World Debt, page-2

This is my understanding, though again, would like someone here more qualified than me to validate or repudiate.
The banks create money as debt.
Governments around the world gave away the right to control the money supply to the banks.
Therefore if the government needs money for something (schools etc) they have to borrow it from the banks, or from other countries, with interest.
This is why governments are in debt and taxing individuals to repay the debt.
The debt is owed to the banks.
Which is why the bankers, and the opaque 1% are getting richer and richer.
There is no longer a gold standard which acts as a handbrake on how much money (debt) can be created. Therefore the banks just keep creating more money (debt) to lend to governments to pay off their debt.
When I apply for a mortgage, I am not lent someone else's savings. The bank creates a line item in a computer for say 500k (money/debt created) at no impost to themselves, and then charge me 5% interest to repay it. This can take 20 years. Of MY life.
I think this is referred to as debt slavery.