[GJM] please correct me if I'm wrong.....

[EcoTort]

*ROUGHLY :-
**1) one third of a person's wages goes to pay the mortgage,
2) one third is tax,
3) and the remaining third you get to spend...

1) if you borrow, say £100,000 @ 10%
over 40 years as a mortgage
to buy a house,
you will have to pay back roughly £300,000 in interest....

this means that
roughly three quarters
of the third of your wages
which is paying the mortgage
is paying interest on that loan.

2) the bank of England is a private company.
the government has granted a license*

*to the bank of England to print money.
the government borrows money from the bank of England,
the government pays interest on that loan.
that interest is paid out of the third of your wages which is paying tax 
to the government.

3) if you buy (for example)  a china cup in a shop:-

a) someone has borrowed money from a bank
to set up a quarry
to extract the china clay
from the earth:
they are paying interest to the bank on that loan

b) someone has borrowed money from a bank
to buy a lorry
to transport the china clay
to the factory
which makes the cups:
they are paying interest to the bank on that loan

c) someone has borrowed money from a bank
to set up the factory
which makes the cups:
they are paying interest to the bank on that loan

d) someone has borrowed money from a bank
to buy a lorry
to transport the cups to the wholesaler:
they are paying interest to the bank on that loan
*
*e) someone has borrowed money from a bank
to set up the wholesale business:*
*they are paying interest to the bank on that loan
*
*f) someone has borrowed money from a bank
to buy a lorry
to transport the cups to the retailer:*
*they are paying interest to the bank on that loan

g) someone has borrowed money from a bank
to set up the retail business:*
*they are paying interest to the bank on that loan

h) all of those people from a)  to g)  above...
are paying  interest to the bank on their mortgages.

all these interest payments to the banks
are coming out
of the purchase price
of the china cup....

if we add all these interest payments together
we find
that
on average
conservatively speaking
50% of the price
of ANY item we buy
is interest
being paid to the banks.

**HENCE:
**1) one third of a person's wages goes to pay the mortgage
(ABOUT 75% OF YOUR MORTGAGE THIRD IS PAYING INTEREST TO THE BANKERS)
2) one third is tax
(SOMEWHERE BETWEEN 10-20% OF YOUR TAX THIRD IS PAYING INTEREST TO THE 
BANKERS)
3) and the remaining third you get to spend...
(ON AVERAGE, ROUGHLY 50% OF THE PRICE OF ANY MONEY YOU SPEND FROM YOUR 
SPENDING THIRD IS PAYING INTEREST TO THE BANKS)

ADDING 1) , 2) , AND 3)  TOGETHER:
WE FIND THAT WELL OVER HALF OF EVERYONE'S WAGES IS PAYING INTEREST ON 
LOANS TO THE BANKERS....*

* *

*IF WE _SIMPLY ABOLISH USURY_, WE CAN WORK HALF THE HOURS WITH THE SAME 
WAGES IN OUR POCKET, DO HALF THE DAMAGE TO THE ENVIRONMENT IN OUR 
EMPLOYMENT, *

* *

*_AND_** SPEND TWICE AS MUCH TIME WITH OUR FAMILIES OR IN THE PUB, OR 
WATCHING TELLY, COOKING BEAUTIFUL MEALS, OR GOING OUT TO THE 
COUNTRYSIDE,.... (+:


*


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