Turmoil in Banking System

So what can the average American do to regain control of their financial life amidst all of this turmoil in banking system?

This is the question being asked in every household today. It's being asked in the White House, in your house, and in my house. What can we do to regain control?

Is printing more money the real answer? What impact will that have on our children and grandchildren for generations to come?

During ex-President George W. Bush's exit from office, the cry was "No more of the same! We need a change." That change is as much needed right now as a glass of water to parched lips in the desert.

Since the other ex-President - Ronald Reagan (God rest his soul) - untied the knot between real money and paper money, the US financial institution continues to be infected by what seems (to me) like a virus.

Are there any real answers to bring about real changes?
The answers may be found in the banking system - those who handle our hard earned money: They are the ones with the answers. But based upon what we see and know of the current banking system, it is somewhat dubious if their answers will honestly benefit the consumer at large.

It is my understanding that bankers continue to lend money on paper - upwards to 12 times that of physically ownership - and then they're repaid with the equivalent of blood, sweat, and tears, hard earned money; plus interest: The more urgent the need for the money, the higher the interest rate will be.

Property and Casualty insurance companies - another set of folks (rogues) with answers - continue to raise premiums, even though the automobile accident was not your fault.
In the mix is also the life insurance companies - with complicated acturial studies - who know that the majority of policyholders will outlive their term life policies. When a policyholder in good standing dies with adequate coverage, the family may not suffer financially. But to the holding company, the payout is a mere drop in the bucket.

What is sometimes hidden from the buyer, is the fact that a good portion of the monthly premiums goes in commissions to agents and managers. These guys induce the thought that half-million dollars in face value is more like what a family needs today; even though the premiums might bring hardship on the policyholders.

The trick is, they present a mental image of a hearse transporting a loved-one to the cemetary, and a grief-stricken family left wondering how they are going to pay the exhorbitant burial fees, as against a smaller monthly amount ahead of time.

In today's world, even though the internet is highly effective in soliciting all types of business including insurance, there is hardly a need for door-to-door salesmen especially in big cities. Yet, largely speaking, insurance premiums have not reflected a savings to me as a consumer.

Lastly, (in most cases) even though cremation is cheaper than putting a body into the ground, by-and-large some consumers have been brain-washed into preference of 'dust-to-dust' instead of 'ashes to ashes'.

Don't get me wrong. I love this country - the United States of America - The Good Old US of A. It has been my country for the past 30 years. We all know that Americans once enjoyed a freedom that was not wholy experienced in any other country. But times have changed; and are continually changing. So we must change with the times: Not just the politicians, but consumers as well.

To carry-on with 'more of the same' just printing money without funds to back it, is a sure-fire way of raising the temperature 10 times hotter than it presently is.
Going back to the question at the begining of this blog : "What can the average American do to regain control of their financial life amidst all of this turmoil?"

The definite answer might be found in the investment of a personal Wealth Building Education. I agree education is not cheap; but in the long run, the residual effects will far out-weigh the initial cost. http://www.allanrussell.com/