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NIA Releases The "College Conspiracy" Video, Or Why The College Bubble Is Next To Pop

Tyler Durden's picture




 

NIA's long anticipated "College Conpsiracy", or "why the college bubble is next to burst" video by the NIA is finally out.

From the Press Release:

We just released 'College Conspiracy' a day early so that NIA members can see the movie before we issue our press release tomorrow morning to not just the nationwide education news wire, but to thousands of college administrators and education journalists through two special education microlists.
 
Please watch 'College Conspiracy' immediately and spread the word to every single one of your friends, family members, and co-workers: http://inflation.us/videos.html
 
It is up to every single one of you to help make this movie a success by spreading the word to as many people as possible. Considering how our latest video 'The Day the Dollar Died' has now reached close to 2 million views in 6 months, we are very optimistic that we can get 'College Conspiracy' to be seen by an even larger audience.
 
We need to get millions of people to watch 'College Conspiracy' if we are going to expose what we believe is the largest scam in U.S. history! NIA is the most pro-education organization in the world, but the college bubble we have today is destroying the lives of millions of Americans who deserve to be receiving a much higher quality of education for only a fraction of the cost.
 
As you watch this documentary, we hope that you notice and appreciate the quality of work that we put into it. We hired one of the best Hollywood animators and a famous Hollywood narrator to help make this movie our most impressive and professional documentary of all time. It took us three months just to write the script, which used many of the ideas that were submitted to us by NIA members.
 
We would like to give our most sincere thank you to the thousands of NIA members who emailed us suggestions of topics to cover and expert guests to interview!

'College Conspiracy' is going to open up the minds of millions of students who have been brainwashed their entire lives by the propaganda in the mainstream media. We are a nation of sheep, where nobody thinks for themselves and everybody follows the same system. The system we have today turns everybody into debt slaves, while the Federal Reserve allows bankers on Wall Street to steal the wealth of middle-class Americans through inflation.

Now is the time for all young Americans to think outside of the box and become self-educated. Don't rely on others to provide jobs for you. Go out there and make a job yourself!

Watch 'College Conspiracy' right away at: http://inflation.us/videos.html
 
NIA's entire staff worked day and night for the past six months producing this movie. Now is your turn to help make a difference by spreading the word!

 

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Sun, 05/15/2011 - 14:06 | 1276546 I think I need ...
I think I need to buy a gun's picture

i guess no one is going to ever wake up......when is gold revaluation? July 1 seems like a big date

Sun, 05/15/2011 - 15:46 | 1276850 asdasmos
asdasmos's picture

"The message is on target, but the NIA is just some 2-bit stock hustling boiler room. Lebed is a convicted stock con-artist. This is just a thinly veiled infomercial to get you to subscribe to their "gold/silver newsletter" so they can sell you their investing products, and sell your email address. Don't be fooled. These 2-bit hustlers are just after your money, just like anyone else.? Clearly, they are long metals, and are talking? their book. Please thumbs up this before it scrolls off."

 

 - I wonder if this Youtube comment has any truth to it.

Sun, 05/15/2011 - 17:57 | 1277214 FastBoat
FastBoat's picture

As opposed to a tax cheat, erm Treasury Secretary, talking his book on the dollar?

Sun, 05/15/2011 - 20:21 | 1277558 Missiondweller
Missiondweller's picture

I agree, even though I positively view NIA.

There were some good things about college in the video. Many colleges are degree mills that spent huge $$$ on capital improvement during the period Gen Y was pushing universities to capacity. That, I believe has passed and many of these universities are going to find themse;ves in trouble.

Certainly the point made about text books is true. they've always been ridiculously expensive but profs seem to have a deal w/ bookstores to change them each year so that students cannot use books even a year old.

I can't quite get to the point where I believe a college degree isn't worth it though. Students should usually go to a state school and "pay as you go" as much as possible. I worked my way through most of my school and had only $1k debt when I graduated. Of course, tuition has gone up quite a bit since then.

Sun, 05/15/2011 - 19:31 | 1277448 flacon
flacon's picture

What happens on July 1st?

Sun, 05/15/2011 - 20:52 | 1277643 Mec-sick-o
Mec-sick-o's picture

QE2 ends.

I assume he's expecting QE3 to begin.

Sun, 05/15/2011 - 14:09 | 1276547 Oh regional Indian
Oh regional Indian's picture

Nice. College, education, University Branding.... these are the new must haves. As someone with many years of education, I have to say it was fun, but I did not learn much.

And the loan followed me back here to india. how much I paid Citi!!! Aaarrrgh!

ORI

http://aadivaahan.wordpress.com/2011/05/15/the-times-they-are-a-changing...

Sun, 05/15/2011 - 14:11 | 1276552 longorshort
longorshort's picture

Hi Tyler, Can you please add a blacklist feature for like 500 users plus in our account areas?  It would make it much easier to read comments following articles that add meaningful perspective, information, or trading ideas behind the articles.  Also a feature to categorize the post as a question, rant, or added perspective might help remove some of this crap posting that goes for miles.  Also if some these are paid for advertisements could you put sponsored or something at the top so we know that.  This would save you some money on bandwidth costs too id imagine.  Thanks.

 

Are there any good shorts left in the student loan arena?  I know sallie mae went down allot when goverment restructured its loan program a while back.

Sun, 05/15/2011 - 15:45 | 1276845 chumbawamba
chumbawamba's picture

Hey Fucker.

Would you like a sandwich with that?  And perhaps a unicorn?

I am Chumbawamba.

Sun, 05/15/2011 - 17:36 | 1277153 Max Hunter
Max Hunter's picture

He wants to turn this into a junior high style forum where everyone is threatening to blacklist or "ignore" each other.  What a fucking pansy.. He's the kid that ending the great neighborhood football game by taking his ball and going home because his team was losing..

That would actually be the WORSE thing Tyler could do to this site and would go AGAINST everything this site offers that elevates it above ALL others..

In other words dickface... It's a shitty idea to silence anyone in any way.

Every time someone suggests that I think of some worthless piece of shit that can't handle having his feelings hurt especially when he's got it coming like a mother fucker.

Sun, 05/15/2011 - 21:41 | 1277746 longorshort
longorshort's picture

Moron I dont want want to read 200 posts of crap.  If you cant take the time to write something worth saying, I would like to see the option to ignore it.  You must have more time being on your 99 weeks of unemployement and food stamps.

Sun, 05/15/2011 - 22:08 | 1277820 bigkahuna
bigkahuna's picture

You would have just been "blacklisted".

Sun, 05/15/2011 - 23:51 | 1278084 Fish Gone Bad
Fish Gone Bad's picture

I am thinking longshort needs to watch Fight Club again.  Zero Hedge is about the fight.  If you can't stand getting a whoopin' then maybe its time to learn to fight better/read faster/not read everyones comments.  If you want to help ZH, then consider donating some money. 

Sun, 05/15/2011 - 23:11 | 1277996 BandGap
BandGap's picture

Yep, it's motherfucker, not mother fucker.  Jeez, lame-ass good for nothins.

Sun, 05/15/2011 - 18:35 | 1277319 Ben Dover
Ben Dover's picture

Oooooooooooo!! I can get a unicorn?????

Sun, 05/15/2011 - 21:50 | 1277770 longorshort
longorshort's picture

Thanks that was insightful from a guy in a van down by the river.  My life is so much clearer now.   We are all dumber for this post.

Sun, 05/15/2011 - 23:51 | 1278092 Fish Gone Bad
Fish Gone Bad's picture

Ok, now that was funny.  Not making any friends, but still pretty Megans-list funny.

Sun, 05/15/2011 - 18:05 | 1277232 dark pools of soros
dark pools of soros's picture

blacklists do not work.. the trolls will just make multiple accounts.  And the user you disagree with once or twice will never be able to enlighten you when your ideas may cross paths at a later time.

Make commenting for paid members only. Say a few oz of silver per year?

 

Sun, 05/15/2011 - 20:00 | 1277519 trav7777
trav7777's picture

what, so this place can end up like Douchinger's forum?

Ignore lists are for people who come to discussions to reinforce confirmation biases

Sun, 05/15/2011 - 22:27 | 1277756 longorshort
longorshort's picture

Thats fine, but my idea would work too because zero hedge does manually approve the accounts currently.  It would be pretty easy to spot 90 % of trolls since most ISP dont rotate ips all that often anymore even though they say its not static.  You could still easily half to 3/4 the crap posts.

Mon, 05/16/2011 - 00:00 | 1278103 Fish Gone Bad
Fish Gone Bad's picture

Now where is the fun in that?  I have been reading ZH since it was on blogspot.  People come and go all the time.  There are some pretty interesting personality disorders here.  Think of ZH as inexpensive therapy.

Sun, 05/15/2011 - 22:10 | 1277827 kairological
kairological's picture

a PERSONAL hide/ignore list sure would be useful though.  Would save a lot of time scrolling past ju-co flunkouts posting "silver bitches!!!" or other no-f'ing shit Sherlock epithets for 8 out of 9 posts.

Sun, 05/15/2011 - 19:58 | 1277521 trav7777
trav7777's picture

hey doucheface, before you post this comment to yet ANOTHER thread, I'm sure there's a forum out there with idiots just like you who won't ever say anything you don't like.

Sun, 05/15/2011 - 21:51 | 1277761 longorshort
longorshort's picture

I think your just mad because you would be on most everyones list, because no one likes a smartass.

Sun, 05/15/2011 - 20:57 | 1277655 Mec-sick-o
Mec-sick-o's picture

Use page search in your browser:

Press F3 or CTRL-F.

Type your favourite user nickname.

Scroll/jump by pressing the arrows.

You have the control, if you want to.

Sun, 05/15/2011 - 22:29 | 1277872 longorshort
longorshort's picture

Be nice to have a screen scraping program work against a blacklist, cause you enver know who will post, especially as new content and posters come along.  If anyone has a macro already built in a proggie Id like to hear about it.

Sun, 05/15/2011 - 23:36 | 1278059 ManOfBliss
ManOfBliss's picture

longorshort,

SHUT THE FUCK UP.

You sound like a complete fucking douchebag. Despite what the FTC has brainwashed you to believe, it's NONE of your business what is sponsored and what isn't.

All that matters is that the content is quality.

 

Sun, 05/15/2011 - 14:08 | 1276554 silberblick
silberblick's picture

Here's a funny animation mentions the seriousness of this problem and what to do about it:

http://thesilvergoldhedge.blogspot.com/2011/05/join-sla-to-get-even-and-...

Sun, 05/15/2011 - 21:45 | 1277766 longorshort
longorshort's picture

Grow up and fix your profile, my god this silver spammer is still here.

Sun, 05/15/2011 - 14:20 | 1276581 Living_Stone
Living_Stone's picture

So Higher Education is a racket.  So what?  Take a few courses, make a few friends, get your lambskin and move on.  Or don't.  Kinda 'meh' about this "movie".

Sun, 05/15/2011 - 14:39 | 1276658 dwdollar
dwdollar's picture

You forgot the part about leaving with $30k in debt.

Sun, 05/15/2011 - 17:54 | 1277202 Max Hunter
Max Hunter's picture

Reminds me of something.. Back when I was 22 I was going to a community college part time. Just taking a few music classes.. I was a long haired Metallica loving guitar player and just wanted some insight on music.

I remember being ouside of a class with others and the Dean came up and was talking to us.. He asked me why I wasn't taking English, I said i'm going part time and work full time. I can't afford to not work and come here for the whole day.. He browbeat me with a stern and authorative look and said "they have loans for that" and walked away.

I was just telling my GF, he had no right to influence my decision.  As it ended up, I went to school to be a Mechanical Engineer at night and the company I worked for paid for it.  I have no College debt and recently paid off a 2 year tech degree (Mechanical Design) loan I got nearly 20 years ago..  It all worked out in the end.. I'm glad I didn't listen to that fuck head Dean.

My roommate, however, did go for 4 years and got a degree in music with a major in classical guitar. He works as an electrician (apprentice) and posts some of his guitar playing on YouTube... Daddy paid for school but if he'd gotten loans he'd be fucked.

Although I don't agree with everything in the movie, it certainly made a good and accurate point that jumping into school and going into debt for a Bachelors degree isn't always the best route.. ESPECIALLY in today's environment..

Sun, 05/15/2011 - 23:45 | 1278036 baby_BLYTHE
baby_BLYTHE's picture

Cool, this sounds a lot like me today. I like Metallica, but I am into more extreme forms of metal such as "death" and "metal core". (The Black Dahlia Murder, Unearth, Between the Buried and Me, Lamb of God,etc)

http://www.youtube.com/watch?v=tfPIc2inES0

I said FU to loans and decided in favor of a work/study. I will go to school 5.5 years instead of 4, but in return I don't owe a lick to a bankster and get to convert my labor into precious metals instead!

Mon, 05/16/2011 - 03:51 | 1278363 shesalive
shesalive's picture

cool...i like converge and zao. and i find that running on the treadmill absolutely requires lamb of god.

Tue, 05/17/2011 - 15:19 | 1284187 baby_BLYTHE
baby_BLYTHE's picture

cool. I have actually seen both of those bands live before at various shows I attended.

Converge- "Jane Doe" is a hardcore classic!

Sun, 05/15/2011 - 15:13 | 1276743 WaterWings
WaterWings's picture

I have a hunch you didn't watch it. You know, posting 16 minutes after Tyler put it up. Just sayin'. I guess $800+ billion ain't that much to sniff at anymore.

Sun, 05/15/2011 - 17:14 | 1277102 Hugh G Rection
Hugh G Rection's picture

He could have watched it. NIA released it yesterday

Sun, 05/15/2011 - 15:24 | 1276785 oddjob
oddjob's picture

Fossils expecting tenure,sickening.

Sun, 05/15/2011 - 16:11 | 1276909 rumblefish
rumblefish's picture

If that's all you took away you missed the point...ie: - government involvement always does the opposite of it's stated intention - gov't involvement makes things more expensive - this current college system lines the pockets of a small # of progressive fucktards while the bill is ultimately paid by Joe taxpayer. The question is when do the college bailouts start.

Sun, 05/15/2011 - 16:22 | 1276952 JW n FL
JW n FL's picture
by rumblefish
on Sun, 05/15/2011 - 16:11
#1276909

 

If that's all you took away you missed the point...ie: - government involvement always does the opposite of it's stated intention - gov't involvement makes things more expensive - this current college system lines the pockets of a small # of progressive fucktards while the bill is ultimately paid by Joe taxpayer. The question is when do the college bailouts start.

***********************************************************

a song for your Koch Bro's Loving Idiotic Ass!

http://www.youtube.com/watch?v=L1pfrFHWXL0&feature=share

Sun, 05/15/2011 - 22:10 | 1277832 StychoKiller
StychoKiller's picture

Govt-backed student loans are just disguised welfare payments for over-educated University eggheads!

Sun, 05/15/2011 - 21:52 | 1277781 longorshort
longorshort's picture

It had some good points, but for they left allot of important things out like vocational schools for trades people need or taking specific courses that teach you a skill.  This thing felt a little like a gold or silver infomercial without them disclosing it.

Sun, 05/15/2011 - 14:24 | 1276596 Butchery101
Butchery101's picture

Just seen it, a MUST SEE !

 

Sun, 05/15/2011 - 14:28 | 1276606 Hugh G Rection
Hugh G Rection's picture

As an NIA member I was looking forward to this video and wasn't dissapointed. 

 

My question... I have heard other ZH members refer to NIA as a pump and dump operation.  While they do send out stock/miner suggestions from time to time they always offer full disclosure of Gerard's holdings.  Can you guys provide evidence of any funny business?

 

 

Sun, 05/15/2011 - 14:29 | 1276621 DrFever
DrFever's picture

Read up about the NIA please and the NIA's founders.  Thet suck those with similar ideas and huge followings into following them or collaborating with them.  They use that audiece to suck more in.  Just read. Google NIA scam and you won't be left with a shortage of reading material.

http://thefundamentalview.blogspot.com/search/label/NIA

Sun, 05/15/2011 - 14:33 | 1276627 Hugh G Rection
Hugh G Rection's picture

Thanks I'll check it out.

 

I still like their vids, I just assumed they were fellow PM bulls fighting the good fight.

Sun, 05/15/2011 - 18:18 | 1277285 dark pools of soros
dark pools of soros's picture

they avoided any counter points, and kept forcing the gold/silver mantra.  So it comes off contrived.  It comes off like the kid yelling at his mirror instead of going up to the bully.

 

I agree with many points, but not everyone can make a lab at home for courses that need those. So the solutions presented are half-baked.  Also, as we all know here, hold silver and gold won't make you rich, just preserve the wealth you have.  If you are living paycheck to paycheck you will have to spend your PMs almost as fast as you are buying them. 

 

By the end of the video, the only answer that comes off is to live like the Mexicans do in the USA.  Get any job and live as cheaply as possible.

 

No word was mentioned about all the other countries that are pumping out kids with degrees so even if you say that if everyone in America has a degree it doesn't give you an advantage, well you get tossed aside if you don't so it is a disadvantage for not having one.

 

EXCEPT if you just start your own business and make your own jobs..  which is another point it makes but then moves on.  Should of stressed more on how kids can do those things. Nothing was mentioned on ways kids CAN do these things. So just lip service.

 

 

Sun, 05/15/2011 - 15:16 | 1276764 MyKillK
MyKillK's picture

That blog is a scam more than anything. He keeps saying 'I've done research and found NIA to be a fraud!' but doesn't provide any of that evidence what-so-ever.

Sun, 05/15/2011 - 17:59 | 1277213 Max Hunter
Max Hunter's picture

Not to mention, you can find anything (with a google search) you need to support ANY idea you have.

Sun, 05/15/2011 - 17:28 | 1277132 JustPrintMoreDuh
JustPrintMoreDuh's picture

Yeah their call on GPL at ~ .70 some while ago was full of $hit.  Fuckers.

Sun, 05/15/2011 - 16:11 | 1276926 rumblefish
rumblefish's picture

They do recommend penny stocks which is mildly annoying but the content of their videos is hard to refute and spot on. Is not like you're gonna find this on the MSM

Sun, 05/15/2011 - 14:27 | 1276611 JW n FL
JW n FL's picture

if I have 10 monster boxes of silver and I want 1 million more boxes.. I am going to have to rip off some of you guys! sorry! but you guys can always makes lots of money in the comex (paper) markets!

 

yippie!

 

who need party time college? well we all do.. but only go if you can afford to go on your parents dime..

Sun, 05/15/2011 - 14:28 | 1276617 Beancounter
Beancounter's picture

Would recommend a book Deschooling Society Ivan Illyich (sp?)  as a supplement.  

We homeschool our kids, for $400/yr and they score in the top 1% in the national exams.

Sun, 05/15/2011 - 15:13 | 1276752 Biff Malibu
Biff Malibu's picture

Same here, my friend

Sun, 05/15/2011 - 15:18 | 1276763 WaterWings
WaterWings's picture

Kudos to you guys. And I thought I was "born free".

Too many think they will be a star someday.

Tyler Durden: Man, I see in fight club the strongest and smartest men who've ever lived. I see all this potential, and I see squandering. God damn it, an entire generation pumping gas, waiting tables; slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need. We're the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War's a spiritual war... our Great Depression is our lives. We've all been raised on television to believe that one day we'd all be millionaires, and movie gods, and rock stars. But we won't. And we're slowly learning that fact. And we're very, very pissed off.

Sun, 05/15/2011 - 16:12 | 1276916 -Michelle-
-Michelle-'s picture

I'll have to check that one out.  We're homeschooling also, although we're just starting out.  Our oldest just finished his nursery level and we'll start preschool in the fall.

Sun, 05/15/2011 - 14:31 | 1276631 Cleanclog
Cleanclog's picture


Student loan debt has surpassed credit card debt in the United States and is now greater than $1 Trillion. Incredible and alarming.  

Maybe students are intentionally piling on the debt, knowing they are already on the hook for the enormous state and local debt as well as servicing the federal debt, never mind ever actually retiring that federal debt.

But how sad that even as students take out loans to pay for their future employment opportunities they imagine will come their way from advanced education, trained critical thinking, and technical knowledge . . . many of the institutions of higher learning raise the tuition they know the increased loans afford.  Some of these students will graduate with $50 - $250K in debt they have to start servicing immediately.

Are these “generous” programs really for students to be able to access higher education and presumably better opportunity?  Of course we hope so, but they are also another securitization of government largesse to put fees and spreads to bankers and educational institutions.

Sun, 05/15/2011 - 21:58 | 1277791 longorshort
longorshort's picture

Do you really have to have a nearly nude profile on a financial website.  Did you ever consider you might get someone in trouble at work just trying to read the damn news.  Grow up a bit.

Mon, 05/16/2011 - 00:10 | 1278129 Fish Gone Bad
Fish Gone Bad's picture

A long time ago, there might have been only one profile with a hot chick on it (Robot Trader?).  Then a few more popped up, now more.  I am waiting to see a flaming-groin-a-la Lindsay Lohan pop up eventually.  People are so uncreative for their avatars, don't you agree?

Mon, 05/16/2011 - 13:04 | 1279726 11b40
11b40's picture

We don't need no stinkin' consumer protection!

Sun, 05/15/2011 - 14:39 | 1276653 bob_dabolina
bob_dabolina's picture

Wanna' be cool?....drop outta' school

Sun, 05/15/2011 - 14:46 | 1276686 bid the soldier...
bid the soldiers shoot's picture

Old paradigm = dominoes falling.

New Paradigm = bubbles popping.

I just hope my Safeway doesn't run out of Spam.

Sun, 05/15/2011 - 14:52 | 1276702 Saxxon
Saxxon's picture

I watch as my homely (but blonde! and blue-eyed!) niece gets set up for 'Fine Arts' college because she wants to be a Star . . . no talking my sis in law out of this - already five figures in with professional photography and clothing . . . she should study solar power installation, organic farming and weaponry . . . sigh.

Sun, 05/15/2011 - 17:32 | 1277141 Tenma13
Tenma13's picture

lol loved the fact you tacked weaponry on at the end ;P Great mental image of the Aulson twins with AR-15s. 

Sun, 05/15/2011 - 14:51 | 1276707 jpritikin
jpritikin's picture

I find it astonishing that these good folks can make a documentary on college education and fail to mention binary economics. One widely overlooked way to empower economically poor and working people in market economy is to universalize the right to acquire capital with the earnings of capital. This right is presently largely concentrated, as a practical matter, in less than 5 % of the population. The concentration of the right to acquire capital with the earnings of capital helps to explain how people either remain poor or end up poor no matter how hard they work or are willing to work.

Binary Economics offers a conception of economics that is foundationally distinct from the economic theories presently employed by government, private enterprise, charitable institutions, and individuals to formulate and evaluate economic policy. Because it is foundationally distinct from classical, neoclassical, Keynesian, monetarist, and socialist economics, binary economics specifically offers a distinct explanation for the persistence of poverty, unutilized capacity, and suboptimal growth. First advanced by Louis Kelso, binary economics holds that (1) labor and capital are equally fundamental or "binary" factors of production, (2) technology makes capital much more productive than labor, (3) the more broadly capital is acquired with the earnings of capital the faster the economy will grow.

Most binary economists conclude that universal, individual participation in the right to acquire capital with the earnings of capital (the binary property right) is a necessary condition for sustainable growth, distributive justice, and a true democracy. Binary economic analysis reveals a voluntary market-based strategy for producing much greater and more broadly shared abundance without redistribution. Based on objective standards of (1) reasonable, workable assumptions, (2) internal consistency, and (3) plausible descriptions, predictions and prescriptions, binary economics should be considered wherever other economic approaches to growth, sustainability, development, investment, poverty, and economic justice are considered!

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=928752
Sun, 05/15/2011 - 20:34 | 1277590 Diogenes
Diogenes's picture

I always thought labor, capital and management were the components of economic growth. Now you are leaving out management which means knowledge and technology and claiming capital is the most important.

I call bullshit. If capital is abundant and need for labor is diminishing then it seems knowledge (management) is the key factor.

Sun, 05/15/2011 - 14:53 | 1276709 Pretorian
Pretorian's picture

Looks like NIA want to sell more newslett. by adding more doom and gloom.

Sun, 05/15/2011 - 14:59 | 1276722 bench
bench's picture

Frontline produced a 1hr documentary about this phenomenon a while ago. http://video.pbs.org/video/1485280975/

Last year, Steve Eisman presented the case for shorting for-profit colleges.

http://www.scribd.com/doc/32066986/Steve-Eisman-Ira-Sohn-Conference-May-...

Sun, 05/15/2011 - 15:06 | 1276727 Saxxon
Saxxon's picture

Shorting based on what; declining revs from fewer students?  Or defaults?

There are many better shorts than this sacred cow.

Yes it is going to collapse but it is going to be on the taxpayer's nickel.

Sun, 05/15/2011 - 17:46 | 1277173 MachoMan
MachoMan's picture

The local university is expecting a mass influx of chinese students in the coming school year...  I suspect many universities will attempt to pick up the slack so to speak by going abroad...  It may just be that college is too expensive for americans.

Of course, that does nothing to help the issue of default on existing loans...

Mon, 05/16/2011 - 13:09 | 1279745 11b40
11b40's picture

These loans are discharged in bankruptcy.  They follow the borrower forever.  There is no legal discharge.

Tue, 05/17/2011 - 13:11 | 1283541 MachoMan
MachoMan's picture

In general this is correct, but numerous loopholes and leniencies exist...  in large part, the payments are ability based anyway...  I also suspect many will be discharged given the pervasive and punitive nature of the debt...

Sun, 05/15/2011 - 15:04 | 1276736 nah
nah's picture

cheap credit loosely tied to 'college' wootz

Sun, 05/15/2011 - 15:09 | 1276742 bugs_
bugs_'s picture

when the college bubble pops, one of the biggest immigration machines known will grind to a halt.

Sun, 05/15/2011 - 17:50 | 1277199 SHRAGS
SHRAGS's picture

This is exactly what is happening here in Australia.  The "for profit" higher education sector was used as a back door method to circumvent immigration laws.  However, the number of students has declined rapidly after attacks on students from India.

 

 

 

Sun, 05/15/2011 - 15:07 | 1276744 NomadaNare
NomadaNare's picture

While one can't argue with the facts presented in the video, the reasoning behind it is retarded. I find it amazing that the NIA somehow finds a way to lay all of the blame for the catastrophic real estate meltdown at the foot of the government and then attempts to link this to the education bubble. While I do agree that the government is responsible for its fair share of bubblemaking, the idea that the schools-or anyone else for that matter-takes no blame in this entire thing is quite ridiculous. It is likely that there are a very complex set of relationships that cause the situation in which most of our graduating students find themselves. This will most likely lead to some interesting things in the education lending industry but I believe that focusing on how much money the government is lending to students will not remedy the situation. Probably a good investment opportunity though.

Sun, 05/15/2011 - 15:30 | 1276811 topcallingtroll
topcallingtroll's picture

If the government gives anybody money to buy a house with no verification of standards that caused the housing bubble.

With the government providing anybody money to go to school with no standards or any kind of quality verification that caused the education bubble.

The government tossing huge amounts of money around with no oversight caused those two bubbles.

The same thing happened in medicine. Government created extra demand and threw a lot of money toward healthcare and created a problem there too.

Sun, 05/15/2011 - 15:13 | 1276750 flipper2u
flipper2u's picture

   It's wonderful to see fascist ideas being promoted here. " Education is dangerous - every educated person is a future enemy."
Hermann Goering

Sun, 05/15/2011 - 15:27 | 1276794 topcallingtroll
topcallingtroll's picture

You misunderstand.

The education bubble was the lowering of standards and proliferation of " certifications" so that everyone could get a degree in something. The huge amount of money spent on coursework with extremely low standards and little relevance is the bubble, not knowledge itself.

Houses are good things, but lots of shoddily built houses at high prices where the amount of house was not worth the price eas the housing bubble.

Lots of shoddily educated people where the education was never worth the cost is the education bubble.

Sun, 05/15/2011 - 17:45 | 1277182 MachoMan
MachoMan's picture

colleges have printing presses too...  and they know how to use them.

Sun, 05/15/2011 - 23:19 | 1278018 OldPhart
OldPhart's picture

I can't even possibly describe the number and type of "Certificates" that I'm being presented with by job applicants.  There's "certificates" in english language (for natural born citizens), "certificates" in remedial math, "certificates" in "computer operation" (I checked, they know how to access microsoft office applications and type into them, then print what they typed.)

To clear the clutter my first interview question is "What is ten percent of $100?"  No calculator provided.  That leaves maybe 1 out of 200 or so.

I have music majors applying for accounting positions, and they've never had a course in bookkeeping.

I have degreed applicants that are over twenty five with NO PRIOR WORK HISTORY!(?)  Why in the world would I want to hire them?  I'd rather hire the McDonald's kid that had to settle the register each day.

Sun, 05/15/2011 - 15:26 | 1276798 dwdollar
dwdollar's picture

The benefit vs. price of traditional "higher" education is no longer practically and will be unstainable in future.

Who said education is dangerous?  The best education is the one you teach yourself.

Sun, 05/15/2011 - 16:01 | 1276883 alien-IQ
alien-IQ's picture

This system does not produce educated people it produces obedient people. And that's the goal.

Starting at an early age, we program children to go along and not rock the boat by thinking too independently...by not questioning too much.

College and the debt that it creates completes this cycle by placing graduates in a position of slavery (debt) to start their "lives".

It's a trap. There is nothing that you can learn in a school that you cannot learn on your own if you have the drive to do so. The only thing school and a diploma confirm is your willingness to do as you are told. It only confirms you are a good slave, not necessarily a smart person.

Sun, 05/15/2011 - 16:04 | 1276895 Al89
Al89's picture

You know that isn't what was said in the video. So stop being a moron. 

Sun, 05/15/2011 - 15:14 | 1276757 Rue
Rue's picture

It's not just the US who has this problem. The UK total student debt will be £46 billion by 2012 and our total credit card debt is not far off at £58bn. When tuition fees go from £4000 to £9000 this year then I'd expect student loads to over take credit card debt in just a handful of years.

Look on the bright side, at least the US and UK can keep each other company during the fiat firestorm headed our way.

Sun, 05/15/2011 - 19:25 | 1277437 Temporalist
Temporalist's picture

They've been in bed all throughout...why change now?

Sun, 05/15/2011 - 15:14 | 1276770 Biff Malibu
Biff Malibu's picture

Personal story, I graduated with a bachelor's degree in biology and a minor in chemistry.  Studied my ass off, did not enjoy my college years.  Went to medical school.  Things didn't work out, back home after a year. Was burned out and just wanted to work to finally enjoy life and have some money for awhile.  Unable to find any decent jobs with my background.  Went to apply for jobs selling pharmaceuticals, was told without sales experience I was worthless, told them but I actually know how the drugs work, they said don't care, we can find some hot woman and send her to school for 2 weeks to learn to sell the drugs. 

I ended up working in the music department of best buy. 

Sun, 05/15/2011 - 15:42 | 1276778 gorillaonyourback
gorillaonyourback's picture

best line out of the movie "if we were doing such a wonderful job producing geniuses, do think our country would be in such bad shape?"

http://price4freedom.com/2011/05/15/creating-a-future-hegemony/

Sun, 05/15/2011 - 17:49 | 1277184 MachoMan
MachoMan's picture

not if the geniuses were incentivized to go into the FIRE industry and conjure fraudulent securities...

Sun, 05/15/2011 - 15:22 | 1276786 DrFever
DrFever's picture

I must admit, I don't like the NIA, the people behind it or the fear mongering videos they put out.  I also despise their pump and dump newsletter service that so many of its members get sucked into.

But, they do raise valid points in this video and they do make a case for the college conspiracy.

I want to enjoy this video more but the NIA's stamp on it just leaves a bad taste in my mouth.

Sun, 05/15/2011 - 15:33 | 1276813 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

A reading list and an advisor is about all that's seriously needed for an education. Travel yes, but it can be with the mind just as well as on a jet.

University as Spa, Nightclub, Resort? Ah, there's the rub.

Sun, 05/15/2011 - 15:50 | 1276851 BIGBOHICA
BIGBOHICA's picture

I would say its sector dependent. If we cranked out more engineers and doctors, sure, I'd say its worth it. Let the real "geeks" go to school, because they most likely will be able to afford repayment. Especially for scient majors, they need the facilities and equipment offered by institutions which just can't be found in your basement. But for service sector and liberal arts, just go to the library or spend a few bucks at a Starbux.

Sun, 05/15/2011 - 15:40 | 1276820 Spirit Of Truth
Spirit Of Truth's picture

The college bubble is about as insane as you can get....not only because of the outrageous cost of 'higher education', but also because high-speed internet and modern advances in audio-visual communication means schooling can be done virtually at an extremely low cost.  Instead of paying $27K a year eventually the market will adjust such that one can get the same education online for pennies on the dollar of current costs.  This industry reorganization has started, but I expect the transformation will accelerate given the widening price differentials between on-site education and virtual education.

Sun, 05/15/2011 - 17:04 | 1277077 Saxxon
Saxxon's picture

Spirit of Truth; yes - and Buckminster Fuller made an interesting call, predicting people could be educated by 'interactive television' programs, about 30 years ago (Critical Path).

Sun, 05/15/2011 - 15:36 | 1276823 SWRichmond
SWRichmond's picture

The educationists are not going to like this...

Sun, 05/15/2011 - 16:21 | 1276950 -Michelle-
-Michelle-'s picture

"Educationists."  Love it.

Sun, 05/15/2011 - 15:39 | 1276824 BIGBOHICA
BIGBOHICA's picture

Certainly some very poignant points in the video and I agree most college degrees are worthless. However, emphasizing the point that don't go to college BUT buy PM instead seems a little far fetched, like the "if they bought silver with 30K instead of going to college, they could buy a house," which of course, is again extrapolating strictly with returns of the last couple years (gold might make more sense here). I couldn't figure out if this was genuine college bashing video or a PM pumping ad.Waiting for Superman was much better focused and less prejudiced. I give this film a D-

Sun, 05/15/2011 - 15:41 | 1276834 BIGBOHICA
BIGBOHICA's picture

and as all posts on ZH, I must add I am not bashing PM's in any way and am in fact a PM bull. Only being objective here that the not so subtle suggestions for NIA membership and PM pumping really ruins and takes away credibility of the film. Also a lack of facts and too many "according to some NIA members, these numbers are in fact not true!" I.E. the pharmicist section where NIA claims there is in fact not a shortage of pharmacists and we will not need to add 150K by 2015. Their only refute was "one of our members from NY couldn't find a job." You can get more useful and factual information on sites like ZH here so don't bother wasting your time with this POS. I just lost an hour of my life so you don't have to.

Sun, 05/15/2011 - 18:11 | 1277266 Max Hunter
Max Hunter's picture

 I just lost an hour of my life so you don't have to.

I you are reading ZH on a Sunday evening, you're not that pressed for time..

Sun, 05/15/2011 - 15:38 | 1276825 I am Jobe
I am Jobe's picture

With the Govt taking over the student loans only one can imagine wtf is going to happen when this one bursts. As parents across the country prepping thier kids for college they need to take a hard look and understand the economic impact and wheather it si really worth it or not.

Sun, 05/15/2011 - 15:40 | 1276831 libertus
libertus's picture

The education bubble is a big deal. The movie is a great introduction to the problem. If you want to read another analysis check out.....http://www.docstoc.com/docs/31082148/Blowing-the-Last-Bubble

There is a real link to the rising costs of higher ed, cheap capital and faculty salaries. The more people that examine these dynamics the better. 

Sun, 05/15/2011 - 15:43 | 1276839 I am Jobe
I am Jobe's picture

Thanks.

Sun, 05/15/2011 - 16:29 | 1276970 JW n FL
JW n FL's picture
by libertus
on Sun, 05/15/2011 - 15:40
#1276831

 

The education bubble is a big deal. The movie is a great introduction to the problem. If you want to read another analysis check out.....http://www.docstoc.com/docs/31082148/Blowing-the-Last-Bubble

There is a real link to the rising costs of higher ed, cheap capital and faculty salaries. The more people that examine these dynamics the better. 

****************************************************************

 

***** "The more people that examine these dynamics the better." *****

I think this should be the mantra of Fight Club!

we all should present info.. let everyone review and then come back and hash it out.. we have enough intelligent voices that we may make some head way on real issues. Or let the experts in a given discipline guide the rest of us to something closer to the truth as opposed to what we are all fed day to day?

 

We almost do that anyway.. but making it official, would make us a group and thusly raise the FBI's awareness of us ALL!

 

"O" My! a group that thinks and argues to make the world an better place that is NOT Government Sponsored!

 

Sun, 05/15/2011 - 16:42 | 1276999 libertus
libertus's picture

Thanks for the kind words. The more information and knowledge to the most people the better. Please take a look at the paper. It got absolutely no play when I wrote it a couple of years ago. Over the next 10 years all educational institutions will change dramatically. To be honest many "elite" schools are a total ripoff. $50,000 and more for a BA? The BA is now the high school diploma. the MA, MS is now worth what a BA was 20 years ago. 

 

Sun, 05/15/2011 - 23:26 | 1278032 OldPhart
OldPhart's picture

by libertus

The BA is now the high school diploma. the MA, MS is now worth what a BA was 20 years ago.

 EXACTLY!!  I've seen applicants that have a BA and can't read the god damned instructions on the application or the screening tests.

Sun, 05/15/2011 - 15:54 | 1276871 Jay
Jay's picture

I agree with some of the points made in the film, especially that the govt. student loan program should be abolished, but the film has too many wild exaggerations in it to recommend it to anyone.

I'm grateful for the law student's perspective, at minute 47, on how the modern legal system is hurting rather than helping secure freedom. That was the high point of the documentary for me. NIA, however, needs to tone down the rhetoric several notches for "College Conspriracy" to be taken seriously.

Sun, 05/15/2011 - 16:10 | 1276905 Drag Racer
Drag Racer's picture

excellent video guys

Sun, 05/15/2011 - 16:15 | 1276928 I am Jobe
I am Jobe's picture

It makes you think and figure out if the investment is worth it or not. I agree and disagree with some points of NIA.

Sun, 05/15/2011 - 16:18 | 1276936 I am Jobe
I am Jobe's picture

NIA did predict the Food Inflation and food shortage in 2009 which leads me to beleive if if the video has some certain hype nonetheless has some truth in it.

Sun, 05/15/2011 - 16:24 | 1276954 bob_dabolina
bob_dabolina's picture

Ahhhhh, I see....

The last 10 minutes were funded by the Apollo Group.

All that time trash talking a college education only to go on to say what a brilliant future online college has. How do you go from telling people to become farmers, only to later say "online college is the way of the future" 

ha. ha.

Mon, 05/16/2011 - 00:16 | 1278140 across the rubicon
across the rubicon's picture

I wondered why some obscure young dude would spend his time and money, to make a movie for free.. i mean he aint mother Theresa's son now is he?

So first I thought it must be Steve Eismans group doing the funding to get more voices for their for-profit short trade.

But uv nailed it. Bewarned. Online Education stock pumping spam begins by NIA in 3.... 2.... 1....

Sun, 05/15/2011 - 16:26 | 1276961 dalkrin
dalkrin's picture

So I had nibbled a standard dose of my stash of marijuana laced cookies hours before even watching this.  I was impressed by the professionally scored drama-heightening music as a backdrop to this justified rant against the system.  I even began to have thoughts that it was all part and parcel of a conspiracy to enslave students for life, but that would be just silly.  So I now view my own government with even more suspicion.

Personally, I benefited from my college experience, but my family was able to gallantly shoulder much of the burden, and from 2001-2005 tuition was still tepid.  Now I am gainfully employed, each month allocating half my paycheck to the physical silver project.

Expand your mind, question authority, and bunker down for the dark ages.

Sun, 05/15/2011 - 16:24 | 1276965 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

I wonder how tightly linked Barnes & Noble is to the college bubble..  Lots of schools  "outsource" their bookstores to them..

Sun, 05/15/2011 - 16:56 | 1277004 mcarthur
mcarthur's picture

I have no issues with "higher education".  Just with what they teach.  I've been looking for a mining engineer reporting to me for over a year.  Starting pay $C95K ($US99K).  We're the guys that actually mine PM's among other things.  No luck. The irony. The Colorado School of Mines graduates about 5 a year and about 2,000 others destined to be a problem to society.  If I get less then 3 headhunter calls a week, it's a slow week.  Mind you CSI Miami and Law and Order is sexier than Coal.

http://www.infomine.com/careers/jobs/a3/engineering.jobs.aspx

 

Sun, 05/15/2011 - 17:27 | 1277129 Cyan Lite
Cyan Lite's picture

Just watched the entire "movie".  Thought it overall good about making a case for college education being a bubble.  No doubt about that, but the shameless plugs for investing in physical gold/silver showed me that they were also trying their hand at brainwashing folks.  No doubt that precious metals have a place in a portfolio, but I wouldn't dare suggest someone spend their ENTIRE savings portfoliio ($30,000 as suggested in the movie) on physical silver instead of going to college.

College does have a place in America, the only problem is that not everybody is suited for college.  The vast majority of students are majoring in areas that will never be profitable.  Dance, Theater, Art History majors will almost certainly not be able to pay back their loans.  However, there are some successful people in fields like engineering, computer science, doctors that will go on to make several hundreds of thousands of dollars per year that they couldn't do their jobs without a college degree.  I majored in Computer Science where there has consistently been a shortgage of good software engineers over the past 7 years since I graduated.  However, I just got back from the local Ruby Tuesday where my waiter had a degree in sports management.

Instead of fully investing in silver, I would suggest going to college instead and just major in a worthwhile field.  You'll make more money over your lifetime being a mechanical engineer than investing in silver as the movie fails to mention.  And $35k average starting salary for a person without a degree?  I've love to see where these folks are being employed.

 

Sun, 05/15/2011 - 17:57 | 1277215 tedsmojo
tedsmojo's picture

agreed - the shiny silver coin, the scraggly actors, the teenage president of the inflation association were a turn off. Nice graphics, good sound, scary big numbers, but a big "OK so what?" College is important. It's where you meet the next generation's overlords. As in any imbalanced market, if someone can do it better and cheaper, aka build a better Mousetrap U, students/customers will beat a path to the ivory tower. Plus if the whole house of cards collapses a tidal wave of unemployed professors will quickly create wonderful new GDP boosting inventions, like new see through stretchy jeans and lasers that can hunt down terrorists from the moon. Stop being afraid and just short the planet. -Bacchus

Sun, 05/15/2011 - 18:53 | 1277357 malek
malek's picture

You failed to mention the movie's statement that most successful people, with hindsight, express they wouldn't have needed their college degree to have success.
Does that apply for you too?

Someone I know well got his MS in electrical engineering. Never used it and instead earns a well-paid living as a Senior IT Consultant for over a decade now; mostly self-taught.

Sun, 05/15/2011 - 22:17 | 1277842 Cyan Lite
Cyan Lite's picture

Without my college degree, I wouldn't be where I'm at today.  I'm in a computing field that was opened up by my college degree when I got my first entry-level job.

I would venture to say the vast majority of folks making $100k or more a year has a college degree.  I know there are accounts of Michael Dell's and Bill Gates who went on to be billionaires, but not everybody is truly extraordinary like that. 

On the other hand, my plumber that came by last week charged me $75 an hour.  I have a master's degree as well and make over $100k a year, and live in the same neighborhood as several other a/c technicians all of whom went to vocational school for two years. 

Sun, 05/15/2011 - 18:03 | 1277234 girl money
girl money's picture

Here's a suggestion... recent grads, flash mob your alma mater every time you DON'T get a job.  Start tent cities for homeless former students who are now hopelessly loaded with debt right on campus.  Those colleges have a lot of empty space you and your parents paid for, go use it.

Might have to plunk down $20-50 a year to get an alumni pass so that  college security doesn't kick you out.

Ask any employer, credits are a COMMODITY, doesn't matter where you get them.  Experience carries much more weight.  So, get a job straight out of high school without college, and if your employer needs you to get a degree, see if they'll pay the tuition.  Most IT jobs only require certifications, not degrees, and employers are already weighting those much more heavily than degrees.

That brings us to the next bubble, the IT/internet bubble.  When the internet gets blocked for "national security," ie, interrupted for more than a few hours, or EMP'd (look it up) we'll see what can exist without it.  Testing has been going on for a while,  can you tell?

 

Sun, 05/15/2011 - 18:18 | 1277276 Yossarian
Yossarian's picture

The movie made some decent points but there was too much crap mixed in.  The part about taking your education money and buying gold and silver was ridiculous- starting a good business or gaining a skill will earn you a return on your investment; gold/silver will just provide you a return of your capital but no growth.  Hardly something you can live 80 years on.  I finally turned the movie off when it said that agriculture, mining, and manufacturing are the only way to get wealthy- nonsense, unless by manufacturing you mean something other than making widgets, steel, and cars. Stuff is making up a smaller and smaller % of our expenditures every day.  Well, perhaps stuff has declined too much since 1982 or so but, once the restructuring takes place, stuff will continue to be a smaller part of our budget while information and new technology will grow.  I mean, how much more clothing can we possibly consume in terms of volume?

Sun, 05/15/2011 - 22:18 | 1277846 LowerAlabamaBohunk
LowerAlabamaBohunk's picture

I finally turned the movie off when it said that agriculture, mining, and manufacturing are the only way to get wealthy

 

I think they were trying to refer to the economic means of wealth (new value) creation. (Needless omission of the political means, imo).

 

 

Sun, 05/15/2011 - 19:26 | 1277428 Goatboy
Goatboy's picture

NIA is a scam.

Sun, 05/15/2011 - 19:34 | 1277457 Temporalist
Temporalist's picture

It does bother me the ultimate purpose of this video seems to be to pump PMs.  Fine if one believes in them as I do but to harp on them over and over as an investment when the video was supposed to be about college destroys any credibility they have.  I usually like NIA videos, even though I think the NIA is at best self promoting, but this was bad.  They need to learn how to make documentaries more balanced and not lead and influence interviewees.

I have watched enough NIA videos to be tired of the relentless "investment" advice which is present in every single video they make. 

 

Here is the basic cookie cutter screenplay for the NIA:

Introduce theme about poor investment choices

Promote Gold and Silver

The End

 

There you can now skip all NIA videos.

Sun, 05/15/2011 - 19:54 | 1277503 DoctorGold
DoctorGold's picture

NIA "producers" are nothing more than pump and dump penny stock con artists. Their videos state the obvious. Research them, look up everyone involved. Scammers, nothing more.

Sun, 05/15/2011 - 20:35 | 1277594 Use of Weapons
Use of Weapons's picture

Yes, but there's a point where economic ideology hits a world of bullshit.

Question:

Why do the most successful educational enterprises in the entire world keep their class size to circa 6-10 people?

Answer:

This is the number at which (we call them seminars.. I see an IMF joke incoming there) there's an optimal exchange of ideas / 'brainstorming' [uggh.. corporate whore language].

"New technology makes this...." Zzzz. No, it doesn't. Top tip: if you're in business, you'll instantly know that the 1-2-1 or small meeting gets shit done far beyond the Corporate big table events. Why? Because its less bullshit. [Please do not apply if you are a brainwashed Corporate shill who has never made a million in their life, or work for a government agency].

 

Apart from that, the video has 1/3 of a good idea. But, really... it fundamentally doesn't get "ELITISM". Sorry chaps, but "ELITISM" works, and it works well. This includes plonking 60 men on a small desert oasis and asking only 20 to come out... the French Foreign Legion has psychology down to a tee. So do the top universities. If you want a problematic answer, then this is it: Why the fuck do people think that 50% of people getting a degree is a good idea? Or that 50% of people can even handle the data / processing required? Answer me that, and reference "why SAT multiple choice answers make students fucking stupid, not "special"" and "do a proper damn exam you retards" then I might play ball.

Bottom line: Pander to the "lowest common denominator" and you get a society worth shit all.  At this point, the new Capitalism has managed to place the "brightest and most sociopathic" into not being forced to help society [yes: sociopaths used to run Empires children, they were just forced to do it for the good of the Empire, not their own pockets, on pain of 'large spike up bum'] but also into "hey, they generate trillions in imaginary cash, they should run the ball game, because I like watching soap operas".

 

 

Ugh. At this stage, I'm afraid I'm with the A.O.O.'s. Time to purge.

Sun, 05/15/2011 - 21:03 | 1277653 chinaguy
chinaguy's picture

I worked my way through a Cal State University degree while loading trucks at night for UPS. I graduated with NO debt. I started a couple of businesses and retired a multi-millionaire by my mid forties. Was I lucky? - perhaps - did I work my ass off ? - Absolutely. How many students are willing to work 90 hour weeks (during their University years)? - damn few I'm sure

It might be easier /lazier with a $150K Ivy League piece of paper - but personal experience shows it is NOT necessary.

BTW - I've spent the last 3-4 weeks in Thailand, Vietnam & Indonesia...and I have been soundly re-reminded that most Americans  are spoiled, brain-dead brats. "Waa - waa - waa... things are too hard so I'm going to whine because I'm not willing to work harder.

Sun, 05/15/2011 - 21:17 | 1277689 HEHEHE
HEHEHE's picture

There's a lot of good points re the ridiculous cost, textbooks, falling standards etc.  I went to a private school for undergrad; state school for law school.  If I would do it over I'd have gone all state schools as the cost vs. quality of education wasn't any different. 

Sun, 05/15/2011 - 21:23 | 1277697 headless blogger
headless blogger's picture

I think Americans should ALL go to college no matter the debt, and start demanding Quality education instead of elementary easy-A classes. So many Americans will demand Quality when they are out shopping.

Stupid people can make lots of money. The U.S.of A. is full of examples. Being educated should mean more than just "how much money can I make". Everyone wants to make a living. If the system was truly fair most people would be able to.

The public school system went down-hill when it removed Philosophy, Logic, and critical thinking classes.

This started after WWII, when they started messing with the education system. By the time the first class under the new math and new "agenda" curriculum graduated (sometime in the 60's), the SAT scores started declining.

 

This is why we are in the trouble we are in today. Americans are too stupid to figure out the big picture or the ramifications on themselves and their communities by a government that is married to corporate power. That is called fascism. I will not call the U.S. a democracy. It is NOT.

 

 

Sun, 05/15/2011 - 23:41 | 1278072 ManOfBliss
ManOfBliss's picture

College was easily the biggest waste of time and money.

I'm an entrepreneur and independent investor, and everything I've achieved, I've done through my own hard work and experience. No degree necessary whatsoever.

Sun, 05/15/2011 - 21:35 | 1277724 Blanche DuBois
Blanche DuBois's picture

Past informative article from ZH, re the whole college thingy...

http://188.126.66.66/article/why-avoiding-traditional-path-university-ed...

Sun, 05/15/2011 - 21:36 | 1277728 headless blogger
headless blogger's picture

Gerald Celente is an ok guy. I get what he says. However, most people do not make it big like Gerald or someone like Bill Gates (who dropped out of Yale...or was it Harvard?).

Not everyone gets lucky on their own designing something, being a lucky gambler (celente), or has the mathematical/computer inclination as Gates. BUT most people can be taught good critical thinking skills and thereby learn to separate the bullshit from the truth. Most people today are basically just confused and its easy to see why.

Americans are brainwashed from birth about dependency versus independence. The fact is humans are dependent animals upon one another. By teaching "independence", it is easy to see how the few who do make it to the top (in regards to money) have contempt for those that don't. However, EVEN wealthy individuals (like my two examples, Celente & Gates) are more dependent on others than they may think.

Humanity is a web. We don't just get rich on our own. Think about it.

The only people that are independent are a few examples of "mountain men" that went to the wild to live for awhile. Thoreau comes to mind. Even Thoreau assimulated back into society, though.

This is why people can run down the "losers" without a blink of the eye, not realizing their own ignorance in the matter.

 

Sun, 05/15/2011 - 21:37 | 1277731 OrestesPenthilu...
OrestesPenthilusQuintard's picture

John Taylor Gatto's The Underground History of American Education will get you deeper into why our "Schooling" system is a wretched mess.

 

There's a good documentary "2 Million Minutes" that is also worth your time.

 

Gatto's book changed my view on school, and it changed the way I teach my children and my students.

Sun, 05/15/2011 - 21:37 | 1277732 M4570D0N
M4570D0N's picture

I will keep watching, but so far there's a lot of  half truths and/or false statements in the first 3.5 minutes.

Sun, 05/15/2011 - 22:11 | 1277838 longorshort
longorshort's picture

Teach your students how to file a patent, how to balance a checkbook and debt.  Teach them how to present a business plan to a bank.   Teach them to put the crackberry down and have some real people skills.  Somehow I think this is going to be a great shortage of people with this skill.  Teach them to think everywhere but inside that box and thats its ok to be the odd duckling.  Teach them how to get an education at a reasonable price by attending a community college but making sure how to make sure ahead of time that the credits transfer.  You can actually cover a BS in 2.5 to 3 years going year round.  You just have to plan well and sign up for classes early.

Sun, 05/15/2011 - 22:22 | 1277859 I am Jobe
I am Jobe's picture

Is College Worth It?

Is College Worth It?

Is College Worth It?

http://pewresearch.org/pubs/1993/survey-is-college-degree-worth-cost-deb...

Sun, 05/15/2011 - 22:32 | 1277887 Truffle_Shuffle
Truffle_Shuffle's picture

As a former CFO of an online institution, I can say a lot of the info in this documentary is pretty spot on.  However, it's unfortunate to hear NIA's plug for online education.  Most of these institutions are nothing more than churn 'em and burn 'em organizations geared towards collecting as much taxpayer's money as possible…via Title IV and military funding.  I guess that's why NIA wouldn't consider me as an expect witness for this documentary.

The institution I worked for (and believe me it's not the only) was nothing more than an ingenious front for a billionaire convicted felon (Hello Mr. Milken!).  It's amazing the lengths to which these players will go to get what they want.  I would like to extend my thanks to him personally however as my education through uncovering the truth was priceless.  Nothing short of a real black market MBA.  My experiences at this organization would be book worthy.  I could call it "Schooled: An Education in Online Higher Ed".  It'd have all the juicy details.  Fraudulent marketing practices, issuance of illegitimate degrees, wire fraud, bank fraud, self-dealing, conflicts of interest out the ass, numerous IRS-defined excess benefits transactions, etc. etc.  I believe the acronym RICO also comes to mind.  

You may be surprised, OR NOT, that career politicians, former heads of Sallie Mae, Dept of Ed., national and regional accrediting bodies, etc. will line up and jump hand over fist to serve on these fraudulent universities Board of Directors.  All for the right stipend or kickback of course.  Great D&O coverage required please.  It's all nothing but a big fucking circle jerk.  And everyone is getting off....with the student and subsequently taxpayer’s money.  Never mind though.  Nothing to see hear so please move along. 

 

 

Sun, 05/15/2011 - 23:37 | 1278063 OldPhart
OldPhart's picture

Get busy writing.  I'd be the first to buy a book.

Sun, 05/15/2011 - 23:20 | 1278015 Extremist Tan
Extremist Tan's picture

Find a more credible source for the big points.

Sun, 05/15/2011 - 23:42 | 1278075 ManOfBliss
ManOfBliss's picture

Anybody sitting around whining about whether or not NIA is a "scam" has completely missed the point of the documentary.

Mon, 05/16/2011 - 00:06 | 1278114 Lazane
Lazane's picture

VULTURES

Mon, 05/16/2011 - 00:24 | 1278159 Buck Johnson
Buck Johnson's picture

This was a great video, truly great.

Mon, 05/16/2011 - 00:57 | 1278181 WilliamShatner
WilliamShatner's picture

Good film, too bad the NIA people fucked up by putting "conspiracy" in the title.

That word automatically discredits something in the eyes of most people these days.

 

BTW, most colleges aren't educational institutions these days as much as they are indoctrination centers.  Getting the graduates deep in debt is simply the bonus icing on the cake for the ruling elite.

Mon, 05/16/2011 - 06:09 | 1278418 Abraham Snake
Abraham Snake's picture

One might also consider the concept of predatory pass through. A close friend whom was working as a temporary for Dental offices recounted to me variations in the office philosophies of the Dentists she has worked for, where younger dentists largely coax their patients into the most expensive yet least effective treatments, such as sealants and cheap whiteners, cosmetics, deep cleanings, milking them for cash, while the older, long established dentists, tend to be more honest and and are by far the least intrusive.

The predatory financial pressures placed upon the newly graduated professional classes effectively forces these professionals to set ethical considerations aside. Financial survival requires the highest income stream possible and downstream, the customers are cajoled into purchasing services they don't need. Thus, these predatory pressures are passed through to the society at large.

Tue, 05/17/2011 - 02:31 | 1282145 shesalive
shesalive's picture

i can vouch for that. my 82 yr old dentist might talk my ear off and spit on me, but never overcharges, and he'll only install gold or silver in my teeth. keep your metals close,

gold and silver fillings bitchez.

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