The student debt of over $1 trillion caused by selfish Boomers has caused every Gen Yer nightmares.
Every kid knows someone deeply in debt, someone taking a bad job or not taking a good job, just because of debt. That's clear from reading the kids on Reddit, where I also learned - -
This is outrageous: the government will even garnish the kids' social security if the loans are not repaid. Unbelievable.
My only consolation is the hope that the kids will vote out the politicians stealing their future and change it. I'll predict the revolt against student debt is coming.
Stupidity and evil - and such shams as "voting" and "politics" no longer hold the answer. A true DEBTORS' REVOLT - DEFAULT EN MASSE is needed to hit the reset button on this predatory system. I encourage people to grow a pair, learn once again what it means to fight tyranny, and join us.
Look, the economy tanked, and everything is now completely different, especially with regards to labor prospects - for *everyone*. And yet, the lenders have behaved reprehensively and in a completely predatory manner toward the millions who are struggling. It's time to hit back and collapse what has morphed into a predatory system that stands in direct opposition to democratic values. Our Founders wisely warned us.
We encourage widescale, intentional REPUDIATION and rejection of our "debts" - default en-masse - just refuse to feed the predatory system any longer by simply withholding; stop paying in. Let them starve, let the system collapse, and rebuild from there, under FAIR, not captured, rules. As a former finance professional myself, I can tell you that the banking and finance sector is *much* more vulnerable than most think - get default rates up to a critical mass, and watch the value of huge swathes of financial instruments collapse. So join the DEBTORS' REVOLT - DEFAULT EN MASSE movement. Repudiate your debt. Refuse. I'm looking at you to be at the vanguard, student-debt indentured servants. Refusal to cooperate with this monstrous predator is the only way forward.
Posted by: Jordan Kanter | April 21, 2012 at 11:14 AM