One more thing, the only asset you own is a house worth $150,000: https://fiscal.treasury.gov/reports-statements/financial-report/balance-sheets.html

Imagine you earn $100,000 yearly, you are in debt (mortgage, cars, credit cards) $700,000 and you are actively spending $150,000 a year ($50,000 on credit cards). That is the state of the US. No bank will lend you the additional 50k - But…. What if you own the bank?