Gold collapsing. Bitcoin UP.

[ErisDiscordia]

Student loans the fastest growing debt.
They are getting them younger.
The education can't be taken away, but you also can't pass it on to your heirs.
It is as ephemeral as it is inalienable.

worse than that, college provides students with schooling, not education.

Any education may occur is purely accidental and contrary to the goal of producing well-schooled students.

There's a distressing amount of distrust of "education" in this thread sometimes. I have to say, aside from this community, higher-ed has, in my experience, been full of the most establishment-challenging people I've ever met. Granted, they tended to skew fiscal-liberal (youth and inexperience can do that), but nevertheless displayed honest and critical questioning of the status quo, over a pretty wide variety of thought.

That said, you may be specifically referring to K-12 public education in the US, in which case I'll offer no opinion because I have no personal experience with it.

regarding education:

Our whole school system is designed to turn people from random individuals into mutually interchangeable parts of a big machine. What is the first thing you learn in school? It's not reading, or writing or any of that stuff which your parents or their friends could have taught you by themselves if they weren't too busy being parts of the machine. It's that your time is not your own. It doesn't belong to you. It belongs to the authorities who will tell you when to be at a certain place, doing certain things. Better get used to it kiddo, because it's going to be like that for the rest of your life!

Next thing you learn is that mistakes are bad. So bad in fact that it is preferable to do nothing than to make mistakes. Oh and don't bother thinking for yourself. There is exactly ONE correct answer to everything and we already have it so don't bother with that, just memorize these text books.

Btw I went to university. I was interested in the subject they were "teaching". What a huge pile of horse crap that was. I quit. Everyone told me I am crazy, without education I won't get a good job! Right. As if having a Job (acronym for "Just over broke") is the only way to get by in life. Anyway I told them they are crazy for wasting their best years in such a rotten institution. And they knew it was shit. But the momentum of the whole system just carried them further and they stayed, finished their schools, got into jobs and started turning into miserable zombies just as predicted. And the ones who actually stayed in school even further, turning themselves into academics? They were the worst of the bunch. Lifeless, bland individuals, without any original thought in their heads. Conforming to the standards of authority has become the alpha and omega and everything else takes the back seat. Except their bitter conviction that somehow they are relevant. That somehow the guy who spent his whole life in academia can teach businessmen about management.

[1714195728]

1714195728

[1714195728]

1714195728

[smoothie]

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 3/22

Bitcoin 4.77   (down ~12%)

Gold 1640  (down ~3%)


Which one is "Collapsing"

 

I found a GEM from the past. 

[Wekkel]

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 3/22

Bitcoin 4.77   (down ~12%)

Gold 1640  (down ~3%)


Which one is "Collapsing"

 

I found a GEM from the past. 

Indeed, legendary....

[Hunyadi]

this thread was started 3/13

Bitcoin  5.40

Gold 1690.


today 3/22

Bitcoin 4.77   (down ~12%)

Gold 1640  (down ~3%)


Which one is "Collapsing"

 

I found a GEM from the past. 

Indeed, legendary....

Yep, those are not mBTC prices 

[thezerg]

the Fed is going to do whatever it takes to fight this deflation, so look out.  but will they really raise interest rates?  i seriously doubt it.  this Keynesian experiment has created a very high risk situation so get yourselves into safety, however you define that.  Fall is coming and the worst crashes usually come during this time:

How do you define safety in this crazy environment?

[cypherdoc]

the Fed is going to do whatever it takes to fight this deflation, so look out.  but will they really raise interest rates?  i seriously doubt it.  this Keynesian experiment has created a very high risk situation so get yourselves into safety, however you define that.  Fall is coming and the worst crashes usually come during this time:

How do you define safety in this crazy environment?

Bitcoin

[thezerg]

the Fed is going to do whatever it takes to fight this deflation, so look out.  but will they really raise interest rates?  i seriously doubt it.  this Keynesian experiment has created a very high risk situation so get yourselves into safety, however you define that.  Fall is coming and the worst crashes usually come during this time:

How do you define safety in this crazy environment?

Bitcoin

obviously  , but let's imagine you want some diversification...

[nicepumper]

Gold and silver are dinossaur assets, the only thing worth any money is Bitcoin.

[cypherdoc]

the Fed is going to do whatever it takes to fight this deflation, so look out.  but will they really raise interest rates?  i seriously doubt it.  this Keynesian experiment has created a very high risk situation so get yourselves into safety, however you define that.  Fall is coming and the worst crashes usually come during this time:

How do you define safety in this crazy environment?

Bitcoin

obviously  , but let's imagine you want some diversification...

USD or UST.  flip a coin.  i think one of them will suffer in the next downturn and i'm not sure which one.

[sidhujag]

Bitusd aslong as btsx keeps rising:)

[hdbuck]

The Elephant In The Room: Deutsche Bank's $75 Trillion In Derivatives Is 20 Times Greater Than German GDP

http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

oh my ^^

[cypherdoc]

https://twitter.com/cypherdoc2/status/504655213077495808

[cypherdoc]

The Elephant In The Room: Deutsche Bank's $75 Trillion In Derivatives Is 20 Times Greater Than German GDP

http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

oh my ^^

the whole system is like that.

this is why alot of ppl predict a massive deflationary event (deleveraging) followed by hyperinflation as the CB's print to try and stop the deflation.  otoh, you really have to admire how well they've kept the system duck taped together at the expense of the public.  how long can it last?

[cypherdoc]

As CNBC notes, since the recession ended, lower-wage jobs have grown by 2.3 million while medium- and higher-wage jobs actually contracted by 1.2 million. This is in line with the ground-losing 2% wage growth the job market is seeing.

Now you see why the big gains in housing starts and permits are pretty much concentrated in apartment construction, not home building.

http://www.housingwire.com/blogs/1-rewired/post/31088-truth-is-those-recent-housing-numbers-arent-so-shiny#.U_36bRp2wvE.twitter

[wachtwoord]

this is why alot of ppl predict a massive deflationary event (deleveraging) followed by hyperinflation as the CB's print to try and stop the deflation.  otoh, you really have to admire how well they've kept the system duck taped together at the expense of the public.  how long can it last?

"Ain't nothing a little duck tape can't fix!"

[wachtwoord]

Oh and German bonds are negative up to three years out. 10Y out they are at record lows. Could be related: http://www.zerohedge.com/news/2014-08-27/greatest-depression-german-yields-now-negative-through-2017

[cypherdoc]

Oh and German bonds are negative up to three years out. 10Y out they are at record lows. Could be related: http://www.zerohedge.com/news/2014-08-27/greatest-depression-german-yields-now-negative-through-2017

unbelievable.  can you imagine having to "pay" to own one of these debt instruments?  i understand the argument that it has a state guarantee behind it but c'mon.

[cypherdoc]

yes, UST's following suit.

so who the hell is buying stocks?

[botany]

Oh and German bonds are negative up to three years out. 10Y out they are at record lows. Could be related: http://www.zerohedge.com/news/2014-08-27/greatest-depression-german-yields-now-negative-through-2017

unbelievable.  can you imagine having to "pay" to own one of these debt instruments?  i understand the argument that it has a state guarantee behind it but c'mon.

Could it be due to regulations? In some regions, banks are forced to hold a certain portion of their reserves in government bonds. If somebody is desperate to own these instruments for regulatory reasons, it can depress the yield.

[wachtwoord]

Oh and German bonds are negative up to three years out. 10Y out they are at record lows. Could be related: http://www.zerohedge.com/news/2014-08-27/greatest-depression-german-yields-now-negative-through-2017

unbelievable.  can you imagine having to "pay" to own one of these debt instruments?  i understand the argument that it has a state guarantee behind it but c'mon.

Could it be due to regulations? In some regions, banks are forced to hold a certain portion of their reserves in government bonds. If somebody is desperate to own these instruments for regulatory reasons, it can depress the yield.

Please lend me 100 euro now and I'll give you back 97 in 3 years!