Economist Max Keiser has characterized the structure of society's interest rates as "apartheid" in nature. By this, he's alluding to "the boundaries [that] are instituted via interest rate policies (not actual apartheid walls like Israel built)."

More specifically, this refers to one's cost of capital; zero (or negative) for some, higher for everyone else.

On one side of the "interest rate apartheid wall," we see the Wall Street and City (of London) banks with a zero cost of capital -- negative when some of these banks lend to the Federal Reserve; dealers in schemes financed with interest-free money.

Like shooting fish in a barrel, this easy carry-trade incentive urges for the creation of ever-increasing amounts of debt. The bankers who create these debts are necessarily paid "as a percentage of gross debts forced through the system." For these bonuses to ultimately be paid, the central bank must set interest rates "as close to zero as possible."

Interest rates on this side of the wall amount to UBI (universal basic income) "for rich people."

Easy money -- all in a day's "work."

So who's on the other side of this interest rate apartheid wall?

The rest of us. Or at least anyone who is not "a partner on Wall St. or the City" -- "epithets" basically.

While mortgage rates are relatively low, we generally pay more exorbitant interest rates on conventional loans, consumer loans, autos, credit cards, etc. Miss a payment and you're jammed with an effective interest rate of 20%-30%. Take out a payday loan and get a bargain rate which can annualize at "2,000 per cent and higher" -- miss a payment on one of these and some goon's gonna pay you and your kneecaps a visit.

But we low-lifes are supposed to remain silent on the various frauds perpetuated by our dear neighbors on the other side of the wall.  Repeal of Glass-Steagall; laundering drug money; environmental degradation; naked short-selling of IPO's; manipulating the LIBOR and precious metals markets; and OTC derivatives: the self-actualization of debt.

On these and other crimes, we are to STFU.

The Financial Times reports that 1 in 15 Americans lives in a trailer park. Seeking economies of scale and higher yields, some of our humanitarian friends on the apartheid wall's other side -- those jackals in the private equity community -- are buying up these formerly "mom and pop" trailer outfits.

The main player here is the Blackstone Group.

Blackstone can borrow at zero percent, then charge high interest and higher rents (up 15% every two years) for the occupant epithets. Their CEO, Stephen Schwarzman, said this creation of slum properties through consolidation has been "good for America."

Good for Blackstone, anyway.