Karl Frederick
11-11-2011, 12:35 PM
Article by Ellen Brown at Truthout.org describes how, "According to Margrit Kennedy, a German researcher who has studied this issue extensively, interest now composes 40 percent of the cost of everything we buy (https://www.converge.org.nz/evcnz/resources/money.pdf). We don't see it on the sales slips, but interest is exacted at every stage of production. Suppliers need to take out loans to pay for labor and materials before they have a product to sell.
For government projects, Kennedy found that the average cost of interest is 50 percent (https://www.mkeever.com/kent.html). If the government owned the banks, it could keep the interest and get these projects at half price."
https://www.truth-out.org/time-economic-bill-rights/1320938466
For government projects, Kennedy found that the average cost of interest is 50 percent (https://www.mkeever.com/kent.html). If the government owned the banks, it could keep the interest and get these projects at half price."
https://www.truth-out.org/time-economic-bill-rights/1320938466