NIA Comments On The Upcoming Bursting Of The...[American] College Debt Bubble

"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..."

Read Tyler Durden's Article Here