375: College Debt – The Most Expensive Lesson of All Time?

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 studentsLook Closer:Obama Proposes Free College Tuition- Full Knoxville, TN Speech - https://www.youtube.com/watch?v=8gXBkOYZYnkCollege Loan Calculator - http://www.finaid.org/calculators/scripts/loanpayments.cgiIs the Student Loan Bubble Starting to Pop? - https://reason.com/archives/2015/05/22/is-the-student-loan-bubble-start…