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MAX KEISER: Debt Zombie Students

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In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the potholes in the economy causing young people to go deeply into debt for education, property and retirement. In the second half, Max talks to Iona Bain of youngmoneyblog.co.uk about students debts in the UK and the merits of raising interest rates in order to encourage savings.

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12 Comments

  1. The mentality of governments for the last few decades is to get everyone into university, as the universal cure all for all of our problems.

    All it has created is unnecessary and costly degree inflation, a huge and unsustainable student debt bomb, and a bunch of people who are not university material wasting their time in university.

    Switzerland has one of the lowest university graduation rates and one of the best economies in the world.

  2. The government (aka….tax paying people)
    HAVE to pay kids who want to go to tax paid schools…
    but these kids…
    take courses that don’t guarantee jobs for them?!!?
    And then these…kids…expect the tax payer…to absolve this kid from
    their debt?
    What planet are you from?
    Let the parents pay their kids debt…
    if the kid doesn’t pay it themselves.
    I gave you a loan. You don’t want to pay it?
    Where do you live, so I can get MY MONEY BACK!

  3. “…Not even Prince will be able write a song about it.”

  4. We need to end student debt. The debt is way below market value. The government or banks should not be loaning to dead beat students that do not pay it back. The interest rate is way below the inflation rate.

  5. Max, Stacey…we’re not morons. Retirement program and superannuation fund contributions etc. etc. are removed from our pay packets before we ever see a penny of what’s left over. If retirement program contributions were not mandatory, probably 80-90% of wage earners wouldn’t entrust those funds to our incompetent criminal governments. We’d make our own arrangements with investments suited to our personal life-choices. Those bastards take it because they know we wouldn’t give it freely.

  6. The universities should be making the student loans. Let them put their money where their mouth is. If they won’t bet on their students then why should the taxpayers?

  7. Just for the record, some parts of the UK don’t have student fees.

  8. Keynesian…

  9. He is the man standing in the shadow that you dont see… :)

  10. I look at OBAMA as the Dark Lord !

  11. Most college education (which is mostly useless) and its cost is really a tax on being unemployed.

  12. Thanks for the upload. Keiser Report is one of the few places where you get honest news

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