Re << Bernanke and student loans: it's personal.
caseyresearch.com >>
we should not worried about the enveloping situation of the student loan bubble, because it is a blow-up already ordained, a given, with no uncertainty. we must not fuss over what are certain.
after all it should be intuitively obvious to the most casual of passing observers that students who borrowed and expensed money on irrelevant studies and is qualified for no jobs worth doing and that are in any case not available even to experienced oldsters shall have no way of paying down usd 1 tril. the loan flow shall stop, the expenses shall crater, the schools shall go austere or dip into endowment, with flow-off effects showing up everywhere; and
the jobs? even less plentiful as the student industry shrinks to fit. such be the evils of fiat money inflation, especially for a global reserve currency.
while not worried, we must prepare for the certainty of shriveling, collapse, and cratering, even as the officialdom fight tooth n nail against the certainties.
as guidance, we must keep front-of-mind that money is an insincere derivative used in a bankrupting banking ponzi scheme operated by faithless folks who have not one shred of decency and spewing much evil. may god forgive them, or not.
we must opt out as much as possible, and at some strategically psychological moment, let go of all money, even leverage up, and seriously load up on the one true elemental and eternal cash and anything else of true merit.
cheers, tj |
