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Business School Curricula Today Lacks Real Critical Knowledge to Survive the Global Economic Crisis

smartknowledgeu's picture




 

“College isn’t the place to go for ideas” – Helen Keller
 

“It is possible to store the mind with a million facts and still be entirely uneducated.” – Alec Bourne.
 

“I have never let my schooling interfere with my education.” – Mark Twain

 

In Part 3 of my critical thinking and education series, I am posting a video from Charlotte Iserbyt, the Senior Policy Advisor in the Office of Educational Research and Improvement (OERI), U.S. Department of Education, during the tenure of Ronald Reagan, and author of “The Deliberate Dumbing Down of America”, as the substantive portion of this commentary. Ms. Iserbyt’s father and grandfather were members of the Skull & Bones secret society and as Senior Policy Advisor of the OERI, Ms. Iserbty had access to an abundance of secretive minutes from past educational policy meetings that revealed the true intention of the Rockefeller and Carnegie funded global education system. Whether or not you believe everything Ms. Iserbyt has to say, her pedigree makes the interview a definite worthwhile listen despite its length and is sure to make you reconsider your views about institutional academics. 

I encourage everyone to carve out the time sometime in the future to watch and listen to the entire interview below.

 

 

We, at SmartKnowledgeU, have long stated that business school curricula promotes and instills zero knowledge critical to understanding how capital markets truly operate and how to create wealth. For this reason, we have often stated that “Delaying a College Education in this Economy is the Right Choice.” If we were responsible for building a nation’s business educational curricula, here are just some of the topics we would consider mandatory, none of which are taught in business schools today, and all of which are part of the SmartKnowledgeU Wealth Secrets educational online course:

 

 

A History Of Central Banks and Their Motives;
How Money is Created, How the Monetary System Operates, & The True Definition of Money;
The Real Definition of Inflation
How to Properly Interpret “Official” Government Key Economic Indicators;
How to Interpret Publicly Released Corporate Earnings Statements;
How Bankers Have Shaped World Thought Through Academia & Media;
Understanding Fractional Reserve Banking;
Understanding Austrian v Keynesian Economics;
The Real Story Behind the Efficient Market Hypothesis & Diversification Strategies;
The Monetary History & Investment Value of Silver; and
The Monetary History & Investment Value of Gold

 

 

You may find Part I & Part II of this SmartKnowledgeU series on Education & Critical Thinking below:

Part I: Lack of Critical Thinking is Key to the Corrupt Status Quo Maintaining Their Power

Part II: The Hidden Dark Agenda of Public Education

 

 

 

About the author: JS Kim is the Founder and Chief Investment Strategist for SmartKnowledgeU, a fiercely independent investment research and consulting firm with a mission of helping to stomp out Wall Street fraud and to reinstitute sound monetary principles and sound money worldwide. We sincerely appreciate all of you that continue to “like” our Facebook fan page and “follow us” on Twitter. Through these mediums, we will keep all of you aware of some major campaigns we will be launching in early 2012 to raise global awareness of monetary truth and our proposed solutions to institute sound money that CAN serve as a viable and implementable solution to the financial ills heaped upon us by the global banking cartel.

 

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Wed, 04/25/2012 - 05:25 | 2372655 handbags replicas
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Sun, 01/22/2012 - 22:07 | 2087398 arg
arg's picture

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Mon, 01/16/2012 - 19:53 | 2069698 blunderdog
blunderdog's picture

This woman has some good points to make, and she's absolutely right to condemn our educational system.

But she's concerned about "the globalist fascist socialist communist conspiracy to take over the world." (Near-verbatim quote.)

The points are in order, but her conclusion is batshit.  She sent a letter to Reagan to warn the administration of this Marxist conspiracy.  They blew her off.

The REAGAN ADMINISTRATION blew her off.  Reagan himself was a diehard anti-communist who wanted to bring back the House Unamerican Activities committee.

It's too bad Alex Jones lays everything on so thick.  Sometimes I wonder if he's trying to discredit his own theories.

Tue, 01/17/2012 - 04:22 | 2070382 AnAnonymous
AnAnonymous's picture

What is going on is US citizenism. It is US citizenism that is taking over the world, that is spreading everywhere.

That US citizen woman phrasing was funny. She used all the kind of doctrines she could think but US citizenism.

US citizens can not self indict.

You cant expect from US citizens what they can not give.

Mon, 01/16/2012 - 23:10 | 2070050 chindit13
chindit13's picture

Given Ms. Iserbyt's pedigree, she makes a great case for keeping the Estate Tax high.

Mon, 01/16/2012 - 19:34 | 2069674 Georgesblog
Georgesblog's picture

Business schools could improve the practical application of modern business education by opening internship programs in brothels and casinos. There is long precedent for a successful program. Jockeys and paddock workers have always had more business common sense than anyone on Wall St.

http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/

Mon, 01/16/2012 - 16:56 | 2069383 My Days Are Get...
My Days Are Getting Fewer's picture

The video is worth listening to and has the ring of sincerity and concern.

Mon, 01/16/2012 - 13:41 | 2068917 williambanzai7
williambanzai7's picture

The misunderstanding begins with the word "schools."

Mon, 01/16/2012 - 13:21 | 2068861 dipsit
dipsit's picture

what IS "The Real Story Behind the Efficient Market Hypothesis & Diversification Strategies"??

Mon, 01/16/2012 - 13:16 | 2068843 cdskiller
cdskiller's picture

Business school curricula has been doing a masterful job of teaching students how to create wealth and keep that wealth. Trillions of dollars have been made and, more importantly, concentrated in the last 20 years. A new gilded age has occurred. What business schools are not doing is teaching students ethics, morals, responsibility, accountability, ie, good business practices.

Mon, 01/16/2012 - 12:44 | 2068755 bugs_
bugs_'s picture

A Keynesian fantasy land.  Oh for the day when we will put a red felt rope around it so that this precious history will be preserved.

Mon, 01/16/2012 - 12:06 | 2068652 lindaamick
lindaamick's picture

As a victim of the US public school system, I entered college and inadvertently took a Philosophy Course studying Aristotle's Nichomachean Ethics.  My minds' eye began to open.  From there, with my tiny penlight flashlight mind, I pursued Plato and then many other great thinkers. 

As a result, after college I made a decent wage but never became slave to the status quo.  I am saddened by my lack of community as I have nothing in common with Americans.

Tue, 01/17/2012 - 02:44 | 2070318 Aquiloaster
Aquiloaster's picture

Good Philosophy is one instantiation of the red pill. I think that some decent Philosophy professors still exist because TPTB deem them to be largely irrelevant (the better the Prof, the more irrelevant in the mainstream's eyes). The best are at small peripheral institutions bc they value teaching over research. Many of them only have 1 or 2 worthwhile students in their careers. But as long as there is someone left to lead others out of The Cave, things might still turn out ok.

Mon, 01/16/2012 - 12:03 | 2068643 SwingForce
SwingForce's picture

BRILLIANT! You don't know what you don't know, I always say. (But I did stay at a Holiday Inn Express last night)

All kidding aside, CREATURE FROM JEKYLL ISLAND 5TH EDITION is a great place to start. And if this story's title is correct, nobody already graduated & employed has the skills necessary to survive. Personally, I hated school, I couldn't get out fast enough. In 1975, I graduated with enough credits at the end of my junior year. No college. I'm not bragging; maybe I sensed something was awry before hearing Mrs. Iserbyt. Thanks for your article. 

Mon, 01/16/2012 - 19:54 | 2069699 my puppy for prez
my puppy for prez's picture

Just put it in the hands of my college senior business student son leaving for spring semester today!  He has a fine mind.  He asked me why schools don't teach the concepts of monetary policy, etc.  I told him b/c they don't WANT you to know!  He seems genuinely interested and I am THRILLED!  

Since he knows nothing of TPTB and their agenda, he has thought of me as a conspiracy theorist.  He is willing to listen, which is good.  At this point, he questions the validity of a central banking agenda for world domination, but I am thankful that he DOES question and wants proof.  That challenges me to back up what I am teaching him with solid facts.

He is on a short list for a post-graduate internship at FASB (only a handful in the country are selected), and I am deathly afraid of his being brainwashed by the globalists.  I am hoping Jekyll Island will open his eyes and help him see the "network" and the squid tentacles before he enters that world.  

Mon, 01/16/2012 - 11:33 | 2068593 ifishivote
ifishivote's picture

In the state of California students from k-12 must be taught GAY history...Our education system is destroying America.

Mon, 01/16/2012 - 11:49 | 2068621 kridkrid
kridkrid's picture

Red herring.  Your assumption is that gay history is replacing something of consequence.  

Mon, 01/16/2012 - 12:20 | 2068686 TwelfthVulture
TwelfthVulture's picture

Considering that so little of consequence IS taught K-12, you're probably correct, however, it is a safe bet that IT IS replacing something of GREATER significance than gay history.

Mon, 01/16/2012 - 12:35 | 2068726 kridkrid
kridkrid's picture

Maybe gay history is edging out the disinformation being handed out as US history... it's all propaganda, either way.  It's what you get when you sign up for public education.  Same as it ever was.

Mon, 01/16/2012 - 11:38 | 2068552 847328_3527
847328_3527's picture

 

 

Hamburger University More Selective Than Harvard

 

http://www.huffingtonpost.com/2011/01/26/hamburger-university-more_n_814...

Mon, 01/16/2012 - 19:56 | 2069702 my puppy for prez
my puppy for prez's picture

i hear their course on macro-mcnuggets is quite rigorous.  lol

couldn't resist!

Mon, 01/16/2012 - 10:57 | 2068508 frostfan
frostfan's picture

What makes Business school so unique about having people unprepared?   How many idiots in the last ten years can't understand how the world trade center collapsed from the real story as in jumbo jets and say it's not possible because they went to school as an engineer?   A lot of doctors who went to medical haven't done surgery in decades.  A lot of engineers stopped using math and only do budgets and some lawyers never touch a subject from law school once they graduate.

That being said, while the author is plugging a product, it may be some interesting reading based on his summary.

Tue, 01/17/2012 - 01:03 | 2070200 Fedaykinx
Fedaykinx's picture

excellent, thanks for that.  this place makes me wonder sometimes.

Mon, 01/16/2012 - 22:24 | 2069987 ozziindaus
ozziindaus's picture

I don't get your point. I went to engineering school and no, the official story is NOT POSSIBLE.

Mon, 01/16/2012 - 23:06 | 2070046 chindit13
chindit13's picture

I believe if you state your case and your beliefs in a court of law, the judge might well rule for a full tuition refund.

Mon, 01/16/2012 - 23:34 | 2070085 ozziindaus
ozziindaus's picture

I'll gladly take it but it certainly will not change the facts. Unfuckinbelievable. After 10 years, there are still morons eating the official story shit up?

Tue, 01/17/2012 - 01:04 | 2070203 Fedaykinx
Fedaykinx's picture

lex parsimoniae

Mon, 01/16/2012 - 10:21 | 2068448 Shineola
Shineola's picture

Economies are based on trust. Write your dissertation on that.

Mon, 01/16/2012 - 10:45 | 2068483 kridkrid
kridkrid's picture

Or better yet, faith... which from where I sit, is far more insideous. 

Mon, 01/16/2012 - 10:41 | 2068478 Zero Debt
Zero Debt's picture

One good read on the subject is the book "The speed of trust" by Stephen M R Covey

Mon, 01/16/2012 - 10:16 | 2068445 AnAnonymous
AnAnonymous's picture

Ah, ah, makes me laugh.

Lets see if once again, we can have it right

-those guys alledgedly engineered the crisis

-and their training have given them zzip chance to survive the crisis

Rich.

Reality: they are US citizens and are in position to push many people (including some other US citizens, crunchy) under the train before facing the consequences of their own actions.

So yep, they wont survive the crisis but by Jove, they are going to be among the last to fall.

Next iteration: buy our special US citizen kit training to critical thinking, survival course in a world in crisis.

Mon, 01/16/2012 - 10:54 | 2068502 kridkrid
kridkrid's picture

Just my opinion... but I think academia creates the middle managers of our global ponzi scheme.  They left with their MBA's as willing accomplices.  They learned that cash flow is all that really matters... leveraged top line growth is cheered by your board... and do what JPM or GS says when they fork over financing to acquire assets.  The world is leveraged up and tapped out.  Bring on the collapse.

Those who rise above middle management are the psychopaths who actually understand the destruction that will be left in their wake, but who don't care.

How does this happen... gradually, over time, as the psychopathology of finance capitalism takes hold.  We are here X.

Mon, 01/16/2012 - 19:09 | 2069636 akak
akak's picture

Speaking of finance, the markets and psychopathy, I have to alert JS Kim, and the readers here, to the vehement and disgusting anti-silver, anti-ZeroHedge propaganda being disseminated by the Jon Nadler of silver himself, blogger (and former ZH member) "Kid Dynamite", as well as Brian O'Flanaghan and several others, on their website "Screwtape Files".  After reading several blog entries and associated responses there, I felt like the need for a shower, so soiled with dishonest, malicious, anti-PM propaganda had I inadvertently become. 

Mr. Kim, you may be interested in some of the vile and malicious aspersions cast against you by those silver-hating trolls, in which you are accused of, among other things, having bribed Tyler Durden to post your supposedly self-serving articles here on ZeroHedge. 

For those with a strong stomach, or who have previously been at least partially inoculated against vicious anti-PM propaganda via having previously read Jon Nadler's trash, here is their latest piece of lies and filth:

"Is someone paying Zero Hedge to post propaganda?"

http://screwtapefiles.blogspot.com/2012/01/is-someone-paying-zero-hedge-...

Tue, 01/17/2012 - 09:34 | 2070656 Jeanne dArc
Jeanne dArc's picture

Atak: "so soiled with dishonest, malicious, anti-PM propaganda had I inadvertently become"

Really? I mean, really? The overwhelming majority of articles at the site are positive about gold and silver as investments, and most of the contributors are long on both metals (I certainly am). Look at the latest post, for example, which is extremely bullish about gold:  http://screwtapefiles.blogspot.com/2012/01/rsi-gold-corrections.html 

It is true that we question the many memes pumped out on to the web about silver, and question the motives of those who are doing so. But that is because we are not prepared to blindly accept demonstrably disprovable 'facts' that are pushed on us. We do the same for MSM memes too. So that does not make us shills for either the silver haters or the silver promoters.

It makes us objective.

Mon, 01/16/2012 - 09:57 | 2068373 falak pema
falak pema's picture

Business Schools : the great T-hatchery of Brave NEW World of the Corporate Welfare state; Iron lady, that Lenina Crowne, icon of feminist corpocracy in this age. Mustapha 'Obammy' Mond will want her as running mate next time round, as she is true blue blooded political stock, Yale and NY Senator, and wife of ex-Potus, She dreamt of being America's Iron lady...!

What's new in this world that the sharpest minds of literature and philosophy have not already revealed?

in their own name, not in name of some IDEALISED dogmatic God...that's the beauty of Secularism and its inevitable fatality; as the Zero Hedge motto so aptly says it : On a long enuff time line... But then life has to be reinvented by each generation, so whats the problem if we all end up as dust in Dodge.

Oh for critical minds to teach us the truths of Enlightenment now long forgetten in the service of Corporate quartely reports, and the DJIA. And the NEW GOd of America since Reaganomics reigns; the USD hegemony of exorbitant privilege and bubble Madoffonomics.  You'd think its been ordained a perpetual machine by the Oligarchical NWO, thanks to financialised synthetic tools of never ending fiat creation.

Happy days...behind us, what lies ahead? Ask the Controller of HAtchery!!! And his battalion of mindless clones, all coming out of those B Schools.

 

Mon, 01/16/2012 - 08:46 | 2068322 Pay Day Today
Pay Day Today's picture

I don't get this post. It seems to say that Business Schools don't teach students anything effective relating to today's capital markets. Wrong. I say that Business Schools have taught hugely damaging, incorrect and narrow curricula and perspectives, the combination of which has actively helped to destroy the real economy. MBAs and finance types have destroyed more real value and more real wealth than they can ever hope to create.

Mon, 01/16/2012 - 10:50 | 2068492 Fiatfan
Fiatfan's picture

+1 Green for accurate technical understanding

-1 Red (although I did not actually click the button) for missing a basic literary writing technique.  

Bottom line, like spelling, while I appreciate it good writing and the subtlety of literature...raw technical understanding trumps it every time!

I assign you to read and try to appreciate the variations of literature. :-)

Mon, 01/16/2012 - 15:24 | 2069185 Pay Day Today
Pay Day Today's picture

Ahhhhh :)

Mon, 01/16/2012 - 08:56 | 2068333 my puppy for prez
my puppy for prez's picture

I think you must read between the lines of Mr. Kim's article....that is EXACTLY what is implied! 

Nuance is a lost art in America today.

Tue, 01/17/2012 - 01:05 | 2070204 Fedaykinx
Fedaykinx's picture

while i don't disagree in context, in general, i think saying what you mean and meaning what you say is in shorter supply.

Mon, 01/16/2012 - 08:19 | 2068291 Canucklehead
Canucklehead's picture

Here are a couple of links to Paul Garrison's talk at a 2010 TED conference in Hungary:

http://www.ted.com/tedx/events/1256

http://dotsub.com/view/90c9d651-969f-43de-b771-d17f477a92a5

hat tip to http://andorjakab.blog.hu/

Mon, 01/16/2012 - 05:37 | 2068185 StychoKiller
StychoKiller's picture

Mmmm, Red Pills...

Mon, 01/16/2012 - 21:30 | 2069845 mtomato2
mtomato2's picture

Dog biscuit = iPad

Mon, 01/16/2012 - 10:40 | 2068475 Pladizow
Pladizow's picture

.

Do NOT follow this link or you will be banned from the site!