62 votes

Peter Schiff: Do you have a College Degree?

And you ride a bike for a living and owe how much?

Peter Schiff asks the victims of our benevolent government if they have a college degree, what they're doing now, and how much they owe.

Just more proof of why people should not buy into the debt ridden psychology of "you need a college degree." College degrees produced in mass quantities is no different than printing money. The more people with degrees there are, the more worthless the degree becomes. We need jobs without debt and a free economy in a deflationary environment that even allows a biker to live just fine on his earned wages.

Want cheaper education? Get government out of education and eliminate the guaranteed student loans, but we all know that here at the DP ;)

Video:

http://youtu.be/kXpwAOHJsxg



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I almost got mine.

Got a quarter shy of graduating with my Associates in Visual Communications at ITT Tech (wasn't even a good school for me), when I ran out of funding.

Now I carry a large debt on my shoulders with nothing to show for the trouble. Sucks.

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Cyril's picture

Nope. I don't.

Nope. I don't.

Here's what worked for me :

the supply-demand laws, in skills. While paying a lot of attention to what was emerging as tremendously useful to find relevant information and to brush up or reinforce my knowledge, for making a future living.

Oh, and yes. And NIGHT-YEARS of self-teaching, via study and practice.

But of course, your average Obamanoid liberal will swear to you I must be an exception. They will swear to you that the gov't-driven, tax payer-funded evaluation of students' skills can do so much better, can't it ?

Yeah, right.

Idiots. If we, hard working coding addicts, were "geniuses", say "a la Stephen Hawking", heck, we should know, and them mono-thinking liberals would probably worship us on TV because "that's cool". Choke on that, Obamarxists : ahh... just valuing our hard work and hard earned, capitalized knowledge in what we like to do, more simply instead, is so much NOT your thing... is it ?

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Posted the vid to Facebook

Gotta tell you it got a lot of attention. I went to school and was 2 classes shy of a BS in Computer Science. I have an AS in Computer Science and 2 other A.A.S degrees. One in Industrial Management whatever the hell that is and another in Aviation maintenance. Unfortunately school didn't teach me crap to get me ready for a career in Computer Science so I left and now do something I'm a little more comfortable with and have a lot more knowledge about.

It was partially my fault I could have maybe studied harder however it seems like now all you have to do is show up and you pass your classes. Not very good for education as a whole. I just kind of sat there and at the last minute said you know what, I haven't learned shit, time for me to get out and do something I actually know.

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    (Not Responding to Video, Just Sentinment Here)

    Aren't you sort of assuming that the entire purpose of going to college and getting an education is to get a better job or to further a career path? Some of us went because we believe knowledge is an end in itself...

    Personally, I don't care about using my degree to get me a job or give me a career edge over someone else. My experience made me a better person and I have a piece of paper that I can show when my pedigree or expertise on an area is questioned (yes, it sucks that it's like that for some people, but it is). And yes, I'm a MUCH better citizen because of the skills I acquired at the university I attended.

    Just saying.

    "The casualty of partisanship is objectivity."

    Please Define "Better Person"

    "My experience made me a better person".
    EDIT________________________________

    I may have misread you. Satire?

    No, not at all. I learned to

    No, not at all. I learned to think much more critically, was exposed to a diverse array of different perspectives and opinions, learned how to manage deadlines more effectively, was given the opportunity to lead student organizations and make many professional and academic connections. All of this made me a better person.

    "The casualty of partisanship is objectivity."

    Debbie's picture

    That is excellent. He's just saying not everyone needs to do it

    Maybe you didn't end up with a huge debt but many do and then can't get the jobs to pay it off so are "upside down" so to speak. Peter has commented in his book and on his radio show many times about this.

    Debbie

    I'm not assuming that...

    and I'm confused...are you talking about life experience or education related experience?

    If you mean life experiences, while I agree to a degree, (I loved college for that very reason), I just don't think it's necessary still. One could acquire the same life experiences by moving to a college town or just out of the house you grew up in and getting a job and surviving on your own, making friends, having fun, etc. Do you really need to become 20,000+ in debt to gain that experience? So you/we/I paid out the whazoo to do what most other people can without the debt and while making money? Yes college can be good in that regard, but it's really not worth it. You can do the same thing other ways and without the debt. I think to assume you couldn't get those experiences without college is selling the world short.

    For me, I could have gotten the same experiences from my time in the Marines, it was not much different than college in the life experience regard. I also worked a lot through college (Marines + 2 jobs + school). At this point, as much as I hold both close to my heart, I could have done without the college or the Marines. I could have had just as much fun working the jobs, meeting other young people, getting involved in other activities, living on my own, and having fun away from home and gaining valuable experience to help me in real world/future.

    Anyway...all that being said. College isn't for everyone and some of the world's most successful people never went, dropped out, or even dropped out of high school. However, I do not think no one should go to college. If you're willing to take the money out at this point in time, go for it. Though, I think a lot of people are duped by this government system into believing it's completely necessary and just end up being duped with a lot of debt with either a low paying job or no job. I feel sorry for them. It's sad.

    Well, I wouldn't divide it up

    Well, I wouldn't divide it up the way you did. To me, the two are inextricably intertwined. As far as my time in college, I wouldn't know what to call "life experience" and what to call "education-related". Sort of a false bifurcation of the general experience IMHO.

    Anyhow, I disagree that one could move to a college town and it would be just as good. It would be useful in many ways, but hardly equivalent to someone who actually attended the university. Once again, just my opinion.

    Sounds like you had a really interesting and enriching road, my friend. I sort of envy the path you took (I cannot join the military), but I'm sort of perplexed as to how you saw school and the Marines as similar in a non-educational way. I've got many friends in all branches of the military and I don't think any of them would agree (more anecdotes, I know!) that it was similar to school in that way. But everybody has a different experience, and I for one think that is an awesome thing.

    As far as success goes, well I guess it all depends on how you define it. If you mean getting rich and influential in a political, or socio-economic context, well then I certainly agree with that. However, for myself, 'success' has not much to do with how much I earn or how much influence I exert. To be able to engage in high-level, intellectual discourse, to have real friends, to have a comfortable lifestyle, and to be satisfied in my interactions with others would possibly be measured as success.

    Completely agree about people being duped into college, though. A lot of people just think it is the "next step" after HS, or they go because they are forced by family/really believe what they see and hear from others about the necessity of going to college. However, if we're being honest, most people are not smart enough to make anything of their lives (by my standards or popular standards) without the aid of an advanced degree. Not saying that it would be guaranteed, but it would at least help. For those few who can, more power to them. That is what America is about.

    Thanks for the thoughtful reply to my post. :)

    "The casualty of partisanship is objectivity."

    Surely you are not implying

    Surely you are not implying you need a college education to have a high level intellectual discussion? In my time in college I found the exact opposite to be true. I felt like I was talking with brainwashed zombies for the most part, along with being forced to take completely irrelevant brainwashing classes its one of the main reasons I quit. I am now making more without a college degree than I would have with the one I was working toward(computer science) with no debt hanging over my head and far more time off. While college certainly has its purpose, it in NO WAY makes you smarter....nor do I believe does it do a better job of educating you than you can do yourself...but its great at giving you a piece of paper(which is very useful in today's society where paperwork is everything)

    No, I'm not implying that. I

    No, I'm not implying that. I just think that in many cases it can help a lot. Believe me, I've had the same experience at college that you did. Many, many people profit very little from their time in college and are, essentially, zombies, as you said.

    I don't think college makes you smarter, as I suspect your level of intellectual capability is a function of early development and biological factors (don't ask me to say more as I'm surely no expert and am only giving my intuitions), but I do think that a college education will help (in many cases) to help realize that potential and build a solid foundation for future learning.

    I disagree that I could have achieved by myself what I did by attending a university, and I suspect this is true in the vast majority of cases. What you said is simply not true.

    "The casualty of partisanship is objectivity."

    Agree with the sentiments but have an issue with

    The cost of education- which is driven up as Peter would point out by the government guaranteeing of student loans

    Just as no one is for poverty it doesnt follow however that there should be government programs to end it then if one is for education it doesn't follow the government has to subsidize it

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    I'll drink to that. I'm sort

    I'll drink to that. I'm sort of a hypocrite, as I took student loans to go to school. I worked for several years before attending and paid my share of taxes, but I did violate the principle.

    What can I say, I'm no Ron Paul.

    "The casualty of partisanship is objectivity."

    College in general is good, heck Thomas Jefferson founded one

    But the concept of mass producing college graduates and putting them all 25k or more in debt to go is not

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    This is an instant classic!

    Wow... great job Peter...

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    "should we ban corporate profits?"

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    More is college worth it? Videos

    http://www.youtube.com/watch?v=FKm1Gtnm1Lg&feature=plcp
    http://www.youtube.com/watch?v=YZbIYlnOIKU&feature=plcp - asks the question what's the difference between a college and high school graduate? $50k is debt

    And some Ron Paul, gold silver and Austrian Economics videos
    http://www.youtube.com/user/HomeGainInc/videos?sort=p&flow=g...

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