MSE News: Prime Minister responds on financial education in schools

John_Pierpoint

Pincher wrote: »

When the banks get back on their feet, we should demand that they send bank staff on community service education duty. Similar to police officer school tours.

They can combine it into a recruitment drive. They teach you how to calculate interest, fees and charges.

If you pass the test at the end with an A, you get invited for a job interview.

If you fail the test, you get a leaflet to open a bank account.
Obviously a profitable future customer.

My daughter aged about 11 (she is ahem over 30 now) won a nice big desk folder and fancy calculator as the savviest kid in the class, from Lloyds bank.
It was all some sort of public relations department misguided stunt -I cannot remember the exact details but it was something like she also got a savings account at the local branch with a £10 er in it already - but they had not been pre warned and she was too young for the terms of the account.:eek:

I got it sorted out in the end.
She and her husband now bank with Nat West.
Woops.:D

robzrob

All right children, finance, let us begin. Now the first thing you should know is that, when the government wants money, it takes it from your parents (however much it feels like, whenever it feels like it, whether they like it or not) or it borrows it (but doesn't worry much about paying it back) or just prints it!!

No, no, Johnny, YOU can't do that because you're not the government...

daska

robzrob wrote: »

All right children, finance, let us begin. Now the first thing you should know is that, when the government wants money, it takes it from your parents (however much it feels like, whenever it feels like it, whether they like it or not) or it borrows it (but doesn't worry much about paying it back) or just prints it!!

No, no, Johnny, YOU can't do that because you're not the government...

:rotfl:

And why we expect kids to learn to behave differently with such superb examples of fraud and incompetency set before them as some of our elected and non-elected government officials and their mates...

robzrob

daska wrote: »

:rotfl:

And why we expect kids to learn to behave differently with such superb examples of fraud and incompetency set before them as some of our elected and non-elected government officials and their mates...

Democracy fools us into thinking that we have a say, but they do what THEY want, regardless of left, right, green, ...etc

Consumerist

Lotus-eater wrote: »

There are lots of teachers on MSE, why are none of them commenting on this?

Maybe they're struggling with their finances too.

pennineman

All special interest groups (in this case Martin and financial ed) would like their particular interest taught in schools. Well, that's OK except who decides which of the very many competing special interests are going to have their interest taught in schools? The government you say? Yeah, right. In 1988 the govt of the day (Tory) decided to introduce such compulsion - the National Curriculum - which most (but not all now) schools must follow. So, instead of teachers, educationalists, parents and the community deciding what would be best in their own particular circumstances the NC imposed a one size fits all top-down teaching prescription.

Now, via such "innovations" as "free" schools, some schools do not have to follow the NC. Be good to see what they're going to teach. Will it include financial ed? Or, like one partic free school, will it include Latin, Mandarin and a ban on any teaching of ICT, or indeed any "skills" lessons. I guess that means no money skills lessons then?

It's all ideology first and children's needs last or even nowhere at all. But, that's only the view of this geriatric and jaded ex-teacher.

phillip6

MARTIN.......

I AM BLOW AWAY WITH THIS......

FIRSTLY LET ME THANK-YOU ON THIS FUNDERMENTAL EFFORT TO TEACH MONEY AND FINANCE

IN SCHOOLS.......

SECONDLY ...

DO YOU REALLY KNOW WHAT YOUR GETTING INTO ?

THE TRUTH IS VERY SIMPLE IF ONLY PEOPLE WOULD OPEN THEIR EYES...

THERE IS A REASON WE HAVE NEVER TEACHED OUR POPULATION ABOUT MONEY

AND THAT REASON IS SO FUNDERMENTAL TO THE STRUCTURE OF POWER TO THE RULING ELITE


WE DO NOT TEACH FINANCE TO OUR POPULATION BECAUSE IF THE CITIZENS REALLY

KNEW HOW THE MONETARY AND FINANCE STRUCTURES WORK...THERE WOULD BE A REVOLUTION

BEFORE MORNING....

MONEY AND THE CONTOL OF IT.. IS HOW THE RULING ELITE KEEP THE POPULATION CONTROLLED

THE BANKS ARE MASSIVE CRIMINAL ENTERPRISES...
THEY ALWAYS HAVE BEEN. AND ALWAYS WILL BE..

THEY CONTROL GOVERMENTS AND GOVERMENT POLICY AROUND THE WORLD..


HERE ARE A FEW QUOTES FROM HISTORY.....

UNDERSTAND THESE QUOTES... AND YOU UNDERSTAND WHY MONEY AND FINANCE WILL

NEVER BE TOUGHT TO ITS CITIZENRY ..........

“The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland; a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”
- Prof. Carroll Quigley in Tragedy and Hope



“If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”
Thomas Jefferson


The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.” - Abraham Lincoln


“When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time, a legal system that authorizes it and a moral code that glorifies it.”
- Frederic Bastiat - (1801-1850) in Economic Sophisms



BANKER: Mayer Amschel Rothschild 1828 “Allow me to issue and control the money of a nation,

and I care not who writes the laws.”

Consumerist

phillip6 wrote: »

MARTIN....... I AM BLOW AWAY WITH THIS...... etc.

Banking and finance are freely taught in our higher educational institutions for those who are interested to learn. The truth is that the vast majority of us are just not interested to study the subject in that amount of detail.

Surely, all we need to have taught in our schools is a basic understanding of the fundamentals we are likely to have to deal with in our day-to-day lives (e.g. loans, credit cards, overdrafts, etc.) and an understanding of how to minimise the costs involved.

phillip6

Ofcourse Monetary policy and Finance are Teached in Higher Education...

How else Would Goldman Sachs and J.P Morgan keep their crimes going. ?

Banking.. Money and Finance is Way Too Complicated.. and its Suppose to Be...

It Helps to Keep 80% of the Population Confused. Dissinterested.. and Blind

To The Out Right Crimes of the Banking Industry...

QuackQuackOops

I think financial education for school children will be a huge waste of time and money. Too many people feel that too many subjects ought to be taught to children and we just cannot do it. There are some things that have to be learnt from family, from friends and from life itself.

All we would have is classes full of bored kids who leave with even worse qualifications than they already are doing simply because one more block of time is taken away from maths/english etc and given to social skills.