Banksters borrow from the Fed window at 0.25% (no sic). They then buy government bonds paying 5.5%, take those back to the Fed window as collateral to borrow that much more at 0.25%, which they use to buy government bonds paying 5.5%, which they can take back to the Fed window, ad nauseam. Figured on a trillion dollars, the banks are making $55 billion less $2.5 billion they are paying to the Fed on little initial capital. If you wonder why banksters are not overly interested in making loans; It would cost them too much. In the meantime, the Fed proudly announces they have made $1.5 billion (0.25% minus the average note rate of 0.10%) profit from the banksters.
As Henry Ford once quipped, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." It's morning.
So what the government proposes "giving" students is total BS. So is what they really are giving the banksters. Like I say, it's morning.
