Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

JP Sears Shreds Conventional Wisdom on College and Student Loans (Video)

  by    0   3

Want to get rich?

Start out by going $100,000 in debt.

That’s the advice offered by JP Sears in a hilarious video that rips up the conventional wisdom on higher education and vividly illustrates the growing student loan debt problem in the United States.

I know the most intelligent way to start making a lot of money is to find a way to get at least $100,000 in debt before you even begin making money. So, I decided to go to college.”

The number of Americans with federal student loans grew by 14 million to 42 million in the decade through last year. This included loans through programs for undergraduates, parents, and graduate students. Overall student debt more than doubled to $1.3 trillion over that period. According to the student loan debt clock, the total level of student loan indebtedness stands at over $1.4 trillion today. As we reported recently, student loan debt is even impacting baby boomers and threatening their retirements.

Government policy has driven the student loan debt crisis, driven by the idea that everybody needs to go to college. Sears manages to point out the absurdity of this thinking by simply carrying the rhetoric to its extreme.

College isn’t for most people. It’s for all people. If you don’t get a degree, then you’re declaring you want to be homeless, unhappy, and a failure for the rest of your life. Having a college degree has now been the standard for so long that everyone in the workforce has one. So, you having one makes you just like everyone else, and at the same time, somehow, your degree sets you apart from everyone else. And if you don’t see the brilliance in how this helps you then you’re not very intelligent.”

Sears also makes a pretty perceptive point about the hidden cost of that student loan.

What excites me even more than the $100,000 of tuition cost for a degree is all the interest I have the opportunity to pay on that loan. This adds even more value to my college education, because it means I pay more for my education than what my education costs. Because I can’t afford my education.”

Of course, this isn’t to say that going to college is always a bad decision. But the video does offers an opportunity to pause and question the conventional wisdom. Just because it’s conventional doesn’t make it wise.

Get Peter Schiff’s most important Gold headlines once per week click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

If History Is Any Guide We Could See $4,000 Gold

If history is any guide, we could be heading toward $4,000 gold. This according to analysis by US Global CEO Frank Holmes.

READ MORE →

If It Was Game Over for the Fed Then Where Are We Now?

In a speech at the Cambridge House Vancouver Resource Investment Conference back on Jan. 19, 2020, Peter Schiff said it was “game over” for the Federal Reserve. It’s interesting to look back at his remarks in context with what’s going on over at the central bank today. If it was game over then, where are […]

READ MORE →

What Is the Best Way to Buy Gold? (Video)

With the economic chaos created by coronavirus economic shutdowns and the Federal Reserve creating trillions of dollars out of thin air, there is suddenly a lot of interest in buying gold, both as a safe haven and an inflation hedge. But what is the best way to invest in the yellow metal? Should you buy […]

READ MORE →

Is Silver Set to Shine? (Video)

Silver hasn’t been this cheap compared to gold in 5,000 years of human history. What is the silver-gold ratio telling us? Is silver about to shine?

READ MORE →

Currency Wars: The Rise of Hyperinflation (Video)

The evil Empire has the ultimate weapon – the printing press. This diabolical machine is capable of bringing death to the dollar and destroying the entire economy. Watch the drama unfold as Peter Schiff and his rag-tag band of Austrian School economists fights the evil empire and tries to save the Republic from the Keynesian […]

READ MORE →

Comments are closed.

Call Now