Student Loans

Welcome To Neocolonialism, Exploited Peasants!

The U.S. peasantry has been stripmined exactly like the powerless colonial peasantry in the old colonial model, and they are finally identifying their oppressors: the ruling Elite of the U.S.

The Ruling Elite Has Lost The Consent Of The Governed

Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed. The American ruling Elite has lost the consent of the governed. This reality is being masked by the mainstream media, mouthpiece of the ruling class, which is ceaselessly promoting two false narratives...

The Floodgates Begin To Open

It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal.

The Economic "Recovery" Feels Weak Because The Great Recession Never Really Ended

"We are not in a recovery and were not really in a traditional recession. People think of a business cycle as a boom, followed by a recession and then there are automatic stabilizers that revive the economy, but this time, we can't revive. And the reason is that every recovery since 1945 has begun with a higher, and higher, and higher level of debt. And the debt is so high now that since 2008 we've been in what I call, debt deflation."


Is America Becoming A Vast Debtor's Prison?

Regardless of whether you’re a millionaire with multiple foreign bank accounts or a recent college graduate with a boatload of debt, the status of being a United States citizen brings with it a burden that will only grow heavier over time.

"The Big Short's" Steve Eisman Reveals What The Next Big Short Is

Asked to name the next big short, Eisman initially declined. “I’m not in such a rush to do it again,” he said. “It took years off my life.” Then he relented, saying, “The only big short out there is when the world loses confidence in QE.”

"If Everything's Going So Great, How Come I'm Not?"

Whether it's struggling to keep up with the rising cost of living, a 0% return on savings, working longer hours while real wages stagnate, scrimping to pay back education loans, despairing at the abuses of power in our banking and political systems, or lamenting the loss of nourishing social interaction in our increasingly isolated and digital lifestyle - most "regular" people find their own personal experiences to be at odds with the rosy "Everything is awesome!" narrative trumpeted by our media.

Consumer Credit Jumps By $18 Billion In July; Student, Auto Loans Hit $2.4 Trillion

While the credit spigot appears to be fully functional once again, it does not explain the disappointing car sales numbers in recent months, which prompted Ford earlier this week to warn that US car sales have now hit a "pleateau." If so, one wonders just what these car loans, which total $1.1 trillion, are being spent on. As for the student loans, which now amount to $1.4 trillion, the endgame there is mostly clear.

40,000 Students In Limbo, 8,000 Employees Fired As ITT Suddenly Shuts Down

The long-running tragic saga of ITT Education Services, which was established nearly 50 ago and operates the ITT Technical Institutes for-profit college chain, finally came to a end this morning with both a bang and a whimper, when it announced that it is shutting down effective immediately, leaving the fate of 40,000 students currently enrolled in limbo, and some 8,000 workers without a job.

US Faces Major Setback As Europeans Revolt Against TTIP

At the turn of the century few argued when the 20th century was dubbed the "American Century." Over the past 16 years, America's fortunes have changed with dizzying speed. The safer bet is that the 21st century will not be America’s. The TTIP’s rejection by European leaders and grass roots’ protests against the agreement testify to the fact.

The Greater Depression - Part 1

The corporate mainstream media faux journalists scorn and ridicule anyone who makes the case we are currently in the midst of another Great Depression. They are paid to peddle a recovery narrative to keep the masses ignorant, sedated, and distracted by latest adventures of Caitlyn Jenner and the Kardashians. An impartial assessment of the facts reveals today’s Depression to be every bit as dreadful for the average American as it was in the 1930s

Why A Record Number Of College Grads Are Working Minimum Wage Jobs

Increasingly more low wage employees are those with a college education as they are unable to leverage their diploma credentials to get a better paying job, as the only ones hiring are those seeking minimum-paid workers. This means that the share of college grads working minimum wage jobs is now an all time high; jobs which barely cover the cost of living, let along covering interest expense on student loans.