The Wisdom of the FoundersBlog added by Jeffrey Reeves on July 14, 2010
Jeffrey Reeves MA

Jeffrey Reeves

Denver, CO

Joined: March 24, 2010

My Company

EUREKONOMICS[tm]

 

Friday, 05 March 2010 20:18

The financial principles that have made America the envy of the world are clear and simple.

  • In the Declaration of Independence:

    • "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certainunalienable Rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, Governments are instituted among Men deriving their just powers from the consent of the governed."

  • In the Constitution"

    • "We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America."

Liberty and the blessings of liberty are both the cause and the effect of America's financial success.  Liberty derives from the ability of individual Americans to engage in "the pursuit of happiness" and is sustained by their success in doing so.

The ability to succeed in this elemental pursuit that is the foundation of America's success and the success of its citizens is being challenged today by the failure of financial Behemoths, the incursion of the Dolts in DC into every aspect of the economy and many aspects of our individual lives.  Behold the headlines from this week alone:

Obama opens health care summit

President Barack Obama today opened a health summit aimed at pushing through his stalled health care overhaul, saying reform is critical to boosting the struggling U.S. economy and emphasizing coop...

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Home prices fall unexpectedly

Home prices dipped unexpectedly in December, but the annual rate of decline slowed, according to Standard & Poor's/Case-Shiller indexes. The S&P composite index of home prices in 20 metr...

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Number of 2010 bank failures climbs to 20

The Federal Deposit Insurance Corp. (FDIC) shut down four banks late last week, bringing the number of U.S. bank failures for the year to 20. The FDIC took over La Jolla Bank, FSB, in La...

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Foreclosed, delinquent mortgages reach record high

The proportion of U.S. mortgages in foreclosure or at least one payment past due reached a record high during the fourth quarter, according to industry data provided by the Mortgage Bankers Associa...

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Fed raises discount rate to 0.75 percent

The Federal Reserve said it will raise the interest rate it charges banks for emergency loans in order to improve financial market conditions. The rate will be increased from 0.50 percen...

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EUREKONOMICSTM lets you create wealth and manage personal finances regardless of bubbles bursting, markets crashing, Behemoths bumbling, or the Dolts in DC deceiving.  EUREKONOMICSTM embraces the founding principles and molds them into a model for creating wealth and managing personal finances that every American can easily follow without sacrificing lifestyle or falling prey to the failed financial model that has brought America to the brink of bankruptcy.

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