I was in the Marine Corps and flight school for the inspiration, the preparation for war. Rather than seek security, our instructors forced us to practice “emergency maneuvers” on each and every flight. Rather than hope and pray things would go right, the instructors would intentionally cripple the aircraft in some way, sometimes even killing the engine. They forced us to face our fears, keep our cool, and still fly. It was perfect training for life in the B and I quadrants.
Many people will struggle financially simply because their emotions run their lives. Rather than face their financial fears, they hide from them. Many employees in the E quadrant hide under the blanket of a steady paycheck and job security. The self-employed in the S quadrant hide behind the veil of rugged individualism, the need to be the smartest and the best.
Tell Your Children About the Gorillas
Rather than shelter your children from the real world, advising them to get good grades and a good job that will protect them from the real world, tell them about the four gorillas that loom in their future. When it comes to money, all children are smart. Let them prepare for their futures, just as my flight school instructors helped me prepare for Vietnam.
I know many experts will say that it is not good to scare kids, but this is not about scaring them. It is about preparing them for the future. By facing their fears and preparing for the worst, they have a better chance for a better life.
Then, if your child decides they would rather seek job security in the E quadrant or independence in the S quadrant, they will—at the very least—make a better-informed personal decision. If they believe their best chances for success are in the B and I quadrants, they have time to prepare. Just as Steve Jobs and Bill Gates started their process in their teens, it is best your child do the same, especially if they want to be entrepreneurs.
Your child will face a much different world than the world we live in today. The financial opportunities will be enormous, but so will the problems. The bankruptcies of entire countries have just begun. The near bankruptcy of Greece was only the beginning.
We hear people say, “The next generation of Americans will not do as well as previous generations.” One reason that may be true is because our schools are not preparing them for the real world, the world of the future. Simply said, don’t just protect your child from the future. Prepare them for it.
Final Words on Financial History
In 1971, President Richard Nixon took the U.S. dollar off the gold standard.
In 1971, the U.S. dollar ceased being real money. The U.S. dollar became currency, an instrument of debt, an IOU from the American taxpayers.
The good news is that after 1971, the world economy boomed, but it was an economy based on debt.
In 2007, the debt balloon exploded. Now we are in a financial crisis, a New Depression.
This may be the price we pay for not learning from the past.
History Repeats Itself
Mayer Amschel Rothschild, born in 1744 and founder of the Rothschild banking empire, explained the cause of this global financial crisis.
“Give me control over a nation’s currency, and I care not who makes its laws.”
In 1971, when President Nixon took the U.S. dollar off the gold standard, it made no difference who made the laws. Republican or Democrat, it made little difference. The bankers of the world took control of the most powerful country in the world, the United States of America.
Yet President Nixon was not the first American to fall to the power of the bankers.
Thomas Jefferson, one of America’s founding fathers, signer of the Declaration of Independence, and third President of the United States, stated:
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that grow up around them, will deprive the people of their property, until their children will wake up homeless on the continent their forefather’s conquered.”
Jefferson also warned:
“I sincerely believe that banking institutions are more dangerous to our liberties than standing armies; and that the principle of spending money to be paid by posterity… is swindling futurity on a large scale.”
In other words, the central banks, created in 1913 and of which the Federal Reserve Bank is the most powerful in history, have been stealing the future from our parents, our children, and their children’s children. That theft has now spread throughout the world, and fueled the global crisis we face today.
The U.S. Federal Reserve Bank is not a U.S. enterprise. It is a cartel controlled by the richest banking families in the world. It is no longer Federal. You and I have no control over it. It has no reserves. It does not need money because it prints money. And it is not a bank.
In 1913, the 16th Amendment to the U.S. Constitution was passed. It gave the federal government the power to assess an income tax on its citizens. The 16th Amendment led to the creation of the IRS, the Internal Revenue Service, and gave it the power to collect those taxes.
In 1913, the citizens of the United States lost control over their money. The richest people in the world took control over the soon-to-be most powerful country in the world. A cash heist began with taxes, because taxes are how the rich and powerful put their hands into our pockets, via the government they control.
This theft of our future, via the banking families of the world, is the reason I believe we have no credible financial education in our schools. And why parents must fill that void and prepare their children for the financial realities of the future.
Thomas Jefferson, born in 1743, warned of this… and this was a part of his warning:
“The banks and the corporations that will grow up around them, will deprive the people of their property, until their children will wake up homeless on the continent their forefather’s conquered.”
This may explain why our government bailed out the mega-banks such as Goldman Sachs and Bank of America and bailed out corporations such as AIG and General Motors, bailouts paid for by the taxpayers. It was not to save jobs. It was to save the rich.
The End of the Fed?
During the Presidential election of 2012, Ron Paul, a Representative from Texas and candidate in the Republican primaries, talked about his book, End the Fed. In that book he writes about the power of a central bank that works against the personal interest of Americans. In other words, who pays Fed Chairman Bernake’s salary?
He inspired an End the Fed grass roots movement.
Thomas Jefferson would agree. Back in the 1800s, Jefferson said,
“The issuing power [of money] should be taken from the banks and restored to the people to whom it properly belongs.”
Futile Effort
While it may be a noble effort, working to end the Fed is a waste of time. The entire corrupt system will probably collapse, just as the Roman Empire collapsed around the 5th Century. Will it collapse? When will it collapse? Who knows?
Rather than End the Fed, my rich dad taught his son and me to “Be the Fed.” To “Be the Fed” requires a high level of financial education, which is why he started teaching us early in life.
By the end of this book, you will learn how you, too, can inspire your child to “Be the Fed” rather than work to “End the Fed.”
By the end of this book, you will learn how I print my own money, as the Fed does, and pay less in taxes, like the country’s largest corporations do… legally. And I make this point