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the split

December 24, 2010 32 comments

crossing the chasm

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12.24.2010

As we move ahead into 2011, one theme presented is a matrix like split in western societies, particularly in the US. This split revolves around a corporate media portrayal of the world where reality is landscaped by an ideology, and by an actual reality that increasingly diverges from that untouchable paradigm of media concocted “truth”.

In this synthesized version of reality revolving around ideals such as fan worship, celebrity gossip and political correctness, independent or critical thinking is discouraged. Inconvenient events are to be quickly forgotten or deconstructed into an unrelated chain of events.

There is now rarely any mention of the two wars the US is currently fighting, one being the longest in US history. There are no images  of Detroit on TV, where garbage collection has now ceased and trash is piled up in the streets 30 feet high. There are no live video reports of 8,000 formerly middle class families now living in the woods in tents in three counties surrounding Orlando Florida. There is no mention of miles of sub surface oil slicks poisoning our air and water.  There are no warnings about toxic seafood. There is no discussion about lives and generations old ways of life that have been destroyed by greed and corruption.  85 percent of US college graduates are returning home after graduation jobless and saddled up with a lifetime student loan debt but you have to read about that outside the corporate medias realm.  The truth has become bad for business.

From the corporate media there are instead sound bites, bright lights, smiling faces, and corporate media news lies built around an ideological and political agenda.  Anyone in the media who fails to dutifully execute the party line propaganda is quickly un personed. Any high profile figure who dares to contradict the party line encounters a vindictive character assassination by the people who formulate everything you think you know.  The “experts” they promote are professors of fraud, quite often of the now thoroughly debunked Keynesian economic theory kind.

There is a new elephant in the room, and it is the schism, the chasm, this huge divide; the split between what people are supposed to be thinking according to monolithic power obsessed media moguls, and what’s really going on. Already in 2010 several surveys showed that a majority of Americans no longer believe the government even has the continued authority to govern. The approval rating of the people’s representatives has been languishing barely into double digits for years, and over 2 ostensibly different regimes. The standard of living of the average citizen in the west has taken a nosedive, with Americans being particularly hard hit. The banks control an ever larger share of national GDP, yet they do not make anything or provide any societal benefit. Instead they provide enslavement of a nation via credit creation. The elitist banking class are wholly parasitic by nature and yet they run the world. They exist solely by skimming money from other people, or by creating money out of nothing then collecting interest. It is no wonder ways of life and standards of living of ordinary people are being sacrificed. There is a finite wealth in the world and it is increasingly being allocated to the banking class, by the banking class, at the expense of everyone else in the world.

So today there is one segment of society worldwide who still unquestioningly takes the big government party line dope and manufactured government statistics, and one segment where the machine has lost some or all of it’s credibility. The manufactured version of reality now bumps up against what is actually happening in the world. This group of believers and non believers are encouraged to fight among themselves as the divide between the truth and media professed reality grows.

The group of believers who erroneously assume that the government and banking class operate in their best interest continually shrinks however as they are personally touched by the fraud, deceit and corruption which are the three pillars of the emerging plutocracy.  As we go forward, the lies are already out in the open for anyone willing to open their eyes.

We have already seen austerity inspired riots and labor strikes in Iceland, Ireland, Greece, Italy, the UK and France. The increasingly large group of non believers are rioting over a banking class takeover and imposed austerity, theft of their formerly guaranteed pensions or sale of national assets to the banking elites.

Simultaneously, the US is quietly being suffocated. The people are dulled by prozac and flouride. They are drowned in an ocean of celebrity gossip, fansmanship and genetically engineered food proven to kill or injure the unsuspecting mammals who consume it. For the remaining believers, their entire reality is now rooted in deceit and lies, in ignorance and racism;  in religious ideology or media inspired hate;  in a left vs right smokescreen. Everything they believe, everything they think they know, is mostly rooted in lies, propaganda and disinformation. The plutocrats believe they are acting as divine gods on this planet and that the ignorant masses are sub human beasts to be told noble lies and used until they are used up. The chasm, the split, is the gaping wound between truth and illusion.

There is a revolving door between the oligarchs and the government.  Corporate rock star CEO’s now endeavor to patent nature or make a killing on war while looting the corporations they run. Bankruptcy is a tool used to shaft the employees, creditors and shareholders.  One hand shakes the other in a corrupt corporate America protected and in some cases financed by taxpayers themselves. The private for profit banking system owns the treasury and exploits it’s control of the people’s labor via the creation of unlimited debt. The people, the useless eaters are mostly apathetic, detached and clueless as to the forces shaping their own destiny.  They are in effect the enemy of the plutocrats. They are to be placated and entertained; used and used up.

The man elected to change all of this increased the size of the wars he was elected to end. Instead of promised change, there has been more of the same. More lies, more greed, more corruption, more skimming of the wealth from the people to the banking elite and plutocrats.  These oligarchs hide behind bulletproof glass and fly learjets to secret meetings. They skim the people’s wealth and host lavish parties where the cost exceeds the lifetime income of many people in this world.

Everything that has happened since the people’s hope for change came on board has benefited not the population of the world, but this small group of financial elitists who own the entire political body, set the policy and make the rules. They rule from behind a curtain of fraud, deceit, corruption amid a sponsored media festival of lies. The real brokers of money, power and policy create money out of thin air and operate in the shadows, off limits from any focus or disclosure in the media empires they own or control. The entire political body are but a hapless host of stewards on a ship of fools, cowering in fear of the media and the money which owns and sponsors them all.

The media vetted so called “leader of the free world” is a powerless obedient mascot dishing out tyranny and loyal only to the money interests who own him. He controls nothing and is told what to think and what to do by corporate lobbyists and special interests. Should he wander from his assigned script, a character assassination would be promptly performed by the corporate media who he relies on to maintain his power.

The propaganda is all propelled into public consciousness from an increasingly monolithic global mega media propaganda machine which operates as a privatized version of state sponsored media. Debates are framed. PR and ideological opinions are bought and sold then disguised as news. Lies are sold as the truth. Ignorance is sold as a virtue.

With this tremendous loss of trust in the media and government worldwide, on comes the head of the US department of Homeland Security via a wide screen tv at the local wal mart. The attorney general warns you to be very afraid. The TSA is strip searching you and your children. Random shakedowns on the DC subway.  More rules. More restrictions. More forfeited rights. More permissions being revoked. Anyone critical of the emerging elitist plutocracy finds themselves to be the enemy. As the propaganda migrates to the internet, we have TSA shills trolling the blog comments and a 2 billion dollar PR budget for the government to propagandize the people with their own money.

Out of the ashes of a complete loss of trust and a 2 billion dollar propaganda budget is born a new modern day robin hood wearing white. He does whirlwind media tours. He publishes credible leaks that damage everyone except the people in charge. The people are like clay. They are easily molded and shaped. What they believe to be true is subject to what they are taught to believe by the oligarchs who control the media and the creation of money.

So the world today is a giant theater production where the BBC and FOX news release 20 minutes in advance the news that WTC7 has collapsed on the day of the New Pearl Harbor. In 2010 we have Joe Lieberman telling us why we needn’t be concerned that WTC7 collapsed defying a host of laws of physics in the process or that every law regarding a crime scene investigation was violated. There is no mention in the media machine of peer reviewed scientific papers showing high technology high explosive residue in the dust.  There is no mention of any of the important information people need to know to make informed decisions.

The single event that changed everything has proven to be a lie which now has to be protected. An ideological agenda has been put forth. America has been subverted from the inside by the banking class. The people’s wealth has been destroyed or is being confiscated. In Orwellian doublespeak the ever larger group of non believers are labeled as domestic dissidents, terrorists, radicals, and extremists when the people in charge are the ones who are all of those things.

Thomas Jefferson warned us it would happen. He knew this because the founders of the US were revolting against an aristocratic banking class authoritarian rule by the same banking aristocracy lineages who have now subverted and anonymously control the once free USA.

British tyranny via control of the money has caught up with America once again in the 21st century. The now global banking aristocracy is attempting to shift the wealth of the world to itself through a shell game where assets of countries are traded for notes manufactured out of thin air backed only by the labor of the same citizens forced to accept the fraud. This is a world where armies are policy enforcement or asset acquisition tools of the plutocrats. This is a world where the people providing the labor to fund the machine are to be used until they are used up. Their toil and their labor is only to fund the lavish lifestyle of a plutocratic elite.

So as we begin 2011, we move headlong into a world where the real truth is becoming nearly impossible to discern. The need for protection is blanketing and permeating every aspect of the lives of ordinary people. Governments living off of printing presses are getting larger, more authoritarian, more dangerous and more bankrupt. The world moves towards a single currency with few alternatives where global power and control can be consolidated. The people all suffer. Standards of living decline. Real wealth decreases. Social problems, crime and drug use increase. Western society continues a slow rot, a decay, amid an insolvent banking system that owns a media wing from which the false flag terror propaganda is catapulted by the oligarchs. The giant suffocating squid tells you to spy on your neighbors and be very afraid.

As an ordinary participant in a western world society, the party is over. Your former way of life is being revoked under the guise of an endless war waged by criminals wielding fake terror and posing as your savior and protectors. There is nothing you can do about it except to get out of the way.

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the economics of higher education

February 24, 2010 12 comments

 

By Lotta Debt
2.24.2010
EarthBlog News©

Tiny URL for this article: http://wp.me/pOhuI-5k

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Editors note: There are aspects of a college education to consider beyond pure economics. For example, a career path offered to a college graduate could be more interesting, stimulating or rewarding than a job which doesn’t require a college degree. Things learned in college could provide useful guidance outside of the career. This article makes certain assumptions. The point of the article is not the assumptions, the point is to attempt a general methodology of evaluating the economic value of a college degree today versus the cost. As the cost of higher education rises ever higher relative to income, clearly there is some limit on cost versus expected earnings that would relegate a college degree to be a poor economic decision.  Have we already reached that point? If we have, or when we do, what does that argue for the future of our country?

Americans today are generally aware of the high and ever accelerating cost of a college degree relative to current income. What Americans may not be aware of just how high the cost is.

Lets look at the economics of college.

Massachusetts Institute of Technology
Costs
Undergraduate student costs for the academic year 2009–2010 at MIT will be about $52,000.
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So the total cost of a 4 year undergraduate degree is approximately $208,000. The total cost of an advanced degree would be $260,000.

Now lets assume you have either have the $260,000 for an advanced degree at MIT, or you borrow the money paying 7% interest.  Let’s also assume a 45 year working career upon graduation.

The future value of $260,000 invested (or borrowed) at 7% interest 45 years hence is $5,460,637. Broken down into equal amounts over 45 years, that is $121,347 per year.

So, using these assumptions (feel free to use your own), the college graduate has to make $121,347 per year, every year of his career after college, to just to pay for the education.

Lets say the non MIT counterpart opted instead of college for a trade job. Lets pick an Auto Mechanic.

Auto Mechanic Salary & Pay Scale
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Looking through this data, we will assume a modest average annual salary of $40,000 a year for an Auto Mechanic.

Let us note that the MIT Graduate will have to make an average annual salary after graduation of $161,347 to equal the salary of his counterpart, the Auto Mechanic. We will ignore for the purpose of this exercise that the Auto Mechanic started his career 5 years earlier.

So using these assumptions, from an economic perspective, is it a reasonable expectation to earn $161,347 or more upon graduation?

Looking further into the economics of higher learning, today there is data showing as many as one in six college graduates are living at home upon graduation, and unable to find a job. Lets call that 17%. Turning that around, that is an 83% success rate. In considering the economics of a degree, the possibility of not obtaining a job in the chosen career field must be considered.

If your required break even return upon graduation to pay for the costs of college is $121,347, and further if you consider the unemployment possibility, that collectively increases the break even salary requirement to $121,347/.83 or $146,201. So using these assumptions, the collective earnings among all graduates has to be on the order of $150k per year, every year in order to pay for their education.

Note: Footnotes will be added dynamically to this article so please check back if you are interested in the subject.

16 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam

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About 1 in 6 college graduates earns less than high school graduates
By United States Department of Labor
Earning generally increase with additional educational attainment, but this is not true for every individual. In 1996, about 17 percent of college graduates earned less than the median high school graduate.
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College graduates move back home
As entry level jobs are harder to find and living independently becomes more expensive, recent graduates are moving back home in greater numbers.
By Gerri Willis, CNN personal finance editor
July 23, 2009
(CNNMoney.com) — They’ve been dubbed boomerang kids and a recent poll by collegegrad.comshows that 80% of 2009 college graduates moved back in with their parents. That’s up quite a bit from recent years.
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Back to the Nest
By Deborah Weiss
The most recent census figures show that 56 percent of men and 43 percent of women ages 18 to 24 live with one or both parents, and an estimated 65 percent of recent college graduates have moved back in with their parents.
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Does a College Degree Protect your Career? Unemployment Rate for College Graduates Highest on Record
By Mybudget360
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College graduates struggle to repay student loans
By Christine Dugas, USA TODAY
Thousands of college graduates are facing a student loan crisis. The job market is shrinking, and the sour economy is preventing employers, parents and relatives from helping those who are behind on payments.
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No Job And $50,000 In Student Debt. Now What?
Deb Weinstein
02.23.10
I had a plan to pay off my career-changing graduate school debt. Now all I can do is defer payments. Or win the lottery.
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Major Trends in Employment: College Graduates Now Facing Higher Unemployment, U-6 Rate now at 14.8%, and 4.3 million jobs lost during this Recession.
Mybudget360
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Job market worsens for recent college graduates
Unemployment among young adults is worse than the U.S. average. Little relief is in sight.
By Don Lee
The unemployment rate dropped last month for men and women, blacks and whites, lifting hopes that the long dry spell in the jobs market may be coming to an end. But for recent college graduates and other young adults, the labor situation didn’t just remain dire — it got worse. For 20- to 24-year-olds, the jobless rate rose four-tenths of a percent to 16% in November, even as unemployment nationally slipped to 10% from 10.2%. And data from the Labor Department show that the unemployment figure for college graduates in that age group was 10.6% in the third quarter — the highest since early 1983 and more than double the rate for older college-educated workers.
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Americans growing more skeptical of college motives and costs
By Bill Graves, The Oregonian
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Down and Dirty with Financial Institutions and the Cost of Education
In the heart of every American is the desire to be successful.  A person’s conception of success can vary from person to person.
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University of California campus erupts in riots
03 March, 2010,
Violence breaks out as students at the flagship school of the University of California protest stiff tuition hikes.
Students at the University of California’s flagship Berkeley campus took to the streets on Friday night, vandalizing university buildings, burning trash cans and clashing with police in the latest expression of frustration over cuts to the educational budget in California.
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College Graduates’ Debt Load May Outstrip Ability to Repay
By Janet Lorin
April 26 (Bloomberg) — Students, especially at for-profit universities, are leaving college in the U.S. with a debt load large enough to raise questions about the ability of many to repay loans, a study found.
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