commentary by Roger Erickson
Student debt hits record 1 in 5 US households
"With college enrollment growing, student debt has stretched to a record number of US households -- nearly 1 in 5 -- with the biggest burdens falling on the young and poor."
Why not just be honest, and rename this pattern as indentured servitude, serfdom & hereditary slavery?
We can spend unlimited amounts of currency into existence for programs that the wealthy hire lobbyists to promote - from NASA to the DoD to agriculture and corporate and bank subsidies .... but we can't find any fiat currency to spend on mandatory education, mandatory public health measures, or mandatory minimum care for our own elderly? Rubbish!
It's not just that our electorate doesn't understand how a fiat currency works, they simply don't understand their situation. That's a recipe for disaster.
A foolish population & their future are soon parted.
We're already deep into a civil war.
"Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their [personal] gains."
That's what I was trying to get at in an earlier post, pointing out that we're duped into fighting a civil war against ourselves, by proxy. Apparently this crowd doesn't know what a prion is anyway. Anyone have the imagination to write out contingency tables for what's next, i.e., what lies beyond even social variants of the prion phenomenon? It really doesn't matter how exactly we describe & document the escalating crimes in an evolving class war. All that matters is what we do about them, and how quickly. An ounce of prevention is still better than a pound of cure.
Until then, we're once again manipulated into pitting ourselves against ourselves, this time for the twisted principle of merchant's rights, not even states rights. Same real stakes, however.