lending money that doesn't exist is just a form of counterfeiting and the punishment should be having your nose cut off.  technically they call this "over-leveraging" as in, borrowing more against an asset than its worth. but the reason this happens is because these are rental assets and the owner is actually mortgaging against the future rental income.  the problem with the futures market is that borrowing against future income you can't realise (rent not yet paid) is that it increases monetary supply. if a farmer borrows against a crop that hasn't come in yet, you've got more money in the economy than wheat, which is the cause of inflation.  boomers and banks are both over leveraging rental assets as a form of money printing. and this devalues the savings of the landless, inheritances of the young and workers wages all at once.  and the state actually loves this, because it makes pensioners taxable, and allows them to claw back welfare payments.  so young people, the poor and workers really are on their own in this, violence really is the only answer.
National Bolshevik