You are trying to make everyone else responsible for my finances and I'd damn well thank you to stop, since they're mine.
1. Make a mockery of prudent allocation of money and get bailed out when their games get messed up
2. Mess up the purchasing power of any money you possess far more than any individual defaults or even class of individual defaults
3. Impose grave and hidden responsibilities on individual borrowers and mass surveillance...
They are messing up your finances far more than the most reckless individual borrowers ever could. *
PS - How is finance going to deal with the multitrillion dollar pension bomb? With prudence or with a combination of a game of musical chairs and chickens until stuff gets serious? How is your financial discipline, as an individual, going to protect you from manmade tsnumais?
As for your PS, I don't respond to conspiracy theories.
Is the World Economic Forum a purveyor of conspiracy theories? Is our reduced purchasing power at the level of food and rent a conspiracy theory?
Edit: My apologies, here's the actual WEF press release https://www.weforum.org/press/2017/05/global-pension-timebom...