Student debt bubble popping

It was true then and it is true now.

1) Widespread systemic default (really think TPTB will end their own financial revenue streams?) or 2) Keep the ponzi going as long as possible to transfer all/most assets into a few hands and watch the masses scrap for the rest as their beloved currency falls apart.

Policy from government all around the world and their Central Banks indicates that it is all hands on deck to inflate, inflate, inflate and trigger a currency collapse to usher in the next stage of the New World (fiat bank) Order.

There are many a useful idiot (politicians/media types) who believe this is not the game. Then, there are the master pushers. They are flowing gold into their coffers by the ton pushing policy to keep the game going as long as possible - with a currency shock built into the game.

How will that shock come about? I'm not sure. My bet? A massive global (mostly the West) bank holiday (weeks) and then the roll out of a large(r) scale (and devalued) currency.

Governments will kill their Keynesian beliefs by over-Keynesianing the world.

Tpoints said:
that's what they said 4 years ago.
Click to expand...
 
Seraphim said:
It was true then and it is true now.

1) Widespread systemic default (really think TPTB will end their own financial revenue streams?) or 2) Keep the ponzi going as long as possible to transfer all/most assets into a few hands and watch the masses scrap for the rest as their beloved currency falls apart.

Policy from government all around the world and their Central Banks indicates that it is all hands on deck to inflate, inflate, inflate and trigger a currency collapse to usher in the next stage of the New World (fiat bank) Order.

There are many a useful idiot (politicians/media types) who believe this is not the game. Then, there are the master pushers. They are flowing gold into their coffers by the ton pushing policy to keep the game going as long as possible - with a currency shock built into the game.

How will that shock come about? I'm not sure. My bet? A massive global (mostly the West) bank holiday (weeks) and then the roll out of a large(r) scale (and devalued) currency.

Governments will kill their Keynesian beliefs by over-Keynesianing the world.
Click to expand...

So how long before I can say "hyperinflation alarmists were wrong"? Isn't that a bit like saying "you'll eventually die, I can't tell you when, but I know you will"? I can't and won't live my life in constant fear of dying tomorrow if I don't have to, so why would I with my investments?
 
Rome's collapse was over 100 years. The USA is the modern Rome and it's collapse is a slow motion train wreck. It is impossible to say when, save for if you are capable of spotting the beginning of hyperinflation as it occurs.

Now, as I have stated - I am not a hyperinflationist. (Although I conceed it could happen).

My stated outcome is that of massive systemic devaluation, done in coordination throughout the Western world. My view is that the interconnectedness of Western balance sheets means that once the banking system as a whole truly starts to go down, there will be a system wide shut down. Western Governments will coordinate a full fledged recapitalization of the banking system; done in unison to "harmonize" the Western world and it's trading avenues.

This is far more plausible to me then hyperinflation.

A hyperinflation would, in my view, lead to a MASSIVE starvation and culling of the herd. Since the current order requires "growth" to maintain it's profit structure - a culling of the herd is not in line with their models of control. They want control over HUMAN LIVESTOCK. More human livestock = more resources created for the benefit of the masters.

The masses will be tested and raped - and then re-pacified.




Tpoints said:
So how long before I can say "hyperinflation alarmists were wrong"? Isn't that a bit like saying "you'll eventually die, I can't tell you when, but I know you will"? I can't and won't live my life in constant fear of dying tomorrow if I don't have to, so why would I with my investments?
Click to expand...
 
Unless you are EXTREMELY precise in your line of future work (say, hellbent on being a General Practioner, MD), stay out. Go make some money and aquire skills and resources.

Do not go to University/College unless you really know what you want. If you do not know what you want, stay out (for now).


Drex said:
Is this good if I am about to enter college next year?
Click to expand...
 
Drex said:
Is this good if I am about to enter college next year?
Click to expand...

Most likely it won't make a difference. If it gets really bad, they will either have to continue making the loans and eat the losses by printing more money or they will possibly come to their senses and reduce the amount of loans. In the first case, prices will continue to rise, in the second case, college tuition will likely become more affordable.

Are you planning on getting loans to pay for your college?
 
Drex said:
Is this good if I am about to enter college next year?
Click to expand...

I don't think so. Think housing collapse. A lot of "imaginary value" was wiped out, but the debts themselves weren't, and that didn't mean everyone immediately started selling at lower prices. Transfer that over to publicly subsidized Education industry. They already got their money, and won't be the ones who will be defaulted on. Like Greece, they'll be scared to death, but with their massive bureaucratic overhead, and an army of administrators and $175k per year tenured professors, they'll looking for strictly political solutions. They want their version of Obamacare established for Education, and NONE of their expectations will go away as a result of a collapse that they truly believe they should be immune to.

It's coming eventually. There will be value to be found in the guaranteed rubble-to-come, but that won't be next year. They're not going to "get real" and decrease prices until reality sets in, and they get truly hungry like everyone else -- forced, like in the old days, to appeal to real individuals for the value of their supplies, once the blind collective that gave them artificial valuation fails them.
 
.

So I have 100k in student debt what happens to me when this so called bubble collapses? Will my interest rates go down? lol
 
Seraphim said:
Do not go to University/College unless you really know what you want. If you do not know what you want, stay out (for now).
Click to expand...

OR spend the first 2 years at an inexpensive community college, get your AA and transfer it to any 4year university after you figure what you want --if necessary.
 
Tpoints said:
So how long before I can say "hyperinflation alarmists were wrong"? Isn't that a bit like saying "you'll eventually die, I can't tell you when, but I know you will"? I can't and won't live my life in constant fear of dying tomorrow if I don't have to, so why would I with my investments?
Click to expand...

*shrugs* Ron Paul made a lot or predictions in the '80's that took 20-30 years to come to fruition. I heard him say that he doesn't like to predict exactly when events will happen, just that it will happen.

Ron Paul talks about hyperinflation in a manner that says he believes it is inevitable, and I'm inclined to believe him if for no other reason than his track record is really good on such things.
 
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