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jeffrey reeves: Question re FDIC... - 11/25/09 11:06 AM
Dave Semple asked about FDIC insurance for the money in the "banks" suggested by the EUREKONOMICS' Money for Life Model for creating wealth and managing personal finances, which recommends that each American should act as his/her own banker.  (Some advisors refer to these as "family banks," "infinite banks," or "personal banks."  The use of the term "banks," "banking," and "being your own banker" is analogous to how one creates wealth and manages personal finances rather than a direct reference to commercial or chartered banks.)
The answer is...
You can use any savings product - or you can also use your mattress - as your "bank."  … (2 comments)

jeffrey reeves: Gold Ain't Money Either... - 05/07/08 02:37 PM
May 7th, 2008
"Snap out of it!" Moonstruck, 1987
You can't go shopping at WalMart and pay with gold. Gas stations don't accept Kugerands. The gold coins minted by the US governmnent are for investors - not for circulation.
Wake up America!
You can't buy wealth. If you buy gold in any form the person who sells it to you gets paid in cash not in gold - and it's your cash. So does the stock broker, the real estate sales rep, the financial advisor or planner, the annuity sales rep and anyone else that sells investments of any kind. They work to sell … (0 comments)

 
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Jeffrey Reeves

Denver, CO

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EUREKONOMICS[tm]

Address: 1270 Jasmine Street, Denver, CO, 80220

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