Community | May 16, 2011 | 9 comments

College Conspiracy

source: http://www.youtube.com/watch?v=VpZtX32sKVE&feature=player_embedded

rodstradamus
In College Conspiracy, an hour long video produced by the National Inflation Association (NIA), we discover the real purpose behind the push to enroll students in college – lifelong debt. So-called higher education is about government loans at high interest rates, not an educated public working in high wage jobs and enjoying a middle class good life.

The NIA succinctly demonstrates how public education – from grade school to college – is a masterfully contrived fraud. In addition to locking millions of students into debt under the illusion that a degree is required to obtain a decent job – jobs that have largely evaporated over the last decade thanks to globalism – the college debt scam is designed to manufacture the next economic bubble.

Like the so-called housing bubble inflated under the government’s Freddy and Fanny – a bubble that has since burst with devastating effect, as millions of Americans have learned firsthand – the education bubble will also collapse and precipitate a race to the bottom, a race already well underway.

Infowars.com and NIA present College Conspiracy, an informative and enlightening documentary that you cannot afford to overlook, especially if you are enrolled in college, plan to do so, or are the parents of college-age children considering taking on the debt burden of an over-valued college education.

Kurt Nimmo
Infowars.com
May 16, 2011
  1. groups:
    Community,   Culture,   Greatest Depression,   InfoWars,   4 more
  2. tags:
    Economy,  US,  Education,  College,  4 more
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9 comments // College Conspiracy // Video

  • Milieu
    • +1
      Milieu  

    • Alex Jones?

      Alex Jones?!

      Absolute Bull$#!T.

      The world is NOW going to end. Twice in one year Mr. _Merrill and I agree on something.

      Calling the Cardiac Unit as I post this.

    • 1 year ago
  • Warren_Merrill
    • 0
      Warren_Merrill  

    • Lifelong debt? A friend's son got accepted to a college that costs 56K a year. He was offered 44K in financial aid. My daughter received all but 7K in academic and athletic scholarships. My son's offer is the same. Don't get worked up over the sticker price. Very few people are paying sticker.

    • 1 year ago
  • simplecj
    • +1
      simplecj  
    • Warren_Merrill:

      Until all those federal funds helping them pay for it are taken away. I had Pell Grants that paid most my tuition, luckily I went to an affordable school. 6 years and I graduated with $21K in federal student loans and about $10k more credit card debt than when I started. You can't exactly work when you're a full time engineering student with 6 hrs of homework every night... and unlike some other people, my parents didn't pay a dime.

      Did I mention out of state tuition is on average 3 times what it is for in state? Yet many students go out of state thinking a particular college will ensure them better job prospects. In state at my "cheap" local university cost me about $5k/year, out of state student's pay about $15k/year.

      Oh... and I think you're full of shit saying someone got $44k/year in financial aid. There's no way financial aid would award that much outside of loans which is not free money. From what I understood when I was in school (03-09) max Pell Grant awards for undergrads was $2500/semester and something like $4-5k/semester for grad students. The rest of my "financial aid" was in the form of government subsidized education loans. So if you're saying they got about $30-40k/year in student loans thru "financial aid", then I might believe that, but it's not all paid... you have to start paying back your loans after you graduate and not even bankruptcy will make it go away.

      AND!! I consider myself lucky. A friend of mine graduated with his degree in Philosophy minor in History along with student loans totaling $50k and he's now filing for bankruptcy because between his part time job at Walmart and Walden Books, he can't even afford to pay for his rent and child support. He's worried about his car being repossessed, but even after wiping out all his private owned debts, he still has $50k in debt that he has no way of escaping even though he has little to no prospects of getting a decent paying job.

      Lucky me though with my engineering degree, I landed myself a sweet job with a local aerospace manufacturer for a lavish $24k/yr wage... hoping to get a new more awesome job working for a treadmill manufacturer up north for $45k if they can ever figure out if they can afford it. I've been waiting for an answer now for 4 months even though they say I'm at the top of their list, budget concerns and competition with China might cut too much from their budget and I'll be stuck where I am, living paycheck to paycheck and only able to do so because of income-based repayment which is currently only $10/mo... lucky me!

    • 1 year ago
  • Warren_Merrill
    • -1
      Warren_Merrill  
    • simplecj:

      "Until all those federal funds helping them pay for it are taken away."

      The reason college got so expensive is the government started providing so much money the colleges started the big grab by raising costs significantly. Many colleges have raised their costs 700% over the past thirty-five years.

      "Did I mention out of state tuition is on average 3 times what it is for in state?"

      Not true. My daughter went to an out of state university. My son will next year. The sticker price is 10K more, not triple.

      "I think you're full of shit saying someone got $44k/year in financial aid."

      I saw the offer. It was how I found out. In a previous conversation the dad was afraid his son would get accepted and he wouldn't be able to afford to send him there. He showed me the offer with a big smile. A school with a significant endowment can offer whatever they want. They can afford it. By the way Harvard is 10% of annual income from 100-250K. Under 100K chances are the kid goes for next to nothing.

      "graduated with his degree in Philosophy minor in History"

      This is Latin for "I have to go to grad school and get a useful degree."

      "I landed myself a sweet job with a local aerospace manufacturer for a lavish $24k/yr wage... hoping to get a new more awesome job working for a treadmill manufacturer up north for $45k if they can ever figure out if they can afford it."

      You would cringe if I told you my daughter's salary out of college. But she also lives in a very expensive city. And they're going to pay a significant portion of her grad school after two years.

      Good luck with the possible new offer.

    • 1 year ago
  • AJILIVIZION
    • 0
      AJILIVIZION  

    • I want to watch this film, but before I even clicked on this post, I was thinking, I really ought to get to doing some homework. Thankfully, I have parents that can afford to pay for tuition with out a loan or worry about debt. Actually, my father is in the process of getting me a scholarship through Kuwait's Ministry of Education. I am still very interested in watching this and any other documentary on the Western education system.

    • 1 year ago
  • Incredulous
    • +5
      Incredulous  

    • as usual...follow the money and you find the guy behind the curtain rubbing his greasy palms together...but I'm not buying that "trust the banks to compete" rhetoric either. The documentary is correct about the athletics and building funds though, and those athletics aren't for entertaining the kids, they are for collecting money from the alumni. I worked at a university that was laying off employees while making plans to build more and more buildings and parking garages.

      the part you aren't hearing though, is that the real debt gets piled up in graduate school, and the thing that would most certainly infuriate American taxpayers would be for them to have access to where the "assistantships" that colleges and universities award with taxpayer dollars are going. Most of them go to international students, which means your kid piles up student loan debt because the international student got the teaching and/or research assistantship that pays them to go to school here, including not only tuition, but a stipend for living costs, and then that student can go home after the US taxpayers funded their education....and meanwhile, the US taxpayer's kid is wracking up student loan debt to get those additional credentials, and graduate school is where student loan debt skyrockets. If the average American saw the applications to graduate school, and their nation of origin, they would be shocked.

      Who gets to make the decisions about how these graduate teaching/research assistantships are awarded? A faculty committee with a vested interest in making their department look better so they can justify more assistantships, and these faculty committees have been heavily indoctrinated with the benefits of the multicultural gospel, so the white kid from the Bronx doesn't stand much of a chance of getting an education without debt.

      I don't trust everything in this video. The underlying sentiment is that we have to make it harder to get a college degree because too many people have one now. This is intentionally creating scarcity, and that is done for one reason and one reason only in this nation, and that is to drive up cost, so in fact, if you follow the money, the underlying argument here is that we have educated too many people, and it is very similar to the rest of the GOP agenda to create a new slave class. Americans have too much, and their government has helped them get it. According to the GOP agenda, only the few should merit wealth and privilege, and so, we must create scarcity to maintain that sense of entitlement.

    • 1 year ago
  • remanns
  • remanns
  • remanns
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