Mike Went To Prison & Student Loans Are Out Of Control | EP 27
Apr 17, 2024
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Former prisoner Mike shares stories of prison reformation and Death Row. Topics cover high student loans, value of college, Japan's aging population, and AI. No guest but plenty of insights on financial instruments and real estate trends.
Market trends indicate a rise in asset values due to excessive government spending worldwide.
The student loan system has evolved into an educational industrial complex with escalating debt burdens.
Insights from Mike's prison visit highlight the need for reform in the US criminal justice system.
Deep dives
Insights on Financial Trends and Investments
Financial trends indicate a rise in the value of assets like gold, silver, copper, and real estate due to excessive government spending worldwide. Market shifts reflect the impact of populism and governments avoiding tough economic measures. The surge in demand and scarcity of supplies in certain sectors contribute to the current market dynamics, especially in industrial metals like copper.
Challenges and Impact of Student Debt
The discussion delves into the escalating rates of student debt and its impact on higher education. The student loan system, originally aimed at making education affordable, has spiraled into an educational industrial complex with rising tuition rates outpacing general inflation. The narrative highlights the financial burden on students, lack of bankruptcy relief, and the need for restructuring the student loan program.
Examination of the US Criminal Justice System
A visit to Angola prison sheds light on the complexities of the US criminal justice system. Insights reveal the normalization of plantation-like settings within modern prisons. Discussions around excessive sentencing, societal consequences, and the challenges of parole laws underscore the need for reform and a deeper understanding of the punitive system.
Challenges of Aging Populations in Industrialized Countries
Many industrialized nations, including Japan and Korea, are facing a demographic crisis with rapidly aging populations and declining birth rates. Japan, for instance, has almost 30% of its people above 65 years old and only 11% below 15. This imbalance creates economic challenges as fewer young people support the aging population, hindering growth and increasing debt burdens. The phenomenon of aging populations is not limited to Japan or Korea but is a global issue affecting countries like Italy, Germany, China, and the US.
Implications of AI Development and Big Tech Dominance
As AI technology advances, concerns arise regarding its use of copyrighted material and the lack of transparency in algorithms and data sources. The debate surrounding AI regulation and data access raises ethical and practical questions about privacy, bias, and democracy. Moreover, the dominance of big tech companies like Amazon and Apple in the market poses challenges for competition and innovation, prompting calls for greater regulation to prevent monopolistic practices and protect consumer interests.
A weekend in Death Row was filled with hugs and tearful stories that Mike brought back to share with the Wolf Pack. Prison reformation, the history of how student loans got so HIGH and the topic controlling the world right now: Artificial Intelligence. We've seen our community ask for more of these solo episodes, so we decided to go back-to-back before bringing back a guest.
No guest for an ounce of gold but don't miss your shot at an oz:https://jmbullion.com/businessuntitled
00:00 Introduction 03:00 Inflation and Precious Metals 09:30 Student Loans, an American business 20:30 Why college is still a valuable experience 32:19 Mike's Experience In Prison 43:00 Japan's Population is shrinking... 51:40 Answering Fan Questions
Neither the information, nor any opinion contained in this podcast, constitutes an offer to buy or sell, or a solicitation of an offer to buy or sell securities or other financial instruments or to participate in any advisory services or trading strategy. Nothing contained in this document constitutes investment, legal or tax advice or is an endorsement of any of the investments/companies mentioned herein.
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