For those who are unaware, the "33rd Degree" is part of the Scottish Rite of Freemasonry, which is an organizations that exists within Freemasonry that that Master Masons may join if they choose to. The "degrees" of the Scottish Rite are not higher than the Third degree, despite the numerical appearance.
With that out of the way, a Mason who has received the 33rd Degree of the Scottish Rite knows two things:
1. What happens during the 33rd degree. Obviously, you wouldn't know about it if you hadn't seen it, which most people haven't. 1a. While the Scottish Rite is a large organization, it still only comprises a fraction of Masonry's population. Accordingly, a 33rd Degree Scottish Rite Mason knows what goes on within the Scottish Rite in general.
2. More importantly, someone with the 33rd Degree knows that Degrees do not go higher than the Third. This plays off my opening remark; many people, including Masons, really don't know the significance of the Scottish Rite relative to Craft Masonry. It's not uncommon to hear a less experienced Mason reference someone and say "That guy is a 32nd Degree Mason" (much more common to run in to and soundsimportant). It's also not unusual to hear people self-refer as "32nd degree Masons" earlier in their Masonic career.
This happens because the numbers sound higher and people don't fully appreciate/understand the egalitarian nature of the Fraternity and that the Third degree is the heart of everything.
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