All the money in circulation is created as a debt. It's impossible to repay a debt with debt. All "fiat money" is created from nothing, even thin air has substance. All "fiat money" is borrowed at interest into circulation. Only the borrowed principal is in circulation. The borrower owes the lender principal plus interest. The interest does not exist. All the accrued interest is greater than the amount of principal in circulation. The debt is impossible to pay off. This is fraud, plain and simple, fraud of biblical proportions.

Rather than being wealth creators bankers are being handsomely rewarded for bringing the global financial system to the brink of collapse, causing jobs to be lost rather than created and increasing the public debt. Paid between £500,000 and £80m a year, leading bankers destroy £7 of value for every pound they generate.

Eilis Lawlor, spokeswoman for the New Economics Foundation, said: "Pay levels often don't reflect the true value that is being created. As a society, we need a pay structure which rewards those jobs that create most societal benefit rather than those that generate profits at the expense of society and the environment".