11 Rage-Inducing Facts About America’s Wildly Out Of Control Student Loan Debt Bubble

Higher education has become one of the biggest money-making scams in America.  We tell all of our young people that if they want to have a bright future, they must go to college.  This message is relentlessly pounded into their heads for their first 18 years, and so by the time high school graduation rolls around for many of them it would be unthinkable to do anything else.  And instead of doing a cost/benefit analysis on various schools, we tell our young people to go to the best college that they can possibly get into and to not worry about what it will cost.  We assure them that a great job will be there after they graduate and that great job will allow them to easily pay off any student loans that they have accumulated.  Of course most college graduates don’t end up getting great jobs, but many of them do end up being financially crippled for decades by student loan debt. (Read More...)

Economic Doom Returns: Emerging Market Currencies Collapse To Record Lows As Global Financial Chaos Accelerates

After a little bit of a lull, the international currency crisis is back with a vengeance.  Currencies are collapsing in Argentina, Brazil, India, Turkey and other emerging markets, and central banks are springing into action.  It is being hoped that the financial chaos can be confined to emerging markets so that it will not spread to the United States and Europe.  But of course the global financial system is more interconnected today than ever before, and a massive wave of debt defaults in emerging markets would inevitably have extremely serious consequences all over the planet.  It would be difficult to overstate the potential danger that this new crisis poses for all of us.  Emerging market economies went on an unprecedented debt binge over the past decade, and a high percentage of those debts were denominated in U.S. dollars.  As emerging market currencies collapse, it is going to become nearly impossible to service any debts denominated in U.S. dollars, and that could ultimately mean absolutely enormous losses for international lenders.  Our system tends to do fairly well as long as everybody is paying their debts, but once the dominoes begin to tumble things can get messy really quickly. (Read More...)

GoFundMe Investigating Couple That Raised $403,000 For Homeless Vet But Only Gave Him A Fraction Of The Money

Did a New Jersey couple go on wild gambling sprees, take exotic vacations and buy a new BMW with the money that the public gave to help get a homeless veteran off the streets? This article is about a “feel good story” that has gone really, really bad.  Homeless veteran Johnny Bobbitt Jr. served as an ammunition technician in the U.S. Marine Corps.  After leaving the Marines, Bobbitt worked as a fireman and a paramedic before eventually falling on hard times.  Last October, Bobbitt came across Kate McClure after she had become stranded on the side of I-95 in a bad section of Philadelphia.  Even though he was living on the streets, he used his last 20 dollars to buy her some gasoline so that she could get home.  To thank him, McClure and her boyfriend Mark D’Amico created a GoFundMe campaign to raise money to help Bobbitt get off the streets.  The original goal was to raise $10,000, but the story went mega-viral and the campaign ultimately raised a total of $403,000. (Read More...)

National Health Crisis! U.S. Rates of Syphilis, Gonorrhea and Chlamydia Soar To The Highest Levels Ever

America is facing a health nightmare unlike anything that we have ever experienced before.  According to the CDC, rates of syphilis, gonorrhea and chlamydia have all skyrocketed to the highest levels on record, and top health professionals are urging coordinated national action to battle this unprecedented crisis.  Even before these latest numbers, the United States had “the highest STD rates in the industrialized world”, and it is becoming exceedingly clear that things are rapidly getting worse.  So exactly what does this say about us as a society?  Sexually-transmitted diseases are spreading like wildfire, and those on the front lines are not optimistic that we will be able to turn this health crisis around any time soon. (Read More...)

Boy Punished For Calling Teacher “Ma’am” And A Mother Was Investigated For Letting Her 8-Year-Old Walk The Dog

Is America going completely and utterly insane?  Every day we get even more evidence that this country is going downhill really fast.  I am about to share with you some stories that deeply upset me, but it isn’t because anyone died.  Rather, these stories demonstrate that the America that so many of us once loved is dying.  Liberty and freedom are being eroded with each passing day, and we are rapidly becoming a European-style socialist state in which control freaks micromanage even the smallest details of our lives.  Even our speech is being heavily micromanaged, and anyone that gets out of line is likely to be cracked down upon really hard.  At this point, things have already gotten so bad that it is getting really difficult to determine what is safe to say and what isn’t safe to say.  For example, a 10-year-old boy in North Carolina just made national news because he was punished for calling his teacher “ma’am”(Read More...)

Society Is Unraveling: A Young Boy Will Have No Father For The Rest Of His Life Because A Psycho Started Shooting At A Madden Tournament

The thin veneer of civilization that we all depend upon on a daily basis is disappearing at a staggering pace.  On Sunday, the young men that gathered to participate in the Madden Championship Series tournament in Jacksonville probably never imagined that they would be in any sort of danger, but then gunfire erupted around 1 PM.  Approximately 20 rounds were fired before the shooter killed himself, and it is being reported that 11 gamers were injured and 2 were killed.  One of the victims that was killed was Taylor ‘SpotMePlzzz’ Robertson.  He was a good man with a wife and a very small son, and now his son won’t have a father for the rest of his life.  There have been many other mass shootings in recent years, but this one was just so senseless.  Personally, I have just been really shaken up all day.  Why would anyone ever want to kill somebody over a video game? (Read More...)

Another Sign The Bitcoin Bubble Is Ending? China Launches An Unprecedented Crackdown On Cryptocurrencies…

Those that sold their cryptocurrencies at the peak of the market made a tremendous amount of money, but those that hold on to the bitter end are going to be gravely disappointed.  For a while there, it seems like cryptocurrency prices were going to go up forever.  2017 was the best year for cryptocurrencies ever, and lots of investors were becoming millionaires on paper.  But now the “Bitcoin bubble” has burst, and the losses are absolutely staggering.  Unfortunately for crypto investors, it looks like things are about to go from bad to worse, because China has just launched an absolutely unprecedented crackdown on cryptocurrencies.  Potential government intervention was always the “elephant in the room” for cryptocurrency enthusiasts, and now it is becoming a reality in a major way. (Read More...)