I was diagnosed with cancer in my mid 20’s. My ordeal with cancer and the financial fall out from that experience created in me an interest in economics that I did not have up to that point. I began to study and learn and work towards greater knowledge in a field I was not professionally trained in. Eventually I came to work in the financial industry and this is when my real education began. My professional financial career entails work as a banker (CalFed, Citibank) and experience in the insurance industry beginning in 2001 (AFLAC).
I started PaleoSaver with one idea: “What if the American people could stop inflation?” When the financial meltdown in 2008 happened it nearly toppled the “too big to fail” Wall Street banks and took most people’s retirements and homes along with it. The banks got bailed out but what did the American people get? More debt, inflation and the can kicked further down the road. Rather than just merely keep up with inflation, is it possible for the average person to do anything about the problem of inflation? Turns out, not only is it possible, it is profitable.
Inflation, money creation, is the reason for the boom and bust cycles and much of our economic woes. The banking system inflates the money supply, prices rise, and we get a boom. Sooner or later however the boom goes bust and all the gains that was thought to exist go up in smoke. Trillions in value lost overnight. There is no genuine savings and investments, it is simply a money printing boom with no underlying savings underneath it. It is very frustrating for the average person or even wealthy people to go to work every day, year after year, only to find out one morning that they are poorer for it because the market went bust.
What if the American people said “no more” and began to use other instruments besides the Wall Street system for their savings plans, financing needs and investments. Our great grandparents were highly suspicious of the banks and the stock market back in their day. They lived through times when you could not get your money out of the banks just when you needed it most. They kept their money in other places, like institutions based on 100% reserves rather than the fractional reserves of the banking and Wall Street system. Could the American people save themselves from the inflationary cycles? Could they be just fine while everyone else is in a panic? Theoretically they could and that is just what PaleoSaver aims to do. We offer our clients safe, secure, non-volatile, 100% reserve instruments that can be used for retirement planning, business investments, emergency funds, self financing, protection or just about any purpose whatsoever. Private contracts that do better than banks, don’t have the volatility of the stock market, restrict the inflation of the currency by keeping your savings out of the banking system and reduces or even eliminates your need to go to the bank as a source of financing. That is a win/win scenario for everyone, except Wall Street.
Imagine, doing well for yourself and doing good for everyone else at the same time. That’s what great grandma would have done, and that’s why we call it “PaleoSaver: Saving Money the Old Fashioned Way.”
Lorin Partain Founder & CEO PaleoSaver, Inc.