Yeah to be more specirfic, its not redistribution of responsibility.
it's generating cash out of thin air
the bank writes down that they give you money they never give you, the bank writes down that they gave the school money they never gave them, and the school gets to exchange that writing into cash freshly minted from the FED.
And then when that cash never trickles down to the students the say they cant pay for all those numbers the bank was excahnging between parties.
And so the bank asks the goverment for them to create new dollars, to cover the fake ones the bank created that needed to be paid back by someone who cant (or doesn't want to).
So really, it's just a gigantic money printing scheme, by the 1%
|