While we all know by now how volatile our banking system can become, I’m not so sure people really understand some of the core ingredients that make up the system. Until people collectively can start to understand how it works, it is difficult for anyone to agree on the fixes that are needed, and of course much easier to manipulate public opinion due the lack of knowledge of the public. I discovered a wonderful website after reading the latest issue of Bloomberg Business. A man named Salman Khan. He had an MBA from Harvard, but his “passion†was with math. He discovered when he started helping his daughter with her math lessons though Yahoo Messanger. Before long he was helping her friends too. Then he started making videos. Word spread, and he has remained committed to keeping these lessons free.
There is a HUGE compendium (scroll down) of lessons that I think EVERYONE could benefit from. I plan to watch at least one video per day. I started with the commentary on the Franctional Reserve Banking System (part 1 part 2 part 3)
After you watch a couple of the videos about the Fractional Reserve Banking system, I hope maybe you will post your comments below.