tag:blogger.com,1999:blog-7774179765567947305.post751980297747286815..comments2024-02-15T06:28:06.790-08:00Comments on Subprime JD: The dollar bubbleSubprimehttp://www.blogger.com/profile/00010296774091296670noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7774179765567947305.post-9810193414910413842012-11-22T07:24:25.068-08:002012-11-22T07:24:25.068-08:00Make sure you visit websites and gather informatio...Make sure you visit websites and gather information about your possible professions statistics from sources other than the schools you might attend before you enroll. Someplace like this might have info you can use.<br /><br />http://www.bls.gov/ooh/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-42662312489550411062011-08-28T11:36:51.310-07:002011-08-28T11:36:51.310-07:00Ah yes, I too am a defrauded law student. My massi...Ah yes, I too am a defrauded law student. My massive debt and questionable job prospects led me to question the sustainability of the system as a whole, and once one goes down this path it seems there can be only one destination: gold. It seems as though you have journeyed down the same trail. <br /><br />FOFOA's blog is the best of the best on gold in my opinion, check it out: http://fofoa.blogspot.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-6872869465528982252011-08-25T13:54:27.202-07:002011-08-25T13:54:27.202-07:00good luck in Canada. You're making the right d...good luck in Canada. You're making the right decision here. 200k in debt with no means of ever repaying is debt slavery. I hope everything turns out ok for you. Please update your status from time to time<br /><br />God blessSubprimehttps://www.blogger.com/profile/00010296774091296670noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-50085737042371674192011-08-25T11:08:32.760-07:002011-08-25T11:08:32.760-07:00Nothing wrong with moving to Canada (details on wh...Nothing wrong with moving to Canada (details on what allows you to do this would be welcome) but you are fooling yourself, as you put it, if you think the US is going to implode anytime soon. <br /><br />The rich control the US government and they have no interest in implosion. Those who try to overthrow the system will end up in prison. If there is a shortage of workers to produce weapons and work as soldiers, police and prison guards, then immigrants will be brought in to do these jobs. The only thing that will shake the system is a major military defeat by the US, and that won't happen for decades. Living standards for the average American can fall and fall for all the rich care. What matters is that there is money to pay for the things the rich want: military to keep the rest of the world under control, police and prisons to keep Americans under control, food and other things the rich want to consume. And there will always be plenty of money for the things I just listed. All the austerity, if austerity is required, will fall on the middle class and poor. <br /><br />Good luck in Canada!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-8924470846684797972011-08-25T09:21:01.770-07:002011-08-25T09:21:01.770-07:00I am moving to Canada in a few months due to the s...I am moving to Canada in a few months due to the student loans in the US, which I cannot pay and can no longer defer, as well as because of a job market that provides no job with income sufficient to pay back those loans. Having completed my undgrad degree and law school, my loans now total over 200K. With law school tuition roughly $43,000/year on average and living expenses(rent) being $10,000/year, law school easily accounts for most of my loan balance. After having taken the bar and applied to over 10,000 jobs(yes, 10,000) within the past year, I have only been able to find temporary work that pays $15-20/hr, which in no way covers my loan payments, which alone are over $1600/month. Seriously, the MATH IS NOT THERE. I work two jobs now and can't make it here. All of this nonsense about the American Dream and social mobility and the value of education is GARBAGE. <br /><br /><br /><br />Some people have even suggested that I should have worked my way through school or saved up the money for law school!!! HA!! If I had a job that allowed me to save up over 200K for law school, don't you think that I would have stayed in THAT job. <br /><br /><br /><br />Others have suggested that I should have anticipated the risks. Well, no one tells you that the law schools fraudulently manipulate the numbers they release to US News and World Report. Having now worked in the admissions office at Georgetown Law School, I can tell you that the school cherry picks the data to only use the high-paying individuals....and then actually has the nerve to hire people part-time in a temp position for 4 weeks so that they can count those people as employed for the purpose of the survey. Further still, they count people working in fast food and who have no legal jobs as employed for the purpose of the survey. THAT IS FRAUD. Basically, I along with many people were sold on lies and dishonest stats, which we used as the basis for our investment/risk. This issue deserves a wikileaks-styled espose in itself. <br /><br /><br /><br />Move to Canada where the US has NO JURISDICTION over your loans. Start life anew and watch the US economy collapse under the weight of its own lies. Enjoy this life; this is the only one you have. I chose to follow the rules and believe the popular mythology about education debt being good debt. Rather than squander year and year....month after month....trying to find solace in entertainment, books, music, friends, family and that old adage "things will work out"....wake up and get the hell out while you can. You owe it to yourself as a HUMAN to have no allegience to anything or anyone that would suppress your humanity, making you a slave to an orchestrated, bureaucratic fraud that is so large that the contemplation of it likely makes even my short message here seem exaggerated. <br /><br /><br /><br />Don't trick yourself into saying this is all YOU. You know what you are feeling, and your brain has already made you keenly aware of what is not working. The powers-that-be have already fooled you once. Don't go on fooling yourself. <br /><br /><br /><br />WAKE UP and get out. <br /><br /><br /><br />Yes, it is that bad. (Remember, DO NOT FOOL YOURSELF...USE YOUR BRAIN and YOUR SENSES)<br /><br /><br /><br />It is time to follow your own path rather than follow the misguided directions of others that served only to line the pockets of your schools and the bankers, who now make interest on the money that was loaned out. <br /><br /><br /><br />You can punish them by listening to yourself.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-2553631912344288622011-08-21T18:21:18.121-07:002011-08-21T18:21:18.121-07:00^^^^ this.
The effect of a debt overhang extends...^^^^ this. <br /><br />The effect of a debt overhang extends beyond the indebted. If only more realized that fact.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-67817458252161264722011-08-21T08:23:53.302-07:002011-08-21T08:23:53.302-07:00I have two graduate degrees and, thanks to scholar...I have two graduate degrees and, thanks to scholarships and jobs, never borrowed a cent. For the longest time, I held to the notion that it would be unfair to let others out of having to pay. Over time, I have come to see it differently. First, while I did not come from a wealthy background, I did grow close to a college campus and hung out there all the time, so I grew up knowing a lot of college faculty and staff, so I was under no illusions of making big bucks when I was 18 and talking to admissions about what I could afford would be like asking a car dealer which car I should buy, meaning that I was extremely careful. Others did not have this advantage. Secondly, the cost in terms of consumer spending, investment, and, perhaps most seriously, innovation and entrepreneurship (because someone deeply in nondischargable debt can't afford to take risks) hurt everyone but the wealthy, even those like myself who are not in debt, far more than a few years of high inflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-13803821703545187602011-08-20T20:19:01.436-07:002011-08-20T20:19:01.436-07:00I wouldn't be surprised if Gold hits $2,000 an...I wouldn't be surprised if Gold hits $2,000 an ounce by Halloween. What do you think will ultimately happen to Silver in the next few months?The Poor Paralegalhttp://www.thepoorparalegal.blogspot.comnoreply@blogger.com