This is KILLING Credit Cards 

💀

Yes, thank goodness

For sure, that would be Greatly Depressing

im so happy I just graduated and have close to 0 experience, a rough economy would fuck me sideways but everything is fine right

So true

How are you going to hide your purchase of fuck tons of gold? That will just end up getting seized during the bankruptcy.

​@Jankyito idk i found some buried in loose dirt in my backyard... the mound was right next to a dirty shovel that i thought I misplaced from my garage.

@@Jankyito tell them that you spent it all on crack

Take loan Buy gold Donate all gold to friend Declare bankruptcy Accept gift of gold from friend

@@iamepick1one single thing GIFT TAX

I mean, it’s a lower %, but over a MUCH shorter timeframe

No, it shows that the government needs to let them fail instead of bailing them out. Also, it shows that consumers are too stupid to go to credit unions even though they're way better than banks.

@@michaelsorensen7567too stupid or banks have more/better advertising and people are primed to be consumption-minded by culture I do agree on letting them fail though. There should be real consequences for conducting business in a stupid manner.

@@justoatze bank: we're going to charge you hundreds of dollars a year to have an account with us unless you have over ten grand in your account, and we'll completely steal your savings in late fees and overdraft fees unless you're actually perfect in money management. Credit unions: we have all the same benefits, but only a $1 reserve to have an account (not even a fee, just literally keep a dollar in the account to keep it open, and when you close the account you get it back) and only a $25 overdraft, BUT we'll also aggressively market overdraft protection lines of credit so even THAT shouldn't be a problem, unless you're completely financially inept. But people think banks are better. 🤦‍♂️

Arkansas mentioned‼️‼️🗣🗣 WTF is an abortion ‼️🗣‼️

@@Peysure or trans people, or a functioning education system, or a FOIA request on the governor.

Oklahoma coming in hot

Are those states or something?

@@alexapexgod4643 Yes, and they're states that most typical Americans don't want anything to do with. I can't really think of anything in Oklahoma, Arkansas or Mississippi that I'd expect people to go to to see. I guess relatives, but that's about it. I'm sure there are things to see and do, but even South Dakota has Mt. Rushmore and Wyoming has Yellowstone National park. I can't think of a single thing in any of those states that I'd expect typical people to be interested in the way I can most other states. Even Louisiana has New Orleans and Mardi Gras, even though it's a bit of a trainwreck for various reasons.

Only when you earn over a certain amount a year Even when you leave NZ its so low (I believe its 3.8% atm, lower than inflation) aha

@@Me-ui1zy Just checked and it's actually even lower than that at the moment, 2.9%, absolutely wild

It was so high in Australia I just decided to pay off my 40k, it would have been a few extra thousand bucks for nothing due to our inflation rate.

Let's be real tho, NACT will likely think about putting a small interest rate on student loans to help pay for their stupid ass tax cuts. I'm at least predicting an increase to GST that will have enough money spent on finding the right optics that it wont change crown revenue significantly enough. I do love our current student loan repayments tho, I've knocked off 7k in the last 12 months, and only about 9 months of that has been proper full time work. Once I pay off my student loans my income will feel very nice

I think the main impact is that they will be taken out of your salary instead of the US seems to have to "make payments" intentionally?

- Make radical promises that get people fired up enough to vote for you - Follow through on none of them so _other_ people don't get upset enough to vote you out It's like Politics 101.

@@mrmcawesome9746 Yep, although, that's also why I'm withholding my vote and voting for somebody else. I'm fed up with the fake promises that they don't even attempt to follow through on even when they should have the votes. There was no reason why they couldn't have given us a public option when it came to obamacare. And there was no reason why there couldn't have been hazard pay given to those of us that were essential workers during the pandemic. They gave out many, many thousands of dollars in unemployment benefits that people weren't entitled to, but the literal people keeping everybody from starving to death got as close to nothing as possible.

@mrmcawesome9746 also, if they don't follow through on the promise, then it's available for the next member of their party to promise. All that said, though, the other party is voting against them, making it difficult too pass the promise. They know this though. They know they are promising, wild things that they could never get passed.

My brain is rotted, did max actually say he watches atrioc?

Meaning I’m still watching the video

That depends on the loan amortization type. Mortgage most of your first payment is interest and a small portion is principle. Each month the amount going to interest decreases and the amount to principal goes to up. So paying off early results in huge saving. One extra mortgage payment a year drops 8 years off your 30 year loan. ( anything paid over the minimum payment fully goes to the principal balances )

Saving this

Also, if you're smart you invest the debt payment, so you "earn" the 5% you're no longer paying, PLUS compounding interest on your investment.

nah they changed that. Now they want 8 minute videos.

Yeah it's super nice

In the US, your future doctors and engineers attend the same high school classes as the jackass who’ll be licking toilets at McDonald’s for 50 years. You cannot force kids into a technical or vocational path; every kid is college bound by default. Problem 2: we have so many administrators and people who get paid over $100k (not including benefits) for doing basically nothing. Problem 3: our universities are more akin to a luxury 4 year getaway camp rather than just a learning institution. Even my local university, which isn’t top 10 biggest in my state, is constantly building and adding new amenities. All these three factors add up to make American universities ridiculously expensive

I'm from nwt! We have the same program, was trying to see if I knew the person

It was the same in the Netherlands but last year they suddenly switched it and now some students suddenly have to pay for a loan they were encouraged by the government to get :/

They bought 2 valorant skins 😔

They had 10k credit and then ignored for 6 years :D

TBH, having that much credit advanced is probably the bigger trick. The typical 20-30% interest rate gets to figures like that a lot faster than people would expect.

Do they earn 2 million a year? If so, that's not so bad.

@@FreedomTalkMedia combined 50k

it caught me so off guard lol

@@Fafa23What timestamp?

kill your bosses in minecraft

Funny how the government bails out huge corporation's and banks instead of it's consumers.

Assuming the obvious shenanigans didn't get called out as fraud, the court would still look at whatever income and assets you have to decide what you can afford to pay back. Assuming you have even a semi decent job, it would end up just being a restructuring where the court decides the terms. Basically just throwing yourself on the mercy of the bankruptcy court and hoping they decide your ass is too broke to pay any of it back.

but does he have glizzy hands though? No? Didnt think so. #AtriocForPresident2024

The thrill of winning an all or nothing sports bet by a coin toss = even more priceless

Reported

reported

****** yourself (with all due respect)

Welp you did mention it

Yeah people don't seem to realize when you discharge ALL your debt, they generally also liquidate basically ALL your assets outside of your home, 1 car, and retirement accounts) Also the court is going to assess your income and how much you can realistically pay back over time before just letting you walk away from your debts. You have to actually be broke for bankruptcy to be a get out of debt free card, otherwise it's just a restructuring, and you'll still end up owing a lot of money.

Betting around bankrupcy cooldown trully is the new meta

Canadian federal student loans are completely interest free as of April 1st 2023. Although, this doesn’t cover provincials loans.

Any Federal Loans issued by the NSLC Service have been Interest free for any students graduating after April 1st, 2023.

BC student loans have been 0% for years

Philippines?

@@henry9755 yuuuuup

@@Pyxytyi would consider Brexit a dumber decision

🇵🇭

@@cdot32 wish i knew enough about that to have a stance, but ill read into it. I only know the gist, that some country/ies wanted out of a group, and that group was beneficial or something lol.

Yep that's the current federal student loan rate. Fairly similar to mortgage rates. Private student loans are worse closer to 10-12%.

@@TopShot501st Thats insane how are you supposed to pay that off? wow just wow

@@samfrank6256 pay more than the minimum required.

There are ways where some student loans were forgiven. It depends on the situation and the laws already on the books. The supreme court is the one delaying the cancellation for all possible kinds of instances.

@@wewhoareabouttodiesaluteyo9303There is no way it will happen because it is those types of things that will not happen. It is just a public stunt because no side of the political divide wants to actually do it. The only reason Biden does it is to score some political points because he is desperate. However the Supreme Court is in the right to blocking it as it is illegal to do this. You can not put someone else student loan on the taxpayers. You can NEVER forgive a loan, the loan has to be paid. It is just a matter of who pay it and who does not. If you make plans around a student loan forgiveness expecting to not have to pay any or just a part of it. You are delusional. No rational person create their budgets and financial plans around a possible politician promise made during election seasons. Especially when such a promise is illegal. Only fools plan around the idea that they will get a bailout by the taxpayers. You MUST plan around that you will be forced to pay it back, so you should at no point get into it unless you think you can pay it off without help. That is at least what responsible people do.

Plus Trump wants to get rid of NATO, which will tank US influence all over the world and let Russia and China do whatever they want

Hey man, I agree that they are both bad, but at the end of the day we all rely on a functioning economy. All I see Biden do is pass bills that mean nothing, hurt the economy, and benefit the wealthy. Trump might be able to do better. Whatever party takes the inevitable recession will likely not be able to win the next election. Other than that, from what I remember, the only lgbtqia+ policy he tried to pass was severely misinterpreted by social media and was intended to help trans people serving in the military stay with the group that had the proper support for their biological sex. I don’t find his campaign to even make any comments on lgbtqia+ topics. The racial thing has more validity, but even then I dont think he’s even attempted to pass anything racially motivated. Not allowing immigration has nothing to do with being racist. Hell, there just about every ethnic background trying to enter this country. I think the most valid criticism you can give the guy is about his personality, and the victim mentality he and his supporters have created about themselves. He’s a narcissist that makes America look bad, but we get that with either primary candidate.

That just seems backward to me.

Are you really trying to argue that Trump is much worse "socially"? Objectively speaking, Trump is more put together than Biden. Subjectively, you can decide for yourself, but objectively, Biden is more frail. Biden is the lowest rated president in my lifetime according to polling. The entire world thinks Biden is a fossil of a joke. Are you sure you want to say that a sexist, racist old white man is "much better" than a less sexist, less racist, slightly younger white man? Biden has enabled TONS of bad stereotypes and to attempt to deny that is to be, by definition, openly bigoted. Biden includes dangerous stereotypes about Americans in his speeches. If you disagree, then that means that you believe too many of them, then there's probably not much more I can say if that's the case.

Well not everyone is cut out for those sexy trendy STEM majors ya know!

@@JohnSmith-zw8vp That's a fair take. However, the basic point remains, that it's unfair for guy A to get some benefit and make guy B pay for it. It's not just STEM guys who'll be paying for "forgiven" loans; it's people who never went to college as well.

Americans aren't exactly known for being the smartest bunch

theres no way you’re serious. im not a big trump guy but come on, even just this claim is absurdly false. as you said, you aren’t american so just butt out, we don’t need this rhetoric

@@jomammajoe8570 he 100% tried to overthrow your government. deal with it, he's a treasonous scumbag

i hope Trump looses cus i think my dumbass of a prime minister would get in a trade war with him

The country is divided, they're not the same people

Where do you live?

Well it's all relative, when people get used to free money and then suddenly it's not so, they are more affected.

no assets? debtmax lmao