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

https://twitter.com/OccupyWisdom/status/1015399731521081345

https://twitter.com/OccupyWisdom/status/1015460278958526464

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