correct me if I'm wrong, but.....

[Massimo Allamandola]

EcoTort wrote:
>
> *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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