A conversational YouTube video ("Take Control of Your Banking") featuring Richard Canfield and another speaker discussing problems with conventional banking. In this excerpt they argue that individuals have effectively "abdicated" financial control and profits to banks, failing to learn and pass on banking/financial skills to loved ones — which turns financial dependency into a generational problem.
I think a lot of people understand that to be the problem. I think we just gave the elevator pitch. You're in the banking business already. You're already your own banker. You've just given all of the profits, all of the control, all of the benefits to some third party and you're abdicated your responsibility completely be able to do it. And now you're stuck with whatever the overlords, the scraps off the table that they throw down to us peons whenever we are using the conventional banking system.
The possible lessons that exist with understanding how to do what they're doing. You're also not conveying to the people that you love and care about. So you're abdicating that responsibility to them as well. You're taking the educational capacity of learning how to do this yourself and then training the people you love and care about. You're handing that over to a third party also.
Yeah. You're saying it becomes a generational problem.