The private banking system now creates all the money for our Govts in the West to function. There are no more Govt banks. He who pays the piper calls the tune. This is why we are consumed by debt. Money needed for increases in growth and inflation is now created as debt.

http://barnabyisright.com/2013/07/15/moodys-warns-of-australian-banking-collapse/

Our banks exposure to derivatives is now over $20 trillion or 6 times their assets (ie our mortgages).

This site and The Citizen's Electoral Council notes that a Cyprus bail in system is planned for all G 20 nations.ie confiscation of bank deposits and shares.