- Dec 16, 2017
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Agreed and who was it who allowed the Federal Reserve to exist? They can terminate it just as well.Incorrect. The government doesnt print money. The government borrows money from the federal reserve, and that money is borrowed with interest owed to the federal reserve. The government then loans that money to students, also at interest to the student.Please wake up.Sober as can be. I wish you could use your brain.Sober up and then we can discuss.
How is it selfish to expect responsibility. Food is not free, sneakers are not free, neither is education. You can go to a trade school or a community college relatively cheaply. You donāt cancel an obligation. You are illogical and an asshole.
College tuition is a scam perpetuated on the young. Millions of young Americans are starting life deeply in debt. They are debt serfs.
Now try to analyze the situation fairly. The government prints the money at no cost to them. Then they lend it out at high rates of interest, to college students. Is that fair?
Government has even taken the extraordinary step of preventing student loan debt from being forgiven in bankruptcy proceedings.
The consequences of preventing young people from attaining the American Dream, are not good for society.
The money, and the interest is owed back to the federal reserve. If the government does student loan debt forgiveness, the debt is still owed to the federal reserve, plus interest.
At any rate, who gets rich from this corrupt arrangement? A bunch of private banks run by .1%ers, thatās who. Does that sound fair to anyone? They print the money from nothing, loan it out and get fabulously rich. A scam the Mafia can only dream of.
You are right, it is definitely a scam, but it is a scam that nobody can do anything about. Think about this, our entire economy is based on the currency issued by the fed. Dissolve that and our economy ceases to exist.