A DEAL WITH THE DEVIL: HOW DEMS AND REPUBLICANS SOLD OUT ON OUR GENERATIONS - STUDENT LOANS
Relative to the issue of the higher educational student loans, Pre-Obama, such loans are the product of what we call an "Iron Triangle" in political science. I am a professional of Sociology/Socioeconomics and also a double major BA in Political Science and Sociology, as well.
The Pre-Obama govt. student loan program turned out to be another "sub prime" loan scam, believe it or not! Why? Because of how you qualify for them: It's based on your ability NOT to be able to pay them back! It's based on NEED, not on your ability to repay the loan.
In short, techically, they are "ninja subprime loans," the sub prime loan money lent by the private sector financials, BUT "laundered" by the govt. as if benign "higher educational loans," when they're really sub prime loans the household name financials wouldn't want to associate with their good names. So, they were "laundered" by the govt. So, why would the financials and the govt. do this, you ask?
The reasons: Govt. growth and employment is rationalized at the state & fed levels. Govt./Unions like this and so do our representatives in govt. FURTHERMORE, however, the student loan program is used to illegally impose additional taxes upon their disadvantaged recipients over a lifetime, subterfuging such taxes as "late penalties and interest." Such "late penalties and interest," amazingly, can geometrically increase the size of the disadvantaged's original student loan debtload many times over, while the govt. simultaneously "cripples" their credita rating, as well. along the way. Clearly, the govt.'s rationale, to provide incentive to repay, for both increasing the debtload AND crippling the credit rating of the disadvantaged loan bearer has no legitimacy, whatsoever. If the govt. wanted to provide an incentive for the disadvantaged loan bearer to repay, they would employ one method or the other, but not both, as employing both methods, increasing debtload and ruining credit rating, simply entrenches the borrower into a progressively impossible position, with little hope of escape, causing the borrower to "give up," rather than repay. Indeed, there is an "ulterior motive" by the Govt. which then presents itself: Borrower Foreclosure and Default. This is the true objective of the govt.'s program. The borower, as anticipated, will default, the financials will get paid (the loan is "guaranteed by govt."), and the borrower will have to pay additional monies to the govt. over a lifetime of work! The defaulted loan will be sent to the Internal Revenue Service (I.R.S.), along with the borrowers other taxes, for collection! How convenient! Indeed, the GOVT. "GETS PAID" NOT ONLY VIA THE CREATION OF JOBS AND THE EXPANSION AND RATIONALIZIATION OF GOVT. AND UNIONS, BUT ALSO VIA THE ILLEGAL, DUPLICITIOUS, PROGRESSIVE TAXATION SUBTERFUGED AS "LATE PENALTIES, INTEREST AND FEES" FROM THE DEFAULTED STUDENT LOANS OF THE "DISADVANTAGED" AS WELL.
The Govt.s "modus operandi" is, largely, to "play stupid" while demanding repayment of the student debt. The govt. first qualifies people as "disadvantaged and needy" via a series of "needs tests and analysis" through financial aid, right? When an individual is determined "disadvantaged and needy," govt. qualifies them for financial aid and a govt. student loan. After the student graduates, however, govt. pretends that the student-graduate is somehow transformed into the "non-needy/non-disadvantaged" when the truth is that they are worse off than they were before they received any aid. THE FACT IS, financially, upon graduation, they are financially worse off than they were before! They're even more financially disadvantaged than ever! BUT, the govt. "plays stupid". Indeed, the govt. pretends that they don't know the student/grad is worse off financially than ever before. The govt. employs and "assumptive sales technique" and inquires "why" the disavantaged borrower-graduate can't repay their student loans! Govt, asks, "What's wrong with you disadvantaged people?! Why can't you disadvantaged people pay back your student loans?! You said you would! Okay, since you disadvantaged and needy people aren't paying back your student loans, we're going to cripple your credit rating and increase your debtload to get you to pay back your student loans! Yes! That should do it!" Well, of course this does nothing but eventually forces the confused & bewildered disavantaged borrower to give up and foreclose and then default - which is the real intention behind the entire govt. student loan program: Make it appear that the disadvantaged student-grad was to blame/at fault, while exploiting the disadvantaged from head-to-toe over the course of their lifetimes via a "Gentlemen's Agreement" (Iron Triangle) between the public and the private sectors . . . which exploits them many times over for their labor and financial failure in the private sector, while in the public sector they're exploited to rationalize govt./union growth, jobs, while also being cruelly exploited by the long-term, duplicitous, progressive taxation (again, subterfuged as "late penalties, fees, interest") and "pitcher plant" effects of the program upon its disadvantaged recipients. The disadvantaged borrower-graduate is left financially, psychologically, culturally, socially and physically in permanent human bondage to the government, a long-term indentured servant-slave to the government.
The private sector reasons are more complex: First, investors such as Goldman knew that student loans were being given out like candy and grads would "flood the market" making the private sector's labor "dirt cheap." The financials & major investors, therefore, "bet against" (on the stock market) the graduates ability to repay their sub prime educ. loans , just like they did on the mortgage sub prime lending. So, the private sector had "anticipated sub prime student loan defaults and foreclosures" as they did with the mortgage sub prime loans, and "bet against" on Wall Street. The private sector got "cheap intellectual labor" and made a bundle on . . .
But, that's not all the private sector received. There's more. The Publishing Industry and their associates made a killing, too. Academic books and educational testing prep materials and courses were sold en masse as a result of govt. sub prime student lending! The massive, impacted college & university enrollment sold books just boomed the publishing industries, Ph.D.s and universities' profits!
There are a total of FIVE WAYS the private sector, then, EXPLOITED graduates/taxpayers taking out govt. sub prime student loans: 1 - Best Against on Dow; 2 - Loans anticipated to default/foreclose were GUARANTEED & paid by the taxpayers (financials couldn't lose); 3 - Cheap intellecutual labor; 4 - Publishing Corp investors reaped wild profits . . . BUT, YOU SAY, THAT'S FOUR! WHAT ABOUT THE . . .
The FIFTH WAY the private sector exploited grads & taxpayers is . . . DRUMROLL PLEASE . . . WAS BY INVESTING IN . . . THE VERY WELL ANTICIPATED DEMAND AND GROWTH IN THE EMPLOYMENT INDUSTRY!!!!
Of course . . . as grads flooded the job market, GUESS WHO was waiting for them? Employment agencies! The very same investors, mostly boomers and seniors, major to small investment firms and groups, MADE A KILLING off of this!
So, govt got paid! Both congress & administration, right?! The private sector got paid, BIGTIME! In short, it was what we call an . . . cough, cough . . . "agreement" between congress, the current administration and the private sector that we call an "IRON TRIANGLE" in political science. Yes, to answer your question, it is a CONSPIRACY between individuals to rape and profit off of hard working Americans!
But, WAIT A SECOND! Didn't most college grads repay their loans? Now, this is hilarious . . . because statistically, it may be true. HOWEVER, they don't tell you how many of those repaid were "little, teeny, tiny" student loans, DO THEY?
So, a larger percent of the overall sub prime govt. student loans MAY have been repaid, BUT THEY WERE THE "LITTLE ONES"! A few hundred dollars or a couple of thousand dollars ones!
They don't distinguish between the medium to large ones vs. the "little ones"! So, from an "overall percentage" standpoint, IT LOOKS LIKE THE PROGRAM WAS WORKING and EVERYONE was repaying their "mega loans" when they weren't . . . It's just good old fashioned statistical data manipulation and "hardcore" marketing strategies, sorry to say, folks! YOU'VE BEEN HAD! :)
As a prodigious savant within the social sciences, most evaluative projects take less time for me. However, this discovery took quite a bit more time to determine what was taking place since my own social programming led me to trust so many, erroneously. Remember, the Pre-Obama government student loan program is all about DUPLICITOUS TAXATION AND DUPLICITOUS EXPLOITATION OF LABOR . . . OF THE MOST FINANCIALLY DISADVANTAGED (BY THE GOVT'S OWN ADMISSION AND QUALIFICATION BY "NEEDS TESTING") . . . OVER THE COURSE OF THEIR LIFETIMES . . . ALL MERELY BECAUSE THEY WISHED TO BETTER THEMSELVES IN THE WEALTHIEST NATION EVER.
REMEMBER, CONTRACTS FOR THESE STUDENT LOANS ARE "NULL AND VOID" BECAUSE THERE WAS "NO MEETING OF THE MINDS" OF BORROWERS WHEN THEY SIGNED FOR THESE STUDENT LOANS - THERE COULDN'T HAVE BEEN, GIVEN WHAT YOU'VE JUST READ, ABOVE. IN THE MEANTIME, PLEASE URGE PRESIDENT BARACK OBAMA TO DISMISS AT LEAST THE OLD DEFAULTED STUDENT LOANS WHICH ARE CURRENTLY KEEPING GOOD, HARD WORKING, DISADVANTAGED AMERICANS IN ONGOING INDENTURED SERVANTHOOD/HUMAN BONDAGE TO THE GOVERNMENT, WHICH WILL ALSO SERVE TO SET PRECEDENT FOR THE NEWER PRE-OBAMA STUDENT LOANS TO BE DISMISSED OVER TIME, IF NECESSARY. IN THE MEANTIME, PLEASE DEMAND THE DISMISSAL OF THE PRE-OBAMA STUDENT LOANS BY E-MAILING, WRITING OR FAXING THE WHITE HOUSE! THIS MASS CONSPIRACY OF THE MASS EXPLOITATION OF THE LABOR OF GOOD AMERICANS, UP TO 5 TO 6 TIMES OVER, IS INEXUSABLE AND MUST BE COMPENSATED FOR. IN PARTICULAR WHEN SUCH EXPLOITATION, DECEPTION AND GREED WAS CARRIED OUT IN THE NAME OF "EDUCATION" AND THE BETTERING OF AMERICANS.
Note: Goldman has been caught betting against not only govt. student loan repayment but also betting against repayment of home mortgages, showing absolute disregard for the sacred and traditional American institutions of the home and higher education.
Relative to the issue of the higher educational student loans, Pre-Obama, such loans are the product of what we call an "Iron Triangle" in political science. I am a professional of Sociology/Socioeconomics and also a double major BA in Political Science and Sociology, as well.
The Pre-Obama govt. student loan program turned out to be another "sub prime" loan scam, believe it or not! Why? Because of how you qualify for them: It's based on your ability NOT to be able to pay them back! It's based on NEED, not on your ability to repay the loan.
In short, techically, they are "ninja subprime loans," the sub prime loan money lent by the private sector financials, BUT "laundered" by the govt. as if benign "higher educational loans," when they're really sub prime loans the household name financials wouldn't want to associate with their good names. So, they were "laundered" by the govt. So, why would the financials and the govt. do this, you ask?
The reasons: Govt. growth and employment is rationalized at the state & fed levels. Govt./Unions like this and so do our representatives in govt. FURTHERMORE, however, the student loan program is used to illegally impose additional taxes upon their disadvantaged recipients over a lifetime, subterfuging such taxes as "late penalties and interest." Such "late penalties and interest," amazingly, can geometrically increase the size of the disadvantaged's original student loan debtload many times over, while the govt. simultaneously "cripples" their credita rating, as well. along the way. Clearly, the govt.'s rationale, to provide incentive to repay, for both increasing the debtload AND crippling the credit rating of the disadvantaged loan bearer has no legitimacy, whatsoever. If the govt. wanted to provide an incentive for the disadvantaged loan bearer to repay, they would employ one method or the other, but not both, as employing both methods, increasing debtload and ruining credit rating, simply entrenches the borrower into a progressively impossible position, with little hope of escape, causing the borrower to "give up," rather than repay. Indeed, there is an "ulterior motive" by the Govt. which then presents itself: Borrower Foreclosure and Default. This is the true objective of the govt.'s program. The borower, as anticipated, will default, the financials will get paid (the loan is "guaranteed by govt."), and the borrower will have to pay additional monies to the govt. over a lifetime of work! The defaulted loan will be sent to the Internal Revenue Service (I.R.S.), along with the borrowers other taxes, for collection! How convenient! Indeed, the GOVT. "GETS PAID" NOT ONLY VIA THE CREATION OF JOBS AND THE EXPANSION AND RATIONALIZIATION OF GOVT. AND UNIONS, BUT ALSO VIA THE ILLEGAL, DUPLICITIOUS, PROGRESSIVE TAXATION SUBTERFUGED AS "LATE PENALTIES, INTEREST AND FEES" FROM THE DEFAULTED STUDENT LOANS OF THE "DISADVANTAGED" AS WELL.
The Govt.s "modus operandi" is, largely, to "play stupid" while demanding repayment of the student debt. The govt. first qualifies people as "disadvantaged and needy" via a series of "needs tests and analysis" through financial aid, right? When an individual is determined "disadvantaged and needy," govt. qualifies them for financial aid and a govt. student loan. After the student graduates, however, govt. pretends that the student-graduate is somehow transformed into the "non-needy/non-disadvantaged" when the truth is that they are worse off than they were before they received any aid. THE FACT IS, financially, upon graduation, they are financially worse off than they were before! They're even more financially disadvantaged than ever! BUT, the govt. "plays stupid". Indeed, the govt. pretends that they don't know the student/grad is worse off financially than ever before. The govt. employs and "assumptive sales technique" and inquires "why" the disavantaged borrower-graduate can't repay their student loans! Govt, asks, "What's wrong with you disadvantaged people?! Why can't you disadvantaged people pay back your student loans?! You said you would! Okay, since you disadvantaged and needy people aren't paying back your student loans, we're going to cripple your credit rating and increase your debtload to get you to pay back your student loans! Yes! That should do it!" Well, of course this does nothing but eventually forces the confused & bewildered disavantaged borrower to give up and foreclose and then default - which is the real intention behind the entire govt. student loan program: Make it appear that the disadvantaged student-grad was to blame/at fault, while exploiting the disadvantaged from head-to-toe over the course of their lifetimes via a "Gentlemen's Agreement" (Iron Triangle) between the public and the private sectors . . . which exploits them many times over for their labor and financial failure in the private sector, while in the public sector they're exploited to rationalize govt./union growth, jobs, while also being cruelly exploited by the long-term, duplicitous, progressive taxation (again, subterfuged as "late penalties, fees, interest") and "pitcher plant" effects of the program upon its disadvantaged recipients. The disadvantaged borrower-graduate is left financially, psychologically, culturally, socially and physically in permanent human bondage to the government, a long-term indentured servant-slave to the government.
The private sector reasons are more complex: First, investors such as Goldman knew that student loans were being given out like candy and grads would "flood the market" making the private sector's labor "dirt cheap." The financials & major investors, therefore, "bet against" (on the stock market) the graduates ability to repay their sub prime educ. loans , just like they did on the mortgage sub prime lending. So, the private sector had "anticipated sub prime student loan defaults and foreclosures" as they did with the mortgage sub prime loans, and "bet against" on Wall Street. The private sector got "cheap intellectual labor" and made a bundle on . . .
But, that's not all the private sector received. There's more. The Publishing Industry and their associates made a killing, too. Academic books and educational testing prep materials and courses were sold en masse as a result of govt. sub prime student lending! The massive, impacted college & university enrollment sold books just boomed the publishing industries, Ph.D.s and universities' profits!
There are a total of FIVE WAYS the private sector, then, EXPLOITED graduates/taxpayers taking out govt. sub prime student loans: 1 - Best Against on Dow; 2 - Loans anticipated to default/foreclose were GUARANTEED & paid by the taxpayers (financials couldn't lose); 3 - Cheap intellecutual labor; 4 - Publishing Corp investors reaped wild profits . . . BUT, YOU SAY, THAT'S FOUR! WHAT ABOUT THE . . .
The FIFTH WAY the private sector exploited grads & taxpayers is . . . DRUMROLL PLEASE . . . WAS BY INVESTING IN . . . THE VERY WELL ANTICIPATED DEMAND AND GROWTH IN THE EMPLOYMENT INDUSTRY!!!!
Of course . . . as grads flooded the job market, GUESS WHO was waiting for them? Employment agencies! The very same investors, mostly boomers and seniors, major to small investment firms and groups, MADE A KILLING off of this!
So, govt got paid! Both congress & administration, right?! The private sector got paid, BIGTIME! In short, it was what we call an . . . cough, cough . . . "agreement" between congress, the current administration and the private sector that we call an "IRON TRIANGLE" in political science. Yes, to answer your question, it is a CONSPIRACY between individuals to rape and profit off of hard working Americans!
But, WAIT A SECOND! Didn't most college grads repay their loans? Now, this is hilarious . . . because statistically, it may be true. HOWEVER, they don't tell you how many of those repaid were "little, teeny, tiny" student loans, DO THEY?
So, a larger percent of the overall sub prime govt. student loans MAY have been repaid, BUT THEY WERE THE "LITTLE ONES"! A few hundred dollars or a couple of thousand dollars ones!
They don't distinguish between the medium to large ones vs. the "little ones"! So, from an "overall percentage" standpoint, IT LOOKS LIKE THE PROGRAM WAS WORKING and EVERYONE was repaying their "mega loans" when they weren't . . . It's just good old fashioned statistical data manipulation and "hardcore" marketing strategies, sorry to say, folks! YOU'VE BEEN HAD! :)
As a prodigious savant within the social sciences, most evaluative projects take less time for me. However, this discovery took quite a bit more time to determine what was taking place since my own social programming led me to trust so many, erroneously. Remember, the Pre-Obama government student loan program is all about DUPLICITOUS TAXATION AND DUPLICITOUS EXPLOITATION OF LABOR . . . OF THE MOST FINANCIALLY DISADVANTAGED (BY THE GOVT'S OWN ADMISSION AND QUALIFICATION BY "NEEDS TESTING") . . . OVER THE COURSE OF THEIR LIFETIMES . . . ALL MERELY BECAUSE THEY WISHED TO BETTER THEMSELVES IN THE WEALTHIEST NATION EVER.
REMEMBER, CONTRACTS FOR THESE STUDENT LOANS ARE "NULL AND VOID" BECAUSE THERE WAS "NO MEETING OF THE MINDS" OF BORROWERS WHEN THEY SIGNED FOR THESE STUDENT LOANS - THERE COULDN'T HAVE BEEN, GIVEN WHAT YOU'VE JUST READ, ABOVE. IN THE MEANTIME, PLEASE URGE PRESIDENT BARACK OBAMA TO DISMISS AT LEAST THE OLD DEFAULTED STUDENT LOANS WHICH ARE CURRENTLY KEEPING GOOD, HARD WORKING, DISADVANTAGED AMERICANS IN ONGOING INDENTURED SERVANTHOOD/HUMAN BONDAGE TO THE GOVERNMENT, WHICH WILL ALSO SERVE TO SET PRECEDENT FOR THE NEWER PRE-OBAMA STUDENT LOANS TO BE DISMISSED OVER TIME, IF NECESSARY. IN THE MEANTIME, PLEASE DEMAND THE DISMISSAL OF THE PRE-OBAMA STUDENT LOANS BY E-MAILING, WRITING OR FAXING THE WHITE HOUSE! THIS MASS CONSPIRACY OF THE MASS EXPLOITATION OF THE LABOR OF GOOD AMERICANS, UP TO 5 TO 6 TIMES OVER, IS INEXUSABLE AND MUST BE COMPENSATED FOR. IN PARTICULAR WHEN SUCH EXPLOITATION, DECEPTION AND GREED WAS CARRIED OUT IN THE NAME OF "EDUCATION" AND THE BETTERING OF AMERICANS.
Note: Goldman has been caught betting against not only govt. student loan repayment but also betting against repayment of home mortgages, showing absolute disregard for the sacred and traditional American institutions of the home and higher education.
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