Thursday, May 04, 2017
Necessary Symmetry Between What You Pay and What You Receive
By CNu at May 04, 2017 0 comments
Labels: debt slavery , doesn't end well , Obamamandian Imperative , Strict Father , The Hardline
Tuesday, April 11, 2017
Student Debt Bubble Ruins Lives While Sucking Life Out of the Economy
While the headline consumer price index is 2.7 per cent, between 2016 and 2017 published tuition and fee prices rose by 9 per cent at four-year state institutions, and 13 per cent at posher private colleges.
A large chunk of the hike was due to schools hiring more administrators (who “brand build” and recruit wealthy donors) and building expensive facilities designed to lure wealthier, full-fee-paying students. This not only leads to excess borrowing on the part of universities — a number of them are caught up in dicey bond deals like the sort that sunk the city of Detroit — but higher tuition for students.
BazHurl
After a career in equities, having graduated the Dreamy Spires with significant not silly debt, I had the pleasure of interviewing lots of the best and brightest graduates from European and US universities. Finance was attracting far more than its deserved share of the intellectual pie in the 90’s and Noughties in particular; so at times it was distressing to meet outrageously talented young men and women wanting to genuflect at the altar of the $, instead of building the Flux Capacitor. But the greater take-away was how mediocre and homogenous most of the grads were becoming. It seemed the longer they had studied and deferred entry into the Great Unwashed, the more difficult it was to get anything original or genuine from them. Piles and piles of CV’s of the same guys and gals: straight A’s since emerging into the world, polyglots, founders of every financial and charitable university society you could dream up … but could they honestly answer a simple question like “Fidelity or Blackrock – Who has robbed widows and orphans of more?”. Hardly. In short, few of them qualified as the sort of person you would willingly invite to sit next to you for fifteen hours a day, doing battle with pesky clients and triumphing over greedy competitors. All these once-promising 22 to 24 year old’s had somehow been hard-wired by the same robot and worse, all were entitled. Probably fair enough as they had excelled at everything that had been asked of them up until meeting my colleagues and I on the trading floors. Contrast this to the very different experience of meeting visiting sixth formers from a variety of secondary schools that used to tour the bank and with some gentle prodding, light up the Q&A sessions at tour’s end, fizzing with enthusiasm and desire. Now THESE kids I would hire ahead of the blue-chipped grads, most days. They were raw material that could be worked with and shaped into weapons. It was patently clear that University was no longer adding the expected value to these candidates and in fact was becoming quite the reverse.
By CNu at April 11, 2017 0 comments
Labels: debt slavery , Livestock Management , parasitic , reality casualties
Navient: Student Loans Designed to Fail
By CNu at April 11, 2017 0 comments
Labels: banksterism , Collapse Crime , debt slavery
Monday, November 07, 2016
You Cannot Fire the Elite or the Deep State by Voting
By CNu at November 07, 2016 0 comments
Labels: agenda , Clintonian Imperative , debt slavery , Deep State , doesn't end well , elite , establishment , The Hardline , truth
Saturday, November 05, 2016
Granny Goodness and Her Walmart Fascism ARE Perpetual Austerity and Inequality
Hillary has changed her position on issues many, many times over the years, and some of the things she’s done that her husband did that she had a hand in—she was a close adviser to her husband as president—have been disastrous, had catastrophic effects on people—welfare reform, for example. Every time Hillary says—and she says it a lot—that her whole life has been about protecting children, there’s an enormous counterexample, which is welfare reform, or what they called reform. They abolished the welfare system in this country, Hillary and her husband did. This is one of the cruelest things [...] It was a New Deal program that they abolished. It was a cruel thing, it was more or less an overtly racist thing, and to do that to the poorest and weakest members of society—at the time, it just turned my stomach. And it’s a little creepy that Hillary sees fit to represent herself as the great defender of poor women and children because she manifestly is not. And that’s one of many contradictions in Hillary Clinton’s record.
If you read the biographies of Hillary Clinton, if you watch a speech by Hillary Clinton, if you watch the presentation of her life story that they had at the Democratic National Convention, Hillary’s story is all about virtue. She is good with a capital G. When she gave her acceptance speech at the convention, she was wearing all white. She likes to dress in all white; she is Joan of Arc. That is how she sees herself. Her favorite saying that she quoted at the convention, it’s this Methodist thing: Do all the good you can, all the ways you can, to all the people you can, for as long as ever you can. She’s good, she’s so good, she’s so virtuous, her heart’s in the right place, and every biography of her emphasizes this intense sense of her goodness, her virtues—her overpowering, 100-proof virtue. ... She is intensely good. And yet, look at Libya, look at the welfare system in this country.
By CNu at November 05, 2016 0 comments
Labels: Apokolips , austerity , banksterism , Clintonian Imperative , corporatism , debt slavery , deceiver , global system of 1% supremacy , Granny Goodness , professional and managerial frauds
Friday, August 19, 2016
meanwhile, out in the rural precincts, nottinghams stay wilding - especially on peasant women!!!
By CNu at August 19, 2016 0 comments
Labels: debt slavery , peasants , Pimphand Strong , Rule of Law , What IT DO Shawty...
Wednesday, July 13, 2016
a lot of people get a basic fact wrong about criminal justice
By CNu at July 13, 2016 0 comments
Labels: Collapse Crime , debt slavery , Dystopian Now , Livestock Management , niggerization , peasants , Rule of Law
sheriff of nottinghamism at epidemic levels...,
Every state except Alaska, North Dakota, and DC has increased civil and criminal fees since 2010. Many charge for services that are constitutionally required and were once free. As states and local governments have felt the pinch from the 2008 economic crash, they have turned to fines and fees to fill in budget gaps.
The most famous example is in Ferguson, Missouri. The U.S. Justice Department’s investigation of the Ferguson Police Department exposed how the department collects fines and fees not for the sake of public safety, but to raise money for city government. The FPD revenue targets in 2015 accounted for 20% of the city’s operating budget.
Or listen to Jared Thornburg, in Westminister, Colorado. He was ticketed for making an illegal left turn. But because he had lost his job after a serious workplace injury, he couldn’t pay the ticket. He found a new job - but the day before he started, he was arrested for not paying the fines, which had escalated from $165 to $306. He was sentenced to 10 days in jail, which cost that city $70 per night. As Jared points out, “It cost the taxpayers more than what my fine was for and it just wasted 10 days of my life.”
It adds up to what Bill Mauer, from the Institute of Justice, calls “taxation by citation.” This reliance on fines and fees to cover fiscal gaps brings along with it four main problems.
By CNu at July 13, 2016 0 comments
Labels: Collapse Casualties , debt slavery , neofeudalism , niggerization , peasants , Rule of Law
Friday, July 01, 2016
popular puerto rican opposition to debt enslavement is meaningless...,
By CNu at July 01, 2016 0 comments
Labels: banksterism , debt slavery , elite , establishment , hegemony
Tuesday, May 03, 2016
puerto rico must fail because it never produced anything but puerto ricans...,
By CNu at May 03, 2016 0 comments
Labels: debt slavery , doesn't end well
no american taxpayer bailout of puerto rico...,
By CNu at May 03, 2016 0 comments
Labels: debt slavery , doesn't end well , FAIL
Thursday, April 14, 2016
as goes lake karibe, so goes zambia...,
By CNu at April 14, 2016 0 comments
Labels: debt slavery , scarcity , weather report , What Now?
Monday, March 07, 2016
the shadow world of the economic hitman..,
Economic hitmen – I'm a former one, actually – created the world's first truly global empire. It's really a corporate empire, not an American empire although the U.S. government certainly supports it. We work many different ways, but perhaps the most common is that we will identify a country that has resources that corporations want, like oil.
We arrange huge loans of that country from the World Bank or one of its sisters. Yet, the money never actually goes to the country. It is primarily there to make the our companies -- that build the infrastructure projects like the power plants, and the industrial parks, highways, and ports -- very rich.
In addition, a few wealthy families make a lot of money off of these programs. They own the industries and commercial centers.
But the majority of the people do not benefit at all. They do not have enough money to buy much electricity. They cannot get jobs in industrial parks because the industrial parks do not hire many people. They lose out because a lot of money is diverted from healthcare, education, and other social services to try to pay the interest on the debt.
In the end, the principal is never paid down. We go back and say Since you cannot pay your debts, sell your resource real cheap to our corporations without any environmental restrictions or social regulations. Or privatize, and sell off your electric utilities;,your water and sewage systems, and your schools, your jails -- all of your public sector businesses -- to our corporations.
These leaders are very aware that if they do not accept these deals; if we economic hitmen fail to bring them around, the jackals are likely to show up. These are people that will either assassinate those leaders or overthrow their governments.
By CNu at March 07, 2016 0 comments
Labels: debt slavery , doesn't end well , Peak Capitalism
Wednesday, March 02, 2016
DNC Chair and Granny's main Fury Debbie Wasserman Schultz backs parasitic payday lenders...,
By CNu at March 02, 2016 0 comments
Labels: banksterism , debt slavery , Granny Goodness , What IT DO Shawty...
Sunday, February 21, 2016
one nation, under water...,
By CNu at February 21, 2016 0 comments
Labels: debt slavery , doesn't end well
Thursday, February 18, 2016
the land of the thief and the home of the slave...,
Believe it or not, the US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans.Paul Aker says he was arrested at his home last week for a $1500 federal student loan he received in 1987.He says seven deputy US Marshals showed up at his home with guns and took him to federal court where he had to sign a payment plan for the 29-year-old school loan.Congressman Gene Green says the federal government is now using private debt collectors to go after those who owe student loans.Green says as a result, those attorneys and debt collectors are getting judgements in federal court and asking judges to use the US Marshals Service to arrest those who have failed to pay their federal student loans.Our reliable source with the US Marshal in Houston say Aker isn’t the first and won’t be the last.They have to serve anywhere from 1200 to 1500 warrants to people who have failed to pay their federal student loans.
Unfortunately, it looks like it was a lapse in communication that landed Aker in handcuffs (to be clear, he did not spend time in jail — he was escorted by Marshals to court). And, to add insult to injury, he was ordered to pay more than $1,200 in fees back to the U.S. Marshals service for the cost of arresting him.
By CNu at February 18, 2016 0 comments
Labels: debt slavery , peasants , Rule of Law
Friday, January 15, 2016
FTO school: what's occurring in the economy
By CNu at January 15, 2016 0 comments
Labels: cephalopod mollusc , debt slavery , parasitic , Rule of Law , What IT DO Shawty...
Tuesday, December 29, 2015
how warren buffett intentionally targets and preys on the least of these...,
So, on an arid Saturday morning this past summer, the sisters piled into a friend’s pickup truck and headed for a mobile-home sales lot here just outside the impoverished Navajo reservation.
The women — one in a long, colorful tribal skirt, another wearing turquoise jewelry, a traditional talisman against evil — were steered to a salesman who spoke Navajo, just like the voice on the store’s radio ads.
He walked them through Clayton-built homes on the lot, then into the sales center, passing a banner and posters promoting one subprime lender: Vanderbilt Mortgage, a Clayton subsidiary. Inside, he handed them a Vanderbilt sales pamphlet.
“Vanderbilt is the only one that finances on the reservation,” he told the women.
His claim, which the women caught on tape, was a lie. And it was illegal.
It is just one in a pattern of deceptions that Clayton has used to help extract billions from poor customers around the country — particularly people of color, who make up a substantial and growing portion of its business.
The company is controlled by Warren Buffett, one of the world’s richest men, but its methods hardly match Buffett’s honest, folksy image: Clayton systematically pursues unwitting minority homebuyers and baits them into costly subprime loans, many of which are doomed to fail, an investigation by The Seattle Times and BuzzFeed News has found.
Clayton’s predatory practices have damaged minority communities — from rural black enclaves in the Louisiana Delta, across Spanish-speaking swaths of Texas, to Native American reservations in the Southwest. Many customers end up losing their homes, thousands of dollars in down payments, or even land they’d owned outright.
Over the 12 years since Buffett’s Berkshire Hathaway bought Clayton Homes Inc., the company has grown to dominate virtually every aspect of America’s mobile-home industry. It builds nearly half the new manufactured homes sold in this country every year, making it the most prolific U.S. homebuilder of any type. It sells them through a network of more than 1,600 dealerships. And it finances more mobile-home loans than any other lender by a factor of more than seven.
In minority communities, Clayton’s grip on the lending market verges on monopolistic: Last year, according to federal data, Clayton made 72 percent of the loans to black people who financed mobile homes.
The company’s in-house lender, Vanderbilt Mortgage, charges minority borrowers substantially higher rates, on average, than their white counterparts. In fact, federal data shows that Vanderbilt typically charges black people who make over $75,000 a year slightly more than white people who make only $35,000.
By CNu at December 29, 2015 0 comments
Labels: debt slavery , parasitic , Rule of Law , What IT DO Shawty...
Tuesday, December 22, 2015
bond market boondoggle this way comes...,
Some warn that Puerto Rico could be a test case for the rest of the country, paving the way for troubled states like Illinois to escape unsustainable debts.
Stephen J. Spencer, a restructuring expert representing Puerto Rico bondholders including some hedge funds, said letting the government renege on agreements with hedge funds and other investors would set a dangerous precedent, undermining the integrity of the bond market.
“It’s really a wealth transfer from the bondholders to the municipalities,” Mr. Spencer said.
Others fear a different precedent: A handful of wealthy investors, they argue, are trying to rewrite the social contract of an entire United States territory. Puerto Rican officials say they have already cut public services and slashed central government spending by a fifth to keep ahead of payments to the hedge funds and financiers.
“What they are doing, by getting all the resources for themselves, is undermining the viability of Puerto Rico as a commonwealth,” said Joseph E. Stiglitz, the Nobel Prize-winning economist. “They want their money now, and they want to get the rules set so that they can make money for the next 20 years.”
By CNu at December 22, 2015 0 comments
Labels: debt slavery , doesn't end well , What Now?
Thursday, August 20, 2015
puerto rico tied up by cephalopod mollusc with its tentacles in the hon.bro.preznit's pants...,
By CNu at August 20, 2015 0 comments
Labels: banksterism , cephalopod mollusc , debt slavery , Obamamandian Imperative , What IT DO Shawty...
The Tik Tok Ban Is Exclusively Intended To Censor And Control Information Available To You
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