I learned debt it hasn’t earned badly yet

Ended*

Debt is kind of necessary in the west if you ever hope to own something in your life.

Prices for all property are skyrocketing and it's highly unlikely that your average person will be able to simply "save up" their wages in order to purchase property all on their own without taking any loans.

That will ALWAYS be true though. A better solution is have a system that is paid for BUT demands upon graduation they remain in their country or be forced to pay back before leaving

That would keep people in their country of orgin

And make it about the students performance not the money of parents

@ManAnimal I would agree to this.

You could have a system like this: have tuitions. The rich kids can pay them out of their own pocket if they want.

But for everyone else, they have to sign a contract that stipulates that after graduation they have to stay in the country and perform the jobs they educated themselves for for a period of time before being allowed to move abroad. If they accept, they get their education free of charge.

What KILLS the german system is how many get an education then leave

Basically if you want to learn how to be a doctor, you also have to work as a doctor in the country that trained you for 10-15 years or something. Regardless of the wage levels available.

@Seven Proxies Shit's gonna blow up. Bond market is shot to hell, and people expecting yields or pensions are going to have to suck butt.

Yeah, i think that is a MUCH better arrangement and it incentives people to stay in there damn country

It's not the actual debt itself though; that's a good point. Rather, it's *what the debt is being spent on*.

We have know this for a decade zombiw

Nothing new

We been on morphine for FAR too long

Yeah, sure. But *then* the trick is that taking on debt and spending it wrong goes hand-in-hand.

The withdrawal will kill most of us

Thats my point too

Politicians enabling bankers enabling politicians enabling bankers enabling...

jews

GIVING bad loans should make you go bankrupt

But they DO NOT

Companies specifically target those they KNOW cannot pay

Mark Blyth is one odious leftist whom I can actually tolerate simply for the fact that he says so many true things also...

and if they default, they just toss that bad loan over the fence

You ask me? Root of the problem is "Representative Republicanism" itself, i.e. democracy.

lol

Die Juden...

get botted

I was frickin' astounded listening to AAs stream on the Boris Betrayal.

The reason the government permits banks granting bad loans is because they fear that the market will grind to a halt if banks are expected to carry the burden of a bad loan not getting paid back on time or at all.

Well, its more basic than this

let them

They think all banks will suddenly turtle up and impose near impossible conditions for someone to ever be granted a loan

It was like he was *just* realizing the actual reason "Democracy" goes haywire.

banks are a scam and so is insurance.

People accept a fundamental fallacy: they ALWAYS have the right to ignore

NI 🇳🇪 🇳🇪 ER

@Seven Proxies But they will. They're ahead of the game, so they'll just either do a Barclays or they'll immediately realize as much as they can and then fuck off to NZ.

But if there is no COMMON stake in anything, democracy fails