Governments / Central Banks / IMF / Banks (Creditors) indebt nations and individuals (debtors), often to impayable situations. Agreed.

To create a debtor, the debtor has to at least be under the illusion that this is a worthwhile endeavour or feel compelled to enter into the agreement.

The creditor must therefore appear to have some credibility and/or authority for the agreement to begin in the first place.

Taking debt payments, taxes and/or exerting influence / projecting power of some form, help give the debtor some confidence the creditor is worthy of respect.

The endgame is to acquire assets (Labour is an asset too). Agreed.

But they have to be appear to be playing the game themselves on some level so folk or nation states etc play along. If it's abused too much there is a tipping point.

#Bitcoin