Getting Schooled on Becoming More Financially Literate
Dennis Friedman November 5, 2019 Humble Dollar
MANY BELIEVE we’ve raised a bunch of financial illiterates. If people were better educated about personal finance, the argument goes, they’d make smarter money decisions. North Carolina this year became the 20th state to require high schoolers to take a financial literacy class. Its Lieutenant Governor, Dan Forest, said the new law would “ensure future students, prior to graduating high school, will be more financially literate and economically sound in their decision making as adults.”
But many aren’t sold on the idea that a personal finance class in high school is going to make much of a difference. According to the Huffington Post, “The way we make financial decisions has more to do with our money personality, our math skills, logical thinking, the ability to investigate, the confidence to ask questions and spot BS answers, and recognizing the unconscious influences in ourselves that have long been studied by behavioral scientists.”
There are many studies that show that teaching financial literacy in high school has little effect on how people handle money. For example, a 2014 paper for the journal Management Science looked at the results from nearly 170 papers covering more than 200 scientific studies on financial literacy. It found that financial education did little to improve subsequent financial behavior.
According to Timothy Ogden, managing director of the Financial Access Initiative, a research center, “It’s easy to boost financial knowledge: Lots of programs show positive outcomes when you ask people a few questions before and after a financial-ed course. Unfortunately, the impact disappears when you measure what people who take the courses actually do (not just what they say they do, which is a problem with a lot of studies that claim to find an impact).”
What these studies may be telling us is that we need to change the way we teach financial literacy. Financial education can have more of an impact if it’s based on the students’ short-term needs and delivered in a timely manner. For example, teaching high schoolers about college loans and credit card debt could make a difference in the debt load of students going to college.
Personal finance classes also need to deal with economic realities. How to find the lowest interest rate on a car loan is more important than how to calculate interest on that loan.
We should keep in mind that just because you know more about personal finance doesn’t mean you’re going to behave better. We all have emotions and biases that can keep us from making rational decisions.
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HOLLY CELIANO: RV UPDATES! The Great Wealth Transfer & Latest Financial News | Oct 30, 2026
Chris Real World: 10-30-2026
In an insightful analysis by financial commentator Holly Celiano, recent industry developments illustrate how digital assets are no longer operating in isolation. Instead, they are steadily positioning themselves as vital components of a unified, highly efficient economic infrastructure.
This transition represents an evolutionary upgrade rather than a radical replacement of traditional systems, balancing regulatory responsibility with technological progress.
Rob Cunningham: The Global Release, Indebted to Enriched
10-3-2026
What if one day this fictional geopolitical thriller becomes a non-fictional reality?
THE GLOBAL RELEASE
from indebted to enriched
One coordinated release. Seven days of fallout.
At the same instant, designated custodians receive two words:
Basrah Heavy, Medium Crude Record Weekly Losses
2026-10-31 Shafaq News- Basrah Iraq’s Basrah crude grades ended the week down by around 0.15%, despite gains in the final trading session and rising global oil benchmarks.
Basrah Heavy crude climbed by $1.09, or 1.49%, in the final session to settle at $74.11 per barrel, but recorded a weekly loss of $0.10, or 0.13%, from $74.22 at the start of the week.
Good Afternoon Dinar Recaps,
GLOBAL PAYMENTS RESET WATCH: BRICS PAYMENT SYSTEM GAINS ATTENTION AS COMMON CURRENCY REMAINS A DISTANT GOAL
A new policy report urges BRICS nations to advance cross-border payment cooperation and local-currency settlement, while acknowledging that creating a shared currency remains a much greater challenge.
It’s Hard To Reform A Country That No Longer Shares Values
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 30, 2026
On September 17, 1787, 81 year old Benjamin Franklin sat in a room in Philadelphia with a speech in his hand that he was too weak to deliver.
A fellow delegate read it to the Constitutional Convention for him.
Franklin had reservations about the draft Constitution. His speech admitted there were “several parts of this constitution which I do not at present approve.”
Ariel: Iraq Sending the Budget Back for Recalculation
10-31-2026
Remuneration & Recalibration: Iraq Sending The Budget Back For Reconciliation/Recalculation
We Will Jump Right Into This Report
The Return-to-Sender No One Wants to Explain
The Ministry of Finance doesn’t send a budget back to the drawing board because the formatting needs tweaking. That document traveled all the way to the Council of Ministers the executive nerve center and then boomeranged straight back to the people who wrote it with what amounts to a sticky note reading “recalculate everything.”
KTFA:
Clare: The Minister of Transport discusses with Uber the company's entry into the Iraqi market.
10/30/2026 Baghdad /
Minister of Transport Wahab al-Hassani discussed with the CEO of Uber Middle East the company's desire to enter the Iraqi market under its original brand, and opportunities for exchanging expertise and experiences in the transportation sector.
According to a ministry statement, the company representative affirmed that "the security stability that Iraq is witnessing has been a primary incentive for moving towards the Iraqi market and offering its services there."
MilitiaMan & Crew: The New Trade Pipes: Why Everything You Know About Markets Is Wrong
10-30-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Good Morning Dinar Recaps,
GLOBAL ENERGY RESET WATCH: STRAIT OF HORMUZ TANKER ATTACK RENEWS FEARS OF OIL SUPPLY DISRUPTION
A reported attack on a commercial tanker in one of the world's most important oil corridors is adding fresh pressure to energy markets already facing geopolitical uncertainty.
Al-Jubouri: Raising The Dollar Exchange Rate Doubles Agricultural Production Costs By 20%
The former member of the Parliamentary Committee on Agriculture and Water, Thaer al-Jubouri, confirmed on Friday that agricultural production costs in Iraq have increased by 15 to 20 percent following the rise in the dollar exchange rate, noting that this will place a heavy burden on farmers in the country.
Good Afternoon Dinar Recaps,
GLOBAL PAYMENTS RESET WATCH: BIS EXAMINES THE FUTURE OF CENTRAL BANK MONEY IN A DIGITAL FINANCIAL SYSTEM
The Bank for International Settlements is examining how central banks can preserve trust in money as digital payments, tokenized deposits, stablecoins, and new financial platforms reshape the global payment system.
TNT:
Tishwash: Al-Fariji: The revenue generated from the change in the exchange rate does not represent a profit.
Crisis expert Ali Al-Fariji confirmed that the revenue generated from the increase in the dollar exchange rate against the dinar does not represent a net gain added to the state treasury.
Al-Fariji told Al-Maalouma that "raising the exchange rate of the dollar against the Iraqi dinar in the local markets may provide quick liquidity, but it does not represent a financial reform in itself."
He added that "real reform lies in building a multi-source revenue system, recovering funds and assets, reducing waste, and transforming the economy from dependence on oil and dollar pricing to financial management that measures results and creates real and sustainable revenues for the state."
Rob Cunningham: The Liquidity Revolution
10-30-2026
THE LIQUIDITY REVOLUTION: WHAT’S IN IT FOR HUMANITY?
A world rich in assets should ask a profound question:
WHY IS FINANCING PRODUCTIVE WORK SO DIFFICULT?
A farmer owns land – but needs equipment.
A manufacturer owns assets – but needs working capital.
A community has builders, materials and willing workers – but needs financing.
Stern Drew: Russia Showcases New Payment Infrastructure using Blockchain
10-30-2026
Russia Has Officially Showcased A New Payment Infrastructure Using Blockchain To Ditch The Dollar
At the International Economic Forum, Putin had also dropped this absolute BOMBSHELL:
“Any country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure.
Bruce’s Big Call Dinar Intel Thursday Night 10-29-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome, everybody, to the Big Call tonight. It's Thursday, october 29, and you're listening to the Big Call. Thanks, everybody, for tuning in again. We're on our regular Tuesday, Thursday, Tuesday, Thursday night pattern, which is good. We're still we're back, and we look forward to putting out a nice call tonight for everybody.
The US Changed the Dollar Before. Why Wasn’t it political Suicide?
Lynette Zang: 10-28-2026
Could the U.S. reset the dollar overnight without political consequences?
Lynette Zang examines how the government changed the rules governing the dollar in 1933 and 1971, why Nixon won reelection after closing the gold window, and how these monetary shifts continue to impact your purchasing power.
Discover why understanding monetary history, inflation, and direct ownership of physical gold and silver matters when protecting your wealth and financial sovereignty.
Ariel: IQD Holders will want to Read this
10-29-2026
You Want To Read This IQD Holders:
RLUSD on Coinbase means Ripple’s stablecoin is now on the largest US crypto exchange. That expands access for retail and institutional players. RLUSD runs on the XRP Ledger (XRPL). The XRPL is an ISO-20022-compliant blockchain. The GENIUS Act framework governs stablecoins in the US. RLUSD has OCC approval for its national trust bank charter.
Why does this matter for IQD specifically?
Reset Intelligence: Iraq's Central Bank Denies Printing New Notes.
By Reset Intelligence | @EXIT_FIAT
On Thursday the governor of Iraq's Central Bank, Nizar Nasser Hussein, told parliament's Investment and Development Committee that talk of new banknotes being printed is inaccurate. There is no printing, he said, and the gap between the bank's dollar price and the street's is down from 24% to 9%.
In August, lawmakers who sat with the bank described the new series as designed and ordered. Days later the bank denied it.
IMF Prepares New Lending Program For Iraq
2026-10-29 Shafaq News- Washington/ Baghdad The International Monetary Fund (IMF) is preparing a new lending program for Iraq, whose economy has been severely affected by the fallout from the war on Iran, after beginning talks with authorities in Baghdad, IMF spokesperson Julie Kozack said on Thursday.
KTFA
Saturday Night Video
FRANK26….10-31-26….PROSPERITY
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#