Bracing For Student Debt Tyranny

Silver Vigilante The student debt load in the United States has surpassed $1 trillion dollars and represents one of the surest financial hurdles facing young people in the United States. The debt load for many individuals has reached paralyzing levels, causing thousands to live life in despair and fear. Just four years of mediocre college can land an individual with more than $60,000 in debt. I implore you, however, no matter what your debt burden is, live your life to its fullest. Take deep breaths and look to the sky so that sun’s rays might lick you on your skin and get that melanin flowing. What follows are some financial and personal suggestions to get yourself in a position to minimize risk in terms of your college debt. The most fundamental part of minimizing the burden of overreaching college debt is knowing what plan fits best for your particular situation. Here are some general suggestions to help you start coping. First and foremost, buy physical silver. Silver has gained in the last decade + more than 500%. This easily outpaces any student debt interest and would be an effective hedge against the eventual paying off of these debts. To protect your own assets, each individual who is saddled with considerable student debt should consider opening a bank and investment account outside of your country of residence. You do not need to have large sums in savings outside the country (most of your savings should be in silver), but you need to know what it is like to operate on a global level. Consider strategically placing the legal title of your assets in another person’s name (like your spouse). Be careful, however, as this could have nasty side effects later. Do what you are able to create multiple streams of income so as to reduce your dependency in one area Obtain a secondary passport where possible. Many Canadians and Americans have rights to second citizenship based on ancestry. Usually, the application can be easily submitted directly to the government for less than $500. Read More