Suze explains how student loan crisis is looming as the next big thing. She says the real estate implosion and banking crisis including the credit crunch have not yet been dealt with well. She implores Congress to head this one off at the pass as our young people are being saddled with compounding interest at such a rate that very quickly the loans become insurmountable. The show took place on 1/24/09.
Duration : 0:3:45
Correction!! …
Correction!! College is not a investment. When you are given a debt to re-payback at interest you are not making a profit off the loan. What you mean by investment is when the investor making the loan is making a profit on the re-payment with interest ociated with the risk of the loan. The student is the biggest loser who has signed on as a PERPETUAL DEBT SLAVE to the FIAT MONEY SYSTEM. The student has no GOLD but believes he/she is getting such w/ a DEGREE aka FOOLS GOLD.
If you have …
If you have facebook, there is a group with 200+ thousand members called: “Cancel Student Loan Debt to Stimulate the Economy”
There is also a petition which you can find there.
The education …
The education industry is like the cigarette industry. It is engaged in selling an expensive product of doubtful value (a degree) and it is pushing sales by using a HUGE marketing machine. The shills for the education industry include your high school counselor, Oprah, nonstop TV ads for ITT Tech, and even your parents. Going to college should be marketed like joining the Army–for some people it will change their lives for the better and for others it will be the WORST mistake they ever made.
America is over. …
America is over. China,Russia, or some other country will be the next super power.
um, that’s a dumb …
um, that’s a dumb way of thinking. Everyone should go to college because it is an investment that will benefit you in the future. It’s about getting the most you can out of scholarships, grants, etc, etc. People should weigh the differences between state schools vs private schools. To say someone shouldn’t try to go to college because they can’t afford it is ignorant and a bit elitist.
“If you don’t have …
“If you don’t have the money don’t go.” “Its your fault for signing.” Im sick of reading comments like this!!!!! Education has been the great equalizer that has given millions of people the opportunity to improve their economic situation. A nation in which its citizens have no economic mobility is doomed. Can people fault students for doing exactly what they have been instructed to do since Kindergarten, GO TO COLLEGE. Otherwise they will join the ranks of burger flippers and Wal-Mart greeters.
LOL! Well a liberal …
LOL! Well a liberal arts degree is not worth 50k in debt.
Then what work at …
Then what work at Wal-Mart for $8.50 an hour? We live the Fascist States of Corporations where corporations and government are in collusion with one in other to enslave the population.
College is an …
College is an investment. All investments involve RISK. College is one of the riskiest investments you can make. If you don’t know if you can afford it, then DON’T GO!!
Thank you to Suze …
Thank you to Suze Orman for making this problem public.
We all know …
We all know SOMETHING is coming… and that the worst may be yet to come…
If you’re wondering how to PREPARE FOR and GAIN FROM it check out:
(3W.) prepareforandgainfrom (dot) (com)
July 29th, 2009 at 1:34 am
That is very …
That is very possible. Rome didn’t last forever. Corporate greed is what will bring America to its knees..