Saturday, October 21, 2017

Scamming East Indians and Asians on American College Degrees

There was something I noticed when I'd occasionally stop by the website of my alma mater, "The Carlson School of Management."  A VERY disproportionately large percent of students in the pictures were of East Indian descent.  I found this odd in that most of the East Indians I met while attending college were in IT programs.  This then made me wonder if business schools, forever hungry and desperate for other people's money, weren't hocking their (more or less) worthless degrees to poor foreigners who didn't know any better.

Coincidentally I received an e-mail from one Pranab Prabhash, who has written a book, but also attended business school.  I asked him to write a guest piece on his experiences as an Indian attending business school and thought his insights and thoughts might prove useful to others.  He is also the author of "Perils of Information Age" and is a book you may want to consider picking up.  His post below:

Here are some very interesting outcomes of the HSBC surveys "Value of Education". More than 90% of the parents in Asian countries India, China, Indonesia, Malaysia believe that having an undergraduate degree or higher is necessary for their children to achieve their life goals. Interestingly, the number drops to almost 50% for USA, Canada, UK and Australia. 

When it comes to international education, the US is regarded as offering the best quality of education worldwide, but is the most expensive destination globally. However, a lot of surveyed parents hugely underestimate the costs. A lot of doe-eyed students come to US for studies and go in deep debt funding their college education. Many of them are left disillusioned in pain and debt in the end, but not many knew about it beforehand. Ironically though, as per the HSBC survey a vast majority of Asian parents, considering a university education abroad for their child, were willing to go into debt to fund their child’s university or college education.

Among the surveyed parents, satisfyingly most have a specific occupation in mind which is driven primarily by earning potential. The most favored subjects for parents would be medicine; business, management and finance; engineering; computer and information services; or law.

As an international student who has done an MBA in USA, the above data bothers me because I can see their validity in my personal experiences and in the struggle of fellow international students. It raises a few questions. Is college education worth the money? Is college degree an appreciating asset or a depreciating asset? Do we see prestigious colleges as educational institutions or as expensive membership clubs? And most importantly, are all college majors equally valuable?

Since, my MBA days I have pondered over the above questions, and I believe today's internet fueled Information age is exacerbating the issue. One of the key negative side effects of today's Information age, among other things, is the issue of college majors. There is a proliferation of worthless knowledge subjects and a growing impotency of academic training. The college education system is feeding on our insecurity to become successful and our ingrained reverence for scholars.

If you are bothered by similar issues and want to know how to deal with it, then the book Perils of Information Age might interest you. 

WHO? Robert Mugabe?

Remember, these organizations are NOT entities meant to help the poor, boost economic growth, or help the children.

They are evil entities used to employ the world's most connected, worthless, and corrupt social justice warriors.

Friday, October 20, 2017

Will Leftist Politics Trump Biology?


In the latest instance of virtue signaling insanity, Playboy has announced the very first ever transsexual Playboy Playmate.

Never mind this misses the mark by 180 degrees.
Never mind no straight man will ever want this.
And never mind it's simply in the absolute worst financial interests of Playboy, Inc.

This is the new marketing strategy corporate America has embraced, not to mention proof that such leftist lunacy is NOT relegated to the radical fringes of leftist ideologues, but is becoming institutionalized among America's mainstream institutions.

But this trend of American corporations, governments, schools and other institutions embracing rank leftist insanity begets an interesting question.  Will it work? Will it stick?  Because when you boil down this political movement to it's core, it's simply trying to take a political ideology and change human nature with it.  To wipe out humanity with a socialist utopia.  To deny humans their right to live and evolve as they see fit, and control it instead with a naive (and untested) leftist blueprint.

Disgusting as this may see to sane people, it still piques my interest because it presents the collision of an unstoppable force with an immovable object.

In one corner you have the unstoppable force of leftist politics.  31 flavors of gender. Gender and race are social constructs.  You don't need fathers.  Womendon'tneednomanfishbicycle ™.  Follow your heart and the money will follow.  In short the entirety of that past 50 years of leftist politics.

In the other corner you have the immovable object of a mere 2 million years of human evolution.

And, as is always the case when an unstoppable force collides with an immovable object, the laws of physics dictates an explosion...and Sammy David dictates "something's gotta give."

And what's going to give is the quality of human life.

Let us be clear.  Between the two fighters entering the ring, one is a naive 50 year old, cultish religion, born from humanity's most spoiled, softest, and weakest minds, while the other is an 800 pound gorilla called "2 million years of human nature."  And no matter how adamant, unstoppable, and relentless, when you don't abide or live by reality, the laws of nature, human nature, the 800 pound gorilla is going to beat you senseless and you will take damage.  The real issue is whether you learn from human nature and start abiding by it, or (as is the case with leftists) keep throwing yourself up against this gorilla.  And while I've certainly learned my lessons getting beaten by the gorilla of reality, so fervent, so dedicated, and so brainwashed are leftists today, they will stay in the ring with that gorilla until they're dead.

The examples are many, funny, and sadly sometimes tragic.

For example take liberal arts majors.  Always "follow your heart and the money will follow."  "Make a change and major in social justice!"  "Study critical thinking" and somehow think there's a career in it for you.

In the end you've crippled yourself financially for the next decade with student loans.  You're not going to be able to buy a house or raise a family.  And some of you may even have to resort to prostitution to make ends meet.

Another example, transgendered people and the push for the 31 flavors of gender.

I'm actually quite libertarian when it comes to sexuality and sexual choices.  I'm pro gay marriage, I personally don't care what you do with your body as it's yours.  And if you want to believe you're a "pansexual" buy all means go right ahead.

But under the boisterous celebration of transexuality, the institutional championing of it, and the political rush to bow down and worship it lays tormented souls where 41% of transgendered people attempt suicide.  Again, plaster as many transgendered Playboy Playmates as you want on the centerfolds, the "Gorilla of Reality" does not care and you are going to take considerable damage.

Feminism anyone?

For eons men and women played a yin and yang, complimentary relationship.  Where men had weaknesses, women had strengths, and vice versa, and when combined into one, humanity not only succeeded, but excelled.  It's so painfully obvious all one has to do is look at a penis and a vagina and see how the two might get together.

But no, some really smart upper middle class white women who were bored from the 1960's knew better than the entire genetic code.  And have oh so brilliantly figured out women can be, and should be men, and that sex is a social construct anyway.

The result?

Well women are less happy ever since they became "liberated," they still can't close the wage gap (even though we keep telling them to major in STEM),  despite their precious careers they inevitably collapse and admit around 34 they wanted a husband and children all along, they cry themselves to sleep at night, they have "starter marriages," a quarter are on mental drugs, and articles about freezing eggs or 60 year olds giving healthy births are eerily championed and forwarded as if nature was winning all along.

Some angry, bitter feminists may have made some fortunes on the naivety of American women, but the Gorilla of Reality has ensured millions of women who believed such poppycock lived miserable lives.

And the children.

Ahhhh, yes "the chilllldrennnnnn."

The left's favorite cause to champion and hide behind.  Why NOTHING is too good for the children.

Where do I even begin?

First you have the left's assault on the nuclear family, replacing fathers with government checks.  Kids grow up under a broken home, and suffer horribly be it poor school performance, fights, poverty, drugs, lesser careers, and a perpetuation of this hell upon their children.

You have bogus mental diseases you accuse children of having all so teachers don't have to teach and parents don't have to parent, and lord what hell does that do to a child as they age into adulthood.

You LIE to these children DEMANDING they go to college all so a leftist K-College "Big Education Industrial Complex" can make a trillion a year off of them.

And if you're a particularly vile leftist you'll raise your children "transgendered" or you'll force an all vegan diet on them...in which case the Gorilla of Reality will sadly and tragically kill them.

I could go on, but I don't have to.  It's apparent who is going to win this fight.  No matter how cacophonous, complete, total, and successful the leftist indoctrination and mental illness is today, in the end reality is "reality."  It will not be changed, and it will always win.

This provides us sane people the one silver lining to this vile, evil, and mental leftist cloud descending on America and the West.  Our taxes may go up.  Our children may be attempted to be brainwashed.  And we will have to suffer such idiotic notions of "transgendered playmates."  But at least we have sanity.  At least we live in reality.  At least we aren't left wondering why we can't find a job with our "Masters in Puppetry" and are laden with $120,000 in unforgivable student loans. At least we aren't the rah rah college party girl feminist, doped up on antidepressants, "who don't need no man" who cries herself to sleep every night.  And thank god our parents weren't militant vegans or loved transgendered politics more than they did us.

Our lives on this planet will be infinitely more enjoyable than the people who swallow whole this leftist slop and it's simply because we acknowledge and live in reality.

Enjoy the decline.
_____________________________
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Wednesday, October 18, 2017

Episode #218 - The Tinder Man Hating Episode

Cappy golfs again.
Chipotle's politics vs. QDoba's Food.
Tinder just plain hates males.

AND MORE!

in THIS EPISODE of The Clarey Podcast!

Direct MP3 here.

RSS feed here.

Might As Well Leave the Dating Racket

Stay frosty boys.  Stay the freak frosty.



Related.

Tuesday, October 17, 2017

Qdoba's Food is Better Than Chipotle's Politics

From tomorrow's upcoming podcast (which you can tune into here)

Baby Boomers Can't Retire Because of Student Debts

Both their own and their kids' student loans.



Perhaps they need to learn about minimalistic retirement.

The Kapernick Caper Continues

So he says he's going to sue the NFL

and a reporter is stupid enough to ask if Green Bay is going to take him on.

I don't pay much attention to sportsball, but it is fun watching the forces of media and SJW's try to take it over.

Friday, October 13, 2017

Episode #217-Why Aren't There Jewish Bars???

Mocking vs. emulating Cappy
Just don't fuck up.
How black names hurt black people.
Do Jewish Bars EXIST???
"Clarey's Land of Canaan"
Leftists Eating Their Own

AND MORE!!!

In THIS EPISODE of The Clarey Podcast!

Direct MP3 here.

RSS feed here.

Another Reason to Enjoy the Decline

When your tippy top super secret spy agencies use "admin" and "user1" as passwords.

Don't know about you, but I'm pouring myself a drink and saying "fuck it."

Wednesday, October 11, 2017

Why Crypto-Currencies are the Next Dotcom Bubble

A couple months ago I was hired by a person who shall remain anonymous.  He was instrumental in the launching of a reasonably notable crypto-currency and wanted to know what its value was.  It was the classic meeting of the worlds of economics and technology where the tech gurus wanted to know precisely what was the value of the monster they created, so they enlist the help of clueless schmoes economists like me to do so.

This presented a problem to me because unlike say, a bond, a stock, or a rental property, currencies (crypto or not) do not produce income.  They are a tool of economic exchange, a store of value, and naturally forming and evolving economic phenomenon since humans existed.  Silver bars do not poop out little silver coins and gold coins do breed to make little gold coins.  And since all currencies produce nothing, there is no means by which to value them.  The value of currencies are therefore determined by their rarity relative to one another, whether they have intrinsic value (precious metals), utilitarian/commodity value (silver is used in electronics), purchasing power (the Big Mac Index) and the amorphous, whimsical, and impossible-to-measure trust and faith of the entire world's people.

So what I employed was a technique used to value traditional currencies where a stable currency (such as gold or the US dollar) was used as a base and the historical exchange rate or "ratio" between that base currency and the one I was attempting to value established an average.  This average would then allow me to determine whether a currency was overvalued or undervalued relative to the stable base currency and we would have a rough estimate as to what a currency should be "worth."

For example, historically (when allowed to trade freely) the gold to silver ratio has been 47 to 1.  During my lifetime the British Pound would fetch 1.8 US Dollars.  And the Euro vs. Dollar exchange rate has been around 1.2.  These exchange rates have been volatile, but you can ever so roughly determine a currency to be undervalued or overvalued depending on how far away from these averages they trade.  But instead of using gold or the US dollar as the base, I used Bitcoin as the "base currency" by which all other cryptocurrencies would be valued.

This presented some obvious drawbacks.

Bitcoin, the eldest of all cryptocurrencies, isn't even 10 years old, providing little if any kind of historical performance by which a stable, long term average base can be established.  Also, for the short 9 years it's been in existence, its price performance has been HORRENDOUSLY volatile as such a revolutionary idea as a cryptocurrency would be.  Further complicating matters is that new cryptocurrencies are younger than bitcoin and all cryptocurrencies tend to move in concert with one another.  This has relegated the pricing of various cryptocurrencies merely a theoretical exercise and me admitting to the client that all I could provide was a methodology that might work in 50 years time from now, but was completely worthless today.

In short, it was impossible to value a cryptocurrency today.

But my research had an unintentional side benefit.  And that was a look into the INSANE underworld of crypto-currencies.  A look that immediately flashed me back to 1998 because the parallels between the cryptocurrency market of today and the Dotcom market of 1998 are eerily similar.

First, both cryptocurrencies and dotcoms were revolutionary advances in technology that promised to revolutionize the economy.  They were so new and society had yet to figure out what role they would play in the future economy and world, their values were impossible to assess. But we did know they were going to play a major and upheaving role in the future economy.  There was profit to be made, but we didn't know precisely where, or how.

Second, there was a flood of them.  Dotcom Mania had so captured the nation companies who never produced a profit in their entire existence were getting hundreds of millions in financing from venture capitalists.  IPO's were celebrated when there was no profits to celebrate.  And if you simply put an "e" or an "i" in front of your company's name, your market cap would septuple overnight.  It was so bad you had Gen X'ers acting like millennials - achieving nothing, while being highly rewarded for it.

This easy money merely attracted more money as everybody thought they would transfer the entire world economy from bricks and mortar to digital in a mere year.  And soon every industry, sector, and facet of the economy was going online.  If I recall my dotcom history correctly, there was even a fish company that decided to sell shoes online.  Yes, it was that insane.

However, the same insanity has infected the minds of the cryptocurrency market.

I'm no economist, but as far as my logic takes me, the world should only need ONE cryptocurrency.  Maybe three or four in order to account for the fact people would want to diversify out of being reliant upon just ONE cryptocurrency.  But when I did the research for my client...now approaching 4 months ago...there were....(drum roll please)

967 cryptocurrencies!

But wait, it gets better!  In those four short months the number of cryptocurrencies has increased by 200!


Do not tell me this isn't Dotcom II all over again.

Third, and perhaps more eerie is how the cryptocurrency market has morphed from what should be a currency market to its own culture or society.  And even the words "culture" or "society" understates this morphing.  More like "religion" or "cult."

In doing my research I happened upon discussion boards, comments sections, facebook pages, and all other forms of social and not-so-social media where its participants were so far removed from the fundamentals of currency economics, it was now their daily personal hobby they'd obsess about because (as far as I can tell and I hate to sound so harsh) they really had nothing going on in their lives.

"Did you hear they're coming out with a new cryptocurrency with DOUBLE encryption???"
"I like BloggerCoin because they're backing up their currency with the intrinsic value of blog posts!"
"I heard about BloggerCoin, but I like FARTCOIN better!  They're capturing people's farts so you can exchange your cryptocoin for human methane!"

In other words, people were discussing, talking, and buying cryptocurrencies not because of any economic fundamental value, but more like trading cards or Beanie Babies.  It was novelty, a hobby, a culture unto itself that had nothing to do with intrinsic value.  This too was the case during Dotcom while CNBC and the various "professionals" they had on were talking about Krispy Kreme donuts, upcoming IPO's and ill-understood technologies that had ne'er been tethered to profits or reality.

Which perhaps leads to the eeriest similarity of them all - ICO's and technospeak.

While the Dotcom bubble heralded IPO's (Initial Public Offerings) of the latest dotcom company that traded dog manure for Styrofoam widgets, this same "crypto-cult-culture" heralds "ICO's" (Initial Coin Offerings) with the same fanfare AND complete lack of profitability, intrinsic value, and sanity.

Never mind there's 1100 currencies out there already.
Never mind these coins don't produce dividends, rent, interest, or income.
Never mind the world really only needs 3-4 cryptocurrencies.

Nope, you got yourself an ICO!  Let's uncork the champagne while cashing in our 401k's to buy FECESCOIN!!!

Worse, coupled with this unwarranted fanfare is the scariest hallmark of Dotcom Mania, "technospeak."

If you're too young to remember (or just too ashamed to admit you got duped by it) in order to get financing aspiring dotcom companies would talk over investment bankers' and investors' heads with technical jargon.  Remember, the internet was relatively new technology and you could easily fool a Harvard MBA at a bulge bracket investment bank that you knew what you were talking about.

"If we increase the RAM on the baud information super highway, then the TCP protocol packets will be redirected to our mainframe servers, resulting in increased bandwidth and profit for our firewall.  And if you invest $1.5 billion in 'E-genuity' you'll get a 20% share of our firewall profits!"

In a very Dilbertian way you could almost also guarantee funding by uttering the phrase "I understand if you don't get this technology, because it's pretty complex and over most people's heads."  Bankers, investors, finance professionals and other incompetent egotists would trip over themselves to cut you a check to save their pride.

The same thing is happening in the crypto-currency market.  In a desperate attempt to differentiate themselves from already-established crypto-currencies increasingly petty, even pointless technological traits and characteristics are being added (and heralded) as a reason to give THAT cryptocurrency at $4 billion valuation and not Bitcoin.

"Double encryption, triple encryption, double blockchain technology."  I'll admit I don't know what that is and I don't care.  But I know it stinks to high heaven when you're desperately trying to tie blog posts, tweets or some other faux-commodity to a cryptocurrency to vainly give it "intrinsic value."  It's like I'm 24 all over again, they just happened to change the vocabulary this time.

The real question is: does all this mean the cryptocurrency market has no value?  And the answer is "no, of course not."  Just like Dotcom Mania there WERE companies that DEFINITELY had value and they are some of the largest and most successful companies today.  Amazon, Google, Betterment, not only do these companies have value unto themselves, but brick and mortar that are explicitly "dotcoms" inevitably incorporated digital/internet technology universally.  But like the dotcom market, it will only be a small minority of cryptocurrencies that have value today and will be around tomorrow.  The question is how to determine who these are?

While there's no way to predict this or guarantee one cryptocurrency that's around today will be around tomorrow, I came up with a final, albeit simple metric for my client.  The "We Accept Index" aka the number of Google search results of "We Accept Bitcoin" or "We Accept Dogecoin" etc.



Very simply "The We Accept Index" reconnects and measures the only thing that matters with a currency - whether it is accepted as such.  Whether you can use that currency to purchase ACTUAL TANGIBLE PHYSICAL THINGS IN THE REAL WORLD.  Whether other people deem it to have value.  And it is here we find out just how few cryptocurrencies have value.

In all honesty, only two, MAYBE four have value:

Bitcoin
Litecoin
Ethereum, and
Dogecoin (and this was started on a lark!)

The remaining 99.7% of cryptocurrencies, in literal economic terms, have no value.

Thankfully, the entire cryptocurrency market is only $150 billion (today anyway) and does not present the threat to the economy the $6 trillion crash in dotcoms did.  You don't have to worry about this article tanking the cryptocurrency market and then next, the world economy.  But do be reasonable and rationale when it comes to "investing" in cryptocurrencies.  You are gambling on a market that is eerily similar and stable as Dotcoms in 1999.  If you must, invest in a diversified portfolio of them and do not cash in your 401k.  Even I own a full Bitcoin that I paid $800 for some years ago.

The only problem is I can't find the digital wallet and have completely forgotten how to access that @&%*ing Bitcoin.

Which is of course another drawback to cryptocurrencies.
____________________________________
Check out Aaron's other neato stuff below!
Podcast
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YouTube Channel
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Books by Aaron 
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Tuesday, October 10, 2017

Curse Free Episode #27 10-10-17

Must leftist politics infect EVERYTHING?
Childhood during the 80's.
Nyquil influenced dreams.
Boxing Ed Latimore.
"Meal penalty" and union stupidity.
Millennials can't hammer nails.
Millennials can't use analog clocks.
Late night talk shows pay for politics.

AND MORE!!!

In THIS EPISODE of The Clarey Podcast!

Direct MP3 link here.

Direct RSS feed here.

Monday, October 09, 2017

A Politics Free Childhood

In this pre-release excerpt from the upcoming podcast I ask the democrats and socialists of the world if it is possible to NOT put politics, SJWing, and virtue signaling into EVERYTHING, especially kids' childhoods.


Aim for Sanity

I was on The Hanging Chads Podcast where among many other things we talked about how, in an insane world, one's primary goal should be to attain sanity, serenity, and peace.  Below is an excerpt if you just want to sample it.



They also interviewed Rollo Tomassi and were "thiiiiiisssss close" to interviewing Jenna Jameson.  They are better than the average podcast and I would strongly recommend giving them a shot.

Link to their podcast page here.

Link to the specific episode here.

Who's the Worst Generation? Baby Boomers, Gen X'ers or Millennials

Are per a request from Asshole Consulting, Cappy tries to apply some kind of logical methodology to an impossible question:  which generation is the worst in America today?  Though Cappy's loathing for the Baby Boomers is no secret, he loathes them all quite equally, but when you look at some data and public behavior a clear "victor" emerges.


Sunday, October 08, 2017

You May Love the Captain

By doing all your online shopping through Cappy's Amazon link

Cappy makes a 7% commission on all purchases and it costs you nothing extra.

Just a way to make the Captain's day by doing all your online shopping here.

Teeeeeaaaacheerrrrrrrssss



You may follow me on The Twitter here.

You may purchase the book "Worthless" here so you may avoid becoming your typical ditzy teacher.