Key FindingsBetween the mid-1980s and 2010, the cost of a Bachelor’s degree in public and private colleges increased by 421% and 303%, respectively;Over the same period, the average post-graduation salary saw a 165% increase, while the federal minimum wage jumped by a mere 116%;Baby Boomers earning minimum wage could pay back their public college tuition by working just 1,410 hours—a figure that dropped to 481 hours for those earning the average post-graduation salary;In comparison, Millennials earning minimum wage need 3,398 working hours to pay back their public college tuition and 1,004 hours if they earn the average post-graduation salary;When attending private colleges, Millennials need to work five times as many hours as Baby Boomers to pay down their tuition if they earn minimum wage;Despite enjoying more affordable college, Baby Boomers have racked up $78.2 billion in federal student loans to put their kids through school.
Category Archives: Technology
“Governments will probably mandate CBDCs as the “solution” when the next real or contrived crisis hits—which is likely not far off. That’s the bad news. The good news is that CBDCs are destined to fail.”
Source: The Globalists Want CBDCs In 2024… What Really Comes Next Will Surprise Them | ZeroHedge
You Already Own Nothing
Webb’s book illustrates, among other things, how changes in the Uniform Commercial Code converted asset ownership into a security entitlement. The “entitlement” designation made personal property a mere contractual claim. The “entitled” person is a “beneficial” owner, but not the legal one.
In the event a financial institution is insolvent, the legal owner is the “entity that controls the security with a security interest.” In essence, client assets belong to the banks. But it’s much worse than that. This isn’t simply a matter of losing your cash to a bank bail-in. The entire financial system has been wired for a controlled demolition.
Webb describes in detail how the trap was set, and how the Great Depression provides precedent. In 1933, FDR declared a “Bank Holiday.” By executive order, banks were closed. Later, only those approved by the Fed were allowed to reopen.
Thousands of banks were left to die. People with money in those disfavored institutions lost all of it, as well as anything they’d financed (houses, cars, businesses) that they now couldn’t pay for. Then, a few “chosen” banks consolidated all the assets in the system.
Source: Intentional Destruction: First COVID, Now Comes “The Great Taking” | ZeroHedge
Do not ignore this.
In other words, the Austrian school is uniquely positioned to point out that UBI-ism would be a singularly destructive form of communism, since classical Soviet-style communism, even though supremely wasteful, was at least committed to diligence rather than idleness. Thus, it unwittingly nourished the spirit of dedication which, when combined with the spirit of defiance, brought about its eventual collapse. However, nothing similar can be said about UBI-ism, which eliminates the spirit of defiance by promoting universal shiftlessness and indolence.
Source: Austrian Economics Vs. CBDC, ESG, UBI, And Other Newfangled Socioeconomic Gimmicks | ZeroHedge
These troubling early signs give credence to Schmidt’s warning that AI should be regarded as equally and inherently dangerous as nuclear bombs. Where he and other WEF-allied global “elites” differ from the scientists involved in the Manhattan Project, however, is in their seemingly urgent desire to turn these awesome AI weapons directly against Western peoples.Clearly, if Schwab’s World Economic Forum intends to usher in an AI-powered Utopia where he can be the “master of the world,” then he has little use for human beings. In a very real sense, humans become nothing more than “things” to be counted, shuffled, categorized, tagged, monitored, manipulated, and controlled. They become nothing more than cogs in the WEF’s great trans-humanist, technocratic machine — useful for a time, perhaps, but ultimately a burden to feed and house and logically expendable. If artificial intelligence can do the thinking that Schwab needs and support the ideas that Schwab adores, then humans are just in the way. Should the World Economic Forum get its centralized Utopia, the “thingification” of the human race will be a giant step toward its eventual disposal.
Source: The World Economic Forum’s ‘AI Enslavement’ Is Coming For You! | ZeroHedge