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From the time an American child reaches the sixth grade they are taught the key
to success in life is to do well in high school
so that they can get accepted to the best possible college. The better grades
they get in high school the better college they will have an opportunity to
get into. They're taught that if they get into a great college and get their college degree
any type of job they desire in the field of their choice will be there waiting for
them. After getting their dream job they will be able to buy any car and house they desire start their own family and live
the American dream.
Most Americans today have an expectation of future economic success simply by
obtaining a college degree. The entire purpose of elementary school is to
prepare students for high school
and the entire purpose of high school is to prepare students for college. In fact
the U.S now has hundreds of private college preparatory high schools
that at a cost of $25,000 per year are supposed to
increase students chances of getting into a top-tier college.
Students are taught to believe that if they don't go to college they will be
on a path to nowhere and will have no chance of ever building a successful career.
Government regulations like no child left behind have left grade and high
schools in shambles. Instead of teachers having the freedom to think outside the
box and use creative techniques
to prepare their students for the real world
they are forced to be narrow-minded and teach with worthless information that
will never help their students have successful careers. Today there are no
high schools left in America that teach students the knowledge necessary to
start their own business,
invent their own product
or even how to use the internet and other free resources to become educated
about things without attending college.
The annual cost to attend the average private four-year college in America
today
is $27,293.
Up 29% from five years ago
during the 2005-2006 school year when the annual
tuition cost $21,235. This does
not include the cost of text books
which have tripled
over the past decade.
Colleges are now charging $200 for each single textbook that
has no re-sell value because they put out new slightly revised versions with a
new name each year.
The textbook publishers are even colluding with college bookstores to
make custom textbooks, so that students cant save money by buying them online.
Colleges are getting kickbacks from publishers
in order to destroy the used textbook market which
by itself is proof enough that college administrators are only interested in lining
their own pockets
and have no interest in helping their students
COLLEGE CONSPIRACY
Kingston, New York
You have to have a certain kind of brain
to understand the dead language
that they write in textbooks
but they brainwash you from a little kid up
so that you buy into the system
and you get grades
and you study hard
and then you become a member of
the total system.
No freedom.
you don’t know how to think!
Because they told you how to think their way!
College tuition has seen 5.15% annual price inflation
over the past five years.
This is despite the fact that U.S real estate prices are down 26%
from their peak in July of 2006 and the Dow Jones is down
18% from its peak in 0ctober of 2007. Even
oil is down thirty 38% from it’s peak in July of 2008.
During the financial crisis in 2008 Americans lost ten points
two trillion dollars in paper wealth.
And college is the only thing in America besides the cost of health care
that did not at last temporarily decline in price.
Inflation
has made it
impossible. Again
when I was a kid
it wasn't...
You never heard parents saying
we're planning of putting money away
for your education because it's going to cost us
$100,000
and we have to keep putting that money away so that when you graduate
not only will you not pay us back
your not even going to get a job!
Over just a two year period from December of 2007 through
December 2009
8,363,000 jobs in America were lost. Or
6.1% of total jobs.
One year later in December of 2010 thanks to the federal
reserve and the U.S government spending 4,6 trillion dollars on
bailouts, stimulus programs and other government spending 1,124
million jobs in America or 0.9% of total jobs had been
recovered. That is over 4 million dollars spent for each job created.
As we move deeper into this great recession
that we believe as inflation continues skyrocket the reality of a great
depression will come in
because people will realize that all that
worthless money you have
cant buy you
much of anything.
You're going to see more and more people, as their already doing,
believing that by going to college
that's going to be their passport to the future. It's not what it
used to be.
A degree, a college a BS what does that buy you?
And I love the mentality!?
The mentality is this
that corporations, businesses won’t hire a person
unless they get a degree. Heh!
Not me.
I don’t care if they have a degree.
It makes absolutely no difference.
I want you to have a mind
to be able to think for yourself and think on your feet.
and be energetic love what your doing and have a passion in so many different other ways.
Not to be able to just regurgitate
what your being told.
and that's all it’s come to. It's regurgitation.
During an economic downturn when Americans are losing their jobs, their
primary instinct is to seek higher education
in order to make themselves more attractive to potential employers and
better position themselves to receive a job.
However how are Americans supposed to spend $27,293
per year for college when they have no savings or income to pay
for it.
The U.S government with the backing of the federal reserve in the same way they
created the real estate bubble by providing mortgages to all Americans through
Fannie Mae and Freddie Mac, regardless of whether or not they had any capacity to
pay the loans back,
has been using the exact same easy lending practices to create one of the
largest bubbles in U.S history.
The College Bubble
College students borrowed $106 billion dollars in total student
loans for the 2009-2010 school year.
Up from 96 billion in 2008-2009.
94 billion in 2007-2008 87 billion in
2006-2007
and 83 billion in 2005-2006.
Total student loan debt in the U.S currently stands at 830 137 00:08:16,319 --> 00:08:18,800 billion dollars and now exceeds
credit card debt.
Branson, Missouri 139 00:08:28,560 --> 00:08:30,819 I was so pro education
that's all I wanted in my life was an education
and
I'd like to still be pro education but to put anybody through what I've been through... No, no.
Really in my case education I think ruined my life.
So I mean I would have been better off if I just would have
gone to work at
you know, McDonalds or something.
Actually so...
- That’s unbelievable. - Because this is a debt I can never get over..
The U.S government created Fannie Mae and Freddie Mac in order to make housing
more affordable but instead their actions threw housing prices through the roof
and made buying a house impossible for most Americans
unless they took out no money guarantee teaser loans with interest rates that
substantially increased after a year or two.
The U.S government has been trying for decades to make college more affordable
but it’s actions have accomplished the complete opposite effect.
College is now impossible for most students to afford without getting
deeply into debt to do so.
All across the country Americans are graduating college with mortgages before
they even buy a house.
When I graduated from my undergraduate degree I had $300 in student loans
that I owed.
$300
You know you can hardly buy two cups of coffee
and a meal but the student union these days $300 iso
when I graduated with my undergraduate degree
what you got
in exchange for your education
was lifetime indenture in a new house.
Right so you got to buy the mortgage.
Yeah, look what you got.
You got your degree,
you got out of school,
you've got a job and therefore you bought a house because culture drives
you to buy a house so now your in debt you have to work.
You have to be part of the wage slave economy for the next twenty or
thirty years till the house is paid off.
These days
college is the new house.
And you don’t even get the new house.
As soon as you get out of school you’re indentured for life.
Once you started taking out loans what kind of debt did you end up getting into
and how much have you been able to pay off? When I walked out of dental school I was a
$136,000 in debt
and I have paid in close to $100,000 right now.
They say I owe $300,000
so I still have quite a bit obviously that I cant
manage anymore
and I’ve done everything I can to manage it but it becomes unmanageable at a certain point.
One of the loans the heal loan
was a health occupation
loan and when
that defaulted
then I can no longer
see Medicare and Medicaid patients so I'm very selective of where I can even work anymore. - Wow!
It ties my hands, if I wanted to go into
Indigent care or one of the free clinics I couldn’t - Right.
When I was first told this I was told by my attorney
that I would not get Medicare or Medicaid.
Well I said okay, well there’s not much that I can do
and for many years that's what I believed because that's what he thought.
Well he comes to find out that's not what it was at all it was that I was unable to work
on patients with Medicare and Medicaid and so when I went to work for
this
place I am working
I thought we were fine because we don't take them, well there happens to be some
federal employees that now I cant see
but didn’t realise that and so when we realized that the office manager sent a note to them
and said you know what's the deal? And they said: She knows all about this.
No I don't know about it and neither do the attorneys and neither does anybody else
I mean these laws are so vague it's just amazing.
So you have to watch who I see
and fortunately my employer has worked with me or I would be out of a job
basically.
But there very vague and they keep you in the dark and won’t really
try to help your figure any of this out and work with you.
I know there’s a new income based repayment but I don’t fall into any of that so hey...
I don’t know, I just don't want to see it happen to anybody else, that’s my problem. - Right, there’s no compation, no help?
- there’s no help, there’s no compassion nothing. - There just vultures.
Back in the 1970's
the average college student was able to afford their college tuition without any
student loans
or help from there parents.
They were able to pay for college by working a part-time job year-round or by
simply working full time during the summer when they were off from school.
Not only that but they were also able to afford their own car payments and
possibly a small apartment.
The U.S government destroyed this by providing easy student loans to anybody
who applied for them
without any credit requirements. Over the past decade any eighteen-year-old has
had the ability to take out large student loans without even being asked
if they have a job,
what their high school grades were, what they intend to major in
or any other information that would help determine their future ability to pay
back the loan.
This is a paper and this is a copy of the original of what they gave me
the day I graduated from dental school.
What amount
of income level I would have to
make directed and how much of that would have to go to school loans
and
what percentage
first off I never even made enough in a month
to pay the
monthly
school loan
amount so that’s why I went into default.
- And they just basically made
completely unrealistic projections on this. - Totally unrealistic, yes.
I have not managed to make any of them
at all.
Each year they are projecting I would clear
about $260,000
and I'm making about $80,000.
- How did they come to these numbers? - Well I'm not sure. - Over $400,000...
- ...by 2015 which will not ever happen.
The problem is also a percentage of what there taking
I know it’s been proposed at 10% and I think that is a fair amount but at some
points I paid as much as 32-34% of my wage
right now I'm paying 25% of my wage
to
schools loans
and that's a huge amount when you have other debts and bills as well.
- Thank you so much. - No, thank you
very very much for what your doing I appreciate it.
we need the help.
Today
2/3 of students are graduating college with an average student loan
debt of $24,000 dollars and the government is now making the
situation many times worse by completely taking over the student loan business.
Hidden inside of the recently passed health care bill the government passed a
complete student loan overhaul where they removed commercial banks from providing
loans to students.
Now
all students will receive their loans directly from the government
at artificially low interest rates.
There's absolutely no reason why
we the taxpayers
should be funding college-education
and that’s what their doing when their giving government aid.
Do you know what my college debt was when I got out of
school?
$1,500.
$1,500.
You talk about inflation.
You talk about inflation do you know what it cost me for an entire year to go to school?
$2,000
and that included room and board.
Want to talk about inflation?
Your never going to be able to get out from that debt. Your an indentured servant. That’s right.
That $120,000 you owe
the $80,000, the $40,000, $250,000 if you're a good student
that went to law school and your that much in debt without a job you have to pay it back!
There is no way out.
That’s the system.
Ironically, hyperinflation is the only way for Americans with hundreds of thousands of dollars in student loans to ever escape their debts.
One of the unintended consequences of the Wall Street bailouts of 2008
is that now most American students believe that if they take out loans to
attend college but can't find a job to pay them back they will be bailed out by
the government and have the loans forgiven.
NIA believes this is indeed what will ultimately happen and therefore
it will be
U.S tax payers who end up paying for the artificially inflated sky-high
tuitions for all college students
who can't or choose not to repay their loans. It won't only be taxpayers who
suffer all holders of U.S dollars worldwide will ultimately pay for
everybody’s student loans
as the federal reserve is likely to print the money to make up for these bad
debts.
Which will lead to hyperinflation
and a worthless U.S dollar.
Many students are outright abusing the system.
Although government student loans get sent directly to the college or
University to pay for a student’s tuition, private student loans that are
guaranteed by the government usually get sent directly to the student in the
form of a check.
NIA has been hearing countless reports of students using this free
student loan money to buy food,
electronics, clothing, jewellery, even cars.
The friend of one NIA member used his student loan money to rent and furnish a
fancy apartment in Manhattan and didn't even go to college.
Even when the loan comes directly from the government and goes straight to the
college there's often thousands of dollars left over each semester after
tuition is paid for. This extra money then gets dispersed directly to the
student in the form of a check.
There is an epidemic in America of students using their student loan money
for non educational purposes and absolutely nothing is being done to stop
this from happening.
This is complete insanity and all Americans will pay for the madness in
very near future.
One NIA member from Kansas city, Missouri has a wife who was one semester
short of obtaining her teachers degree.
Instead of borrowing the $8,000 dollars required for tuition at
Northwest Missouri State University she took out a government student loan for
$13,000 and used the extra $5,000 to buy a
a used car. Unfortunately shortly before graduating Kansas City closed several
schools
and laid off 300 teachers.
She is now working at a school cafeteria for $8,50 an hour. Although she
was required to make monthly payments of a $146 for ten
years after calling the government student loan office and inquiring about
their income based payment plan they agreed to reduce her monthly payments
to zero.
With all the modern technological advances the world has been experiencing
in recent years
the cost of a quality college education in America should be getting cheaper. It
is now cheaper to purchase a plasma television or laptop computer then years
ago because the government doesn't subsidize purchases of these products.
If there was a true free market in college education,
colleges would be figuring out more cost-efficient ways to educate students
using modern technology
in order to bring tuitions down and compete against each other for the
enrolment of students.
By guaranteeing student loans and providing too much financial aid to
students the U.S government destroyed the free market in college
education. One NIA member who is 50% owner of a private
vocational school tells us that he is legally forced to raise tuitions
every time the government raises financial aid to students.
The government's 90/10 rule mandates that at least 10%
of a private for-profit colleges income
comes from non federal government sources, therefore private for-profit
colleges must keep raising tuitions to stay within the 90/10 rule.
The government needs to get out of the education business completely
and allow private banks to re-enter the market
and compete against each other in order to offer loans at reasonable interest
rates to students who have the best ability to pay them back.
The reality is the majority of the students who qualify for loans today
from the government
would no longer qualify.
But this will force colleges to even bring down their expenses in order to
charge affordable tuitions
or close their doors for good.
Colleges in America spent $10,7 billion on construction
projects in 2009 down from an average $14,7 billion
spent per year from 2005-2007 but still
very excessive.
Colleges have recklessly spent to build new libraries, gyms, sports arenas,
housing units etcetera all for the purpose of impressing potential students
and their families.
None of these projects have added anything to the quality of college
education in the U.S.
Many colleges have very large levels of debt they undertook to build new
construction.
With most college endowment funds being crushed in recent years due to
collapsing real estate and stock market prices
many colleges have very poor balance sheets that won't be able to withstand
the slightest drop in enrolments.
Jocks!
Grown up jocks!
Excuse me, there coaches now... Well, hey coach.
Making millions of dollars.
What does this have to do with education?
What a waste.
What a waste.
Two bit universities building baseball teams,
football teams,
basketball teams, for what?
Entertain the kids
Yeah you can do this if you're a very rich society.
And you have the money to waste,
but not during a great recession.
not as the
median household income of the country continues to decline.
And not as you're sending
all these kids to get to degrees
in worthlessness because that’s what these University
degrees are a lot of them.
It's a waste of money,
it's of waste of energy
and it's an affront to anyone
who really wants to think seriously
about an education
because it has nothing to do with the NCAA.
We are sort of seeing the perfect storm.
We have seen all this construction over the past few years
and if you're a college president
putting a name on a building is quite nice
but you're not there you've probably moved on somewhere else
while your name's on the building
but now
the operation and maintenance cost now is falling due.
That was never part of the original bond issue
so now we have all these facilities coming online
students are being stressed financially, parents are being stressed
financially
which is going up like crazy, even those schools that are lucky to have endowments
typically they are not having the return they use to have in the old days
so there is just a tremendous
culmination of things coming together that could stress the system completely.
You know, we just sore that there where riots in UCLA when they sore a 32% increase
in tuition.
Do you think we will start seeing a lot more riots with students
angry at these tuition prices.
I would love to see a little more activism on the part of my
students. I think they've been taking this now for such a long time that
it's just part of the scenery there not really worried about it anymore.
I also think a person who is twenty years old
does not realize the implications of not being able to escape student debt.
when I was in my
high school years at that time
many people where going to college and borrowing the money to go as far as all through
medical school.
Right through medical school or law school they would simply just declare
bankruptcy.
But in it’s wisdom a few years ago as you probably know congress changed those rules and
that you can no longer discharge
loan debt through bankruptcy and now even if you happen to make it to social
security
and you still owe them money
there going to come after your social security check. If it exists
which, hell they will!
With NIA projecting all U.S interest rates to rise dramatically
over the next few years
to multi decade highs
many colleges will likely be forced to double or triple
their average tuition inflation rates to 10% or 15% percent
just to cover rising interest payments.
As the word spreads about this documentary
and Americans become educated to the truth
more and more students will wake up to the fact that
college education is the largest scam in American history.
We're about to reach a point where students
say and enough is enough
and refuse
to pay higher tuition prices.
There are currently a total of 4,168 public
and private 2 and 4 year colleges in the U.S.
In the near future as the U.S dollar begins to collapse and American families are
forced to spend more than 30% of their income on food,
we expect to see a sharp contraction in the number of colleges in America.
NIA conservatively believes 20% of American colleges will close
by the year 2020.
Of the colleges that remain open NIA projects an average decline in enrolments,
by the end of this decade,
of between 15%-30%.
In fact enrolments by American students in each college could decline by as
much as 50% with Chinese students using their soon to be strong Yen
to become educated in the U.S and price American students out of the
market.
NIA also projects for most colleges to reduce their faculty sizes by between
25% and 40% which will mean larger class sizes and a
further decline in the quality of education.
If we where doing
such a wonderful job
and producing such geniuses coming out of universities
do you think we would be
in the problems that we're in now?!
Do you think that we would be
among the most
unhealthy nation
of people in developed nations?!
Do you think we would be gobbling down
junk food?!
Do you think that we would be prescription drug addicts?!
As a society?
Do you think that we would be in the greatest recession
that’s heading towards the greatest depression?!
Do you think we would be in Iraq
and wasting trillions of dollars
fighting losing wars in Afghanistan and now in Pakistan?!
Do you think that we would have
presidents and senators
and congressmen and legislators
of such low mentality
that we have now?!
Do you think that we would have the rampant greed
of the white shoe boys on Wall Street?!
If universities where churning out anything of quality...
Considering the trillions that are spent
and the
tens of millions that are educated.
''By their deeds
you shall know them.''
Look what
American universities have produced.
The simple truth is any American high school student who has any
savings put away that they are planning to spend on college
would be much better off simply investing this money into physical
silver. A senior in high school with $30,000 in savings who buys
physical silver today
will likely have enough money to buy the median U.S home four years from now.
While all of their friends will be graduating college with no job or money
to buy a house. But will stuck with hundreds of thousands of dollars in debt
and a worthless piece of paper called a college degree.
How worthless is higher education?
Let me count the way... My worthless college degree.
There it is.
That’s what a college degree is worth.
Here is my worthless law degree
it really is worthless.
Here is my worthless license to practise law. Worthless...
Here’s my worthless computer science degree.
Also worthless.
That’s the value of education.
If somebody were to graduate from high school today
and wanted to know whether they should go to college I would say they should RUN not walk
away from college
because the industrial age doesn't have long to go.
There's no way
that I would encourage somebody to go four years or more to undergraduate school
rake up a bunch of debt
and learn a bunch of nonsense that won’t do them any good when there’s no fuel to fill in the
station, no food at the grocery store and no water coming out of the municipal taps.
Well, why would you go to college?
To get into a huge amount of debt,
to get nothing in return. Not even something that might facilitate your
survival, much less you're ability to thrive.
So at this point, at this late era in the industrial
economy
I wouldn't encourage anybody to go to college.
It hasn't been a
very good deal for quite a while
and it certainly is a
really bad deal now.
I confer upon you the degree for which you have worked
so hard. You have all the rights, privileges and responsibilities there too.
Congratulations.
As fast as college tuition costs are raising the value of a college degree is
declining even faster.
The youth in America today need to be taught to think for themselves
and realize that there is no value to having a college degree
if everyone else has one.
I was in the student union
where graduation was about take place
and they had a series of plaques
on wall.
And they listed all the students who had
graduated with 4.0 grade point average and
the first plaque had
all placards where basically full names.
The first plaque
had the first
50 or 60 years of the University represented.
Fill that plaque with twenty or something names on it.
It required 50 or 60 years
of higher education.
Of course in the most recent five years there were multiple plaques for every year.
We are churning out 4.0 students
at the rate of a couple hundred year
that used to mean something.
You know, if your the only person that took the first forty years
of the history of the institution that had a 4.0
that's meaningful.
Now everybody is a 4.0
our standards have fallen so profoundly
that anybody with a heartbeat
can get a 4.0 average.
Its just absurd.
The U.S bureau of labour statistics reported in April of last year that
as of October 2009
70.1% of 2009 high school graduates were
enrolled in colleges or universities. An all-time high since they began keeping
this statistic and up from 68.6% of 2008
high school graduates enrolling into college.
In other words
there is no longer anything special about a college degree in America if
70% of everybody else is also attending college to receive one.
NIA is working hard to ensure that it will soon become common knowledge in the
U.S that a college degree gives you no advantage over the rest of the
population.
When Americans finally learn the truth
the college bubble in America will burst.
Rancho Palos Verdes, California
College enrolment has been increasing really since the late eighties
but what is kind of an unknown secret is that since 1992
the majority of college graduates 60% of them where
in positions that the BLS considered low-skill and typically do not require
high school education.
For example about 20% of all the waiter or waitress positions
created since 1992 where filled by college graduates.
''All greatness of character is dependent on individuality. The man who has no other existence than that which he partakes in common with all around him, will never have any other than an existence of mediocrity.''
''All greatness of character is dependent on individuality. The man who has no other existence than that which he partakes in common with all around him, will never have any other than an existence of mediocrity.'' James Fenimore Cooper
Of the 29.9% of recent high school graduates not in college,
70% of them were able to successfully find jobs without a
college degree. These Americans are already building important work force
experience
which NIA considers to be far more valuable than any piece of paper.
By comparison
only 42.1% of recent high school graduates in
college have a job and most of these are part-time jobs where the students are
building very little workforce experience. The 57.9%
of students in college without jobs not only are they wasting their
savings and getting deeply into debt for a worthless piece of paper but they're
losing out on valuable income they could have been earning during those four
years.
One of the greatest myths in America today that is used to scam Americans into
overpaying to attend college
is that college graduates make more money in their lives than Americans without
college degrees and therefore college degrees make a great investment.
According to studies from biased organizations like the college board
Americans with college degrees will earn one million dollars in additional
income over their lifetime compared to high school graduates with no college
degrees.
Do you know that college graduates earn a million dollars more on average than those who don’t have a degree.
Graduates from 4 year colleges
earn nearly an estimated one million dollars more.
Most colleges and universities in America use this one million dollars in
additional income statistic
to hype and sell their product.
It has been repeated so many times that it has just about been accepted by all with
nobody questioning it’s validity.
However for any student thinking of attending college they need to consider
the facts surrounding this number and compare it to the true cost of attending
college.
With the cost of annual college tuition now at
$27,293 if we assume continued 5.15%
college tuition inflation
over the next four years, the average cost for a student entering college now to
receive their bachelors degree in 4 years will be $117,900
Therefore even with the current college inflation crisis an expenditure of
$117,900 on the surface
seems like a good investment if the return will be one million dollars.
The secret truth is most college students do not receive their degree in
four years. The Americans who are earning one million dollars more in their
lifetimes are actually spending an average of
six years in college before receiving their degrees. Therefore assuming
a continued 5.15% college tuition inflation for years 5
and 6
the total cost for the average students degree in order to earn their one
million dollars in extra income will be $186,349.
For those who borrow that full amount and pay it back over ten years
at a 6% interest rate the additional interest expense would be
$61,914 bringing the total cost of the
degree up to $248,263
Then you need to consider the matter of lost income. The average high school
graduate who finds an entry-level job without a college degree
earns $35,400 per year over the first six years.
For the majority of college students who don't have jobs they're losing
$212,400 in income
over there 6 years in college.
Combining the expected cost to attend college for 6 years
with potential interest expenses and lost income and now we're at a total cost
of $460,663 all for the
hope of earning an extra one million dollars over a lifetime.
Another important fact is
all of the reports that show one million dollars in extra income for college
graduates over high school graduates include students who received GED's (General Equivalency Diploma)
as being high school graduates.
Most GED recipients weren’t motivated enough to graduate high school and therefore
shouldn't be included in these statistics as real high school graduates. NIA
believes GED recipients are unfairly skewing down high school graduates
average incomes.
Also the simple truth is, some Americans are just more motivated than others to
make money and have successful careers.
Somebody who wants to earn a high-income
usually goes to college because they have been suckered into believing it
offers them the greatest ability to do so.
Whereas most Americans who don't attend college don't have as strong a desire to
have a successful career.
95% of college graduates interviewed by NIA with annual
incomes above $200,000 tell us that their college
degrees had absolutely nothing to do with their business success. In fact of
these same people surveyed 90% of them said that they probably
would have become successful at a much earlier age and making even more money
today,
if they didn't waste so many years of their life attending college.
The phoney one million dollars in additional income study that was
conceived by the education industry in order to deceive Americans into
overpaying to attend college
is just one of many
false misleading studies that they have created in an effort to create an
illusion
the college is a good investment
no matter how high tuition prices rise.
The mainstream media has been working with the education industry and helping
them perpetrate their schemes on the American public.
One of these schemes was the 2008 a pharmacist shortage hoax.
Three years ago there were 50 new pharmacist schools getting ready to open
in the U.S. In order to create artificial demand for enrolments to all of
these new schools the industry decided to create an illusion
that there was a huge shortage of pharmacists in the country that will
continue for the rest of the decade with 150,000 new
pharmacist jobs needed by 2020.
One place where the U.S economy has too many jobs and not enough
applicants is in pharmacy.
Because there's a shortage of pharmacists many are overworked putting in
long hours.
With pharmacies open 24 hours a day and a huge population of aging baby
boomers consuming larger amounts of prescription drugs that adds up to an
industry that cannot find enough pharmacists to go around. From the students
standpoint
and our students know that
when they graduate they have a job.
I mean in fact they have a job even before they have graduated.
Its not that they can practice as a pharmacist but they know that they
have been offered a job already.
So that's
one of the positive sides
on the negative side
is the pressure expert upon the schools to really come up with a number of
pharmacists that are
needed in the future. By some estimates the U.S would need more than 150,000
new pharmacist by 2020
to match supply with industry demand. Experts say the pharmacist shortage will
continue for at least a decade or more in the meantime at least 15 new
pharmacy schools are expected to open their doors by 2010 even as
existing schools expand in size.
NIA has been hearing dozens of reports from it’s members with family members
who have graduated pharmacy schools 6 months to a year ago and have sent in their
resumes to hundreds of different pharmacies in the New York Metropolitan area
and have yet to even receive one job offer.
Even experienced pharmacists are having major difficulties finding pharmacist
jobs.
The husband of one again NIA member retired 5 years ago as a pharmacist
in New Jersey but has now decided to re-enter the work force so that their
family can accumulate enough gold and silver to survive hyperinflation.
Unfortunately he was forced to leave his family and move to a rural part of
Alabama
in order to receive a pharmacist job paying only $18 per hour
Law schools have also been deceiving the public with false and misleading
statistics.
During the past decade an unprecedented number of Americans went to school to
become lawyers 760 00:43:45,719 --> 00:43:47,720 because they thought if they became a lawyer
they would immediately become rich.
Some law schools are advertising that 90% of graduates are employed
within one year of graduating.
The unfortunate reality is law schools are deceiving their students with these
statistics
because most of their graduates who are employed within a year of graduating
are not employed at law firms.
They can be employed at Wal-mart or McDonald's but the law schools will
still consider them to be
part of their 90% employed within a year.
Law schools right now will tout a job placement rate after graduation meaning what
percentage of their graduates are employed.
X amount of months after graduating with a degree, what your seeing
sometimes is manipulation, outright fraud in how they
calculate this. One major law school has recently
admitted to
hiring a bunch of unemployed
legal graduates to work in their missions group at the same time when their placement
survey was being conducted.
So yes where they employed at the time? Yes. Bu it wasn’t in the legal profession.
Law schools are handing out 43,000 law degrees each year
yet 15,000 attorney and legal staff jobs have disappeared since
2008.
Many people wonder why 60% of the U.S senate and 37%
of the U.S house of representatives are lawyers. Well the reason is
they go to Washington in order to pass as many new harmful and destructive laws
and regulations as possible
in order to provide enough work for all of their lawyer friends.
So I decided to go to law school I went to Chapman University School of law I graduated in
2005
and passed the bar in 2005 July of that year
and overall I did not have a good experience in law school in fact the
first week going into law school it was not at all what I expected. I thought that the
law was to promote freedom, liberty and justice
and in fact
what I realized shortly after entering law school is what the law has
become
is an excuse for bureaucrats to regulate just about every aspect of our
behaviour.
All of the needless legislation that is past each year in order to provide work
for lawyers
has the devastating unintended consequence
of destroying what little is left of the free market.
Small businesses are the backbone of the U.S economy
but it is now nearly impossible for a small businessman with limited financial
resources
to build a large successful corporation in any sector
because their legal costs would
eat up all of their capital
needed for research and development.
Lawyers do very little to add real value to society
in fact
most legal and financial related service jobs on Wall Street
are made possible solely due to inflation.
It is because of the Federal Reserve’s 0% interest rates and trillions of
dollars in bailouts that all of these jobs exist
but these jobs only exist because money is being stolen from middle-class goods
producing workers
and being redistributed to non producing workers on Wall Street.
A lot of people that I graduated with have found law similar to how I found it
and that is
it wasn’t really about helping people or benefiting the community it was really just about
assisting a system whereby bureaucratic lawyers make money trying to interpret
complex statutes that really serve no purpose.
There is a law for just about everything, you want to marry somebody who you love?
You have to get a license to do that. You want to develop real property
that you purchased you have to go to the city and get permits and licenses to do
that.
You need permits and licenses to do just about everything that should be
legal because you're not
hurting anybody else. To start your own business you need a business license you need
your tax payer ID number you need all kinds of things just to get up and running and so
all these restrictions and laws and statues a lot of them which are not even
passed by congress there simply passed by administrative bureaucracies
they hamper the economy, they hamper economic growth and they actually act
in a tyrannical sense against people starting up their own businesses and providing
for themselves.
75 years ago
agriculture made up 28% of the U.S GDP.
Today
the service sector makes up 76.9% of GDP
and agriculture makes up only 1.2%
The only way for our country to produce real wealth is by farmers growing food,
miners mining for gold, silver and other precious metals, drillers drilling for
oil, natural gas and other commodities and manufacturers manufacturing real
goods that can be exported to the rest of the world.
Goldman Sachs has never created one dime of wealth for our country
yet most politicians in Washington have been brainwashed into believing Wall
Street jobs are necessary for the U.S to have a strong viable economy.
Likewise nearly all Americans who have gone to school during the past decade
have gone to schools for degrees in legal, financial or
other service sector jobs.
Almost no Americans have gone to college to become farmers, gold miners or oil
drillers.
Barnesville, Ohio
You can go to college
and learn from somebody
that doesn’t have a farm
and they'll give you an agro business degree
most of the people who they teach in college
don't have a farm and don’t know how to manage it.
and don’t want to farm.
I say if you want to learn how to do something
try to study under the person that can do it the best that he can do.
There are jobs everywhere, you have to create a job you know?
You don’t get a job you make one.
Americans have taken food for granted
for far too long because Americans have been able to buy food at artificially
low prices with the average American family spending only 10% of
their income on food.
However on October thirtieth 2009
NIA published an article predicting inflation would appear next in food and
agriculture.
NIA said
a worldwide shortage of farmers combined with food inventories falling to
record lows
is setting up the perfect storm for an explosion in agriculture prices.
From the time NIA wrote this article until now
we've experienced the largest ever short-term increase in agricultural
commodity prices.
Corn has risen by seventy 75%,
wheat by 65%,
soy beans have risen 51%, sugar 45% orange
juice has risen by 58%, coffee has risen 71%
and cotton has risen 124%.
Because very few Americans went to school to become a farmer and everybody
needs to eat agricultural commodity prices will continue to skyrocket and
farmers are going to get wealthy in the years ahead
while lawyers and bankers will see a dramatic decline in their standard of living. The
free market will adjust and see to it that lawyers, bankers and other non
producing financial service workers see a 90% decline in their
really incomes.
Everybody cant be a college graduate somebody’s got to grow food.
You know, everybody can’t ride the wagon somebody has to pull it.
Somebody is going to be having to be taking some risk. Somebody is going to have to be thinking.
Somebody is going to have to sweat.
Last summer
this lady that bought some cattle from us
she came here to get some cattle in August and my grandson
was downstairs splitting firewood we burn firewood in this building
because it saves us uses $600 a month on propane.
So
my grandson was cutting firewood and he was integration was pulling the axe down and splitting logs kept our word usually in the next and here's belongs
it was August it was about 95 degrees
she came here and she says
there’s a kid down there cutting firewood.
She said the sweat was dripping off his nose
She said: What did he do wrong?
He didn't do anything wrong it’s his job it’s cutting firewood.
Its my grandson his fourteen he can cut six cords of firewood a day.
Its what he does.
The only thing that has been supporting the U.S service sector economy for so
long is the U.S dollars status as the world's reserve currency
and the world's willingness to hoard trillions of dollars in U.S dollar
reserves in order to trade oil and other valuable commodities.
The U.S dollar became the world's reserve currency because it was backed
by gold
and the U.S had the world's leading manufacturing base.
Today the U.S dollar is a fiat currency that is backed by nothing
and our manufacturing base has been rapidly deteriorating
with most of the products the world buys now made in China and other Asian
countries.
The Federal Reserve just announced that it will print another $600 billion
which will dilute the purchasing power of the U.S treasuries held by our
creditor nations
and cause them to
soon abandon the U.S dollar as the world's reserve currency.
The entire U.S economy is a Ponzi scheme
that is dependent on the rest of the world continuing to buy larger amounts
of U.S treasuries.
Pretty not only will the world stop buying our treasury
but they will dump the treasury's they already own.
All of our deficit spending will have to be paid for by outright money printing.
Although the government and media would like you to believe the U.S economy is
going through a recovery
the truth is
the U.S economy is on life support.
It is impossible to have an artificial boom created by artificially low
interest rates from the federal reserve
without a major depression afterwards the U.S real estate bubble was the
largest artificial boom in history.
The panic of 2008 was the free market trying to correct the
imbalances with a bust
but the federal reserve prevented a necessary depression from happening by
taking trillions of dollars of worthless assets onto it’s balance sheet.
None of the imbalances had been fixed and the real depression
is still to come.
But unlike the depression of the 1930's kicks which saw falling
prices, the upcoming depression will be a hyperinflationary great depression.
With prices for food,
energy and everything else Americans need to live and survive
souring through the roof.
All young Americans today should be entering the workforce as soon as
possible in order to generate enough income
so they can accumulate physical gold and silver. 957 00:55:04,389 --> 00:55:06,449 When the U.S dollar collapses
only those with gold and silver will be able to buy food and
other goods needed to live and survive.
Those with the most gold and silver
will have the best chance of surviving the upcoming collapse of the U.S
dollar.
Our country needs
to wake up to the reality that the world is changing
and Americans will need to undertake new methods of survival.
The American mindset has become so obsessed with the belief that college is
the key to success
that by the time most people wake up to the truth
it'll be too late.
One NIA member recently took his son to the doctor
and the doctor asked his son if he was going to attend college
after his son said he doesn't know what he wants to do
the doctor went on for ten minutes praising the virtues of a college
education.
Our member then explained to the doctor the realities of our new world and
how college is a scam and no longer worth attending.
The Dr didn't know what to say except well
overtime college graduates make more.
NIA believes that the future of education is over the internet.
Americans today can purchase just about any type of product they want over the
internet for substantially less than they can find it in a retail store
because online retailers have substantially less overhead costs
Wal-mart's biggest competitive threat today he's not Target
but is actually Amazon.com
which now has a $79 billion market cap
and is fast catching up to Wal-mart's $204 billion dollar market cap.
The largest and most profitable college of the future
will be an online college
that attracts all of the most successful professors from around the world and
allows them to teach an unlimited number of students over the internet.
Students will have the opportunity to be taught by the very best in any field of their
choice. From the comfort of their own home.
They will receive a much higher quality education
for only a small fraction of the cost
of attending a traditional college.
By the end of this decade
NIA expects online colleges to gain at least a 25% market
share of the total
higher education industry.
Well you actually also teach online courses as well do you think that’s
the future online learning?
I think the future actually is online learning, if the grid can stay up which, I
hope it does I think most people have an interest in seeing that happen so I
think a lot of things could fall apart before the grid and the internet does.
So I think that's the way. I always ask my students does it really make a whole lot
of sense
for all for 20 of us to drive here
every Tuesday and Thursday to get together to talk about digital media
stuff
when we really could do this with a little bit of reengineering and actually
have instead of all of us coming together if I came to you
wherever you where.
I think that's a model of the future, if you figure out each student spends
two gallons a day to come to class times twenty students times
fifteen weeks add up how much gas that is and how much that costs.
Who would want to have that money back especial over a couple of semesters, especially
now because we have a much richer media environment to use for teaching and learning.
I can now embed videos in my classes. I can now bring in things like the national
inflation association videos to my classes. I can bring dynamic compelling
things to my class that even if I was a really a compelling speaker its
far better now. So even a mediocre professor like can make my class rich
and interesting even in the online environment. You tell me the difference
about sitting in a auditorium in NYU with
a thousand other people
in front of your screen
and listening to a professor, what's the difference?!
Look what's going on in India.
They estimate
some 500,000 Indians
have gotten University degrees in engineering
through online
interactive view
is what I call them. Back then.
Well how many do we turn out in the U.S.A in the same period?
About 150,000.
It's the future. The future is now.
But they're holding us back on real internet learning
real digital online learning
because of the people that want to control the system.
The ones that want to have the tenure.
The whole college industrial complex
That’s all it is!
Its a racket!
Just like war is a racket,
colleges have become a racket.
While millions of Americans are at home right now wondering why food and gas prices
are going through the roof,
there is a small group of U.S citizens that
are preparing for the collapse of the U.S dollar. These select few Americans will not
only survive the upcoming hyperinflation crisis, they will be positioned to
prosper and become wealthy as the rest of America is going to go broke.
On December 11th 2009
NIA declared silver the best investment for the next decade at only
$17.40 per ounce.
Just recently we sore silver at nearly $50 per ounce
for a gain of a 185% for our members.
In fact in February of 2010 NIA suggested silver call options that ended up making
a gain of over a 1000% at it’s high.
It amazes me how many people have been contacting us recently.
I mean every week we receive countless emails from people that say they've learned more
about economics from being a member of NIA for just one month compared to studying
economics in college for over four years.
NIA members receive weekly articles, videos and updates with priceless economic
information that the major media is afraid to talk about. All across America
students are being brainwashed at the moment with Keynesian economic principles that
that got us in the debt crisis we are in today.
You're not going to solve our economic problems by making the same mistakes in
the future.
After the financial crisis of 2008 the U.S should have went through a
much needed recession where we sore the free market rebalance the economy from the
ground floor.
That way we would have built on a solid foundation
so our real covering with real economic growth for the future.
A record 44.2 million
Americans or 14% of our population are on food stamps right now to put food on the table.
I mean with the government about to go bust these entitlement programs are a thing
of the past.
Two-thirds of Americans are getting ready to retire and actually believe
that social security is going to be able to support 50% of their income.
I mean let's face it, retirement in America
is also going to be ancient history.
Even Americans that have millions of dollars in the bank will soon go broke.
The new wealthiest class of Americans are going to be the ones that become educated
and start learning about the truth about our U.S economy.
for the confusion Start thinking for yourself.
Sign up and become a member of the NIA absolutely free at Inflation. US
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