4.4 • 1.9K Ratings
🗓️ 13 June 2022
⏱️ 6 minutes
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0:00.0 | You mentioned education in Oslo. You're trying to teach people about Bitcoin. |
0:03.5 | Can you just talk about how we're educated with money? I mean, I had Robert Kiyosaki in the studio, |
0:08.0 | author of Rich Dad Portad, and he always tells a story that he raises hand when he was going to |
0:11.7 | school in Hawaii and said, when did we get to learn about money? And they said, no, no, we don't |
0:15.6 | teach you money in school. And he said, well, why are you teaching me chemistry and Latin and history? |
0:20.4 | And you know, it's part of the premise of a lot of his book. Where are we in the state of |
0:24.4 | teaching money to our children? I mean, we're in the UK where the education system was probably |
0:29.5 | borne out of the industrial revolution where we were teaching workers, kids to become workers, |
0:33.2 | right? Yeah, where are we in the state of money education? Where do we need to go? |
0:39.2 | We're very far from where we need to be. I mean, as we, as you and I just discussed, |
0:42.6 | like we didn't even know about the petrodollar. And we went to good universities and studied |
0:47.2 | history and political economy. Like, it's the reality's been hidden from us. The average American, |
0:53.4 | including me until relatively recently, had no idea how money was created or how it works. |
0:58.1 | And it's not easy to even find out. You have to do enormous amounts of research and try to find, |
1:02.5 | like the people who operate the money system don't even really want to be found. There's one guy |
1:06.8 | who worked on the Fed trading desk who's been willing to turn his career into a window and |
1:13.2 | Fed guy on Twitter. And he's great. And he has blogged about his experiences. He's educating |
1:19.6 | people about how the Fed works. But there's very little of that. And it's all behind closed doors. |
1:25.5 | And most Americans just have no clue how the money system works. It's not taught in schools. |
1:30.4 | I mean, even just being responsible with credit card usage is not taught in schools. |
1:34.0 | Like, so I think the cool part about Bitcoin is it brings back financial literacy. |
1:38.5 | Like, once you start understanding what Bitcoin is, it's such a great educational starting point |
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