Wednesday, April 29, 2026

What causes most Bankrtuptcies? Too much borrowed money and too many student loans ($100,000 or more)

I had an agreement with my son. "IF you complete your bachelor of Science Degree, your mother and I will pay off your student loans." So, he kept to our agreement and kept his student loans low enough so we could actually do this. I think it was between 35,000 and 40,000 dollars we paid off when he graduated with his Bachelor of Science Degree here in California.

However, bankruptcies often are caused by too much student loan debt combined with carrying too many loans at too high of an interest rate.

When we saw that Trump was going to get in and understanding how he is "OF the rich, by the Rich and For the Rich" ONLY, we began to pay off all loans quickly so when he got in as president we would be financially stable to be able to help ourselves and members of our family survive the Great Depression Trump is likely to create similar to Herbert Hoover who crashed the Stock Market in 1929 through Tariffs (just exactly like the Tariffs Trump has imposed worldwide too.

So, Trump might crash the markets again too and throw most of the middle Class and poor into bankruptcy worldwide. 

If you have studied what Hoover did just repeat that again (sort of) with Trump.

Also, Trump is owned completely by Oil profiteers worldwide and he and his family are oil profiteers along with his bosom buddy Putin. So, Trump and all his oil buddies including Putin are making billions or trillions of dollars now as the middle Class and poor of the world go bankrupt from Debt and student loans.

 So, if you can pay off all your debts free and clear like we did when we saw Trump might get in and take us into another Great Depression where rich people steal everything that poor people own and they die like flies worldwide from mostly starvation and suicide caused by People like Trump worldwide.

So, this is why we prepared for the Great Depression Trump is presently starting worldwide where millions will die of starvation or in war situations where Trump and his buddies make an Oil Killing worldwide while millions and billions starve to death because of high oil prices worldwide.

So, right now who is the biggest cause of worldwide Bankruptcies now and in the future: TRUMP! 

 

 

 

 

 

 

 

 

 

 

 

 

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