BRITAIN is slowly drowning in a sea of interest-based debts.  Indeed, we’re now forking out around £120 million a day on interest alone! 

According to figures released recently, the Treasury spent a mind-blowing £3.8 Billion on interest alone in August.  Britain’s debts now amount to around £934 Billion.  If you think that’s bad, the government believes that it will soar to over £1 Trillion by next year.

With this in mind, are we the only one’s who feel that we should tell the banks where to get off?  Solidarity believes that the government should be spending money rebuilding British industry and paying ordinary working folks a decent wage. 

If we stopped paying the banks, maybe there’d be a little more money left for the rest of us!

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Toiler2010

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Banks of course do not lend real, physical money to anybody from a car loan to funding major companies or even governments. They create an entry in a ledger saying that customer X has a credit of Y amount with their bank and other banks and financial institutions accept that as they are all part of the same racket. No real money ever changes hands. The only real activity involved in the whole process is that you, the debtor, goes out and works hard to earn the real money to pay these parasites off.

Friday 03 December 2010, 03:00

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