Giving A Talk To A Group Of 14 Year Olds About Banking

[Guest TheBlueCat]

I've been working in banking (specialist area that I'm not going to mention) for 20 years and have been, possibly foolishly, asked to give a 30 minute talk about the subject to a group of 20 or so grade 9 kids. I have a few ideas for topics, but I'm interested in what the HPC collective can come up with. I'll ignore anyone posting that bullsh1t money as debt video of course.

[happy_renting]

I've been working in banking (specialist area that I'm not going to mention) for 20 years and have been, possibly foolishly, asked to give a 30 minute talk about the subject to a group of 20 or so grade 9 kids. I have a few ideas for topics, but I'm interested in what the HPC collective can come up with. I'll ignore anyone posting that bullsh1t money as debt video of course.

Just steal their dinner money, and run out of the classroom shouting "See? I'm a banker"

[alexw]

Just steal their dinner money, and run out of the classroom shouting "See? I'm a banker"

[The Masked Tulip]

Drop your trousers, perform a sexual act on yourself for half an hour and conclude by saying that was what bankers have done to the country.

[Si1]

Bank savings, bonds, equities, allocation of capital, risk, how markets work

[Si1]

Bank savings, bonds, equities, allocation of capital, risk, how markets work

[alexw]

I've been working in banking (specialist area that I'm not going to mention) for 20 years and have been, possibly foolishly, asked to give a 30 minute talk about the subject to a group of 20 or so grade 9 kids. I have a few ideas for topics, but I'm interested in what the HPC collective can come up with. I'll ignore anyone posting that bullsh1t money as debt video of course.

Loan them £10 each then tell them you want them to give you £3 a year for the next 25 years.

Once they are over that shock tell them the truth, that banking is a gigantic fraud and that bankers are the equivalent of satan on earth who when they become adults, will turn them into economic slaves that will be farmed for every spare penny that can be squeezed out of them.

[alexw]

Bank savings, bonds, equities, allocation of capital, risk, how markets work

......then say everything I just told you is a make believe fairy tale because if the industry in which I work ever screws up, the gov will steal money from your parents and transfer it to people like me.

[cybernoid]

"The last 10 or so years of banking is why you will never be able to improve your lot in life, no matter how hard you study, how qualified you get or how hard you work. You have no future, people like me spent it all."

Then walk out

[Si1]

......then say everything I just told you is a make believe fairy tale because if the industry in which I work ever screws up, the gov will steal money from your parents and transfer it to people like me.

Please shut up and then go and try living off barter. Go on.

[R K]

There's stuff on the BoE website that might be helpful (if you're really asking for ideas).

Failing that just tell them you're name is Carney and read them his speech to the FT last week. Seemed to work for him.

Failing that you could pretend they're an 'economy', distribute some monopoly money and get them to pretend to trade goods and services with each other for money and just keep taking a cut. Just like banks do in real life.

Edited October 31, 2013 by R K

[LiveinHope]

I've been working in banking (specialist area that I'm not going to mention) for 20 years and have been, possibly foolishly, asked to give a 30 minute talk about the subject to a group of 20 or so grade 9 kids. I have a few ideas for topics, but I'm interested in what the HPC collective can come up with. I'll ignore anyone posting that bullsh1t money as debt video of course.

Have you been asked to talk about your specialist area ? in which case I can't help.

If you've been asked to talk about 'money' per se, I'd

Tell them to save up to buy something, explaining how it is cheaper than a loan + interest.

I'd tell them there is no such thing as 'interest free credit' and explain why.

I'd explain saving and compound interest.

The first two will teach them how others make money from them and the third will tell them how they can make money from others.

and I'd tell them

Never buy anything new that you can buy secondhand

Never by anything secondhand that you can borrow

Never borrow anything you don't need.

[The Spaniard]

Some material that you might find useful:

http://www.positivemoney.org/how-money-works/banking-101-video-course/

[cybernoid]

Start a game of monopoly. Only let a group of kids you will call 'the boomers' play for the first 30 minutes or so, long enough for them to buy all the properties and put hotels on all the squares.

Then allow some other kids to play, they represent themselves. Have 'the boomers' tell them how lazy they are on every even die roll.

Edited October 31, 2013 by cybernoid

[TheCountOfNowhere]

sign them up to give you half their dinner money nor the next 10 years then sell them some insurance, at even more expense, so you still get your money if their parents die and they have to get free dinners.

that will show them what the banking system is all about.

Edited October 31, 2013 by TheCountOfNowhere

[alexw]

Start a game of monopoly. Only let a group of kids you will call 'the boomers' play for the first 30 minutes or so, long enough for them to buy all the properties and put hotels on all the squares.

Then allow some other kids to play, they represent themselves. Have 'the boomers' tell them how lazy they are on every even die roll.

+1000

This one had me in stitches.

[Wurzel Of Highbridge]

+1000

This one had me in stitches.

Me too.

"It's funny cos it's true" - Homer Simpson

[Habeas Domus]

I would just concentrate on explaining compound interest

first show how a saving works, you could have a diagram with the bocks building up ever faster.

then do a similar demo for a borrower starting with a big pile of blocks (debt) and slowly paying it off

Then you can finish off by explaining how the role of banking is to be the middle man in one form or another passing these blocks of money around between the people who have them and those that want some.

[Bloo Loo]

how old are grade 9s?

[Si1]

Start a game of monopoly. Only let a group of kids you will call 'the boomers' play for the first 30 minutes or so, long enough for them to buy all the properties and put hotels on all the squares.

Then allow some other kids to play, they represent themselves. Have 'the boomers' tell them how lazy they are on every even die roll.

They could have separate community chest and take a chance card piles for boomers and post boomers

The former would have things like get a free bus pass, mortgage forbearance, inherit a property' get a lucky low rate on a remortgage, mortgage interest paid by the government in perpetuity so you can retire - resulting in£1000s of gifted money

Post boomers would get student loan payment due, minimum wage job at McDonald's due to job offshoring, job blocking by middle age middle management boomer, obscene house prices forced to buy due to family pressure - therefore pay £1000s to the bank

[thecrashingisles]

how old are grade 9s?

See thread title.

[gf3]

After every sentence say "How's about that then boy's and girl's" that way they will know what's coming to them.

[interestrateripoff]

Will you be telling them about the compound effect of the debt if they go to University?

[Si1]

There's stuff on the BoE website that might be helpful (if you're really asking for ideas).

Failing that just tell them you're name is Carney and read them his speech to the FT last week. Seemed to work for him.

Failing that you could pretend they're an 'economy', distribute some monopoly money and get them to pretend to trade goods and services with each other for money and just keep taking a cut. Just like banks do in real life.

Excellent post

Don't forget regulation and miss regulation in there too!

[LiveinHope]

I had PIT as a child. THIS original version seems a bargain.

It's a good game.

Edited October 31, 2013 by LiveinHope