Wednesday, November 28, 2012
Only One Month Left
So my predictions for 2012 have not born fruit particularly. As usual we see the wreck coming but it always seems to take longer to get there than we first expect. That is the main problem with collapse predicting and the prepper community the timeline is always much longer than it appears it should be and many lose interest or must focus on more immediate problems.
I did come across this article today however.
Student Loan delinquencies Hit new High
New data released today shows 11% of student loans were 90 days or more past due in the third quarter, up from 8.9% in the previous quarter and 8.8% a year prior, according to the Federal Reserve Bank of New York. It’s also the highest since at least 2003, when the bank first started tracking student loan delinquencies. “It’s a red flag and a warning sign that more Americans are struggling to repay their student loans — things are bad, really bad, and getting worse,” says Rich Williams, higher-education advocate at the U.S. Public Interest Research Group, a nonprofit based in Washington.
It all keeps adding up my friends.
A slow moving train wreck is just as deadly as a fast one so don't get complacent.
Keep Prepping Everyone!!!