Video: Money, Banking And The Federal Reserve

Take the time to watch this video! You’ll learn that the fractional reserve system used by commercial banks is a fraudulent system that is not allowed in any other business. Not only are banks allowed to get away with it, but they are allowed to make outrageous amounts of profit from it.

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What Every Grandparent Should Teach Their Grandchildren

Post by BecomingYourOwnBank.com Owner – Dan Thompson   Do you remember the movie “Back To The Future?” Wouldn’t it be nice to have a DeLorean equipped with a Flux Capacitor that would allow you to go back in time and live a part of your life over again? Maybe you would just make a minor…

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Pension Plan, Defined Contribution Plans, and Public Workers Compensation

Guest post by J. Grace Liao. A pension is a form of deferred compensation earned overtime through employee service. Traditionally the pension arrangements were classified as defined contribution plans and defined benefit plans. A defined contribution plan is a retirement plan whereby the firm contributes a certain payout each period to the employees’ retirement account…

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Immediate Annuity

An immediate annuity is the arrangement of a regular flow of income checks to you. You can receive this income, based upon your preferences monthly, quarterly or annually.The checks can start to you as fast as within one month of deposit, and … You can utilize savings that you have through other retirement plans, savings plans or even through deferred annuities… The immediate…

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What is a Simple Annuity?

A simple annuity is defined as an investment vehicle designed to accept, grow and, upon annuitization,  payout a stream of income.  Annuities are offered by insurance companies.  The insurance company is in charge of your money and is contractually obligated to see that you get paid the agreed upon amounts. For you linguists out there the word…

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Why Advisors Have Had to Change the “Look-Back” Period!

I was driving across Southern Idaho the other day and was searching for something to listen to on the radio when I came across a financial planner talking about the current economy. As a “recovering and reformed” financial planner I was interested in what he had to say. I remember back in the mid eighties…

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Wall Street Myths – Average Vs. Actual

That fact of the matter is that for every 25% loss you incur—you must gain 33⅓% just to get back even!

In our equation most investors would say that they averaged 0% over the last 2 years. In other words +25% and -25% averages out to 0%.

The truth is if you go up (or down) 25% and then go down (or up) 25% your average return has been a negative 3.17%.

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How Government ‘Help’ Is Hurting America

“There was a Chemistry professor in a large college that had some exchange students in the class.

One day, while the class was in the lab, the Prof. noticed one of the exchange students who kept rubbing his back and stretching as if his back hurt. The professor asked the young man what the matter was. The student told him he had a bullet lodged in his back. He had been shot while fighting communists in his native country who were trying to overthrow his country’s government and install a communist government.

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Have You Bought the New Book Yet?

It’s finally finished. “Discovering Hidden Treasures” by Dan Thompson. Here’s what its all about… We live in a new financial world where much has changed, yet most advisors are still peddling the same old stuff. They preach asset allocation, diversification, risk-tolerance, and all the other buzz words of traditional methods that frankly are NOT working.…

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The Socialist Experiment

An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, “OK, we…

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