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To The Class Of 2015 – You Chumps!

Tyler Durden's picture




 

By Bill Bonner of Bonner and Partners

To the Class of 2015 – You Chumps!

Gualfin (“End of the Road”), Argentina

 

Dear Diary,

 

A long, long time ago
On graduation day
You handed me your book
I signed this way

“Roses are red, my love
Violets are blue
Sugar is sweet, my love
And boy are we screwed”

 

– With apologies to Bobby Vinton

Last year at about this time, we waited for the phone to ring.

Not calling were thousands of universities in need of someone to give the annual commencement speech.

Every year, we prepare an appropriate graduation speech. And every year, with the unanimous accord of America’s institutions of higher learning, we do not give it.

With six children who have gone to college, we have heard more than our share of these speeches. They are almost always dull, embarrassing, earnest and trivial.

The University of Virginia had a TV newscaster. St. John’s College had socialist philosopher Cornel West.

We can’t remember the others – most likely because they had nothing memorable to say either.

Class of 2015: The Most Indebted in History

It is unlikely that we would ever be called upon to give a speech to graduating students. But if we were, we would say the following: Congratulations, Class of 2015: You chumps!

The Wall Street Journal reports that you are the most indebted generation in history.

The average graduate with student debt has a little more than $35,000 of it. The whole bill for student debt this year is expected to reach $68 billion – a tenfold increase over the last 20 years.

That may seem like a lot of money. And big numbers get reported in the headlines along with the celebrity news.

But student debt is like the foul smell of gangrene: It testifies to a deeper, inner corruption.

We are now 25 centuries after Pericles and Socrates. But today, the typical university has no more interest in learning than a rat terrier or a congressman.

Our government is a disgrace to honest democracy, if there were such a thing; it is a scam and a deceit.

Rich, powerful special interests wager billions of dollars on hollow puppet candidates, knowing their investment will pay off hugely if they are successful.

Our money system is an elaborate fraud, too. It steals from laborers, merchants and artisans and rewards speculators, insiders and layabouts. The entire system is sick and dysfunctional

But you probably have no idea what we’re talking about, because you’ve just spent the last four years of your life – and paid a fortune – so you could avoid learning about it.

Victims of the System

If you’ve studied the sciences or engineering (especially petroleum engineering, according to a study done by Georgetown University) maybe you’ll be able to earn enough to pay back your student debt.

But most of you have wasted your money with degrees in subjects that won’t help you understand the real world we live in or earn an extra dime in it.

Many of you have spent the best years of your lives… and borrowed a fortune… to learn things that aren’t true.

History, economics, government, politics – for every useful and truthful insight you may have learned, there are probably 100 more that were buried under claptrap.

There’s a big difference between the real world and the world of a college student. The real world is grittier, harder to understand, more cynical than you can imagine.

And it’s big.

The world of academia is much smaller. There are the well-defined limits of the school… the limits of the work… limits on student conduct.

There are also tests – and they are limited too. Generally, you know when the tests are coming… what they will cover… and what you have to do to succeed at them.

In real life, if there are any limits, you don’t know where they are. You never know when you’ll be tested. Often, you can be in the middle of a major test and not know it. You don’t know what you need to do to pass either.

And you surely don’t know this: You are being tested right now. You are now confronted with a problem you probably have never thought about. But it’s one that could ruin… or at least greatly impair… your entire lives.

You are victims of a system set up before you were born. The benefits of that system, such as they are, go to your parents and grandparents.

But you have to pay for it.

You’ll find it hard to keep up with the payments. As a result, it is unlikely you will be able to enjoy the material wealth and freedom of action that we, your parents, took for granted.

A Lifetime of Debts

You may know this already… but as economist Laurence Kotlikoff told the Senate Budget Committee in February, when properly accounted for, Washington has racked up more than $210 trillion of debt that you will have to pay… and pay… and pay for all your lives.

That is the money that will go to fund programs that were voted on before you were born.

It will also pay for retirees and sick people… people who your government sent to Vietnam, Iraq and Afghanistan to get their legs blown off… people who got sweet union contracts from their city and state governments… and people who have learned to game the system.

None of these bills are for things that you had any say in. Many of them were a waste of money from the get-go. Some were a curse. But – good or bad – you’re supposed to pay for them.

And that’s just the first toke…

Now, at least you are getting free of the education industry. Now, you can go out beyond the campus and take a deep breath in the real world.

But watch out, you may choke on the foul air…

* * *

For the dramatic conclusion of “To the Class of 2015” read here.

 

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Sun, 05/17/2015 - 11:21 | 6102862 Bemused Observer
Bemused Observer's picture

Why is anyone going to college these days?

What job should you train for? What decent-paying jobs are NOT likely to be obsolete by the time you graduate with a shitload of debt?

How can students train for "the jobs of the future" when they don't know what those jobs will BE?

And what about those jobs? Tech has given us many things, but it hasn't been all that great for the jobs picture. These new companies require fewer and fewer actual employees, and the industry has been laying off thousands in recent years. A company with a valuation of a billion dollars can have a couple dozen employees, and isn't going to be mass-hiring anytime soon. (And lest anyone accuse me of being a Luddite, remember that all those displaced buggy-whip makers WERE able to be absorbed by all the existing and new industries after car factories sprang up...who is going to absorb all of OUR displaced "buggy-whip makers"?)

If college is just a very expensive lottery where you pay, and maybe you get a shot at winning one of the few positions out there, and everyone else goes to work at Starbucks and drowns in debt, well, it may become a harder sell in the future..

Sun, 05/17/2015 - 11:35 | 6102891 DutchBoy2015
DutchBoy2015's picture

Thats right,  just stop eating paying rent and live in a tent and pay it off fast on your minium wage job.

Sun, 05/17/2015 - 11:42 | 6102919 DutchBoy2015
DutchBoy2015's picture

3 months working at the Mustang Ranch and you will be debt free.  

Sun, 05/17/2015 - 11:56 | 6102950 homiegot
homiegot's picture

I blame the parents of these kids.

Sun, 05/17/2015 - 14:06 | 6103290 homiegot
homiegot's picture

The kids are obviously too naive to see what they are getting into. Failure of the parent to set them straight.

Sun, 05/17/2015 - 12:13 | 6102957 obimk2
obimk2's picture

I just figured it out:

 

The US needs a new war: 'The war on students who not pay their debt'

 

Garantueed income for your privatized prisons, and it would just be not honest to rob them from this profit oppertunity!

 

/S

Sun, 05/17/2015 - 12:08 | 6102978 two hoots
two hoots's picture

Not near so innocent as suggested.  This was college not grade school???

Sun, 05/17/2015 - 12:12 | 6102996 _SILENCER
_SILENCER's picture

I had to go the the Pepperdine University psych school post grad ceremony yesterday.

The main speech was a older, white guy vomiting a  lunatic liberal asshat rant that basically said all you white people are racist. Feel guilty. Hate yourselves.

Couldn't goddamn believe it.

And almost none of the graduating class was white. College is just a propaganda, social engineering, debt fuelled shit machine.

 

After that lesson in stupid we went to see Mad Fucking Max and rolled around in all the glorious, over the top crazy of that movie. I can get behind that Fury Road shit.

Sun, 05/17/2015 - 15:33 | 6103528 not a yahoo
not a yahoo's picture

Thanks for keeping us informed on how we can be expected to be treated by the fresh ones.

Also went to see Mad Max yesterday and I'm with you

Sun, 05/17/2015 - 12:12 | 6102997 Ted Baker
Ted Baker's picture

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Well I went to a top University - have a first class degree in Mathematics, a Masters in Applied Maths and then did a PhD at Oxford University - all free of charge 

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

I am 42 years old and retired

Sun, 05/17/2015 - 12:34 | 6103043 Clowns on Acid
Clowns on Acid's picture

Oh you are sooo cool Ted.

Sun, 05/17/2015 - 12:37 | 6103047 Pliskin
Pliskin's picture

I am 39 years old have 2 succesfull businesses, live in Asia with my wife (of 15 years younger) regularly fly to Singapore and Japan for business (and Whoring) have a large amount of money saved for my daughters education and I drive a Cayenne Turbo S...and I have NO degree, left school a 16...

Oh, sorry, I thought this was a pissing contest?  

Fuck off with your degree.  It means nothing.  Unless it keeps you warm when you're homeless.

I don't need no education, I don't need no thought control.

And I certainly don't need no government badges.

What was your point again?

Sun, 05/17/2015 - 12:37 | 6103048 DutchBoy2015
DutchBoy2015's picture

You are 42 years old and retarded?   I guess you didn't hear me.  I said  2 Big Mac's, fries and NO I don't want a hot apple pie with that. 

Sun, 05/17/2015 - 12:46 | 6103069 DutchBoy2015
DutchBoy2015's picture

Ted, whats the square root of 144?   12 , you say?  Wrong,Dumbo. roots are round not square. 

Oxford, my ass,  ROFLMAO.  

Sun, 05/17/2015 - 12:50 | 6103081 DutchBoy2015
DutchBoy2015's picture

Ted, how much is  a second class degree in maths?  I can't afford the good stuff.

Sun, 05/17/2015 - 12:53 | 6103090 DutchBoy2015
DutchBoy2015's picture

Ted , is it true all men that attend Oxford are shirtlifters and poofters? 

Sun, 05/17/2015 - 13:04 | 6103113 gwar5
gwar5's picture

So your dad was a successful plumber and you went to Oxford, PA? Good on ya.

Sun, 05/17/2015 - 17:35 | 6103810 RichardParker
RichardParker's picture

Your education was not "free".  UK citizens are taxed every which way.  Take a look at your cost of living.  Enjoying your VAT?  Like your socialized medicine? How about your national insurance tax? In 2008 it was about 19% of total tax receipts at 105 billion pounds.

Here are some more random examples; London congestion tax, income tax, bought a pack of cigarettes there lately?, remember the television tax?  Take a guess what happens if you fail to pay your property taxes...

Why do you think skilled people leave the UK while "asylum seekers" and third world immigrants arrive to go on benefits?

Sun, 05/17/2015 - 12:21 | 6103022 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Been there, done it, got the T-shirt, and the Bankruptcy too!

 

And now, ladies, and gentleman, it's payback time in financial Hell.

Sun, 05/17/2015 - 13:07 | 6103123 TeethVillage88s
TeethVillage88s's picture

There is a Big 'Hairy' Pig Carcass filled with nutritious nectar that is the USA. This Pig Carcass is emblazoned with Tattoos of Lightning shafts, stars of gold, and encrusted with Rock Salt. We put it in the Roasting Pit on Hot Rocks covered it with Banana leafs, wound it up with wire to hold it together for 8 hours while it cooks.

But there are Fire-Proof Varmints or Rats that live in this land... These Rats are eating our Pig that is our lands Bounty. The delicious nutrients of the Pig Meat are disappearing each and every minute.

The 'nectar' that is America is being Drained. That which feeds and sustains us is being Drained from the Carcass.

Households are leaking. The Economy is Leaking!

S/

So please share this with the other little boys and girls who Graduated this year from College, University or even High School.

LOL

Sun, 05/17/2015 - 12:44 | 6103065 Chuck Knoblauch
Chuck Knoblauch's picture

The best major is a foreign language.

Borrow, get your degree in a foreign language, then move outside the US.

Sever all ties.

Sun, 05/17/2015 - 12:58 | 6103099 DutchBoy2015
DutchBoy2015's picture

Damn you figured out how I did it.

Sun, 05/17/2015 - 13:04 | 6103117 DutchBoy2015
DutchBoy2015's picture

You have to get more detailed.  

A. Get degree in foreign language

B. Learn a skill (i.e electrical engineer).

C. Max out all Credit Cards and buy everything you can that won't be obsolete for a few years.

D. Go online and chat up a nice woman in country of choice

E. Make her fall madly in love with you.

F. Buy airline ticket using the Credit cards

G. Marry the woman of your dreams 

H. Renounce US citizenship

I.  Sever all ties and send letter to banks to just FUCK OFF!!

Sun, 05/17/2015 - 14:56 | 6103426 TeethVillage88s
TeethVillage88s's picture

Hey why didn't you move to Nederland Antillies Islands. You know Aruba, Bonair, Curacua, ABC Islands??

I guess you like Europe or have a Job there in Nederlands.

Maybe my Generation thinks more about living in Islands or Third World.

But then maybe I just need food, drink, and a computer with internet to get through the day.

Hey Dutchboy;

Did George W. Bush come through Nederlands and send his henchmen to talk to your people about cleaning up the Red Light Districts, the Mushroom Sales, and Coffee Shops??

I know Dutch people outside of the Tourist Areas are conservative... just seemed like as soon as Bush Sent people over there Amsterdam closed down half of the Red Light District.

Sun, 05/17/2015 - 15:29 | 6103516 DutchBoy2015
DutchBoy2015's picture

I am retired and live in the Rhine Valley, about 45 minutes from A'dam. Haven't been there in 3 years and have no desire to.  I don't know about Bush but I do know he visited Maastricht and tied up 4 autobahn interchange at rush hour.  People were livid.

Sun, 05/17/2015 - 15:36 | 6103546 TeethVillage88s
TeethVillage88s's picture

American politicians are so arrogant, they visit a place and make political speeches on their own agenda without connecting or being interested in any of the people.

They might as well be kings or Prime Ministers with their noses in the Air asking for War.

Sun, 05/17/2015 - 12:49 | 6103079 fremannx
fremannx's picture

The debt these kids owe the will never have to pay back... because they won't be able to. The stock market is on the verge of collapse. Days at the most...

 

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...

Sun, 05/17/2015 - 13:04 | 6103118 I Write Code
I Write Code's picture

Oh get over yourself.  $35k is about six months salary for the kind of job a newbie college grad should be able to get.  It's about the same percentage of things that I left school with mumble decades ago, and didn't think much of it.

I got it paid off in about five years, a little ahead of schedule, which was probably a dumb idea actually since the interest rates were below inflation and tax deductible but I was still young and foolish.  Of course the economy is all batshit now and too many college grads get nothing for their sheepskin, but that's another story.

OK, I'd also gone to an expensive private school, if I'd gone to one of the much more common public universities I would have had less debt than that, so the fact that the average is now so high maybe is a sign of something - mostly that the taxpayers aren't supporting higher education the way they used to.

So yes, in real life there's an issue, but in itself it's only a secondary sign of the real problems.

Sun, 05/17/2015 - 13:12 | 6103144 Luther van Theses
Luther van Theses's picture

It wasn't always like this.

Two generations ago much less had to be borrowed. Public colleges and universities got much the greatest part of their funds from government. Many still had to borrow but they got out with something like a car loan, and job opportunities were much better.

Now the money is provided the other way around. Even in public institutions the great bulk of funds is now obtained from tuition and fees. Students have to borrow much more. They get out with something like a mortgage loan.

Why? To give financial companies a way to lend all that capital at a higher rate than could otherwise be found! It's another instance of the bubble economy.

Sun, 05/17/2015 - 15:11 | 6103454 ZD1
ZD1's picture

No, public colleges and universities still get most of their funding in the form of federal subsidized loans and grants most of which will never be repaid by the borrowers and will be repaid by the TAXPAYERS. 

Sun, 05/17/2015 - 13:19 | 6103159 gwar5
gwar5's picture

When I finished in 1986 I had $120,000 USD student debt. It was the equivalent of $250,000 today. It was very daunting discouraging. They had just changed the law so you could no longer write off the interest on loans.

 

I persevered, did well, and got creative to pay them all off. But it still took me almost 20 years with a professional degree. None of these kids are going to be able to payback their loans because there are no jobs. Any available jobs that come up in the new economy aren't going to pay enough.  .

Sun, 05/17/2015 - 13:22 | 6103166 DutchBoy2015
DutchBoy2015's picture

You know how much a kilo of heroin can be cut down to?  

Think outside the box and be an entrepeneur.

 

Sun, 05/17/2015 - 13:20 | 6103163 DutchBoy2015
DutchBoy2015's picture

I think some of the women in college get a degree in sport fucking because they see how many jocks they can fuck.

Then after graduating they are ready for the big leagues.

Sun, 05/17/2015 - 13:20 | 6103164 Klemens
Klemens's picture
If the West Falls . . .: Globalization, the End of America and Biblical Prophecy http://www.amazon.com/If-West-Falls-Globalization-Biblical/dp/144972180X...

a very good book! I think it don`t take a long time, than the West will Fall.........

 

Sun, 05/17/2015 - 13:24 | 6103172 DutchBoy2015
DutchBoy2015's picture

I don't read Buybull fairytales.

Sun, 05/17/2015 - 13:22 | 6103170 Polymarkos
Polymarkos's picture

Still paying on my stoodint loans. Gradjiated in 1998. Useless degree.

Sun, 05/17/2015 - 13:30 | 6103180 DutchBoy2015
DutchBoy2015's picture

Looser  ...peeples bash me for my spelli but its not impurtant.  I know the right spellin is LOSER.  but I like looser better.  I gots me lots of tats all over my neck and shit, also,  Ready to be hired at big company for big bucks.  

Sun, 05/17/2015 - 13:30 | 6103185 RabbitOne
RabbitOne's picture

It’s time for a new political party in America called the Anti party to stop waste like student loans. A rep or senator in the Anti party will vote Anti (no) for all public $$$ waste. If they fail to do our will they will be locked in a room for the remainder of their lives listening to Hillary Clinton speeches…   

Sun, 05/17/2015 - 13:37 | 6103211 yogibear
yogibear's picture

Wall Street banksters love debt slaves. Their a perpetual source of profits.

Sun, 05/17/2015 - 13:45 | 6103233 yellowsub
yellowsub's picture

Your de-education program starts the moment you enter public schools.  The morons are the tax payers singing praises for the teachers that continue perpetuate the cycle along with everyone else.

Newark's $1 billion school budget would do much good instead of being wasted on students with no future.

Sun, 05/17/2015 - 13:50 | 6103242 DutchBoy2015
DutchBoy2015's picture

Ask anyone running the counter at a fastfood joint  ''Do you know what 2 plus 2 is?

They look at the terminal screen and push in the numbers  ''Yes thats 8.95 for 2 happy meals.''/

Enjoy your meal and have a nice day ''  

 

Sun, 05/17/2015 - 14:02 | 6103274 Manipuflation
Manipuflation's picture

Since so much has been made of student loan debt of late I have a theoretical question to ask.

OK, you just graduated university with X amount of debt.  We know the debt is not dischargeable through bankruptcy but what about doing the following:  Find a somewhat reasonable paying job or even a low paying job and establish credit.  Apply for gas cards and such with low limits and use them but pay off the balance every month for a while.  Then start only paying the minimum for a period of time even though you are paying interest.  Never run a balance over a couple hundred dollars but run a small balance.  Start applying for credit cards as you receive the offers.  Start using them and alway leave a small balance that you will pay interest on.  Then you will get more credit card offers.  Do the same thing with those for a while.  Eventually the platimun offers will show up pre-approved with better interest rates and high credit limits.  At this point transfer you student loan debt to your credit cards and THEN declare bankruptcy.  

I am not saying this is a good idea but is it possible to discharge student loans this way?  I can't see why not because now the student loan debt is credit card debt.  You would have to live in Mom's basement for a while.  I know that it would ruin anyone's credit of course which may affect getting a good job but since there are not many good jobs who cares?  I am pretty sure that this can be done and all it is are digitz anyway.  Sure it would take a few years to do but what is better, a lifetime of debt or five to ten years of bad credit?  When you are 25, and 100K in debt at interest, you really don't have much to lose and time is on your side.

If everyone started doing this could you imagine the bond yield curve shift on the issuing financial institutions?  Repeat 2008.

I have no debt so I am not doing this.  Purely theoretical. 

Sun, 05/17/2015 - 14:07 | 6103297 DutchBoy2015
DutchBoy2015's picture

Good thinking.  I know a German guy who played that game , had 3 or 4 bank accounts and got loans and always paid  on time sometimes paying one with another.  Minimum payments.   Then he asked for larger credit line and did the same.   Long story short he timed everything perfectly and made one HUGE withdrawal of all funds and fly off to Brazil where he married a woman he was corresponding with.

The germans tried to prosecute him for fraud but he did nothing wrong.  The banks willingly gave him the money,  

Brazil has no extradition with Germany.

 

Sun, 05/17/2015 - 14:07 | 6103298 DutchBoy2015
DutchBoy2015's picture

Good thinking.  I know a German guy who played that game , had 3 or 4 bank accounts and got loans and always paid  on time sometimes paying one with another.  Minimum payments.   Then he asked for larger credit line and did the same.   Long story short he timed everything perfectly and made one HUGE withdrawal of all funds and fly off to Brazil where he married a woman he was corresponding with.

The germans tried to prosecute him for fraud but he did nothing wrong.  The banks willingly gave him the money,  

Brazil has no extradition with Germany.

 

Sun, 05/17/2015 - 14:19 | 6103332 DutchBoy2015
DutchBoy2015's picture

Having bad credit is NOT a bad thing .  People are conditioned to being debt slaves.  Saving and buying CASH is best. Like the old days.  But people want STUFF NOW!! 

Sun, 05/17/2015 - 14:21 | 6103341 DutchBoy2015
DutchBoy2015's picture

Seeing as you are married to Russian wife, WTF are you doing in the states?  Max out all CC's and gather all cash and get over to Russia?  I wouldn't move back to the USA for a million bucks.

Sun, 05/17/2015 - 14:21 | 6103342 DutchBoy2015
DutchBoy2015's picture

Seeing as you are married to Russian wife, WTF are you doing in the states?  Max out all CC's and gather all cash and get over to Russia?  I wouldn't move back to the USA for a million bucks.

Sun, 05/17/2015 - 14:08 | 6103292 clade7
clade7's picture

Say what you will, you gotta love that guys hat!  Big 'Throne' fan here, in fact I made up my own lyrics to the opening soundtrack...much to my Wifes chagrin!

"There is a little dwarf here you will meet, you will meet, you will meet, you will meet, He gets more ass than a toilet seat!, toilet seat, toilet seat, toilet seat! ...There is a hot blonde sexy bitch!, sexy bitch, sexy bitch, sexy bitch!..she can suck the chrome off a trailer hitch!, trailer hitch, trailer hitch, trailer hitch!..." 

Try it tonight on the intro, its fun and very apropo!  Juvenile perhaps, simplistic, sure!...super easy though and just flows...by gosh I would hate to be Theo Grayjoy(reek) with his dick cut off and all! 

Sun, 05/17/2015 - 14:31 | 6103363 2hangmen
2hangmen's picture

We had dinner last night with a young lady who just finished her soph year at a Big 10 university. She had started in Accounting--possible future employment. However, she is now in Women's Ethnic Studies and loves it. She had no finals this semester, only had to write term paper for these classes. In one class, the paper was limited to no more than 4 pages. She had us read this paper. My wife and I later commented that this reminded us of our past school expectations-7th grade expectations. We are afraid the only thing of value this young lady will graduate with are good excuses why she is now unemployable.

Sun, 05/17/2015 - 14:38 | 6103368 DutchBoy2015
DutchBoy2015's picture

You want a diploma?  Buy a hi end printer and some fancy diploma paper and get busy.

90 percent of people hired never get backgrounds checks.

Just some advice for interviews.    Don't EVER say you want a job. Say you want to WORK

Also, keep your C.V, to a minimum.  I have seen bosses toss out anything over 2 pages.

 

Oh, and LOSE the TATS, or better yet, do NOT get any. If you think they are cool, you will be surprised you won't be hired by any mulitnational company thats worth a shit.

Sun, 05/17/2015 - 14:40 | 6103391 Jack Burton
Jack Burton's picture

" you’ve just spent the last four years of your life – and paid a fortune – so you could avoid learning about it."

So true! When family and friends graduate and I visit campuses to watch them graduate, to meet and greet at after ceremony parties, I am hard pressed for any intelligent, informed, critical conversation. I have engaged a few professors like a "Mass Media / Communitcations Professor". He teaches about Main Stream media, and does not know that it is corrupt and inflitrated by the CIA! Even past CIA directors have SAID they have hundreds of agents and editorial bosses in media as their agents!And a German media worker just confirmed the system exists into Europe!

If these kids and professors can't get it up for an intelligent conversation, what does four years get you?

Sun, 05/17/2015 - 14:47 | 6103402 DutchBoy2015
DutchBoy2015's picture

From age 18-22 I spent 3 years working in Madrid Spain and worked in France and Germany.  More education in those 4 years than a college degree.  I read and learned on MY time.

When I was a younger I used to read the World Book encyclopedia and look at the photos and then wished I could visit those places and wound up DOING exactly that.

Sun, 05/17/2015 - 14:51 | 6103413 Jack Burton
Jack Burton's picture

DutchBoy, I did the same in school, I ran off and hid in the library reading books and the entire encuclopedia. My grades sucked, but my yearly test showed high performance.

Sun, 05/17/2015 - 14:54 | 6103420 DutchBoy2015
DutchBoy2015's picture

LOL,., I always hated when someone told me you HAVE to do this.  Just naturally rebellious.  My older brother got straight A's and had almost genius IQ.   The teachers said I was actually brighter than my brother but didn't apply myself.

Sun, 05/17/2015 - 14:49 | 6103406 Jack Burton
Jack Burton's picture

" History, economics, government, politics" All this can be learned just by reading books, or using the internet. I took a history class where I already knew 10 times more than the professor, but I had no Credits in the subject! Thus I had no standing. Same with foreign language. I taught myself a fluent foreign langauge, yet I have no credits. Thus I have no standing. Though I attended a university sponsored seminar on the language, and found my head teacher spoke the langauge with a very heavy American accent, sounding foolish. I trained my accent away, and adopted the real accent. She of course has all the credentials, I have none. Thus I have no standing.

Univerities control standing. They must accredit you. Thus I can get no paid translation work. I can do all the work, to anyone satisfaction, but without a university saying "I am accredited in the language" I am unable to practice my skills. Though I do black market teaching and translations for people who want old letters and documents translated, relating to their families in the old country.

America respect college credits, not knowledge. A badly speaking and lower level vocabulary gives that woman a higher position than me, because I have no credits, only the knowledge. This is how universities strip mine money, you must learn through them, for a fee, or you are unemployable.

Sun, 05/17/2015 - 15:02 | 6103447 DutchBoy2015
DutchBoy2015's picture

Exactly.   You know how I learned Spanish?  When living in Madrid, I used to go out with girls who didn't speak a word of English.  By pointing at objects , you soon learn  and I learned to speak with Castilian accent.   LOL  Of course Dutch was my mother tongue and I 'learned''English when we moved to USA but I never consciously remember learning English.  They say a 5 year old kids brain if having to learn a new language can forever learn new languages later in life.  This is true. 

After 3 years in the USA my older brother won the Chicagoland Area Spelling Bee . 

Sun, 05/17/2015 - 15:06 | 6103456 DutchBoy2015
DutchBoy2015's picture

there is a higher form of learning called ABSORPTION.  This is learning subconsciously as you travel and see and experience things.   You CANNOT get that from a book

Sun, 05/17/2015 - 16:15 | 6103657 Clesthenes
Clesthenes's picture

The word you are looking for is, ‘wisdom’: you learn this by experience.  And experience/wisdom is a function of time – if you have an open mind, that is.  It is, therefore, not available to the young, the idle or the brain dead.

And, true: college is mostly a waste of time: something you have to unlearn before you become useful.

I attended college for two and a half years before I realized that a college degree and a college education were two different things.  So, I quit and my education, I’m sure, will never end.

Sun, 05/17/2015 - 15:08 | 6103462 DutchBoy2015
DutchBoy2015's picture

I went into the aviation field and got ''accredited'' by the FAA.

I have NEVER had an employer ask me if I had a college degree. and my jobs in aviation have paid very well (especially after leaving the USA).

Sun, 05/17/2015 - 15:08 | 6103463 DutchBoy2015
DutchBoy2015's picture

I went into the aviation field and got ''accredited'' by the FAA.

I have NEVER had an employer ask me if I had a college degree. and my jobs in aviation have paid very well (especially after leaving the USA).

Sun, 05/17/2015 - 15:12 | 6103474 DutchBoy2015
DutchBoy2015's picture

My last job before retiring was flying for a VIP outfit  flying Heads of State.  One of the things that got me the job was I spoke fluent German.  The Pilot and Co-Pilot spoke fluent French.  Both were necessary because we flew around Africa a lot. and English and French are the main languages.  Also to Berlin and Paris .

Sun, 05/17/2015 - 16:01 | 6103615 WTFUD
WTFUD's picture

A degree in tactical warfare is a sound investment for the future. s/c

Sun, 05/17/2015 - 16:04 | 6103621 Clesthenes
Clesthenes's picture

“The average graduate with student debt has a little more than $35,000 of it.  [Total for] this year is expected to reach $68 billion…”

And, this only mentions a tiny fraction of the debt laid on them… and even on those who never attended a university.

The total debt waiting to be laid on them adds to something like $350,000,000,000 (that’s, ‘trillion’).  You don’t’ have to take my word for it.  This is what you get if you de-confuse financial reports of the US Government, using their data, assumptions and formulas.  Their assumptions, incidentally, are extremely optimistic; more realistic assumptions would probably push the total well over half a quadrillion. ( Bad News… and Confessions…)

The measure and means of this debt is governmental debt: the means by which an existing generation of tax consumers imposes confiscatory taxes on following generations of tax payers.

It is nothing less than financial cannibalism.

It is stark testimony of that ages-old dictum that taxes are always laid on the weakest members of society: children… and the unborn; for they have no voice – and no one to speak for them, except, possibly, a few dozen men on this planet.

Sun, 05/17/2015 - 16:06 | 6103630 CultiVader
CultiVader's picture

Here we go again. A degree is an investment. Due diligence and foresight required. In my case, I was paid to earn my degree in this class of 2015. Zero college debt. Netted approx. 8k cash because of savvy. Will receive another 1500 cash this month as a scholarship winner. Only the ignorant or lazy will screw themselves under the current system. Yes, it's a vicious predatory circle between the govt and schools. Don't be a sheep and you can come out ahead.

Sun, 05/17/2015 - 16:18 | 6103662 rejected
rejected's picture

Without getting deep into the politics as how the politicians have screwed us all, The greatest gen, Boomers, X'ers and Millennials and whoever else we'd like to carve up into a group,,, there are four main problems. They Are:

 Offshoring.

 Onshoring.

 DegreeFlation

 Legal/Illegal Immigration.

The first reduced dramatically the demand for the educated as well as the skilled. For every production job leaving four to five more support jobs went with it.

The second was the importation of cheap labor for the high tech jobs that Americans were promised to get after college and/or retraining.

The third reduces the value of the degree (like monetary inflation) as more and more are graduating. More of anything makes something worth less.

The fourth eliminates the third tier jobs and along with it survival until better employment can be found.

 

All of these problems were caused by Multi National corporation (Industrialists in my day)  and government working together to create their new world.

For the corporations... very cheap labor.  Big bonuses at home.

For the government... POWER as DC-crats envision they will be head honcho's of the new power structure.

All the four problems can be eliminated just as they were created. Old school tariffs and a government concerned about its citizens rather than an empire might be a nice start. Some scoff at tariffs as being unfair and costly. Well, I suggest these supposed 'free trade' treaties have accomplished something worse. Half a world unskilled and unemployed while the other half are enslaved to the corporations and all of us are low life plebs to the power structure.

At present we have many that try to shift blame, as this article does, and use the animosity created to generate more wealth for themselves. 

But the bottom line is.........Always remember who the enemy is.

Sun, 05/17/2015 - 16:34 | 6103702 kchrisc
kchrisc's picture

To the Class of 2015: Better get your ReadyReserve application in soon.

Liberty is a demand. Tyranny is submission..

 

Practice this while looking as straight faced and believable as possible: "We only desire your guns and gold for the protection of you and the people." This, "You must surrender your guns, but government will protect you as they have always done." Or, "You are to be resettled for your protection."

Sun, 05/17/2015 - 17:03 | 6103776 TeethVillage88s
TeethVillage88s's picture

Resettlement in the Middle East makes sense to me.

I have the impression that PNAC has been trying to Redraw the Map Lines of the Middle East through it's wars with Syria, Libya, Yemen, Somalia, Iran, Iraq.

Seems like Jordan, Turkey, Israel, Saudi Arabia, UAE, Qatar, Bahrain have been assisting in this. But this is a lot of Territory for such an Ambitious Plan.

Sun, 05/17/2015 - 17:05 | 6103780 DutchBoy2015
DutchBoy2015's picture

Israel controls USA. not vice versa.

Sun, 05/17/2015 - 16:52 | 6103752 kchrisc
kchrisc's picture

"Congratulations, and welcome to Zion. Good, I see that you already have your plow and yoke. Now, strap them on and get to work. 'Zion waits for no man to pay.'"

"And as a warning: Learn where the fences are. You can't see the fences, but never go near the fences."

Liberty is a demand. Tyranny is submission..

Sun, 05/17/2015 - 16:58 | 6103767 TeethVillage88s
TeethVillage88s's picture

I thought we were sending 10 Million to the kibutz' in Israel, 2 Million to Homeland Security, 2 Million to Regular Military Duty in Stations around the world, 1 Million to Secret Spy Agencies & their Corporate Contractors, and full 3 Million will find themselves in World War III.

Sun, 05/17/2015 - 17:45 | 6103875 kchrisc
kchrisc's picture

Your comment highlights something important:

Before I became Zion aware last summer, I could, because of extensive knowledge of history and economics, predict that things would end very badly for America and we Americans.

Now that I understand that the DC US is controlled by and on the behalf of Zion, I can predict that things will be much, much worse for Americans and America than even I can fathom.

This is born out by Zion's purging of the military, especially in the nuclear arms areas.

Liberty is a demand. Tyranny is submission..

 

Something hellish this way comes, as the wicked are already here amongst us.

Sun, 05/17/2015 - 19:27 | 6104135 TeethVillage88s
TeethVillage88s's picture

Yes I was counting the successful coups in US Presidential Elections again today. Going back to 1980, that is 9 Elections, 9 Coups.

I'm guessing they will 'Rotate' back to a Republican President in 2016.

But it is scary. And looking at the Current Account Balance... the Geopolitical, Realpolitik, National Security Advisers must have been furious when we left Vietnam and found we didn't have the funding for endless war. But the figured it out by 1976 When they were Frustrated by Jimmy Carter Taking Office... or perhaps when they signed the Deal for the Petro-Dollar with Saudi Arabia.

USA was going to trade Military Security as the Worlds Superpower for Oil and Trade. Now this includes IMF/WB Funding for Infrastructure like Roads, Ports, Electricity & Water required to extract Oil.

But where do we go next??

It is scary. I don't really know what will happen in 2016. If they want a 'clean' president it might be better if President Obama starts a new war, so we can have a white knight.

The Germans, the Nazi's were very good at Spying and War. They had Weapons, Ships, Transportation, Funding, Trained Fighting Men, Discipline, and Spy Systems.

USA might have a good degree of all of that. Plus those secret weapons or nuclear weapons.

Is the USA a Disposable Tool of some Wealthy Hidden Power?? It could be. If USA becomes the new Monster, then where will civilized people go.

Sun, 05/17/2015 - 21:24 | 6104388 kchrisc
kchrisc's picture

"I'm guessing they will 'Rotate' back to a Republican President in 2016."

Which is why it is so important to understand CIA-Obama's true background and obvious mandate.

In the Spring of 2008 their was a pause in the noiZ-media's coverage of the "selection." After 3 or 4 days, they came back online and lo and behold, CIA-Obama was the front-runner--as if he had been the entire time. It was very surreal. Most, though, missed it.

Anyways, the Birthers, all of whom should be lauded, uncovered much of his hidden background. Armed with their work, many, including myself, realized that CIA-Obama was more nothing more than a CIA run neo-con stooge--a manchurian candidate. As such, I, and many others, were able to predict what his behavior in office would be like--a continuation of Bush Jr., and especially the neo-cons' policies and actions He has not disappointed.

More importantly is the idea that one of his mandates is to rile up the "heartland" sheeple and win their "hearts and minds" for use post-2016 (The selection is already "in the bag."). As such the scandals surrounding him usually involve him being socialist, Muslim, pro-Iran, anti-Israel, anti-LEO, etc. It is a huge play, and he is one of the actors in it.

Look for the coming false-flag involving Iran, Muslims and Israel that will be laid at his feet, and a huge White House morality scandal (Lewinsky) involving his homosexuality.

Liberty is a demand. Tyranny is submission..

 

I have friends that are still amazed about the DC US' Guantanamo gulag. I told them that CIA-Obama would NOT close it, as he is really a neo-con stooge, and they would never eliminate such an "asset" to tyranny. They joked and laughed. They had another laugh at my expense when he signed an Executive Order to close the gulag in 2009. I stuck to my guns, which caused more jokes and laughter. They're not joking or laughing anymore, because, after six plus years, not only is the gulag still open, but it is being expanded.

Mon, 05/18/2015 - 09:09 | 6105251 TeethVillage88s
TeethVillage88s's picture

It is breath-taking to observe Obama's turn from Campaign Promises and his run as a Democrat-Liberal-Socialist.

The Grandfather is said to have used a cover as a Furniture Salesman or store manager or owner, but others say the way he moved around was more like a CIA or Government Cover.

Bill Clinton may have grown into power as a Governor, collecting power, and learning how to use it, strategize, and enjoy the power with his wife. But he also seems to have strange contacts with shifty business like a CIA port at Mena.

Obama may not have known much about power and been overwhelmed by the force of powerful men letting him know they would shut him out if he didn't play ball. But why would a Powerful Political Machine choose Obama for US President if he didn't have insider contacts and agree to serve the US MIC? It is impossible to view Obama as an Innocent in that light.

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