We all live in a debt based monetary system and the vast majority have to take on debt to live and stay alive. It is the monetary system that is the problem. Even the private bankers who issue the debt are in debt themselves due to their greed and have to be bailed out by the taxpayer – hundreds of trillions worldwide.
So where does the bailout money come from? Mainly from Central Reserve banks who issue it on behalf of governments. Ask the Bank of England where they get the money from and they will tell you that it is computer generated – that is it is created out of thin air!
So the question is if banks and institutions that have got into debt can be rescued by means of computer generated money lent at practically zero interest rates then why not individuals like you and me?