Is College A Waste Of Time And Money?

Graduation

Are you thinking of going to college?  If so, please consider that decision very carefully.  You probably have lots of people telling you that an “education” is the key to your future and that you will never be able to get a “good job” unless you go to college.  And it is true that those that go to college do earn more on average than those that do not.  However, there is also a downside.  At most U.S. colleges, the quality of the education that you will receive is a joke, the goal of most colleges is to extract as much money from you and your parents as they possibly can, and there is a very good chance that there will not be a “good job” waiting for you once you graduate.  And unless you have someone that is willing to pay your tuition bills, you will probably be facing a lifetime of crippling student loan debt payments once you get out into the real world.

Jim Sinclair: Russia Can Collapse US Economy

Gold expert Jim Sinclair is issuing a warning of a massive downside risk to U.S. sanctions against Russia. Sinclair says watch the “struggling dollar” and Russia accepting any currency for oil and natural gas. Sinclair explains, “It’s struggling . . . because it smells the real teeth of retaliation for sanctions being in the simple acceptance of any currency whatsoever for payment for gas to Europe. Believe me, they will settle in other currencies. . . . It makes energy cheaper. Why in the world would anyone want to pay in dollars if they can pay in their own currency? Russia could retaliate in a way that would have phenomenal impact on the U.S. dollar. . . . Russia has the upper hand. They have it in their ability to turn the U.S. economy upside down and into collapse. There is no question whatsoever. Putin doesn’t need a nuclear bomb. He has a nuclear economic bomb that he can set off at any time.”

20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind

Abandoned-Mall-Photo-by-Justin-Cozart-300x300

If the U.S. economy is getting better, then why are major retail chains closing thousands of stores?  If we truly are in an “economic recovery”, then why do sales figures continue to go down for large retailers all over the country? 

What do you think?

Labor Force Participation in 2013 Lowest in 35 Years

LABOR FORCE PARTICIPATION-2013-BLS_1

he average annual labor force participation rate hit a 35-year-low of 63.2 percent in the United States in 2013, according to data from the Bureau of Labor Statistics (BLS).The last time the average annual labor force participation rate was that low was in in 1978, when it was also 63.2 percent. Jimmy Carter was president then.

What Student Loans Are Really Used For: The Depressing Case Studies

Student-loans

Some of our readers may have missed our post from September 2012 in which we showed that far from being used for their generally accepted purpose, student loans – now well over $1 trillion and more than the total credit card debt outstanding – in numerous instances are instead abused to fund virtually everything else besides paying for tuition.

Russian Stocks Crash As Central Bank Scrambles, Hikes Rates Most Since 1998 Default

russianstockmarketcrash

Following a 150bps rate hike by the central bank – the largest since the 1998 default –desperate to halt capital outflows and a collapsing currency, Russian stocks have crashed 11% led by some of the country’s largest banks. USDRUB rose to just shy of 37 – the weakest RUB rate on record – but rallied back a little on the rate hike but the MICEX stock index tumbled 11% to almost 2-year lows with Sberbank (Russia’s largest bank) down 17% and VTB (2nd largest bank) down 20%. Between the threat of economic sanctions from the West and simple risk-aversion-based capital flight, as one analyst noted, “uncertainty risks a further escalation in domestic capital outflow.”