HOW MORE THAN HALF OF YOUR WAGES IS NOW BEING STOLEN BY THE BANKS:

[EcoTort Theatre]

HOW MORE THAN HALF OF YOUR WAGES

IS NOW BEING STOLEN BY THE BANKS:

ROUGHLY:

one third of a person's wages goes to pay the mortgage,
one third is tax,
and the remaining third you get to spend...

 

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 at least 50% of the price of ANY item we buy is interest being paid to the banks.

 

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.

APPROXIMATE PROPORTION OF TAX

WHICH IS INTEREST ON THE NATIONAL DEBT

PAID OUT OF OUR TAXES TO THE BANKS.

The Bank of England is a privately owned company.
The government has granted a license to the Bank of England to print money.
The government borrows money from the Bank of England, and 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.

Also, almost everyone who works for the government has a mortgage (or is paying rent which is probably paying someone else’s mortgage), and the interest payments for their mortgage is paid out of their wages, which is also paid out of tax. This ammounts to something like another 10% of tax being paid as interest to the banks.

Furthermore, everyone who works for the government is spending about one third of their wages as they choose; but as shown above, roughly half of that money is also paid to the banks as interest, which probably ammounts to at least another 10% of tax going to the banks.

If we add these  together, we can see that well over half of everyones’ tax is paying interest to the banks…

MORE THAN HALF OF YOUR WAGES IS BEING STOLEN BY THE BANKS.

ROUGHLY 50% OF THE PRICE OF ANYTHING YOU BUY IS PAYING INTEREST TO THE BANK.
ABOUT 66% OF YOUR MORTGAGE IS PAYING INTEREST TO THE BANK.
AROUND 50% OF YOUR TAX IS PAYING INTEREST TO THE BANK.

ADDING THESE TOGETHER:WE FIND THAT WELL OVER HALF OF EVERYONE'S WAGES IS PAYING INTEREST TO THE BANKS….

THEREFORE: IF WE SIMPLY ABOLISH USURY,

WE CAN WORK LESS THAN HALF THE AMOUNT OF HOURS IN A WEEK, (AND CONSEQUENTLY DO LESS THAN HALF THE AMOUNT OF DAMAGE TO THE ENVIRONMENT) WHILE MAINTAINING THE SAME STANDARD OF LIVING, AND HAVE TWICE AS MUCH LEISURE TIME