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Is a College Degree Worth It? You Decide

By: Peter Schiff | Wednesday, November 14, 2012

Interviewing various bouncers, bartenders, pedicab drivers and other low-skilled workers along Bourbon St. in New Orleans, Peter found almost everyone had an expensive college degree. And not meaningless ones, either. He found people with advanced degrees in neuroscience, robotics, radiology, and mechanical engineering, to name but a few. One woman who works as a sign holder said she "lucked out" by owing only $25,000 in student loans!

"President Obama promotes the myth that everyone must go to college," says Peter. "That if you don't go, your life will be ruined - that you will end up waiting tables, or trapped in some other mundane occupation. The truth is, even with a college degree, you may still end up waiting tables, you'll just begin your 'career' four or five years later, tens of thousands of dollars in debt."

 


Peter Schiff, CEO of Euro Pacific Capital and radio host of The Peter Schiff Show, is the author of The Real Crash: America's Coming Bankruptcy.

 

Author: Peter Schiff

Peter Schiff C.E.O. and Chief Global Strategist
Euro Pacific Capital, Inc.

Peter Schiff

Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nations leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and has appeared on CNBC, CNNfn., and Bloomberg. In addition, his views are frequently quoted locally in the Orange County Register.

Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkley in 1987. A financial professional for seventeen years he joined Euro Pacific in 1996 and has served as its President since January 2000. An expert on money, economic theory, and international investing, he is a highly recommended broker by many of the nation's financial newsletters and advisory services.

Copyright © 2005-2014 Euro Pacific Capital, Inc.