Good bye post. Time constraints and a total lack of patience got the better of me.
It just wasn't meant to be.
Today, I will give it another whirl.
Many of the great political and religious leaders like Moses, Mohammed, Luther,Ghandi and most of the churches and spiritual groups throughout history have tried to reduce social injustice by prohibiting interest payments. They understood it as the main cause of social injustice.
As it was then, so it is today....
Heard Ellen Brown interviewed the other day and she mentioned that interest. Usary, accounts on average for 40 percent of the cost of pretty much everything.
I thought, well that's a given! So why does no one ever take about it?
The inflation brought on by the cost of interest?
What is always blamed for inflation is wages.
Oh you can't pay people a decent wage because that will drive inflation.
Well what about the cost of interest that is factored into absolutely everything?
Why don't we ever hear or read about that?
Well here is a pdf that will let you do just that
A further reason why it is difficult for us to understand the full impact of the interest
mechanism on our economic system is, that it works in a concealed way.
Most of us assume that we only pay interest when we borrow money.
Therefore, if wewant to avoid paying interest, we think all we have to do is to avoid borrowing money.
What most people do not understand is, that every price we pay includes a certain
amount of interest. The exact proportion varies according to the labour versus capital costs
of the goods and services we buy. This ranges from a capital share of only 12% in garbage
collection, to 38% in drinking water, and up to 77% in public housing.
On the average we pay about 40% interest in all the prices of our goods and services
40 percent of the cost of everything- Interest payments
That's quite alot.
What difference would a 40 percent price reduction on average make in your life?
It is an interesting little read if you have the time.
If not just ponder everything costing on average 40 percent less without compound interest?
How much easier life would be......