Usury. REH
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Mike Spencer Sent: Tuesday, November 13, 2012 12:21 AM To: [email protected] Subject: [Futurework] Re: AlterNet: Is Our Future Going to Be Keeping Rich People Happy in a Servant Economy? Many of y'all probably broswe the Truthout site regulary and have already seen these. If not... Related to the subject: http://truth-out.org/news/item/12605-its-the-interest-stupid-why-bankers-rul e-the-world Halfway down the page are a couple of graphics supporting Keith's 20/80 notion of the new bimodal distribution of wealth as being more significant then the 1/99 or 0.01/99.99 concept. >From tthe article: In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35 percent to 40 percent of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35 percent to 40 percent cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of "Wall Street greed," but because of the inexorable mathematics of our private banking system. Also related (and referenced in the above article): http://www.webofdebt.com/articles/canada.php I think I was aware that it was in the early 70s that the exchange rate between the US and CAN dollar reversed and the C$ began its drop to 75 cents US or so. I wasn't aware then (no radio, TV or electricity :-) that there was a major change at that time in Canadian policy. The graphic in the above article is startling. While I'm here: This piece by Chris Hedges is a pretty strong indictment of liberals who, having putative power, haven't used it to rein in the ubiquitous power of the financial octopus. http://truth-out.org/opinion/item/12693-the-presidential-election-exposed-ag ain-the-death-of-the-liberal-class >From the article: Liberals have assured us that after the election they will build a movement to hold the president accountable -- although how or when or what this movement will look like they cannot say. They didn't hold him accountable during his first term. They won't during his second. They have played their appointed roles in the bankrupt political theater that passes for electoral politics. They have wrung their hands, sung like a Greek chorus about the evils of the perfidious opponent, assured us that there is no other viable option, and now they will exit the stage. They will carp and whine in the wings until they are trotted out again to assume their role in the next political propaganda campaign of disempowerment and fear. They will, in the meantime, become the butt of ridicule and derision by the very politicians they supported. - Mike -- Michael Spencer Nova Scotia, Canada .~. /V\ [email protected] /( )\ http://home.tallships.ca/mspencer/ ^^-^^ _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
