Cut the Crap: Debt Especially Student Loans

Debt sucks! If you are interested in preaching to us about how bad our choices were, shut up and go away. We already know! If you are interested in being a part of the solution, stay!

What we have lived through is hell, and I wouldn’t wish it on anyone. I may smile when you see me, but the turmoil inside is killing me.

Debt has been a part of my life since I was 24 years old. I’m 47 now. Who would have ever thought that a decision I made 23 years ago would still be haunting me today?

I’m not looking for sympathy. At least I was 24 when I shackled myself. That being said, this isn’t about me. It’s about our kids and this corrupt financial system that is enslaving them. Heck, it’s enslaved all of us, but we’re too blind to see it.

By the time they reach the age that my debt hell started, millions of them are significantly more indebted than I was. What the hell is wrong with us? They have been told since they were in elementary school that their education is priceless and to be successful they must go to college.

The rest of this is written to those that want to solve this problem and just maybe through education, this next generation will save more than themselves. Here are a few stats to try and wrap your head around. These will be the only stats I show because they don’t tell the story of the individuals behind the numbers.

  • This year, 2018, total student loan debt grew to over $1.5 trillion. In 2012, student loan debt was $870 billion. That’s a $630 billion increase in less than 6 years.
  • In 2012, the average balance on student loans was $22,000 per college graduate. In 2017, the average student loan debt was $39,400
  • 44.2 million Americans have student loan debt. Some are over 60 years old.

This is beyond stupid. You think the government should do something about this? Wrong, they did by making the loans easier to get and making it almost impossible to dismiss in bankruptcy. Thanks!

If we are going to do something about this, it’s going to be us that solves it. We can create a community of people to fight this. Together we can fight for our freedom.

In doing so, we can educate ourselves on this corrupt financial system that is enslaving all of us through debt. Heck, it should be criminal. Don’t expect many in my generation or the generations before me to help. Unplugging the matrix cable from their heads will be difficult because they don’t even know they’re in the financial matrix.

First though, we need to build the community. Please pass this blog on, and let’s connect.





Youth Will Have to Lead

If we are to be free, the young will have to stand. With youth comes an open mind. As we age, we tend to become closed minded and stubborn. Stubborn is another word for arrogant and uncoachable.

Let me give you an example. The media and adults will fret over the ticking time bomb that is the national debt. Very few have ever asked the question, “How can we be in debt if we create our money? And, who are we in debt to? The government that can responsibly create its own money should never be in debt.”

As a young person, you are taught from early childhood that you must have a college education to be successful. For most, it’s not a question of whether you’re going to college, it is assumed. Just this year, total student loans reached over 1.5 trillion dollars with the average student loan balance being over $34,000. (Forbes Student Loan Statistics)

Welcome to the 21st century version of indentured servitude. You can’t write student loans off in bankruptcy, but you can work for “qualified employers” to receive student loan forgiveness. Usually for 10 years, and the government decides what is qualified.

At 18 years old, you did what you were told to do by going to college. It cost too much, so you borrowed money because you were told that you could pay it off later, and many of you will have to work for 10 years at a qualified employer to be forgiven. You are going to pay this back one way or another!

You can default on a home loan, and you lose your home. Default on a car, and you lose your car. Default on a student loan, and you lose you! Deep in your soul, you know something is wrong!

Money is the lifeblood of an economy, and there are very few that understand money. Whoever has the power to control the supply of money has complete control of a country.

Common sense moment: If your government is trillions in debt, then they can’t be the ones controlling the supply of money. Political fights are nothing more than a sideshow.

The supply of money now is controlled by those that loan us money and charge interest on the money that they loan. Think of the things we buy that we commonly use debt to purchase: house, car, land, business, and college tuition.

When interest rates are low, people tend to buy more houses, cars, land, etc. This drives the price up. When interest rates are high, people tend to buy fewer houses, cars, land, etc. The result is lower prices. Having the power to lower or raise interest rates would possibly give you the power to control the prices of housing, cars, land, and businesses.

Common Sense Moment: If you default on these loans, the person that loaned you the money gets your house, car, land, or business. You’ll notice that I left off student loans in those two scenarios because you are the collateral on a student loan.

Too often we assume that how it is now is how it’s always been without asking questions. We’ve heard it said that the borrower is slave to the lender. Our economy is built on the ability to borrow money for houses, cars, businesses, and education. What should be your next question?

The Love of Money – Cancer

“For the love of money is a root all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” 1 Timothy 6:10

Do not overcomplicate this. Just think!

You have the power to create money, yet you are in debt? How is that possible? If you had a money tree in your back yard, would you sell it?

This is the beginning of understanding our cancer, and we are only treating the symptoms. There are many theories, some conspiracy. At the root is the love of money fueled by envy and selfish ambition.

Jesus overturned whose tables?

Envy and Selfish Ambition

If there is a lot of money, prices go up. When money is short, prices go down. Where does the money go when it’s short? Where does it come from when there’s plenty?

When it’s plentiful, the money comes from loans. When money is short, someone stopped offering as many loans or started charging more for those loans.

So, if I were evil and greedy, and had control of the money, here is what I would do. I would offer to loan money at low rates. People would borrow to buy stuff; houses, cars, land, buildings, and even stocks. As long as I did this, prices would continue to rise. The money I loan actually has very little value, but what it buys does. I really want the stuff.

Now, I raise interest rates to borrow new money. In some cases, I offered to loan them the money at a really low rate, with the understanding that if interest rates go up, I can raise the rate I’m charging them. Money is now tight or too expensive to borrow. You can’t afford the new interest rate, you default, and now I have the stuff.

Some Things to Think About

  • Your government can create money, but is in debt. That make sense?
  • If the government isn’t creating money, then who is?
  • Houses, cars, companies, and other property are the collateral to back up most loans. What is the collateral on a student loan?
  • What can we do about it?