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13 05, 2015

Memorial Day

2015-05-13T10:48:34-05:00

It was 1866 and the United States was recovering from the long and bloody Civil War between the North and the South. Surviving soldiers came home, some with missing limbs, and all with stories to tell. Henry Welles, a drugstore owner in Waterloo, New York, heard the stories and had an idea. He suggested that all the shops in town close for one day to honor the soldiers who were killed in the Civil War and were buried in the Waterloo cemetery. On the morning of May 5, the townspeople placed flowers, wreaths and crosses on the graves of the Northern soldiers in the cemetery. At about the same time, Retired Major General Jonathan A. Logan planned another ceremony, this time for the soldiers who survived the war. He led the veterans through town to the cemetery to decorate their comrades’ graves with flags. It was not a happy celebration, but a memorial. The townspeople called it Decoration Day.

In 1868 the northern states commemorated the day on May 30. The southern states commemorated their war dead on different days. Children read poems and sang civil war songs and veterans came to school wearing their medals and uniforms to tell students about the Civil War. Then the veterans marched through their home towns followed by the townspeople to the cemetery. They decorated graves and took photographs of soldiers next to American flags. Rifles were shot in the air as a salute to the northern soldiers who had given their lives to keep the United States together.

In 1882, the name was changed to Memorial Day and soldiers who had died in previous wars were honored as well. In the northern United States, it was designated a public holiday. In 1971, along with other holidays, President Richard Nixon declared Memorial Day a federal holiday on the last Monday in May.

Chapman Wealth Management salutes those who have died in the service of our country, those currently serving, and the families who have made great sacrifices for our freedom. We continue to live in the greatest country in the world. On this Memorial Day, take a few minutes to consider the blessings you have, celebrate the relationships in your life, both family and friends, and thank a veteran.
Then, on Tuesday, call us to begin work on your future success! God Bless America!

Memorial Day2015-05-13T10:48:34-05:00
15 08, 2011

August 15th: A Very Important Anniversary

2011-09-30T11:21:30-05:00

In July 1944, with World War II raging on, 730 delegates from all 44 allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire for the United Nations Monetary and Financial Conference. Their primary goal was to rebuild the international economic system through a series of rules, institutions, and procedures. The delegates spent three weeks deliberating upon and eventually signing the Bretton Woods Agreements.

The Bretton Woods system called for each country to adopt a monetary policy that maintained the exchange rate by tying its currency to the U.S. dollar. If you were a favored bank you could exchange your dollars for gold at a fixed rate. This anchored the monetary system.

On August 15, 1971(“The Anniversary”), the United States, under Richard Nixon, unilaterally ceased convertibility of the dollar to gold. This meant that the dollar became an all out “fiat currency,” sustained by nothing but the promise of the federal government. Known as the Nixon Shock, this action meant that the United States dollar would be the sole backing of currencies and a reserve currency for the world.

Our government and governments around the world have been on a spending binge. When the central bank is able to suppress interest rates to zero and when the government can finance its debts with foreign central banks at negligible interest rates—there’s no check on these debts

What about you? Are you on a spending binge? Is your balance sheet “AAA”? Are you in control of your cash flow? Here’s a test: When you go out on Monday to celebrate the anniversary, will you pay with cash?

Happy Anniversary!

 

August 15th: A Very Important Anniversary2011-09-30T11:21:30-05:00
7 01, 2011

Take the ”LEAP” and Visit!

2017-09-01T13:21:19-05:00

The future has arrived! Our new website outlines our holistic and comprehensive approach to personal financial planning. It includes an overview of the LEAP system featuring the Wealth In Motion software, an outline of our services and articles that are at once entertaining and pertinent to your financial success.
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Take the ”LEAP” and Visit!2017-09-01T13:21:19-05:00
5 01, 2011

Veteran’s Day

2011-01-05T16:14:44-06:00

World War I – known at the time as “The Great War” – officially ended when the Treaty of Versailles was signed on June 28, 1919, in the Palace of Versailles outside the town of Versailles, France. However, fighting ceased seven months earlier when an armistice, or temporary cessation of hostilities, between the Allied nations and Germany went into effect on the eleventh hour of the eleventh day of the eleventh month. For that reason, November 11, 1918, is generally regarded as the end of “the war to end all wars.”

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Veteran’s Day2011-01-05T16:14:44-06:00
1 05, 2010

Memorial Day 2010

2010-09-03T12:09:34-05:00

It was 1866 and the United States was recovering from the long and bloody Civil War between the North and the South. Surviving soldiers came home, some with missing limbs, and all with stories to tell. Henry Welles, a drugstore owner in Waterloo, New York, heard the stories and had an idea. (more…)

Memorial Day 20102010-09-03T12:09:34-05:00
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