The reason why you aren't a millionaire (or on your way to becoming one) is really quite simple. You probably assume it's because you aren't earning enough money, but the truth is that for most people, whether or not you become a millionaire has very little to do with the amount of money you make. It's the way that you treat money in your daily life. – The Street
Dominant Social Theme: It's your fault you are not rich. The system is just fine and plenty of people are well off because they planned and you didn't.
Free-Market Analysis: This article is in line with a larger dominant social theme promoted by the power elite: Whatever is wrong with your world is YOUR fault. Here are the 10 points along with brief responses, and then a further summary below.
"You Care What Your Neighbors Think." Our response: Do adults really spend their hard-earned money on items designed to one-up those who live nearby?
"You Aren't Patient … If you have credit card debt it's because you couldn't wait until you had enough money to purchase something in cash, you are making others wealthy while keeping yourself in debt." Our response: Sometimes when there is little cash and a big need, credit may be helpful.
"You Have Bad Habits… Whether it's smoking, drinking, gambling or some other bad habit, the habit is using up a lot of money that could go toward building wealth." Our response: Is smoking really going to prevent millionaire status? Don't some millionaires smoke?
"You Have No Goals … It's difficult to build wealth if you haven't taken the time to know what you want. You need to take the time to set saving and investing goals on a yearly basis and come up with a plan for how to achieve those goals." Our response: Planning is helpful, but a high-paying job doesn't hurt either.
"You Haven't Prepared … Bad things happen to the best of people from time to time, and if you haven't prepared for such a thing to happen to you through insurance, any wealth that you might have built can be gone in an instant." Our response: This assumes the insurance company is not going to try to devalue or even refuse to honor your claim, thanks to the "fine print."
"You Try to Make a Quick Buck …. For the vast majority of us, wealth doesn't come instantly. You may believe that people winning the lottery are a dime a dozen, but the truth is you're far more likely to get struck by lightning than win the lottery." Our response: Even getting rich slowly is difficult in a high-inflation and high-tax environment. The ones that seem to do the best overall are those involved with government-sanctioned organizations such as teachers unions and public service unions.
"You Rely on Others to Take Care of Your Money …You believe that others have more knowledge about money matters, and you rely exclusively on their judgment when deciding where you should invest your money." Our response: This is not surprising given the massive bombardment of advertising virtually demanding that people hand over their life savings to those who can invest it "professionally."
"You Invest in Things You Don't Understand … You hear that Bob has made a lot of money doing it, and you want to get in on the gravy train" Our response: Again, this is hardly surprising given the amount of publicity that various investment alternatives are afforded, depending on the business cycle.
"You're Financially Afraid … You are so scared of risk that you keep all your money in a savings account that is actually losing money when inflation is put into the equation, yet you refuse to move it to a place where higher rates of return are possible because you're afraid that you will lose money." Our response: Given the volatility of the investment world in the past few years, this seems to us a logical fear.
"You Ignore Your Finances … You take the attitude that if you make enough, the finances will take care of themselves. If you currently have debt, it will somehow resolve itself in the future." Our response: This, too, is a logical response to what has occurred in the past few years. People tend to feel that their investments and even their future are controlled by powerful forces beyond them.
The article ends by concluding that if a person wants to be a millionaire it is "within your power." But the individual will have to "face the issues that are currently keeping you from creating that wealth before you will have a chance to call yourself one."
As regular viewers and feedbackers will surely have guessed by now, we have problems with this article that go beyond the above responses. We have hypothesized the system has been deliberately constructed to provide the promise of prosperity but not, necessarily, the reality. The following, then, is a summary of facts and informed speculation …
The emergence of central banking and the graduated income tax has made it difficult for many to save enough for old age. When one adds up the real inflation rate plus the entire gamut of taxes that local, state and federal agencies demand, the result may be upwards of 50 percent of one's real income.
But this isn't the only problem. The gyrations of the value of financial markets are often so extreme that they are frightening to many. Given what people have seen of the markets in the past two years, it's easy to understand why someone would be reluctant to keep his or her life savings in various touted investment vehicles, certainly in the larger stock market.
Of course, these days, no investment option is especially palatable (with the exception, perhaps, of precious metals). With interest rates held artificially, low, less volatile investments pay next-to-nothing. But the bigger issue is whether the system itself is viable and how it has been constructed.
We've argued in these pages that starting after the American Civil War, a system of "investing" was constructed that was aimed at parting people from their savings and in a sense making them dependent on government for their old age. This system was refined considerably in 20th century.
The advent around the world of high-tax, high-price inflation environments thanks to central banking and the graduated income tax virtually forced people into the stock market. At the same time precious metals markets were manipulated to keep the price of gold and silver down. Finally, as a finishing touch, a fiat money, dollar-reserve system was foisted on the world. It was backed my American military might, which made its imposition irresistible.
An entire resource base of media touts and professional advisors gradually emerged in the 20th century. Computer technology only added to the frenzy. But behind it all was an immensely wealthy Anglosphere power elite that was organizing and reorganizing the financial system to best suit its purposes.
The Anglosphere elites tend to bank in Switzerland; for the most part they do so secretly. Switzerland and its private banking services are part of this larger system. One could even suggest that Switzerland would not exist without the breathtaking flows of elite money – trillions we would estimate over time, much of it invested in gold bullion.
These elites own the spectrum of the investment supply chain. They control the financial markets through the business cycle (artificially created by central banking) and they control the world's industrial base, including farming and transportation. They are involved in the entire spectrum of business growth.
The effort is increasingly meticulous and begins with the selection of certain individuals at a very early age who are groomed through elite schools that then funnel them into elite colleges. These individuals are further channeled into elite scholarship programs such as Rhodes, or Fabian facilities such as the London School for Economics.
It is no coincidence that some of the world's largest companies have been formed by youngsters attending institutions such as Harvard and Oxford. Mysteriously, funding is available to them immediately and market acceptance is enhanced by a variety of advertising and public relation methodologies. At this point in time – unlike in past epochs – one could speculate that no company grows to a size of any significance without the imprimatur of the Anglosphere elite and the subsequent or initial involvement of Intel agencies.
The life cycle of these companies is rigorously cultivated. The elites have an enormous stake in them from the beginning. They are nourished throughout a given business cycle while the larger hysteria builds and listings occur at the big exchanges at the top of market. Investors think they are "getting in at the bottom" when they are actually only facilitating an elite cash out.
The cycle is repeated over and over again through decades. It eventually comes to represent a form of taxation. Most people buy at the top and sell at the bottom. It does not seem to us that it is entirely an individual's fault if he or she has difficulty making ends meet in the modern era. The system is not conducive to winning.
The economic crisis that started in 2008 has not subsided in our view. The dollar reserve system essentially ended and nothing has yet been put in its place. This may be by design as the elites have signaled clearly their intention to move toward global governance and a global economy including a one-world currency. To do this, they will need to inflict upon the Western world especially a maximum amount of chaos. (Out of chaos, order.)
The Western economic system – one deliberately created by the powers that be after World War II – is in a kind of free fall. Within this context, the idea that people's problems mostly stem from the way they "treat money in their personal life" is questionable indeed.
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