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RE: All the Banks Are Broke: Godfrey Bloom Speech

in #banking8 years ago

It starts with education. :)

Most people couldn't explain fiat currency of fractional reserve lending. They couldn't explain why pieces of paper or numbers on a computer have any value at all. They don't understand money so those who do can take advantage of them with superior knowledge.

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True, investments in education is another topic i see difficult in Germany, governments might simply want stupid population one can think sometimes..... :-(

I was surprised to hear from some friends who moved back there (he's German) that homeschooling is illegal. They've since moved back to the U.S.

yeah home schooling indeed is illegal :-) - think all need to open for new innovative ways in society, Germans are not known for being extremely flexible and fast adopting innovation (apart from automotive industry)

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