FINANCIAL ADVICE

1971: Our money stopped being money and became a currency when it ceased being backed up by gold. This is the year that "Saving money" became obselete and bad advice.

1973: The first oil shock was felt. It was a political problem. However, today the current oil shock is an actual supply and demand problem that will affect all of us.

1974: ERISA, Employee Retirement Income Security Act was passed. ERISA eventually led to what we know as 401(k) plans. The 401(k) plan was originally an arcane subparagraph in the U.S. tax code originally created only for high income CEOs and Executives looking for a way to shelter few more dollars. The problem is that the 401(k) is a saving plan and not a retirement plan.

1989: The Berlin wall came down and the world wide web went up

1996: The Telecom Reform Act was passed. The act allowed the world to be connected via Fiber Optic Cable, facilitating globalization.

2001: China was admitted into the world trade organization(WTO). Today, American and many western nations such as the G-8 nations have become consumers rather than producers.

2004: During the Kerry-Bush debates, there was talk about outsourcing of American jobs. There was little said about the outsourcing of American debt into the hands of foreigners and the amount of foreign capital that keeps the U.S. afloat.

In 2004, 44% of American treasury debt was owned by foreigners. The U.S. has the highest standard of living in the world.

This programme is not about changing the world is about changing you so that you do not become a victim of a changing world

It was recently annouced that Bill Gates and Warren Buffet have joined forces to solve some of the world's most pressing problems.

Money cannot solve poverty.

Problems we face as a nation and as a world, such as terrorism, the national debt and healthcare.

In the 1930s, the German government had printed so much money that the money lost its value.

Hyperinflation devalues money.

History is repeating itself; only this time the problem is bigger