A new strain of debt contagion: student debts leap to housing

33 comments on “A new strain of debt contagion: student debts leap to housing
  1. JonnyJames says:

    Education in the USA has become nothing but a means of enslaving millions into debt. Privatize the schools, charge outrageous tuition and fees, then enslave the population with massive debt.
    Health care in the USA has little to do with health and mostly to do with extortion. You want to have access to health care? Pay the Extortion Mafia or you die, nothing personal just business.

    Even now the #1 reason for bankruptcy in ‘merka is medical bills, not foreclosure or student loans. Combine these and we have neo-Feudal debt peonage on a massive scale.

  2. JonnyJames says:

    Last week, a Modesto, Cal. man killed a Sherriff’s deputy who was trying to evict him from his home. The fact that he was being foreclosed on was obviously downplayed in the media stories.

    He had body-armor and lots of ammo and helf off police for a long time before the police tear gas and flash grenades burned the building to the ground.

    I am surprised there have not been more cases like this. Perhaps there have been but the “news” outlets don’t cover it.

    He was ready when the deputies came to his home because a notice that he would be evicted April 12 had been posted on his door five days prior, Armendariz said.

    http://www.bellinghamherald.com/2012/04/17/2485490/police-say-man-suspected-of-killing.html#storylink=cpy

  3. Steven Rowlandson says:

    Student debt and limited incomes will not be good for the real estate market.

  4. F. Beard says:

    and limited incomes will not be good for the real estate market. SR

    If only we could find a huge gold deposit we could increase incomes!

    But alas, until we do, we can do nothing cause everyone knows money requires PMs.

    BTW, my neck hurts from that heavy brain in my head. Why do we need such a thing when life is so simple? :)

  5. F. Beard says:

    Nice Lauren Lyster – Michael Hudson interview.

    ronron you can’t watch! (cause, you know, ya gotta be true to you-know-who)

  6. Jambo says:

    Mein Gott,
    Just saw Keiser report on RT on comcast. Max had Matt Taibi on, Mother Macfucnuckle!
    What a show!! You gotta see and listen.

  7. Youri Carma says:

    @Jambo

    Link :roll:

  8. JonnyJames says:

    @FBeard
    Excellent interview with the mighty Michael Hudson, cheers for posting it. He and Steve Keen have proven to be the most accurate economists time after time. If you have not read Super Imperialism, I highly recommend it (as well as Debunking Economics by Keen)
    The EU got IMF’d (that’s Hudson’s caption)

    Side note: while Lauren is clearly a “hottie” her intellectual capacity dwarfs the talking head idiot bimbos on US fluff “news”. The combination of good looks and intellect is withering to her rivals, and stiffening to the male audiences (sorry for the suggestive metaphor)

  9. JonnyJames says:

    EU poodles once again bow down to the US imperial overlords:
    http://www.reuters.com/article/2012/04/19/us-eu-usa-flights-idUSBRE83I0L220120419

    Many arrogant Europeans think they are independent of the Empire. Just look at how many US military bases there are all over Europe. And the NATO lackeys always bow down to the imperial dictatorship. The US controls the IMF, NATO, EU….

  10. Bruce says:

    Get into commodities trading, thanks to Blythe’s 5 million dollar investment in YOUR edumacation.

    She really believes in the youth.

  11. MirrorMirror says:

    .

    @Max … my Doom.and.Gloom beats yours :lol:

    A leading earthquake scientist has warned that the planet could be cracking up after a series of massive quakes in just 48 hours.

    http://www.croatiantimes.com/news/Around_the_World/2012-04-15/26423/Quake_Expert%3A_Earth_Cracking_Up

    .

    Well, I did say this morning that the number of EQs has suddenly increased, as well as the avg. size !

    .

  12. MirrorMirror says:

    Earthquake Overview — EIGHT 6.0M+ earthquakes this week

    http://www.youtube.com/watch?v=lg7WD85P8QU

    5 mins

  13. daddy warbucks says:

    I know a student that couldn’t transfer credits from one state school to another – in the same state, paying outrageous $ for a class that the professor ‘required’ his students to BUY HIS OWN TEXT BOOK at $75 f++king dollars. Government takes over student loans and greedy colleges immediately raise tuition, I can’t wait to see these educator’s pensions crash.

    “The higher education system is totally controlled and populated by morally and intellectually bankrupt instructors who are believers in socialism.” -Casey Research

  14. JonnyJames says:

    @DW
    Socialism? Hardly. Those dudes at Casey don’t know jack shit about politics. How embarrassing. A social system (like in Norway, for example) provides education at no cost and even pays students a cost of living stipend.

    What you are referring to is kleptocratic Mafia extortion.

  15. Youri Carma says:

    @JonnyJames

    They are already doing that for years. They just put it in your face now.

    EU agrees to share airline passenger data with U.S http://www.reuters.com/article/2012/04/19/us-eu-usa-flights-idUSBRE83I0L220120419

  16. Youri Carma says:

    Keiser Report: Matt Taibbi on Wall Street Mafia & Big Time Rackets http://www.youtube.com/watch?v=uTHQAtbs5lU

    Chossudovsky: Syrian ‘Opposition’ is ‘West-Controlled Proxy Paramilitary’ http://www.youtube.com/watch?v=xUI65LrC-qg

  17. Youri Carma says:

    OK here the real deal:

    Keiser Report: Vicious Circle of Bankster Huddles (E277) http://www.youtube.com/watch?v=CBxBtK-2XJc

  18. JonnyJames says:

    @Youri
    The blatant disregard for privacy, sovereignty, civil rights is indeed getting more “in your face” to the point of slaps in the face to kicked in the teeth.

    Thanks for the links

  19. Youri Carma says:

    ‘CISPA pushed by spy & tech companies for profit’ http://www.youtube.com/watch?v=iGk_Jq_o9UM

  20. Steven Rowlandson says:

    Yes indeed F Beard proper money does require PMs. What we have now is fake money that is worth nothing in and of itself. Its the old bait and switch game on steroids.
    First you start out with gold and silver coin and then gradually take away the backing for the paper and the precious metal in the coins and then the end game is take away the cheap paper and coins altogether and replace it with pure electronic currency that requires a special access code to use and bingo you can make all who would live your slaves in a totalitarian hell for ever. Quite the diabolical scam don’t you think?
    Almost as good as getting students to contract huge debt to get an education for jobs that may have crappy pay or may not be there at all. Another beauty is the hyper inflated real estate market that requires 2 or more incomes and a 6 digit or better income. Frankly it is surprising young people have not gone berserk and burned north america and europe to the ground and slaughtered those responsible for these scams and atrocities. Perhaps it is a matter of time.

  21. Youri Carma says:

    Some snipbits from ‘Volcker rule deadline is 2014, U.S. says – Mafia Worried’:
    The Volcker rule seeks to prohibit big banks from trading stocks and derivatives with their own money. It also limits banks’ investments in hedge funds and private-equity funds in an effort to reduce risks to the broader financial system.

    “Our view is that the rule will become more moderate the longer it takes to finalize, especially if regulators delay until after the election,” Seiberg remarked. “This statement suggests a longer delay in finalizing the rule is likely, which means the final rule should be moderate. That would be positive for the big banks .”

    Federal Reserve Chairman Ben Bernanke said in February that it is unlikely that the Volcker rule would be approved by the July deadline set by the Dodd-Frank Act statute that created it.

    BottumsUpline: Volcker rule will be detroyed or watered down so much that it doesn’t do anything before it has the change to see any daylight.

  22. F. Beard says:

    First you start out with gold and silver coin and then gradually take away the backing for the paper and the precious metal in the coins and then the end game is take away the cheap paper and coins altogether and replace it with pure electronic currency that requires a special access code to use and bingo you can make all who would live your slaves in a totalitarian hell for ever. Quite the diabolical scam don’t you think? SR

    The bait-n-switch was possible because people were fooled into believing that shiny metals were real money instead of insisting that the banks issue their own common stock as money. With common stock as money there is no bait-n-switch; common stock is what it is; co-ownership of all the assets of the issuing company. There is no redeeming common stock unless the company is dissolved.

  23. User2323 says:

    For some reason I was pretty sure Obama’s student debt relief would be more substantial. Instead all students get is more time to pay it off.

    Clearly this has had repercussions that the Dems might have wanted to think about in an election year. It’s not like anyone was unable to see that housing, after the crash, was still overvalued…

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