That is what fiat money looks like. We don't use that kind of money. We use bank-issued credit/debt money.
Neither Franklin's colonial government nor the private economy were "in debt" to British bankers and their 'loans' of 'gold-backed' credit money. Because a money-issuing sovereign people does not need the bankers' credit/debt money, the colony used its own money and avoided mortgaging their real economy to the bankers and avoided paying the bankers' annual "tribute" of interest.
You wonder why banksters are rich and powerful? The world pays annual interest on the world's entire outstanding stock of banker-issued "money". Money-issuing commercial banks collect perpetual economic rent on every dollar and yen and pound sterling that exists in the money supply.
The British Imperial government had previously upped the tax on tea brought in by American merchants, to support the British East India Company's state-granted monopoly in the colonial tea trade. Franklin said the tea tax was a goad, but it was the Brit's effective banning of colonial money issuance (to restore City of London banksters' monopoly on colonial money issuance) -- and the consequent monetary contraction and economic depression -- that ignited the American Revolution.
Like Franklin, modern national governments, exercising their sovereign power to "issue" their own debt-free fiat money, could perform this function of adding Positive Money into their national financial equation. As a critically necessary complement to the existing bank-debt money system, fiat money issuance could provide nations with the missing money to balance their internal money-debt equation, without robbing France to pay Britain -- as in the early days of European mercantilism that Adam Smith railed against.
Today we have German mercantilists -- German bankers who loaned Greeks money to buy German exports, so German industrialists could earn sales and profits by selling Mercedes and other German goods to Greeks who lacked money income to buy the goods -- demanding the Greeks "pay up". Pay up how, exactly? From what source of "income" are Greeks supposed to get the payment money? Move German industry to Greece, and let the Greeks make cars and sell them to Germans for money, then use the export earnings to repay their debts to the Germans? This is the only way Greeks can "earn money" to repay their debts to Germans.
In the capitalist system, you produce and sell "stuff", to get "money" from the people who buy your stuff. You don't get money by "producing stuff". You get money by "selling stuff", to people who have money to "pay you" for the stuff. Money buys stuff. Sellers get money, buyers get stuff.
What is mercantilism really? You produce real wealth by real effort, and you sell it for money that is immaterial numbers that are created out of nothing by banks, in order to earn money profits. Are we really that stupid? Have we been so mesmerized by Money that we see this as "beneficial" to us? Why don't we create our own money, and keep our real stuff too? And if we can produce Mercedes cars in abundance, we can "trade them" for Greek olives and wine and German vacations in Greece.
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