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Children To Get Lessons In Money And Debt

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Guest mattsta1964

Perhaps they should consider teaching our kids where our money actually comes from in the first place!

And teach the rest us too while they're about it!

Children to get lesson in money and debt

What a joke!

The entire monetary system is debt based. Virtually all our money exists as debt. We own our assets with debt. we buy our flat panel TVs and DFS sofas with debt.....

In the debt based economy, one person's gain is another persons loss. There will always be losers in the debt based economy and there are going to be many many more losers than winners in the years to come.

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Perhaps they should consider teaching our kids where our money actually comes from in the first place!

And teach the rest us too while they're about it!

Children to get lesson in money and debt

What a joke!

The entire monetary system is debt based. Virtually all our money exists as debt. We own our assets with debt. we buy our flat panel TVs and DFS sofas with debt.....

In the debt based economy, one person's gain is another persons loss. There will always be losers in the debt based economy and there are going to be many many more losers than winners in the years to come.

These lessons are simply going to be propoganda. Shows the depths to which to monied elite will sink to keep the machine running. They'll infect the minds of these kids with the mantra that debt is good, paying 500k for a shoebox in London is a sound investment, and that the erosion of living standards because of extreme pressure on wages from foreign workers is to their benefit. I can just see it now, little Thomas finishes 6 months of this brainwashing...

Reporter: so what do you want to do when you grow up

Thomas: I want to work an 80 hour week for minimum wage whilst paying off a huge student loan.

Heir Brown: Exxxcelllent

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To get lessons on "money" can only be a good thing (though stable doors and horses bolting springs to mind). Hopefully the lessons will be balanced and encourage savings and investment.

Can't see this happening though..

Personal debt is becoming an increasingly political issue. A policy group led by Iain Duncan Smith, the former Conservative leader, published proposals last week to restrict credit. He called for banks to face mandatory regulation, particularly over the amounts of interest they charge on credit cards.

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I am assuming that they don't intend teaching children not to get into debt but how take more debt on to keep the economy afloat. intergenerational mortgages anyone ?

The sheer irony/ hypocrisy is almost breathtaking really isnt it ? Labour government encourages people into unprecedented levels of debt and then educates them on how to manage their finances prudently whilst GB is busy borrowing on our and our children's behalf like tommorow will never come.

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