Debt has become a lifestyle for the majority of people both for consumption and for investment. Even today, many non-bank institutions offer easy loans with an instant approval process through checking personal data and loan records from central banks. Even someone feels proud if they can get a loan from a bank, which means their track record is good. Debt creates opportunities but debt also causes many other bad things, including forcing to buy something you want not what you need by going into debt.
Debt creation has become a way to control not only individual people but entire countries. A man who has a bank loan for say 30 years is someone who is very easy to control in every aspect, he does not complain about bad policies, does not cause problems at work and is a
good soldier who obeys all orders, and in the evening in bed he complains to his wife how hard life is.
If we were to put a country run by the World Bank or the International Monetary Fund in the same context, then it is very easy to see why debt is a very powerful weapon in the hands of financial organizations. There is a good
movie that deals with the role of banks in today's society by sending the message that although most people think that profit comes first, it is debt creation that gives banks not only profit, but also ultimate control.