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Want To Understand Rising Wealth Inequality? Look At Debt & Interest

Authored by Charles Hugh-Smith via OfTwoMinds blog, "Governments cannot reduce their debt or deficits and central banks cannot taper. Equally, they cannot perpetually borrow exponentially more. This one last bubble cannot end (but it must)." I often refer to debt serfdom, the servitude debt enforces on borrowers. The mechanism of this servitude is interest, and today I turn to two knowledgeable correspondents for explanations of the consequences of interest.
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