I wouldn't be so quick to blame the banks for loaning the money, but I will blame them for the system they created.
It's the central banking system that causes the problems for the people.
Most people think money solely an intermediary in exchanging goods, but this isn't the case with central banking. With central banking, most of the money created is created by people borrowing it. If I go to the bank, and get a loan for a new car, the $20K I borrow, is simply credited to my account.
No goods are transferred, and no actual money is moved. The bank doesn't even need to have the $20K to lend it out. They simply create it out of nothing. This is how money is brought into circulation.
Now, the real interesting thing is that they charge interest on this money that they lend/create. So they create the principle but they don't create the interest. It is impossible for the economy's debt to be repaid. Therefore, some people will HAVE to declare bankruptcy. Right now, you are working harder than your share because of this interest. Your quality of life is lower than the amount of work you give society.
Whats more, is that the economy needs to grow exponetially to keep up with the interest payments. That 1-2% growth to the GDP each quarter is exponential growth. It looks like steady growth, but if you know anything about compound interest, you realize that this % is based of last quarters % and is an extremely high amount of growth.
It is no wonder why we completely rape this planet of it's resources, if we didn't, the economy would crumble.
