I don't loan my lawn mower to my neighbor unless I am reasonably sure he will give it back to me in working order. Bankers aren't idiots. They don't loan money except that they know it will be paid back--- or unless it doesn't matter if it's paid back or not! This is why they have made it so that they DON'T loan money even though it looks like they do. All the so-called bank loans are creations of new money. Being creations, they aren't loans. So, who cares if they get paid back? For the banks, the whole thing, principal, interest, and anything else is all 100% profit. If there is a default, they lose nothing. All the people and money gurus who talk about countries defaulting on loans, don't really know what they are talking about. But if they do, they are simply promoting banker fraud.