America's College Bubble Next to Burst, Says NIA ('College Conspiracy' documentary)

PR Newswire ^ | May 7, 2011 | Gerard Adams

[familyop]

"Depending on the week, it seems like there are a lot of confident sounding but rather thin arguments that the Fed and Co. can do what they please for the forseeable future and creditors aren’t going to give up on the dollar."

Exactly. Debts at every level of government are unsustainable and will rise due to lack of sustainable revenues (mostly manufacturing) and bipartisan political reluctance to make extreme budgets cuts (lay off enormous numbers of unneeded government employees and appointees, close many unnecessary offices, cut public education, and so forth).

Bond risk will continue to rise because of the outrageous debt. The Fed can continue to create more debt to facilitate pay for government employees, contractors, services, etc., or allow that remaining, prevailing economic activity to seize up. At this late stage in the game, the choice is between an inflationary bust or deflationary bust.

The debt regime has gone too far, and politicians in both parties are highly unlikely to reverse the funding paradigm against the VAWA, regulatory offices, other social programs, etc. Those politicians work for their favored, few constituents.

Default is inevitable. As for the new (old) kind of leadership, conservative, heterosexual "Neanderthals" aren't so bad. We're only scary to the elite, effete folks. Enjoy the ride back to the spooky "patriarchy" and whole working class families in domestic business competition.

[familyop]

I’ll follow the engineer, even without a degree and no intention to get one (college dropout). Between us, after the debt decline, we’ll design and build what we need. Until then, I will continue to become more self-sufficient and won’t be buying much.

Too many government and corporate offices have become bulwarks for hysteria.