What happens when not if the millions of indebted American students default on their college debt?

Didn't all the Millennial kids in debt vote for Bernie Sanders anyway? I think my generation is well aware of how much we are being squeezed to death. Hence why they want social democracy.

No I don't think it's because oil is cheaper. Public transit is terrible in the United States. You'd have to be pretty fucking poor to not be able to afford a car in the United States. I have heard from Peter Schiff (yes he's an Austrian economics guy) that auto loans are like "the next" bubble. First it was the housing bubble, then the student debt bubble. Auto loans is next. According to Schiff, Americans can't afford to buy cars outright anymore. More and more Americans are financing and leasing now. That explains the auto loan debt.

Here in Toronto, I pay $2,000+CAD/year for auto insurance, gasoline is like $1CAD/litre (it's been awhile since I filled up. I don't know what it's like now), mechanics here charge like $120CAD for an oil change and tire swap. They brag about how many people use public transit in the suburbs here. But that's only because the people can't afford to own a fucking car. We are being squeezed. Oh and our public transit fares are like the highest in North America too.

I'm tired of Canadians thinking we are superior to America. This is a shit hole country where everything is fucking expensive and there's not much of a welfare state left anymore because of all the neo-liberal reforms since the 80s and 90s. Or at the very least Toronto is a shit hole city.

What do you think of the Quebecois nationalists? They seem pretty left.

Just like libertarianism, their brand of leftism is self-defeating in that they completely ignore demographics. That party's influence is waning because of the lumpen mudslimes who just want gibs that are displacing the French Canadians with low birth rates.

I don't think Quebec is all that socialist though. I had a look over at the social assistance website for Quebec. And the welfare there is still only like ~$600CAD/month. Which is pitifully bad. Lower than what it is in Ontario ($681).

If Muslims want socdem gibs me dats, they are in the wrong country. Or perhaps the wrong province. They are better off in Norway, Sweden, Denmark, Germany, France, etc.

CHECKMATE

Yeah, I know a lot of "anti-colonial" are calling their national struggle simply a white imperialist struggle while failing to apply that same measure to Chicanos or blacks who also can be considered settlers. The only valid reason I've seen for that line is muh whiteness

Checked the currency conversion online. Its about 516 bucks? Damn, burgerland's welfare payments are higher.

I guess Canadian social democracy isn't all that its cracked up to be. Does that mean the Canadian working class is prolelier? I was always a bit surprised when I see huge demos in Canada, it seems like the general population is more left-wing.

Debt insurance doesn't stop there when the banks can't pay either.

Lolberts will just say it's the government's fault fam. Technically they would be correct in this regard, they just don't realize the state has everything to do with capitalism. State capitalism 101.

Then the government bails out the creditors.

ok pal

are tradefags the new stemfags

Typical leftist reductionism (also I'm disappointed that you didn't put in the effort to shoop a nazi face on the guy).

The point isn't that Jews are doing well financially. As a group, Asians are doing better than whites and even the most dedicated "Race War Now" type doesn't begrudge them that. It's because of how the Jew operates. You commies start with the premise that class conflict is inevitable. I would agree that this is the case in any system in which the Jewish identity (calling them Talmudists would be more accurate, but I digress) persists in any large degree. The Jew is the necessarily hostile elite- he tricks and undermines his host civilization through a myriad means, and destroys it from within. The Talmudist religious is one of malicious compliance, even in their practice of the work free sabbath their whole goal is to use tricks to get around the restrictions their foreskin-collecting volcano demon put down. It's the same with how the wall street executives walked away with shecklebags full of sheckles after saddling the country with their debt.

You've convinced me entirely, I'm gonna go get some Zyklon B to save the world from the evil j00ish conspiracy. HEIL HITLER!

More leftist reductionism.

You're probably not aware, but the consensus isn't that there's a jewish conspiracy per se- jewish behavior is more the natural extension of how jewish values (and potentially biology) interact. They are highly nepotistic, and highly antagonistic towards the goyim on a religious basis:

Yes they did. And when the government squeezes ever harder, things will get bigger than throwing chairs in nevada.

The lolbert's argument falls flat on its face when people realize that the government is only on the side of the rich and businesses, which is something becoming more and more obvious to everyone.

Well, I dunno about that, but I do know that trade school costs a small fraction of what the typical college education does, and when coupled with an apprenticeship program and or union membership, the jobs involved are usually as well paying or better than what you can typically get with a degree.

Most of the guys I work with make well above what the average American makes per annum, and that's starting out.

It would also help a) with the shortage of skilled workers in this country and b) open the trades up to more people with a leftward outlook.

Because actual blue-collar leftists are mighty thin on the ground here, and abandoning the trades for academia is part of the reason that the left is not getting anywhere in this country.

We need more workers, and I don't mean starbucks baristas.
Class consciousness is at an all time low, and avoiding labor, which is traditionally the starting point for leftist movements, isn't helping.

Oh, don't worry, they will.
But most of them won't see it as the "tyranny of capitalism", and the ones who do will be dismissed out of hand because nobody put a gun to their heads and made them sign on the dotted line.
They made a choice, a massively unfair and I would argue, unnecessary choice, but a choice all the same.
They had other, more attainable, more realistic choices than to shoulder massive debt for a degree of dubious worth, but that's an argument for another thread, I think.

So you think that Jews have more power/influence/money, which is unfair. Got it.

Holy shit, you're deluded. Back to Holla Forums you go

leftist going to tradeschool reporting in

I met one other left-leaning fellow. He avoids id-pol entirely, refuses to label himself. Cool dude. Other than that, everyone is a redneck hick or typical millennial type liberal cuck

hello Holla Forums

In many cases it is the only housing loan a young person with low credit and no job can get which means that a gun is metaphorically put to their head since its defacto illegal to even be homeless in many places and they will enforce it with the threat of violence, a gun being one of their tools.

Student debt is just one of the numerous contradictions inherent in capital that are going to start making things very interesting in the 21st century. What you're going to end up with is an generation of largely unemployed and otherwise minimum-wage-earning workers competing with 50 other people with expensive degrees for a job that won't pay enough for them to pay off their loans until they're in their 40's, if not later than that. Social mobility is also mostly nonexistent, so these people are going to be stuck with these jobs for the rest of their lives most likely because they'll not have the slightest degree of freedom and will be living paycheck to paycheck to survive and pay their loans.

This, and the many unemployed students who won't be able to pay off their loans (even more so if automation starts to become more widespread) will lead to a population who isn't able to consume beyond their most basic needs. And without consumers, there is no capitalism.

Typical leftist lack of reading comprehension