@stephjsinclair Not sure if there is a _system_ as such. Just greed. The way I see it is the "money-table" is _finite._ Why would those who sit at the table invite thousands or millions of other diners? That would just mean less for them to consume. In fact, they are squabbling amongst themselves trying to push each other away from the table so they can get fatter (there is no such thing as friendships at the money-table, just look at Putin's existence as an extreme example).
Yea I often thing these things. Like he ans Gary from Gary's economics if they formed a party for economic reform that would be something worth voting for. We have so many good smart competent sensible educated people and for political choice we get bozos like borris Johnson who cant even comb his hair!
As soon as he becomes part of party politics he will be hated. He has no legislative power now sure, but he has a platform and trust. So if he hammers away at select issues he can make some difference and hold politicians to account.
In 2019/20 I watched Martin Lewis regarding financial management which included budgeting. I learnt a lot. Since then I have stuck to his princeples that I have also taught my 21 year old daughter. We are getting there but not like we were in the past. Financial ignorance is a joy killer. Thank you.
It’s only the people that go along with the establishment that get knighted…Martin is rubbing them up the wrong way with his attempts to educate the plebs
He would probably decline it because a title could be seen as an award from a political party and he tries to show neutrality. Also he might feel people would no longer see him as being on their level but part of 'the establishment' which some people won't listen to.
@denzel270 Why shouldn't kids be taught about finance? You'd prefer kids to leave school and have absolutely no idea how to deal with finances, like they are now? Not all kids have parents that care. Why do you want kids to be ignorant of one of the most important things in everyone's life?
I disagree. Imagine banks giving out loans, knowing there's practically zero risk of default? They'd freaking love it. Credit cards however, are another matter. Without interest being paid, they become unprofitable.
Man, what a complete baller. Told he had to jump through 50 hoops to help kids learn personal finance, knew it was a total farce, but jumped through those hoops like a boss. Good for you, Martin.
Martin Lewis is such a brilliant advocate for us all to be treated fairly, and he really does care. I didn’t realise he had to produce and publish a textbook. This government really want something for nothing (state scroungers), he should have at least been paid for all his efforts. A real champion of the “common” person, thanks Martin.
World in a complete mess. How were do you start? To say yes your been ripped off and by whom yes. The very people running the school system. 😂 well. Called politics. They don't want a good smart world 🌎. Seriously. Cya Waste time
As a former teacher and Trade Union official , I argued this in Scotland and the Scottish Govt always displayed warmth and lip service to do it . The attitude of Govt is disgusting and as I reach the end of my life , I really despair at the attitude of all Governments to do something meaningful . Well done Mr Lewis .
That is a very German opinion, when a German official was asked if he was embarrassed that his countryman give so little to charities he replied that they have a government!.
@@ogribiker8535 Yep, Americans are insanely generous when it comes to charity, but it's often because they have to be. I did a charity bike ride once, and my flatmate asked his family to donate. One uncle I'd never even met donated $500.
@joepiekl Absolutely this is a failure of our tory government since 2010, that's why we have so many charities now, all asking us to give money for everything
@@joepiekl Absolutely, here in the UK since 2010 and the con-servatives running our country there have been an awful lot of charities springing up wanting us to give money. And it is because the con-servatives haven't been funding our public services since 2010, and they have been suppressing average wage growth in real terms adjusted for inflation since 2010. Só Since 2010 poverty, homelessness and inequality have been rising at an alarming rate, hence the need for more charities to try and do what our government should have been doing since 2010. Also being cynical I think a lot of these charities aren't really doing what they claim, and some people are making a very nice living from it
When I was 11 my headteacher delivered a weekly class called "social training ". It was SO useful. I've never forgotten her coverage of compound interest and what we would really pay for a mortgage. Every school should be teaching this
Animal Crossing. My daughter is 8 and thanks to playing this game knows what a mortgage is and what interest from a bank is - which I certainly didn’t at her age.
Damien Hinds face - "Who is this horrible little pleb daring to talk to me like this?" is the sum total of his engagement with what Lewis is saying. The french knew the only real answer to people like Hinds.
So you want to murder someone (I assume you're referring to the French Revolution) for being arrogant? You think that's a proportional response? Murder?
This will go down like a bucket of cold sick with the Tories, they need to keep the masses in the dark. Mr Lewis, thank you for all you are doing and have done.
It's not just the tories. It is anybody who wants power. If you can tell the people what to think, you have power. It is not party political, and the biggest influence is from once respectable organisations such as the BBC.
@@mclark1515 while I do think Labour will be better, you cannot judge the Keir Starter Labour Party on what happened between 14 and 27 years ago. We're in a completely different situation than we were back then
@@lonmar0612 I agree, kier is an unknown and it maybe it is a leap of faith but when we have the tories blatantly running the country into the ground we have to try and have some faith it can get better under labour. Starmer is walking the thinnest of tight ropes because if he makes one wrong move the right wing media will be on him like a a flash and that makes him look indecisive. Personally I would love PR but that’s not possible for the foreseeable.
It’s not intelligence it’s intent. They intend to keep the general public in debt because that is how they make their money. Remember Sunak is a finance guy, and there is reason the City of London is a country in its own right - they don’t need to follow the same laws.
"We wouldn't ask GlaxoSmithKline, or the chair of GlaxoSmithKline to pay for chemistry textbooks" Martin, you've just given this Tory government another idea for making schools even worse.
Martin Lewis is a lovely and intelligent man. Clearly going out his way to help, putting his money in and not just his mouth. He's done more for financial education for kids than the government. Let that sink in.
Martin Lewis, you LEGEND!! I had no idea he'd funded a textbook, the idea is utterly mental! Can't get my head around how the "government" wouldn't fund it and allowed / pressured a private individual to do so.
Thank you Martin! As always honest and helpful. Shame there are so few people like this in actual government right now. Get into politics, I'm sure you'd get a lot of votes!!
I've seen nothing about his textbook till this clip. Of all the things that should be pushed in the world, it feels like the things that benefit never garner clicks. Cheers for sharing this.
I find this type of debate alarming. These committees act like what they hear is a revelation. And you know they'll do nothing. As for minster saying things have to be privately funded. Dear God. Government has hit an all time low. They forget they're here to represent the public.
Why hasn't this guy been given a KNIGHTHOOD? (NOT a lowly MBE or OBE!) His CARE and ability to explain stuff we ALL should have been taught in schools, is extraordinary!
Agree on the MBE being lowly. I had an abusive teacher in school. She was rewarded and MBE because she helped out on DoE on occasion? Um, how is that an achievement? The entire system is a scam
The attitude and clarity given by Martin is one that all elected officials should strive to be. Clear and concise with no ambiguity, for all to understand. Taking the concept of "public servant" and treating it with dignity and not using it to score political points!
About 5 years ago I was study on an accountant technician course, the only course member with experience of bookkeeping from the days prior to computerised accounts. Not one person, lecturers included, all working within accounts departments, understood that bank statements were written from the banks perspective and therefore a credit balance was a debt owed by the bank. The customer thereby having an asset (debit) when in credit with the bank. This was part way through the course and no one understood assets and liabilities until I explained this. Educating children in basic finances, basic bookkeeping, balancing accounts and understanding that there are two sides to transactions, a debit and a credit, an asset and a debt is essential both to individuals and businesses. It's also worth explaining that government finances are completely different to personal or business finances in that the government can't run out of money as it has the power to print or create new currency.
Not so much debits and credits they really need to teach money mechanics. Once people understand, that every loan issued by the bank is a one sided contract of debt slavery there would be a revolution tomorrow. For example when you apply for a mortgage the bank doesn't actually have any money to give , rather, it is allowed to conjure it out of thin air because you signed the contract saying you would pay both principal and interest over the agreed time frame. Why then should the bank be allowed to repossess your house if you run into financial difficulties? People need to understand that they are the only person doing any real work or providing any real cash in the entire transaction. The numbers on the screen they gave you were only allowed to be there because you signed the mortgage documents. Without your signature that money cannot come into existence. Explain this to a seven year old and they will tell you that you're being ripped off. They will never teach the truth about money because without the lies , banking dies!
Private banks being able to act as a Central bank. Ultimately if default becomes a problem, that then becomes a national peoblem to deal with as the profit walks away.
@@maria8809ttt The high street banks are basically extensions of the central bank given license to endebt customers through loans. The central bank subjugates the nation where as retail banks subjugate the individual. Why do you think the banks cannot be allowed to fail? Because they're a control mechanism for the masses.The banksters always want an independent central bank as the last thing they want is the people through the government having access to the money printing press. If the CB was controlled by parliament then what would be the need for interest? The entire thing is a giant scam , I only learned about this maybe 10 years ago whilst studying for my accounting BA and I knew then that I would never work in financial services. I mean why would a poor boy wish to rubber stamp the fraud of the rich? The biggest criminals wear suits and until the financiers are taken out we are destined to remain slaves whilst these people never work and have billions.
Martin is a hero with his heart, sole and mind clearly working for the well being of the people and the country. I cannot think of any conservative with the same values
Martin Lewis has helped so much people in the country with all sorts of financial issues he really is a national treasure fair play to him for holding the government to account and not pandering to them.
Oh, Pish Fish, dear chap! We can't have Prime Ministers and the like working on behalf of the People - that would be antithetical to How Thing Work (for some of us)
He makes abreast point about companies spending billions on sales, advertising, marketing etc. but our children or even adults don’t get taught how to resist it or make sensible decisions.
I don't watch TV or follow politics much, and I've only really heard Martin Lewis' name a few times here and there. Wow, what a guy. You have my attention sir.
Crazy how all these ppl on this room are on over 100k a year salaries and majority of them are in the position of change the country for the better but don't. Martin is amazing & he needs the public to support.
I heard people at the top of bankrupted councils are paid over £700k (not sure how true that is). What is clear is that they're not paid for responsibility or results.
i dont know much about Martin Lewis as i have lived outside the UK for over 20 years. What a well spoken and intelegent argument he puts forward. We need people like this involved in Goverment not the barrel scrappings currently in power.
Just love this guy he’s saved me lots of money, I managed to get some ppi back with his guidance, I would back pretty much anything he would suggest as chancellor. And let’s face it loads of politicians have been taking from the coffers, Mr Lewis backed his interest with his own money and arranges a book to be written, edited and published without any abuse of power or bias that needs applauding. 👏🏻👏🏻👏🏻🤘🏻😊 thank you Mr Levi’s and your excellent team.
When my mum told my son in the 80s, (when he was around six years old) that money doesn't grow on trees. He replied, "go to mum's ATM". The thing is the children see cash coming out of an ATM and they don't see that money has to go into bank prior to it coming out. Children were far more aware about money when a majority of purchases were cash. Martin Lewis is a British champion. Although I didn't manage to get the PPI to pay out.
There's nothing here that can be argued with. I took A-level economics many, many moons ago. Just about scraped a pass. I was no genius, when it came to memorising various formulae, but the basics of what happens, when, why and how really stuck with me. Macro and micro economics can so easily be applied to the home, with a little thought. Similarly, home budgeting can give you an insight into govt reasoning. Either necessity, or choice/political ideology. To my mind, this education is at least as important as the core subjects of maths and English...but that's only IF you really want an educated and knowledgeable population.
Being saying for years that financial education is needed in schools fromnprimary to secondary!.. If one person can make it happen it’s Martin Lewis 👏👏👏
very inspiring Martin, He is spot on, I only see politics strangling peoples intake of education, for the politics own benefits, cause more problems keeps them in work, announce new schemes then wind them down later we need a complete overhaul of a very old system. If there is mistakes in my spelling, grammer unfortunately the education system could not help me as I did not understand what i was being taught in 1970s/80s.
This is inspirational! Martin Lewis, if you ever read this, I will put you in touch with two world-class teachers who could spearhead financial education in the UK's secondary schools. Both of them share your passion.
He is such an anomaly to most Conservative politicians because he actually cares. The lack of willingness to fund the textbook shows that the Conservatives struggle with the concept of not being able to monetise absolutely everything and that some things are actually an investment for the greater good.
thats because globalists , and big corp want busy worker bees. trained college individuals in debt so they never leave the job , corp gets their 40 years of work and pass off all the training debt to gov funded programmes paid off by the worker docked from their wages and claimed as a tax write off.
What a Top Bloke! Martin for Chancellor of the Exchequer !! Can you imagine if we had politicians like Martin? What a fantastic country we would live in!
The implications of any private individual can fund and edit school books IS frightening. Thank goodness Martin has good intentions. I never had any financial advice at school, it certainly would have been extremely useful , it should go with careers advice. Thank you interesting discussion The entire education system is in freefall, listen to Martin please. Education is still the states responsibility. The junior school down the road still has the 'temporary' huts that were there when I went 55 years ago. McDonald's are giving away free books like they are saints. Things need to change, invest in schools. Please.
it is scary , especially when gov don't pay a living for said books no professional is going to write school books for near nothing , so all that leaves is a tiny amount of people out of good will like Lewis and the activists , that have incerted their own politial views into Educational text.
Totally agree! I battered on for years about lack of educating kids about finances, banking, tax, credit ,debt etc. The kids had No chance once they left school,,,and considering all the tech social media app stuff available ,,,,it's incredible. They've become just ready made fodda to the media market world. Get it sorted government!!
Great stuff! One question, when do we teach this? You may have heard, school curriculums are already INCREDIBLY FULL! Who's gonna teach it? The government have missed recruitment targets EVERY YEAR, this year but 50%!
Absolutely everything wrong with our government 0:10 Completely out of touch with real life because had everything handed to them on a plate their whole lives and think they are better than everybody else This is a brilliant structured and factual speech by Martin
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
Shame Martin isn’t the chancellor, budget would be a lot fairer for working people.
That is _exactly why_ he isn't chancellor of the exchequer.
@stephjsinclair Not sure if there is a _system_ as such. Just greed. The way I see it is the "money-table" is _finite._ Why would those who sit at the table invite thousands or millions of other diners? That would just mean less for them to consume. In fact, they are squabbling amongst themselves trying to push each other away from the table so they can get fatter (there is no such thing as friendships at the money-table, just look at Putin's existence as an extreme example).
Yea I often thing these things. Like he ans Gary from Gary's economics if they formed a party for economic reform that would be something worth voting for. We have so many good smart competent sensible educated people and for political choice we get bozos like borris Johnson who cant even comb his hair!
As soon as he becomes part of party politics he will be hated. He has no legislative power now sure, but he has a platform and trust. So if he hammers away at select issues he can make some difference and hold politicians to account.
In 2019/20 I watched Martin Lewis regarding financial management which included budgeting. I learnt a lot. Since then I have stuck to his princeples that I have also taught my 21 year old daughter. We are getting there but not like we were in the past. Financial ignorance is a joy killer.
Thank you.
Should be knighted. He is excellent.
It’s only the people that go along with the establishment that get knighted…Martin is rubbing them up the wrong way with his attempts to educate the plebs
They don't knight decent people like this that want to help the working class
My thoughts exactly 💯
He would probably decline it because a title could be seen as an award from a political party and he tries to show neutrality. Also he might feel people would no longer see him as being on their level but part of 'the establishment' which some people won't listen to.
Here here!
Banks under no circumstances want young people understanding credit, budgeting, APR or financial products in general. And that's why we need it
So true, well said.
absolute crap
@@denzel270 W⚓ or is it merchant W⚓
@denzel270 Why shouldn't kids be taught about finance? You'd prefer kids to leave school and have absolutely no idea how to deal with finances, like they are now? Not all kids have parents that care. Why do you want kids to be ignorant of one of the most important things in everyone's life?
I disagree.
Imagine banks giving out loans, knowing there's practically zero risk of default? They'd freaking love it.
Credit cards however, are another matter. Without interest being paid, they become unprofitable.
somewhere there there is a Tory in a cold sweat over the thought of giving a children of working class people help.
Probably Reese-Mogg.
So true, education is power.
@@angh18 Why do you think they made degree's £50k per year. They used to be free.
We need to foster critical thinking while teaching the narrative. @@angh18
Critical thinking needs to take a seat within education.
Martin Lewis . The best Prime Minister we never will have
Chancellor
Martin Lewis has helped so many people across the board. He's one brilliant man
The "establishment" hate him as he highlights their deficiencies and failings.
What is the title of the textbook again?
@@kateosmond1090 Your money matters
Hi Kate, it's "Your Money Matters".
Martin is a true saint 😊
Man, what a complete baller. Told he had to jump through 50 hoops to help kids learn personal finance, knew it was a total farce, but jumped through those hoops like a boss. Good for you, Martin.
Martin Lewis is such a brilliant advocate for us all to be treated fairly, and he really does care. I didn’t realise he had to produce and publish a textbook. This government really want something for nothing (state scroungers), he should have at least been paid for all his efforts. A real champion of the “common” person, thanks Martin.
The Tories couldn't see a way to make a profit from it for one or more of their donors basically...
They really don’t give a toss!! 🤬🤬
Told you. All🍨
Im in complete agreement that financial studies should be taught in secondary schools.
World in a complete mess. How were do you start? To say yes your been ripped off and by whom yes. The very people running the school system. 😂 well. Called politics. They don't want a good smart world 🌎. Seriously. Cya Waste time
As a former teacher and Trade Union official , I argued this in Scotland and the Scottish Govt always displayed warmth and lip service to do it . The attitude of Govt is disgusting and as I reach the end of my life , I really despair at the attitude of all Governments to do something meaningful . Well done Mr Lewis .
Plus the old "domestic science" to teach young people to shop and cook healthy meals instead of unhealthy and expensive take-aways.
@@davidcronan4072 oha defo. I remember making tomato soup from scratch at secondary school. Now I can't remember. But then I am 39
100% educate the next generation at high school, i still believe we should let the primary children be children for as long as possible.
"Charity is a failure of government responsibilities." - Henning Wehn
That is a very German opinion, when a German official was asked if he was embarrassed that his countryman give so little to charities he replied that they have a government!.
@@ogribiker8535 Yep, Americans are insanely generous when it comes to charity, but it's often because they have to be. I did a charity bike ride once, and my flatmate asked his family to donate. One uncle I'd never even met donated $500.
@joepiekl
Absolutely this is a failure of our tory government since 2010, that's why we have so many charities now, all asking us to give money for everything
@@joepieklthe No.1 reason for having a GoFundMe is US medical debt. That is madness
@@joepiekl Absolutely, here in the UK since 2010 and the con-servatives running our country there have been an awful lot of charities springing up wanting us to give money. And it is because the con-servatives haven't been funding our public services since 2010, and they have been suppressing average wage growth in real terms adjusted for inflation since 2010. Só Since 2010 poverty, homelessness and inequality have been rising at an alarming rate, hence the need for more charities to try and do what our government should have been doing since 2010. Also being cynical I think a lot of these charities aren't really doing what they claim, and some people are making a very nice living from it
When I was 11 my headteacher delivered a weekly class called "social training ". It was SO useful. I've never forgotten her coverage of compound interest and what we would really pay for a mortgage. Every school should be teaching this
We covered compound interest for 'o' level maths but maybe that's another item that got dropped when they changed to GCSEs
I wonder if that was off her own back?
Animal Crossing. My daughter is 8 and thanks to playing this game knows what a mortgage is and what interest from a bank is - which I certainly didn’t at her age.
Damien Hinds face - "Who is this horrible little pleb daring to talk to me like this?" is the sum total of his engagement with what Lewis is saying. The french knew the only real answer to people like Hinds.
Everything in his expression shows the contempt he shows for the general population. Odious little creep.
So you want to murder someone (I assume you're referring to the French Revolution) for being arrogant? You think that's a proportional response? Murder?
The arrogance of ministers is a prerequisite. How else could they survive under the constant attack from media?
Yeah right smug Jeremy dangerous name! 🤭
This will go down like a bucket of cold sick with the Tories, they need to keep the masses in the dark.
Mr Lewis, thank you for all you are doing and have done.
It's not just the tories. It is anybody who wants power. If you can tell the people what to think, you have power. It is not party political, and the biggest influence is from once respectable organisations such as the BBC.
Exactly
He says it straight, no bull shit, well done Martin
like pear cider made from 100% pears
If Labour do win the GE, they'd be well advised to offer Martin a job.
@@pjl8119my god give it a rest, all the metrics were better under labour, you just need to look it up.
@@pjl8119 based on?
@@mclark1515 while I do think Labour will be better, you cannot judge the Keir Starter Labour Party on what happened between 14 and 27 years ago. We're in a completely different situation than we were back then
@@lonmar0612 I agree, kier is an unknown and it maybe it is a leap of faith but when we have the tories blatantly running the country into the ground we have to try and have some faith it can get better under labour. Starmer is walking the thinnest of tight ropes because if he makes one wrong move the right wing media will be on him like a a flash and that makes him look indecisive. Personally I would love PR but that’s not possible for the foreseeable.
@@pjl8119what a load of nonsense
Yet another example where the MPs are not the intelligence in the room
MPs will never be the intelligent ones in the room
It's much harder to find counter examples at this point.
When are they? There's furniture in the house of lords.
Yes, the people need to change that by voting for decent candidates. Which means we need decent candidates.
It’s not intelligence it’s intent. They intend to keep the general public in debt because that is how they make their money. Remember Sunak is a finance guy, and there is reason the City of London is a country in its own right - they don’t need to follow the same laws.
Wish our mps had his integrity
This guy is a god send. Really hope what he says here goes beyond just an echo chamber and gets into policy.
"We wouldn't ask GlaxoSmithKline, or the chair of GlaxoSmithKline to pay for chemistry textbooks"
Martin, you've just given this Tory government another idea for making schools even worse.
Tories are thick but clever at giving their friends state money..ask michelle mone
Martin Lewis is a lovely and intelligent man. Clearly going out his way to help, putting his money in and not just his mouth. He's done more for financial education for kids than the government. Let that sink in.
Do you think they want us educated on Money? Well done Martin 👏
This man is a national thressure and must be protected. Just brilhant!
Martin Lewis is just fantastic
The Government doesn't want ordinary people to understand how the financial system works and how to manage their money. It keeps us in our place.
Not only that it keeps them in theirs. There’s no way those Government reps don’t have property they’re letting.
Glad you speaking up for the people
Don't think I've ever heard an MP talk with as much sense as Martin Lewis.
Martin Lewis, you LEGEND!! I had no idea he'd funded a textbook, the idea is utterly mental! Can't get my head around how the "government" wouldn't fund it and allowed / pressured a private individual to do so.
Thank you Martin! As always honest and helpful. Shame there are so few people like this in actual government right now. Get into politics, I'm sure you'd get a lot of votes!!
Martin Lewis you are amazing 👏
this man is a man whod get my vote stright up ..
My god. Imagine if we had people like Martin running the country. We would be living in clover. 😊
Well done Martin the truth hurts !!!
I could listen to Martin Lewis all day, he crosses every i and dots every t, long may he continue to help the people of this tory salted country.
All this debating and committee for funding our next generation - where was all this rampant scrutiny for the PPE contracts during COVID?
It think the salient point is that they put a lot of effort into avoiding scrutiny.
Such a generous Man.
One of the greatest forces for good in the country today! What a shining light for making the world a better place! ❤❤❤
I've seen nothing about his textbook till this clip. Of all the things that should be pushed in the world, it feels like the things that benefit never garner clicks. Cheers for sharing this.
One of the few who genuinley says it as it is, in a most polite and informing way. This man is becoming a national treasure!
Well said, always on the ball!!
Well said spot on. Nailed it!!
I find this type of debate alarming. These committees act like what they hear is a revelation. And you know they'll do nothing.
As for minster saying things have to be privately funded. Dear God.
Government has hit an all time low. They forget they're here to represent the public.
I love Martin Lewis. He explains things in terms even MPs have a chance of understanding.
Why hasn't this guy been given a KNIGHTHOOD? (NOT a lowly MBE or OBE!) His CARE and ability to explain stuff we ALL should have been taught in schools, is extraordinary!
Agree on the MBE being lowly. I had an abusive teacher in school. She was rewarded and MBE because she helped out on DoE on occasion? Um, how is that an achievement? The entire system is a scam
@@Stettafire not relevant!
The attitude and clarity given by Martin is one that all elected officials should strive to be. Clear and concise with no ambiguity, for all to understand. Taking the concept of "public servant" and treating it with dignity and not using it to score political points!
Call the criminals out my friend. The time is now!
Beautifully delivered, why has this man not been knighted?
About 5 years ago I was study on an accountant technician course, the only course member with experience of bookkeeping from the days prior to computerised accounts. Not one person, lecturers included, all working within accounts departments, understood that bank statements were written from the banks perspective and therefore a credit balance was a debt owed by the bank. The customer thereby having an asset (debit) when in credit with the bank. This was part way through the course and no one understood assets and liabilities until I explained this.
Educating children in basic finances, basic bookkeeping, balancing accounts and understanding that there are two sides to transactions, a debit and a credit, an asset and a debt is essential both to individuals and businesses.
It's also worth explaining that government finances are completely different to personal or business finances in that the government can't run out of money as it has the power to print or create new currency.
And they can tax
Not so much debits and credits they really need to teach money mechanics. Once people understand, that every loan issued by the bank is a one sided contract of debt slavery there would be a revolution tomorrow.
For example when you apply for a mortgage the bank doesn't actually have any money to give , rather, it is allowed to conjure it out of thin air because you signed the contract saying you would pay both principal and interest over the agreed time frame. Why then should the bank be allowed to repossess your house if you run into financial difficulties? People need to understand that they are the only person doing any real work or providing any real cash in the entire transaction. The numbers on the screen they gave you were only allowed to be there because you signed the mortgage documents. Without your signature that money cannot come into existence. Explain this to a seven year old and they will tell you that you're being ripped off. They will never teach the truth about money because without the lies , banking dies!
Totally correct.
Private banks being able to act as a Central bank. Ultimately if default becomes a problem, that then becomes a national peoblem to deal with as the profit walks away.
@@maria8809ttt The high street banks are basically extensions of the central bank given license to endebt customers through loans.
The central bank subjugates the nation where as retail banks subjugate the individual. Why do you think the banks cannot be allowed to fail? Because they're a control mechanism for the masses.The banksters always want an independent central bank as the last thing they want is the people through the government having access to the money printing press. If the CB was controlled by parliament then what would be the need for interest?
The entire thing is a giant scam , I only learned about this maybe 10 years ago whilst studying for my accounting BA and I knew then that I would never work in financial services. I mean why would a poor boy wish to rubber stamp the fraud of the rich? The biggest criminals wear suits and until the financiers are taken out we are destined to remain slaves whilst these people never work and have billions.
Brilliant man Martin Lewis.
It's such a shame we can't get people like him into our political landscape.
Well said, schooling MPs, there's in it for themselves.Has any of them done a days work,"No" getting there hands dirty
one of the few true national treasures based on his value to the public.
Impeccable stuff! I’ve downloaded the textbook and I hope the learning spreads to all. Understanding money matters.
Martin is a hero with his heart, sole and mind clearly working for the well being of the people and the country. I cannot think of any conservative with the same values
funky jumper martin! he speaks truth to power...respect!
Martin Lewis has helped so much people in the country with all sorts of financial issues he really is a national treasure fair play to him for holding the government to account and not pandering to them.
Martin Lewis for prime minister?
Anyday I got lot of time & respect for him
Oh, Pish Fish, dear chap! We can't have Prime Ministers and the like working on behalf of the People - that would be antithetical to How Thing Work (for some of us)
He'd certainly be better than the Prime MINIature we have.
😢
I'd vote for him...I think millions would.... even being chancellor
Maybe you should ask him if he wants to be first? Nobody who wants power should have it. It's a problem.
Well done Martin !!! Please keep going and people like you will change society for the better Dave
Martin Lewis is to finance as Mark Kermode is to movie reviews. We are blessed to have both in our lives.
Love this man!! Truly stands up for what he believes in. ❤️
He makes abreast point about companies spending billions on sales, advertising, marketing etc. but our children or even adults don’t get taught how to resist it or make sensible decisions.
I don't watch TV or follow politics much, and I've only really heard Martin Lewis' name a few times here and there. Wow, what a guy. You have my attention sir.
Crazy how all these ppl on this room are on over 100k a year salaries and majority of them are in the position of change the country for the better but don't.
Martin is amazing & he needs the public to support.
I heard people at the top of bankrupted councils are paid over £700k (not sure how true that is). What is clear is that they're not paid for responsibility or results.
Thank you Martin! One of life’s good guys who wants to help the average person. Your advice has been invaluable to me in the past. Thanks again!
This is something I agree with 100% people need more financial education basically economics to be part of the national curriculum.
If we could pick anybody for a political dream team Martin Lewis would be the obvious choice for Chancellor with Gary Stevenson as backup..
Martin Lewis and Gary Stevenson with Mick Lynch as Home Secretary.
I'd say add ian hislop to that A team as well
I did my secondary education at a grammar school and when I started work I was totally unaware of what an invoice was??😊
i dont know much about Martin Lewis as i have lived outside the UK for over 20 years. What a well spoken and intelegent argument he puts forward. We need people like this involved in Goverment not the barrel scrappings currently in power.
Martin Lewis is on the money...
Just love this guy he’s saved me lots of money, I managed to get some ppi back with his guidance, I would back pretty much anything he would suggest as chancellor. And let’s face it loads of politicians have been taking from the coffers, Mr Lewis backed his interest with his own money and arranges a book to be written, edited and published without any abuse of power or bias that needs applauding. 👏🏻👏🏻👏🏻🤘🏻😊 thank you Mr Levi’s and your excellent team.
'teach them when their whole job is to learn' Martin Lewis is a national treasure.
What an inspirational, caring, intelligent human being. Thank you Martin!!
When my mum told my son in the 80s, (when he was around six years old) that money doesn't grow on trees. He replied, "go to mum's ATM". The thing is the children see cash coming out of an ATM and they don't see that money has to go into bank prior to it coming out. Children were far more aware about money when a majority of purchases were cash. Martin Lewis is a British champion. Although I didn't manage to get the PPI to pay out.
Can we get @garyseconomics and Martin Lewis in a room, please?
I see Martin Lewis talking more sense than any politician in power.
Cometh the hour, cometh the Man. His thinking AND advice have saved me...
There's nothing here that can be argued with.
I took A-level economics many, many moons ago. Just about scraped a pass. I was no genius, when it came to memorising various formulae, but the basics of what happens, when, why and how really stuck with me.
Macro and micro economics can so easily be applied to the home, with a little thought. Similarly, home budgeting can give you an insight into govt reasoning. Either necessity, or choice/political ideology.
To my mind, this education is at least as important as the core subjects of maths and English...but that's only IF you really want an educated and knowledgeable population.
My mum's been saying for a long time that this stuff needs to be taught at school. What a boss
Well said Martin. I for one support this. Kids and adults all over our country will benefit.
At 0:11 the schools minister screwing his face up at wat Martin was saying tells you everything 😡
Being saying for years that financial education is needed in schools fromnprimary to secondary!.. If one person can make it happen it’s Martin Lewis 👏👏👏
Was that Philp shaking his head like a bad ham actor?
If politicians where as intelligent and honest as Martin, the world would be a better place.
Maybe those in power want people to be in debt and not understand its consequences. Keep wages low and It helps the richest become even richer.
Take out the word 'maybe' in your post
very inspiring Martin, He is spot on, I only see politics strangling peoples intake of education, for the politics own benefits, cause more problems keeps them in work, announce new schemes then wind them down later we need a complete overhaul of a very old system.
If there is mistakes in my spelling, grammer unfortunately the education system could not help me as I did not understand what i was being taught in 1970s/80s.
"Our first mistake was teaching the peasants to read."
I think you mean first 😂
@@metell74kidd55 Thank you, I missed that typo
This is inspirational! Martin Lewis, if you ever read this, I will put you in touch with two world-class teachers who could spearhead financial education in the UK's secondary schools. Both of them share your passion.
some would nearly say the systems are in place to keep us poor 🤔
I would have given my right arm for this type of education when I was in school. Martin is excellent indeed and I hope they listen.
He is such an anomaly to most Conservative politicians because he actually cares. The lack of willingness to fund the textbook shows that the Conservatives struggle with the concept of not being able to monetise absolutely everything and that some things are actually an investment for the greater good.
thats because globalists , and big corp want busy worker bees. trained college individuals in debt so they never leave the job , corp gets their 40 years of work and pass off all the training debt to gov funded programmes paid off by the worker docked from their wages and claimed as a tax write off.
What a Top Bloke!
Martin for Chancellor of the Exchequer !!
Can you imagine if we had politicians like Martin? What a fantastic country we would live in!
Brilliant Martin
The implications of any private individual can fund and edit school books IS frightening. Thank goodness Martin has good intentions. I never had any financial advice at school, it certainly would have been extremely useful , it should go with careers advice.
Thank you interesting discussion
The entire education system is in freefall, listen to Martin please. Education is still the states responsibility.
The junior school down the road still has the 'temporary' huts that were there when I went 55 years ago.
McDonald's are giving away free books like they are saints.
Things need to change, invest in schools. Please.
it is scary , especially when gov don't pay a living for said books no professional is going to write school books for near nothing , so all that leaves is a tiny amount of people out of good will like Lewis and the activists , that have incerted their own politial views into Educational text.
Martin Lewis ❤❤❤
Totally agree! I battered on for years about lack of educating kids about finances, banking, tax, credit ,debt etc. The kids had No chance once they left school,,,and considering all the tech social media app stuff available ,,,,it's incredible. They've become just ready made fodda to the media market world. Get it sorted government!!
Great stuff! One question, when do we teach this? You may have heard, school curriculums are already INCREDIBLY FULL! Who's gonna teach it? The government have missed recruitment targets EVERY YEAR, this year but 50%!
Absolutely everything wrong with our government 0:10
Completely out of touch with real life because had everything handed to them on a plate their whole lives and think they are better than everybody else
This is a brilliant structured and factual speech by Martin
A good man, talking sense for 12 minutes, brilliant!
Martin, you are my hero. You are genuine, passionate and above all trustworthy. I wish you were in charge.
Truth to power. Impressive oratory again from Martin Lewis. Truth withstands scrutiny.
What a guy though. Well done Mr. Lewis.