Hello, fellow rebel capitals, hope you're well. So we have delinquencies, skyrocketing.

And it's not just with student loans. We're going to get into this right now and try to connect some dots.

And at the end of this video, I'm actually going to give you some more inputs that I'm using to determine how well or how poorly the U.S. economy is doing because, as you guys know, right now, it's very difficult to, let's say, trust the data coming from the government.

Now, with this one, with delinquencies, I think it's pretty straightforward because

this is data that's coming from the private sector, from the banking system, from the Fed.

So I would, believe it or not, trust that a heck a lot more than I would trust the BLS now and

moving forward. Okay, on that note, let's dive into what's going on with the student loans,

and we're going to get into the mortgages as well, and credit card debt. I believe the New York Fed just

went into that. Student loan borrowers face default cliff as late payments climb. Now, it's not that

just late payments climb. As far as I can tell,

these delinquencies are at an all-time high. So let's read the key talking points as the U.S.

Department of Education ramps up collection efforts on past due federal student loans. And by the way,

remember all these things were on forbearance or whatever the word is. The bottom line is people

didn't have to pay them. but the interest was accruing it's not like they just got to get out of jail

free card that interest was accruing the entire time so i assume that that gets tacked on to the end

and that would increase their payment, all as being equal.

And I remember the average student loan payments, about $400. So you say, oh, this is $400.

But, hey, for the average Joe and Jane, I mean, that's a big deal. That's their discretionary income,

most people, at the end of the month. So getting back to it

here, the past two federal student loan, a default wave is coming. It's already come. I don't

know what you're talking about. It's coming. It's already here. Of the 5.8 million newly

delinquent borrowers, nearly onethird could reach default status in July,

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