Debt Rattle March 12 2018
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Lewis Wickes Hine Labourer on connector, Empire State Building, New York 1930-31 • On The Bull Market’s Ninth Birthday (CNBC) • ‘No Response’ Y
[See the full post at: Debt Rattle March 12 2018]Ilargi; you posted; John Rubino’s comment: “Emigrate while you still can..”
I’d like to see the context of that, because I have often said the same thing.
Contrary to the prevailing wisdom; Usians are not free humans. No matter where they go on planet Earth, the not so gossamer threads of citizenship keep one in full captivity; taxes will be collected; passports will be tracked; and ones freedom is at the largess of the U.S. government.
Emigrating to foreign lands, IMO, will become very difficult, to impossible, in the not so distant future.VA,
looked up what John said, and found it’s an ad on his site, not his words. Pretty perfect fit though (bottom of article):
A Bull Market For The History Books — Bear Market To Follow Shortly
Following yesterday and the wisdom of emigrating:
“Acting CDC chief: Drug overdose deaths are the highest ever in the US.”
Sorry for the source. A 70% rise? So….anybody going to do anything? You know, like find out why with the exact same laws, exact same access, deaths are wildly increasing?
Oh and PS, America now has 5 of the world’s most violent cities. Ahead of CapeTown. (Irony alert: these are the cities where guns are illegal) Hamilton would be so proud. https://www.theorganicprepper.com/5-violent-cities-world-america/
Info on student loan
Where did the money come from?A nation can print additional currency to cover payments on debts owed by issuing securities including Treasury bills and bonds. While this provides a mechanism to make payments, it does carry the risk of devaluing the nation’s currency.
Read more: Budget Deficit https://www.investopedia.com/terms/b/budget-deficit.asp#ixzz59YMZJmcS
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Should the rich, (those who do not have earned income), get a student loans?Yes, the Catch-22 of student financial aid is that the more money you have, the less you’ll be eligible for. That’s enough to make anyone wonder if it isn’t better to just spend it all and have nothing in the bank in order to qualify for the maximum amount of grants and loans.
But that catch mainly applies to earned income.(Earned income includes any income that a person or company receives for work they have done – AKA “personal efforts”. If you collect regular dividends from a stock, or receive a monetary gift, that money would be considered unearned income because you didn’t do anything to earn it.)
Whether you are an adult student going back to school or the parent of a student headed to college, the Free Application for Federal Student Aid (FAFSA) form (used for Stafford Loans, Perkins Loans or Pell Grants), does not require you to report the value of your primary residence (if you own a home) or the value of your retirement accounts. This means that if you want to save money without compromising your financial aid eligibility, you can do so by using your savings to buy a house, prepay your mortgage or contribute more money to your retirement accounts. The savings you put into these assets can still be accessed in the event of an emergency, but you won’t be penalized for them.
Another issue is that even if you employ all the legal strategies available to you to maximize your financial aid eligibility, you still won’t always qualify for as much aid as you need, so it’s not a bad idea to have your own source of funds to make up for any shortfall. (If you make a loan, its a good idea to be rich.)
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