by Dave Hodges, The Common Sense Show:
Would you throw good money after bad? Well, if you are keeping your money in the bank and still paying taxes after reading this, you are throwing away everything you have worked for.
The undeniable and catastrophic truth behind the absolute collapse of the American economy is discussed int his article. America is getting hit with two major economic tsunamis and only a scant few are paying attention.
Catastrophic Statistical Comparisons
Most financial experts agree that there is an 800 pound gorilla in the room that is totally being ignored by the main stream media. The 800 pound gorilla is the college Student Load Program.
A striking parallel can be made between the Student loan debt of 2016 and the housing market bubble of 2007. For purposes of comparison, please keep in mind that the housing bubble collapsed the economy of the United States. The only reason that the collapse did not turn into a free-fall was because Congress allowed Wall Street to financially rape the people’s money and forcibly borrowed against the people’s future earnings. We called this process “bail-outs”. The problem is that the bail-outs were not able to stem the tide of the debt, it only served to slow down the crash and burn, while the bankers figured out how to liberate our personal assets as well (e.g. bank accounts and retirement funds).
The Twin Towers of Doom
I would be willing to bet that most of you think that the above-mentioned subtitle reference was about 9/11. It’s not, it is about the coincidence of a massive debt bubble that will ultimately make the housing market bubble look tame. And please remember that the housing market bubble is still critical and the first wave of this bubble nearly killed America.
America is ready to get hit with a new financial tsunami and it is the college Student Loan Debt. Before exploring the train wreck awaiting the American people because of the student loan debt problem, let’s dust off some cobwebs and show the readers the housing market bubble that nearly drove a stake through our collective hearts.
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