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Thread: Student debt bubble popping

  1. #51

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    Quote Originally Posted by Tpoints View Post
    Yes. Because a person who bought gold at $500 in 1988 had to wait until 2005 to get his money back.

    Or a person who bought gold at 700 in 1980 had to wait until 2006.

    What do we call somebody who buys something and can't get his money back for 17-26 years?
    You're wasting your time with that here. I tried that thought process for a very long time. Doesn't sell too well.

    +rep though



  • #52

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    This goes against the principles of the Free Market and I don't advocate it, but I'm surprised that there aren't calls in the media and by students, for price fixing to combat the evil higher education price gougers. It seems likely they a long with the universities themselves would call for such things in other parts of the economy. I guess the schools indoctrination has routed out such thoughts when it would pertain to them. It would be funny to see those schools sweat with worry, if there was a push for that.
    Join my Big Education Anti Price Gouging Campaign.
    http://www.ronpaulforums.com/showthr...-bailout/page5

  • #53

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    This will be fun for me. I got called into the office last year...Boss man says the Board of Trustees require that my position now has a 4 year degree. I'm at the point of no return now, I've accrued college debt and if I quit now, I'll have nothing to show for it.

    I already have two years experience, but I'm SOL if I ever get laid off. Scrolling down the jobs classified shows "4 Year Degree REQUIRED" on every single job opening. It's the new high school degree or you're stuck in retail (did that for six years). When I graduated, a hard work ethic and a willingness to be taught would get you really far in a non-technical profession (you know, like doctors and such).

  • #54

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    Quote Originally Posted by Jordan View Post
    You're wasting your time with that here. I tried that thought process for a very long time. Doesn't sell too well.

    +rep though
    do they flog people for refusing to buy into their fear tactics?

  • #55

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    The money supply is already inflated. Some theories suggest that it's just sitting in bank vaults ready to be loaned out. If it starts to be circulated on a large scale, well, it's gonna be like the gates opening at the start of a horse race.
    If something bad happens, we will be blamed. If something good happens, we will get no credit. If nothing happens, we will be forgotten.

  • #56

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    Quote Originally Posted by Tpoints View Post
    Yes. Because a person who bought gold at $500 in 1988 had to wait until 2005 to get his money back.
    Tell that to Lisa Welchell who played Blair from the Facts of Life. The actress lost her entire fortune in the late 80s to the market crash. Too bad she didn't buy gold.

  • #57

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    Quote Originally Posted by Tpoints View Post
    Yes. Because a person who bought gold at $500 in 1988 had to wait until 2005 to get his money back.

    Or a person who bought gold at 700 in 1980 had to wait until 2006.

    What do we call somebody who buys something and can't get his money back for 17-26 years?
    I'd call them the opposite of someone who held on to U.S. dollars and didn't get any of it back after even 17-26 years. Gold isn't a get-rich-quick scheme. It's more like a 'dear-god-this-shit-better-be-worth-more-than-a-dollar-one-day' scheme.

    I closed out a $300 bank account in 2010 and bought $12 silver dollars. If I had left that money in a bank account, I'd have earned 0.25% interest or something on it, every year (then you have to subtract about a 3-4% loss of the dollar's purchasing power every year). The melt value of that silver today is worth about $315. So I did better than I would have if I had left that money in a piddly savings account. I'm not going out and buying Jaguar convertibles, but . . .
    Last edited by nobody's_hero; 11-27-2012 at 06:59 PM.
    If something bad happens, we will be blamed. If something good happens, we will get no credit. If nothing happens, we will be forgotten.

  • #58

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    Quote Originally Posted by LoneStarLocke View Post
    This will be fun for me. I got called into the office last year...Boss man says the Board of Trustees require that my position now has a 4 year degree. I'm at the point of no return now, I've accrued college debt and if I quit now, I'll have nothing to show for it.

    I already have two years experience, but I'm SOL if I ever get laid off. Scrolling down the jobs classified shows "4 Year Degree REQUIRED" on every single job opening. It's the new high school degree or you're stuck in retail (did that for six years). When I graduated, a hard work ethic and a willingness to be taught would get you really far in a non-technical profession (you know, like doctors and such).
    Yep, in China you pretty much need a degree to get a job as a salesperson earning next to nothing in a shopping mall store. The only reason for that: a glut of meaningless, inapplicable degrees--the new "high school diploma" that everyone is expected to have. The only difference: the degrees were cheaper because it was the parents paying for them, and guaranteeing payments for them, and not the government.

  • #59

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    Quote Originally Posted by Tpoints View Post
    Yes. Because a person who bought gold at $500 in 1988 had to wait until 2005 to get his money back.

    Or a person who bought gold at 700 in 1980 had to wait until 2006.

    What do we call somebody who buys something and can't get his money back for 17-26 years?
    I'd call them long term investors.

  • #60

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    Quote Originally Posted by dannno View Post
    Tell that to Lisa Welchell who played Blair from the Facts of Life. The actress lost her entire fortune in the late 80s to the market crash. Too bad she didn't buy gold.
    that's because she was entirely invested in the stock market? Or what? had she even a house?

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