Posted on 05/07/2011 5:50:44 PM PDT by 2ndDivisionVet
The National Inflation Association (NIA) - http://inflation.us - is pleased to officially announce that it will soon be releasing its hour long documentary 'College Conspiracy', which will expose the U.S. college education system as the largest scam in U.S. history. NIA has been producing 'College Conspiracy' for the past six months and plans to release the movie on May 15th. NIA members will be given the first opportunity to watch this must see documentary, which we hope will change the college education industry for the better.
NIA expects 'College Conspiracy' to take college education by storm and expose the facts and truth about tuition inflation to prospective college students. Almost everybody applying to college has heard the oft-repeated statistic that Americans with college degrees earn $1 million more in lifetime income than high school graduates without a degree. This is one of those statistics that gets repeated so many times that just about everybody accepts it as fact, but nobody actually does the research to confirm whether or not it is true. 'College Conspiracy' will prove once and for all if indeed this so-called statistic is true or just a myth.
If 70.1% of high school graduates enroll in a college or university, how does a college degree give you an advantage over the rest of the population? Back in the early 1960s, Americans didn't need to go to college. We were a creditor nation with a strong manufacturing base. With an unemployment rate of only 5%, jobs were available to almost everybody. Less than 50% of American high school graduates enrolled into college. For those who did attend college and graduate with a degree, it was actually something special that made you stand out from the rest of the field, because not everybody had one.
American college tuition inflation has been out of control for the past decade. During the financial crisis of late-2008/early-2009, almost all goods and services in America at least temporarily declined in price. The only service in America that continued to rise in price throughout the financial crisis, besides health care, was college education. Despite real unemployment in America reaching 22%, students were brainwashed into believing that if they were lucky enough to be blessed with the privilege to get half a million dollars into debt to obtain a college degree, they will be on a path to riches and have a guaranteed successful career; whereas those who don't attend college are destined to be failures in life.
The current college education bubble is one of the largest bubbles in U.S. history. The college bubble has been fueled by the U.S. government's willingness to give out cheap and easy student loans to anybody who applied for them, regardless of if they will ever have the ability to pay the loans back. Student loan debt in America is now larger than credit card debt, but unlike credit card debt, student loan debt can't be discharged in bankruptcy.
During the 1970s, college students were able to afford their own college tuition without getting into any debt, simply by working a part-time job year round or by working a full-time job during the summer. Not only that, but most college students were also able to afford their own car and a small apartment. However, since 1970, Americans have experienced a 50% decline in their standard of living due to the Federal Reserve's dangerous and destructive monetary policies. You never heard of parents setting up college savings accounts for their children 40 years ago, but thanks to the Federal Reserve, this has become the norm.
The biggest competitive threat to Wal-Mart today in terms of market cap ($192 billion) is not Target ($35 billion) like you might think, but is actually Amazon.com ($89 billion). Wal-Mart is able to offer the lowest prices out of all brick and mortar retailers, because of the size and scope of the company, which allows them to be profitable even at extremely low gross margins. However, while Wal-Mart's stock price is only up 16% from where it was exactly 5 years ago, Amazon.com's stock price is up 470% during this same time period.
Amazon.com's stock price has risen by a 29 times higher percentage than Wal-Mart due to the fact that they sell their products over the Internet with substantially less overhead costs. NIA believes that the future of college education is over the Internet and that Americans in the future will be able to receive a better quality education from the best professors from all around the world at only a fraction of the cost of a traditional brick and mortar college education.
For the vast majority of college courses, there is absolutely nothing that students can learn in a huge multi-million dollar lecture hall with hundreds of other students that they can't learn at home listening to that same professor on a computer. The only reason online colleges haven't taken off yet in America and still have less than a 1% market share of U.S. higher education is because America has a college-industrial complex that cares only about profits and not educating students. The people who control the system simply don't want the system to change, because they are making way too much money by turning American students into indentured servants.
Back in the 1980s when Americans graduated high school, they would get hundreds of thousands of dollars into debt to buy a house. Today, millions of Americans have mortgage-sized debts, but still live with their parents. All they have is a piece of paper called a college degree, that is rapidly declining in value even faster than tuitions are skyrocketing in price.
'College Conspiracy' was made possible by the personal stories that were submitted to us by thousands of NIA members. NIA's staff spent the past six months traveling across the country, interviewing our country's top expert guests in nine different states. Please tell all of your family members and friends to become members of NIA for free immediately at http://inflation.us so that they along with you can be among the first to see 'College Conspiracy'.
About us:
The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation. NIA offers free membership at http://www.inflation.us and provides its members with articles about the U.S. economy and inflation, daily news stories and blog updates, and important charts not shown by the mainstream media. NIA is the producer of economic documentaries that have received a combined 10 million views including the critically acclaimed 'Meltup', 'The Dollar Bubble', 'End of Liberty', and 'Hyperinflation Nation'. NIA provides unbiased reviews of the major online sellers of gold and silver bullion and also offers profiles of gold, silver, agriculture, oil, and alternative energy companies that could prosper in an inflationary environment. NIA is the creator of 'NIAnswers', the world's most comprehensive database of questions and answers about inflation, currencies, debt, and precious metals.
“There is no benefit to college. Any kid going to a Vo Tech School, leaves there with a skill that will make them more money than any college grad. In fact most college grads will end up working for a self employed Vo Tech grad.”
Pointless hyperbole. ANY kid in Vo Tech will make more than ANY college grad?
Like with any life decision, you have choices. If you choose debt, lack of rigor, dependency, and whining then you will not be successful. If you choose otherwise, you’ll do ok, if you mix in a little preparation, planning, and a bit of luck - you’ll be wildly successful.
A college degree does not guarantee success, neither does a plumbing certificate from a Vo Tech outfit. To state otherwise is just plain foolish.
I work with a kid who put himself through Penn State. We hired him because he was sharp, a good problem solver, and has very good all around computing skills. His degree had nothing to do with it, and I’ve actually asked him to let me know when something he learned at Penn helps him in his current job since he is now paying back a $90,000.00 student loan.
Yes, for those who go to work for daddy and then inherit the successful family business.
The college degree is only good for one thing. It is a sign to an employer that you have attempted to apply yourself for 4 years. Otherwise you are on the same level as the rest of the 70% that went to college. It also practically guarantees that you will be an employee. You will never make as much as the guy that hires you or who owns the business. That guy probably went to Vo Tech. Colleges do not teach students how to succeed in business, or how to start their own business, they teach them dependency on finding a job.
Many if not most, students use loans to finance their quest for a diploma. Paying off those loans—and the interest thereon—is a major financial hurdle for graduates and even worse for those who ultimatley drop out and fail to get the coveted passport to future success—the college diploma.
They often become trapped in lower paying jobs while having to pay off their loans.
And of course the colleges help by encouraging students NOT to graduate in four years but to take as many years as they need, piling up minimum annual tuition costs financed of course by additonal loans.
I am a damn glad that you don't teacher English! ;)
Yes, that totally explains it! :)
If you had any sort of analytical capability whatsoever, you would not make such nonsensical broad-brush statements.
All college degrees are not the same, all college graduates are not the same, all non-college graduates are not the same, all VoTech attendees are not the same.
As stated before, individuals make choices - poor choices can result in a failure to thrive and prosper.
An education can make a difference, depending on the individual, the rigor applied, along with a little luck, and lots of hard work.
Envy, such as that displayed by your posts is never pretty though.
Where’s the conspiracy when it’s all happening in plain view, at least to anyone who’s worked next to people who are “college educated”, or tried getting a job after jumping through all those hoops to get a degree? I hate it when people start using words like “conspiracy” because it takes the discussion away from cold, hard facts and into clumsy speculation, which makes people making a very valid point look dumb.
I think a lot of computer scientists could not only apply their skills to organizing information, but to manufacturing as well. Difference is they’re called “industrial engineers”.
They're a far better school than most realize: the highest GPA of any student in the last 25 years is a 3.94 or so.
Seen on the website CollegeConfidential.com:
Congratulations! Your D will LOVE Hillsdale, and as a parent, I suspect you will as well.
Word of caution: my 09 grad son came home from a weekend visit with the NEW Hillsdale T-shirt which reads:
HILLSDALE COLLEGE: Where your best hasn't been good enough since 1844.
then there's a huge C+ in red ink under it.
Cheers!
Do they investigate all these Billion dollar Endowments these Colleges have and Pay NO INCOME TAX ON them?
Dont flatter yourself, sonny. Your gloating is obvious in your name.
Not that its any of your business, but, I have a bachelors of science degree, and an MBA. I worked the job for a while but like I said, you never make more than the guy that hires you. I am one of the lucky ones who broke out of the mold and became self employed. I hire people based upon their ability to perform. Some of them are college educated. I even have a college edumacated engineer on staff. But, like the others, he will never make more than my manager that hired him. I dont have to envy, sonny, I own the business.
I tell people that all the time.
I tell people that all the time.
“Your gloating is obvious in your name.”
Who’s gloating? I was pointing out the obvious flaws in your so-called argument - that was plainly wrong that EVERY college graduate is exceeded in however you measure success in life by VoTech graduates. I shouldn’t have to point that out.
There is no luck to breaking out of the mold of which you speak. You either have the aptitude, attitude, and work ethic or you do not. I’ve done both employee and employer.
Your obsession with “who makes more” manager or employee is also a possible flaw in your business model. Your focus should be who brings in more revenue and profit to the business - which may be a manager, may be an employee that reports to a manager....it may even be a person with a degree!
I don’t disagree that capability rather than credentials makes a keeper employee - but your hostility towards college degrees is curious - but if you are able to run a successful business with such a bias then by all means....
So in other words, you’re saying that no one will be complaining about a college bubble but instead about how it’s rediculous to buy bread with several $100 bills. I think you glossed over a bit there regardless. As for it being a time for “new leadership”, be careful what you wish for. The “new leadership” may well offer easier and more dishonest answers than the current crop in both parties does. As for repudiating debt, I think it’s a question of whether bond holders have somewhere else to go. Depending on the week, it seems like there are a lot of confident sounding but rather thin arguments that the Fed and Co. can do what they please for the forseeable future and creditors aren’t going to give up on the dollar.
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