Student Loan Forgiveness not Free Money??

If you are one of the Americans who are looking at saving some of your debt with the student debt forgiveness or Debt Transfer Act they're looking at putting through, we are sincerely happy for you. If you benefit from bad policy, that is still awesome. What we encourage you to do is take that debt forgiveness and apply it into real estate. Invest that money.

Now, a win's a win. You're winning the battle. Sad part is you're going to lose this war. Whenever you borrow for something that's not economically beneficial or productive, We get what's called inflation, and inflation isn't prices going up. Inflation is an addition to the money supply. Whenever huge liabilities shift around from individuals to corporations, whenever it gets shifted from one obligation of a person to another, we have to print money because that person doesn't want to just pay the obligation. They want to devalue the debt. When it gets at a huge level like this, we get huge inflationary periods, and people like us in our generation get burned out. So invest your money wisely.