You can restore the entire system from a Time Machine snapshot, but it requires booting from the recovery partition or recovery disk. Basically, after rebooting in recovery mode, you can select Restore From Time Machine Backup , and then you will be asked to find the drive. After you do this, a list of Time Machine snapshots for recovery will be presented.
I have not done this recently, but there are indications that backup time can always be in PST, so be careful when looking at the time.
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