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Gregory Pipkins
Cincinnati, OH
United States

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Creating a simplified (as possible) understanding of the global banking system and the way economics work.

I'd love to hear a TED talk that explains the financial system in a way that is clear, concise and can be taught to a 6th grader. Maybe I'm reaching, but I don't mind :)

I think so many of my own struggles with finance stem from a lack of understanding the principles that found the system of monetary exchange the world operates on.

Informed people make better decisions. That's my theory. So, the idea I'm proposing is to seek out the person or team of individuals who could present the scenario of our economic system in a fun, simple, and relevant way using examples that we can all understand and relate to down to a Jr. High level, and then, to give us advice on ways we can fundamentally change our and our communities' economic health for the better, for the long run.

Topics: banking economy effective teaching

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pat gilbert 50+
- +1
Mar 9 2013: I agree

Not exactly what your are looking for but good none the less

http://www.ted.com/talks/niall_ferguson_the_6_killer_apps_of_prosperity.html

This one is pretty good:

http://www.youtube.com/watch?v=yVp8bn_95EM
- Gregory Pipkins
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  Mar 9 2013: I want to respond fully to both videos, but I'll have to get to the "Money and Banking" on youtube when I have more time. As far as Niall Ferguson, you're correct that it's not really what I'm looking for, but I am glad to have further insight into what Niall terms as the "6 Killer Apps". It's a very interesting take and I agree that competition, in it's truest sense, is very healthy. However, "laws that begin with reason" is a far cry from what the West has done. If reason means that human conditions and rights take a backseat to things like property and profit, then yes, Mr. Ferguson is correct. However, to me, reason has more to do with enlightenment and less with economic conservation. I digress. Still, I appreciate the views that are shared and I appreciate you, Mr. Gilbert, for sharing with the rest of us.
  
  Cheers!
  - pat gilbert 50+
    
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    Mar 9 2013: "If reason means that human conditions and rights take a backseat to things like property and profit, then yes, Mr. Ferguson is correct. However, to me, reason has more to do with enlightenment"
    
    Which view creates more reason in reality? Not in theory but in fact?
    - Gregory Pipkins
      
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      Mar 9 2013: "Reality" will be different for every person and being. Yet, we all come together to form the totality of reality. This is why I said specifically "to me" reason has more to do with (spiritual) enlightenment, with Reason being equated to "what makes the most sense". Spiritual enlightenment is a process of breaking down the false images one has created for itself, and on a larger scale, which one has been nurtured to believe in. Profit and property are also terms that are subject to the eye of the beholder. To one person, profit and property may be money and things owned, respectively. While to another person, they can be collectively taken as lessons learned. It just depends on where one's spirit or soul is on it's journey.
  - pat gilbert 50+
    
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    Mar 10 2013: One view espouses the necessity of regulation and laws and government
    
    The other is the corollary
    
    Which creates more enlightenment? Spiritual or otherwise?
- edward long 100+
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  Mar 10 2013: RE: "What is your take on. . . "The CFR is the hidden governing body of our nation. Read Shadows of Power, by James Perloff. The New World Order will have one common currency. People's ignorance and apathy is greasing the wheels for the implementation of global Socialism under the irresistably capable leadership of the CFR. It is virtually a done deal.
  EDIT- Reagan quote deleted.
  - John Gianino
    
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    Mar 10 2013: How do you imagine this new concept of currency?
    - edward long 100+
      
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      Mar 10 2013: Please don't trust my opinion here, but I think it will be exactly like the game of Monopoly. Imagine trying to introduce "money" other than the various color-coded denominations supplied by Parker Brothers (or whoever owns the game now) with the game. It wouldn't work because everyone agrees to use the game money only.
  - pat gilbert 50+
    
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    Mar 10 2013: That seems odd coming from Reagan. He was anti centralized government. I have heard things about the CFR before. As you know I am not complacent, but to be honest I need something more substantial than a quote and a book about Jekyll island.
    - edward long 100+
      
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      Mar 10 2013: Good idea sir. Honesty is the best policy. I too will look for other sources on this unlikely sounding quote from an Economic Summit in the Spring of '83 in Williamsburg, VA. Maybe Ronnie just wanted a global currency without a global government? By the way, Jekyll Island is off the coast of Georgia where 7 men met in 1910 to secretly to form the banking cartel that would become the Federal Reserve System. The book is not about the island contrary to the title.
    - edward long 100+
      
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      Mar 10 2013: There is no reference offered by the author (Griffin) beyond the time and place of Reagan's alleged comment. I have deleted it from my comment. Thanks for your vigilance
    - edward long 100+
      
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      Mar 12 2013: I contacted the publisher and they provided the reference for Reagan's quote. The reference is “Say No to the New World Order” by Gary Allen. It was published in 1987 by Concord Press of Seal Beach, CA. The quote can be found in Chapter 13 on page 234. So I will put the quote back in: "National economies need monetary coordinating mechanisms, and that is why an integrated world economy needs a common monetary standard. . . But no national currency will do-- only a world currency will work."-- Ronald Reagan at 1983 Economic Summit in Williamsburg, VA.
  - pat gilbert 50+
    
    +1
    Mar 10 2013: Yes I'm familiar with the event. It does seem plausible given that Woody got the FED passed which was not the 1st central bank in the U.S. But facts are useful as even the writer of your book might color his story some?
  - pat gilbert 50+
    
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    Mar 12 2013: Was it an effort to get away from countries devaluing their currency? Like China does now in order to get economic advantage.
    - edward long 100+
      
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      Mar 12 2013: I'm over my head now, but that sounds like something Ronnie would have pushed for.
  - pat gilbert 50+
    
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    Mar 13 2013: Ok Thank you

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