Billions? Let's try TRILLIONS.
The main reason why this is going to be the next-biggest "bubble" that will burst is due to "INTEREST."
This is the main culprit in any "debt-based" system, as ours.
It's based-on setting-up people to fail. It's greedy and it's not ethical. In a FIAT world, where FIAT means nothing real or tangible, it's easy to
see how greed would figure into this equation.
Yes, there are solutions and it's possible, to wipe student loans from your financial record. BANKRUPTCY.
All of these so-called "statutory" loans are able to be discharged by declaring bankruptcy. It's not an easy process, but it can be done.
It's not the student's fault, and I lay blame to those who are greedily profiting from government subsidizing of these loans by making people think
they are statutory. They are not.
If a student loan was truly statutory, it would be as indentured servitude, which is akin to slavery; and this is exactly what it is. Debt
Currently, I owe 55,000 or so dollars in student loans, which if not in deferment, would demand at least 700 dollars or more a month in payments for
30 years. That's ridiculous in my humble opinion, but I did have a chance to see exactly how our "institutions" of higher yearning indoctrinate
students into a system designed to prey on those who aren't financially independent and shackle them with high interest payments for the majority of
their working life and set them up to fail and fall from being middle-class into poverty and ultimately, failure.
Half of the course-work I took during my years of "college" were obsolete and "filler" courses designed as "busy-work." Every college student knows
they'll have to take at least one class a semester which has nothing to do with the world today but is required for any degree they seek to graduate,
thus making more money by keeping the student in college longer.
This is just ridiculous and it needs to change either by the bubble popping due to an economy which has no jobs or opportunities promised in a world
where the opportunists rake the cream from the top while leaving the curds and whey to the ones at the bottom. Simple greed and parasitic capitalists
in the guise of providing an "education" or "service" which is designed to "take" and never "give." And those are the same which expect "us" to take
the high-road, tell the truth, pay debts designed to provide failure, instead of success.
Sounds like giving your child a scorpion instead of a fish or a snake as an egg. And this is the beginning of what's shrouded in the shadow of the
bad-side of capitalism. Simple greed engineered into a system where-by if unraveled, would render the entire system in ruin, which is what we are
When capitalism is in the mess as it is, it's not democracy, but corporate-fascism. The only difference between socialism and democracy is socialism
having a brain when democracy is void of ethics and morality.
Everyone deserves access to affordable and valuable education that is not dependent on financial, racial, or social classes.
These divisive class structures as race and social groups are obsolete and do not work; and it's time for these to be abolished and vanquished from
humanity's realm. The only reason why they were ever implemented were due to control.
If we cannot see this writing on the wall, it's time we gave it up or face the truth and fix it.
edit on 30-9-2012 by trekwebmaster because:
edit on 30-9-2012 by trekwebmaster because: Corrections...