The Collective Economy Has Americans Bamboozled

We have been deceived…

We have been deceived by Madison Avenue into thinking that the economy is some esoteric weapon wielded by Behemoths in Washington and on Wall Street over which we have little or no control.

We have been convinced that our role is simply to earn, borrow, spend and repay debt.

We have been brainwashed into believing that the Behemoths know better than individual Americans and their families how we should deal with the money that comes into our lives…and they do it by picking our pockets…and we let them do it…willingly!

Have we Americans lost our minds?

The RESULT of this kind of economic thinking has been the consolidation of financial resources and the concentration of the money–which belongs rightfully in the pockets of everyday Americans–in a limited number of accounts that are owned and controlled by Behemoths. The Behemoths have created a Collective Economy where we Americans are expected to give over control of our money to strangers that work for financial Behemoths and hope that they care for it as thoughtfully and prudently as we would.

That’s Not the Worst of it.

This flawed thinking is the CAUSE of the economic failures of the first decade of the 21st century…

• Two stock market crashes that decimated the wealth Americans…wealth that was trusted to a Behemoth
• A real estate debacle of monumental proportions that has destroyed the personal economies of countless American families; a crisis that was hatched by the arrogance of Barney Frank and other insiders in Washington and the deception of America by…

• Government protected Behemoths Fannie  Mae and Freddie Mac
• Impenetrable financial monoliths like AIG and Lehman Brothers
• Wall Street wizards that are no more wizards than Oscar Zoroaster Phadrig Isaac Norman Henkel Emmannuel Ambroise Diggs–the “man behind the curtain”–the Wizard of Oz

• The failure of hundreds of banks and the loss of billions of dollars of equity by shareholders in those banks
• The failure of GM and Chrysler and the loss of the long established precedent protecting the ownership rights of bond holders over the demands of corrupt union officials for more money and power
• The accretion of power and control over our money and our everyday lives by…

• China, the Oil States, Japan and other foreign investors–some of whom want nothing more that to see the demise of the United States of America
• An out-of-control Federal Reserve Bank that prints money as the solution to every problem and is undermining the very fabric of our free economy in support of the Collective Economy
• Undercover and unaccountable “Czars” imposing unvetted regulations on every aspect of our daily lives
• A healthcare law that will destroy the best healthcare system in the world and vest power over our personal health with bureaucrats in Washington
• A financial regulatory law that puts even more control of our money in the hands of the greedy for power Dolts in DC and the greedy for wealth on Wall Street

That Americans could ever fall into the treacherous sink hole of a Collective Economy created by the stupid idea that government bureaucrats with corrupted power and financial Behemoths with billion dollar ad budgets are better equipped than we to manage our money and our lives is surprising…but it happened.

The Questions Now Are, “How did this happen?” and “How can we fix it?”

In 1974 the US Congress passed ERISA and began convincing Americans that saving money was a bad idea.  The law they passed convinced us that investing [aka gambling] in an IRA or 401(k) was better than putting our money into guaranteed return savings vehicles.  Americans listened.  Wall Street and the IRS rejoiced.

In 1977 a high school coach convinced thousands of naive amateurs that they were financial advisors and taught them to strip every penny possible from secure whole life insurance policies and – you guessed it  – buy term insurance and invest [aka gamble] everything else in mutual funds.  Americans listened.  Wall Street and the IRS rejoiced.

A few years later one of the Wall Streeters invented a new kind of life insurance that took the money that whole life insurance saved in guaranteed accounts and moved it into accounts that were not guaranteed but that the Wall Streeter could profit from even if the policy owner didn’t.  These kinds of policies destroyed dozens of successful insurance companies and cost billions in  lost savings to American families.  Americans listened.  Wall Street and the IRS rejoiced.

In the ensuing decades Americans listened to advice to invest [aka gamble] in dotcoms and invest [aka gamble] our home equity in all sorts of schemes.  Americans were convinced that carrying debt equal to their investments [aka gambles] made some sort of sense.  Americans listened.  Wall Street, the IRS, and money lenders rejoiced.

BUNK – A THOUSAND TIMES OVER – BUNK!

“THE FACT THAT AN OPINION HAS BEEN WIDELY HELD DOESN’T MEAN THAT IT’S NOT UTTERLY ABSURD.” Bertrand Russell.

America has been listening to the wrong people for almost 40 years.  The results are apparent.  The Collective Economy has left American families and the American government bankrupt.

You and I can’t stop the Dolts in DC and the IRS from trying to convince us that they can handle our money better than we can.  Nor will we sway the wonks on Wall Street from trying to sell us products that make them wealthy and us poor.

We can, however, stop listening to the wrong people.  Re-discover the old ways of creating wealth, preserving assets, and taking care of your families.

EUREKONOMICS™…

EUREKONOMICS™ is a personal economic model that is working for millions of American families today and worked for the entire country during its first two centuries.  EUREKONOMICS™ is a set of economic principles and financial practices that have withstood the economic failures of the 1820 to 1840 depression, the Civil War that cost over 600,000 American lives, the Crash of 1907, the Great War, the Great Depression, WWII and the downturn that followed, Korea, the severe economic downturns of the ’70′, ’80s, 2001, and 2008-2009.

Unlike many pseudo-models of personal economics, EUREKONOMICS™ does not rely on planning, which is often no more than a selling system put in a fancy binder. Planning may also be described as map making. It provides useful information based on a snapshot in time, but planning is not the journey.

EUREKONOMICS™ relies on preparation. Preparation is more comprehensive.  Preparation, the basis of EUREKONOMICS™, is more akin to provisioning.  It uses the information on the map as a guide but also acquires the resources to assure success on the journey without incurring significant risk.  As a result, Americans that apply the economic principles and financial practices of EUREKONOMICS™ to their personal economies have experienced guaranteed growth of their assets.  Any speculative or investment losses they incurred were offset by guaranteed gains.

The Four Pillars…

Albert Einstein said, “The significant problems we have cannot be solved at the same level of thinking with which we created them.”

The 50 page leather bound financial plan that you receive from the well known company with the large advertising budget is at best a snapshot of a fantasy; it represents the “level of thinking” that has America in debt up to its eyeballs. It is out of date when you receive it and out of touch with the reality of your life’s daily challenges.

The Typical Financial Plan Wants for Wisdom…

Think about it. Do you rush to the bookshelf to pull out your neatly bound financial plan when your family faces a crisis and you need money?

Ask yourself how you’d feel if, instead of unfounded fantasies in a fancy leather binder…

1. You were free from debt-to-others; no mortgage, no car payments, no credit card bills or store charge card balances, no home improvement balances at the home improvement center…no debt of any kind
2. You had an income you didn’t have to work for, you couldn’t outlive, was protected from inflationary pressures, and wasn’t decimated by interest payments and taxes every month
3. You had ready money to take care of yourself and your family when some planned or unplanned life event required it – job loss, college for the kids, illness or disability, a long awaited second honeymoon, long term nursing home expense
4. You had a secure tax free legacy of your wisdom and your wealth that you could pay forward on your terms to those you care about.

These are the Four Pillars that are the framework of all stable personal economies because they rest on a foundation of money that you – and you alone – control.

This is EUREKONOMICS™.   This is the antidote to the Collective Economy that has America and Americans trapped in a dungeon of debt built by the Behemoths.

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