Apr 12 2012

Educating students to debt – Student loan debt now second largest sector of household debt approaching $1 trillion. 14 percent of consumers have one account in collections.

College debt is fueling the out of control higher education bubble.  The Federal Reserve tracks most household debt sectors very carefully including mortgage debt, auto debt, and credit card debt.  You would think that they would follow student loan debt carefully.  That was not the case until recently.  More disturbing however is that student debt […]

Mar 6 2012

The crisis of solvency – peak debt, peak food stamp usage, and massive financial deception by media. The faux economy of solving a solvency issue with more debt. Job postings up but hiring flat.

The economy is largely running on a solid amount of debt, Orwellian news, and selective perception.  Take for example the absolute lack of coverage on our peak debt situation.  The media simply assumes that going over the $15 trillion mark on national debt was somehow a story not worth reporting.  The total amount we have […]

Feb 14 2012

The day of reckoning for global total debt – total credit market debt up from $28 trillion in 2001 to $53 trillion in 2012. US consumer debt went up in last few months but largely because of giant amounts of student loan debt taken on.

You have to really question what passes for financial analysis these days.  One financial show was discussing the recent increase in consumer debt as something positive.  In the same breath this person also said that households increased savings.  Now think about this statement.  If you financed a $2,000 vacation on your credit card but increased […]

Dec 1 2011

When the clock strikes 12 – the midnight economy of food assistance. Millions of people shop on the first of the month because electronic food assistance cards are credited. The lost wages of a decade and a Fed determined to bailout the world.

We have a serious economic crisis on our hands and the media simply fails to acknowledge it.  You might be waking up to the first of the month thinking the wheels of the economy are fine.  Yet silently, millions of Americans drive into mega supercenters like Wal-Mart only to wait for their monthly allotments of […]

Nov 28 2011

The student loan racket – For-profit enrollment growth surged by 225 percent in last decade. For-profits live off the 85 percent of revenues they receive from the government and filter out to their Wall Street owners.

The loud commotion you hear rattling the global economy is the massive debt bubble imploding.  A few notable economists have stated that too much debt is reached simply when the public acknowledges that there is too much debt.  To this point the public is now waking up to the reality that too much debt is […]

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