Why Student Debt Is So Hard To Forgive

Debt is used to enslave. I think it was John Adams who wrote that there are two ways to enslave a nation, the sword and debt.

Nathan Ngumi

Remember that in that violence there are two sides of that coin. It’s assumed that only one side inflicts the violence, but there are always movements, with large amounts of people, that will gladly bring on the juice. It’s on and poppin’!!!!!

Haven’t watched it yet, but I will. My bet before I watch? It will piss off the donors?

NewTooshFatoosh

Holy crap. This was your best video. And that’s saying a lot cause your content is always on point. I think it really illustrated the insane amount of violent coercion this system engages in and really puts into perspective how disgusting it is that our “leaders” constantly preach that THIS is the most free country and there’s no better alternative. Wow.

Excellent work as always! I just read the Debt book by Graeber and what a revelation that was. I’d also recommend The Deficit Myth by Stephanie Kelton. It shows why there’s always more room to expand the military budget, while US elected officials are at the same time engaging in histrionic posturing and repeating “how are you gonna pay for it?!” like malfunctioning wind up toys whenever there’s a popular universal social program mentioned. One of the biggest takeaways in that book to me, a lay person that never took an economics class in their life, was this: all government spending is new money that has been created and all federal taxes do is take money out of circulation. One of the only things limiting the US government’s ability to create more money for any reason is inflation. So the US government can never go broke and will always be able to pay for anything it needs to pay for as the sole issuer of a sovereign fiat currency. It’s corporate greed that keeps the government hobbled when it comes to providing for the public good, because corporate elites have decided it’s more profitable to keep people poor and desperate. I know I’m preaching to the choir here, but I wanted to share, because none of us need fall for those bad faith arguments by crooked politicians ever again.

Therion Gish

Wow! That was an excellent analysis of the systemic web that holds debt in place. Thank you for boiling down the abstract theory to a sensible drink. I don't think i can move much further left and still be in the political compass at all!