Epstein Secrets

: Robert J. Shiller. — Constant spending % Spending rate: 3.5% of NW Inflation: 3% After-tax return: 3% 6 7 0 1 2 3 4 5 Years Source:. Morgan Private Bank. 10 Two obvious conclusions: for many families, spending plays a large role in the ultimate accumulation of wealth; and since monetary policy is n

ach client and is serviced through distinct legal entities or specific activities. Bank, trust and investment management services are provided by 5 Morgan Chase Bank. • and its affiliates. Securities are offered through Morgan Securities LLC(IPMS). Member NYSE. FINRA and SIPC. Securities products purchased or so

ment risks, including possible loss of the principal invested. Nor all investment ideas referenced are suitable for all investors. Speak with your.. Morgan Representative concerning your personal situation. This material is nor intended as an offer or solicitation for the purchase or sale of any financial instrument.

s nor intended or written to be used. and cannot be used. in connection with the promotion. marketing or recommendation by anyone unaffiliated with !Morgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. Note that.. Morgan is not a licensed insurance pro

embargo), waited for an attack, and entered the war with much greater support. 3 See speech by Janet Yellen, Vice Chair of the Board of Governors of the Federal Reserve System, at the Brimmer Policy Forum, Allied Social Science Associations Annual Meeting, Denver, Colorado, 8 January 2011. EFTA00617487 Eye on the Market

INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK NA. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS. INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED Page 1 of 16 Account rs held at

Securities LLC. Four Chase Metrotech Center, Brooldyn, N.Y. 11245-0001 MARGIN ACCOUNT If you are a customer with a margin account, you consent to JP Morgan's right (to the extent permitted by applicable law) to use. lend or pledge any securities held by J.P. Morgan Securities LLC in your margin account. I

nstructions of any other person authorized to act on your behalf. In each case and whether or not demand has been made therefor, you hereby authorize J.P. Morgan to charge your Account(s) for any and all such Costs, provided, however, that in no event shall you be obligated to pay Costs to the extent payment o

obtain a price from an internal or outside source for a particular ARS. the puce column on your statement will indicate -unpriceer A description of J.P. Morgan's practices and procedures regarding ARS is available at imiv.jramorgan.comfmuniars. Page 14 of 16 For questions, please contact us using the inform

of your general account and a special memorandum account maintained for you under Section 220.6 of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of this separate account, as required by Regulation T. is available for your inspection. Unless we hear from you to the contr

INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK NA. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS. INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED Page 1 of 16 Account is held at

Securities LLC. Four Chase Metrotech Center, Brooldyn, N.Y. 11245-0001 MARGIN ACCOUNT If you are a customer with a margin account, you consent to JP Morgan's right (to the extent permitted by applicable law) to use. lend or pledge any securities held by J.P. Morgan Securities LLC in your margin account. I

nstructions of any other person authorized to act on your behalf. In each case and whether or not demand has been made therefor, you hereby authorize J.P. Morgan to charge your Account(s) for any and all such Costs, provided, however, that in no event shall you be obligated to pay Costs to the extent payment o

obtain a price from an internal or outside source for a particular ARS. the puce column on your statement will indicate -unpriceer A description of J.P. Morgan's practices and procedures regarding ARS is available at imiv.jramorgan.comfmuniars. Page 14 of 16 For questions, please contact us using the inform

of your general account and a special memorandum account maintained for you under Section 220.6 of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of this separate account, as required by Regulation T. is available for your inspection. Unless we hear from you to the contr

thout regard to the conflict of laws principles, and with the laws of the United States of America as applicable. Address for notices to the Bank: IPMorgan Chase Bank, N.A. 270 Park Avenue New York, New York 10017-2070 Attn: Shari James Tette° its: 212-464-2531 Financial Trust Company, Inc. By: Jeffrey Epste

ctive. The Prime Rate is a reference rate and may not be the Bank's lowest rate. "Regulation D" shall mean Regulation D of the Board of Governors of the Federal Reserve System. "Regulatory Change" shall mean any change after the date of this Note in United States federal, state or municipal laws or any foreign laws or reg