STUDENT LOAN BUBBLE BURSTING

>>133527264
Have a bump because no one here knows shit about economics.

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>On the revenue side, things were just as bad with the US Treasury collecting only $338.7BN, just 9% higher than the $330BN in June of 2016.
>What makes the surge in the deficit especially surprising is that June is often a surplus month, as the Treasury receives large corporate and non-withheld individual tax payments in that month.

>Based on the CBO revisions, it appears that the deficit for the fiscal year, which has three months left, will be in the $650 billion to $700 billion range, if not even higher, mostly due to the surge in "subsidy costs of housing and student loans" guaranteed by the Treasury.
>Combining these two means that YTD, the deficit jumped to $523.1BN vs $399.2BN last year.
>he CBO recently revised its
projection for the fiscal 2017 up by $134 billion to $693 billion. Most of the CBO revision reflects weaker than expected revenues, which means it will be even more surprised when it finds out what is going on with outlays.

>To summarize: what the unexpected surge in government spending means is that quietly and mostly behind the scenes, the student debt bubble has begun to burst, and the Treasury is "provisioning" for it in real time, with all US taxpayers once again on the hook.

>>133527264
>and to a lesser extent housing, it guarantees.
WHY THE FUCK ARE STUDENT LOANS HOOKED INTO MORTGAGES

Trump will fix America and only smart white STEM students will get government funding. Niggers and fags btfo

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>>133527545
I wouldn't worry about it

>>133527545
Jews. They want your life.

That bubble can't burst, you can't walk away from your loan like you could in the housing market the government over inflated.

>>133527264
Rising healthcare and education costs will destroy the American economy. Neither party wants to address this problem, so it will continue to grow until it overwhelms the US. In the long term, this is the black pill that destroys the US.

>>133527661
>>133527705
That's the "who"

could an economics bro please explain the "how/why?"

Also, US shale is going to go up in flames soon as well. It's a big bubble financed by debt and Wall street and oil prices keep dropping. Big money is starting to pull out of shale after getting burned. Oil is gonna drop down to the $40ish range before the year is out.

Fed gov't is going to step in with bailouts to save them

>>133527264
that faggot Obummer had been cooking the books the whole time.

>>133528121
>why
gotta pump up the housing market anon, too many boomers are still reliant on it after the shitshow of '08 for their retirement funding

>>133527264
Its also worth noting the deficit is not the same as debt. The deficit is how much the US is in the red each year and how much is added onto the debt. Trump promised a deficit neutral budget, but instead has shown a budget cutting the deficit by a third. This would add onto the student debt bubble which the treasury is trying to head it off. Yates is trumps best friend and he is trying to get rid of her.

>>133527786
>you can't walk away from your loan like you could in the housing market the government over inflated.

true. but people default fucking constantly then have their mcjob's wages garnished, and even if you do it for the rest of their lives it will never be more than a tiny fraction of paying off that liberal arts degree.

Just because they're legally required to donate doesn't mean that the bloodbank should invest in stones. this bubble will last precisely as long as ((they)) don't look too closely at what it is.

>>133527264
almost anyone whose not a mongoloid idiot should already realize that the student loan bubble is going to burst. With less than half of all loans in repayment the default rate is like 30% already. The interest rate hikes make even subsidized loans have close to a 4% interest rate and close to 7% on unsub. Gee people even in good fields can't find a job that wants to pay them even a fraction of what they were told would exist for jobs with a degree and instead most get stuck in 30-45K shit jobs and saddled with 40-60K in student loans. Even with the Obama program to make it so students could only pay a token amount (which makes the balances only grow forever) and kick the can down the road 20 years and hope that someone else deals with it.

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>>133527264
Bump
Going to college next year, how fucked am I?

>>133527264
There's also an almost $4 trillion gap in his budget.

Calling it optimistic is too optimistic, "disconnected from reality" might be a better turn of phrase.

bumparinoooo

>>133527264
We've been anticipating several bubbles crashing.
What's the likelihood of this particular bubble bursting causing a cascading event that sees all the other bubbles like Deutsche Bank and the property market bursting?

>>133530104
drop out, go for trade or something. very fucked

>>133530460
Realistically it's a game of musical chairs right now, except there are no chairs. Everything is too interconnected via financing

If I had to bet, Auto business is gonna go up first. Big car companies are being slaughtered over here right now and have lost revenue and profits hand over fist, even with the largest monetary incentives to try and get people to buy cars. I think GM is averaging 4k-5k in incentives per vehicles right now

>>133530104
Construction, electrics, plumbing.
Any of these or all of them will stop you from being fucked.
If however you're doing a meme degree...

>>133530638
I plan to do that desu

>>133530104
You're going to carry that weight.

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A live look at the Student Loan Bubble. I can foresee the bubble bursting where Congress will fuck up and cause the interest rate to skyrocket to 9% and people will be unable to pay for it and refuse to pay by withdrawing their money from the bank.

>>133530460
Hard to say. It's going to effect the entire world and every nation is going to have significant economic stress, potentially civil war with the demographic shifts. Or the west will go silent into the night with the people trying to fix things ridiculed for being crazy theorists

>>133527264
Good. Haven't paid by student loans since I filed bankruptcy in 2008, and don't intend to either.

Keep thinking the gubment can rule me, Jews. I'm neet now. And I am stronger than ever.

>>133530104
Depends on the degree and grades (mostly). The more the degree is meme tier, the more the university and grades matter.
If you're going for humanities just stop.

>>133530104
F

>>133527264
Pay debts you shit lazy Millennials!

>133527264
The shit really needs to go down already.

Econ fag here, student loan bubble is nothing. Students loans aren't structured like regular loans because you can't repossess a college degree. To off set this, student loans are inescapable and will basically always be paid off.
Auto loans are the big bubble at the moment and they look really bad. Cares are being bought more frequently, last less time (new models/shoddy spic parts/electronic shit insides/etc...), are paid off over longer periods of time (years), and are obtained without down payments at times. Cars are breaking down before they're paid off, it's a real fucking mess.

>>133527264
How to profit off of the bursting student loan bubble if you have ~$10,000 in cash.

>>133530104
>>133530867
Ignore Construction, that can just as easily dry up like in 08 but shit will keep breaking and need repairs in the houses already built and occupied

>>133527387
Give us a quick rundown senpai

how come libtards think the deficit doesnt matter?

>>133530460
High. Right now it's just people shuffling debt back and forth. The second someone actually says "okay, I'm out of the game, pay me what you owe me", suddenly it's a series of people showing the insides of their empty pockets and the entire economy grinds to a halt. That's why the government gave the banks tax dollars (so they could resume their game of hot potato). If a bubble bursts, be it the car loan bubble, the student loan bubble, the housing bubble again, or even just Illinois going bankrupt... If something fucks one part of the credit industry, the entire thing starts crashing like a series of dominoes.

If you don't have one already, buy a gun before the end of the month and some ammo to go with it. If you only listen to one thing I say, it should be that.

>>133527264
Dont ever pay your student loan debt ever. Tell them to shove those student loans up their kike ass

>>133530104
Come to Austria.

>Free Uni (except medical and psychology).
>Cheap life.
>Everyone speaks English.
>Sluts everywhere.

You could even get some gibs.

>>133531419
>To off set this, student loans are inescapable and will basically always be paid off.

Wtf? If you don't have an income, then you aren't going to pay off the loan.
How is the college supposed to get the money? Do they actually overcharge with tuition?

>>133530104
>tfw upper-middle-class family + CC -> state school
>$4k tuition for the first two years, $12k for the next two
>all of it paid in cash when due
>will be graduating with zero debt and a solid degree from a university rated around #30 in the country for AI R&D

>>133532052
>How is the college supposed to get the money?
the government has already given them the money.

>>133531841
>how come libtards think the deficit doesnt matter

Why in the fuck are you projecting?

Trump is the one cutting taxes on the top 1% and cutting medicare programs to try and cover the gaping hole in the budget it'll create.

>>133532052
>Do they actually overcharge with tuition?
Yes, universities know that anyone can afford them thanks to student loans. It's one of the main pressures behind the ludicrous costs of higher education and the bloating of the university systems.

>>133530867
I second this. If anyone tells you, "it's all about the piece of paper, it doesn't even matter what you study," go ahead and physically assault them.

Student bailout incoming

>>133532120
So basically the college gets the money from the federal government which finances the students?

>>133531419
How to profit off of this?

>>133531174
You can't BK out of student loans.

Fucking larpers.

>>133532295
Someone actually did that.
If only it wasn't my mother... Probably would have KO'd her.

>>133532325
Correct. The college is paid up front and then the federal government has to chase down the student for the loan.

>>133532366
Buy guns. S&W M&P-15's are seriously fucking undervalued right now.

>>133532366
Buy lots of grain and sell it for exorbitant prices to starving people.

>>133532325
yes. and the loans can't be discharged in bankruptcy.

either people pay the loans off, or the government prints more money.

>>133530867
You stupid fuck. The trades got kicked in the nuts so hard the last time the housing bubble burst, they sneezed public hair.

You have to be like, 12 or something, to give shitty advice like that.

>>133531630
Construction is absolute mint for making connections that you may need if you decide to specialise as a plumber or electrician. I agree though, it's typically the first industry to die in the event of a crash.

>>133527545
student loans and housing are two separate things that it guarantees
Basically, as a parent, you are responsible for both of your children, but if one brother uses daddy's credit card, the other isn't on the hook, only the parents.

>>133532023
how easy would this be for a burger
how much capital would i need to get a apartment and do you guys smoke weed there

>>133532528
Out of touch naive motherfuckers...

Of note is that we're getting some new Fed members in the near future. Yellen is likely out, probably gonna be replaced by Cohn. There's also Goodfriend, a massive advocate for negative interest rates.

But Trump indicated by in April during an interview that he wants low interest rates to continue and Yellen went against the Fed board of governors to support that policy just today

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T-t-this won't happen during President Trump's eight years, right?!

>>133530104
Take a six month course at the nearest technical college to get a high paying job at the railroad. You are wasting your time.

>>133532656
Self-employment. Welding equipment is affordable. Plumbers and Electricians also earn money hand over fist.

If you're some schmuck with a degree in communications being paid to shitpost under the company's name on twitter, you MIGHT have less job security than someone with actual job skills.

>>133532741
There's some burgers around here but few, mostly because it's far away and burgers are proud of the American way of life - 350.000 $ debt for a sociology bachelors degree.

You can literally study and live on 800 Euro a month in Vienna an dafford to go out and have fun and such. Sure you're sharing a flat with 3 other students but it's super cheap and gets you a degree.

>>133532764
Isn't Yellen going to keep a slower pace with rate hiking? It seems a good move for the moment.

>>133530867
He could also just join the military and ride this whole thing out for a few years. If he is good enough to learn something in college, he's good enough to be trained to do it in the armed forces for free and get paid while learning it.

Unironically buy guns and Bitcoin.

Fed is about to inflate the ever living shit out the USD to cover everything.

>>133527264
>Reminder that economic happenings take a long time to develop
yeah, typically about 9 to 11 months after 8 years of a democrats regime

>>133532837
In the US you only need a highschool degree to work the rail roads

>>133532798
The economy will crash by 2020, it'll be worse than anything seen before.
Late neoliberal capitalism won't recover.

>>133532837
>Railroad
You mean that industry that only survives through federal money both in the US and Canada?
Very few jobs are safe, and I'm only using "safe" as a relative term.

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>>133532572
>>133532619
This.
>tfw 150% ROI in 1 year on some cheap rifles

>>133533028
Idk, how marketable would an Austrian degree be in US? College is about networking more than anything

>>133533070
We're likely on the cusp of WW3. If you intend to just rake the sand all day, you might be in for a shock once you're out of basic. That said, you could very well end up drafted anyway.

>>133533050
She's doing it just to keep the boat steady before she leaves. She doesn't want to be remembered as having a crisis occur

The Fed's gun right now is out of bullets. Should another major crisis occur they can't really do a whole lot to lower interest rates further. Initially it seemed as though the Fed was hellbent on raising rates this year regardless, but she changed positions on it

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>>133527264
Oh god yes my body is ready

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>>133533097
>about to

>something good happens
All of Trump's doing! Good job Trump!

>something bad happens
OBAMA'S FAULT! IT WAS A TREND!

This problem isn't that hard to solve if Trump/other politicians had the balls to go after the money itself. That "tuition" money ended up in university endowments, buildings, and lavish administrator salaries.

Pass laws allowing the government to "claw back" the money from defaulted student loans. The universities got the benefit of the money - so, make them pay back what they owe. Take money from the endowments. Requisition/sell campus buildings if necessary. Go after the private accounts of current and former administrators.

Instead of moaning about impoverished debtors not paying back their loans, look to where the money ACTUALLY ended up, and go after THAT. This is basic forensic accounting 101 that you learn in a first-week entry-level course: where did the money actually go? Look at the direction of the cash-flows, and proceed from there.

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I thought 2007 was it. Is this it?

>>133533377
With who? China? Russia? Literally never happening. if anything, a European civil war or a India-Pakistan war is more likely.

>>133531551
gold, it usually jumps after or during a crash

but keep in mind the US dollar didn't actually weaken during the 2008/09 crash. Other smaller currencies got fucked over, so you may want to dump some USD into whatever it weak during the crash and then hold and hope that is returns to a similar pre-crash trading rate with USD

>>133533314
It's a fucking standardised degree from a non-elite university and you can sell youself as having experience in foreign nations, HR scum love that even though everyone knows it's a meme.

>>133533579
You don't think you'll be dragged into a war that involves NATO allies? Good luck with that.

This time we get to see China committing the war crimes against Japan, though. So that'll be ironic.

>>133533126
They don't make you take an orientation course? That's dank, nigga.

>>133533601
>SELL US YOUR "BROKEN" AND "UNWANTED" GOLD!

>>133533568
It's been 2007 for the last 10 years, really.
They never resolved the problems, just delayed them Keynes style.

>>133533906
Law degrees have become close to useless over the past decade. You could try becoming a law professor, of course.

>>133533818
They pay to train you and then there's also on the job training

>>133527264
Some bubbles are going to burst in the fall. It's not going to be major though.

>>133533906
>Law degree
only if you're in a top 10 law school, otherwise it's a meme degree

>>133529511
>people even in good fields can't find a job that wants to pay them even a fraction of what they were told would exist for jobs with a degree and instead most get stuck in 30-45K shit jobs and saddled with 40-60K in student loans

high housing costs too
I don't know how any grads can build savings unless they're living with parents or sharing apartments
one couple I know are getting by only because they found another couple and are splitting a two bedroom apartment
there was also some program where a grad could have all of their loans forgiven if they made minimum payments and worked at a nonprofit or economically disadvantaged area for 10 years, this is getting the axe under Trump I think

>>133533147
I mean the intrinsic logistical service that will continue to function in any sort of economic, natural or man made disaster because it is the backbone of the line of supply and communication on this continent. I'm talking about the industry that would see our nation's fall apart completely if it ever stopped working... The industry that is solely responsible for both of our countries spanning two oceans.

You stupid fucking idiot. Infrastructure, especially in logistics, has intrinsic fucking value and will be the safest fucking places there are.

I work on the waterfront and even during the recession, even with my low seniority, I still had a job. We don't all work in meme fields like you. Homo.

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>>133533849

>>133530104
Same bro
But my family can pay it cash because WASP :^) we were never gonna get any help
>Tfw see kids who are the sons and daughters of poor people taking out 5 figures to go to college with 0 idea how to pay it
it's madness but what on earth are they supposed to do

>>133533568
This guy is, unfortunately, right: >>133533911
They're just going to print more and more money. The dollar in your pocket will probably drop in value by half if not more. Foreign governments are only using the USD because you've used military force to make the largest oil producers in the world exclusively trade in it. The Middle East is in disarray, so I wouldn't be surprised if that stopped. The second the Petro Dollar no longer exists, all foreign nations are going to drop it quick and call in their loans. China alone would bankrupt the nation. The only way to avoid paying the loans will be war.

>>133533377
The majority of the armed forces only touches a rifle in boot camp, you fucking idiot. There's more to the job than shooting people.

>>133534399
Stable currency is what is all about, the dollar isn't going to lose value in any way, it would be war before a currency depreciation.

>>133534514
Only if you're damn good and have great connections. You could try joining up with Silicon Valley companies, they might be in need of lawyers.

>>133529511

I work for a bank that issues credit cards and personal loans. Can confirm that the majority of lates seen on a credit report are student loans. Which we as a rule barely care about. I dont even ask people why theyre late on student loans, it happens too often.

Also I constantly see people with 30k+ in student loans. Sometimes 50k+, only the occasional 100k in student loan debt even phases me, if I notice it.

>>133534579
Good job reading the whole post before responding to it.

>>133534498
If you land in a support role, good for you. That doesn't stop millions of people from getting turned into emmentaler and pink mist during a war.

>>133534514
>Even if I want to start a solo practice?
You need probably a decades worth of top tier connections to realistically do that
Law is becoming increasingly useless

Just go learn coding goy

>>133534144
I guess OP doesn't have an excuse not to. If it's that easy, why are they always short guys for shifts?

>>133533556
They should ban tuition waivers for foreign students too. It is absolutely insane how little they actually pay in tuition.

>>133532910
None of that means shit when there are no customers, you ignorant shithead.

My family back east are almost all in the trades. They went from turning down work to no work at all in less than a year - and they're good at what they do.

Just shut the fuck up, NEET. You're wrong, and no matter how hard you keep neckbearding it, you'll still be wrong.

>>133534245
In 2005 I was thinking about investing my meager gas jockey wages into gold just as a place to put it. I figured that gold is gold and it will always be useful for stuff. Some dude, who turned out to be a crackhead by the way, talked me out of it.

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>Tfw was born 2 years too early
>Tfw after student loan bubble pops, the number of people applying to college will cut in half
>The grades I had in High School, because my family can actually pay, would have gotten me into any college in the state
C-can still transfer

>>133530104
Depends on your degree. Alot of the rural and suburban retards on here are overly pessimistic about the value of a university degree. At the same time, if you're going to learn some bullshit degree, don't waste your time and money. Look at me, for instance, I love history, but I just read books in my free time as opposed to spending 4 years learning about the oppression of black women in ancient Egypt.

>>133534879
The war will occur before the crisis, your government isn't stupid. They won't let the petrodollar fall off, that was the meaning of my post.

>>133535155
You fat cunts will always stop up your toilets. Pipes will always break. Enjoy your cushy job while you still have it, us tradesmen are set for life.

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>mfw I recently had my loans all forgiven because I have literally $0 in the bank with no plans on working so they could garnish my wages

Thanks for the free $40k rofl

>>133534879
You made the point earlier that he was likely to be drafted anyway. It is always better to be a volunteer than a conscript. This has been evidenced by facts in all armies in all wars that have involved conscripts.

It is still a good choice for him to join the military willingly and apply for support positions than be conscripted into the infantry with cowardly faggots like you.

>>133535250
My government IS stupid. See flag. Even if the economy didn't collapse, the country would be fucked for decades to come because of his stupid policies.

Seriously: Buy a gun before August.

>>133535250
Alternatively the crisis may convince the oil barons of the middle east to jump to another currency that represents more value than the US$ at that point.
It would benefit China immensely if the yuan took its place.
The American gouvernment would never let that happen.

>>133533556
Funny post, after recalling the article last week that said the top universities are raising tuition to cover the rising costs of maintaining all those new buildings and new teachers.
Remember the riots in Berkeley, last year, because they threatened to raise tuition? (which they did).
Janet Napolitano, the Clinton stooge, is running the CA University system now. Surprise! There's a scandal, involving her, and missing money.

The college ponzi scheme isn't going anywhere, any time soon.

The next step I'm waiting for is for the fed to package student loans as investments, if they're not doing it already.

>>133527264
>that moment when you dream of studying medicine was about to come true
Have you ever felt like you have a bottomless pit right in front of you and the wall behind you keeps pushing?

>>133535486
If shit gets so bad that they're sending off their machinists to war, then we're already fucked.

>>133535505
>Tfw italy has a strict gun policy
>Tfw license costs a fuckton of money

Why even live? I know an ex military who owns 50 ish fully working guns without license, but could get a 10 year sentence for illegal trafficking here. It isn't a smart thing to do.

>>133533097
Bitcoin isnt going to be worth much when people are rioting in the streets and the powers out. Buy gold or extra firearms and ammunition for trading.

>>133533556

If someone buys a bunch of really expensive shit on their credit cards and then declares bankruptcy, does the credit card company have a right to go after the merchants that sold him that expensive shit? No. You have to eat the cost yourself. Universities don't owe anything if one of their students defaults on their loans. That's a deal between the student and the loan servicer only.

>Instead of moaning about impoverished debtors not paying back their loans, look to where the money ACTUALLY ended up, and go after THAT.
Except once the money is no longer in hands of the debtor or the lender, it is no longer lawful to go after it. There was no agreement with the university that if the student defaults, the university pays back their loan. And since there was no agreement, you can't just ransack them for money which is rightfully theirs. It's not the government's money, it's not the loan servicer's money, it's not the student's money... it's money that belongs to the University. You bought a product, you received the product. If you can't pay back your loan, that's your problem and your problem alone.

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Heavy itt

>>133534293
>it's madness but what on earth are they supposed to do
Not go to college.
This idea that everyone HAS to go to college needs to stop.

>>133535867
Build one, then.

>>133535728
I am trying to give solid advice to this kid and you are being a pessimistic little cunt. If you can't offer anything of value, then fuck right back off to your prepping blog. If there is anything I hate in this world it's crab cultured faggots with no ambition trying to drag everyone else down to their level. Just shut up and fuck off.

>>133531419
This is what's happening. Car loans are now the now subprime loan. Put $800 down on a used $18,000 car that will breakdown in 5 years. Great idea.

>>133530104
Do chemical engineering, the behemoth that was DuPont has been broken apart and the individual businesses(Chem Sol, TT, Flouro, Carlyle, etc.) are booming with the stock market and the optimism for regulatory changes to unleash US chemical production. Get in now, if you are not retarded and don't spend all your time on 4chan you will get a job.

>>133534399
Yep. OPEC is not happy right now, with Iran and a couple of other countries gutting the price of oil. I tend to suspect that this may be a covert operation to undermine the power of the House of Saud, who pretty much run that part of the world, and have been meddling far too much in other nations, and also sponsoring terrorism out of the back door.

China does not want any of this to happen - their economy has enough problems, without this.

The next couple of years will be interesting - a war is being fought already at high levels, but it's not a shooting war. Yet.

>>133535867
Despite that, Italian firearms regulations are still some of the loosest in Europe. Just get up and go. Get your license as soon as possible.

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War within or war without?

>>133535687
There are already financial instruments called "SLABS" (student loan asset-backed securities), but that's a very opaque market, and it's hard to tell how many SLABS there are, or how they are structured.

>>133536137
If me pointing out that global fucking conflict is right around the corner is being pessimistic, then fine. I'm a pessimist. But knowing what you're in for is a pretty important part of making huge life changing decisions.

>>133535953
great plan, you and I go to college and get nice jobs and the rest of them can suck it and fix our toilets for the same wage their daddy made 30 years ago
I'll never be asked to make this decision because my daddy's daddy's daddy went to the college I'm going to...
But if I was in a poor person's shoes i'd say fuck it and take out the loans, roll the dice. If it doesn't work you can always just vanish or something. America is BIG.

>>133536021
It is still illegal possession of a firearm. Police can easily get a warrant for searching your house for firearms if they have just the suspect.

>>133530104
>Mechanic at UPS
>$36 an hour
>Kentucky, living like a king

>>133533097
bitcoin is controlled by the fuckin chinese who want to destroy us, the fed is angry trump won because no ww3 to increase our economy like in world war 2. The new plan is one world currency one world goverment through world collapse and world rebalance, in theory that is well that one economist magazine "get ready for a new world currency" this released back in the 90s or 80s it showed "the phoenix" as the world currency the only one who made a new currency is china with a gold backed yuan so a new world shift may happen if we collapse.

>>133534514
There's too many lawyers already on the market, and too many in the pipeline.

A law degree is good for getting higher level jobs - graduate, but don't take the bar exam.

Salaries in the law field are plummeting. Unless you're hired right out of school at the top firms, you'll make an okay salary, but you'll work a lot harder than a schlub making the same money sleepwalking in the marketing department.
Solo? Depends on how good you are, and what kind of law. Again - the market is stuffed to the gills with lawyers.
You should only go into law, if you actually have a passion for the law, not just for the pay.

>>133527264
The Student loan bubble can't burst, because you literally can't escape the debt thanks to the law being amended in the 90s because fuckheads would graduate Law School from Harvard, then cry about how they couldn't pay denbts, and then afterwards actually start applying for jobs and make 120K.

The only sane way to stop it is to allow loans to be discharged again, and the fucking meme degree mills will die out.

>>133536537
If shit gets so bad that you're shooting looters in the face, I doubt the cops are going to be your biggest worry.

>>133527264

It's not very likely to happen. Even if you take into account Trump's exceptional idiocy, Obama policies created very robust and retard-proof economy.

But even if the crash will happen then the next President will undoubtedly fix things again. Democrats always have to salvage the economy after RepubliCAN'Ts. Clinton had to fix things up after Reagan and Bush Senior, Obama had to do the same thing after W "accidentally did the whole economy" in 2008.

Remember children: Democrats always deliver.

>>133535877
That's such a cucked way to look at this whole issue. The universities = run by scheming corrupt Boomers - used "students" as conduits to funnel aid money to themselves while supplying degrees that turned out to be economically-worthless in terms of repaying the debt.

There are all kinds of false-advertising and "contracts of adhesion" problems with that, and clever lawyers could build a clawback case fairly easily out of the current fact-pattern. I'd do it myself if I had more time or someone paid me to conduct the research.

>>133536461
um, wasn't that exactly what happened with mortgage backed securities?

>>133534737
Good luck with that - a lot of the VC guys are lawyers, or bring their lawyer friends in with them. Silicon Valley is INSANELY insular and inbred, making headway there as a fresh grad? LOL. Okay. But I know you're just pulling places out of your ass, where there's money. You might as well say Manhatten, for all the validity your post has. (ie. none)

Every time I see one of these shitty threads I always see LARPers yelling

>Muh trades
>Muh apprenticeships
>Muh working with your hands

Has anyone here ever actually seen a plumber, an electrician, a welder, a HVAC guy, or anything similar driving a nice car or living in a nice house? No, because the people who do those things were too dumb to do something better and are usually lower middle class AT BEST.

Think about it.

>>133536381
Not really, before getting your gun you have to fill in tons of shit paperwork. You have two distinct licenses for carrying around and possessing a firearm.
You have to own a separate locking room for the gun.
You have to pay a fee for a shooting range membership or you'll lose your "sports gun" license.
It's a mess, trust me.

>>133536510
For 72 years, the threat of WW3 has been hanging over our heads and nothing has happened. The threat will always remain. Sure, keep up on it and have a plan for when it goes south... But you still need to live your fucking life. Don't piss away opportunities because something may happen. Something has always been around the corner the frequency of warfare breaking out between two states was even higher before the atomic bomb and people still lived their fucking lives.

You can die at any moment. This has always been the truth. Get over it and be as successful as you can be... Or continue to wait for the happening in your mom's basement.

>>133535449
And get paid with WHAT, when the bubbles break, and they're broke?

Guess what gets REAL popular in times like that? Self home improvement.

Just shut the fuck up, you silly fucking cunt. You're clueless.

>>133536927
I'm a mechanic who lives on a farm. My neighbor is a HVAC guy who has a 2016 F350, JD tractor, several cars, nice house and 20 acres.

>>133527545
mommy and daddy's mortgage

>>133536714
If that happens you're going to prison for 20+ yrs for murdering someone and having an illegal possession of firearm.
Self defense laws are currently fucked up, if you kill an unarmed or knife wielding trespasser with a gun it is considered "excessive self defense".
In any case, the trial will last 10 years and more.

>>133536903
Chattanooga is probably a safer bet. Cost of living is way lower, too.

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>>133536726

>Remember children: Democrats always deliver.

And they're less corrupt

>>133536516
A large number of western millionaire entrepreneurs are university drop outs. They don't see the value in a degree either.

>>133535602
China is too shaky as it is, to become a reserve currency - plus, the whole "reserve currency controlled by Communists" thing.
The petro-dollar isn't going anywhere, not in our generation. If there was a currency that was more stable and trustworthier than the US Dollar, they would have fled to it years ago. There isn't one.

>>133536927
And when the world goes to shit, they'll have the skills to still make some money.
An English translator is fucked.
An art scholar is fucked.
But while text and nice paintings get dropped as a priority, everyone needs a toilet and everyone needs nice wiring in their house.

>>133537078
The "opportunity" you're suggesting, if he lands in anything but a support role, is going to SUCK MASSIVE BALLS in the high likelihood of being dragged into a war in the next few years. If you really want to make yourself unlikely to be sent to war, learn something that is used in the manufacturing or upkeep of military equipment.

>>133534399
>will be war.
Which we will win easily. Only russia would be a threat but we are trying to get them on our side.

>>133537438

Sorry to break it to you, but the world isn't "going to shit" now or ever. That's just a line that merchants feed you so you'll buy their water filters/doomsday arsenal/etc

>>133537397
the problem is that everyone is done with the fucking dollar, and signing a new world bank with the chinese

>>133537328
They're also geniuses driven by success who practiced their craft for years and years before even going to college. Preperation meets opportunity meets motivation. Nobody who wastes a Thursday afternoon on this site fits that criteria.

>>133537438
>everyone needs a toilet and everyone needs nice wiring in their house.
I think you might be surprised man. The economy where I live is good and for some reason all the homes they build are made of horseshit from the foundation to the shingles. People are cheap as shit and only get cheaper in response to economic hardship

>>133536927
I know lots of guys with expensive cars, investment properties and investments. I'm probably worth more than you. I don't drive an expensive car because it is a depreciating asset that leeches capital away from better investments that will earn me more money.

Only plebs view status symbols as a sign of success anyway.

>>133537316
uhh, if all the republicans have prison sentences why are was only one of them actually impeached?

Seems like this might have been made by an "educated" individual who definitely did not have any agenda whatsoever when he made that,

>>133535505
I dunno about that exactly. You are very close to us we would probably use force to make you not do something seriously stupid. You would never get invaded that's a for sure.

>>133536950
Trust me... I have those same onerous requirements and I have 14 guns. Just get it over with. You're making excuses.

>>133537860

You probably are worth than me. Not everyone with a fancy car or house can afford it, and I didn't mean to imply that having such "status symbols" demonstrate actual wealth.

My point was that people are quick to abandon the education system for "just become a plumber" when that's not a well thought out plan IMHO

>>133537661
Europe is likely going to be a collection of civil wars (Czechia, Poland, Hungary, probably France), China is going to be expanding hardcore (Especially towards Oceania), as is Russia (Have fun with that, Finland). Too many fronts, too many players. It'll be a shit show.

>>133536767
Yes. The "financial crisis" started when the mortgage derivatives and other securities blew up, not when the mortgage market itself dipped.

>>133537583
You made this about your nightmare scenario, not me. You are harping on about pink mist, not me. The odds of landing a support role if you score well on your ASVAB are high and you will be safe in all but the most catastrophically bad situations. Even then, you don't join the military to be safe... You join to serve your country and in exchange, you learn useful skills. If that so happens to be during an economic recession and you are spared the worst of the hard time by having guaranteed food in your belly, a roof over your head and no debt, so be it.

>>133537926
I'm not overly optimistic about that. Canada has far too many natural resources not to be a target. Russia likes to play games of cat and mouse sending bombers into our airspace over the north pole, only for us to send interceptors and escort them back to Russia.

>>133534144
>>133532837
what do you actually do on the railroad? nobody is out there hammering steaks anymore.

>>133538490
>stakes
im not that big of a faggot

>>133536726
>Obama policies created very robust and retard-proof economy
BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>133538142
One of my former landlords was this Indian guy working for Bombardier. He moved to Canada and was SHOCKED by how much was in his paycheque, so he purchased a huge fucking McMansion, only to realize that the cost of living is insane and you have to pay taxes on everything. So he has a 12 year old Mazda 3 and his house is basically unfurnished. He also doesn't maintain it so there's black mould growing in the garage.

>>133537850
Only geniuses have any business being near a college. It used to be that being accepted to a university was a sign of intelligence. Now you are arguing that it is a good place for mediocre people to go learn skills on the off chance that they may end up being an exceptional genius? The normies have no business being there and it's the whole reason this bubble exists to begin with.

>>133530867
yeah toothpaste that is shit advice. To be a licensed tradesman in the U.S. now you need to go to college or you won't be granted a license in most states. Even if you do you'll end up getting underbid every fucking time by illegal mexican crews with endless labor that works dirt cheap. Trades are a fucking meme now

>>133538192
We would keep japan we would maybe loose korea if china did in fact fight there. Also india is our ally so they would have one hell of a ground battle if china fought.

>>133536759

Whether they are scheming and corrupt is irrelevant. The question is: did they break any laws? I doubt there's much to be said about false advertising; universities are careful with their words. They don't say they'll guarantee you a job, they say that in the past, X% of their students got a job within Y months. There is never a guarantee that you will be able to use your degree to pay back your student loan. And yes, it is a contract of adhesion. But strictly speaking, you have a choice not to agree to it. Students have not been lied to; they have misinterpreted what they were promised and made poor decisions based on it. It is solely their own responsibility to pay back the money that they borrowed.

Realistically, the best solution here is to stop government guaranteeing student loans and allow for people to declare bankruptcy on their student loans. It should be blatantly obvious by now that these loans are not going to get paid back, and continuing to allow students to borrow money that they won't be able to pay back once they get their degree doesn't benefit anyone. Suing the universities will do nothing but waste everyone's time, because for what it's worth, they held up their end of the bargain. In exchange for money, they gave you an education.

>>133538549
Your body is clearly just craving protein/B12/iron.

>>133527264
>Donald Trump's proposed budget

Any president's budget is irrelevant.

The House of Representatives controls all spending and taxing

>>133534164
It's going to be hella major you retard. Stop listening only to Jews.

>>133536927
I have several family members in the trades, who do very well - but they're union.

Most of the service trades, like plumbing, have been taken over by illegals and arabs. The last time I had to call a plumber, for my mom at her house, the guy who showed up couldn't speak english. I have a couple of cousins who run the construction company my uncle made, and passed to them when he died - they're very well off. I have family in the electrical trades, housepainting, general contracting, and one who drives a cement truck. None of them are starving, but they'll tell you right away how illegals and arabs are gutting the business, undercutting everyone, and then doing a shit job.

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>>133538742
India is a shit show during peacetime and they're going to be pretty busy fight Pakistan and other Muslim nations.

Pic is their military rifle. Yes, really.

>>133538142
If you learn a trade you can start a business. If you apply yourself and work hard... You can get multiple houses, investments, dank cars and a sexy wife. It offers the same opportunities in a different way. Except that trades and industry are not over saturated... There is more opportunity for a smart, business minded person, to make money.

>>133537438
And nobody has any money. You're fucked right alongside them, you dumb fucking cunt.

>>133537762
The Chinese will never be a reserve currency. Not everyone is "done with the fucking dollar", it's stronger today than it was a year ago.

>>133527545
Parents often cosign a loan

>>133538730
It's not just mexicans, it's arabs, too - they'll make a company, stuff it with their family members, then underbid everything they get their hands on, and do the shittiest possible job, using the cheapest materials. Then halfway through, suddenly discover they need more cash to finish. They're fucking roaches.

>>133539249
You can still barter with trades.

>>133538490
You drive trains, fix trains, repair railroads by pounding stakes, do labor in rail yards, plan the movement of cargo... It's a big industry with lots to do.

>>133538728
Who are you and I to tell people to do things NOT in their self-interest purely to fortify a class structure in which they are miserable?
If only an online thrashing from a Canadian poster on 4chan could convince a poor kid from rural NC that he's better off not going to college, you and I could be the intelligent and wealthy kings of society.
Sadly that's not the case

>>133539780
No, you can't.

>>133527264

Well eventually you reach the point where the amount of degree holders far outweigh the need for degree holders. You see that now. Fucking entry level shit tier work requiring a 4 year degree for $12/hr work.

4 year degrees should be reserved for the top 10% of intellectuals...the really smart people...as well as people who are entering top tier professional level jobs like engineers/doctors/surgeons/lawyers/scientists ect. The rest should be either job training (anyone remember when companies actually took the time to train someone beyond shit videos and a speech from a personal motivator?)

We have devalued the real need for college education by considering it a right for all, regardless of ability. Now we are a nation of business/communications/liberal arts degree holders with $40k+ debt looking for $60k a year jobs that dont exist requiring that knowledge. Meanwhile weve gutted vocational education, made those jobs look like work for peasants and immigrants...


Eventually enough people are going to go belly up on their $40k debt for college because they ended up getting a $40k a year commission based sales job, or retail.

Then we post on 4chan "why arnt millennials buying homes?" like its some goddamn mystery.

We need employers to be willing to train for jobs that are simple but require practice, rather than fishing out a degree holder and hoping they can hit the ground running. We need more focus on getting highschoolers to ignore the univerity 4 year party/drinking/sex degree and get a vocational certification. We need to stop the employer requirement for experience for entry level jobs that shouldnt require any (if anyone has looked for a job in the last 10 years you know exactly what i mean)

Someone will come along and save the college partiers who work for less than $50k a year who choose not to pay it back, fucking over those responsible who sacrificed and paid it back. Unfortunately this is the direction of our civilization.

>>133530863
>If I had to bet, Auto business is gonna go up first. Big car companies are being slaughtered over here right now and have lost revenue and profits hand over fist, even with the largest monetary incentives to try and get people to buy cars. I think GM is averaging 4k-5k in incentives per vehicles right now

New car sales are dead. Last year the car companies did well, but this industry is very cyclical.

I recently bought a new Chevy over Memorial Day, as all dealers were giving cars away with 1% interest and free blowjobs

>>133536927
Are you retarded? I do electrical work in a small rural town in Central IL and I'm making fucking 90k for the second year in a row because I have no competition. You're a mong if you have ESSENTIAL skills and make less than 60k a year. Get a fucking business license, scope out cities that need your skills and go make a fucking profit. Capitalism is that easy, only retards are broke.

>>133539947
>Can you fix my roof?
>Sure, for this amount of food/ammo

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>>133534399
>drop it quick and call in their loans. China alone would bankrupt the nation. The only way to avoid paying the loans will be war.
You're a fucking retard who doesn't know what he's talking about.

>>133531841
>how come libtards think the deficit doesnt matter?

Most have never DEALT with personal finances or budgeting or managing resources. Think of them as adult children. What kid thinks of debt/budget?

>>133539904
Peer pressure is a wonderful social tool, Chaim.

>>133533775
>China v Japan
Nice one; lets hear all about China's vast air superiority capabilities and extensive history of amphibious invasions.

China doesn't have the tools or the knowledge base to pull off either. Their military is dogshit and everyone knows it. US Military is a well oiled nation state destroying machine with nearing on 80 years of constant warfare. It's hard to find a unit that isn't 1/3rd combat veterans at this point. Even the units in theater already are capable of styming a Chinese invasion. By day 4 or 5 so many fighter aircraft and bombers would have flown from base to base as to be a fucking swarm of locust devouring the countryside.

>>133532764
If you have foreign owners who tell your government what to do then you probably should have low interest rates.

>>133539772
indeed, either way they are absolutely decimating the industry. There's also countless guys who seem on the up and up that are nothing more than sub contractors who take the clients money and then hire the shit crews and all but disappear

>>133535078
> schools keep jacking up tuition to pay for stupid bullshit because the feds are subsidizing it all
> "they should raise tuition"

>>133540453
Explain to me how this might work practically.
>An elevator repairman and a hairdresser find out their kid is applying to college to study computer science
>They become furious
>They explain how jobs that aren't miserable are for families not like theirs, and he should feel ashamed encroaching on that territory
Or are you suggesting you and I patrol campus beating up people whose backward habits indicate they have no place there? It sounds like a wonderful time but I don't think we'll accomplish much besides getting expelled

>>133535876
People are constantly rioting in the streets, look at any black city in the US. Hasn't affected the price of Bitcoin in the least. The whole point of it is that it doesn't see borders, it doesn't give one shit if the US collapses.

>>133540516
We could take out a big old chunk of China's military infrastructure, with cruise missles off subs and carriers hundreds of miles offshore.
China has vast numbers, that's all. They're untested and a lot of their tech is more show than go. Their general staff is completely untested, and their troops are conscripts.

But here's the thing: China isn't looking for a war with us. They want to join the first world, and their people, now that they've tasted capitalism, want more. The Communist Party is on very shaky ground, in terms of it's long-term survival. If they start a war with us (or warhawks like Hillary or McCain start one), they lose all those factories we built, they lose all that trade, they lose a LOT of food being imported, and the wealth of the nation will be destroyed. Millions of people will starve, and be penniless. The government knows, this is not what they want happening, because it means the end of Communism in China (which is on it's way out, long term, anyway).

War with China is interesting to think about, theoretically. But they'd have to be forced into it. They're not nearly self sufficient enough to have their economy shut off from the west.

END FEDERAL SUBSIDIZED STUDENT LOANS.

They're bullshit. They allow far too many people to go to college. The excess of college-educated people has only devalued education, to the point where a HS diploma is worthless and a Bachelor's will barely get a job your forefathers worked straight out of highschool. And because the gov't pays for everyone's college education up-front, colleges are able to get away with charging higher and higher tuition, because no one has to bother paying for it directly up-front (this is similar to the reason why insurance causes healthcare costs to rise, by the way).

Fuck student debt foregiveness though. I busted my ass off working through college and then living like a pauper afterwards so I could pay off my loans. And then these other lazy cunts who didn't do shit, spent 60k on basketweaving degrees, hookers, and blow, and think they should just automatically be on the same footing as someone who actually suffered to pay their way through? Fuck. That.

>>133528406
(((they))) basically want you to die young, since when babies are getting popped out (((they))) make money, but they don't want babies or marriages to last, so they can get more money you getting re-married and not paying you pensions. Of course fatties help too in corporate greed, they pay more for medical procedures, die faster. Then lastly we have Mexicans, which pop out babies and are fat. But that's all and good for corporations to make money, but who is producing natively or even paying enough tax? Only benefits the rich people, not government.

>>133540721
That's why my family do well - they have reputations that they've built over decades, and they do a great job, and great references. They charge more, but when people end up calling them, after Habeeb and Juan fuck up their plumbing, the customers are thrilled with the quality they do.

And they got hurt bad, when the last housing bubble burst. Like everyone else.

High tuition is socialism in action.
As a white person there are no scholarships for you unless you're dirt poor or a genius olympian.
The reason you're paying $20k for college is that you are covering 1 or even 2 minority scholarships in addition to yourself.

Good thing I got my financial aid for this semester. Half of everything is covered by Grant money but the rest is federal loans. Only 3 semesters left for my cs degree

>>133527264

Reminder that Trump inherited a mess, and it's shit like this he was talking about

>>133530104
I just helped out my 90 yr old neighbor today with some yard work. Dude has been working since the 40s with a wide variety of skills. Took 1 year worth of welding classes and has been happily retired without any debt for a while. Fuck college...you can learn anything you need online. If you want a Lab STEM degree you should take classes, but you can learn any math/CS/etc courses online easy. Get a trade. It is respectable and you will be free.

So what does this mean for those of us with student loans who haven't paid back one red cent?

>>133527921
>Rising healthcare and education costs will destroy the American economy.
Only if we keep letting the government transfer shekels right into Jewish pockets.

>>133541603
>Fuck student debt foregiveness though.

Look at the latest CDC report on the US birth rate. It is at historic lows, particularly among white women. The student debt burden is a big reason for that.

As much as you'd like to punish debtors for being idiots and taking out loans, you have to be realistic - this is a systemic problem with social effects well beyond the loans themselves. We shouldn't sacrifice our demographic future in order to stick it to young people for taking out educational loans.

>>133541085
Whoever pays full cost is paying for those foreign fuckers getting a free ride, dumbass.

>>133542017
That's a part of it. Another part is that the universities can simply get away with charging more if literally everyone and their dog can get automatically-approved student loans and not have to worry about the immediate costs. When everyone just says "pfft whatever, I'll pay those off in 5 years after I graduate, w/e" the cost is pushed further away past people's time horizons, and it allows the unverisites to get away with jacking up the costs.

Costs now are fucking ridiculous compared to what they used to be. My parents were able to work their way through college with laid-back part time jobs. So when boomers give bullshit advice like "just work hard and pay your way through college" they genuinely think this is still the case, because that's how it was for them.

>>133531174
You should be drafted. You and many others. That's how you solve the bubble. Want a surge in Afghanistan, send student debtors there.

>>133538234
The derivative payouts eventually come from the mortgage payments. They started shitting the bed when the payments stopped coming in. Of course the "mortgage market" wherein people would convince homeless people to take out massive mortgages which are immediately sold stayed healthy, that market had zero relationship to the quality or soundness of the mortgages themselves.

>>133541454
Occupying China would be a retarded waste of time but between our navy and our airforce we could glass their infrastructure easily. And remember inland China is pretty fucking empty for the most part since it's all mountains/desert/shit farmland so all we'd have to do is decimate the coastal cities.

>>133539904
>Who are you and I to tell people to do things NOT in their self-interest purely to fortify a class structure in which they are miserable?
If you're a taxpayer then you're directly paying, at gunpoint, for colleges, you have every right to tell people not to do it.

>>133542515
>Whoever pays full cost is paying for those foreign fuckers getting a free ride, dumbass.
Just like current college students are paying for everyone before 2002 to go to college at 1/10th the cost?

>>133535947

most people to go college to FEED THEIR FUCKING EGO

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>>133531971
What a nigger attitude.
>Enter into a contractual agreement
>Borrow tens of thousands of dollars
>Don't repay your loan
>Expect nothing of consequence to happen

>>133538730
Trade school is a college.

>>133542674
I know how to solve housing bubble = Communism. You sell it to your own people, there's just one problem, government already tried that by increasing prices, kind of like selling it to people without asking them if they want to buy. How to force people who are in debt to buy government? Another problem is that they don't want people to own government, just charge them money with inflation. They actually want international rich people to own debt, since this way they control the government.

>>133542274
Nothing.

You just owe more interest.

>>133527545
If investors are bundling student loans with mortgage backed securities, housing could fall along with student loans.

>>133527786
>That bubble can't burst, you can't walk away from your loan like you could in the housing market the government over inflated.

those idiot students can turn to the underground economy and never repay their debt though

>>133531419
I will never understand why people buy new cars.

>>133543792
>I will never understand why people buy new cars.

shit stains and subhumans

>>133543546
If these bundles form a significant part of the mortgage market, the result of their prices falling would be a decrease in the value of mortgages. But this would create an arbitrage opportunity for anybody producing ordinary MBS which would correct, and the effect would be that the bundling just came undone.

>>133543493
>$15k over 3 years
>2 years after that somehow $30k
The interest is killer.

>>133543295
Do they even have colleges where you're from

>>133543913
You have a 41% interest rate?

>>133531853
We will just bail them out every time. Shit wont hit the fan until our dollar becomes worthless. If it's worthless, we can't bail them out. Our dollar will die eventually, I just don't know when.

>>133544000
Im not sure exactly, I could probably find the last bill the sent me if you are curious.

>>133543990
Weren't colleges first invented by Christian kings? So Poland is there with the oldest ones. Communists of course demolished collages for obvious reasons.

>>133531551
Short $F, they are the furthest behind in electric and automated cars.

>>133527264
You're welcome

>>133531013
this is exactly what I do

>>133535486
can you still be drafted if you haven't returned your selective service papers

>>133543792
Warranty.
If you build a good relationship with the company (going to the manufacturer branded dealers for maintenance/repairs), they will bend over backwards to help you.

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How does a student loans form a bubble? Much less burst?
Cant into economics but i know student debts are the only kind you cant get out of. What happens when it pops? Your still paying the bill.

>>133527264
Zero Hedge right at least 2x a century

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>>133531263
soon, why pay?

>>133544469
>People put money in bank for safekeeping
>Banks lend that money out to students, only keeping 10%
>Students can't pay back that money ever
>People eventually want to withdraw money
>They can't
>Bank runs, FDIC has to foot the bill, chaos ensues.

>>133535470
how do this?

>>133544469
It's maximum greed, if they employed those collage people in their profession like they promised this wouldn't even a problem.

>>133531263
What's the point of paying off college? What are you going to do? Take away my slip of paper that says I've sat in a chair for 4 years?

>>133534222
good. sounds like they're not producing a whole lot and don't deserve shit. i work just as hard as everyone else to pay off my 20k loan. I just wasn't a fucking idiot about where I went and what I got my degree in.

>>133543354
>work job that pays cash
>hide income for 10+years
>can't collect what I don't have
>buy everything with cash

If you don't have "assets" they can't take shit. You know damn well this system needs to die, some of us decided to help it along.

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>>133527264
Nice to see cracks finally forming in the welfare state, you can't just spend what you don't have forever. Hopefully governments realize this before the whole thing comes crashing down

>>133530863
Yep, Auto first. it will be the 08 bailout ll over again. Mke taxpayers take responsibility for their fuckup again, or let an entire manufacturing sector fall.

Next will be the malls, starting with their main attractions like Macy's and Jc Penny, and when these go down, which they already are, there will be no foot traffic for the smaller stores. Entire malls will be closed (already happening).

With all these empty buildings there will be a freeze in construction.

Meanwhile banks are overleveraged, hand in hand with stock market, both will get hit soon.The longer they put it off, the harder the fall.

Cental banks are financing the fake bull market; buying huge amounts of not just bonds, but stocks! Every time yellen talks, the ECB and the Fed, Swiss NB, French pump huge amounts of money into the S&P, holding up the stock market Chinese-/BOJ-style. The other thing they're doing here is hlding down gold/silver, they buy in every time the market goes up, and huge selloff every time it starts to go down, to hold off the exodus from USD/stock. This is why Gold and Stocks move together now. And there's speculation that they are pumping gold out of America by the ton.

This will lead to full state takeover/communism, or state collapse. Also, gold will sky rocket, after we sold all of ours on the artificially low market.

Municipal governments are going bankrupt, too, it isn't just Illinois it's California, Connecticut, Kentucky, Maine, THE STORM IS COMING.

>>133532073
better learn mandarin mate

It's almost as if government guaranteed loans are a horrible idea. It's literally the same thing that helped with making the housing bubble that burst in 2008 - government guaranteed garbage loans.

>>133545084
What good is it that you educate 200 managers when none of them becomes a manager, none of them creates a new company and all of them get employed by existing corporation? You produced nothing, only enlarged existing corporation aka salary of megaboss. Now they even got illegals, so they aren't even enlarging the corporation by healthy ways.

>>133527264
It barely matters. If it bursts the banks will just cry for another bailout at taxpayer expense, and they'll get it.

>>133544699
If that's the case, then the loan distributes are fucked. All those worthless gender studies degress will doom them.
>implying they won't get ((bailed out))

>>133528121
The banks make money off these loans. If you pay them back they get the interest and if you don't the government covers their losses.

>>133527786
You can't garnish someone's wages if there are no wages to garnish. We're one serious economic crisis away from this blowing up.

>>133545290
Sadly this. It isn't going to change without someone breaking shit.

>>133545925
That's just second phase, first phase was ruining the environment of previous 'Merica where you could retire faster, buy easier. Now they ruined collage by just selling collage, but not employing people in that profession. Now they want to fix all things at once.

>>133546142
>Now they ruined collage by just selling collage, but not employing people in that profession
Who the hell is "they"? Are you schizophrenic? Nobody is promising to employ college graduates, least of all the schools themselves who are selling degrees.

>>133545290
>>133546134
Found the niggers.

You took out the loans. Pay them back.

>>133546306
Obviously they should promise them if free market ain't working.

>>133532719
There's a new incentive being pushed to roll over your student loan debt into a mortgage, something Sallie Mae is offering I believe.

>>133545377
Partially this.
It's so bad, the only way to fix it is the crack-up boom.
Abolish welfare and the state, and these things wouldn't happen. And if they did, it'd be on such a small scale. The scale of at most a few businesses, not an entire international circlejerk between most major and several minor countries of the world.

>>133545377
We have more than enough. The problem is that a very small portion of the population is hoarding it.

>>133545869
This, the only thing that will actually change anything is when we start getting hyperinflation that will make normal life impossible. That was the impetus of nearly every revolution and regime change in the modern age. If the normie masses are still able to buy chips and watch niggerball with the expectancy of being able to get the next bag at the same price and watch the next game at the same time of day, nothing will happen.

>>133546643
If you abolished all government sponsored schools, welfare, development, agriculture you would only add around 200 billion each year.

>Studying a free electronic engineering degree

You wouldnt mind me dropping by with a H1B ?

>>133547242
Then shut down all the alphabet soup agencies surrounding those (there's a lot), and liquidate all employees. Then begin privatizing functions of the government.

If you don't want to abolish the government in its entirety, then at least privatize what you deem "possible to be handled by the free market", and deregulate as much as you are physically able.

>>133527786
I know guys who've gone over 10 years without even looking at their student loans. They just constantly dodge all forms of contact from Sally May and they just can't touch them. One guy makes a decent 50k/yr living and rents a nice apartment, walks to work, has decent employee benefits and plans to ride it out for the rest of his life. He has no need for the use of his credit record for the foreseeable future, he's only fucked once he's unable to work for whatever reason. But yeah with thousands of people like that not paying a penny of their loans for decades this shit is seriously unstable.

>>133536927
Trades here make good money, and trade schools are packed with disillusioned university graduates

>>133533556
The colleges are eventually gonna fail. I'm sure that everyone I know who is graduating/ already has are gonna think twice before we send our kids to college.

>>133541660
my uncle runs a similar business and from time to time I'll help out when I need extra cash or just want to get away from the wife and kids. I've also seen countless jobs where people end up calling after their discount home remodel has been half finished or finished and is falling apart because it's shit. The last job I helped on that was a mexican fuck up was a remodel where they didn't even screw in the fucking drywall they literally just put the sheets up with a couple nails and then puttied it and painted. The walls fell down like a week after the shit skins left.

>>133527264
I have about $60,000 in student loans, I don't pay them and never will pay anything, because I can't get a good job so fuck it.

There are a lot of financial entities tied to speculating about student loans, just like anything else. So basically, if everyone juts suddenly agrees not to repay all together, then the student loan program is destroyed and we're free.

Don't pay. Being more educated than other people is our right as Americans.

>>133547616
Thats me desu, but with a pretty small government loan. I know I'll never own a home or have kids unless the happening finally actually happens and I somehow manage to survive it so why care?

>>133539878
Oh Jeez, I've always wanted to work in a choo choo train.

https://www.youtube.com/watch?v=1hlNXtMUYCw

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>>133546337
>not wanting to out Jew the Jew
found the kike

>>133544429

Better to do that with a secondary mechanic with experience in that kind of think.

Friend has a jaguar and his mechanic is from England, used to work at the factory. Saves a shit ton compared to dealer.

And gets to test drive Astons

>People in this thread have loans while I get so much gov benefits that I invest half of them

How common is it to take student loan and invest it in stock in US?

>>133547509
You don't get it, if you remove all government sponsored schools, welfare, development, agriculture, health and raise taxes you are still not solving the problem. Your annual deficit is over 1 trillion.
http://www.usgovernmentspending.com/federal_deficit_chart.html
>gross federal debt increased by $1400 billion.

Even if you increase taxes, remove all government sponsored schools, welfare, development, agriculture, health AND increase inflation(which already happened) you aren't solving deficit, not to mention debt, since that has to be paid back.
Furthermore even if you have no deficit you can still increase debt, mr. Shekelberg simply sells your 'Merica or government to foreigners and voila you have bigger debt. Who says foreign ownership is limited to government?

>>133548227
The federal government is on the hook for the loan. If you wanted to out jew the jew, then you should have paid your tuition in cash like a normal person.

>>133535210
>Depends on your degree

Dude, me and a friend have engineering degrees and MBAs. Another has a undergrad STEM degree, an MBA and is trying to get into Med school. Degrees are fucking useless unless you know someone who works at a company that CAN get you a job.

The only people that I know that are doing somewhat okay are the ones with accounting degrees and eventually AI is gonna catch up to replacing them.

>>133547915
the glue is fucking good these days screwing isnt really necessary
maybe it doesnt work in certain climates or they were too stupid to use the right stuff

>>133538427
Canada has the most unexploited natural resources in the world desu. Diamonds, rare earth minerals, the collection of god only knows how much valuables under the arctic ice, lumber of course, oil, and one of the largest supplies of fresh water in the world.

Come war, we're either fucked or rich. Probably fucked.

>>133533028
How can I bring my car with me?

>>133547870
The smaller ones will likely die, but the prestigious ones will survive. Institutions like that work to cement our social order and groom our elite. Harvard has an endowment larder than the GDP of Bolivia. There will just be a greater disparity between the the uneducated, lower classes and the educated elites.

Zerohedge is a mistake

>>133545404

State takeover, yes. Not exactly communism friend.

You think the Trump/Hitler parallels are a meme?

Hail Victory

>>133527264
kek, Trump can't even cut deficits by half as much as Obama did. What a loser.

>>133545869
no they won't, they will be broken up

trump already talked about this and the treasury secretary is in favor of it and has been for decades, you fucking mongrel

now show your god damned leaf

>>133548326
It's more common for idiots to take loans and blow it on weed and rent.

>>133548524
>18 year olds having 40k to 100k in cash
what fucked up reality do you come from faggot? Maybe the school system shouldnot be forcing these gay kike schools on an entire generation

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>>133527264

>the US tax payers are going to end up paying for sports stadiums and scholarships for black people

>>133545084
this isn't about the ethics of not being able to pay back loans, this is about government policy and the shitstorm that's going to happen due to a bubble bursting
a lot of grads get 45k/year jobs, but they're jobs in major metropolitian areas because small cities have suffered while all the growth has gone to the major coastal centers

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>>133548499
I don't think you fucking get it.
I want the government gone in its entirety.

What I said is, if (You) want to help (there is no cure, only a short-lived treatment), and keep the government in place, gut as much as functionally possible, and privatize the rest.

That'll delay the inevitable for at least a decade.

>>133548878
Tuition at a community college is 3000 a year. If you work part time you can easily pay living expenses and cover tuition for your first two years. Assuming you just pay living expenses while finishing your last two years, you'll graduate with 10k in debt.

80% of the 40-100k in debt you idiots gave is money spent on rent and food. It's absurd. You shouldn't be taking out extravagant loans just so you can have the "college experience" wirhout the "inconvenience" of a job.

>>133527786
>you can't walk away from your loan
Only retards believe this. You can walk away same as any other loan. You still owe it and they can seize your fed tax return but you can just adjust your withholding to make sure there is nothing left.

After 7 years it goes off your credit report same as anything else.

You may still technically owe it but they can never collect because collection costs are way more that it is worth.

They will threaten you with shit but once you dodge them for a while they give up.

Fuck you to anyone saying not paying back the loan is hurting the bankers. They'll be bailed out in some form or another. You faggots are hurting the tax payer and should be gassed with the bankers

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>>133530867
Holy shit! These people really did fall for the college meme.
>>133532656
>>133538730
>>133531630
No ladies, you will do perfectly fine even in the worst recession if you're actually good at what you do. There will always be some kind of work for you out there. Just because a recession may slow new home building there will ALWAYS be MRO.

Infrastructure is constantly failing. Municipalities always seem to have just enough money to fund projects when repair is needed or some envirocuck politician decides to spend a billion dollars on some horseshit.
>Frame
>Plumb
>Solar
>Waste collection
>Masonry
>Electrical
The list goes on. Get your hands dirty and be proactive. You will make a fortune.

>>133548260
I know a guy who works at Mazda and they will do shit for free even if you're outside of warranty if they can see regular maintenance on file (which will only happen if you go to Mazda dealers for it). They're good people.

>>133549236
>after 7 years it goes off your credit

That's false. Outstanding debts stay on for 10 years and can be renewed at 10 year intervals forever.

They'll start garnishing your wages eventually. Then they'll get a lien against any property you own. All the while, interest is accruing. The best part is that most people had their parents cosign, so they'll come after your parents too.

>>133549198
Government is just a company in USA. If you replace your government with Facebook you just starting from beginning with even shittier problems. How would that look like Zuckenberg printing money and writing laws? Oh right, we are coming close to that, he wants to run for president and Obama employed as supervisor for telecommunications an CEO of ISP. So this is why they want to fuck net neutrality now. Nothing is going to improve like this.

I paid off my debt if I am forced to pay for others fuck that I am pulling out all my money and moving to Croatia. I am not going to subsidize liberals who hate me and wouldn't mind seeing me killed fuck that.

>>133549220
its all fucked up anon, the real problem here is if an 18yo cant get a 40k house loan why does the system allow kids to do this for college?
cant we pull a full 88 and drive these kikey banks out

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I'm studying Electrical Engineering currently, wish me luck my friends.
Also the student loan shit is real, people around me are getting the most meme degrees possible.
Some even go away from home to more expensive schools for the college experience and where it would have cost them 20k for college now since they've moved it's easily 50k.
Can't wait for this bs global economy, it'll be Weimar Germany but on grand scale.

>>133549236
student loans are special
you can NEVER discharge them lol
this is real

>>133549220
no they shouldnt have made it so that these loans happen with no financial risk to the lender

>>133549610
>government is just a company in USA
You've never been here, have you?

If you don't follow company rules, you no longer get access to their services.
If you don't follow the government's rules, you get arrested or shot.

The government here is a monopoly who has kept itself in place through violence. A company is unable to do that.

Read some books, Slovak.

>>133549236
not with student loans. that shit is for life. they gouge paycheck, tax returns, social secruity. a student loan is like a debt to the IRS.

>>133547242
This is sort of a fallacy though, the government and the net effect of its monetary policy IS 200 billion dollars.

If you abolish the very banking/monetary system that contrives value, what value is there left? 200 billion old dollars now worth____

>>133550565
Yes because you've gambled your future earning ability on it.

It's only fair. If you take out a loan for a house or a car and fail to pay, the bank takes it back. They can't take back your education, though.

Sorry, we will never ever discharge the loans of all the black and gender studies students, best to keep them financially immobile where they can't do much more damage to the USA.

>>133550482
We gotta have rules else 2 different companies can't possibly come to an agreement if each of them uses different money and different law contracts.
I don't need to read books to understand this much, that's just basic common sense.
Also 20 trillion says 20 trillion worth of ownership of USA by rich people and other countries.
USA is in trouble because it has way too little government control, not too much.

>>133549538

Fug, my dad was one of the few whites to survive Flint.... I'm fucked

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>>133551310
Yes, we're in trouble because the government isn't printing enough money. That's definitely why we're in trouble.

>What is the federal reserve
>What is the group of federally-protected people who are the reason why our currency's value is dropping by the nanosecond
>What is the group of fucktards who took our currency off the gold standard so our currency could freely get printed with no repercussions
>Except devaluing it, of course

Again, read some fucking books.
The Creature from Jeckyll Island is a good one.
Human Action by Mises is another.