The nonfinancial sector supplies us with goods and services.
The financial sector supplies us with money.
Debt is money on which we pay interest.
To the creditor, debt is interest-bearing money.
As more and more of our money becomes interest-bearing, those whose income arises from nonfinancial sources are more and more impoverished by financial cost.
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Note: There is no mention in the above remarks about the RATE of interest.
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