Why Money Is Not Taught In School

"The purpose of the foundation [the General Education Board] was to use the power of money, not to raise the level of education in America, as was widely believed at the time, but to influence the direction of that education...The object was to use the classroom to teach attitudes that encourage people to be passive and submissive to their rulers. The goal was—and is—to create citizens who were educated enough for productive work under supervision but not enough to question authority or seek to rise above their class. True education was to be restricted to the son and daughters of the elite. For the rest, it would be better to produce skilled workers with no particular aspirations other than to enjoy life."

G.Edward Griffin in The Creature from Jekyll Island, on Rockefeller's General Education Board, founded in 1903.

At best, our children are taught how to balance a checkbook, speculate in the stock market, save money in banks, and invest in a retirement plan "for the long term". In other words, they are taught to turn their money over to the rich, who supposedly have their best interest at heart.

As the financial crisis spread, millions of people lost their jobs, their homes, their savings, their college funds, and their retirements.Those who so far have not lost anything are afraid they might be next.

Most people go to school so they can get a good job, work hard, pay taxes, buy a house, save money, and turn over any extra money to a financial planner - or an expert like Bernie Madoff. Few know why preferred stocks are labeled preferred (http://howtze.blogspot.com/2009/02/blog-post_13.html) and why mutual funds are mutual.

Most people blindly accept the idea of going to school to get a good job and never know why employees pay higher tax rates than the entrepreneur who owns the business.

Many people are in trouble today because they believed their home was an asset, when it was really a liability. These are basic and simple financial concepts.

Yet for some reason, our schools conveniently omit a subject required for a financially freed life - the subject of money.