Tuesday, May 18, 2010

Celente: Stop wasting your money and going to college

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I took the trouble to transcribe this quote so I thought that I would share...

Gerald Celente, from the 5/12/2010 show, at 1:22:48 in:

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Stop wasting your money and going to college and getting a degree in 'business administration' -- and this is a lot of baloney. If you're going to go to college, only do it for a skill that you can get a return on investment. That's one of the biggest rackets in this country. We talk about the military industrial complex, big pharma, big food -- it's also the college industrial complex. This is one of the greatest scams going on in the world.

I love it! 'Oh my, my son got a scholarship. Not a full sholarship, a partial scholarship.' How much is it going to cost? 'Oh, only about $20,000 a year. Oh, it would have cost $40,0000 a year.'

Yeah, you know what it's like? It's like going to one of these bazaars in Turkey, where they give you 'Oh, you can buy it for this price!' They'll get any dollar that they can get.

You're wasting your money sending your kid to school if they're not going to get a diploma that's going to buy them a job. Stop this nonsense and put the money to good use, andi if you want to get a skill in business administration, start as an apprentice working for somebody...

... these kids are getting out of college with $50,000 in debt, and they can't get a job stocking shelves at Walmart at one in the morning.

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