Conspiracy by the Rich for Your Money – Why We Need More Financial Education

I am working on a series of articles about the conspiracy for your money.

These articles will range from how relevant the financial conditions were, at the time the book “The Wonderful Wizard of OZ” was written, to economic conditions we are experiencing today (including how similar the characters in the story are to the real life politicians, bureaucrats, and elites in and around DC and NYC today) … to another book that is getting very popular titled “The Creature from Jekyll Island – A Second Look at the Federal Reserve” including a discussion about the recent TARP (Troubled Asset Relief Program) and bailout of Wall Street where the question was who would eat the losses of the derivative trades placed by the large financial institutions.

Would the losses be taken by the financial services community that earned millions in fees each year of the debacle or would the losses be transferred to the taxpayer and their offspring, young, and yet-to-be born, who would go through their entire adult life burdened by heavy debts?

In the course of researching material, I noticed a recent WSJ article that highlighted the “Coinage Act of 1792” that prescribed the death penalty for any official who fraudulently debased the people’s money. The article’s author essentially wondered if the officials at the Federal Reserve Bank were getting nervous or just feeling lucky that they might only lose their job.

I trust these two items point out the need for life long learning, especially in the area of financial education, so that we increase our financial literacy and with the resulting empowerment, we will open our eyes to alternative wealth creating opportunities (including non-dollar denominated investments) and how this education and these opportunities will be the key to resolving the GFC, i.e. the global financial crisis, to paraphrase a quote from Steve Forbes.

I invite you to monitor my blog and watch for the series of articles about the conspiracy for your money, as well as alternative wealth creating opportunities.

Farrell, a former engineer with General Dynamics and management consultant at Deloitte … is on a mission to empower individuals by increasing their financial literacy, improve their ability for personal sustainability, and contribute to the program that has a goal of creating 100 Millionaires by 2012.

Until next time, I invite you to:

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When not traveling for business or pleasure, Farrell operates his own internet marketing company and consulting firm from his home in the mountains of Colorado.

In closing, if you are an entrepreneur, a business owner, employed in an 8-5 job, or recently retired, yet still wanting to be plugged-in to the next wave of economic prosperity, you can join him in pursuing the lifestyle you want to live by following this aspenIbiz link .