Student debt bubble popping

[HOLLYWOOD]

Student Debt on steroids... the bubble to "POP" has gone from a Zit to a Cyst. gonna get painful and ugly down the road.

[Zeeder]

Is this the fake Ron Paul forums? Seems an awful lot of statist and anti-austrians on here. Ron Paul is foremost an economics guy. Yet, we still have people not understanding the dollar collapse. So to answer every question in this thread.

1. If Volker didn't raise interest rates to 20%, gold at 800 would have been a steal in 1980.
What happens if they try this again with the current debt? Do the math on that one, and you will find they can't do it again. That's how you know that this isn't a 1980 repeat.

a)Ron Paul bought gold when it was 40 dollars per ounce. He understood that governments debase currency. It's what statist do.

2) The student loans should have never been issued. The government has no business backing them. In a free market you take a chance by loaning people money, therefore you are careful about it. Banks aren't careful because they are bailed out. They control the government, and have eliminated bankruptcy.

Students should pull an iceland and default. In a free-market nobody in their right minds would give a loan to an 18 year old for a political science degree. You don't loan money at all without some sort of collateral. and the collateal can't be "The government will torture and steal from someone for me". You make the loan. You suffer the consequences.
Should taxpayers pay for this? LOL When has the answer to that question ever been no? It's always yes. Taxpayers Shouldn't be paying for Social Security, Medicare, Medicaid, moronic wars, Publc Broadcasting. Public schools etc...........................
The collapse should be welcomed by tax slaves.

[heavenlyboy34]

Is this the fake Ron Paul forums? Seems an awful lot of statist and anti-austrians on here. Ron Paul is foremost an economics guy. Yet, we still have people not understanding the dollar collapse. So to answer every question in this thread.

1. If Volker didn't raise interest rates to 20%, gold at 800 would have been a steal in 1980.
What happens if they try this again with the current debt? Do the math on that one, and you will find they can't do it again. That's how you know that this isn't a 1980 repeat.

a)Ron Paul bought gold when it was 40 dollars per ounce. He understood that governments debase currency. It's what statist do.

2) The student loans should have never been issued. The government has no business backing them. In a free market you take a chance by loaning people money, therefore you are careful about it. Banks aren't careful because they are bailed out. They control the government, and have eliminated bankruptcy.

Students should pull an iceland and default. In a free-market nobody in their right minds would give a loan to an 18 year old for a political science degree. You don't loan money at all without some sort of collateral. and the collateal can't be "The government will torture and steal from someone for me". You make the loan. You suffer the consequences.
Should taxpayers pay for this? LOL When has the answer to that question ever been no? It's always yes. Taxpayers Shouldn't be paying for Social Security, Medicare, Medicaid, moronic wars, Publc Broadcasting. Public schools etc...........................
The collapse should be welcomed by tax slaves.

You put it better than I have when this subject comes up. Thanks!

[Zeeder]

You put it better than I have when this subject comes up. Thanks!

Your welcome!

I'd like to add that taxpayers are already paying for all this. It isn't in the form of taxes directly, but the cost of college education exceeds inflation because of the all the loans. You can't afford to send your kid to college..........so you have to get these loans..............which increases the price.............so others have to get loans. It's a disgusting cycle like the housing boom. College shouldn't cost anywhere near what it does.
And what does ron paul call this? An inflation tax. See how I added Ron Paul in there. It should be required that you reference Ron Paul in every post.