Where were these teachers when I was in school?
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Very good lesson. They should teach fractional reserve banking in high school. I didn’t learn about it until I got into Ron Paul’s first presidential campaign and got into economics more. Also there is a great documentary on YouTube about it
Thomas Sowells Basic Economics should be required reading for every high school economics class
Agreed. Especially the parts about food desserts and why high crime areas have to charge more. Before the students get brainwashed into thinking it’s a racist conspiracy
The one legitimate argument for usury is that it enables bankers to earn income and offset their losses through loaning money.
However, that argument is completely negated by the fact that bankers don't charge interest to earn a little bit of money, but can, over time, own entire countries. This is one of the reasons why a certain demographic has been kicked out of so many countries before. Furthermore, fractional reserve banking and lending, allows banks to loan out 10 times more money than they actually have, and earn interest on that fake money. On top of this, the Fed prints trillions of dollars and all of our money is then devalued, giving the bankers a higher percentage of the total money.
Bankers and modern banking practices are evil. They're not honest folk trying to make an "honest" living. They're swindlers and liars.
Yea, I used to try to explain this to people but fractional reserve banking causes eyes to glaze over sadly.
It's not even that complicated of a subject. Unfortunately, a lot of people are incapable and unwilling to learn new things if it's not reinforced through school, TV, movies, and the news. They either get this glazed look on their face, as you said, or look at you like you're insane.
It's why the NPC phenomenon seems so prevalent. I refuse to believe that humans naturally have that large of a percentage population susceptible to NPC behavior. In harsh environments, they would all die and drag down their respective tribes. This is why I suspect it's caused by environmental factors (i.e. intentional poisons in the environment, and years of brainwashing propaganda), used by those in power to control the populace.
I'm on the other side, the more I observe people the more I believe that the average person is easily manipulated. Time and time again it's been shown whether in history or today how a small(er) group ahead of the curve was able to dictate millions for whatever purposes.
There's 2 sides to propaganda, 1 side is making it the other side is consuming it, and always the one making it is much smaller and very well coordinated. The certain demographic you seem to have mentioned earlier, as much as I rule16 them, has always been very good at playing this game.