It's very sophisticated and very compelling. The people are led to believe that the things they need are very expensive, and they require the generous assistance of the bankers to help them get it. The end result is that the people will defend that system because 1) they believe they need the things, and 2) the generous bankers are owed our gratitude and loyalty. Both are lies.
Discussion
Agreed. I also believe that debt and taxes are deeply linked. If you take enough money away from the people you basically guarantee that they have to borrow money. Once the owe money you own them.