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

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