In this video, I talk with author and economic analyst John Sneisen about the vast amount of students defaulting on their student debt and why G. Edward Griffin's Red Pill University will change the game.
For years, kids with high hopes have flooded into the university and college system where they get a massive loan with a ridiculous level of interest, enter some arts and humanities course, or perhaps women's studies only to be propagandized and indoctrinated by a Marxist professor who teaches them to hate everyone different than them under the guise of being a "social justice warrior." They then leave college/university and find themselves without a job, depending on their parents, hopes and dreams shattered and up to their necks in debt for many years to come. THIS is the reality of the university and college system and it's an absolute joke.
Outstanding student debt in the United States sits at 1.5 TRILLION DOLLARS!
Now many will say the government should pay for this. However, the government's already incredibly involved and one of the main reasons the costs are so high. The more the government's involved the less competition flourishes, the more dependent the system becomes and the more inflated the prices become. The more government (or the taxpayer) pays, the more the price goes up. It's the same thing as the healthcare system.
So the solution isn't taxpayers paying off 1.5 trillion dollars worth of debt which is insane to even consider, the solution is quite simple... Stay away from university and college. Stay out of school. Educate yourself. Be responsible. The college and university system is built today in order to indoctrinate you into dependence and to destroy responsibility which is integral to liberty and freedom.
G. Edward Griffin founded The Red Pill University following the 2017 Red Pill Expo in Bozeman, Montana. The Red Pill University sets out to give individuals the red pill in all areas of life. From finance and markets to health and schooling. Then there's farming, media, activism, culture and conspiracy.
The Red Pill University is so incredibly important because it ACTUALLY educates individuals from all walks of life and the fact of the matter is, everyone knows there's something wrong. To understand what is exactly wrong is to educate yourself enough to be the change you wish to see in the world. This has a lasting impact.
Faculty include Mr. Griffin, Lord Monckton, Alex Newman, Holly Swanson, James Corbett, Joel Salatin and the list goes on. We at WAM are proud faculty ourselves!
You can find the Red Pill University at RedPillUniversity.org.
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I heard stories about US student loan debt, but I didn’t realize it’s at $1.5 trillion. Yikes!
And it's only climbing!
That’s not a bubble! It’s a hyperbubble!
G. W. Bush: "Everyone should own a house!"
Housing Bubble is created, then pops.
B. H. Obama: "Everyone should get a degree!"
Education Bubble is created. <-- You are here.
More than 1 trillion $ in debt, more than the housing crazy, that says it all... :( crooked world
Well stated: educate yourself!!!
From what I understand the student loan debt is the country's largest asset. When we get defaults in mass it's game over. Great info as usual. Thank you.
The main problem with the student loan debt crisis is people who are unfit for college enrolling in college. Yes, it's the cliché college isn't for everyone, but that's obvious from the dropout rates. There are multiple paths to the middle class; some people can get there by learning a trade in a vocational school or doing an apprenticeship. After all, someone has to do the dirty work; we can't all work office jobs. Community college would also be a cheaper alternative if you plan on majoring in being a business major.
The traditional school system is completely obsolete. The government and the students just don't know it yet.
this is peanuts in the ocean of debts whose ramifications are dire
you should read my blog: Black Friday Is An Industry Trick Designed To Spend Ourselves Into Oblivion
I agree student debt is a huge scam that banks and colleges are in on. I actually enrolled in a cheap community college years ago and that was completely covered by financial aid. Luckily I chose to not take out any loans because I was young and didn't know what I'd be getting into. The whole time felt like I was wasting my life learning useless information.
I applied for the same college again for next year but this time I WILL take out loans. Only for the college benefits and to support my living expenses. I admit I don't plan on paying them back and I know exactly what to do when the debt collectors show up. They are BULLIES. They trick you into thinking you are morally wrong for not paying back non-existing money.