Why are children not taught about money in school?
The purpose of education is to bring about physical, mental and social development of an individual.
“The aim of education should be to teach us rather how to think, than what to think—rather to improve our minds, so as to enable us to think for ourselves, than to load the memory with the thoughts of other men.” ~Bill Beattie
“Our children are taught how to balance a checkbook, speculate in the stock market, save money in banks, and invest in a retirement plan for the long term. In other words, they are taught to turn their money over to the rich who supposedly have their best interest at heart.” – Robert Kiyosaki
When bankers and financial planners do make a presentation to our students, their job is not to educate but to recruit future customers. That’s why they teach saving money in banks and mutual funds… it helps the bank, not you. It’s good business for the banks.
Most people today do know know that the Federal Reserve created in 1913 is not federal or American, it has no reserves, and it’s not a bank. As a result, today we have two sets of rules: one set of rules for people who work for money, and another set of rules for those who print the money.
- Most people do not know the currency in their wallets is not real money.
- Most people do not know the difference between good financial advice and bad financial advice.
- Most people cannot tell a good investment from a bad one.
- Most people go to school so they can get a good job, work hard, pay taxes, buy a house, save money, and turn over any extra money to a financial planner.
- Most people graduating from school don’t know the basic differences between a stock and a bond or between debt and equity.
- Most people blindly accept the idea of going to school to get a good job and never know why employees pay higher tax rates than the entrepreneur who owns the business.
- Many people are in trouble today because they believed their home was an asset when it was really a liability.
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In 1903, John D. Rockefeller created the General Education Board. It seems this was done to ensure a steady supply of employees for Henry Ford’s assembly lines and Andrew Carnegie’s steel mills, people who are always financially in need of money, a job, and job security.
In 1906 The Education Board put out a statement that read in part,
“We shall not try to make these people or any of their children into philosophers or men of learning or men of science. We have not to raise up from among them authors, educators, poets or men of letters. We shall not search for embryo great artists, painters, musicians, nor lawyers doctors, preachers, politicians, statesmen, of whom we have ample supply. The task we set before ourselves is simple…We will organize children…and teach them to do in a perfect way the things their fathers and mothers are doing in an imperfect way.”
There’s evidence that Rockefeller was influenced by the Prussian system of education, a system designed to produce good employees and good soldiers. People who dutifully follow orders such as do this or be fired, or turn your money over to me for safe keeping and I’ll invest it for you.
The Prussian system instituted compulsory attendance, specific training for teachers, national testing for all students (used to classify children for potential job training), national curriculum set for each grade, and mandatory kindergarten.
Seeking to replace the controlling functions of the local aristocracy, the Prussian court attempted to instill social obedience in the citizens through indoctrination. Every individual had to become convinced, in the core of his being, that the King was just, his decisions always right, and the need for obedience paramount.
The schools imposed an official language to the prejudice of ethnic groups living in Prussia. The purpose of the system was to instill loyalty to the Crown and to train young men for the military and the bureaucracy. As the German philosopher Johann Gottlieb Fichte, a key influence on the system, said, “If you want to influence [the student] at all, you must do more than merely talk to him; you must fashion him, and fashion him in such a way that he simply cannot will otherwise than what you wish him to will.”
A series of edicts made clear for the first time that education was a task of the state.