She Majored in Debt, With a Minor in Usury!



Speer-Williams – [email protected]


I had just finished eating a plate of rubberized chicken, some pithy green (brown) peas, and smashed potatoes as gritty as corn grits.

Delicious! Why delicious? I was hungry. I was always insatiably hungry. You see I was a starving college student well before the days of easy government loans to kids, too young and immature to know any better.

The rubbery chicken had been given to me by the kind gentlemen who comprised the Jacksonville, Florida Kiwanis Club.

Once a month, I had to hitchhike the seventy odd miles from Gainesville to Jacksonville to attend an evening at a Kiwanis Club meeting.

You see, I had earlier sold my soul to the organization widely known as Kiwanis International for a six hundred dollar loan. *

*In today’s inflated currency, six hundred dollars probably equates to at least six to ten thousand dollars.

That business arrangement (loan) required my monthly presence, to stand and report on my progress at the University of Florida, both as a student and aspiring football player. Of course that necessitated a long string of lies from me.

The motto of Kiwanis International was …

Serving the Children of the World!

But since I was no longer a child, I had signed an adult contract with the Kiwanians of Jacksonville that called for my passing grades (and for some – a bit of progress on the ole gridiron).

So, I stood and talked of intercepted passes and first downs I made off tackle. But as tall as were those lies, they were nothing compared to my scholastic fabrications.

But, hey! I had to lie. My contract with those gentlemen demanded that I maintained passing grades or they could legally call my loan.

I lived in fear I would be uncovered as a functional illiterate, who scored in the bottom .03 in the English test given to all incoming freshmen. *

*What English and grammar I know today, I taught myself, well after twelve years of public schooling and five years of college, and our schools have certainly not improved since then.

During one particular Kiwanis evening, a salesman from the local Ford dealership – Duval Motors – followed me at the dais. He had a big surprise for us all – a brand new, shiny, red 1962 Ford Galaxie.

“Gentleman,” started the salesman, “On the screen above is the finest car made in America – the ’62 Ford Galaxie. And for some lucky man that car will be his to drive and enjoy for an entire week … all you have to do is pull the lucky number from this here box. The Galaxie is right outside … ready for you to drive home. And if need be, I’ll follow you home driving your ole, well-used car.”

Of course the slick salesman was counting on some lucky Kiwanian falling so in love with the Galaxie, he’d end up buying it.

The salesman was right on one score – I did fall in love with the Galaxie, as out of several hundred attendees that evening, I drew the lucky number.

The salesman’s plan was defeated, as he knew someone who had to grovel before a bunch of business types would not be able to buy his car.

As was most common back then, however, the Ford salesman was honorable. He walked me to the car, and said some things I didn’t hear, as I was off on cloud number nine.

It was one of the happiest moments of my young life, as I pointed the  Galaxie toward Gainesville, and entertained various thoughts about bypassing that little provincial city and driving straight to the hills of Hollywood.

After two more long years, I finally made it to my graduation day, when my contract with the Kiwanis Club would soon require me to make monthly payments to them. Within twelve months, I paid off that loan. But back then most of our college graduates could usually find work.

At the time, I was far too ignorant to realize (or appreciate) the fact that my repayments required little to no attached interest. That is something unheard of today, with our usurious US federal government charging so much interest on their college loans, that fewer and fewer of our former college students are able to keep up.

After reading this treatise, I hope you will come to realize that the US college loan program has been anything but altruistic. I believe it has been part of a carefully planned scheme to make sure poor students became even poorer by majoring in debt, along with the rest of us as well. *

*According to CNBC, eighty percent of all Americans are in debt – many hopelessly so.

I maintain that one of the root causes for so much US indebtedness has been our federally enforced and free* public school system.

*Public schools are not free for US homeowners, who have steadily been taxed at higher rates for schooling as the quality of public “education” has continually deteriorated, with those taxpayers having virtually nothing to say about what is taught in public schools.

Prior to the establishment of public schools, America had the highest rated educational system in the world.

We were the best!

After decades of our failed, but required, public schooling, the Program for International Student Assessment ranks our public schools number twenty-four out of sixty-five national educational networks.

American public schools will never improve as long as our children are taught what to think instead of how to think.

Lacking much of an ability to think for themselves, millions of our kids fell for the propaganda line that a college degree would all but assure them of a well-paying job, even with today’s lack of work opportunities.

Apparently few of our high school graduates read, listened, or even understood the news reports about all the jobless and homeless people who were filling up tent cities in America.

So, in their rush to expose their minds to more of the indoctrination they had been subjected to for their prior twelve years in public schools, they chased what could only be called fool’s gold.

I have to believe that with proper public schooling, these college-loan seekers would have turned away from the bait-and-switch scheme of social planners after reading all the fine print in the government loan documents.

To ensure the need for heavy loans, college tuitions mysteriously and quickly rose one-thousand percent since1978, which is four times the rate of inflation or healthcare costs.

According to the College Board reports an average college tuition for an in-state public college for the 2016-2017 academic year averaged $24,610. The average tuition at a private college averaged $49,320.

These tuition costs are over and above the costs of school supplies, books, housing, meals, tutoring, and incidental expenses.

In 1964, when I graduated from the University of Florida, the tuition for one semester was $125.00.

Do you know anyone who can explain why college tuitions have suddenly risen so alarmingly?

No? Well, I can. High college costs were needed in order to trap young Americans in debt so outrageous it would not only ruin their futures, but ours as well.

And why would anyone want to ruin our futures? Because America, along with the rest of the world, is being destroyed by a dark force that is antipathetic to life.

Unless we end these lethal one-two sucker punches of “free” public schooling, that regiments thinking, followed by the most absurd cost of   secondary schooling, we will have generations of citizens who cannot think for themselves and will be debt-ridden for the rest of their  moral lives.

Debt-ridden for the rest of their lives?

Yes, that is ensured with the galloping usury interest rates that come with all governmentally-sponsored student loans.

And by federal law, former students cannot write off their college debts to the government with bankruptcy procedures.

Still, with our failed American economy, and its lack of decent paying jobs, former college-student borrowers are forced to make some kind of monthly payment on their debt. And on many occasions the bill collectors have been police SWAT teams.

SWAT Team turned bill collectors.

Not atypically, one student started off with an initial loan of $44,000, in which he paid back $31,000 over twenty-two years. Unfortunately, his payments were too slow to prevent his loan principal from rising to a current $128,000, plus an ever rising interest cost.

In another case, an ex-student took out initial loans that amounted to $85,000, which thanks to an eight percent variable interest rate has since risen to $385,000.

The above two examples are not unique. There are hundreds of thousands of similar stories across America, with student loans now exceeding one trillion dollars …

$1,000,000,000,000 is a million times a million.

Some time ago, it became rather obvious that a major percentage of the government’s student loans would never be repaid; but still the loans were and are being made. Do you now have some reason why?

College and university presidents (some of whom are given over a million dollars a year) are careful not to speak out against these awful outrages on America and her future. They would never gotten their lofty positions had they been the types of people who place the welfare of the whole society above themselves.

The return on investment for most college degrees ranks far behind what education in vocational/trade schools could provide.

A well-skilled electrician, plumber, mason, or carpenter will most likely earn far money more than say a  feminist-studies or sociology major, who works at Walmart will ever earn.

How would you like to spend eight hours a day in this place?

Unless one has a rich inheritance or is independently wealthy, he or she would be well advised to studiously avoid earning degrees in such inane subjects as transgender or Black studies, sociology, or every one’s favorite, snap course, psychology. Otherwise, they will be majoring in debt, with a minor in usury.

It is enlightening to note that the government loans for vocational or trade schools are rarely available, if ever. This is a revealing fact that exposes what the government’s student loan program is really all about – and it is not about doing good work or the loans ever being repaid.

Ex-college students are clearly not the only casualties who have been suffocated by the usury-laden debt trap. Our entire nation from the jobless to the homeless, to dying households to struggling small businesses are all being garroted with the sharp wires of usury, while our federal government will not allow our debt-obscenity to be part of our national discourse.

How many Americans know that our past President Barack Hussein Obama incurred as much usurious national debt as all the previous presidents had caused.

Throughout history, the crime of usury has been condemned by some of our best religious and spiritual thinkers: Jesus, Buddha, Aristotle, Plato, Seneca, Plutarch, Goethe, and Muhammad have all warned us of the damage generated by usury.

Undeterred by such simple wisdom, “our” irresponsible spendthrifts in government have accumulated mountains of public and private debt, which can only end in run-a-way hyperinflation – the very most ruinous form of economic/financial depression.

We have all been betrayed so often by so many of our city, county, state, and national judges, bureaucrats, and politicians that the very words public servant have come to be pejoratives – especially to our poor citizens who made the tragic, long-lasting mistake of majoring in debt.

Yet, our ignorance of self-serving psychopaths in exalted positions of power runs the long gamut of our society, from career politicians, to local police chiefs, to US senators, to CEOs, to judges on the Supreme Court, to the secretive hierarchy of the intelligence agencies – most all privately ordained and indirectly managed by the banking cartel’s oligarchs (crime lords) of earth.

Instead of legislating usury to be the crime that it is, the federal government is practicing its own form of total financial asphyxiation on our best and brightest national hope ­– our college students.

Only Satan and his lowly minions in government, intelligence agencies, and private think tanks could have conceived such a clever method to destroy what was once the greatest, and grandest country in recorded history.

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Jack Speer-Williams

J. (Jack) Speer-Williams: 

Jack is a former Hollywood producer of live stage shows that featured various movie and TV stars.

In Los Angeles for almost a quarter of a century, Jack had a front-row seat in observing the disintegration of the foundations of America society before he retreated to the woods of New Hampshire. 

A graduate of the University of Florida, where he studied economics, Jack was also a running back on the Gator scout team, a member of the ATO social fraternity, Cadet Commander of the school's ROTC unit and president of the military honorary society, Scabbard and Blade. 

After serving honorably in the US Army, where Jack earned his paratrooper wings, he began to see the folly and crimes attendant to the unilateral wars of American aggression. It was then that Jack embarked on a spiritual path " one he has walked for over 40 years. 

Content with his sylvan seclusion, Jack, experienced in "show business," began writing of how to spot media propaganda, something he meant to be his legacy to his three grown children.

Today, however, Jack invites all others to read his non-partisan observations of national and international events. 

According to Jack, "Those of us stuck deeply into the engineered left/right paradigm have no desire to be objective, and are thus blinded to all truth that does not reinforce biased opinions.

Remedial work in geo-politics will not open the minds of such people, as they are badly in need of spiritual remedies; nevertheless, facts are facts, and some are available to truth-seekers, the subject matter of my writings."

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  1. With most who have a credit card are suffering 25%+ interest rates. There used to be a courtesy period of time, I believe we called a grace period which allowed for slow mail delivery, bad weather, or illness to allow a few days for a late payment. There were laws iin most states regulating rates. Today with the computer 1 minute late causes a fee. And by the way your rate is 27%.
    Where’s our $6 TRILLION?

  2. One thing is clear from what you write Jack, they are inventing various degrees and qualifications that have almost no job prospects. But you can still get a student loan to study them! Lovely!

  3. Jack: another great article. Population reduction includes inability to pay college education. Considering lifetime installments to cancel debt, hardly any graduate would be able to early make a family. Once a grown up adult, even free of college debt, his procreating chances would be diluted in loneliness and extra debts on housing, loans, health insurance and taxes. The classic American suburban middle class families are becoming progressively an achievement of the few with the reminder watch their lives pass by without any chance to enjoy having a loving family. Free Health an Education have consistently been the backbone of European middle class, something that every political party would not dare to compromise and has never proven to be the cause of any national budget deficit. Since 1990, MSM along promoted economists, have induced people on economic financial dogmas that send entire societies in disarray, misery and surrendering into the claws of usury.

  4. Jack: Another great article. My first three years in college was at Pasadena City College where I lived at home and drove to school every day. I worked many jobs from restaurants to gas stations to garages repairing cars. The costs of college then from 1957-1959 were relatively low. I entered U.C. Berkeley in 1959 graduating in physics in 1961. By working about 80 hours a week during summers at about $1.00/hour I could save about $1000 by living at home which would get me through the year at Berkeley. I also lived at a group where students were assigned work of 5/hours per week to keep costs down. Food was prepared by professionals. I was house manager my senior year too which paid room and board. I did borrow about $500 in my senior year which could have been waived as I became a professor of physics but I paid it off with my first check from the University of Georgia where I worked for 12 years from 1966-1978. My graduate studies from 1962-1966 were supported by teaching assistantships. Costs today are an obscenity and students must boycott. The brainwashing they receive is not worth the cost.

    • There are many facets to the failures of so called “higher education” in America today. First is the college sports racket. Money from this racket is totally corrupting colleges. Books have been written documenting this. It must be ended. The best schools have the worst teams. UC Berkeley won few games, Cal Tech won virtually zero. This racket corrupts every aspect of all activities at colleges and universities. Second there are far too many colleges and universities in the U.S., thousands of them. These corrupt loan programs are keeping many in business which would ordinary be forced out of business like Trump University and many others. Government grant money is the other tier totally corrupting research at these cesspools of lower learning. Most research is not original at all and grants are written to cater to what the granting agencies may desire rather than goals to original ideas. Very little new information has resulted from the billions of federal dollars wasted on so called “research”. Most of the best research was done before WWIII when professors worked for just over slave wages like everyone else. University presidents are paid obscene wages today. In a week I could hire a much better person for less than half the money if challenged. Lower education in America needs major surgery today. Winfield J. Abbe, Ph. D., Physics

    • Corrections:

      Line 1: Replace ordinary with ordinarily.
      Line -6: Replace WWIII with WWII.
      Most glaring example of failure of research: Dismal failure of the so called War on Cancer where about one person dies every minute either from cancer, treatment or both, usually treatment but falsely reported as from cancer. Orthodox cancer “treatment”, mistreatment would be more appropriate, is the biggest racket in the country today. The American Cancer Society is the biggest sympathy scam racket in the country today.

  5. Not satisfied with those students they were able to con into taking liberal arts degrees, there has been a determined effort to prevent anyone from getting an engineering degree WITHOUT quitting their job. MBA’s seem to be all the rage, since they seem to be the only thing advertised by almost all the schools with after hours degree programs. Meaning, if you already have a degree in business, they will bend over backwards to help you get that MBA at night. However, if you want to get a real engineering degree (not engineering “lite” degrees whose credits don’t cross over outside of that one school) you are SOL.

    As to the other issue about ursury, there is a way… He who dies with the most debt wins. Try collecting from a corpse. Of course, they will try to collect from family by hook or by crook. If no family, no house, give them the finger.

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