http://www.zerohedge.com/news/2012-1...nquency-rate-g
Bubblelicious.
2013 will be the year of the uber pop.
Student debt bubble popping
http://www.zerohedge.com/news/2012-1...nquency-rate-g
Bubblelicious.
2013 will be the year of the uber pop.
"Like an army falling, one by one by one" - Linkin Park
Maybe finally they'll stop making such loans.
What's another trillion dollars?
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
Not a chance.
Hyperinflation/massive currency devaluation is baked into the cake.
Originally Posted by Tpoints
"Like an army falling, one by one by one" - Linkin Park
that's what they said 4 years ago.
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.
"Like an army falling, one by one by one" - Linkin Park
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?
Is this good if I am about to enter college next year?
NEBRASKA FOR RON PAUL
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.
"Like an army falling, one by one by one" - Linkin Park
I thought Obama was going to pay my student loans?
"The easy confidence with which I know another man's religion is folly teaches me to suspect that my own is also." ~ Mark Twain.I saw that the State was half-witted, that it was timid as a lone woman with her silver spoons, and that it did not know its friends from its foes, and I lost all remaining respect for it, and pitied it."
--Henry David Thoreau
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