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A generation ago, Congress privatized the US student loan program, creating a major profit center for Wall Street. Today, just about everyone involved in the student loan industry makes money off students – the banks, private investors, even the federal government.
Source – revealnews.org
– “…Decades ago, the federal government relinquished direct control of the student loan program, opening its bank to corporations concerned with profits, not diplomas. Private equity companies and Wall Street banks seized on the flow of federal loan dollars by peddling loans that students sometimes could not afford and then collecting fees from the government to hound those students when they defaulted”
(A History of Student Loans Every Student Should Read: Who Got Rich Off the Student Debt Crisis – by James B. Steele and Lance Williams)
A generation ago, Congress privatized a student loan program intended to give more Americans access to higher education.
In its place, lawmakers created another profit center for Wall Street and a system of college finance that has fed the nation’s cycle of inequality. Step by step, Congress has enacted one law after another to make student debt the…
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The Most Revolutionary Act 
https://sentinelblog.com/2017/06/25/millennials-slow-to-enter-housing-market-under-albatross-of-student-loan-debt-youtube/
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Student debt is also killing the New Zealand economy – we educate a bunch of teachers, doctors, lawyers, vets, pharmacists, etc and they all go overseas because salaries are so low here they can’t repay their student debt.
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NEW ZEALAND IS NOT ALONE, IT HAS PLENTY OF COMPANY IN MANY OTHER COUNTRIES PRIMARILY THE USA. WE HAVE EVERY KNOWN KIND OF DEBT THAT THERE IS, THE USA IS BECOMING BROKE AND VERY FEW STATES HAVE THE RIGHT IDEA.
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Of course NZ copied the US model. “Hear our voices, we entreat, God – [please] defend New Zealand!”
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Except maybe the ones from rich families who can afford to pay. So the future of NZ is a small rich privileged elite governing a growing urban dispossessed poor – largely financed by super-wealthy “refugees” from Asia and the USA. Am I being unduly pessimistic?
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http://joemiller.us/2017/06/conspiracy-theory-confirmed-federal-reserve-exposed-working-as-arm-of-us-intelligence/
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So now we know for sure, huh? What we always kind of knew anyway. Thanks for the link.
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In response to your question Alan, New Zealand business is financed by super wealthy “refugees” – the government is funded by middle and low income taxpayers.
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http://www.darkpolitricks.com/2017/06/trump-diculous-and-hillhell-arious-tragic-comic-leadership-killing-millions-harming-billions-looting-trillions-will-we-the-people-demand-01-arrests-for-wars-o/
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WATCH THIS AND LISTEN VERY CAREFULLY; REALIZING THAT THE USA IS REALLY NOT THE USA, BUT STILL A MASSIVE COLONY OF UK. WE HAVE NEVER BEEN THE USA. THIS SHORT VIDEO EXPLAINS A LOT:
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On Jun 25, 2017 1:55 PM, “The Most Revolutionary Act” wrote:
> stuartbramhall posted: “* * A generation ago, Congress privatized the US > student loan program, creating a major profit center for Wall Street. > Today, just about everyone involved in the student loan industry makes > money off students – the banks, private investors, even the feder” >
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Racket in every sector, corrupt world…
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YOU ARE SO EVER 1,000% CORRECT:
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Well, Lara, I guess that’s what you get when you “allow” yourself to be governed by professional criminals.
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Unfortunately, those “professional criminals” seem to have the electoral process so much under their control, most people feel helpless/hopeless to do anything about it. And it’s true of New Zealand as much as the United States.
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