student loan debt / 3 posts found
3.7 Trillion In Consumer Credit- Credit Madness Debt To Our Eyeballs!!!
In this video I go over an article I read entitled The secret to the current recovery is Americans have taken on 3.7 trillion in consumer credit debt. Although I paraphrase the title hear the article shows how the American consumer is spending beyond their means. There is now record credit card debt, student loan debt, and record auto debt. No wealth is being built just consumer credit that will form another epic crash in the not too distant future.
The Illusion of Student Loan Forgiveness
In this video I review a article on Student Loan Forgiveness; particularly that half of all millennials believe that their student loans will be forgiven. The problem is this is a falsehood and will have magnificent consequences in the coming future with baby boomers retiring a financial recession and so much more.
Financialization Of The Economy
We live in a world of Financialization. The term alone is complex, and the problems it has caused our economy is even more troubling. Now I cannot take credit for this term, as I only heard of the term by watching the fantastic work of Gordon T Long and his friend Charles Hugh Smith. They cover this in a 4 part video dialogue. I have enclosed the 4th in this video series because I believe it is the most poignant. Ever since we have gotten off the gold standard in 1971, we have been living and functioning on ever amounts […]