As a Cancer Survivor and U.S. Marine, I Once Looked Up to Him
By: Jay Platt

What is a hero? Webster's dictionary defines a hero as someone who's admired for his achievements and noble qualities, and one who shows great courage. Fortunately, today we have many examples of  real heroes. Look no further than the U.S. military, police and firefighters -- men and women who put their lives at risk for others.

A real hero also is the person who is fighting cancer or some other chronic illness, and does so with great dignity and grace. Though they may be in pain or discomfort, they somehow make those around them feel better, do better, and be better.

Which brings me to Lance Armstrong.

I was a supporter of his since his first Tour de France win. Coming back from cancer the way he did, and racing the way he did drug-free (supposedly), inspired me to no end. When others questioned how he was able to do the things he did without any help from performance-enhancing drugs, I defended him as if he were a personal friend.

As a cancer survivor myself, and someone who continues to battle the disease daily, he inspired me. He gave me strength when I felt like I had none. He even motivated me to challenge myself by attempting demanding physical feats, like hiking the 2,100-mile Appalachian Trail beginning to end. When I got tired and wanted to quit, I'd think to myself, "If Lance can do the things he does, I can do this, too."

So, his recent revelations to Oprah Winfrey hit me like a 50-pound sledgehammer to the chest. When he admitted to lying about taking performance enhancing drugs, I felt like he had personally lied to me. And that's when I knew that he is nothing more than a fake hero.

Fake heroes have none of the qualities of a real hero. Rather, they lie, cheat, steal, and do whatever it takes to make themselves look good and heroic. Winning, to them, is the most important thing, and who they hurt in the process really doesn't matter. All of which, sadly, describes Lance Armstrong.

I know he still will have his defenders. I've already heard from people who have basically said, "Well, what about all the good he's done for cancer research?" While that is true, and I certainly hope that Livestrong is not negatively affected by Armstrong's admission, the fact is that the whole organization was started based on a lie.

He never would have had the millions of dollars, the fame, and the incredible story if it had not been for the lie that he told for so long. And, although it is uncomfortable to say so, how do we know that he did not get cancer because of his taking performance enhancing drugs? Would that have changed his story? I'm sure, for many, it would have.

And what of his admission now? Surely, that took courage? It was heroic, right? Hardly! First of all, look at to whom he chose to tell all of the details. Oprah Winfrey. I have no doubt that was a well-thought-out strategy on his part. He, undoubtedly, was advised to go where he would most likely garner sympathy and do it before an audience that probably knows little about cycling, and that is most likely to give him a pass on his transgressions.

Even with all that though, he still could have done the heroic thing. But he did not. He could have looked into the camera and said in the sincerest way he could muster that steroids are not the way. That he, in all likelihood, gave himself cancer in his quest for fame. Think of the kids who could have benefited from hearing such a thing. Instead, however, he defiantly said that since everyone else was supposedly doing it, he felt justified in doing it, too. Very hero like, huh?

About Jay Platt: Jay Platt was medically retired from the Marine Corps in 1998 after suffering complications from the cancer von Hippel Lindau (VHL), a genetic disease that resulted in brain and spinal tumors, kidney cancer, and the loss of his left eye. Told his future would be considerably dimmer than his past, Platt set out to rebuild himself physically, mentally and spiritually, and to challenge himself by setting demanding physical goals. He is one of fewer than 300 people to have hiked the 2,100-mile southbound Appalachian Trail; one of three to swim from Alcatraz Island to San Francisco with hands and feet tied; and the only person to swim across the Mississippi while blindfolded, handcuffed and shackled. Proceeds from his adventures and sales of his documentary benefit non-profits, including the VHL Family Alliance. For more information, visit: www.livingunstoppable.com.

WEST DES MOINES, IOWA - January 21, 2013 -Iowa Farm Bureau Federation (IFBF) is pleased to welcome Andrew Wheeler as their new Public Relations Coordinator.   The Pleasant Hill native begins his new role January 29.

As Public Relations Coordinator, Wheeler will work through media, social media and public event channels to connect farmers with a growing Iowa and national audience.

Wheeler earned his undergraduate degree from Drake University and a Master of Arts in Communications degree from Drury University in Springfield, Missouri.  Wheeler has more than a decade of public relations, writing and media engagement experience, both while serving in the Drury University Athletics communications department and as regional field director for the 2008 Mitt Romney Presidential campaign.  Wheeler currently serves as Assistant Director for Kids Haven, a federally-funded academic mentoring program for Des Moines middle school students.

"I've long respected Iowa Farm Bureau for the many ways they connect today's farmers to consumers. I've always had a passion for Iowans and the strong character and values of its leaders.  I'm looking forward to sharing the stories of Iowa farmers and the diversity and values they represent," said Wheeler.

Wheeler and his wife live in Clive.

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When: Saturday, January 26, 2013 2:30 PM until 7:00 PM

Where: The New Fair Center at the Mississippi Valley Fairgrounds (on the west side of the fairgrounds) in Davenport, IA (map)

Tickets: $8 per person at the door. Booths will be providing free chili samples to the attending public.

Raffle Prizes: $5 tickets and $20 tickets prizes inlcude: iPhone, iPod, $250 Cash, 42" Flat Screen TV, Pandora Bracelet, Dell Laptop, Blu-ray Player, X-box Kinect, DeWalt Power Tools, Kindle Fire, Weber Genesis Grill, Case of Bison Burgers, $500 Best Buy Gift Card.

2:30 PM: Event begins. People's Choice tasting and voting begins.
5:30 PM: Judges award / voting concludes
6:00 PM: Peoples choice awards ... Best Chili in the Quad Cities!
6:15 PM: General silent auction concludes
6:30 PM: Raffle Drawings
7:00 PM: Cook-off concludes...Thanks for supporting Hand-in-Hand's children with disabilites

There will be a People's Choice ballot box for the general public to vote on best chili and best booth. Ballot cards will be distributed upon entry and will be tallied throughout the event. At the end of the evening, the peoples choice awards will be announced and presented.

Join us for chili tasting, cash bar, silent and live auctions. Help celebrate Hand-in-Hand's very special children.

If you can't attend our Chili Cook-off but would still like to support our programs for children with special needs, please consider sending a tax deductible donation. Visit our donate page or our sponsorship or silent auction donation letter for more information.

For more information, please visit the webpage:  http://www.handinhandqc.org/chilicookoff.php

BETTENDORF, Iowa - Supporters of fifteen nonprofit organizations contributed over $1 million to help those nonprofits succeed in the 2012 Endowment Challenge issued by the Community Foundation of the Great River Bend (CFGRB). The endowments funded by these donations and $75,000 in matching grants from the CFGRB will create a permanent, consistent source of income, allowing organizations to fulfill their missions for years to come.

Nonprofits that raised $15,000 in new gifts for their endowment at CFGRB received a $5,000 matching grant for their endowment. Alternatively, nonprofits that raised $30,000 in new gifts had the option to add the $5,000 matching grant to their endowment or use it for current operations. Every year, 4.5% of endowment assets held at the CFGRB are distributed back out to the community to support the work of nonprofit organizations, while the principal remains intact as a permanent resource.

Because gifts had to come from at least ten people, organizations had to spread the message of the importance of endowment. Jay Morrow, Superintendent of United Township, had conversations with alumni about how they could support the United Education Foundation, which provides scholarships to students and mini-grants to teachers. "We let them know that they could be significant in the future of our foundation, giving tomorrow's students the same opportunities that they had."

CFGRB Vice President of Programs Matt Mendenhall agrees. "While the $5,000 award is certainly helpful to these organizations, increased stakeholder awareness of endowment as permanent support for a mission they care about will have much greater value over the long run." In total, 397 donors contributed to the 2012 Endowment Challenge.

For all but one organization, the 2012 Endowment Challenge was their first time raising funds specifically for endowment. Children's Therapy Center of the Quad Cities, already an Endowment Partner, took the opportunity to grow their endowment. "In today's economy, a lot of organizational energy is focused on the 'now' - making sure we can provide services today," says George McDoniel, Executive Director. "The Community Foundation through their challenge match encourages us to focus energy on securing our future with endowment."

Both Endowment Partners and CFGRB staff stressed the value of the partnerships they built through this process. Barb Melbourne, Vice President of Development at the CFGRB, says, "I am very proud of our partners who committed to building endowment for a sustainable future." Mark Drake, Executive Director of Youth Hope, says, "We are so excited about our new
endowment with the Community Foundation! We received a generous match, a new partnership, new income, and unlimited long term potential."

Each Endowment Partner who met the match will be featured on the CFGRB Facebook page as "Endowment Partner of the Week" beginning January 28th. To learn more about the impact of these organizations and how you can make a difference, Like our Facebook page.

2012 CFGRB Endowment Challenge

Bettendorf Community Schools Foundation
Catholic Diocese of Davenport
Children's Therapy Center of the Quad Cities
Eastern Iowa Community College District Foundation
Family Resources, Inc.
German-American Heritage Center
Habitat for Humanity
Handicapped Development Center
Midwest Writing Center
Oakdale Memorial Gardens
Saint Anthony's Catholic Church - Davenport
Scott County Family Y
United Education Foundation
Women's Choice Center
Youth Hope

CFGRB 2012 Endowment Challenge - By the numbers:

Successful Endowment Partners: 15
Total gifts: $956,680.31
Total donors: 397
Total match: $75,000

If you have questions, please contact the Community Foundation at 563-326-2840, or info@cfgrb.org.

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The Quad City International Association of Administrative Professionals (IAAP) will hold a FREE
Seminar on Monday, February 11, 2013 at MRA, 3800 Avenue of the Cities, Suite 100 in Moline, IL.
The speaker will be Monica Poe, MVA, GVA, Founder and Owner of MoPoe & Associates. Monica
will be presenting "Virtual Meetings, Virtual Teams: How the Move to Virtual Is Affecting Admins".

Following the presentation, a Chapter meeting will be held.

Networking/Gathering begins at 5:30 PM, Dinner at 6:00 PM (reservation is required - meal cost is $8.00) and the speaker will begin at 6:30 PM.

To register, please contact Stephanie Noyd by 11:00 AM on Friday, February 8, 2013 at (309) 764-8354 or email her at Stephanie.Noyd@mranet.org.

For More Information, go to our website at http://www.iaap-quadcity.org.

IAAP is the world's largest international association of administrative professionals. IAAP offers professional development, leadership training and networking opportunities for administrative professionals. IAAP is a non-profit, volunteer association.

Joining a professional organization demonstrates your commitment to your career. Work is most rewarding when we do it with enthusiasm and give it our best. Through IAAP you will gain knowledge, confidence and contacts that will help you advance professionally. IAAP works to build a professional image of administrative professionals in the workplace.

IAAP membership is open to all persons working in the administrative field, along with business educators, students, firms and educational institutions. There is no test of sponsorship required. Through IAAP qualified professionals can test for the certification rating, the benchmark of excellence in the administrative profession.

For more information please contact Kathy Riley at (309) 786-2705

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Although the World's Toughest Rodeo is known as one of the nations' most exciting professional rodeo live events, it is also respected for another special attribute; each show opens with God and Old Glory. 2013 brings a tribute to our heroes, including local firemen, policemen, and EMTs, as well as the military, both veterans and active duty soldiers. But through a unique Facebook promotion, fans of World's Toughest Rodeo were able to nominate a Hometown Hero and a unique individual was selected that is a hero in many hometowns across the nation.

 

Larry Eckhardt from the Quad Cities area, known as "The Flagman," has taken it upon himself to honor soldiers that have paid the
ultimate sacrifice in a very heartwarming fashion. Though Eckhardt never served in the military, he assumed his patriotic duty after attending a funeral six years ago in Galesburg, IL. "We had a local soldier go down and the citizen turnout was great, but I didn't think there were near enough flags," the former International Harvester employee says. Eckhardt purchased 150 flags and began hauling them in the back of his pickup truck to military funerals across Illinois, soliciting help from American Legion and
Veterans of Foreign Wars (VFW) posts to stake the Stars and Stripes. He now has over 2500 flags and awaits the call and travels to the hometown of soldiers all across the nation.

He arrives the night before and solicits local volunteers to line the funeral route with the flags he has purchased through donations as well as personal investment. provided these communities the ability to support the families in a very meaningful way
and this outpouring of group support helps the families begin to heal. Taking little credit for this, Larry is a true hero in every sense of the word. World's Toughest Rodeo will provide the first 1,500 fans each night with a flag as we raise them in praise of a man that has raised the spirits of so many through his personal initiative.

The 2013 edition of the World's Toughest Rodeo will feature top professional rodeo competitors in Bareback Riding, Saddle Bronc Riding, Bull Riding and Women's Barrel Racing, comedy of John Harrison, Professional Rodeo's 2012 Comedy Act of the year,
award winning bucking horses and bulls of Three Hills Rodeo as well as the greatest show on dirt...But the finale event is BACKWARDS Bull Riding, as Brandon Lindsey, World's Toughest Rodeo Bull Fighter attempts to wrap his legs around the bull, Crazy Train's horns, lay face down and ride for 8 seconds. You won't see it anywhere else.

It's an action packed, star studded show.  Tickets start at just $18 and kids tickets half price every day at www.ticketmaster.com or iWireless Box Office.

For more ticket information: www.iwirelesscenter.com. For event and entertainer information : www.wtrodeo.com. For more information about Larry "The Flagman www.youtube.com/watch?v=TNJ9umv10EM

January 21, 2013
By John W. Whitehead

"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy."?  Martin Luther King Jr.

~

As one who came of age during the civil rights era, I was profoundly impacted by the life and teachings of Martin Luther King Jr. He taught me so much more than just what it means to look beyond the color of a person's skin?he taught me that life means nothing if you don't stand up for the things that truly matter. And what are the things that matter? King spoke of them incessantly, in every sermon he preached, every speech he delivered and every article he wrote. Freedom, human dignity, brotherhood, spirituality, peace, justice, equality, putting an end to war and poverty?these are just a few of the big themes that shaped King's life and, in turn, impacted so many impressionable young people like myself.

Fast forward 40 years, and we find ourselves living through historic times, with the nation's first black president embarking on his second term in office. The comparisons between President Obama and King have been inevitable and largely favorable, helped along by Obama, who spoke at King's Ebenezer Baptist Church in 2008, a year before taking office?accepted the Democratic nomination on the anniversary of King's "I Have a Dream" speech?presided over the installation and dedication of a national monument to King in Washington, DC?and took his oath of office using one of King's Bibles on the national holiday dedicated to King.

Clearly, there are similarities between the two men. As a McClatchey news article noted: "Both battled enormous odds to build historic multi-ethnic, multi-racial coalitions?one to advance the cause of civil rights only to be assassinated in 1968, the other to win the nation's highest office. Both won the Nobel Peace Prize. Both could use soaring rhetoric to inspire millions. Both also had to overcome critics who accused them of socialist or communist sympathies, as well as black activists who maintained that they weren't strong advocates for African-Americans."

Yet as Fredrick Harris, the director of the Institute for Research in African-American Studies at Columbia University, reminds us, "it is easy to assume that the president is an extension of King's legacy and the civil rights movement. For black America, in particular, Obama has already joined the pantheon of great African American leaders, alongside Harriet Tubman, Frederick Douglass, Ida B. Wells, Malcolm X and, of course, King. He has joined their ranks not for his activism or his efforts to break down racial inequality, but for the symbolic weight of being the nation's first black president."

We'd be doing King and his legacy a profound disservice, however, if we do not insist that Obama do more than pay lip service to the man he credits, alongside Abraham Lincoln, as being one of his two heroes. Indeed, Obama spent much of the last four years campaigning for re-election and will likely spend the next four attempting to establish a lasting legacy for his presidency.

If Obama wants to be remembered for anything more than the color of his skin, he would do well to brush up on King's teachings, which were far more radical than the watered-down pap about him being taught today. The following key principles, largely absent from Obama's first term in office, formed the backbone of Rev. King's life and work.

Practice non-violence, resist militarism and put an end to war.

"I could never again raise my voice against the violence of the oppressed in the ghettos without having first spoken clearly to the greatest purveyor of violence in the world today?my own government."?Martin Luther King Jr., Sermon at New York's Riverside Church (April 4, 1967)

On April 4, 1967, exactly one year before his murder, King used the power of his pulpit to condemn the U.S. for "using massive doses of violence to solve its problems, to bring about the changes it wanted." Insisting that no one who has any concern for the integrity and life of America can ignore its part in the Vietnam War, King called on the U.S. to end all bombing in Vietnam, declare a unilateral cease-fire, curtail its military buildup, and set a date for troop withdrawals. In that same sermon, King warned that "a nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death."

Contrast this with Obama's use of the power of his office to expand America's military empire at great cost to the nation, authorize drone strikes which have wreaked havoc on innocent civilians, and defend indefensible police tactics used in SWAT team raids and roadside stops. Obama's national security budget for 2013, which allots a whopping $851 billion to be spent on wars abroad, weapons and military personnel, significantly outspends the money being spent on education, poverty and disease.

Stand against injustice.

"Injustice anywhere is a threat to justice everywhere... there are two types of laws: just and unjust. I would be the first to advocate obeying just laws. One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws."? Martin Luther King Jr., "Letter from a Birmingham Jail" (April 16, 1963)

Arrested and jailed for taking part in a nonviolent protest against racial segregation in Birmingham, Ala., King used his time behind bars to respond to Alabama clergymen who criticized King's methods of civil disobedience and suggested that the courts were the only legitimate means for enacting change. His "Letter from a Birmingham Jail," which makes the case for disobeying unjust laws, points out that "a just law is a man made code that squares with the moral law or the law of God. An unjust law is a code that is out of harmony with the moral law. To put it in the terms of St. Thomas Aquinas: An unjust law is a human law that is not rooted in eternal law and natural law. Any law that uplifts human personality is just. Any law that degrades human personality is unjust."

Contrast this with Obama's ongoing endorsement of clearly unjust laws and government practices, some of which he has publicly acknowledged to be problematic or altogether wrong. For example, Obama signed into law the National Defense Authorization Act of 2013 and the Foreign Intelligence Surveillance Act Amendments Act, which respectively authorize the military to indefinitely detain American citizens, as well as spy on Americans who communicate with people overseas, whether they are journalists, family members, or business associates. Obama's Justice Dept. has also urged the U.S. Supreme Court to grant police more leeway to strip search Americans and raid homes without a warrant. As King warned, "Never forget that everything Hitler did in Germany was legal."

Work to end poverty.

"True compassion is more than flinging a coin to a beggar; it is not haphazard and superficial. It comes to see that an edifice which produces beggars needs restructuring."?Martin Luther King Jr., Sermon at New York's Riverside Church (April 4, 1967)

Especially in the latter part of his life, King was unflinching in his determination to hold Americans accountable to alleviating the suffering of the poor, going so far as to call for a march on Washington, DC, to pressure Congress to pass an Economic Bill of Rights. In recounting a parable about a man who went to hell because he didn't see the poor, King cautioned his congregants: "Dives didn't go to hell because he was rich... Dives went to hell because he was passed by Lazarus every day and he never really saw him. He went to hell because he allowed his brother to become invisible. Dives went to hell because he maximized the minimum and minimized the maximum. Indeed, Dives went to hell because he sought to be a conscientious objector in the war against poverty."

Prioritize people over corporations.

"When machines and computers, profit motives and property rights, are considered more important than people, the giant triplets of racism, extreme materialism, and militarism are incapable of being conquered." ?Martin Luther King Jr., Sermon at New York's Riverside Church (April 4, 1967)

With roughly 25 lobbyists per Congressman, corporate greed largely calls the shots in the nation's capital, enabling our elected representatives to grow richer and the people poorer. One can only imagine what King would have said about a nation whose political processes, everything from elections to legislation, are driven by war chests and corporate benefactors rather than the needs and desires of the citizenry.

Stand up for what is right, rather than what is politically expedient.

"On some positions, cowardice asks the question, is it expedient? And then expedience comes along and asks the question, is it politic? Vanity asks the question, is it popular? Conscience asks the question, is it right? There comes a time when one must take the position that is neither safe nor politic nor popular, but he must do it because conscience tells him it is right."?Martin Luther King Jr., Sermon at National Cathedral (March 31, 1968)

Five days before his murder, King delivered a sermon at National Cathedral in Washington, DC, in which he noted that "one of the great liabilities of life is that all too many people find themselves living amid a great period of social change, and yet they fail to develop the new attitudes, the new mental responses, that the new situation demands. They end up sleeping through a revolution."

As King recognized, there is much to be done if we are to make this world a better place, and we cannot afford to play politics when so much hangs in the balance. It's time, Mr. President, to wake up. To quote your hero: "[O]ur very survival depends on our ability to stay awake, to adjust to new ideas, to remain vigilant and to face the challenge of change. The large house in which we live demands that we transform this world-wide neighborhood into a world-wide brotherhood. Together we must learn to live as brothers or together we will be forced to perish as fools."

This commentary is also available at www.rutherford.org.

LIVE UNCOMMON presents $3,875 in fundraising proceeds to the Bates-Jensen Wound Reach Foundation today at noon Trinity Medical Center in Bettendorf, Iowa. Bates-Wound Reach Foundation is a beneficiary of the 2012 LIVE UNCOMMON Race Team, a result of being selected as LIVE UNCOMMON 2012 Race Series Event #6 - the OUCH! 5K / 9K / Half Marathon - held on the Trinity Medical Center campus in Bettendorf last August.

The 2012 LIVE UNCOMMON Race Team is comprised of individuals from Iowa and Illinois who ran in an raised awareness and funds for the seven charities behind the seven LU Race Series Events, and are represented at today's presentation by LIVE UNCOMMON Race Teammates: Phil Pancrazio of Silvis, Illinois and Anna Raya of Moline, Illinois. Also presenting are representatives from Pleasant Valley Girls Cross Country - senior Molly Morris and Coach Jane Wheeler, and from Bettendorf High School Girils Cross Country - senior Anna Peer and Coach Erin Flynn. Both PV Girls Cross Country and Bettendorf Girls Cross Country serve as LIVE UNCOMMON Charter Teams, and participated in the OUCH! event in August, raising awareness and funds for the Bates-Wound Reach Foundation. Molly Morris is a former patient of the Wound Care Center.  All proceeds from the OUCH! Race in August benefit the local Wound Care Center.

The check will be presented by LIVE UNCOMMON president and co-founder Michelle Russell to Dr. Greg Bohn, Trinity Surgical Partners Iowa and Vice President of the Bates-Jensen Wound Reach Foundation. Trinity Iowa Health System serves as LIVE UNCOMMON's Medical Crew.

By Jason Alderman

Ever wonder why Mom and Pop stores sell wildly unrelated products side by side, like umbrellas and sunglasses, or Halloween candy and screwdrivers? Customers probably would never buy these items on the same shopping trip, right?

That's exactly the point. By diversifying their product offerings, vendors reduce the risk of losing sales on any given day, since people don't usually buy umbrellas on sunny days or sunglasses when it rains.

The same diversification principle also applies in the investment world, where it's referred to as asset allocation. By spreading your assets across different investment classes (stock mutual funds, bonds, money market securities, real estate, cash, etc.), if one category tanks temporarily you may be at least partially protected by others.

You must weigh several factors when determining how best to allocate your assets:

Risk tolerance. This refers to your appetite for risking the loss of some or all of your original investment in exchange for greater potential rewards. Although higher-risk investments (like stocks) are potentially more profitable over the long haul, they're also at greater risk for short-term losses. Ask yourself, would you lose sleep investing in funds that might lose money or fluctuate wildly in value for several years; or will you comfortably risk temporary losses in exchange for potentially greater returns?

Time horizon. This is the expected length of time you'll be investing for a particular financial goal. If you are decades away from retirement, you may be comfortable with riskier, more volatile investments. But if your retirement looms, or you'll soon need to tap college savings, you might not want to risk sudden downturns that could gut your balance in the short term.

Diversification within risk categories is also important. From a diversification standpoint it's not prudent to invest in only a few stocks. That's why mutual funds are so popular: They pool money from many investors and buy a broad spectrum of securities. Thus, if one company in the fund does poorly, the overall impact on your account is lessened.

Many people don't have the expertise - or time - to build a diversified investment portfolio with the proper asset mix. That's why most 401(k) plans and brokerages offer portfolios with varying risk profiles, from extremely conservative (e.g., mostly treasury bills or money market funds) to very aggressive (stock in smaller businesses or in developing countries).

Typically, each portfolio is comprised of various investments that combined reach the appropriate risk level. For example, one moderately conservative portfolio offered by Schwab consists of 50 percent interest-bearing bond funds, 40 percent stocks and 10 percent cash equivalents. Usually, the more aggressive the portfolio, the higher percentage of stocks it contains (i.e., higher risk/higher reward).

Another possibility is the so-called "targeted maturity" or lifecycle funds offered by many 401(k) plans and brokerages. With these, you choose the fund closest to your planned retirement date and the fund manager picks an appropriate investment mixture. As retirement approaches the fund is continually "rebalanced" to become more conservative.

Although convenient, this one-size-fits-all approach may not suit your individual needs; for example, you may want to invest more - or less - aggressively, or may not like some of the funds included.

These may seem like complicated concepts, but the Security and Exchange Commission's publication, "Beginner's Guide to Asset Allocation, Diversification and Rebalancing," does a good job explaining them (www.sec.gov).

Far from being a gimmick, having the U.S. Treasury mint high-denomination coins is a solution that cuts to the root of America's financial problems. And Benjamin Franklin would have liked it, too. - Ellen Brown
On Friday, January 11, economist and New York Times columnist Paul Krugman urged the White House to mint a platinum coin worth $1 trillion, as a counter to what was then a threat to block federal spending that Congress had already approved. (Republicans made good on that threat yesterday, putting the United States in danger of default.)

The White House responded by saying the trillion dollar coin is off the table, because the Federal Reserve declared that it "wouldn't view the coin as viable."

Even Krugman called the coin idea "silly." He just thought it was less silly?and less dangerous?than playing with the debt ceiling.

But it is not silly. We have forgotten the role that money issued directly by the government has played in our history. The American colonists did not think it was silly when they escaped a grinding debt to British bankers and a chronically short money supply by printing their own paper scrip, an innovative solution that allowed the colonies to thrive.

Many people believe that the U.S. government creates its own money. This is not true. Today, the Federal Reserve creates trillions of dollars on its books and lends them at near-zero interest to private banks, which then lend them back to the government and the people at market rates. We have been brainwashed into thinking that it makes more sense to do this than for the government to simply create the money itself, debt- and interest-free.

In fact, the trillion dollar coin represents one of the most important principles of popular prosperity ever conceived: nations should be free to create their own money without incurring debt. Some of our greatest leaders, including Benjamin Franklin, Thomas Jefferson, and Abraham Lincoln, promoted this essential strategy. They realized that the freedom to print money offers a way to break the shackles of debt and free the nation to realize its full potential.

Money creation is an all-important power that has been fought over for centuries, in a largely secret battle between governments and private banks. For the last two and a half centuries, the banks have had the upper hand, making us forget that any other option exists. But we are learning the great secret of money: that how it gets created determines who has the power in society?we the people, or they the bankers.

It is no secret who has that power today. Witness the great bailout of 2008 that rewarded banks for making irresponsible and fraudulent gambles in the subprime mortgage scandal. None of the bankers responsible served time in jail. Then there was the robosigning scandal, in which banks skipped important steps in the process of foreclosing on the homes of ordinary Americans, and came away with a slap on the wrist. Now we are seeing the LIBOR scandal unfold, in which traders at the Swiss financial services company UBS were convicted of colluding with other banks to tweak interest rates for their own financial benefit. We can make an educated guess as to how this too will turn out for them (hint: well). While a commoner might get 10 to 20 years for robbing a bank, bank executives get huge bonuses for robbing us.

We may rail against the banks and demand change, but change will not come until we grasp the fundamental secrets that are the foundation of their power: those who create the nation's money control the nation, and nearly the entire money supply today is created by banks in concert with the Federal Reserve.

Remembering our roots

Everyone knows that Benjamin Franklin played an important role in the founding of the United States. Fewer know his views on the printing of money. "Experience, more prevalent than all the logic in the World," he wrote, "has fully convinced us all, that [paper money] has been, and is now of the greatest advantages to the country."

When the British forbade new issues of paper scrip by the colonial governments, Franklin went to London and argued that issuing their own money was responsible for the colonies' prosperity.

The response of the king, leaned on by the Bank of England, was to ban all issues of paper scrip. Without their paper money, the money supply collapsed, and the economy sank into a deep recession. The colonists then rebelled. They won the revolution, but the bankers retained the power to create money by setting up a banking system like that dominated by the Bank of England.

Fourscore and six years later, in 1862, President Abraham Lincoln boldly took back the power to create money during the Civil War. To avoid exorbitant interest rates of 24 to 36 percent, he decided to print money directly from the U.S. Treasury as U.S. Notes or "greenbacks." The issuance of $450 million in greenbacks was the key to funding not only the North's victory in the war but an array of pivotal infrastructure projects, including a transcontinental railway system.
After Lincoln was assassinated, however, the greenback program was quickly discontinued. Repeated popular attempts by farmers and laborers to revive it failed. They were opposed by a wave of banker activism to maintain the banks' control over the printing of money, which had been established by the National Bank Act of 1863.

In 1872, New York bankers sent a letter to every bank in the United States. The letter, as quoted by Lynn Wheeler in Triumphant Plutocracy: The Story of American Public Life from 1870 to 1920, read in part:

Dear Sir: It is advisable to do all in your power to sustain such prominent daily and weekly newspapers...as will oppose the issuing of greenback paper money, and that you also withhold patronage or favors from all applicants who are not willing to oppose the Government issue of money. Let the Government issue the coin and the banks issue the paper money of the country. [T]o restore to circulation the Government issue of money, will be to provide the people with money, and will therefore seriously affect your individual profit as bankers and lenders.

Bank-created money, including paper bills and now electronic money, could be rented to the people at a profit. The people's debt-free money was limited to coins, which today compose less than one ten-thousandth of M3, the broadest measure of the money supply.

Lincoln's assassination and the abandonment of debt-free greenbacks marked the exchange of physical slavery for what has been called "debt peonage" or "wage slavery." Today, as a result, the American government and American people are so heavily mired in debt that only a radical overhaul of the monetary system can free us.

Gimmick or game-changer?

This is the real context and backstory of the trillion dollar coin. The stakes are much higher than just fending off the debt ceiling. We the people need to take back the power to issue our own money, and we can't do it with nickels and dimes. We're going to need coins bearing some very large numbers.

The idea of minting large-denomination coins to solve economic problems seems to have first been suggested by a chairman of the Coinage Subcommittee of the U.S. House of Representatives in the early 1980s. He pointed out that the government could pay off its entire debt with some billion-dollar coins. The Constitution gives Congress the power to coin money and regulate its value, and sets no limit on the value of the coins it creates.

That may have been true then, but in legislation initiated in 1982, Congress chose instead to impose limits on the amounts and denominations of most coins. The one exception was the platinum coin, which a special provision allowed to be minted in any amount for commemorative purposes.

An attorney named Carlos Mucha, who at the time was blogging under the pseudonym " Beowulf ," proposed issuing a platinum trillion dollar coin to capitalize on this loophole, after he heard me mention the trillion dollar coin in a Thom Hartmann interview. At first, he said, it was just an amusing exercise. But with the endless gridlock in Congress over the debt ceiling, it got picked up by serious economists as a way to checkmate the deficit hawks.

Philip Diehl , former head of the U.S. Mint and co-author of the platinum coin law, confirmed that the coin would be legal tender:

In minting the $1 trillion platinum coin, the Treasury Secretary would be exercising authority which Congress has granted routinely for more than 220 years. The Secretary authority is derived from an Act of Congress (in fact, a GOP Congress) under power expressly granted to Congress in the Constitution (Article 1, Section 8).

Warren Mosler, one of the founders of Modern Monetary Theory (MMT), reviewed the idea of the trillion dollar coin and concluded it would work operationally. And Joe Firestone pointed out that the trillion dollar coin has far greater game-changing potential than mere political maneuvering. The coin could put within the government's grasp the power to solve its debt problems once and for all, replacing austerity with the abundance enjoyed by our forefathers.

The invariable objection to government-issued money is that it will lead to hyperinflation. The trillion dollar coin can evoke images of million-Deutschemark notes filling wheelbarrows. But as economist Michael Hudson points out:

Every hyperinflation in history has been caused by foreign debt service collapsing the exchange rate. The problem almost always has resulted from wartime foreign currency strains, not domestic spending.
And as professor Randall Wray observes, the coin would not circulate in the general economy. Instead, it would be deposited in the government's account and held at the Fed, so it could not inflate the circulating money supply.

As far as spending goes, the fact that the Treasury has money in its account doesn't mean Congress could or would go wild spending the funds. The budget would still need congressional approval. To keep a lid on spending, Congress would just need to abide by some basic rules of economics. It could spend on goods and services up to full productive capacity without creating price inflation (since supply and demand would rise together). After that, it would need to tax?not to fund the budget, but to shrink the circulating money supply and avoid driving up prices with excess demand.

Time to take back the money power

The current political stalemate cannot be solved with the thinking that created it. There is simply not enough money in the system to fund the services that Americans desperately need, create full employment, pay down the debt, and keep taxes affordable. The money supply has shrunk by $4 trillion since 2008, according to the Fed's own website.

The only real solution to the unemployment created by this shrinkage is to add more money to the economy, and that means that someone needs to create it. Either the Fed does this in the way that it is currently done, by adding the money nearly interest-free to the balance sheets of banks to be lent to the government and the people at interest; or the Treasury does it and adds the money to the government's account debt- and interest-free.

After a century of domination by the Federal Reserve, it is time we tried something new. In flatly rejecting the Treasury's legal tender, the Fed as representative of the banks is asserting itself to be more powerful than the elected representatives of the people. If the Fed won't acknowledge the coins created by the government, perhaps the government needs to charter a publicly owned bank that will.

We have a chance today to end the charade of big money gridlock politics, as well as the reign of the big banks. But the current government is so thoroughly captured by the bank-created money of our time that it is unlikely to take action without pressure from the people. Our ignorance on these issues has played into the hands of the 1 percent, who are dependent on the current system for their wealth and power. However, the massive push from educational campaigns such as those organized by Occupy Wall Street, Strike Debt, and the Free University is starting to lift the veil from our eyes.

We have the power to choose prosperity over austerity. But to do it, we must first restore the power to create money to the people.

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