Plus there are so many paradox events that you could trigger which would destroy the fabric of time.
I think the loop hole in what Einstein didn't state, was that you could distort time. Throw in worm-holes and other theoretical physics oddities and you got yourself an interesting possibility. Of course you would need to be going faster than the speed of light to distort space-time, which isn't possible.
Yes.
If you undo time, you don't remember anything that happened BTW. But that would also cause you to forget what happened.
You just MIGHT remember through deja vu, when the event happens, but it can also cause a time paradox, of which when it happens, in before the undo, that might happen again, causing the fabric of space/time to be ruined.
You can also create a time paradox if you kill someone, but you still like them for who they are.
Your life could be miserable because of someone you REALLY don't like. But if you kill them, going back in time, you might feel that you WANT that exact same person back. Go back to where you were thinking of killing him, then convince yourself to NOT kill him. But of course, there is a part of time/space that tells yourself to NOT kill him, convincing yourself TO kill him.
Time paradox ensures? Actually, I don't know, time is too confusing with the human race. It's like it's God's assistant to keep EVERYTHING going. If something goes wrong, god fires it, removing it from existance. Then no events will pass.
Then wouldn't God have a time paradox himself? As I said, too confusing.
BTW, the theory black holes, when things go into them, events won't pass. NOTHING time related will pass (gas XD).
Basically a gravitational pull of nothing? Who knows. Well I don't for sure.
EDIT: I just noticed I was just saying stuff as I went along, as far as I knew about time.