Thread 520860156

Got what I voted for award

this is gonna be a spicy market crash

who cares?
it's all fake anyway

>>520860156 (OP)
Student loans are going to melt down over the next year or so. People are just not paying. There will either be mass-garnishment and a glut of lawsuits which clog up the court system, or the government will have to cuck out and back down. Trump has been botching the student loan situation since he got back into office.

People had 5 years to pay on student loans while they collected zero interest. When do we say that to a degree that debt is their own fault?

>>520860534
It was their fault as soon as they decided to sign on the dotted line, to pay for a liberal arts degree, or anything just as useless.

>>520860534
Fuck you and your usury. That's what we say.

>>520860290
Next time get a better degree and not something stupid that will never get you a job to pay off those loans. https://www.youtube.com/shorts/GCxXGpeY7pU

>>520860534
Why would you have paid money toward your "debt" when they weren't asking for payments?

>>520860664
There was no interest for 5 years though. That's not usury.

>>520860664
Yet you fags are still stupid enough to fall for the jew scheme.

>>520860156 (OP)
This is because Trump’s DOE decided to collect on ALL deferred student debt btw.
Presidency of bookies, loan sharks, thugs, and various goons

>>520860764
>scamming kids out of their money and charging them interest isn't usury!
fuck you and your usury

>>520860156 (OP)
So, you are showing me a chart of what happens when the post rona gibs run out. Where is there news here, retard?

>>520860742
Anyone who had any level of financial literacy made their payments but admittedly anyone with any level of financial literally probably didn't get fuck themselves with insane loans in the first place

>>520860534
That only works if the economy is generating extra capital for younger workers which facilitates repayment. However, the pattern this year has been a lot of layoffs and a reduction in junior positions at many companies, combined with outsourcing.

Borrowers don't have enough extra cash per month to cover the debt. They can struggle to pay the minimum, but that often results in the loan growing over time due to interest. It's better for many to take the hit right away and not worry about it, rather than sinking money into a losing battle.

The real problem is that universities themselves (which got the loan money for tuition) have no responsibility here. And Trump hasn't done anything about that, even though it would be popular for him to go after greedy rich universities. Instead, he only care about 'campus anti-Semitism,' which is extremely gay and cringe to most people.

>>520860156 (OP)
There's an easy fix for economic issues. The carrying capacity is perfectly fine, if you're not a westerner.

>>520860815
>i hate jews!
>but yeah you goys absolutely still have to pay them back, with compounding interest!

>>520860861
So you ARE just a retard, makes sense.

>>520860861
Let's try that again:
There was no interest for 5 years though. That's not usury.

>>520860534
>student loans guaranteed by the government
This is what is known as moral hazard
>I MUST pay my workers less
>Government, guarantee loans for graduates so more people will go to college!
>Government, allow me to import labor to compete with local citizens while benefitting from your laws!
>Government, bail me out when I fuck up my own financial decisions!
>Government, subsidize me while reducing my taxes!
>Government, protect my intellectual property while allowing me to resell the personal data of my customers!
>Reee why do people hate me?
>They must hate the """"free"""" market!

>>520860997
explain to me why you think student loans should carry profitable interest

>>520860156 (OP)
>>520860483
Based. Fuck the college to debt slavery pipeline. I will still pay mine bc im not broke and dont want to reap any negative consequences but I sincerely hope colleges and/or banks involved lose everything. Fuck them.

>>520860156 (OP)
Kek. Good thing I just don't play their games. Start a new job on Wednesday, pay is over local journeyman scale and all overtime is double pay.
>Tfw debt free non virgin with 1 tattoo

>>520860156 (OP)
Lol, you retarded kikes gave loans to teenagers

You deserve to never see a penny of it

>>520860156 (OP)
I paid off my loan 20 years ago. What the Fuck is wrong with these people?

>>520861050
Is there or is there not profitable interest on student loans right now?

>>520860737
it's just an indicator of the coming market crash, loan delinquencies increase before every market crash, it starts with the small ones like student loans and credit cards, then the slightly bigger car loans, then the bigger mortgages, now it's in the stage of car loans going up starkly, it shows that people don't have money, they can't afford paying loans back, once they can't afford paying mortgages the housing market will crash, along with the car markets and largely everything, if everyone starts defaulting on everything then everything will lose value, hyperinflation will make savings worthless and the more the government tries to kick the can down the road the worse it'll get get

>>520860534
im just not gonna pay it back. Fuck em let the system burn

The problem is the economy is just a ten car pileup of ponzi schemes and, ironically, the bag holders are the 1%

>>520860483
I'd say the money is gone and it's not coming back. The university absorbs the cost and, rightly, fails due to fraudulent "education" that was more of a conspiracy to overthrow the United states government.

>>520861119
Unfortunately, banks and universities have no liability. Of the $2.1 trillion in student loans, around $1.8 billion are guaranteed by the US federal government, with only around $300 billion from private banks. This system should be reformed, but no one is willing to do so.

>>520861174
>i got a good job before my government imported ten "entry level" foreigners for every native
>why can't these kids do the same thing?

>>520860483

The student load deadbeats are hoping the next DNC president will transfer the debt to the taxpayer and there is a good chance they are right.

>>520860156 (OP)
>got what I voted for
This. Every time something stops getting propped up artificially it falls. So tired of a system where so much is propped up for the benefit of people who don't even work (niggers, jews, "elites", etc)

>Niggers spent money they didn't have on shit they don't need to impress people they don't even like.
Big if true, but going into the "not my problem" file.

>>520861309
No, they're banking on financial collapse.

>>520861282
Liable if it wasn't fraudulent. Universities selected for international students because they could charge out-of-state tuition.
That's fraud. The university would be liable, or the institution which actually honored the loan (the (((bank))) )

>>520861176
There was when you knowingly signed a contract with a jew. No sympathy from me.

>>520861177
It's not going to crash if a significant portion of those loans are found to be illegals or "hindummigrant" then it would be fraudulent.
Universities selected for international students because they could charge more

>>520860944
>Trump hasn't done anything about the greedy, rich universities
True
>even though it would be popular
Trump has a history of cucking even when he'd have popular support.

Republicans have complained about universities for a long time, and now is the perfect opportunity to hurt universities in a way that is popular with young people and moderates.

>>520860737
>next time
You realise we only get to do this once, right?

>>520861494
Let's try this again:
Why do you think there should be profitable interest on student loans?

>>520861439
I mean that under the law, universities and banks have no liability at all for defaulted student loans. It's 100% on the feds. Which is probably why Trump's Education Department is demanding that borrowers pay up. However, they probably didn't expect such high levels of nonpayment, and now, they don't seem to have any plan at all.

Another issue is that student loans were used to back secondary financial derivatives known as SLABS (student loan asset-backed securities). The SLABS market is very hard to research, and it's not clear what happens in the financial system if the SLABS market blows up.

>>520861562
do you not understand what the word "indicator" means? it's not that the market crashes because of loans per se but people not paying loans back indicates that they don't have money, which will lead to a market crash

>>520860156 (OP)
Based. Creditors need to suffer.

>>520860156 (OP)
Literally nothing story on student loans. They started back this month. I'd guess some retards just outright forgot to pay.

>>520860156 (OP)
I'm hoping the country collapses, so good news on that front.

>>520860737
Nose.

>>520860156 (OP)
What exactly happens if the entire unsecured debt market implodes on itself all at once?

>>520861772
They have been indicating this trend for years now, 2020 omg no one is paying for their 83k truck! On to 2025 omg they are still not paying for their 85k truck! When is it finally going to happen? Oh that's right. .

>>520860156 (OP)
only the joo gets free healthcare and higher ed, stupid fucking goyim.

>>520861681
>he doesn't know about all the lefties going for a second try under the guise of "adult retraining" when their career path fails
Anon, they think the only way is going through postsecondary scam programs and take out MORE loans.
Anything to avoid the blue collar workers they despise.

>>520861096
>explain to me why you think student loans should carry profitable interest

Because many fail to ever repay what they borrowed, for one thing. Loaning money is risky business. Also, what incentive is there for a person (or bank) to give up cash they hold right now, and could use right now to their own benefit? Unless there's some advantage to be had in the future from loaning money to someone now, nobody will do it.

You still don't get it, do you?

>>520860156 (OP)
>>520841440

>>520861907
You get to pay for the bailout.

>>520861309
Good.
I hope you, especially, have to pay more into the student debt pit than anyone else.

>>520862089
delinquencies were nowhere near this bad in 2020, credit card, car loan and mortgage delinquencies have tripled since 2020 and are reaching 2020 levels, if anything covid gave a cushion with the stimulus packages, which put a lot of money in people's pockets, but that has ran out, all indicators are screaming that this is gonna be a crash twice as bad as the 2008 market crash and it's coming very soon, warren buffet is dumping stocks too because he knows that shit is about to go down

>>520862275
We're talking about federally-backed loans, which means the government is the guarantor. In theory, the goal of the loan system was to help people get education which would improve their economic prospects and thus increase things like tax revenues over time. The initial outlay (loans) were not even the point; they were just a means of facilitating the other goals.

If borrowers are getting tangled up in the loans themselves, it means the system has failed. Student loans were not personal finance items like credit card debt; they were instruments of policy.

>>520862515
*are reaching 2008 levels

>>520861279
GOP could make the perfect wedge issue if the cut University funding and funneled it to loan repayment. But alas they are way to stupid to do this.

>>520862612
>cut University funding and
give it to the jew. every time.

>>520862275
>Unless there's some advantage to be had in the future from loaning money to someone
Which is the definition of usury.

>>520860156 (OP)
Kek your dad isn't getting paid

>>520860156 (OP)
Student loan default should one result. Prison with hard labor to pay back society. And then if you claim your degree in hiring after it should be fraud.

>>520860642
Computer science is the major with the highest unemployment rates for college graduates right now. I guess they should have gone into art history instead.

Hey
Basically I'm just not gonna pay the loans
I know.... UGH I know ..... I'm sorry!!!!!!!!!!!!!!!!!!!!
It's just that I'm not gonna pay them is all
HAHAHAHAHAHAHAAAHAHHAHAHAHAHA

>>520860483
The government can't cuck out. Obama tied the student loan interest to Obamacare. It is the primary funding mechanism and will bankrupt it almost instantly.

>>520863316
Boomers and Republicans just hate white men with degrees. They'll slander you for studying underwater basket weaving when most completed degrees are in the STEM fields these cocksuckers said had shortages and would provide a steady middle class life. Now they're laughing at you for studying STEM.

Republicans delenda est.

>>520860156 (OP)
didn't trump say he was thinking of selling the student debt to private investors? and i think he walked back on that
it would've been pretty funny seeing retards get poached by bounty hunters kek

I tried to default on my student loans but the loan servicer just issues a forebearance on their side instead of allowing for a default.

so stupid.

im at 9% interest on 250k student loans from medical studies.

I no longer work in medical, so its student loans for nothing.

The MBS on my loan is dying as a result lol

>>520864168
What fucking idiot would buy student debt?

>>520861345
Is that real?? I'm assumimg not?
I thought the minimum was like 700 for bankrupt CC scammers & normal average is 750, 800 for having a job, and 850 if you don't pay late and have a job

>>520864330
Any reason in particular why you don't work in medical anymore? If you aren't a memeflag and actually work in the US I understand, just interested

>>520864524
If it still has no bankruptcy provisions, private debt collectors can just go after the debt forever, and even after the estates of dead debtors. Lots of private debt collectors would love to be able to buy that kind of debt.

>>520863316
>>520863863

You can get a degree in college, but you cannot get the 10+ years of experience everybody wants you to have for an entry level job.

There is no safe bet to get a comfy middle class job, unless you are a dei hire.

>>520862275
>You still don't get it, do you?
KEK!
I still think it's funny that these discussions even happen anymore.
From a "Play By the RULES" standpoint, your position would have merit.
But what happens when the people making the rules don't, but in fact are creating rules around a complete FALSEHOOD to begin with?
Do you KNOW what ZERO FRACTIONAL RESERVE banking is? Do you know what Hypothecation is? Do you know what DERIVATIVES of Hypothication are?
Were you aware that banks ,(yeah, the same ones we BAILED OUT IN 2008,) and their affiliate branches can give you a loan for say $100K ??
Let's try BoA at a current 6%APR for a 10 year loan:
>Bank gives you a line of credit of $100K POOF! out of nowhere, digital digits fill your card account.
>you are a good little Goy and pay back the monthly payment for $1110.21 every month for 120 months
>POOF! $33,225.2 is magically conjured out of thin air that can be used to buy things of value in the real world
>this goes on at a scale over 9000x(no joke) including every home loan and business loan
>if you default your collateral is TAKEN(remember hypothication?) house, car, business and it's "Chattel"
>This large flooding the "Money supply" occurs every day, causing YOUR dollars to be worth that much less--I.E. INFLATION in effect STEALING from youe own savings
All this because the (((BANKS))) are given the magical ability to create money out of NOTHING.
This is tantamount to playing a game of Monopoly where the "Banker" also gets to play, have utilities, collect $200, etc. but every time they have to pay rents or ANY payment, they can just pull out of the Banker tray instead of their personal money.

Still think that's a fair or even honest game?

>>520860156 (OP)
Based. Accelerate.

>>520860156 (OP)
It'll be fine, I'll just pay it back when I can :).

>>520861174
I know you are probably a Gexxer, but this is PEAK BOOMERPOASTING
Kys.
Like the other ¼ of our generation.

>>520864685
I have a job and never pay late, and mine hovers around 750.
No debt though and only 1 cc

>>520860737
>>520860156 (OP)
>Next time get a better degree and not something stupid that will never get you a job to pay off those loans
this.
Underwater vagina ballet is not a real degree.

It would be terrible if big banks fail because you goyim do not pay the debts they tricked you into when you were a retarded 18 year old.

>>520861177
Everyone isn't going to default on their loans, a number of people that are irresponsible with their money are going to have to declare bankruptcy. Nothing about this has anything to do with hyperinflation, which will not happen, and like most retarded /pol/faggots you are basically just stringing together things you have read from some other idiot on this forum and praying for a collapse so everyone will be as much of a loser as you.

>>520861681
A degree is not the only form of certification one can use to get a job, nor is anyone confined to getting only one degree. After the debtor claws themselves out of debt they should logically think about their life and the market and find something that fits their skillset.

>>520861309
based, isnt that what the goy are for?
now go work on that oil rig goy, its the journey of a lifetime, ill remain here in my AC private office making 3x what you do

>>520866927
You need more than 1
Use the kredit karma's kredit score calculator tool. To see how many cards you should add & what you need the limits. More credit helps, since they look at percentage of credit used at any given time (don't pay off many times a month... it looks like you're not using credit and it plummets... i made that mistake once)
Also spend $0.50 on the card you don't use, to keep it active that month for a payment.

Tho, you really want at least 2-3 cards:
A 2% cashback everything
& 1-2 quarterly 5% cashback carda. I like 2, since you get to do gas 2 quarters & amzn 2 quarters & grocery 2 quarters, etc.

Plus doing multiple carda earlier is better.
Since they look at avg acct age & oldest acct age (my luck, i cancelled my 1st card b/c they kept me at $300 in college. And my next one the conpany stopped doing credit cards 6yrs later. So i lost 8yrs of credit age)
I'm 857 now

>>520860156 (OP)
all these numbers are imaginary and never existed. anyone who "loans" paper and digital numbers shouldn't realistically expect to get those pixles and paper drawings back. real lenders have skin in the game and loan items of intrinsic value.

>>520861119
>Fuck the college to debt slavery pipeline
>but I sincerely hope colleges and/or banks involved lose everything. Fuck them
You're an actual retard if you think student loan forgiveness would hurt banks or colleges. It would only hurt tax payers who actually work for a living and cause even more inflation. Meanwhile, the colleges who created the college debt slavery system would just make more money once education is """"""""""""""free"""""""""""""". On top of that, employers would need some new way to vet new employees since college degrees would be worthless. So enjoy paying insane taxes for "free" education and then also having to pay for some new certificate programs that employers will require if you want a job

>>520868337
hes not a retard
he just doesnt care that stupid goy like you are paying the bill

>>520860742
>bro just wait until interest rates are up then start paying off your debt
Kek this retard will always wonder why he’s poor

>>520860156 (OP)
>Just don't pay them back.
>Just do nothing. That's how we'll win.

>>520860156 (OP)
>>520860534
>>520860642
>>520860737
I took out loans for art and spent the money on booze and Chinese food and I'm, well... I'm..
Just NOT GONNA PAY IT IS ALL
AHAHAHAHAHAH

get fucked you dumb rednecks

>Inb4 yeah but you're goyscore will go down and you won't be able to buy a mansion
Lol lmao even
Time to pay up with your taxes because guess what

I'm
Not
Paying
Shit

Lol lmao lolololololol hahahahahahah

>>520861177
Look at mortgage line. If that goes up then you’ll have a crash. Student loan delinquency is not as bad.

>>520867066
Nice try boomer, but most degrees awarded are STEM or other practical subjects. You just hate young people, and want to replace them with jeets.

>>520860156 (OP)
Do I need to sell my CLO ETF?

>>520861739
Good post.
Now, Explain, if you would be so kind, to the muppets, as if they were children, just what a derivative is.
*(Hint: Use Vegas terms)
Here's some "Fun" from 2022. The FDIC is war-gaming bank collapses
https://limewire.com/d/Fm66w#vkIgOa7HRP
*(Expires in 7 days and is OVER 500MB which is Why NO CATBOX-- 3hours and 29 minutes)

>>520860848
>NOOOOOOOOOOOOOOOOOOOO!
>YOU CAN'T JUST EXPECT TO GET PAID THE MONEY THAT I BORROWED!
>NOoOOOooOOOOOOO!
lol@ur life

>>520868945
>most degrees awarded are STEM
yes. however, most people that took out loans didn't actually complete a degree, anon.
AND most people with STEM degrees aren't delinquint.
take your sophistry and fuck off.

>>520868337
All of the consequences you listed are already happening w/o any of the benefits.

>>520860156 (OP)
>Drops sharply in 21 Q1
>Rises sharply in 25 Q1

What policy caused this? Some form of loan payment deferment?

>>520860156 (OP)
There’s absolutely NOTHING wrong with sucking another man’s dick

>>520863863
>They'll slander you for studying underwater basket weaving
Which is funny because Boomers USED to tell everyone "Get a degree, they don't care if it's underwater basket weaving, they just want to see that you can do the required work long term, and follow through"
No shit.. I had at least 4 different Boomers tell me this in '95.

The truth is, you can never win by playing the game they set up.
That doesn't mean give up on life, just go play another game where the players all agree to play fair. Even if you have to make the game yourself.
>But you'll NEVER get away from taxes!! Especially on land and houses!1!!
There are viable work-arounds for that, but they take some work, and you'll HAVE to allow for SOME bleedover with currency.

Like many, I just hope the collapse comes soon. I will fare FAR better when this absurd FAKE munny game ends and the people who actually have merit and skills cease to be perpetually stolen from.
But don't depend on that, there have been tons of nooooticers who thought TEOTWAWKI was next year, since the 70s(when it should have started,) and died without ever having to use any of their dusty suvival gear.
It's a far better thing to quietly build up communities that HELP each other and have the skills to do most everything without outside help.

>>520860156 (OP)
Why do I care?

Most people suffering are liberals.

>>520860912
its not evern rona. Biden admin made it so you couldn't default on student loans. that ended.

>>520860156 (OP)
Based and deflation pilled

>>520860156 (OP)
A Golden Age is upon us.

>>520860534
desu if an 18 year old is too stupid to smoke cigarettes or have sex with, maybe we shouldn't be offering them $40,000 loans

>>520860534
I paid them off my first year out of college. I still lived like a broke college student and put all my extra income towards the loan.

>>520864330
>>520864729
I'd like to know this too.
It's DEI hires, niggers and women, right?
..And the tacit gatekeeping of White men from work.

>>520860848
That's MY money you faggot. Pay it back!

>>520860156 (OP)
Frankly, i'm surprised auto loans delinquencies are only 4%

>>520871376
Wait till 2026-2027
All shit is going to hit the fan
The 18yr Housing Price Cycle crashes next year
Simultaneously EVERY Time:
Unemployment spikes, likey 8%
> (only counts ppl who looked for a job in last 4wk)
Prices go DOWN
> Opposite of inflation; Recession
GDP Shrinks
> Businesses will close & go bankrupt too
GREAT TIME TO BUY A HOUSE IN 2027
> Foreclosures will sarurate the market & ppl with money use up their credit on previous foreclosures

It's gonna be 2008 & 2009 all over again

>>520871376
Wait till 2026-2027... and 1yr delay for UK/EUR/AUS
All shit is going to hit the fan
The 18yr Housing Price Cycle crashes next year
Simultaneously EVERY Time:
Unemployment spikes, likey 8%
> (only counts ppl who looked for a job in last 4wk)
Prices go DOWN
> Opposite of inflation; Recession
GDP Shrinks
> Businesses will close & go bankrupt too
GREAT TIME TO BUY A HOUSE IN 2027
> Foreclosures will sarurate the market & ppl with money use up their credit on previous foreclosures

It's gonna be 2008 & 2009 all over again