...Wherein 80% pay interest and 20% collect it...and other explanations of the Neofeudal, Neocolonial Rentier Economy...

http://www.oftwominds.com/blognov13/serfdom-interest11-13.html

[excerpt]


Why Is Debt the Source of Income Inequality and Serfdom? It's the Interest, Baby (November 27, 2013)

[Charles Hugh Smith]

...

Again using the Pareto concept, of the 20% who receive net interest, it can be further divided 80/20 to imply that 4% receive most (64%?) of the interest. This very fact can explain why/how the system (as it stands) produces a widening between the haves and the so-called 'have nots'.

Longtime correspondent Harun I. explains that the serfdom imposed by debt and interest is not merely financial servitude--it is political serfdom as well:

As both of us have stated, you can create all of the money you want, however, production of real things cannot be accomplished with a keystroke.

...

[end excerpt--read more at link]


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