It’s the Interest, Stupid! Why Bankers Rule the WorldSubmitted by clynbrit on Fri, 11/09/2012 - 09:01
By Ellen Brown
Global Research, November 08, 2012
A stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP
Tradesmen, suppliers, wholesalers and retailers all along the chain of production rely on credit to pay their bills. They must pay for labor and materials before they have a product to sell and before the end buyer pays for the product 90 days later.
Each supplier in the chain adds interest to its production costs, which are passed on to the ultimate consumer (WE THE PEOPLE). Dr. Kennedy cites interest charges ranging from 12% for garbage collection, to 38% for drinking water to, 77% for rent in public housing in her native Germany."
Can this be changed? What can we the people do? Is this usury?
WILL END THE FED HELP?