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Thread: The Endgame of the Student Loan Debacle - Now it makes Sense

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    The Endgame of the Student Loan Debacle - Now it makes Sense

    I'd heard of Stefan Molyneux any number of times, but given how...geeky...the Webcast-Podcast community is, the tricks, the tools...it took me awhile to actually come across his program and longer to find the hidden DOWNLOAD MP3 buttons.

    But anyway. Molyneux, who is painted by the Left as a Libertarian kook, actually makes a great deal of sense on a number of topics. Today, while working, I was listening to his thoughts on the Student Loan situation - as he took apart the complaints of the young woman who racked up $90,000 in debt, and nine years later has yet to pay on the actual principal of it.

    Freedomain Radio Podcasts with Stefan Molyneux (MP3 archive)



    The way he breaks it down - and he doesn't even draw the conclusion, at least not strongly - but what it adds up to, is terrifying.

    And demonic, in the PURE EVIL wreaked by the Obamatons, as they nationalized Student Loans.

    It's this way: The universities are jam-packed with MARXIST ACTIVISTS. We know that; we see, in smuggled smartphone vids, what they teach their young charges. They despise America and capitalism and individual freedoms.

    AND, we've all noted, the IRONY - of how they are paid so well, and how they charge their students such huge amounts; how the costs have increased fivefold in a generation.

    And, not incidentally, the balance of males to females has skewed violently in favor of the latter - and the array of absolutely USELESS courses of study, has grown like weeds.

    Here's what the Education syndicate is up to: First, they're overcharging, GROSSLY, for an increasingly-worthless product. They're doing what they accused Trade Schools of doing, 25 years ago - charging all out of proportion to what they deliver; and hustling their young charges into the loans programs to raise the money.

    Meantime, the educrats, from government grade-schools on, promote the false connection, COLLEGE -> SUCCESS. They build the image of how it's REALLY SMART people who have the diploma. So, if you go to koledge, you'll be really-smart, too.

    Stefan takes that logic apart, easily. One might as well ask for a professional NBA Player's contract - because professional basketball players are tall, demand a contract, and that will make you tall, too.

    The interest rate on College Obamaloans is STILL...NINE PERCENT. That was the rate when I was going to college - and in that era of 18-percent auto loans, those were a bargain. You could borrow $3000 with little fear...paying it off might be burdensome, but your future wasn't destroyed.

    Now, in an era of 0-percent Federal Reserve prime rates, of two-percent car loans, koledge loans are...nine percent. And ONLY government can make them.

    And they cannot be dodged. They are not discharged in personal bankruptcies.

    The young woman Stefan referenced, did an opinion piece complaining of her debt, her obligatory overtime, how a couple of years' hard times racked up the penalties; and how nine years after working twelve-hour days, plus commute times, she has yet to pay anything on the principle. She bemoans the lack of options - starting with things as trivial as not having money for evenings out; but then on to how this obligation makes her grossly unattractive to men looking to marry.

    If you're like me, you're saying "Tough toenails."

    BUT...think this one through. This woman's case is not unique - it's becoming ubiquitous. ALL these educated idiots...with all this debt...

    ...HEY! There's a WAY OUT OF THIS! ELECT HARD-LEFT DEMOCRATS WHO PROMISE TO FORGIVE THE LOANS!!.

    And...MAKE KOLEDGE FREE!! Yeah...THAT's the ticket...SOCIALISM!!!.



    Which is exactly what Barry, Hillary, Red Timmy Kaine, the whole cast of idiots in the Dumbo Party...PLUS the plague of perfessers in these sumps of lower-living that used to be universities...what they ALL want.

    Barry's puppetmasters...led him to set the table on this, perfectly. There is NO WAY this juggernaut is going to be stopped.

    What do I think we should do? I don't know. I do think they'll get the loans forgiven.

    I don't know how you can RESIST the pressure to forgive the loans and make koledge "free." Now it's all these SJW bimbos; AND whatever men they're involved with, to the extent they are involved. AND their parents, many of whom cosigned on those insanely-huge loans.

    That's a hell of a coalition there. As Stefan posits, debt is slavery - and slaves aren't mollified with fruitious pronouncements about personal responsibility and the obligation of a borrower to meet the terms of his promissory note.

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    And college loans are like credit card debt it is a revolving interest rate. I was suppose to have my loan paid off in 12 years. 12 years comes up and I still have $3,400 left. I said screw that and wrote out a check and paid it off. That's when I found out the load was like a credit card loan. You will never pay those loans off unless you can write a check for the full amount at one time.

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    Just another Cloward and Piven tool to break the public bank of the taxpayer who will cover the forgiven loans............

    And look who cashes in the whole time................
    "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

    - Ronald Reagan

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    I paid mine off within a year, but I also went straight from college to employed in a career instead of college to Starcucks, didnt buy a car I couldnt afford, etc.

    These people need Dave Ramsey.

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    I have no money at all now. It was extremely helpful becoming an art major to work as a taxi driver and to be replaced by an uber driver.
    Is there's a way to get at least $400 loan to not starve to death?

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    Quote Originally Posted by lodrek View Post
    I have no money at all now. It was extremely helpful becoming an art major to work as a taxi driver and to be replaced by an uber driver.
    Is there's a way to get at least $400 loan to not starve to death?
    Welfare is free. It's not much but it will keep you from starving. Here in California The Residency requirement is all of 10 days. If you get in trouble, come to California.

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    Quote Originally Posted by lodrek View Post
    I have no money at all now. It was extremely helpful becoming an art major to work as a taxi driver and to be replaced by an uber driver.
    Is there's a way to get at least $400 loan to not starve to death?
    If it were me, I would become a waiter. That's what almost every aspiring actor does out here in hollyweird. It's steady work and it's cash every day and most of it is under the table, that's about as good as it gets for manual labor.

    If it were me, I would learn a high-paying trade as quickly as possible. There's no work for art majors unless you want to become a museum curator. Computers are good, nursing is good, anything with a big demand is good. You also have to find a geography where you can be successful, if you're in sales and you have a Persian surname you can make a fortune out here in Los Angeles.

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    Quote Originally Posted by lodrek View Post
    I have no money at all now. It was extremely helpful becoming an art major to work as a taxi driver and to be replaced by an uber driver.
    Is there's a way to get at least $400 loan to not starve to death?
    A $400 loan will not keep you from "starving." It just delays the inevitable. AND it adds to your cost when you bounce back, if you do. If you do not, that is money gone - which is a consideration for anyone loaning you the money. Except of course, Mercedes-Marxist pols, who want that loan on you like a leash - and want to turn you into a Marxist Useful Idiot, with the dangled-carrot of loan "forgiveness."

    You could consider becoming an Uber driver yourself. Or you could consider GETTING A JOB. If you can't get one where you're at, you can move to areas that have them. They're all over, here in my Western Montana town.

    While you work, at whatever entry-level job you get, you can put out resumes for whatever jobs "art majors" are qualified in. And when you finally come back to reality, you could attend trade school or an apprentice program.

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    There is opportunity out there for those who apply themselves and it doesn't have to involve college. The key is doing more then the next guy. Working harder, learning the job, and being RELIABLE. But success ain't gonna happen at Starbucks.

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    Practically, i wouldn't recommend this to anyone, but i've tried it and it's looks solid, so if oyu in need of payday loan, you might try REMOVED
    Last edited by Trinnity; 11-14-2018 at 07:09 PM.

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