“As time goes on, those who think that they live in democracies will live at best, in oligarchy or at worst under fascist regimes. In medieval times, people thought they were badly off when they paid tithes; a tenth of their income or produce to the feudal land lord. In this respect, they were better off than we are nowadays. Today more than one third of DM or dollar goes to service capital. Those who gain most are the super rich, multinationals, big insurance companies and banks.”

Source: Interest and Inflation Free Money (1995), Chapter Three, Who Would Profit From a New Monetary System?, p. 67

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Margrit Kennedy12

German architect 1939–2013

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