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On Graduation Day... One Student "Gets It"

Tyler Durden's picture




 

With the class of 2015 graduating with a record amount of debt, one hopeful student appears to recognize her fate all too well...

 

h/t @FedPorn via @V BeardedMiguel

*  *  *

Dear Class of 2015, 

Because we recognize your plight, allow us to provide you with a bit of friendly advice as it realtes to your student loans. Once you are uncerimoniously thrown from your dorm into the less-than robust US jobs market, you will likely discover that contrary to what you were told in your economics courses, the US economy is but a shadow of its former self. Because you probably didn't study to become a petroleum engineer, you will likely find your student debt burden to be quite onerous. The key to having it discharged is to make just enough money to stay clear of bankruptcy, but not enough to really survive above the poverty line. This is because it's hard to have student debt discharged in the event you go completely broke. However, if your discretionary income is so small as to render you incapable of making payments, the government will start you on a program whereby a monthly payment of zero dollars counts towards the 300 "payments" you need to make to have your debt forgiven. Toe this line carefully (i.e. don't slip up and start making too much discretionary income) and the entirety of your student debt will be forgiven in 25 short years without your ever having to pay a dime.

You're welcome,

Zero Hedge

 

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Mon, 05/11/2015 - 14:00 | 6081640 Herd Redirectio...
Herd Redirection Committee's picture

Debt jubilee.

End the Fed.

Ban usury, fractional reserve banking, and fiat currency.

Thank you, I'll be here all week.

Mon, 05/11/2015 - 14:08 | 6081671 nope-1004
nope-1004's picture

As long as the moneymen have their hooks into humanity and control the transaction gateway, there will be no debt jubillee.  Evidence is in the desire to remove cash (and untraceable transactions) from the system.

Devaluation and serfdom for sure, jubilee not so much.

 

Mon, 05/11/2015 - 14:09 | 6081704 Freedom In Your...
Freedom In Your Lifetime's picture

Figuring out how to live a meaningful, healthy, and happy life without being dependent on money will be a growing trend. This is a good thing. .gov can't tax happiness (at least not yet).

Mon, 05/11/2015 - 14:29 | 6081796 chistletoe
chistletoe's picture

Anything that they can't tax, they make to be illegal.

Mon, 05/11/2015 - 14:55 | 6081919 Haus-Targaryen
Haus-Targaryen's picture

We'll never pay our student loan debt back -- ever.  

Next market collapse will make the default rate so high, the entire portfolio will be reduced to zero.   

Mon, 05/11/2015 - 15:27 | 6082062 greenskeeper carl
greenskeeper carl's picture

I still think they need to allow it to be discharged in bankruptcy. The govt should not be in the student loan business. Constitutionally, it has no business in education of any kind whatsoever. Obviously many people would just rack up 100 k in student loans and then declare bankruptcy, and move back in with mom and dad for a few years and take advantage of the system. This would eventually collapse the entire edifice, since no one would want to make loans that wouldn't be repaid. College tuition would drop like a stone, since most can't afford it without these loans, and many don't really have any business in college to begin with, allowing those willing to work their way through college to do so. Bankruptcy is an essential part of capitalism. An entity should not be able to loan money to an individual that can never discharge it. If it is too risky to loan them that money without that rule, you shouldn't be loaning them the money at all. Anything else is a gentler name for slavery.

Mon, 05/11/2015 - 15:39 | 6082155 Miffed Microbio...
Miffed Microbiologist's picture

I agree with you in theory but my daughter just paid off her 50k in loans. Unfortunately those who pay their debts never seem to win in this new world.

Miffed

Mon, 05/11/2015 - 18:04 | 6082735 11b40
11b40's picture

....but I would bet that your daughter is one who could have qualified for the money at your local bank or credit union.

Mon, 05/11/2015 - 18:33 | 6082831 cnmcdee
cnmcdee's picture

Prepare for the The Great Collapse starting in September Japan Quake and twp weeks later the los angelese.  the collapse will go for fpur months . chaos.

Mon, 05/11/2015 - 18:19 | 6082787 11b40
11b40's picture

Very clear and understanable summation.  About the best I have seen.  The ability to go bankrupt, and the pain the lender suffers for not doing due diligence is absolutely essential for Capitalism.  Just look at what has happened since we socialized the bank's losses since 2008.  Thanks, Carl.

Tue, 05/12/2015 - 19:01 | 6086123 N3mo
N3mo's picture

Nope. The fraud needs to be exposed. "Bankruptcy" implies that these students were the debtors, not the creditors. They aren't.

The presence of fraud vitiates all contracts ab inito.

Prove, via forensic accounting, that any of them were loaned money that existed prior to them creating it via their signature.

They were the grantors/creators/originators. They need to be charging interest from the actual debtor- CONgress. Or, just call in the full amount.

And fuck CAPIT-alism. CAPIT is head, and has its origins in the triangle trade. It's profit off of the heads of the living, human trafficking, and is idential to COMMUNISM, where "The People", (you know, same "People" mentioned in the CONstitution) own the commoners (the "means of (debt) production").

In the short term, the students had better wake up, and repudiate, repudiate, repudiate. When it becomes more widely comprehended what the nature of the fraud is, they can start going after the fraudulent loan sharks for recompense.

What needs to be tried is Free-marketism (which is what most people think they mean when they say CAPIT-alism). Revoke all current corporate charters, and reinstate limited corporate charters of 3 or 7 years. If you can't get what you need done in 7 years, it didn't need doing.

Oh, and anyone that "paid off" their loans needs to be compensated...an inflation-adjusted return, plus interest.

That represents "ill-gotten gains" for the "loan companies" (of whatever ilk).

Mon, 05/11/2015 - 15:17 | 6082063 MonetaryApostate
MonetaryApostate's picture

You're prophecy will end up making America turn into Greece...

Mon, 05/11/2015 - 15:09 | 6082008 Freedom In Your...
Freedom In Your Lifetime's picture

Since the beginning of civilization, human beings have been in a constant war with the parasitic class of homo's trying to assume power over the non-parasitic classes. The weapons used in this war are constantly evolving and each side has its victories and defeats, but none have been decisive so far.

The current weapons used by the parasite class (laws, word magik (propaganda), etc. are in the beginning stages of loosing their effectiveness and it will be interesting to see how the parasite class responds to this. They can either double down on the loosing bet and do as you say by making everything illegal and ramping up propaganda to even more ridiculous levels, or switch back to violence as their weapon of choice.

Imo, the more interesting aspect of this war is how the human beings evolve their use of currently available weapons. We are far more flexible and innovative in both thought and action than the parasite class are.

Mon, 05/11/2015 - 14:48 | 6081879 PresidentCamacho
PresidentCamacho's picture

call happyness goodwill and then you can assign a dollar value to it and tax it.
any item that increases happyness could be taxed with a VAT depending upon the amount of happyness it brings.

 

Mon, 05/11/2015 - 15:12 | 6082031 Freedom In Your...
Freedom In Your Lifetime's picture

It is a safe bet that the parasite class will try to steal more from the productive human class. It is also a safe bet that the productive human class will find new and innovative ways to keep their productivity. This has been the back and forth battle throughout human history.

Mon, 05/11/2015 - 18:01 | 6082724 11b40
11b40's picture

Good luck finding the happiness thing you write about.  For most of the people, happiness is elusive and transitory.....finding it and keeping it are especially hard if you are poor.  Hard to be happy when you worry most of the time about paying the bills and hoping no one gets sick, or the car breaks down, and any of the other little problems life throws at you on a pretty regular basis.

Mon, 05/11/2015 - 20:03 | 6083061 Freedom In Your...
Freedom In Your Lifetime's picture

It is difficult to find lasting happiness. I think it will become some what of an art and a science in the future. Avoid debt, don't take on bills that are financially strenuous on yourself or your family, develop healthy habits and live in healthy promoting areas of the world, develop of life that, to the greatest extent possible, is not dependent on anything other than your family, friends, and community. I doubt there is a perfect answer to this, and I doubt that many could do all of these things now, but I can see it becoming a goal for many. And when that generations children are raised with this being the norm, they will take it a step further.

Tue, 05/12/2015 - 01:02 | 6083803 StychoKiller
StychoKiller's picture

 

 

The Art of Dying - George Harrison:

There'll come a time when all of us must leave here
Then nothing sister Mary can do
Will keep me here with you
As nothing in this life that I've been trying
Could equal or surpass the art of dying
Do you believe me?

There'll come a time when all your hopes are fading
When things that seemed so very plain
Become an awful pain
Searching for the truth among the lying
And answered when you've learned the art of dying

But you're still with me
But if you want it
Then you must find it
But when you have it
There'll be no need for it

There'll come a time when most of us return here
Brought back by our desire to be
A perfect entity
Living through a million years of crying
Until you've realized the Art of Dying
Do you believe me?

 

Mon, 05/11/2015 - 17:14 | 6082545 Butterflying
Butterflying's picture

My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com

Mon, 05/11/2015 - 14:02 | 6081656 knukles
knukles's picture

OK  11:00 AM .... WHERES THE ISIS ATTACK??????

RENDERED INOPERABLE BY HAMMIE IN THE SITUATION ROOM, SAME PLACE OSSMABINLOADENWITHBS WAS KILT?

Mon, 05/11/2015 - 14:06 | 6081683 A Lunatic
A Lunatic's picture

The crisis actors got caught up in traffic........

Mon, 05/11/2015 - 14:11 | 6081717 Winston Churchill
Winston Churchill's picture

Don't forget the dialysis machine,like seal team 6 did.

Mon, 05/11/2015 - 14:27 | 6081789 The Wizard
The Wizard's picture

Thousands Of Very Strong And Armed Desert Nomads Form Their Own Private Army To Destroy ISIS (YET OBAMA IS NOT SUPPORTING THEM) - Walid Shoebat....

http://shoebat.com/2015/05/10/thousands-of-very-strong-and-armed-desert-nomads-form-their-own-private-army-to-destroy-isis-yet-obama-is-not-supporting-them/

Mon, 05/11/2015 - 14:02 | 6081658 OldPhart
OldPhart's picture

Dear citizen, welcome to the United States.  You are now an official debt slave.

What little history you retained over the last several years will be proven false.  Slavery was never eradicated, it just became disguised.

And you are even dumber than most of us think you are.  Realize that as you fill out a job application in crayon.

Tue, 05/12/2015 - 15:01 | 6082354 Radical Marijuana
Radical Marijuana's picture

The two matching bookends are the

criminality of the ruling classes,

& criminal negligence of those they rule over.

The first bracket is the driving force of the application of the methods of organized crime through the political processes, so that governments become the biggest form of organized crime, controlled by the best organized gangs of criminals. The second bracket is how, generation after generation, people adapt to being controlled by systems based on backing up lies with violence. Those who survived through that developed attitudes of evil deliberate ignorance, or criminal negligence, because the actual alternatives to debt slavery were to be wiped out in even worse ways.

The issue of whether people are "dumber" is quite paradoxical, since, for the vast majority of people it appears, within their actual personal circumstances, to be a much more practical, and a more intelligent decision, for them to accept the overall debt slavery systems, and so, to participate in those as best they are individually able to do. Indeed, that appeared to be the point of the cynical, albeit correct, advice offered in the Zero Hedge article above. The most socially successful people are those who are the best at participating in the established systems which ENFORCE FRAUDS. The kind of cynical advice given by Zero Hedge is like the baby steps version toward becoming a more competent professional liar and immaculate hypocrite.

Although taking place in a somewhat magical world, the land in which the TV series "Game of Thrones" takes place has its own manifestations of the struggles for power, which recreates the metaphorical ways that struggle works. (That TV show presents situations which are as old-fashioned as the first book on The Art of War, which starts by saying success in war is based on deceits, and ends by saying spies are the most important soldiers.)

The "GAME OF LOANS" involving those who borrow "money" made out of nothing, then having to start paying "INTEREST" on those "LOANS," is the direct result of the real world's "Game of Thrones," whereby the best organized gangs of criminals made and maintained governments which would ENFORCE FRAUDS by privately controlled banks, that could legally counterfeit the public "money" supply, in the senses of being able to make that "money" out of nothing as debts, as long as someone was willing to become the "borrower" of that "money," in order to justify the "lender" being allowed to make the "money" out of nothing in order to "lend" to that "borrower."

The entire language that surrounds those systems of ENFORCED FRAUDS is itself also fraudulent, to the degree that almost everything stated would have to be put in the context of "quotation marks," because everything being done is bracketed by the overall situation of ENFORCED FRAUDS dominating everything and everyone. Those are the established systems, where the entire political economy is based upon GOVERNMENT ENFORCED BANKSTERS' FRAUDS. Young people are born into those established systems, and therefore, their only practical choices are to cooperate with those systems, by becoming debt slaves, or, if they have the personal ability, and/or family connections, then they may become more able to take greater advantage of the opportunities to rise higher in the social pyramid systems, since the closer one is to the SOURCES of the public "money" supply being made out of nothing, then the higher up one is in the social pyramid systems.

The sociopolitical situation is EXTREMELY PARADOXICAL, to the point of being PSYCHOTIC. Participation in the political economy is participating in a system based on legalized lies, backed by legalized violence, where the relative degrees of social success an individual may enjoy in those circumstances are proportional to the degrees that they are able to rationalize their participation. In the "GAME OF LOANS" there is almost nothing but organized crime, surrounded by controlled opposition. Everyone has an "INTEREST" in that "GAME," because that IS the public "money" supply.

Everything takes place within the parenthesis of triumphantly leading organized crime, followed by criminal negligence. The deeper penetrations, of the social successfulness of being able to back up lies with violence achieves, also go through the heart of the controlled opposition groups. Therefore, OF COURSE: "Slavery was never eradicated, it just became disguised." The publicly significant controlled opposition groups assist with disguising the "slavery."

Human beings were never able to make energy and/or matter out of nothing. Human beings were always "slaves" of the laws of nature, while magical thinking was always a popular way to respond to that. The current leading example of magical thinking is the magical mathematics that allows the public "money" supply to be made out of nothing as debts by privately controlled banks, while that fraud is enforced by the public powers of governments. Generally speaking, nobody who enjoys relative social success WITHIN that system is able and willing to publicly admit the central social facts about that system. Rather, everyone enjoys social successfulness in proportion to the degree that they can parrot the kinds of professional lies and immaculate hypocrisy that the continued existence of that system depends upon. ENFORCED FRAUDS are legalized violence that backs up legalized lies, BUT, which never stops those lies from still being false, and therefore, overall, the society as a whole becomes more and more PARADOXICALLY PSYCHOTIC, the more socially successful become the established systems of ENFORCED FRAUDS.

One of the paradoxical aspects of the overall social situation is that human beings must necessarily live through systems of organized lies operating robberies, as soon as one defines human beings as being separated from their environment. Therefore, human beings necessarily live as entropic pumps of energy flows, and human beings have developed ways to perceive that which are as backward as humanly possible.

One of the ways that those paradoxical predicaments develop is that the controlled opposition groups to the core organized crime groups are similarly criminally negligent in the ways that they do not engage in deeper analysis of how and why the real world's political economy is based on ENFORCING FRAUDS. Not only are the vast majority of young people probably not going to ever learn much about the deeper levels of the central social facts regarding the actual "GAME OF LOANS," but also, those few who do learn something about the facts regarding that "GAME OF LOANS" are still going to be learning only the superficial versions of what the idealized "SOLUTIONS" to those "PROBLEMS" should be, as promoted by the various controlled opposition groups.

I REPEAT:

The matching bookends of the established social pyramid systems are that the rulers apply the methods of organized crime, while those they rule over become criminally negligent to the degree to which they do not understand that, and do not want to understand that. There is almost nothing but organized crime, surrounded by controlled opposition, at play in the the fictional "Game of Thrones," as well as in the actual "GAME OF LOANS." There is the dynamic promotion of backing up lies with violence, achieving its goals in ways which engender ubiquitous criminal negligence. Contemporary human beings almost universally indulge in magical mathematics, or the magimathematics based upon ENFORCING FRAUDS. The deeper reasons regarding how and why that is the actually existing situation tend to be deliberately ignored by BOTH the ruling classes, AND those they rule over.

While there is no doubt that students are born into the entrenched debt slavery systems, for the vast majority of them their most practical personal responses are the kinds of cynical attitudes given as advice in the Zero Hedge article above. Despite that those systems of ENFORCED FRAUDS are inherently structured in ways which drive their magimathematics to generate numbers which become debt insanities, that will probably provoke death insanities, for the vast majority of students there are no other practical personal choices, but to participate the best they are personally able to, WITHIN ENFORCED FRAUDS.

To genuinely go through sufficient paradigm shifts to develop a more realistic mathematics that respected the basic laws of nature that nothing can be created out of nothing, and nothing sent to nothing (instead of the magimathematics of ENFORCED FRAUDS, where "money" is made out of nothing, to "pay" for strip-mining the planet), is practically inconceivable at the present time, and obviously politically impossible, not only because the established systems are based on triumphant organized crime, but also because those central systems also control their peripheral opposition.

Generally speaking, almost everyone lives INSIDE fragmented fantasy worlds. (That is obvious to anyone who faces the central social facts that the existing political economy is based on ENFORCED FRAUDS.) Ironically, it is often the fictional worlds, created for the sake of distracting entertainment, that provide the best metaphorical presentations of the real world situations. Tragically, so far, those metaphors tend to also be grossly insufficient, because there is not enough of an audience that would want to watch any deeper presentation of how and why those metaphorical descriptions are apt.

Theoretically speaking, we should develop a monetary system based upon an energy standard, in which system it is NOT possible to make money out of nothing, nor send money to nothing. However, the degree of difficulty with doing that is symbolized by the degree to which the dominant philosophy of science takes for granted having reversed the meaning of the concept of entropy, by inserting a minus sign into the entropy equations, so that the measurements of power and information would end up being relative positive values, rather than relative negative values.

It is impossible to exaggerate the degree to which Neolithic Civilizations' social pyramid systems have developed for thousands of years based on being able to back up lies with violence. OF COURSE: "Slavery was never eradicated, it just became disguised." The American (and global) political economy is a sophisticated system of slavery, which has developed to become electronic frauds, backed by atomic bombs.

Young people are born into those systems. Students grow up INSIDE the "GAME OF LOANS," which are the established systems of ENFORCED FRAUDS that dominate and control their lives. Their "education" is primarily characterized by massive lying by omission regarding the central social facts about the "GAME OF LOANS" being actually based on ENFORCED FRAUDS. Education is the way that society reproduces itself. Since the established social systems are pyramid schemes based upon backing up lies with violence, those are the real world conditions that students are developing to be able to operate INSIDE, by becoming the next generation of professional liars and immaculate hypocrites, proportional to the degree that they are socially successful within those established systems.

"Education" in America is almost totally dominated either by the biggest bullies' bullshit directly, or indirectly by the controlled opposition groups which stay within the same frame of reference of the biggest bullies' bullshit world view. In the case of economics, economists are intellectual mercenaries whose careers are proportionally successful to the degree that they promote the banksters' bullshit. Young people who desire successful personal careers, INSIDE of the established systems based on ENFORCED FRAUDS, have to obliquely adapt to becoming whatever degree of professional liars and immaculate hypocrites that their personalities and talents will enable them to achieve.

In that context, Zero Hedge's article above provides that kind of advice, where the "real" world has become so bizarre and absurd that the "real" news more often looks like it should be a satire piece in a magazine like The Onion, rather than presented by the talking heads on the mass media. Since the established debt slavery systems were structured to automatically drive their magimathematics towards generating numbers which become debt insanities, which are mathematically impossible to ever repay, developing some ways to never actually repay is the only realistic response, (although that will cause psychotic breakdowns of the debt slavery systems, whereby the collapse into chaos of those debt insanities will provoke death insanities.) 

Generally speaking, the audience that is interested in more radical truths is vanishingly small, due to the degree that there is almost nothing but the core of organized crime, surrounded by controlled opposition groups. The magnitudes of intellectual scientific revolutions that it would take to somewhat better comprehend how and why the political economy is actually based upon ENFORCED FRAUDS, while the production of destruction controls production, are NOT something which the vast majority of people are able and willing to go through, no matter how much more severe their cognitive dissonance becomes. In the case of young students, they are going to be mostly overwhelmed by their education being the presentations of the biggest bullies' bullshit world view, while they might also encounter some of the so-called "alternatives" presented by various controlled opposition groups.

It is not clear what good in would do them personally to recognize how the world's resources already have claims staked upon them, which are backed up by coercion. It is not clear what is "dumb or dumber" regarding how to respond to the runaway systems of legalized lies, backed by legalized violence, which surround young people born into the American (and globalized) political economy which is based on ENFORCED FRAUDS operating through its "GAME OF LOANS ..."

My opinion is that the article above from Zero Hedge is not nearly cynical enough!

From an objective perspective, the ENFORCED FRAUDS of the international banksters make ALL the other crime gangs and military activities in the world COMBINED relatively TRIVIAL. ALL the other organized crime and military activities in the world do not add up to being more than, at the most, about $10 trillion per year, while the international banksters' government ENFORCED FRAUDS are orders of magnitude BIGGER!

The more than $one trillion and growing American Student Loans are relatively trivial aspects of the overall government & bankster ENFORCED FRAUDS. But nevertheless, those are the most symbolic destruction of the future caused by runaway organized crime and its matching criminal negligence!

Mon, 05/11/2015 - 14:02 | 6081659 grgy
grgy's picture

Or just keep borrowing and stay in school forever...

Mon, 05/11/2015 - 14:03 | 6081662 suteibu
suteibu's picture

Obviously an art major.  Nice graphics work.

Mon, 05/11/2015 - 14:10 | 6081710 Skateboarder
Skateboarder's picture

Not gonna help in competing for graphics design work w/ a jillion Indians and Chinese lined up on bid-based websites willing to do it for a fraction of the price.

"Oh you want $30 an hour? We'll get back to you..."

Mon, 05/11/2015 - 14:14 | 6081730 suteibu
suteibu's picture

I don't know.  If she's aware enough to put this on her cap, she is probably sharp enough to find a niche for her talents. 

I have a friend who freelances graphics work for Big Pharma (a boom market these days).  She's not that proud of it but it's a good paycheck.

Mon, 05/11/2015 - 14:29 | 6081795 Skateboarder
Skateboarder's picture

Agreed steibu - gals like her have likely awakened to see reality in full. Smart, hardworking, people tend to find work, even if directly or indirectly for morally reprehensible parties. Thanks to the excesses of the Web 2.0 bubble, a lot of graphics designers got good paying work. I think it will expire soon after the fabled market crash happens (marking end of Web 2.0 bubble), to be revamped by the IOT bubble that is to come next.

Mon, 05/11/2015 - 14:48 | 6081882 suteibu
suteibu's picture

Agree completely.

Mon, 05/11/2015 - 14:05 | 6081673 A Lunatic
A Lunatic's picture

As long as the Four Horsemen of the Apocalypse are really Fairy Godmothers riding Unicorns everything should be just fine.......

Mon, 05/11/2015 - 14:05 | 6081677 1stepcloser
1stepcloser's picture

can we get a frontal pic...I want to see if she can pay them off by using her looks

Mon, 05/11/2015 - 14:07 | 6081689 DutchBoy2015
DutchBoy2015's picture

I hear lots of women are paying off loans by part time prostitution.   So there is a bright side.

Mon, 05/11/2015 - 14:15 | 6081734 1stepcloser
1stepcloser's picture

until the BJ bots take their jobs...from a previous ZH article

Mon, 05/11/2015 - 14:18 | 6081750 Kirk2NCC1701
Kirk2NCC1701's picture

"Part-time Prostitution".  You must be referring to a <30hrs/wk ay one of those $7.95/hr jobs.

If that's not 'prostitution', then it's slavery.

Mon, 05/11/2015 - 14:10 | 6081706 CHX
CHX's picture

She seems to be a smart cookie... she might be doing ok... good luck 

Mon, 05/11/2015 - 14:15 | 6081737 Agent P
Agent P's picture

#momsbasement

Mon, 05/11/2015 - 14:16 | 6081744 youngman
youngman's picture

Pretty amazing she is Graduating....most dont...but then again she might have gone for 10 years....its just a party anyway...

Mon, 05/11/2015 - 14:17 | 6081745 Itchy and Scratchy
Itchy and Scratchy's picture

Socialaism kills! ALWAYS!

Mon, 05/11/2015 - 14:28 | 6081773 Kirk2NCC1701
Kirk2NCC1701's picture

You haven't experienced being  a Welfare Queen until you become TBTF, or get to buy stocks with the $80 B/mo that's being conjured out of thin air (on a keyboard) by the private currency cartel, called The Fed.  Or when you're the MIC/DOD and have to explain one day (9/10/01) why you can't find $2 Trillion that you lost, and no one asks about it again the next day or any day after.

All sing along now... "Money for Nothing, and Checks for Free.  Ah, that ain't working, that's the way you do it..."

Mon, 05/11/2015 - 14:20 | 6081758 Bighorn_100b
Bighorn_100b's picture

She must read ZH.

Mon, 05/11/2015 - 14:20 | 6081759 Eastwood
Eastwood's picture

Shortly after this picture was taken, this bright young mind was ostracized from the system for thinking independently. That said, she will still get a bill on a recuring basis.

Mon, 05/11/2015 - 16:46 | 6082433 do-loop
do-loop's picture

http://youtu.be/TGj7TIEMijA

Independent thought alarm.

Mon, 05/11/2015 - 14:21 | 6081765 tlnzz
tlnzz's picture

Everytime I read about student loans, I wonder how many parents have cosigned and have there assets at risk.

Mon, 05/11/2015 - 14:33 | 6081813 Bill of Rights
Bill of Rights's picture

Many, it just goes to show you the ( lack of ) intelligence of the typical American. Hence why the crony crocked ( so called ) leaders in DC get away with what they do.

Mon, 05/11/2015 - 14:58 | 6081938 DontGive
DontGive's picture

Parents don't have assets. They have liabilities up to their eyeballs too.

Mon, 05/11/2015 - 14:31 | 6081806 czarangelus
czarangelus's picture

Speaking from my own experience, there's nothing quite like the feeling of waking up from the Matrix while 3 years into a philosophy degree at a $40,000 a year university.....

Mon, 05/11/2015 - 14:49 | 6081890 Mike Honcho
Mike Honcho's picture

Switch majors or dropout.

Mon, 05/11/2015 - 16:18 | 6082311 Herd Redirectio...
Herd Redirection Committee's picture

It can be tough, because we have also been ingrained to "finish what you started"...  That dropping out midway is a total loss, that cannot be in any way compared to finishing one's degree, no matter the cost.  Did I mention business/finance basics are not that well understood by the majority?

Mon, 05/11/2015 - 14:36 | 6081829 Matthew John
Matthew John's picture

Because you probably didn't study to become a petroleum engineer, you will likely find your student debt burden to be quite onerous....

LOL

My daughter is an engineering student at the school with the #1 program for petroleum engineering. 

With the low price of oil, even the summer internships are drying up.

So, even petroleum engineering is no guarantee that you'll find a job.

Mon, 05/11/2015 - 22:41 | 6083530 squid
squid's picture

MJ!

 

Not to worry, I was in Engineering at the University of Alberta in 1986 when oil when from 36 to 9 bucks in about 6 weeks. Blood in the streets my friend and the VERY FIRST TIME since 1946 (when they discovered oil at Leduc) that engineering students had difficulty finding summer work. They had oil projected to go to 50 and down she came.

 

But the crash came and went. 2 years later I was up in the Arctic on a seismic boat and things were back up again. Your daughter has the privilege of watching and learning form her first crash, I sure did. Seeing that unfold when I was in my early twenties cured me forever of the bullshit that real estate can never go down in price. I was in Alberta in 1986, I can assure your that real estate can and does come down.

 

This is a learning moment for young people, if they open their eyes.

If she's in engineering, she'll be ok.

Squid.

Mon, 05/11/2015 - 14:39 | 6081839 WTFUD
WTFUD's picture

I've paid off 12-15 student loans even though i never had one myself.

Mon, 05/11/2015 - 14:48 | 6081877 City_Of_Champyinz
City_Of_Champyinz's picture

The kids graduating now are so FUCKED...

Mon, 05/11/2015 - 14:57 | 6081933 kchrisc
kchrisc's picture

ReadyReserve, "SA", fodder.

Liberty is a demand. Tyranny is submission.

Mon, 05/11/2015 - 14:51 | 6081894 kchrisc
kchrisc's picture

Funny how one cannot get "student loans" for the various survival schools around the nation.

Maybe it's the shooting and combat tactics classes that make the schools undesirable.?!

Liberty is a demand. Tyranny is submission..

 

Had some sheeple-fun again this weekend. Went to a middle-school Lego event with a friend whose son was displaying. I overheard a group of 6 parents discussing "Real-ID." So of course, I go over and join the group. Then at the apropos moment I tell all listening, now 8 parents, that "Real-ID" never went away, but was rolled into their driver's licenses. Dazed and confused stares. Then I told them how Zion really runs and plunders things. No one wanted to touch that. Then, while the griddle was hot, I reminded them of the Nazis requiring Jews to wear gold stars. A few nods, most unsure where I'm taking this listing ship, and are looking for the exits. Then I have them take out their drivers licenses. 3 do so, and I then point out the gold star in the corner. More take out their licenses to look as I stroll on off to "observe and report" on the MILF situation to my friend.

Mon, 05/11/2015 - 14:57 | 6081923 Mike Honcho
Mike Honcho's picture

You just earned a lifetime ban to my get-togethers.

Mon, 05/11/2015 - 15:01 | 6081964 DontGive
DontGive's picture

Aside from the joo thing (which got old a long time ago), many of his points are valid.

But yes, might ruin a BBQ - unless it's a skinhead BBQ.

Mon, 05/11/2015 - 15:36 | 6082139 City_Of_Champyinz
City_Of_Champyinz's picture

lol you should look up the song 'skinhead BBQ' by the Dance Hall Crashers. 

Never in a million years would I expect to see someone make a comment about a skinhead BBQ...

Mon, 05/11/2015 - 15:37 | 6082142 kchrisc
kchrisc's picture

With respect, but "Zionism" is not a "Jew thing," but a power and plunder thing--tyranny. Zionism is abhorrent to Judaism, and so-called Jewish Zionists only wear Judaism as a shield from which they then can operate behind unmolested.

The reason that seeing Zion is important, is that one cannot truly understand what is happening in the DC US, west, and globally without understanding that there is a group up and above what we traditionally see, government, pulling the strings for their benefit.

Unfortunately Zion has successfully linked Zionism to Judaism, and made any critical discussion of Zion taboo. I reject that taboo, and my insistence upon bringing it up is an attempt to try to render the taboo less powerful. Not that I, and others, are correct about Zionism, but there should be honest discussions and opinions about Zion's true place in the world, and the west, not fear based avoidance.

Regardless, Zionism or not, the answer is not about cattle cars and labor camps, but about taking away tyranny's punchbowl, fraudulent-reserve banking, and their "stick," big, criminal and violent government.

Liberty is a demand. Tyranny is submission..

Mon, 05/11/2015 - 15:21 | 6082077 kchrisc
kchrisc's picture

The reason I did, do, it this way is because if one just says, "It's part of your drivers license, and that gold star is part of it," they will forget it before you even walk away.

If you link it to a larger and more menacing situation, FUD, which in truth it is, they will not forget it, and will have an uneasy feeling every time they hear "Real-ID." Power is doing this with ISIS as we speak.

I also used questions, in a modified "Socrates Method," so as to draw them into my "mind-trap." Then I sprung the trap.

I'm learning and practicing using power's propaganda techniques against them. A few years ago I would have engaged these people in a convo and interjected my beliefs and knowledge which would have been quickly forgotten. Now I use certain techniques to hit them between the ears in an effort to induce them to think and do some research of their own--wake them up. My hope is that these eight people, as time goes on, become more and more uneasy about the economic and political situation in the DC US, and then, partly because of what I said, will begin to ask questions of their own.

Liberty is a demand. Tyranny is submission..

Tue, 05/12/2015 - 01:16 | 6083816 StychoKiller
StychoKiller's picture

"There are none so blind as those that refuse to see!"

A nagging question with no pat answer is like a "splinter in the mind,"  such as:  "Do you know what the 'Mandrake Mechanism' is?" 

"How is it that the same-sized piece of paper can be worth $1 or $100, depending on the ink job?" 

"Whatcha gonna do WHEN all the banks confiscate everyone's deposits?"

Mon, 05/11/2015 - 14:54 | 6081910 Mike Honcho
Mike Honcho's picture

Judging by her design skills: art major.  Ouch!!

Mon, 05/11/2015 - 16:24 | 6082340 Hubbs
Hubbs's picture

Lovely hair, I'll bet a hair dresser. Actually, what I mean is  that is what she'll wind of doing.

Mon, 05/11/2015 - 16:47 | 6081914 richsob
richsob's picture

Screw these cry babies.  I borrowed a shit load of money to get my degree and paid it all back.  Every penny.  I made my monthly payments for 10 years and you can believe it wasn't easy a lot of those months.  My parents couldn't afford to pay for everything so I did what I had to do to make it.  I worked and the shortfall was made up with loans.  I figured it was an investment in myself.  And it was.  But I wasn't the type to expect someone else to just hand me something either.  It really pisses me off when someone borrows money for their education and then either (a) get a stupid degree or (b) aren't willing to take damn near any job like I did to get on their feet after graduating.  Too many of these people don't want to take a job that is "beneath them".  It's BS, people!

Mon, 05/11/2015 - 17:13 | 6082491 Chuck Knoblauch
Chuck Knoblauch's picture

I'm red flagging you for an IRS examination.

You cannot hide.

If you're not in America, we can still find you.

Mon, 05/11/2015 - 15:10 | 6082014 q99x2
q99x2's picture

Arrest Lloyd Blankfein.

Mon, 05/11/2015 - 15:45 | 6082181 Downtoolong
Downtoolong's picture

the entirety of your student debt will be forgiven in 25 short years

By which time your kids will have just graduated college and started on the program too.

Mon, 05/11/2015 - 17:17 | 6082546 Chuck Knoblauch
Chuck Knoblauch's picture

Tuition was free in early America until the Bolsheviks arrived.

Mon, 05/11/2015 - 17:23 | 6082563 Chuck Knoblauch
Chuck Knoblauch's picture

 

 

  • Early 1800s: Many colleges do not charge tuition (or have very low rates), but only the wealthy can afford the living expenses incurred during study.

    Much like parents today have to help support students as they attend college, at the turn of the 19th century families also paid for room and board, books, clothing and other supplies their young scholars would need. Most could not afford these expenses or the luxury of not having an adult member of the family in the work force.

  • 1870: Tuition at Harvard was a mere $150 per year.

    For half that, just $75, students could attend Brown University for a year. While a pittance today, this was still a fair amount of money at the time (about $3,000 in today’s dollars), and many lower class families would never be able to afford college without scholarship support.

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