The bank-debt money system systematically charges more money debt to the economies and governments of the world, than it creates money to pay the debts. By the constant addition of new credit-money being spent into the equation, most debtors can still earn the money to repay their debts. Over time the negative sum that is "owing" and is "overdue" so vastly outstrips the amount of money that actually "exists" and is being "spent", that debtors default en masse and the system collapses.
Systemic default on loan repayments is built into the negative sum arithmetic of creating all the money as debt at interest. When we add the removal of saved money out of the equation, the negative sum becomes a declining sum. There is evermore debt owed than there is money available to debtors to earn and repay their debts.
There is no other source of additional "money", except borrowing new money from banks, which adds even more new debt. The more money you put into the system in this way, the worse the negative sum of debt over money becomes.
And governments who try to issue their own money -- to balance the negative sum arithmetic of bank-issued money -- are vigorously prosecuted. Libya was blown to smithereens, for e.g. "All wars are bankers' wars", according to US Marine General Smedley Butler (War is a Racket) -- who personally waged many of those wars on three continents,
"I spent thirty-three years and four months in active military service as a member of this country's most agile military force, the Marine Corps. ...And during that period, I spent most of my time being a high class muscle-man for Big Business, for Wall St and for the Bankers. In short, I was a racketeer, a gangster for capitalism."
Virtually all of the world's money supply is bank-issued credit/debt money. The money-debt arithmetic is a negative sum equation. It is arithmetically impossible for everybody to pay all of the debt they have been charged by banks; because more money is owed as debt, than the amount of money that exists.
Due to the negative sum arithmetic, not everybody can pay their debts to the banks, so we have periodic mass defaults that we call "financial crises". These are not "accidents" that "nobody could see coming". Financial crisis is built into the negative sum arithmetic of the bank-debt money system.
Banks create and lend money first against the borrower's promissory note or bond: which is the promise to pay "money": to repay all of the loan principal and pay the interest charges. The private debt-notes and government bonds -- which are the financial assets that banks create money to purchase -- are "secured by" real collateral assets like Greek islands, ports, the national lottery, private Greek homes and businesses, etc.
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