(click picture above to start video)
This is scary, the total U.S government debt is 16 Trillion roughly, and the student population debt is 1 Trillion which is 6.25% of the national debt…you do the math.
Now 11% of student loans are defaulting and on top of this, many students are not paying their loans right now. This is going to add to hinder the U.S GDP going forward, because this huge population of students and graduates (young Americans) will be poor over the next 5-10 years at minimum. No more cool iPhones and hip clothing.
This 12 year old gets it, the governments don’t get it or pretend they do not understand it, because they benefit from the banking system (corruption). Also, 80% of the population do not get it, because they are sheeples who are too lazy to do their own research on how the government waste, steal or tax dollars and how the banking system steal citizens hard earn dollars through interest rates.
PAIN now and GAIN later….uhh no I don’t think the American Politicians would do this because they are so short sighted. As well, the majority of the American public have the instant gratification mentality.
The world is printing fiat currency like crazy, to try to create growth while massive global debts are increasing. The U.S keeps printing money and increasing its debt to now pass 14 trillion. One of the only ways to protect yourself is to own some gold or silver.
