Hugor Hill Posted September 9, 2014 Author Share Posted September 9, 2014 Yes, it'll be the next bubble to pop. Can you default on your student loan? Link to comment Share on other sites More sharing options...
CanadianLoonie Posted September 9, 2014 Share Posted September 9, 2014 Can you default on your student loan? No, the US government passed specific laws to decreed that student loan debt cannot be discharged even after declaring personal bankruptcy. Link to comment Share on other sites More sharing options...
Hugor Hill Posted September 9, 2014 Author Share Posted September 9, 2014 No, the US government passed specific laws to decreed that student loan debt cannot be discharged even after declaring personal bankruptcy. Yeah what John Oliver said. So how can this be a bubble if it can't burst? Link to comment Share on other sites More sharing options...
CanadianLoonie Posted September 9, 2014 Share Posted September 9, 2014 The bubble bursts when enough student-loan debtors go delinquent on their debts. Link to comment Share on other sites More sharing options...
Jimayo Posted September 10, 2014 Share Posted September 10, 2014 Yeah what John Oliver said. So how can this be a bubble if it can't burst? How can you possibly think the law decides if someone is capable of paying something back? 48% of Bachelors holders aged 22-35 are either not working or working min. wage. If they've got 30 grand in debt it doesn't matter what the law says they'll never be able to pay it off so they'll go to debtors prison(can't believe that shits back). Link to comment Share on other sites More sharing options...
nucklehead Posted September 10, 2014 Share Posted September 10, 2014 Oh my god! Student debt is now the 2nd largest private consumer debt in the US. Well when you view the rest of consumer debt as defined by credit card debt then it makes sense. I'm not sure what else would fit betweent these two entities. Nothing sinster here folks. Link to comment Share on other sites More sharing options...
Hugor Hill Posted September 10, 2014 Author Share Posted September 10, 2014 The bubble bursts when enough student-loan debtors go delinquent on their debts. Or $15 min wage 50 hours per week and live with parents. Link to comment Share on other sites More sharing options...
CanadianLoonie Posted September 11, 2014 Share Posted September 11, 2014 Or $15 min wage 50 hours per week and live with parents. Yes, that's one way of existing as a debt slave of the government. Link to comment Share on other sites More sharing options...
Hugor Hill Posted September 11, 2014 Author Share Posted September 11, 2014 Yes, that's one way of existing as a debt slave of the government. Most people are debt slaves to either the bank or the government. Link to comment Share on other sites More sharing options...
CanadianLoonie Posted September 12, 2014 Share Posted September 12, 2014 Most people are debt slaves to either the bank or the government. Correct. Which is why governments should be made to 'go away'. The most peaceful way to accomplish that is to stop paying taxes and starve the beast to death. Link to comment Share on other sites More sharing options...
GPCanucksFan Posted September 12, 2014 Share Posted September 12, 2014 Love this show, watch it every week. The one he did for the World Cup was my favorite Link to comment Share on other sites More sharing options...
Hugor Hill Posted September 12, 2014 Author Share Posted September 12, 2014 Correct. Which is why governments should be made to 'go away'. The most peaceful way to accomplish that is to stop paying taxes and starve the beast to death. Please elaborate. Link to comment Share on other sites More sharing options...
Guest Posted September 12, 2014 Share Posted September 12, 2014 Please elaborate. Pie in the sky. Link to comment Share on other sites More sharing options...
The Ghost of Tom Joad Posted September 12, 2014 Share Posted September 12, 2014 Superior to Stewart and Colbert in terms of sheer content. Mostly because he's not wasting his time feeding his ego waiting for applause like they tend to do. That being said, it seems that everyone tied to Stewart, except that dull blonde lady, has gone onto a decent hollywood career. Well, to be fair, Oliver is doing his show only once a week for just 30 mins. It's not always easy to write topical, political satire for four 30 mins shows each week (with reference to Colbert). But I'm glad the OP started this thread. It really is a superb show. In a way, because the show is only once a week the quality is extremely high because and the writers really need to make smart choices about what issues they want to spotlight for that week. The ones on Students Loans and the Wealth Gap are brilliant, but I also thought the one on Ferguson and increased militarization of the police in US was as excellent, which has not yet been posted. Link to comment Share on other sites More sharing options...
The Ghost of Tom Joad Posted September 12, 2014 Share Posted September 12, 2014 Most people are debt slaves to either the bank or the government. Marxists will argue that's Capitalism's way of controlling the proletariat. Buying on credit encourages people to purchase things they often cannot afford, but keeps them calm and obedient on the promise that one day they will be pay it off-- if they work hard and don't cause problems. Debt makes workers predictable and easy to control. Generally speaking, people with mortgages can't afford to behave irrationally and to go on strike in hopes of improving wages or working conditions. Link to comment Share on other sites More sharing options...
Russ Posted September 13, 2014 Share Posted September 13, 2014 So happy I saw this post, been watching a ton of videos and they are great. Link to comment Share on other sites More sharing options...
CanadianLoonie Posted September 13, 2014 Share Posted September 13, 2014 Please elaborate. A government can only fund itself thru the following ways... 1.) User fees for the services it provides...like every other business 2.) Taxation...aka legally-armed robbery of people under it's jurisdiction 3.) Borrowing/Deficit spending...with principle and interest to be serviced and paid by Taxation...aka legally-armed robbery 4.) Monetary Inflation/Currency debasement...printing money and stealing people's purchasing power by legalized sleight of hand theft Since most governments fund themselves by Taxation and Borrowing, not paying taxes is a direct existential threat to their survival, and sure as hell more peaceful that using bullets and bombs to make them 'go away'. Link to comment Share on other sites More sharing options...
Hugor Hill Posted September 16, 2014 Author Share Posted September 16, 2014 Oh god this is a good one on Scottish Independence: Link to comment Share on other sites More sharing options...
TheMohammadman Posted October 16, 2014 Share Posted October 16, 2014 http://www.youtube.com/watch?v=M_WWPHbcqZc Link to comment Share on other sites More sharing options...
Mr. Ambien Posted October 16, 2014 Share Posted October 16, 2014 I guess if you never get tired of the "comedy news" gimmick (from another Jon Stewart understudy -- except with an English accent), or just find Jon Stewart too handsome or funny, this show is just perfect. Link to comment Share on other sites More sharing options...
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