Americans Abandoning Banking System

Performance Reports
So how are your investments going? Check out our 2012 performance here:  July | August

Prism Virtual CD*
Follow along as we do our best to generate precisely 1% a year with our software, and not a nickel more. You’ll need to multiply the current monthly return x 12 to get the annual return, currently running darn close to 1.0%. (* Not issued by a bank, not a real CD, not FDIC insured, not connected with any government, offered for comparative and entertainment purposes only).

The Prism Daily: Tue, Sep18, 2012
Americans dropping out of the banking system? This can’t make the government too happy. The government would be happiest if Americans used electronic means of payment for 100% of all transactions, from car dealerships to gumball machines. That way the IRS could simply calculate everyone’s ‘fair share’ and send them a bill. “Dear Taxpayer, Don’t bother filing a 1040. Here’s what you owe.”

With increasing numbers of Americans dropping out of the banking system, you can bet dollars to donuts that many of these folks are dropping ‘under the radar’ too as they take their money ‘off the table’. Expect the so-called ‘underground economy’ (where consenting adults agree on fair prices absent regulation) to continue to balloon from here. From the Washington Post we read:

More Americans Opting Out Of Banking System
“In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances… 28.3 percent, either had one or no bank account… a quarter of households have used at least one type of alternative financial service, such as a tax refund anticipation loan or money order… Some households, 7.5 percent, said they simply did not trust or feel comfortable dealing with banks… A growing number of consumers without bank accounts are turning to prepaid cards, with nearly 18 percent of households, up from 12 percent in 2009, reporting the use of such products.”

At this rate, combined with the increasing demise of the dollar, we’ll all soon be exchanging bottle caps in payment. Or maybe bottles of Tide laundry detergent?

We would suggest, Dear Reader, that you get your dollars growing while you can. There is no way we can think of to get our automated wealth augmentation software to trade laundry detergent, not without blowing some serious bubbles. And we wouldn’t want to give Mr. Bernanke the competition.

For more information on Prism Solutions’ fine wealth augmentation services, request your FREE, no-obligation consultation today. Prism stands ready to help you achieve your wealth development goals and answer your toughest questions.

And May All Your Investments Be Profitable…

David Taylor and Gordon Philips, Directors
Prism Solutions, LLC

‘Better Investing Through Science’

The Prism Daily
Your ‘One-A-Day’ financial news-tritional supplement, including trace elements of economic analysis that every healthy investor needs. Addresses a wide variety of monetary afflictions, from vacillation to impecunity. Specially formulated to go down easy! WARNING: Side effects may include elevated cognition and bouts of epiphany. If symptoms persist, unplug cable TV.

Your Prism Solution
Let us help you grow a modest portion of your investable net worth at rates of return with the potential to DOUBLE your money every 18-24 months and generate a sustainable retirement , not to mention getting you far ahead of the coming Big Inflation at the same time. You can get started with just a $2,500 minimum account and your first billing period is FREE. Click here for details.

Access Our Archives
– Read past issues of the Prism Letter here
– Read past issues of the Prism Daily at our blog

Join Our Mailing List
Did a friend forward you this issue? Click here to subscribe to our mailing list and receive all of our timely and informative communications, FREE in your inbox.

The latest economic news and updates, 140 characters at a time. Follow us here.

24/7 Telephone Hotline
In a hurry? Quick…. dial +1-641-715-3900. Enter extension 985062 and press # for a quick overview of our wealth generation services.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s