22 Apr 2012

Think The US Student Loan Bubble Is Bad? You Ain't Seen Nothing Yet, check the UK

Tyler Durden's picture

By now virtually everyone has seen some combination of the two charts, showing the  magnitude of the student loan bubble, a topic which even Goldman Sachs decided to take on last week:
The amount of student debt being taken on every year has been rising rapidly for years now (via NPR)
Frankly, by now the topic of US student debt has been discussed to death, and like every other bubble, it will keep growing, as the very fungible proceeds are used to purchase such mission critical "student" addenda as iPads and booze, until it bursts. Yet is it really that bad? And how does it look compared to some other countries' bubbles. Like that of the UK? Courtesy of Bloomberg we now know how a similar bubble is being blown across the Atlantic:

Support our troops, fire Obama + Why Gadhafi had to die prophecy

Do we support our troops?
+Joryan's rather epic rant on the reasons our governments conspired to kill Gadaffi is, in my humble opinion, important information to be acquainted with and verifiable. Click on read more to see the video. Dark stuff delivered in an entertainingly animated fashion.

Palestinian 'Israel Nazi Gulag' Political Prisoners Day 2012 - Remember Palestine

"Over 10 years in solitary confinement.." "No family visits since 2007.." Palestinian prisoners held by Israel have been targeted by an unfair and unequal legal system (Nazi Gulag System). Their imprisonment reflects Israel's inherent system of injustice and racism. Human Rights organisations from several countries have united to support hunger striker Khader Adnan's fight for the rights of Palestinian political prisoners.

British worse at Tax Collecting than the Greeks and the truth about Sudan - Double Standards, Afshin Rattansi

"Main stream media and George Clooney so wrong on Sudan."
Racist UK police, the refused UK spooks £1 million Libyan bribe and the governments discussions about laser and chemical UK riot control +

Record Number of Americans Flee the United States

Christopher Greene explains why Americans are renouncing their citizenship in record numbers and leaving the United States for good. Source

British secret documents revealed - Horrific Abuse of Cypriots, Malaysians and Kenyans

"Horrific abuse of Cypriots, Malaysians and Kenyans." There are some secrets that the British government were hoping would permanently be buried. Now thousands of documents showing London's mistreatment and abuse of indigenous populations at the end of the colonial era have been laid bare. Source

'I want France out of eurozone!' - presidential candidate Nicolas Dupont-Aignan

"I want to restore democracy to France..." As the French go to the polls today in the first round of choosing a new president, RT talks to Nicolas Dupont-Aignan, one of the candidates. Source

Steve Keen takes on the dominant deluded school of "Arse about Tit" economics, Neoclassicism

There are two myths in banking: that bank debt can't be repaid, and that banks don't have any significant impact on macroeconomics. The former is held by many in the public, the latter is believed by the the dominant deluded school of economics, Neoclassicism--as Paul Krugman confirmed recently in his blog brawl with me. This presentation debunks both myths, using logic, dynamic modelling, and empirical data. A warning: I was given only 20 minutes for this presentation so I went even faster than I normally do! Source


A new video shows Anastacio Hernadez-Rojas lying on the ground in the fetal position, circled by at least a dozen federal agents as one repeatedly shocks him with an electric stun gun.

The video was shot by a passer-by and was obtained by the lawyer for the Hernandez-Rojas family as they push on with their wrongful death suit against the US government.


Angelo: This boy is pleading to stay with his father. This father obviously adores his child. What do you call a country where the people fear their government, where loving fathers and their loving children are torn apart against their will? This is this UK today.

Asteroid Miners Inc? Cameron backs ‘real-life Avatar’ space project

Director and explorer James Cameron has joined an ambitious project to collect natural resources in space. Unlike his blockbuster, the endeavor is likely to be closer to Armageddon-style asteroid mining.
There are painstakingly few details on Planetary Resources, a startup co-founded by Eric Anderson, a former NASA Mars mission manager, and Peter Diamandis, the commercial space entrepreneur behind the X-Prize competition.
The press-release informing of its launch next Tuesday says “the company will overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP.” It further pledges to redefine the meaning of “natural resources” and launch a new industry.
The nature of the future enterprise is still not clear, but the media widely speculate that Planetary Resources is aiming at drilling asteroids for rare earths and other valuable materials. In a Forbes interview earlier this year Diamandis said:“Since childhood, I wanted to do one thing – be an asteroid miner. So stay tuned on that one.”

Fukushima is falling apart: are you ready?

Thirteen months have passed since the Fukushima reactors exploded, and a U.S. Senator finally got off his ass and went to Japan to see what is going on over there.
What he saw was horrific.
And now he is saying that we are in big trouble.
See the letter he sent to U.S. Ambassador to Japan Ichiro Fujisaki, Secretary of Energy Steven Chu, Secretary of State Hillary Clinton, and NRC’s Chairman Gregory Jaczko here.
But what is so ironic about this is that we have been in this heap of trouble since March of 2011. March 17th, to be exact, when the plume of radioactive materials began bombarding the west coast of California.
And Oregon. And Washington. And British Columbia. And later Maine, Europe, and everywhere in between.
Independent researchers, nuke experts, and scientists, from oceanography to entomology and everywhere in between, having been trying to sound the alarm ever since.