The IMF has just reported that total global debt is now at a staggering $164 trillion, which amounts to 225% of total global GDP. Every person on this planet could turn over everything they produce for the next two plus years and we'd still be in debt.
The number is now so astronomically high that its impossible to pay off, and so there really is no point to even trying.
For every dollar created and loaned, the magical money-lender demands that dollar back plus interest. Since the lender is demanding more than was created, it is mathematically impossible to ever pay off debt, because the interest simply just doesn't exist.
This system ensures that the human race will always be in debt, and this system is the new slavery, meaning that when we owe money in this fashion we are not free to use the full power of our labor and resources to improve our communities and infrastructure.
Instead, lending moves in the direction of the development of instability and weapons of war.
http://www.bibliotecapleyades.net/sociopolitica2/sociopol_globalbanking560.htm