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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

If America somehow managed to educate millions of college students without burdening them with $2 trillion in debt in 1993, why is it now "impossible" to do so, even as America's wealth and gross national product (GDP) have both rocketed higher over the past 27 years? Predators thrive on Americans' short memories. Student loans in their present scale did not exist prior to 1994. According to the Federal Reserve FRED database, the student loan balance was zero in 1993. From zero in 1993 to $1.728 trillion in 2021: this is the predatory financialization of higher education which has enriched l...

If America somehow managed to educate millions of college students without burdening them with $2 trillion in debt in 1993, why is it now “impossible” to do so, even as America’s wealth and gross national product (GDP) have both rocketed higher over the past 27 years? Predators thrive on Americans’ short memories. Student loans in their present scale did not exist prior to 1994. According to the Federal Reserve FRED database, the student loan balance was zero in 1993. From zero in 1993 to $1.728 trillion in 2021: this is the predatory financialization of higher education which has en...

So go ahead and say whatever you want around all your networked devices, but don’t be surprised if bad things start happening. I received another “Our Terms Have Changed” email from a Big Tech quasi-monopoly, and for a change I actually read this one. It was a revelation on multiple fronts. I’m reprinting it here for your reading pleasure: We wanted to let you know that we recently updated our Conditions of Use. What hasn’t changed: Your use constitutes your agreement to our Conditions of Use. We own all the content you create on our platform, devices and networks, and are free to ...

The misconception that collapse is an  all or nothing phenomenon is common: Either the system rights itself with a bit of money-printing and rah-rah or it collapses into post-industrial ruin and gangs are battling over the last stash of canned beans. Neither scenario considers the fragility and resilience of the socio-economic system as a whole. It is both far more fragile than the believers in the permanence of the  waste is growth model grasp and more resilient than the  complete collapse prognosticators grasp. The recent relatively mild logjams in global supply chains of essentials...