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As Student Loans Hit All Time Record, One High School Valedictorian "Gets It"

Tyler Durden's picture




 

This it NOT what you would expect from a traditional valedictorian speech. Hopefully people, especially young people, are starting to wake up to just how corrupt and broken at its core, the US educational system is. Alas, tangentially, as the following data from Stone McCarthy indicates, there is little danger that the revelations captured in this video are anywhere near widespread, courtesy of record after record rise in the next big bubble: student loan debt, which is nothing but even more voluntary indentured servitude in hopes that the latest piece of paper certifying one is "smart" will make one's resume more attractive to potential employers. Alas, if they only knew...

Must watch:

And from SMRA:

In this morning's Chart of the Day, we reexamine the rising trend of student loans outstanding. Back in late June, we highlighted the steady increase of student loans that has occurred since January 2009. In the most recent release of the Fed's Consumer Credit Outstanding report, student loans outstanding increased $15.66 billion on a non-seasonally adjusted basis in July, the largest month over month increase since January. In turn, nonrevolving credit outstanding (seasonally adjusted) rose a whopping $15.4 billion, the largest monthly increase since November 2001.

 
We attribute the overall rise in student loans to a number of factors. However, we suspect the major reason is a struggling labor market and bleak outlook for jobs. As the economy continues to generate a less than ideal number of jobs, more people are heading back to school to enhance their education in order to make themselves more marketable to potential employers. The unemployment rate for people aged between 20 to 24 years was 24.5% in August, up from 23.1% in July. The unemployment rate for this population range averaged 15% from 2002 through the end of 2007. However, as the labor market continued to struggle, the unemployment rate for persons between 20 and 24 years of age rose to 25.7% in November 2009 and has remained elevated over the past two years. Not to mention that the unemployment rate for the civilian labor force has been above 9% since May 2009. Additionally we suspect the increased cost of tuition is forcing students to take out larger loans in order to pay for rising education costs.

 

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Sun, 09/18/2011 - 13:47 | 1682209 GeneMarchbanks
GeneMarchbanks's picture

I know her! She owns silver. Astute observer this kid is!

Sun, 09/18/2011 - 13:54 | 1682230 Ahmeexnal
Ahmeexnal's picture

Of course she gets it. She's not blonde.

Sun, 09/18/2011 - 14:05 | 1682264 spiral_eyes
spiral_eyes's picture

Wow. She just owned that speech.

Sun, 09/18/2011 - 14:25 | 1682320 Doña K
Doña K's picture

Sorry,

She is unemployable. She talks like a valley girl.

Shows how America is declining everywhere.

Sun, 09/18/2011 - 15:42 | 1682536 Lord Welligton
Lord Welligton's picture

I'm two minutes into this.

Now while I find the accent and cadence off putting I cannot believe you come to the conclusion ...

 Shows how America is declining everywhere.

Sun, 09/18/2011 - 16:01 | 1682607 Doña K
Doña K's picture

I am thinking that the pea brain TV shows influence behaviour and language, more than educators. Does one need to go to finishing school? Where are the parents? Where are the teachers? No one cares? Manners don't matter anymore?

I guess that was the reason of the generalization. Think about the message and how powerful could have been if she gave the speech with good diction, color in her voice and up and down intonation as necessary. Then it would definitely go viral.

Sun, 09/18/2011 - 16:04 | 1682617 Lord Welligton
Lord Welligton's picture

And to the matter of substance.

What did you think of the speech?

Sun, 09/18/2011 - 16:38 | 1682731 Pladizow
Pladizow's picture

The American Public Fool System exists to produce two things: employess and soldiers!

Sun, 09/18/2011 - 16:49 | 1682762 Lord Welligton
Lord Welligton's picture

And do you think that she enunciated the point well?

Sun, 09/18/2011 - 17:00 | 1682803 Pladizow
Pladizow's picture

That, I dont care about!

Sun, 09/18/2011 - 17:23 | 1682864 Lord Welligton
Lord Welligton's picture

Then why do you care about the American public school system?

What do you "care" about?

Sun, 09/18/2011 - 19:09 | 1683121 clymer
clymer's picture

This kid is founding father material (in a female sense).

 

Don't stop there, the selfish boomers and most clueless gen-x ers have been powerless against the machine. Hopefully someone from gen-y will invent a corruption detection and obliteration machine

Sun, 09/18/2011 - 19:58 | 1683192 Bobbyrib
Bobbyrib's picture

Pfft..the Gen Yers where I work are trying to get promoted more often than Gen Xers like myself. It's not even close. Gen Y reminds me of the Boomers.

Sun, 09/18/2011 - 20:03 | 1683205 Cathartes Aura
Cathartes Aura's picture

This kid is founding father material (in a female sense).

the founding fathers denied her full citizen rights, so one would hope she would have helped right that wrong, maybe joining up with Elizabeth Cady Stanton to fight for her equal say in the nation of her birth. . .

http://en.wikipedia.org/wiki/Declaration_of_Sentiments

 

Mon, 09/19/2011 - 10:09 | 1684340 chumbawamba
chumbawamba's picture

Hey CA.

That idea ignores the founding history of this nation and the era in which it arose.  Women, like negroes, had their position in society, and it was all guided by aherence to Biblical principles.  I avoid judging these things as it was what it was, and this is now.

Speaking of now, the FF actually gave us everything we needed to right all wrongs, but first you need to re-discover the power:

http://1215.org

I am Chumbawamba.

Wed, 09/21/2011 - 03:05 | 1691416 geekgrrl
geekgrrl's picture

Thanks for the link!!

Sun, 09/18/2011 - 17:44 | 1682922 Dan The Man
Dan The Man's picture

she could have got into the use of students as a credit farm...but i liked it.  

Sun, 09/18/2011 - 18:25 | 1683017 Lord Welligton
Lord Welligton's picture

"Credit Farm"

Simple phrase much truth.

Sun, 09/18/2011 - 22:07 | 1683485 FEDbuster
FEDbuster's picture

I would use "Credit Plantation" gives it debt slave overtones.

Mon, 09/19/2011 - 00:05 | 1683661 redpill
redpill's picture

She's definitely a more coherent speaker than Michelle Bachmann.

Sun, 09/18/2011 - 16:21 | 1682656 Fiat2Zero
Fiat2Zero's picture

Elitest knee-jerk reaction. Style over substance, the true tragedy in this case. Your talking points are moot.

Sun, 09/18/2011 - 18:17 | 1683004 CB
CB's picture

it already IS viral. I've seen this video a bunch of times before now.

 

Sun, 09/18/2011 - 18:17 | 1683005 CB
CB's picture

it already IS viral. I've seen this video a bunch of times before now.

 

Sun, 09/18/2011 - 19:14 | 1683132 clymer
clymer's picture

truly, you must be a douche

Sun, 09/18/2011 - 15:53 | 1682577 Lord Welligton
Lord Welligton's picture

I have now seen the entire.

Admit it. You didn't watch it.

You let your prejudice rule your mind.

Shows how America is declining everywhere.

Sun, 09/18/2011 - 16:04 | 1682614 Doña K
Doña K's picture

I watched it to the end. That is my opinion. What prejudice? I hate everyone equally/jk

Sun, 09/18/2011 - 16:21 | 1682639 Hephasteus
Hephasteus's picture

She's a high school graduate. I'm pretty mean but I at least give a break to nervous high schoolers. She doesn't know if people are going to arrest her or shoot her or just what kind of stupid silly ass reaction she is going to get.

But she wears nearly the same robes as a judge. Everybody wears these robes on highschool and college graduation. It's because they are a small part of the judge system. People worry about judge dread but the real problem is judge idiot. And there's millions and million of judge idiots.

Sun, 09/18/2011 - 16:43 | 1682740 MsCreant
MsCreant's picture

Excellent point Heph. I didn't even consider it, but in retrospect she had to be scared.

Sun, 09/18/2011 - 20:33 | 1683276 mtomato2
mtomato2's picture

Ms, for some reason I was sure that you would show up somewhere in this thread. 

Was that speech not magnificent?

Mon, 09/19/2011 - 00:38 | 1683698 MsCreant
MsCreant's picture

She was great. See my reply to Rocky. I hope you are still teaching this year. Many of the people around me that teach in the school system, are not, or are under threat. Math is very much a fundamental need. But I have seen some crazy choices being made this year regarding who to cut. But yeah, if that is any one of our students, we are quite content.

Sun, 09/18/2011 - 23:21 | 1683614 RockyRacoon
RockyRacoon's picture

Amazing courage in such a small package.   With truth like that, and the strength to come to her realizations early, she will hopefully work within whatever system she chooses to effect change.   I'd vote for her -- today.

Mon, 09/19/2011 - 00:35 | 1683693 MsCreant
MsCreant's picture

As I go through the threads here I see so much judgement. She is a kid. I wonder if folks remember or have kids of their own to know "who" dug up the courage/inspiration/smarts to do this. No it is not perfect, but few of us would be. Even folks who get paid, we can find a lot of fault with them.

I'd vote for her, with the caveat that I would want to see who she had around her, supporting her. I think that is good advice for all of us. I have leadership roles in other arenas far from anything that looks like politics and economy. Who I have around me, advising me, matters.

Sun, 09/18/2011 - 20:06 | 1683211 Bobbyrib
Bobbyrib's picture

Also think of your High School's Valedictorian. Was he or she the most social individual in the whole school, or someone who mainly spoke to teachers and a small group of friends? To think that this girl would have the speaking ability of the liars/BS artists who run our country is beyond dumb. She probably barely speaks to people her own age beyond her small group of friends. In my school there were the popular people (sheeple) then everyone else.

That being said, I can't believe she worked her ass off to become Valedictorian then gave the speech she gave. I'm left wondering if someone put her up to it.

Wed, 09/21/2011 - 04:24 | 1691479 AmeliaV
AmeliaV's picture

Private student loans are worse than mortgage and payday loan lenders. The loans are guaranteed by the goverm't, the lenders have no incentive to loan responsibly (i.e. the mortgage mess), and the loan obligation is immune to bankruptcy (even a mortgage has that option). The terms and conditions they are extending loans to students is a horrible . . And unlike mortgages the borrower can not refinance the rate, the student is stuck with the variable rate until it is paid off. . .

Sun, 09/18/2011 - 16:31 | 1682703 Lord Welligton
Lord Welligton's picture

Your predjudice against "Valley Girls".

Because they speak as they do what they have to say is not worth your consideration.

In short.

You are a snob.

Sun, 09/18/2011 - 17:19 | 1682853 Doña K
Doña K's picture

Her speech was brave and I enjoyed it. I wished it was more elegant so that it can go viral as I eluded to earlier. Great message no question about it.

Cheers

Sun, 09/18/2011 - 17:31 | 1682889 Lord Welligton
Lord Welligton's picture

Elegance indeed.

Viral?

She was addressing her peers and her educators.

She wasn't thinking about YouTube like you.

Maybe that's a "Valley Girl" thing.

If you think that there was no question of the greatness of the speech maybe you could "put elegance on it".

That might satisfy the YouTube snobs.

Sun, 09/18/2011 - 17:42 | 1682916 MsCreant
MsCreant's picture

Dona K capitulated. There is honor in that.

Sun, 09/18/2011 - 18:27 | 1683020 Lord Welligton
Lord Welligton's picture

In that case I withdraw.

Sun, 09/18/2011 - 17:44 | 1682923 AnonymousAnarchist
AnonymousAnarchist's picture

Actually this video already went viral a little over a year ago when it first got posted to YouTube.

Sun, 09/18/2011 - 18:28 | 1683023 Lord Welligton
Lord Welligton's picture

I didn't see it.

Maybe I don't have the virus.

Sun, 09/18/2011 - 19:12 | 1683130 clymer
clymer's picture

hey - just cause you just saw it doesn't detract from the importance of hearing someone so young who is awake. Shit, I just saw the trololo vid a few weeks ago. We can't all troll all corners of web every waking moment

Sun, 09/18/2011 - 20:37 | 1683286 mtomato2
mtomato2's picture

Hey:  If you liked the Trololol vid as much as you should have, you should see Trololol "What he is REALLY saying!"

http://www.snotr.com/video/4276/What_Trololo_guy_is_really_singing

 

Sun, 09/18/2011 - 20:18 | 1683216 Bobbyrib
Bobbyrib's picture

Perhaps Dona can get a copy of the speech, dress in a HS graduate robe and read the speech more "eloquently."

Sun, 09/18/2011 - 21:59 | 1683468 Ahmeexnal
Ahmeexnal's picture

Don't forget the dunce cap.

Sun, 09/18/2011 - 16:27 | 1682682 DonnieD
DonnieD's picture

If her voice makes her unemployable in America, then I guess having Lil Wayne on your iPod makes you President.

 

Sun, 09/18/2011 - 22:03 | 1683472 Ahmeexnal
Ahmeexnal's picture

Her diction might make her unemployable in the US, but she'd get a job at a Bangalore call center anytime.

She does have another option: becoming a community organizer.

Sun, 09/18/2011 - 17:33 | 1682893 Spawn of Cagliostro
Spawn of Cagliostro's picture

-1 on your cynicism. She's f'n 17 or 18.  Get off your pessimistic high-horse and listen to WHAT she is saying. Not the 'accent' of this smart young woman.

Sun, 09/18/2011 - 19:48 | 1683175 Cathartes Aura
Cathartes Aura's picture

She is unemployable. She talks like a valley girl.

did yer smart hubby tell you this Mrs. K?  Tad bitchy today, aren't you. . .

Sun, 09/18/2011 - 19:53 | 1683179 YouThePeople
YouThePeople's picture

Get off the high horse weak sauce.

Sun, 09/18/2011 - 14:20 | 1682273 Captain Benny
Captain Benny's picture

Or... she's smart enough to dye her hair to not be blonde!  Bravo to her, great speach which I also agree with.  You don't need paper documents that yellow with time due to their sulfer content... it's a slow rot that loses its value as your "hard earned" education loses value with it.

Paper doesn't measure the value of gold and silver.  It also doesn't measure one's wealth, education, integrity, or ability.  You're free when you escape such systems.

Sun, 09/18/2011 - 15:59 | 1682599 buck4free
buck4free's picture

What is this so-called 'speach' that you agree with?

Sun, 09/18/2011 - 20:01 | 1683196 Ahmeexnal
Ahmeexnal's picture

Seems like Captain Benny dyes his hair blonde.

Sun, 09/18/2011 - 17:49 | 1682942 buck4free
buck4free's picture

What is this so-called 'speach' that you agree with?

Sun, 09/18/2011 - 14:48 | 1682368 CD
CD's picture

In case anyone wants the full text (or to drop her a line of support), the young lady can be found here:

http://americaviaerica.blogspot.com/p/speech.html

Sun, 09/18/2011 - 14:48 | 1682369 SMG
SMG's picture

This is what real HOPE sounds like.

Sun, 09/18/2011 - 15:54 | 1682581 Manthong
Manthong's picture

Hope and spare change she can believe in? 

Sun, 09/18/2011 - 13:48 | 1682218 zilverreiger
zilverreiger's picture

lol

Sun, 09/18/2011 - 13:53 | 1682224 comrade rally monkey
comrade rally monkey's picture

word cloud, por favor.

 

My guess....   I,

Sun, 09/18/2011 - 13:53 | 1682228 bob_dabolina
bob_dabolina's picture

Look at that, no teleprompter

Sun, 09/18/2011 - 14:10 | 1682284 Pool Shark
Pool Shark's picture

 

 

Not to mention, she probably wrote that speech herself...

 

Sun, 09/18/2011 - 17:01 | 1682811 Mactheknife
Mactheknife's picture

Braaaavo...my dumb ass didn't figure out what she already knows until about six months after I graduated (at the top of my class) and was out working in the real world.  Hope she's not as pissed about it as long as I was paying back that 58K.

Mon, 09/19/2011 - 09:43 | 1684230 NidStyles
NidStyles's picture

She's graduating from High School, not college.

Sun, 09/18/2011 - 13:59 | 1682241 fadgadget
fadgadget's picture

i'm surprised they let her finish

Sun, 09/18/2011 - 15:22 | 1682459 WonderDawg
WonderDawg's picture

I was thinking the same thing. I was watching the people sitting behind her, waiting for the fat guy to jump up and take the microphone away.

Sun, 09/18/2011 - 16:17 | 1682644 smlbizman
smlbizman's picture

i have the over/under on the amount of list she is on at 12.5.....

Sun, 09/18/2011 - 15:47 | 1682555 CH1
CH1's picture

Definitely. Wonder how many insults she got on the way out.

Sun, 09/18/2011 - 14:00 | 1682243 Tense INDIAN
Tense INDIAN's picture

education( in its present form) is a psycological operation.....preparation for corporate slavery ......

Sun, 09/18/2011 - 14:06 | 1682266 Azannoth
Azannoth's picture

Public education is a 'soft' lobotomy

Sun, 09/18/2011 - 14:16 | 1682296 X.inf.capt
X.inf.capt's picture

And private education will be for the privileged few. As was said,

'I don't want a nation of critical thinkers, I want a nation of workers'.
J Rockefeller.

Sun, 09/18/2011 - 16:03 | 1682611 Bring the Gold
Bring the Gold's picture

Ding, ding, ding we have a winner. The REAL source of problems in public education is the root goal that created it in the first place.

Sun, 09/18/2011 - 23:18 | 1683612 ceilidh_trail
ceilidh_trail's picture

Pladizow said it first...

Sun, 09/18/2011 - 14:46 | 1682302 GeneMarchbanks
GeneMarchbanks's picture

Indoctrination, simple as that.

Mon, 09/19/2011 - 04:02 | 1683813 StychoKiller
StychoKiller's picture

In support of your comment: "Some Lessons from the Underground History of American Education" by John Taylor Gatto, found in "Everything You Know is Wrong", ISBN 978-1-56731-637-7, pgs 274-287

Sun, 09/18/2011 - 14:01 | 1682245 Subprime JD
Subprime JD's picture

I dont understand these charts, student loan debt is close to $1 trillion.

 

Tyler please advise

Sun, 09/18/2011 - 15:22 | 1682275 navy62802
navy62802's picture

I'll make it simple. Students today are royally fucked. As jobs for our graduates dwindle, their student loan debt is skyrocketing higher than it ever has been in the past. It's just another example of financial leeches trying to bleed the American dream (they've already taken down the dream of owning a home and now they're well on their way to taking down the dream of a college education).

Sun, 09/18/2011 - 15:27 | 1682485 WonderDawg
WonderDawg's picture

Not to jump in the middle, but I think you misunderstood the post. He's saying the charts are wrong, student loan debt is actually much higher than those charts indicate.

 

Sun, 09/18/2011 - 15:36 | 1682517 candyman
candyman's picture

UC expects a 16% increase in tuition costs the next 4 years. You know those hard working unskilled, unproductive, no value added liberal leaches need this raise of course? Lets see... what raw materials do teachers bring into the classroom that warrent such a rise in tuition rates? Ummmm,Ummmmm,Ummmm, aaaahhh Im too dumb to figure it out. What the fuck are the endowment funds supposed to be used for, naaa, not to help offset costs. Educators think my contributions should be used for hedge fund uses only  of course, no benefits should go to the kids, hell there is only $524 BILLION in College endowments nationwide! By comparison ,Obama's jobs plan for the ENTIRE USSA IS $447 BILLION! THIS FUCKING COUNTRY IS OFF THE RAILS.

Sun, 09/18/2011 - 16:27 | 1682685 Fiat2Zero
Fiat2Zero's picture

While this is problematic, I'd argue the education afforded by say UC Berkeley, or UCLA is still below fair market value. They've lagged for so long and are in a catch up phase.

Are jobs available? Depends on what you learn.

Definitely bleak from a macro perspective (we're in a depression), but silicon valley is suffering from worker shortages (to name a particular area that is not completely hopeless).

Sun, 09/18/2011 - 16:47 | 1682756 MsCreant
MsCreant's picture

The CA education used to be free. Anything over "free" is going to be a sticker shock.

Mon, 09/19/2011 - 00:03 | 1683659 pitz
pitz's picture

Silicon Valley has worker shortages?  You, sir, are full of shit.  Less than 40% of UC Berkeley's grads in Electrical and Computer Engineering can even get hired in the US tech sector. 

Sun, 09/18/2011 - 19:06 | 1683111 Ricky Bobby
Ricky Bobby's picture

Maybe I am slow but I just learned that student loan debt is not dischargeable in bankruptcy. Debtor’s prison will probably be buried on page 6,004 of the next Health Care Bill.

Sun, 09/18/2011 - 14:01 | 1682246 williambanzai7
williambanzai7's picture

Her parents should be very proud.

Sun, 09/18/2011 - 17:12 | 1682838 Whatta
Whatta's picture

she gots ballz!!!

Sun, 09/18/2011 - 21:32 | 1683409 msamour
msamour's picture

Yeah, I was thinking she took the balls off the brass monkey.

Sun, 09/18/2011 - 14:02 | 1682252 FischerBlack
FischerBlack's picture

LOL. She doesn't really believe what she's saying.  In the end, she knows it's better for her if she's valedictorian than if she isn't, and better to do what she's told, than not. This situation may be absurd, but there are prizes for being the most absurd in your class. And they're nice.

Good speech, though.

Sun, 09/18/2011 - 14:05 | 1682261 Azannoth
Azannoth's picture

Kinda agree even though I was a rebel all my life I still did what I was told when it would hurt my interests doing otherwise, that didn't stop me from 'exploiting' all my 'benefactors' till I needed them no more. You have to be smart as well as cunning to make it in life

Sun, 09/18/2011 - 14:46 | 1682366 hivekiller
hivekiller's picture

Agreed. She wants to have her cake and eat it too. If she really believed what she was saying she would have dropped out of school.

Sun, 09/18/2011 - 16:16 | 1682645 WonderDawg
WonderDawg's picture

Amazing. An 18 year old kid who had the balls to stand up in the most public forum available to her (one she earned, by the way) and call bullshit on the status quo, right to their fucking faces, and you want to piss on her effort.

I ask if you have ever stood up in a public forum and called bullshit on the status quo in similar fashion. If not, I invite you to kindly shut the fuck up. If so, my apologies.

Sun, 09/18/2011 - 18:01 | 1682967 hivekiller
hivekiller's picture

That's what 18 year old kids do all the time asshole. Wake up.

As for calling bullshit on the status quo, I do it all the time. I have skewered every sacred cow there is so STFU.

Sun, 09/18/2011 - 18:12 | 1682994 WonderDawg
WonderDawg's picture

First of all, my reply was to FischerBlack, not you. Second, I believe you, I really do. I bet you've got the videos to prove it, too, eh? I'm sure you'll provide the links so we can all enjoy your victories. Thanks in advance.

Sun, 09/18/2011 - 20:03 | 1683203 hivekiller
hivekiller's picture

I don't post videos. But I've written lots of articles that have been published in newspapers and magazines. I was the first in my community to state openly that the Bush Administration and Israel were responsible for 9/11. I followed up with monthly film presentations on 9/11, the federal reserve, use of depleted uranium, etc. for the public with others. Also sponsored a presentation by Dr. David Ray Griffin which I helped pay for.

Also wrote and had published in a weekly magazine a feature article detailing the IQ differences of blacks and why that accounts for their lack of economic parity with whites - not racism. Also detailed the role of Jews in the Bolshevik revolution and the murder of 20 to 60 million Russians. 

Confronted a black presenter during a conference on diversity that it was nothing more than cultural Marxism. Also told the largely hispanic audience that if people didn't want to learn English they should go home. Got into trouble back at work for this.

I've done this continuously throughout my life so I don't consider it any big deal.  I'm sure this young girl was sincere in her belief that she had pursued something that turned out to not be exactly what she expected. But this was all in retrospect and I would wager that when she goes to college - which she will - her behavior won't change. People need to be honest about their motivations. She had already earned her reward - which was valedictorian. Then to prove her moral stature she dissed it. You can't have it both ways.

Sun, 09/18/2011 - 20:25 | 1683258 WonderDawg
WonderDawg's picture

I'm as cynical as the next person, but I prefer to think that she she played the game by THEIR rules and beat them at their own game on their home fucking field.

She said that in the 10th grade an "avant garde" teacher helped enlighten her, which would have made her about 16. She was 18 when she made the speech, so she'd been somewhat enlightened for about 2 years. Maybe her motivation her senior year was to win the podium so she could speak her piece. At least, that's how I'm imagining it.

I view her efforts as good. Admirable. Naive, perhaps, but at 18 she's much further along than I was. She's smart. She's got balls. She's got spirit. She's got moxy. We need more like her. I see nothing wrong morally with what she did. She won the fucking podium and then had the balls to call bullshit on the system. What's not to like?

Mon, 09/19/2011 - 17:58 | 1686308 johnconnor
johnconnor's picture

Do you have the link to these articles? I am curious, would love to read it

Sun, 09/18/2011 - 21:43 | 1683433 FischerBlack
FischerBlack's picture

I find it interesting to see how so many people are so readily impressed by costless populism. Buffet is definitely on to something.

Mon, 09/19/2011 - 04:06 | 1683815 StychoKiller
StychoKiller's picture

Pretty sure Loughner could use you as a cell mate...

Sun, 09/18/2011 - 14:03 | 1682254 Azannoth
Azannoth's picture

Nice speach I hope it goes viral and gets 100 mil views

Sun, 09/18/2011 - 14:07 | 1682259 dwdollar
dwdollar's picture

This student loan fiasco is ready to be exploited any day now. What will these young, unemployed, and angry people do for debt forgiveness? God help us.

Sun, 09/18/2011 - 14:07 | 1682270 Oh regional Indian
Oh regional Indian's picture

DeeDubDo, they will grin and bear it.

It seems to be the pattern.

ORI

Sun, 09/18/2011 - 20:07 | 1683213 Ahmeexnal
Ahmeexnal's picture

I'll tell you what they'll do.

They'll vote for Ogolfer when he promises to lighten the load off their backs.

Most of them voted for him last time too.

 

Sun, 09/18/2011 - 14:07 | 1682268 Hulk
Hulk's picture

If only I were 80 years younger!

Sun, 09/18/2011 - 17:33 | 1682894 kaiserhoff
kaiserhoff's picture

Now, now, don't exagerate.  If you were 75 years younger, you would be on that like white on rice ;)

Sun, 09/18/2011 - 14:07 | 1682271 Corn1945
Corn1945's picture

I know student loans are securitized and sold but I could never find them.

Do they sell them in an ETF or mutual fund?

Sun, 09/18/2011 - 23:31 | 1683623 CJW757
CJW757's picture

They trade like bonds.. Asset backed securities.. Similiar to mortgage backed securities..

 

Sun, 09/18/2011 - 14:09 | 1682276 CapitalistRock
CapitalistRock's picture

She is correct about her education and government brainwashing, but she is still naive. She confuses her government education and the corporate world. She isn't aware that the creation of the corporation and the pursuit of profits IS freedom. Successful businesses are not created by following the mechanical brainwashing techniques learned in school.

Her government education brainwashing is to make her a good taxpaying citizen who is incapable of challenging her government and the restrictions it places on her. Financial success is her ticket to freedom. Finanical freedom for the individual is NOT the goal of her brainwashing masters as she indicates.

No, you cannot have my gold. Find your own and fuck off.

Sun, 09/18/2011 - 14:14 | 1682292 Spastica Rex
Spastica Rex's picture

Businesses profit from uncritical consumers. One of the primary goals of public schooling is to create these consumers. Visa/Mastercard doesn't want an educated populace any more than the government.

Sun, 09/18/2011 - 14:27 | 1682330 CapitalistRock
CapitalistRock's picture

Of course they do. I'm not advocating for uneducated consumers. What I'm telling you is that financial freedom and the ability to create your own business is freedom. I didn't get rich using a damn thing learned from school. It all came with my own hard work and creativity.

Sun, 09/18/2011 - 15:19 | 1682453 LetThemEatRand
LetThemEatRand's picture

I think her whole point is that our educational system pushes the  vast majority of students away from the type of creative and self-empowering path that you describe.  Large corporations that own the government don't want competition from small businesses.  They want mindless workers and consumers.  High student loan debt also makes business ownership an impossible dream for most (try getting a small business loan when you have six figures of student loan debt).   If our educational system were revamped to encourage creativity and individuality, and if it were affordable, there would be more small business owners and self-made people who do not rely on government handouts and corporate paychecks.

Sun, 09/18/2011 - 20:59 | 1683338 i-dog
i-dog's picture

"If our educational system were revamped "

That won't happen until government is out of the picture!

The public education system was infiltrated back in the 1870's by those who wished to dumb down the sheeple ... ie. "they" have been working at destroying enquiry and self-sufficiency for over 130 years! After 6 generations of such a concerted effort, all those in and around the system are incapable of even recognising where the problem lies, let alone making any meaningful change.

Sun, 09/18/2011 - 21:48 | 1683442 LetThemEatRand
LetThemEatRand's picture

I-dog....  As you correctly point out, the government has been "infiltrated."  The solution is to remove the infiltrators.   We are our government.  Those who infiltrate (the large corporations) need to be banished.

Sun, 09/18/2011 - 22:08 | 1683487 Vendetta
Vendetta's picture

Milton Freidman's false theories of economics started infiltrating universities in the 1950's.  The theories of economics are malleable and subject to change because of 'opinion' or political influence (usually the money power) which is all Freidman's theories were ... opinion.  True science such as physics, chemistry, mathematics, engineering are not 'infiltrated' except in the sense that certain company's have their products used in the academic world and therefore are carried out as 'experience' by the student.  The science has not changed though and has to be understood.

A classic example of the enigma of education and value to society is someone named Lonnie Johnson who invented the super soaker squirt gun.  He was a NASA engineer and I contend that he contributed more to society by creating a toy that children had fun with than anything he might have done at NASA.  The benefit of the space program to our society is nebulous at best though some will heatedly disagree because of their intellectual curiosity, bringing a little joy to some kids is genuine

Nikola Tesla and others in the 1800's were able to spend their time experimenting, creating and truly inventing.  Today's corporations are too greedy to enable creativity to exist or thrive because bean counters and greed mongers run the places, they just look for immediate ROI for anything they spend some money on.  Creativity and invention will never thrive in such an environment.

Mon, 09/19/2011 - 02:43 | 1683765 RichardP
RichardP's picture

Tang and Spam are products created by the NASA space program.  These two products have benefited millions.  That is a benefit of the space program that is not nebulous at best.

Wed, 09/21/2011 - 08:30 | 1691795 fallout11
fallout11's picture

Spam has been around since the 1920's, Nikita Khrusheve mentions it by name in his biography as being important to the Soviet war effort (via lend lease) in WW2.  But velcro is a product of the Nasa Space Program, and quite the beneficial product.

Sun, 09/18/2011 - 15:32 | 1682504 WonderDawg
WonderDawg's picture

What you advocate is not in conflict with what she said, I don't think. Her complaint is that the educational system does not prepare young people to go out and create your own business. YOU made her point by saying "I didn't get rich using a damn thing learned from school. It all came with my own hard work and creativity." In fact, that is exactly her point.

Sun, 09/18/2011 - 14:24 | 1682319 tickhound
tickhound's picture

When you fully awaken from your semi-slumber, review this particular post. 

'holy shit' hasn't hit you yet.   

Sun, 09/18/2011 - 21:42 | 1683429 msamour
msamour's picture

What have you been smoking? Not much of what you wrote made any sense. Corporations, and Governments are the same. They have been for a long time. There is no more small, or medium size businesses that survive in this environment. If they are still around at the moment, they are heavily endebted and are on their way to bankruptcy.

Fachisim is running the show in America, and in Canada, as well as all the OECD countries. You would most likely know that considering you are probably sitting on the board of some corporation.

Sun, 09/18/2011 - 14:10 | 1682282 Spastica Rex
Spastica Rex's picture

The results of 30 years of very expensive education "reform." Education reform is a scam.

Sun, 09/18/2011 - 14:10 | 1682285 monoloco
monoloco's picture

She somehow managed to learn enough to recognize the problem.

Sun, 09/18/2011 - 14:18 | 1682300 Hulk
Hulk's picture

Don't need government schooling to recognize the problem...

Mon, 09/19/2011 - 10:20 | 1684382 chumbawamba
chumbawamba's picture

Government schooling prevents one from seeing the problem.  This girl has obviously been taking drugs.

-Chumblez.

Sun, 09/18/2011 - 14:30 | 1682335 expatrader
expatrader's picture

Yo cousin greetings from the dying empire and Aloha from Eugene. Don't you know Zerohedge will give you a bad attitude? Forget this babylon clot and Focus on the Fish.

Sun, 09/18/2011 - 22:13 | 1683494 Vendetta
Vendetta's picture

I learned on my own to design electronic equipment when I was a musician.  I had to go get an engineering degree to get a job as starving as a musician wasn't so much fun.  The love of music never went away, the love of working in engineering did because the work environment in corporations is so constrained by small minded managers and greedy executives looking to line their pockets and control everything with bean counters and MBAs whom contribute little value.

Sun, 09/18/2011 - 14:14 | 1682289 no2foreclosures
no2foreclosures's picture

Smart cookie, this girl.  The figures on the total outstanding student loans are incorrect.  The real figure is approaching or may have surpassed $1 trillion.  It was $850 billion last year.  I almost fell off the seat when I read that.  The education factory is doing two things.  Training the sheeple for manual and mental slavery while ensuring financial slavery even before the students graduate.

Sun, 09/18/2011 - 17:30 | 1682885 DosZap
DosZap's picture

no2foreclosures ,

Nope, a lot more insidious than that.

Their is no bankruptcy allowable for student loans,period.

The .gub will issue Brown Shirts, and require manadatory public service/s for the reparation of the loans.

Here's the NEW Homeland Security Forces of the Future.

No pay, no choice.Suit up dude/ette's, we POWN you.

Sun, 09/18/2011 - 14:19 | 1682304 High Plains Drifter
High Plains Drifter's picture

damn.....a female drifter..................few and far between, sorry to say. 

Sun, 09/18/2011 - 14:19 | 1682305 porrannor
porrannor's picture

Great Nations are built by Heroes like her. We all should be proud of her. There is still hope..

Sun, 09/18/2011 - 14:19 | 1682308 knowless
knowless's picture

This is what I told my guidance counselor as I signed the paperwork to drop out of school, she had no idea wtf I was talking about.

 

That happens alot though.

Sun, 09/18/2011 - 14:20 | 1682311 defencev
defencev's picture

 I think she proves herself wrong by showing her independence in thinking which she apparently learnt in college. The truth is that statistically the level of unemployment among college educated is much lower than among general public. And nobody forces students loans upon anybody else. If you do not believe in college education, do not send your kids to colleges. Better stay in your caves and hoard your gold over there. Otherwise, just shut up...

Sun, 09/18/2011 - 14:30 | 1682331 dwdollar
dwdollar's picture

"The truth is that statistically the level of unemployment among college educated is much lower than among general public."

I call bullshit. Where's the study? Let me guess... you're part of the failed education system?

Sun, 09/18/2011 - 18:26 | 1683019 defencev
defencev's picture

See   ,for example, http://www.bargaineering.com/articles/recession-college-graduates.html

It is a fact that unemployment level among graduates is much lower than among general population. Now, you people may junk my post as much as you want. You are just group of idiots living in your imaginative world. When your gold go to trash than you wake up to the harsh reality, I guess. Stupid idiots!

Sun, 09/18/2011 - 14:55 | 1682381 Doña K
Doña K's picture

There is no reason for professors to be paid millions. That's the reason for the expense. The educational business learned their lesson from the housing industry. breakdown into monthly payments for years and years and everyone can afford a house, House prices and college education costs are not based on value. they are based on affordability.

A sports Mercedes Benz lease for 3 years was as low as $399 per month. College students were driving MB's and BMW's. Was that wise? Yes it was for the marketers and no it wasn't for the students.

Short sighted sheeple. Clever wall street wizards.

Break your bonds sink schools. You can study abroad for almost free. My cousin finished medical school in Romania. Yes in Romania. He was loading his suitcases with blue jeans and paying for college with the proceeds. Yes it was before the fall of the Berlin wall. these opportunities are still abundant in Italy, France, Germany and elsewhere. Language is only a one year affair.

Wake up America. If many students follow this path, watch college tuition fall to reasonable levels.

Sun, 09/18/2011 - 17:44 | 1682921 kaiserhoff
kaiserhoff's picture

Professors are often paid less than high school teachers in the surrounding suburbs.  The cost problem has more to do with infinitely expanding bureaucracy in the University.

You're right about going abroad.  Is there still a nine month MD program in India?  Club meds, here I come.

Sun, 09/18/2011 - 18:34 | 1683035 defencev
defencev's picture

What professor are paid millions? What cave are you from? For your information: Professors in places like Switzerland, Netherlands, HK, Singapore are paid much higher than in US. The salaries in Europe , Japan, South Korea, Canada are similar to those in US. Who pays these salaries? The corresponding governments, i.e. taxpayers. As US taxpayer I hate the idea that the same system will be adopted in US. And Academic market is probably the most dynamic one. You slash the salaries here, people will move overseas. Best people are not going to work for peanuts.  You want to kill the goose laying golden eggs, go ahead and do it. Destroy US educational system, definitely one of the best in the world.

You are a bunch of ignorant idiots over here.

Sun, 09/18/2011 - 14:55 | 1682394 SpeakerFTD
SpeakerFTD's picture

A year or so ago, to settle an argument, I did a back of the envelope calculation on the value of college based on all the published figures for income, debt, etc.  

What people forget when simply comparing incomes, is that if you can find a job out of HS that allows you to learn a skill, that is 4 years of income plus 4 years of experience that you are amassing, while a college student leaves after 4 years with a piece of paper and debt.    If you set t=0 to that moment when you leave college, being the guy with no debt (and potentially some assets) turns out to be a pretty decent position.

 

Sun, 09/18/2011 - 15:00 | 1682407 IronShield
IronShield's picture

I just looked around; nope, no cave walls.  But I am stacking it higher...  I see a Lexus and an AMG Mercedes.  And I'll take that kinda cave anyday.  :)  College is valuable at the professional level (Engineer, Doctor, Scientist, etc...) but pretty useless for most the rest.

Sun, 09/18/2011 - 15:12 | 1682428 dwdollar
dwdollar's picture

"College is valuable at the professional level (Engineer, Doctor, Scientist, etc...) but pretty useless for most the rest."

I would scratch engineering off that small list. It hasn't been practical to get an engineering degree for some time. Most entry level jobs are overseas.

Sun, 09/18/2011 - 15:28 | 1682489 IronShield
IronShield's picture

I wouldn't...  I can use that engineering degree and do just about anything I want (and have).  Goes to mindset and how you bring your kids up.  Sure Michael, an Engineering degree is a great degree, but don't count on a job being there because of that; be prepared to make one for yourself.  Believe in yourself (it's what I teach, day in, day out).

Mon, 09/19/2011 - 00:06 | 1683662 pitz
pitz's picture

Yup, with <40% employment rates of engineers from top schools like UC Berkeley and Cornell, and dismal salaries, its a real waste to get an engineering degree only to see the jobs going to foreigners.

Sun, 09/18/2011 - 15:37 | 1682521 WonderDawg
WonderDawg's picture

Uh, dude, she's graduating high school, not college. Sounds to me like she's questioning the decision to go to college.

Sun, 09/18/2011 - 14:22 | 1682314 Peter K
Peter K's picture

Yea, we're all special. But would she be giving the same speech if she didn't have those..... cankles? Just sayin......

Sun, 09/18/2011 - 16:54 | 1682783 MsCreant
MsCreant's picture

My guess is that she will breed for intelligence in which case you wouldn't get the chance to touch, smell, taste, or even grovel before those "cankles." Win for you, win for her, win for the human race.

Gotta love Darwin.

Mon, 09/19/2011 - 03:27 | 1683786 RichardP
RichardP's picture

She's going to breed with whoever breathes heavy and convinces her that he can't live without her.  Do you seriously think nerds can do that convincingly?  After all, she is a female, subject to the effects of Oxytocin.  Do you think intellectual discussion will get the oxytocin, and its effects, flowing?

http://en.wikipedia.org/wiki/Oxytocin

I mean, look at Michaele Salahi and her intellectual husband Tareq.  Didn't do it for Michaele.  Needed a journeyman.  Needed a not nerd.

Sun, 09/18/2011 - 14:22 | 1682315 infinity8
infinity8's picture

That was awesome - hope it goes viral and that she keeps talking to her peers - you go, girl! Also wondering if the principal had a heart attack that day. . .

Sun, 09/18/2011 - 14:27 | 1682325 LongSoupLine
LongSoupLine's picture

major ass-pucker going on with the teachers sitting behind her...i love it.

Sun, 09/18/2011 - 14:27 | 1682327 buzlightening
buzlightening's picture

Stone her!!!

Sun, 09/18/2011 - 14:27 | 1682328 High Plains Drifter
High Plains Drifter's picture

i used to chuckle to myself,  at people in the office who would put all of their toilet paper on the walls of their offices, nice and framed and shit. no amount of paper on the wall tells anyone anything really. we are all  dumber than bags of rocks. only the smart ones know this and understand this. the best professors i ever had, only went by their first names and did not care if you called them doctor because they knew as well as anyone they don't know shit and all of us as human beings are stupid cows on the plantation.  but sometimes cows stampede and kill their cowboy owners and trample them to death. may God in His infinte mercy allow this to happen and God bless dissent and free speech, something that is not tolerated on ron paul forums....

Sun, 09/18/2011 - 15:25 | 1682472 New_Meat
New_Meat's picture

HPD:

"... at people in the office who would put all of their toilet paper on the walls of their offices, ..."

I'm with you.  "Board-Certified" "Certified ...<your 'profession' here>"

- Ned

{the "I-Love-Me" wall}

{{and don't forget that the various "Guilds" are there to restrict entry of "outsiders" who will lower lower the "going rate."}}

{{{and don't forget the "Davis-Bacon" and "prevailing wage" equivalent restrictions}}}

Sun, 09/18/2011 - 14:29 | 1682334 Alex Kintner
Alex Kintner's picture

Smart young lady there. I would love to have seen the faces in the crowd. People usually act shocked when hearing the Truth spoken to them. Probably because it doesn't happen that often.

Sun, 09/18/2011 - 14:36 | 1682345 dwdollar
dwdollar's picture

People usually furrow their brow and open their mouth like an orangutan when the truth is said.  Then as the shock wears off they begin to boo and hiss (at least people don't throw poop, humans have evolved a little above the orangutan).

Sun, 09/18/2011 - 15:40 | 1682530 WonderDawg
WonderDawg's picture

Probably 80% of the people in the crowd didn't understand the message.

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