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The video starts off claiming that children are brainwashed since Grade 6 to do well in high school in order to enter college. And then they make the nonsensical claim that college textbooks are overpriced scams. But in reality, college textbooks are expensive because textbook publishers have obtained a monopoly over university and higher education markets allowing them to charge exorbitant prices to vulnerable students. In fact, college textbooks are already sold to you at an extremely inflated price. The documentary also claims that our public education system (starting from elementary school all the way up to university and beyond) is nothing more than propaganda and lies.
In summary, this whole video is nothing more than an infomercial for silver and gold.
This documentary features Gerald Celente, Guy McPherson and several other conspiracy theorists who spew a bunch of uneducated drivel. Even though these conspiracy theorists claim to have a college education, they are nonetheless biased and misinformed about college education.
For example, Guy McPherson claims that college is worth avoiding in all circumstances. That's simply not true. While student loan debt is often a bad thing, you should still go to college in order to get certain white-collar service sector jobs, such as being a doctor, lawyer, teacher, engineer or scientist of some sort. College doesn't guarantee you a successful career, but without a college degree, you simply have no chance of entering certain professions.
Guy McPherson also claims that college these days is too easy and that students are getting 4.0 GPA with ease. Again, this is a baseless statement with no real statistics to back it up. There is no proof that college is easier today than it was during the 1970s or 1980s.
Student loan debt will cause hyperinflation
Again, there is zero evidence for this claim. Why is that? It is because the only way student loan debt can cause hyperinflation is if student loan debt is dischargeable through bankruptcy. If student loan debt is dischargeable through bankruptcy, then the student loan debt will be forgiven. And once that happens, the taxpayers will have to pay for the forgiven student loan debt. And then the Federal Reserve will have to print an excessive amount of money, thereby causing hyperinflation.
But that's clearly not the case because student loan debt is not forgivable under any circumstances. So there will most likely not be hyperinflation caused by student loan debt.
Pharmacy and law school are bad too
Again, the filmmakers have presented no real evidence for this. All they presented were anecdotes such as supposedly some person claiming that it was very difficult to find a job as a pharmacist. Maybe this might be true for some pharmacists, but there is no evidence that there is an oversupply of pharmacy students and/or a lack of available jobs for them.
The filmmakers also claim that law school is a scam because most people who graduate from law school end up doing low-paid service sector jobs like Walmart and McDonald's. Again this is biased and inaccurate information. Yes, some law school graduates end up doing jobs that don't require a college education right after they graduate law school, but most law school graduates eventually end up doing a job in the legal profession.
- College Conspiracy (archive snapshot)