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mircea_popescu: now, admittedly the average 20yo living in 1990 had no fucking clue of any of the foregoing : not merely because the average 20yo has no fucking clue anywhere and anytime, ustarded 20yos actually go into debt to go to "college" today, even! but also because other than the romanian citizens i personally know, NO FUCKING BODY had ANY FUCKING CLUE about ANYTHING. AT
a111: 48 results for "college debt", http://btcbase.org/log-search?q=college%20debt
mircea_popescu: !#s college debt
mircea_popescu: let them credit the fed general acct with as cheap items as can be had in counterparty for it, so the fed extends "college debt" to the above morons, so they have kids and move europe outta the present lulz.
mircea_popescu: college debt.
mats: in other keks, https://www.nytimes.com/interactive/2018/08/25/opinion/sunday/student-debt-loan-default-college.html
mircea_popescu: so modern democracy came up with "kids are SO VERY VALUABLE!!!" it's worth having some. and then took it to heart, hence all the "college debt" mess of financial misdirection, and all the "you can do anyuthing" mess of intellectual misdirection.
a111: Logged on 2018-05-03 04:06 mircea_popescu: not to mention, of course, the beta bois of the "hi i r 20yo webisite-DOMINANT!!!" flavour. "seriously, it's either she comes live in my messy studio apartment and we scrounge for rent and beefeather, or else you just forgive her college debt for her ?! SHIT." resulting in some very teary-teared butts beseeching "respect for dynamics" and other such goange.
mircea_popescu: not to mention, of course, the beta bois of the "hi i r 20yo webisite-DOMINANT!!!" flavour. "seriously, it's either she comes live in my messy studio apartment and we scrounge for rent and beefeather, or else you just forgive her college debt for her ?! SHIT." resulting in some very teary-teared butts beseeching "respect for dynamics" and other such goange. ☟︎
asciilifeform: the 'college' racket is no sort of 'investment in elite' , in usgdom, rather it is a mechanism for assigning ~everyone a debt of $maxint de jure so that their moneys can be harvested at will later, should they happen to come across any
asciilifeform: if you produce 25mil of somebody per yr, that this is definitionally not any sort of elite. hence 0 attempt to seriously skin 'college grads' for their debt ( good fraction of which already condemned to life term of 'starbucks barista' )
mircea_popescu: he DID get free education yes ? usg still wants you to pay college debt even if you leave.
mircea_popescu: asciilifeform i expect it;s some flimsy attempt to attention whore through keyword stuffing by some inept cunt in california, who has a lot of college debt and utterly no skills to speak of.
ben_vulpes: if it were "small businesses! young people!" the clamor for universal college debt jubilee would be deafening
asciilifeform: 3 types of meatstock are bred for the college racket in usa: the slum bunnies ('diversity admit', they bring in usg payola), the eloi (actual future mandarins, small numbers, they zuckerberg around, you will find'em on rowboats, yachts), and the peasants (most of the chumpers. their purpose is to service nondischargeable debt for the rest of their natural lives.)
mircea_popescu: "the college debt is worse than you tihnk", aka girls being 2/3 overweight, living together, no degree after decade of "work" and obviously, all this paid for by promises that can't be kept.
mircea_popescu: of course, there's some sense in all of that. eg, why exactly is college debt not refinanceable ?
mircea_popescu: they have ap oint though : this debt holds "all of us" back - if college numbers were released from this peg in reality the gdp could go as high as 500% the first month.
a111: Logged on 2016-07-28 14:43 mircea_popescu: there's a hundred to a thousand daughters of "single parent" families with fucking siblings, ie, whoredaughters, who instead of joining their mother's brothel go to "community college" and end up with just about enough "college debt" to cover a decent party weekend. IN FOUR YEARS.
mircea_popescu: "you legalize pot to win, i make it legal for anyone with college debt to take anything they want from us armed forces depot"
mircea_popescu: there's a hundred to a thousand daughters of "single parent" families with fucking siblings, ie, whoredaughters, who instead of joining their mother's brothel go to "community college" and end up with just about enough "college debt" to cover a decent party weekend. IN FOUR YEARS. ☟︎
mircea_popescu: why the fuck did they spend all that money on smartphones and college debt ; and all that time on social media then ?
mircea_popescu: point in case : if parents of useless redditard shoot him, they STILL owe on his college debt
mircea_popescu: "oh, i gotta take college debt on, i'm in a weak negotiating position. otherwise i don't get to my bright fucking future".
mircea_popescu: nor the college debt nor the unlivable sky.
asciilifeform: (his mortgage? his cc bill ? college debt ?)
ben_vulpes: may all of you involved in the appfolio scam dance for venture capitalists for the rest of your lives. may your children emerge from college bearing hundreds of thousands of dollars in debt. may your development teams never accomplish anything, and may you never know the reason why. may your lives complete devoid of meaning, wasting away in poverty and ignominy.
mircea_popescu: "woman" as in, overweight, with college debt, with bad habits, with the entire baggage of having watched as much as 5 mionutes of for-women tv is worth less than a pig.
mircea_popescu: so what exactly is the start situation, 25 derp with 100k in college debt, no skills, no resources, no social net, in the middle of a shitland like the us ?
assbot: Logged on 15-09-2015 15:29:21; mircea_popescu: im kinda surprised it's not here yet. but perhaps the roll up of the "college debt" nonsense will come to that : people get auto-ressetting debt on a 7 yo period.
mircea_popescu: im kinda surprised it's not here yet. but perhaps the roll up of the "college debt" nonsense will come to that : people get auto-ressetting debt on a 7 yo period. ☟︎
assbot: Logged on 25-06-2015 00:44:04; mircea_popescu: anyway. lawyering is only "different" because of your perception. most lawyers die in debt, still not having paid their college costs
mircea_popescu: anyway. lawyering is only "different" because of your perception. most lawyers die in debt, still not having paid their college costs ☟︎
mats: "The average class of 2015 borrower will graduate college with just over $35,000 in debt, according to an analysis by Edvisors, ...[that] makes the class of 2015 the most indebted class in history, graduating with a whopping $56 billion in student loan debt."
decimation: how does getting $60k salary with $200k in college debt 'make sense'
mircea_popescu: "The closure of a college often leaves students in limbo. Without being able to finish a degree, students must scramble to transfer and to figure out how to deal with the debt they have racked up."
asciilifeform: mircea_popescu: robespierre also did not have cc debt, care about college, nor ate 'quarterpounder', nor ever heard a police siren ...
mircea_popescu: also no cc debt, not caring about college, no idea what a quarterpounder with cheese is, completely dissinterested in police sirens in traffic etc.
mircea_popescu: anyway, it needs 850k so people can be paying rents, mortgages and college debt in california.
mircea_popescu: dumbestthing a kid with college debt could possibly do today is put a downpayment on anything based on his salary / some loan.
mircea_popescu: from tax breaks to deferring of college debt, it's all a gift.
decimation: if your scenario happens (college kids leverage usd debt for bitcoin) that will be the way that the baby boomers lose their lock on elite wealth and power in the us
mircea_popescu: you see, student debt is a major problem, and since the fed doesn't want to give kids free money, the central college administration will have to further cheapen tuition
mircea_popescu: no because chicks with college debt and no prospects keep adding it to their blogs
jcpham: college debt is the ultimate crusher of dreams
jcpham: stupid people shouldn't go to college and get in debt
mircea_popescu: <ThickAsThieves> why be unemployed when you can just incur debt at college! <<< this.
ThickAsThieves: why be unemployed when you can just incur debt at college!
ThickAsThieves: college just makes your debt worse
mircea_popescu: at least you don't have 45k in college debt for the priviledge ThickAsThieves
mircea_popescu: which is somewhat not surprising, i guess they're mostly the liberal arts/community college folks with a lot of debt and degrees in whore/nigger studies right ?