The problem is they can make whatever they want. No state in the world can go bankrupt. Under a condition. They must be able to produce their own currency. That is fact. Banks can cause a crisis. This is allowed. Then some are saved, others are not. There is also a way to make great things even bigger. This can lead to a collapse like 1929. Stock exchange high, bought with credit, extreme all-time high. The next crash could look nasty. We will see BAA