If it's reset to days ago, how exactly does things that happened in the last 2 days come in to play if it's reset to when it never happened?

does that mean it never took place, since everything you gained in the time is now lost? If i make a enemy today and become hunted by empire, when we go back days, am i no longer hunted and what i did will not be used against me?

If im anathema today, when its backed up, and i still in the empire? will i be anathema again for something that never took place?

Serious question