Thread: Student loans

In response to this from Store Keeper



Student loans are an easy way to get people into debt slavery as soon as they leave school. Its a con trick. Now, some, not all, further education not only benefits the person but also the country as well in producing better educated people to innovate etc. Surely then this is what national credit should be for. All student loans should be taken from the treasury, as opposed to the private federal reserve scam artists, or the scamming UK student loans company, who can create the interest loaded debt ridden money out of thin air.

If they moved this to a national credit system, where the countries treasury creates the money debt and interest free, and then when it is repaid, that money is deleted forever, it is a lot better for the economy. It take a huge burden off of university kids who when they graduate finding no decent jobs, or having to work for the psychopathic monster firms or military who will pay the loans off for them, sit and watch the payments going up all the time or the debt collectors knocking on their doors. It stops the graft and corruption that goes on with these large banking and finance companies encouraging universities to increase their fees all the time. It would also start to eliminate the ever increasing trend of shite degrees that make no difference to someones career prospects and ability to do a job.

National credit - credit created and used to benefit the actual country as a whole. A load better than QE which goes straight into the pockets of people like Warren Buffett. At the end of the day, the money is going to be magicked into existence either way. A lot better if it is done by the country for the country as opposed to by some scammer bankers who, at least in the UK, sell that debt in bundles to private banks anyway to reap the rewards from the free money.

Oh and for what its worth, I had 9k of student loans in the UK when I left Uni. I forgot all about it when I graduated, and then when I got my first bonus paid them all off. A lot of people are not so lucky, and I know of 3 people from my year who still paying theirs off today having paid the amount borrowed back a couple of times over!

Student Loan Debt History - Federal Reserve Bank of New York

A great money spinner for the Private Fed - hmmm all that free money, plus interest... protected by law so it can never be bankrupted. Wonder how many people live on the streets because the sell out governments have destroyed employment, and the private banksters who own the Fed relentlessly grab after their filthy money.

Also... these people then get into more debt to make ends meet... so off they trot to the high interest lenders for people with poor credit and get into even more debt. It's a brilliant scam.