“High interest rates focus on the revenue of a parasitic class.” InterestClassFocusCapitalismRateFinanceRevenueInterest RateParasitesColumnists Author:Linda McQuaig
“High interest rates focus on the revenue of a parasitic class.Historically the financial system has been structured in favour of moneyed interests, that is, creditors.” Has BeensInterestClassFocusCapitalismRateFinancialFavourRevenueInterest RateCreditorsFinancial System Author:Linda McQuaig
“For society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate of the Bank of Canada was to maintain a delicate balance between encouraging growth and fighting inflation, the Bank opted to focus exclusively on fighting inflation. In doing so it came down heavily in favour of those with financial assets to protect, and against those whose primary need was employment.” NeedsKindFightingGrowthInterestFocusBalanceProtectCapitalismFunctionFinancialStuckEmploymentPrimariesReasonableCanadaAssetsDelicateCompetingFavourInflationMandatesCreditorsDebtors Author:Linda McQuaig
