Today's guest is Mike Vine, the Editor at Schiff Gold News and the Principal at Centinel Consulting. I sat down with him last week in his Portsmouth, NH office to discuss the recent paper by Addison Quale titled, "The Student Loan Bubble: Gambling with America’s Future."
Topics:
- the place for personal responsibility in the student loan debt crisis
- Student loans represent the third bubble in the last 20 years, following the dot coms in the late-90s and the mortgage crisis of 2008
- there is a 300% increase in student loan debt in the last 10 years
- almost 25% of all loans are in some state of non-payment (default, deference, or forbearance)
- the significance of debt to GDP ratio
- the economic implications of this crisis
- How can people protect themselves? Precious metals? Bitcoin? Expatriation?
- Mike's advice for students
Look Closer:
Obama Proposes Free College Tuition- Full Knoxville, TN Speech - https://www.youtube.com/watch?v=8gXBkOYZYnk
College Loan Calculator - http://www.finaid.org/calculators/scripts/loanpayments.cgi
Is the Student Loan Bubble Starting to Pop? - https://reason.com/archives/2015/05/22/is-the-student-loan-bubble-start…