Lower Interest Rates do not help people out of debt and actually encourage more credit, at higher levels.

Despite unprecedented #ZIRP for nearly a decade, personal interest payments remained sky high.

Interest payments now exceed previous 2008 peak.

Chart from @dlacalle_IA

1/Convince teens they need college (they don’t)
2/Make predatory loans to non-creditworthy young adults
3/Risk only to borrower & taxpayer, college is only beneficiary
4/Create system of debt slavery
5/Everyone blames everyone in the scheme, except for the young adult who signed

1/Convince teens they need college (they don’t)
2/Make predatory loans to non-creditworthy young adults
3/Risk only to borrower & taxpayer, college is only beneficiary
4/Create system of debt slavery
5/Everyone blames everyone in the scheme, except for the young adult who signed t.co/xhdzLY3jU6

— OW (@OccupyWisdom) July 7, 2018

(2) 18 yr old HS students want loans

Neither have any #income, #savings or #credit history

(1) wants $100k for a condo so she can rent it for passive income. She’s already calculated that the rent covers all #debt

(1) Wants $100k for a humanities degree

WHO GETS THE $100K? pic.twitter.com/EwBTXTyWqv

— OW (@OccupyWisdom) July 7, 2018

Financial repression does not intend to help deleverage or reduce imbalances, but to force savers into debt and taking more risk for lower returns.