The Next Financial Collapse Is On The Horizon
And here’s the proof.
In 2008 after our country’s huge financial collapse, everyone was too busy watching the trainwreck that was our economy to notice how unnecessary the support for Wall Street was. Our government bailed out the big banks that screwed us over, while Americans continued to drown in financial instability. Now a similar financial crash is looming–only this time with student loan defaults. Compare today’s student loan rate figures to mortgage delinquency rates after the 2008 crash and it becomes clear that Americans may be on the cusp of an unfortunate deja vu. History has shown us that when a financial or natural disaster hits the fan, the government uses the opportunity to wield its power to push through a controversial agendas that otherwise would not have been acceptable to the population. Are we approaching another crisis? How will it be handled? Lee Camp goes into detail on how crises are used and manipulated by politicians in a new episode of Redacted Tonight.