Algebra or Fiscal Responsibility
By Dr. Ken Matto
Proverbs 22:7 (KJV) The rich ruleth over the poor, and the borrower is servant
to the lender.
A few days ago I was perusing Facebook and a fellow posted a picture with the
caption, “another day goes by and I have not used Algebra.” No doubt he was
referring to the fact that in High School we all took some kind of unrelated
math. What I mean by unrelated math is math that we will never use in life. I
went to Vocational School for electronics and we did need some type of special
mathematics which related to the field of electronics. However, what the man
from Facebook had in mind is the fact that the public school systems teach
algebra, geometry, or trigonometry. In the normal course of life, unless one is
seeking a technical career they will never need to know the difference between
obtuse or acute angles.
Then I got to thinking as to why the public school system would teach courses in
unrelated math. Then I realized that back about the turn of the 20th century the
Rockefeller Foundation became heavily involved in the curriculum of public
schools. They began to set the pace to teach and manipulate the minds of the
students. Now I am not going to focus in on the political aspect of the
manipulation but the focus is on the financial aspect. The Rockefellers are
involved in banking. The Chase Manhattan Bank is the flagship of the Rockefeller
dynasty. One principle of banking is that a bank must continually loan money to
stay in existence. Herein lies the reason that we do not see any courses in
school on the subject of fiscal responsibility.
There are many people today in debt, way beyond their ability to repay the
lender and as a result, must either default or make minimum payments for the
rest of their life. This is owing to the fact that people are never taught the
principles of handling money in school. When every person graduates from school,
and even if they don’t, they will be faced with the reality that handling money
can either be a positive aspect of their life or a destructive element. The
public schools and even the home schoolers need to teach the young people about
the destructive nature of compounding interest. If they were taught these
principles, then they could use the principle of compounding interest to their
advantage.
The bankers do not want people to become fiscally responsible because if that
happened, then people would be less likely to be in debt to the bankers and more
likely to never incur unmanageable debt such as skyrocketing credit card
interest. This is why we will never see a course on handling money in the
schools. The bankers want to get people in debt from the moment they graduate
till they die. If people were trained wisely in handling their finances, then
much heartache would be avoided plus less divorces, less suicides, and less
crime. Schools can teach algebra but they need to teach courses on how to handle
money. They need to teach about investing, Ponzi schemes, compound interest, the
difference between credit and debits, the reality that borrowing money does not
represent capitalization. When a person borrows money, no matter what method is
used, like credit cards, they are amassing debt and not wealth. True wealth is
finances without the attachment of debt. For example:
If I have $25,000 in my bank account and borrow $50,000, I have cancelled that
$25,000 out and incurred $25,000 in debt until that loan is paid off. Parents
need to teach their children the destructive nature of borrowing. Now we live in
a world where borrowing is almost a necessity. Not many can buy a house for cash
or pay cash for a car, they must be financed over time. That is managed debt
because with every payment, the principal and interest go down. Credit cards and
even home equity lines of credit represent uncontrolled debt. You borrow and
when you pay back, the balance goes up for available funds thus creating a
revolving door of debt and payment.
I think I have made my point that both parents and schools need to teach
students that handling money wisely will not create anxiety in a person’s life
and that all will have to handle money. The key is will you handle it wisely or
will you handle it foolishly thus enslaving yourself for life. Remember, the
bankers want you in debt and will make every effort to keep you there, as their
slaves. Lincoln freed the slaves in 1863 but if you think slavery has been
abolished, then look at your next credit card statement. Isn’t it time to break
the shackles of financial bondage? I hope parents and educators realize that
handling money is a part of every single person’s life and the earlier in life
one learns the principles of economics, the earlier they will be aware of the
destructive nature of debt and compounding interest, and to be able to let these
principles work for them rather than against them.