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Barack Obama's List Of "20 Things Kids Need To Know" About Using Money
The following charts are a summary taken from the "Money as you Grow" presentation prepared by the President's Advisory Council on Financial Capability (created by executive order). What it highlights are "20 Things kids need to know to live financially smart lives" and is Barack Obama's personal advice to children ages 3 through 18+ on how they should spend their money. The list, which includes among it such brilliant advice as "you may have to wait before you can buy something you want", "it can be cost and dangerous to share information online" (with the NSA), "putting money in a savings account will protect and pay you interest", "the sooner you save, the faster your money can grow from compound interest", "your first paycheck may seem smaller than expected since money is taken out for taxes", "you should use a credit card only if you can pay the money owed in full each month", and of course "you need health insurance" has been pulled straight from Bizarro Day, and literally redefines New Normal humor since everything it recommends is the opposite of how the real world now works.
So who is issuing this indispensable advice?
The President's Advisory Council on Financial Capability (PACFC) was created by Executive Order 13530, which was signed by President Barack Obama on January 29, 2010. Its charter is to advise the President on promoting and enhancing financial literacy and capability among the American people. While the President's Advisory Council on Financial Capability cannot by federal statute become operational, it is charged with providing financial capability policy recommendations for the nation to the President of the United States. One of the key objectives of the President's Advisory Council on Financial Capability is to find ways to improve the financial capability of young Americans.
The purpose of this website is to inspire families, community organizations, nonprofits, and businesses to embrace Money as You Grow as a tool to promote financial literacy. This website serves as a guide to learning about and using Money as You Grow. It is intended for reference only, and is not meant to endorse or promote specific initiatives.
QUESTIONS? COMMENTS? WANT TO GET INVOLVED? Email us: info@moneyasyougrow.org
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train 'em early...the message to the youth...YOU NEED OBAMACARE AND MyRA...thank you for your support Citizen.
Why doesn't the asshat in charge take his own advice and run Gov like that?
Instead....borrow, borrow, borrow...and tax, tax, tax.
Oh, and if you're a bankter you just "make money" out of thin air and sell it as debt and charge interest on "nuthin".
#8 and #18 are the richest ones.
#20 - I am they include risks like rehypothication, raiding seggrated accounts, and mandatory treasury purchases, right?
Bail in's.
Why does Obama hate America? This list includes things like "savings" or "don't borrow money to buy useless shit" which would obviously slow down our glorious economic recovery. I think Bernanke and Yellen have it right. When things like your house go up in value, you should borrow out the equity instead of selling then default when the bill comes.
Plus Not to play with NSA Bubbles
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I do wish a hands-on, real world view about money and its uses had been stressed when I was a kid. But I'm always worried about the "government" doing these things to "help" people.
For example, listed above, "You need insurance."
Hmm, really? How about if I learn about exercise, herbs, and natural cures, and save money in case there's an accident?
I "need" insurance, you mean when I'm 80, or when I'm 18? "You need Obamacare" is more like it.
That's why I don't like lists of values printed by government agencies, their political agenda must ALWAYS find its way in to the discussion, that's what governments do.
#21 - “Put a little money in Bitcoin...Come back in a few years and it’s going to be worth a lot.”
"Don't buy shit you cannot afford."
Slaves need not to think because their master thinks for him.
...THANKS for him. Fixed it for ya
I WANTS myRA, I WANTS OBAMACARE!!! I WANT DOGECOIN to DA MOON!!!
Pretty ironic conisdering the President and Congress run the country in the complete opposite way.
Clearly, we need a bigger bounty.
http://www.theblaze.com/blog/2014/03/05/is-obama-focusing-on-income-ineq...
"putting money in a savings account will protect and pay you interest "
Yes it's perfectly correct. Once you take inflation into account, savings will pay you .... negative interest.
Assuming of course, you don't get bailed-in first.
Teach you kid to do what the banksters do.
1. We print money in the back room and then we make you do tricks to get some. But not much.
2. If you spend more than you have you have to steal some from someone else, like we do.
3. Buy health insurance or we'll break your knees.
Putin's List Of 1 Thing Kids Need To Know" About Using Money: If you need to launder, always go for London property.
The government should follow this advice.
But Daddy, Greenspan, Bernake and Bush told me that I need to keep spending money!!! Can I go buy a new bicycle or not?
Rule #X: If you do want to borrow money kids, be sure and have an accommodating chairman on your side. Also, in order to spend on your credit card learn how to lobby and negotiate the raising of your debt ceiling
If you do need to borrow money, be sure and spend your grandkid's money. I know they don't exist yet but you can still write promissory notes. This can be really successful because they are powerless to defend themselves and you can claim you are doing it for their future
It's not that bad. Most of the lessons are ones I taught my children. Other than the Roth IRA advice and the "banks pay you interest" advice, not terrible.
Somehow this takes me back to a moment from my childhood... *image wavers away to a younger Mediocritas*
I was in 5th grade; our teacher stopped the usual lesson and lead the whole class off to the library. This was odd because it wasn't time for our once-a-week library session.
As we filed into the library I saw three strangers standing in the corner, 1 man and 2 women, all dressed smartly in their black business suits, with bizarre smiles plastered on their faces that gave me the creeps, as if they were predators ready for an easy meal. For a moment I thought they were cops / agents and that we'd done something wrong. I distinctly remember that feeling and that moment.
We were told to sit down and the suits then proceeded to teach us all about how wonderful it was to open a bank account, put your money in there and watch it grow (much like this bullshit from Obama). They had an awkward little "play" to go along with it which nobody enjoyed. At the end of it, we were given cutesy little deposit books and lined up neatly to simulate lining up for tellers at a bank. At the front of the queue, we were told to sign our names by a creepy smiling "teller".
That freaked me out a bit as a 10 year old kid. WTF was this? I didn't understand what the hell I was signing for. The plastic smiling suit woman said it was just for putting my name on the book and that we wouldn't *actually* be opening an account until an adult signed the consent form.
It concluded, we went back to class and the teacher told us all to get permission from our parents later. I didn't want to, the whole thing disturbed the heck out of me, so I didn't bother to tell my parents.
Over the next few days, the teacher kept bugging us. A few of us held out because we didn't like it, but eventually the others caved until I was the last one standing. The cow, Mrs. Elliott, eventually bullied me into it in front of the other kids and I caved too, dutifully opening my first bank account.
Man, if only I'd known then what I know now about banks. That fucking bitch would have copped a torrent of abuse from a 10 year old kid, and the plastic PR bank droids would have gotten their share too. How the hell was that crap ALLOWED, and how much did that bitch get paid for it?
I've still got the passbook for that account and (allegedly) $40 from the first deposit. Wonder what it's worth now? Probably -$4,000,000 from bank fees, then overdraft fees when it went negative.
Through 12 years of school, that was the only time we ever had a programming visit from corporate drones. Just the banksters, getting in when the kids are naive, ready to be programmed. That's the power the banksters have in society. It should be illegal.
One thing's for sure, if the banksters are stupid enough to visit my daughter at school, then the only consent form I'm signing is the one where she's getting expelled for ripping each of those banksters, and her corrupted teacher, a new one. I'll sign that with pride.
The teacher was clearly taking a commission.
You should have stood up and told those brats about disclosure rules on large sums of money. That would have done it. The classroom would have revolted
It's too bad that this post is buried so far down the list of this article. What happened to you back then is surely a teachable fucking moment.
Yeah, I got a few lessons out it. The one that stuck the most was an early appreciation of this: http://www.youtube.com/watch?v=qA-gbpt7Ts8
They left out the last entry on the last chart, "Milestones 18+ Year Olds": "Tote a gun and kill for us so as to prop us up financially."
"Guns don't kill people, mostly people in uniform do."
"Rule #2: You Earn Money By Working."
That is going to come as a surprise to most of Obama's voters.
Rule #15 for those that manage to find a job: "Your paycheck will be smaller than expected because we seize our part first. Remember, you didn't make that anyway and you owe us. Work hard, pay more."
Obama = Villiage Idiot
Money as you die:
4. Unfortunately that knee/hip replacement is a want, not a need. You're not "productive" anymore and have no need of mobility beyond transportation from the bed to the bathroom. Same goes for that RV or new car you've had your eyes on.
15. When you retire and look at your first paycheck it will seem even smaller, because that $1500 is just enough to cover the cat food you're now forced to eat.
And also you need to Know about "FED" and their "Bandits" and what they are upto!!
And also you need to Know about "FED" and their "Bandits" and what they are upto!!
7 trillion in new debt since this man took office he may well be the worst person to be giving advice on money management in the world
They want to sucker as many dolts as they can to save fiat paper in banks so they can steal it. They don't want you to shop online because for the most part it's tax free. Notice that they state that one several times. Compound interest? The interest does not even cover the fees on you account. Anyone who follows this advice deserves to have their money stolen.
5 yrs ago, I considered Obama to be a socialist. Now he's a full blown communist. Probably always has been. Slowly sowing the seeds of the red death.
It's vital for kids to learn this stuff so that they can remain stupid muppets easily controled by the White House Wokkies and TPTB.
#1 Faggetaboutit! U ain't gonna have any $$$ to worry about cause yur gunna be payin' for my 'Change you can Believe in! forever!
I didn't see any mention of a money tree. You know, the one he has that pays for things like Obombercare and the like.
Huh, nothing about a "budget" or what a "credit limit" is?
At least W was honest about it. He recommended reading The Godfather.
10 things politicians need to know about using money:
1. Fiat currency in the treasury is not YOUR money
2.A deficit is not more reason to spend more
3.Spending more then you take in does not end well
4.Constant depreciation/appreciation of fiat currency as a reactionary policy intensifies unwanted economic environments
5.You cannot spend your way to prosperity
6.Bailing out failed corporations at the expense of taxpayers fuels moral hazard
7.Increasing the mimimum wage decreases purchasing power of an already worthless fiat currency
8.Government programs always go broke.
9.Every form government in history has destroyed itself eventually and rendered itself a failure. Every form of fiat money backed by nothing other then 'faith' in government has the same result. 100% correlation.
10.Inflating a currency at the will of government is the most deceitful way to enslave a population.
Nobody still believes Dubya is much stoopider than Barry, right? My Pet Goat says to open a savings account.
Spoken by a true visionary who has never made or created a single $1 in his crooked life!
"20 Things kids need to know to live financially smart lives"
Become a narcissistic sociopath like me and run for high office or get a job on Wall St.
would you take your financial advice from an agency with under $3T in income and over $17 T in liabilities?
what stunad gives this to his kid and says "read this and learn"?
don't forget the printed $4 Trillion we are on the hook for at the FED or the trillion Student loans, or the trillion over at this or the trillion in pensions we owe union government employees.....just endless debt. We are on the hook for $110Trillion when we have reveneue of $3.5 Trillion. Going to have to print alot more FED dollars to paper over that HOLE. Speaking of HOLES...what is Hillary up to?
$20 Trillion+ things kids will learn from obama.....
didn't hilter and Stalin have lots of indoctrination for children. Where is it that people get paid interest on their bank accounts? What a freaking joke!
21. Life Insurance - You need this so your loved ones can bury you if your country drones you or sends your sorry ass off to a foreign land to defend the corporatacracy's interest.
indocrination 101...the govt needs indocrinated citizens so they can continue looting us to pay welfare parasites and drop drones on yemen weddings
It's not their money 'cause they 'never built anything!'
'Kids open your piggy banks and take some of these really valuable 30Y T-Bonds off my hands,' said the smiling Kenyan.
The younger you are, the more you need to know that you are being lied to, cheated and robbed by the political economy you were born into. However, OBVIOUSLY, young people are never going to be told the truth by their government that their government has become their worst enemy, because it is actually controlled by the international banksters.
It is impossible to exaggerate the degree to which President Obama's statement is "pulled straight from Bizarro Day, and literally redefines New Normal humor since everything it recommends is the opposite of how the real world now works."
He teaches abortion a lot better!