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LECTURE 9 WHY K-12 FINANCIAL LITERACY IS A LOAD OF CRAP

Objectives 

✔ In essence, the main objective of this chapter is to recap for you why K-12 Financial Literacy is, indeed, a load of crap.

✔ It is a complete contradiction that the Federal Reserve and the banks in charge of teaching us about financial literacy are the ones that have been fleecing Americans in the first place. So why would the education be transparent and teach us what we actually ought to know in order to protect our financial interests?

✔ To come away with the knowledge that there is no integrity in the world of finance and that there is no one in the U.S. Government who is going to investigate and change this. Even if a person that tries, that person is going to be torn to shreds by the mafia of big banks and their powerful lobbyists.

 

DISCUSSION QUESTIONS

1. Is Financial Literacy an educational enterprise, or a marketing gimmick?

2. Why is the metaphor of Dorothy falling asleep in the poppy field on the way to see the Wizard of Oz an apt metaphor for the common financial consumer in China during the Opium Wars but also for the common financial consumer in the United States in recent years?

3. What is the likely outcome if Dorothy stays on the path to find and discover the Wizard of Oz, if this analogy is to be taken metaphorically to reflect the everyday American's attempt to learn the truth about money?

4. What is a Movement? What Makes a Leader?