A Close Look At Student Loans - 03-20-15

A close look at student loans. Stripping away the feel-good repartee, we are left with a system that encourages people to sign up 4.5 million more students per year than are capable of earning a degree. Yes, it’s your money. The loan defaults are going to be epic. We’re talking $250 billion of losses. Deleveraging has not happened. Debt continues to grow. You must deleverage to solve a crisis caused by excessive debt. The inevitable collapse will be earth-shatteringly horrendous. Another clip from Nigel Farage, this time about the Greek situation. Up-coming regulation of the Internet. More on the future disaster ahead for America. Iceland has dropped its application to join the European Union. The absurdity of the European financial situation. Characterization of the U.S.A.: a decomposing corpse of a nation lorded over by a tiny clique of oligarchs who control the herd by wielding Orwellian methods of mind-control.