NIA Comments On The Upcoming Bursting Of The (Bankruptcy Non-Dischargeable) College Debt Bubble from zero hedge by Tyler Durden

NIA Comments On The Upcoming Bursting Of The (Bankruptcy Non-Dischargeable) College Debt Bubble

from zero hedge by Tyler Durden
The NIA, better known for cutting straight to the chase and not really mincing its words today focuses on the latest trillion + dollar bubble: that of US higher education, which is getting increasingly more funded directly by the US Government. "The National Inflation Association believes that the United States has a college education bubble that is set to burst beginning in mid-2011. This bursting bubble will have effects that are even more far-reaching than the bursting of the Real Estate bubble in 2006. College education could possibly be the largest scam in U.S. history." And the kicker: unlike housing debt, college debt has that extra oomph to it that it traditionally is not discharged in bankruptcy: as such it is the ultimate subjugation mechanism. This one sure is set to get interesting... 

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