The National Inflation Association’s eagerly anticipated must see hour-long documentary being released on Sunday, May 15th, ‘College Conspiracy’, will expose college education as the largest scam in U.S. history. NIA’s latest special video ‘The Day the Dollar Died’ has now surpassed 1,750,000 views in less than six months, averaging over 10,000 views per day. NIA considers ‘College Conspiracy’ to be its most important and informative economic video ever produced in history.

‘College Conspiracy’ will debunk many myths, including the belief that Americans with college degrees earn $1 million more in lifetime income compared to high school graduates without a college degree. The most important basic fact that most Americans don’t understand about 4-year colleges is that most Americans spend 6 years attending them before graduating. With U.S. tuition inflation for private colleges averaging 5.15% over the past half a decade, assuming this same rate of tuition inflation continues, a college with tuition of $30,000 today will have tuition of $38,563 in the sixth year a student attends it. In ‘College Conspiracy’, NIA analyzes the total cost to attend college by factoring in not just rapidly rising tuition expenses, but also the interest payments on student loans, and the lost income that college students would have earned if they worked at an average entry-level job that doesn’t require a college degree.

NIA’s investigation has determined that the organizations that helped create and promote the $1 million in additional income myth, included General Equivalency Diploma (GED) recipients as being high school graduates. The truth is, GED recipients are not real high school graduates and they are being used to unfairly skew down the average income of high school graduates without a college degree. This has the effect of artificially inflating the amount of additional lifetime income that college graduates earn over high school graduates. ‘College Conspiracy’ will show the real numbers that never get discussed in the mainstream media.

The college-industrial complex has created not only myths, but outright hoaxes, in order to scam American students into becoming indentured servants for life. Three years ago when 15 new pharmacist schools were about to open in the U.S., the college cartel bribed economists to come out with phony research reports showing that the U.S. was experiencing a huge shortage of pharmacists. The reports said that 150,000 new pharmacists would be needed in the U.S. by 2020 due to the aging babyboomer population and a huge boom in 24-hour pharmacies being built nationwide. Today, NIA is receiving reports of pharmacies on the east coast receiving 300 applications for each new pharmacist job opening.

As NIA will show in ‘College Conspiracy’, the value of a college degree today is close to zero, with some degrees being more worthless than others. One of our many expert guests in ‘College Conspiracy’ is Gerald Celente, editor of The Trends Journal at http://www.trendsresearch.com/. According to Mr. Celente, colleges are handing out “degrees in worthlessness” in social studies, philosophy, art history, women’s studies, minority studies, foreign affairs, public administration, corporate management, and marketing. Instead of getting deeply into debt and wasting many years of your life to obtain a “degree in worthlessness“, NIA believes more Americans should seek to become an apprentice under someone who is highly qualified and experienced in their field of interest.

All parts of the college education industry are saturated with corruption, yet students and their parents still fail to realize that college administrators no longer care about what is in the best interest of their students. One segment of the college education industry that is perhaps the most highly enriched with corruption is the textbook business. In a high tech world of Kindles and iPads, there is no reason for students to be spending $200 each on eight new textbooks each semester. The information should come free with the cost of tuition.

Twenty years ago, $200 was enough to buy all of the required textbooks for an entire year of college. If the free market was allowed to operate, there would be a vibrant market for used textbooks and $200 would still be enough to purchase a year’s worth of textbooks. However, in what can be described in no other way than collusion, colleges today are accepting kickbacks from book publishers to force students to buy “custom” textbooks that are created for that specific college. Some of these custom textbooks include special codes inside that students need in order to do their homework online. Each semester, the book publishers release new slightly revised versions of each custom textbook. This makes old textbooks practically worthless and steals from the wealth of students.

We need to begin teaching our youth from a very early age that the key to having a successful career is not attending college, but is thinking outside of the box. Since it is now possible to acquire used college textbooks for practically nothing, instead of getting deeply into debt to attend college for a degree that is worthless because everybody else has one, students should acquire college textbooks in the field of their choice and begin reading them. Students who are motivated with a strong desire to build a successful career can self-educate themselves. Most college professors failed to make a living in the field that they teach, which is why they became professors. Therefore, students are not missing out on anything by not having a professor there to teach them the same information they can learn on their own.

High schools in America have become nothing other than infomercials for higher education. All across the country, high schools have been eliminating shop, home economics, and art classes. Any type of class that teaches students how to produce something real and tangible is apparently not good enough to be a part of high school curriculums anymore. NIA believes high schools went in the completely wrong direction. Instead of eliminating classes that teach very important lifelong skills, high schools in the U.S. should be adding classes that teach the basics regarding plumbing; electrical work; sewing; computer, television, and cell phone repair; and construction. Students who gain these basic skills will be best positioned to perform valuable services during hyperinflation that can be exchanged for goods or other services.

Not only do high schools waste students’ time by teaching them courses they will never need to have knowledge about in the real world, but colleges force students to take courses that have nothing to do with their major. There is absolutely no rational reason for a student majoring in electrical engineering to be required to take classes in history, humanity, sociology, and economics. It is because of these worthless courses that it takes some students six years to graduate college and learn what they could have learned in just one year of self-education. Instead of getting deeply into debt for five wasted years, self-educated students can be working at an entry-level job during those five years where they accumulate valuable work place experience.

Although many Americans are spoiled nowadays and consider entry-level jobs to be beneath them, NIA believes Americans need to realize that with or without a college degree, they should be happy, grateful, and appreciative to have any job in today’s economy. The fact of the matter is, 60% of college graduates since 1992 are now employed in positions that the Bureau of Labor Statistics (BLS) considers to be “low skilled”. Meaning, for the majority of college graduates, they didn’t need their college degree to get the job that they have today.

NIA’s President Gerard Adams is in regular contact with the CEOs of over one hundred large multi-million dollar corporations and only about a dozen of them are hiring at this time. Of the dozen or so companies that are hiring, 100% of them are choosing who to hire based entirely on their experience and passion for the work that they do. None of them care one iota about whether or not the applicant has a college degree. Shockingly, several CEOs recently told Mr. Adams that in today’s world, those who didn’t attend college are actually more likely to stand out from the crowd.

College Education is a Scam Says New Documentary
NIA today officially released the most comprehensive documentary ever produced about higher education in the U.S. NIA’s hour-long documentary called ‘College Conspiracy‘ exposes the facts and truth about America’s college education system. ‘College Conspiracy’ was produced over a six-month period by NIA’s team of expert Austrian economists with the help of thousands of NIA members who contributed their ideas and personal stories for the film. NIA believes the U.S. college education system is a scam that turns vulnerable young Americans into debt slaves for life.

NIA tracks price inflation in all U.S. industries and there is no industry that has seen more consistent price inflation this decade than college education. After the burst of the Real Estate bubble, student loans are now the easiest loan to receive in the U.S., and total student loan debts now exceed credit card debts. The government gives out easy student loans to anybody, regardless of grades, credit history, what they are majoring in, and what their job prospects are. NIA believes it is illegal for the U.S. government to be in the student loan business because the U.S. constitution doesn’t authorize it. Just like how the U.S. government created Fannie Mae and Freddie Mac to make housing affordable, but instead drove housing prices through the roof; the U.S. government, by trying to make college more affordable, is accomplishing the exact opposite and driving tuition prices to astronomical levels that provide a negative return on investment.

The U.S. has been experiencing 5.15% annual college tuition inflation this decade. Despite this, 70.1% of high school graduates are now enrolling into college, a new all time record. 2/3 of college students are now graduating with an average of $24,000 in debt. There is nothing special about getting a college degree if everyone else has one, and it is certainly not worth getting $24,000 into debt to camouflage yourself into the crowd. NIA’s President is friends with hundreds of CEOs of mid-sized corporations who tell him that someone who skipped college is a lot more likely to stand out amongst the hundreds of applicants who apply for each job available.

The real unemployment rate in America is now 22% and 60% of college graduates who are lucky enough to find a job, are receiving low skilled jobs where a college degree isn’t even required. In fact, 70% of high school graduates who didn’t go to college, were able to get these very same jobs as the average college graduate. The main difference is, by the time Americans who went to college get their degree, those who went straight into the work force after high school will already have 4 to 6 years of valuable workplace experience. Instead of having $24,000 in debt, these experienced Americans will be working their way up to a higher paid position or a better job at a different company.

All across America, colleges are deceiving prospective students with misleading and often fraudulent tactics and statistics. The fact is, law schools are handing out 43,000 law degrees each year, when there are 15,000 less attorney and legal staff jobs in the U.S. than three years ago. Many law schools are advertising a 90% job placement rate within one year of graduating. However, weeks before job placement surveys are conducted, some law schools will hire unemployed graduates to work in their admissions department. They are let go as soon as these surveys are completed, but count as being part of the 90% employed.

‘College Conspiracy’ also exposes how three years ago when 15 new pharmacist schools were getting ready to open in the U.S., the college cartel created a pharmacist shortage hoax to scam Americans into investing hundreds of thousands of dollars to attend pharmacist school. NIA has uncovered how economists were bribed to produce phony studies that forecast the need for 150,000 new pharmacists in America by 2020. Today, NIA is hearing from many young Americans who were deceived into getting pharmacist degrees and can’t find any pharmacist jobs no matter how many they apply for. These Americans are now deeply in debt and admit that they would have been better off getting minimum wage jobs stocking shelves somewhere.

NIA is very pro-education and dedicated to educating its members to the truth about the U.S. economy and inflation for free. Americans who read NIA’s articles and watch NIA’s documentaries for one year are guaranteed to learn more about the U.S. economy than they would have learned studying economics at an ivy league college for 4 years. NIA believes that in today’s world, any young American who is motivated to become well educated and have a successful career, can become self-educated by simply reading college textbooks and using the Internet.

Americans today need to change their mindsets. Instead of worrying about getting a job, they need to focus on making a job. Not only is it possible to become educated online at a low cost, but it is also possible to start an online business with almost no overhead expenses. The current system in America that everybody follows of studying useless information to get good grades in high school, taking out a student loan, going to college, taking out a mortgage, buying a house, and getting married, is setup to transfer wealth through inflation from the middle-class to bankers and lawyers who produce nothing for society. Americans need to stop being sheep and learn how to think for themselves.

To watch ‘College Conspiracy’ online for free, simply visit the NIA video page.

Published on National Inflation Association May 13th & 16th, 2011.

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