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