[GJM] True or False?

[EcoTort]

it would be true, if it were true that it is the government ( -somewhat 
accountable, although don't count on it... whoever one votes for, the 
government always gets in !) who coin the currency...

however it is the banks (unelected and presently unaccountable) who 
really coin it (behind smoke and mirrors), then lend it to the world's 
governments, and charge interest on it (paid out of taxes as national 
debts), which is (to put it politely....) truly absurd, (see below)  AND 
IN FACT CRIMINAL (see http://www.ecotort.gn.apc.org)!   

Aristotle said (2000years ago..) that "money, being in itself naturally 
barren, it is preposterous to make it breed more money...."

Money was invented as means of exchange; and it should, morally *and 
*legally be returned to that status immediately!
>
>> Hi All,
>>
>> I would like ask everyone to answer the following question, with a
>> true or false response:
>>
>> ---> Is it absurd for the government to coin the currency, and then
>> ask for it back again in taxes? <----
>>
>> I realize some or many of you would like to color your response with
>> an explanation, or to return a question instead, which is okay, but I
>> would like your answer as "true" or "false" as well. (snipped)

*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) Approximate Proportion of Monthly Mortgage or Rent Payments which is 
Interest Paid to the Banks*
*
if you borrow, say £100,000 @ 7.5%
over 40 years as a mortgage
to buy a house,
you will have to pay back roughly £300,000 with interest....

this means that
roughly two thirds
of the third of your wages
which is paying the mortgage
is paying interest on that loan.*
* *
*

**2) Approximate Proportion of Tax which is Interest on the National 
Debt Paid to the Banks.*
* *
*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) Approximate Proportion of Interest paid to the Banks out of the 
Price of any Product Bought.**

*
*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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