Jun 6 2011

Serfdom via student loans – Lenders going after Social Security and saddling college graduates with a debt albatross. Modern day debtor’s prison comes with a University degree.

The sharp attention being pointed toward higher education is important for a variety of reasons including the grim reality that we are facing another extraordinary bubble.  Instead of blindly following into another credit fueled bubble we should probably pause as we cross the $1 trillion student loan threshold.  The cost of education is becoming onerous […]

Jun 2 2011

The financial avarice of the global banking system – U.S. banks insolvent to the tune of $3 trillion. FDIC pretends to have funds to support over $7 trillion in banking deposits.

Part of the big delusion in our banking system is the reality that debt has become a large source of money flowing through the economy.  This is why housing made the perfect vessel for Wall Street and banking speculation.  Banks create money by issuing loans and there is nothing larger to loan on than a […]

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