The worst type of predatory lending stems from the Student Loan Industry.
This story is quite sad. Its not uncommon, that this is the plight of millions of students across the country. Forget for the moment you actually have a job, what about the millions of students who don't have employment? The jobless rate for new college graduates are the highest in decades. I understand that you don't have to start paying these loans immediately, but sooner or later the debts stack up.
The $555,000 Student-Loan Burden
http://online.wsj.com/article/SB10001424052748703389004575033063806327030.html?mod=wsj_share_twitter
I will for the life of me never understand the Student Loan Industry. I just don't get it. I understand the scam that it is, but don't understand the psychology of students who get brainwashed into higher education. You see it on TV with these ads for online education. People who have Ivy League degrees are sitting at home, what makes you so sure your on-line degree is going to put you in a better situation? Its just another scam by the student loan industry to enslave students from the get go. These people who are diluting themselves getting their degrees online are better off working at Starbucks. It will be less costly long term. Why cant these people learn a trade? Be a plumber or a welder?
Its the same thing with marriage and the idea of God. You have to get married! You have to get an education! You have to own a House! You have to believe in God! Its all crap to control you and enslave you. We have had our brains drilled from the time we are embryo's the same silly rhetoric.
Its this endless talk of fear that puts people in a defensive posture. Fear of not getting the right job. Fear of being alone. Fear of going to hell. This is how society controls you, through fear. This is how they control you to the day you die. They want you to conform to what they think is right.
There are certain types of people who are just not set out to attend college. Just like there are millions who should never get married.
Yesterday was Ash Wednesday. This is the day I can easily spot the Jesus Freaks from a mile away. The guy who thought up the Efficient Market Hypothesis must have been a Jesus Freak because these nitwits are the only ones who think they live in reality.
What are these people going to do when they die and there is in fact no Heaven. I would give about $23 Trillion just to see the look on the faces of these people when they find out that Jesus never existed. That in itself will make the next 50 Years of economical hell worth it.
I can not wait. Bring it on.
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