The current outstanding student loan debt in the United States is roughly $1.3 trillion, and getting bigger by the second.

The good news (for those not concerned about economic realities), Obama has just set the precedent that loans will be forgiven, the bad news, parents are now telling their kids to take out more student loans if they intend on going to college. But there is a twist.

Submitted by Satyajit Das (former banker and author of The Age of Stagnation),

The current financial market volatility increasingly reflects loss of faith in policy makers. Celebrity central bankers are learning that they must constantly produce new miracles for their followers.

First, the measures implemented since 2009 created an artificial stability and an asset price boom in many markets.

 

But the absolute rate of GDP expansion and level of price changes is inadequate to solve global debt problems.

Push back...

Source: The Burning Platform

Submitted by Matthew Bankert via The Mises Institute,

When was the last time you used a government “service”? Maybe you went to the DMV to get a new driver’s license, or maybe you signed up for new healthcare plan using Healthcare.gov (you’d better — or else!). Whatever transaction it was, there was a government employee on the other end — or as some like to call them, a public servant. 

A 25-year-old woman from Hyderabad, India, was allegedly tortured to death while working as a maid against her will in Saudi Arabia. Her Saudi employers kept her working as a maid illegally after her visa expired and against her wishes while allegedly torturing her physically and mentally. dna India reports: The family members of Asima Khatoon were informed about the death on Thursday when an unknown person called her mother from Riyadh and informed that Asima was no more.