This is trend following radio where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw,

honest. That's my passion. Call this episode, reset part two. Not the title of the episode, but it's where I am, my thinking.

Just back to America for a month and back to Asia after that month in America.

I had a chance to walk two college campuses, Georgetown University in Washington, D.C.,

and the University of Virginia and Charlottesville, Virginia University in Washington, D.C., and the University of Virginia

and Charlottesville, Virginia. Two very classic universities. If you have a degree from those

universities, most people will respect you. They will say, wow, you're smart or great job.

I will, too, to some extent. But I can't help but walk those

college campuses, observe kids today, and think about what are the choices and options they face

as they get out of school. Those universities cost a boatload of money, probably when it's all

taken into account, 50 or 60,000 U.S. dollars per year. So unless the parents pay for it, the cost of a

house in some neighborhoods in America, but if the parents don't pay for it, it's debt.

Debt that you cannot escape. Then if you happen to be one of those smart kids, you then get the

important job when you leave school to help pay for the debt and to help pay for perhaps the house you buy in your 20s or 30s,

which is now priced in levels that your parents and grandparents never had to pay.

It's an interesting system, especially the job part.

Because most of the kids, regardless of how smart they are, don't go to the University of

Virginia and don't go to Georgetown to become entrepreneurs. They don't go there to find freedom.

They go there to become slaves, slaves to the system. Because when they get out, many kids

from both of those universities will get

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