298 JUST IN: The Court granted our emergency motion to BLOCK Joe Biden’s entire illegal student loan plan, which would have saddled working Americans with half-a-trillion dollars in Ivy League debt. (twitter.com) posted 127 days ago by Raritan 127 days ago by Raritan +299 / -1 24 comments share 24 comments share save hide report block hide replies
What do you think interest is?
I don't think you understand how inflation works. Money paid to interest doesn't magically spawn from nothing
Yes. Yes it does.
Every time a loan is written, currency is created from nothing, thus adulterating it.
You get loaned $50,000 at 7% interest, you owe $53,500 in a year.
Where does that $3,500 come from?
And it only compounds year after year, driving you deeper into debt.
It's a trap. Keeps you in lifetime debt slavery.
Normally I would say "loaned X, owe X."
But no. Fuck the scam.
Jubilee.