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Trump vs. Powell and Dismantling the Education Debt Machine
President Trump’s attendance at Pope Francis’ funeral in Rome on Saturday, following the pontiff’s recent passing. The escalating feud between Trump and Federal Reserve Chair Jerome Powell, with Trump demanding lower interest rates, claiming inflation is nearly nonexistent and warning of economic slowdown if Powell doesn’t act. Trump asserts he can remove Powell despite the Federal Reserve’s independence from the U.S. government. The Department of Education, alleging Barack Obama transformed it into a “student loan bank” controlling $1.6 trillion in debt owed by 42.7 million borrowers. Under Linda McMahon’s leadership, accountability measures are set to resume on May 5, moving 1.8 million borrowers into repayment plans, with penalties like wage garnishment for defaults. Finally, it notes Klaus Schwab’s retirement from the World Economic Forum, framing it as a significant shift. These events were interconnected battles against entrenched powers in finance, education, and global influence.
President Trump will be at the funeral of the Pope on Saturday.
There is a financial meltdown between Jerome Powell and Trump. Trump wants interest rates to be lowered. Trump said that when he wants Powell gone he will be gone. The federal reserve is not an agency of the United States. There is a power struggle here between the two.
Trump says…There is virtually no inflation. With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation but there can be a slowing of the economy unless Mr Too Late lowers interest rates.
Barack Obama turned the Dept of Ed into a bank, a student loan vehicle. This is the reason we want to get rid of the Dept of Ed. If you control the kids, the bank, the money… can’t make this up. 42.7 Million borrowers owe more than $1.6 Trillion in student loan debt. Linda McMahon Accountability returns to student loans. On May 5 the process of moving roughly 1.8 Million borrowers into repayment plans and restart collections of the loans in default. Borrowers who don’t make payments on time will see their credit scores go down and in some cases their wages automatically garnished.
Klaus Schwab retired yesterday.
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