Yet by accepting the loan, the person has entered into debt slavery to the creator of the money. The debt slave labors his/her entire life to repay the loan plus interest. Only 8% of the loan is risked capital, and all the interest paid is pure profit for the bank. The principle that was created with the loan simply disappears when the loan is paid off with interest. This is why banks are so willing to lend to anyone, with any credit history. They have little to lose. By allowing banks to make vast amounts of money via this scam, Capitalism has made the bankers the masters of us all. Over the centuries they have taken over government-after-government by convincing ignorant politicians to support their system of private central banking. They have manipulated governments into allows them to create the money from nothing. In fact much of the history of the United States is the story of the conflict between bankers and the people. Read the history of central banks in the US. Andrew Jackson was the last president who tried to stand up to the bankers. In 1913, Woodrow Wilson gave them control of our country, an act that he regretted to the end of his life. (He was blackmailed into doing so; the bankers knew about his illegitimate son.)
Title says it all.
