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Prior to 1974, employers rewarded workers for years of loyalty and hard work with a guaranteed retirement income. They didn’t have to save for retirement. After 1974, workers had to move a portion of their income into managed accounts stuffed with stocks, bonds, and mutual funds, hoping that the market would grow steadily for many years. Because people were not financially intelligent and didn’t understand the financial markets, a whole new industry was created, financial planning. One reason why those in the middle class are getting poorer is because they’re playing by the old rules of money. They’ve been taught to go to school, get a good job, and save for retirement in a well-diversified portfolio of stocks, bonds, and mutual funds. Meanwhile, the rich play by the new rules of money and get rich off those stuck trying to play the retirement game in the old system. it’s pointless to fight the system because the banks and the ultra-rich are in control and know how to manipulate the sy...

We live in an age of unprecedented openness. As stated earlier, technology has made information and communication free or almost free. There is more opportunity than ever before…yet that opportunity is largely theoretical. Between 1997 and 2001 the gap was as follows: 1. The top 1% earned 24% of earnings growth. 2. The top 10% earned 49% of earnings growth. 3. The bottom 50% earned 13% of growth. Until 2008 none of this seemed to matter. The wonderful inventions, such as iphones, ipods, Twitter, Google, and Facebook kept us entertained like kids at Disneyland. At the same time, the expanding bubble of debt created a surreal environment of monetary nirvana. As this financial crisis lingers on, the gap between the new plutocracy and the new Dumpies is becoming a pressing political issue. During the 1960s, the hippies dropped acid and dropped out. Today, as Dumpies, the largest demographic group (a.k.a. baby boomers, approximately 75 million strong…of whi...

The first decade of the 21st century is over. Many people find themselves off to a bad start. The new century began with the Y2K scare -- the threat of computers shutting down around the world. Then 9/11 came, followed by two long and expensive wars. The Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression. The result is a lingering financial crisis that has expanded the gap between the haves and have-nots. Many Dumpies became Dumpies simply because, like dinosaurs, they failed to notice the weather changing. They simply followed in their parents’ footsteps, faithfully believing that all they had to do was go to school, get a job, buy a house, save money, retire on a company pension, collect Social Security, and live happily ever after at the country club. The formula worked for their parents -- the WWII generation – so why shouldn’t it work for t...

The goal of the game is simple: world domination . It’s a game without mercy and requires high intelligence and much planning. It’s not a game for suckers. Over last decade, Wall Street has been playing their own version of the game RISK—and though the stakes are higher, the strategies are the same. The source of all this risk? Trading. Those who invest for their retirement in the stock market and financial vehicles made by Wall Street firms are betting on the market rising in value. They are investing for capital gains instead of cash flow. The problem is that the true money is made in trading—in the sell, not the hold. In fact, traders need the middle class to invest for the long term so that they can cash in on their financial ignorance through trades—often highly complex trades that take advantage of market swings and that require a high financial intelligence. All the major Wall Street financial firms understand that the real money is made in short-term trading, not in long-term i...