Declare Your Financial Independence!

While we are in the spirit of our country’s independence, it’s time for Americans to take control of their finances and declare their financial independence!

Our Federal Government has proven to be a poor steward of our money. Obviously the politicians are not concerned about our country’s mushrooming debt, and given their poor track record financial responsibility, we must take responsibility for our own financial well being.

We have been told that Uncle Sam will take care of us at retirement with Social Security and Medicare, these systems are past broken. According to a recent blog on Heritage.Org’s website, currently the unfunded debt for these programs is upwards of $60 TRILLION! These programs are nothing more than Ponzi schemes cleverly disguised as social programs, ironically with NO SECURITY.

Just as Founding Fathers broke free from the establishment when creating our Declaration of Independence, we must break free from these chains of bondage. What we need is a system for finance based on self-reliance and independence! Start your own financial revolution by taking control of your finances.

When you look at our current system for saving and accumulating wealth, it is weighted heavily towards the financial institutions. Our educational system, our accounting system and the financial advisors, are all dependent on the government and these financial institutions. We are held captive by the cartel of mega-banks, as described by G. Edward Griffin in his now widely accepted book, The Creature from Jekyll Island A Second Look at The Federal Reserve.

As I write this, President Obama is asking Congress to raise the debt ceiling, increase government spending and increase taxes to supposedly stimulate the economy. This is exactly what got our country in the mess that it’s in. The only way to stimulate the economy is STOP SPENDING money they do not have. Only then can we lower taxes and decrease inflation.

In our personal lives we understand that spending money we do not have by utilizing credit lines and credit cards creates debt. We also understand that bad credit, bankruptcy and foreclosures are real, so in order to avoid these pitfalls, financial independence is crucial.

Yet, we fall victim to the promises of the politicians to win our votes and create more laws. They dangle “free” money, college loans, mortgages and low interest credit to us like carrots. Student loan debt has now surpassed credit card debts as personal debt increases and college graduates can not get a job.

FIRE, as it is respectfully called for, Finance, Insurance and Real Estate industry, has imploded. Middle-aged men have lost their careers and may never work again. The economies of those involved, according to the FIRE-economy website, Commercial banks, savings & loans, credit unions, finance/credit companies, securities & investment, venture capital, hedge funds, private equity & investment firms, insurance real estate, mortgage bankers, and brokers accountants

All of these involved have been propped up by government programs like Fannie Mae and Freddie Mac. Now the American Dream has become the American Nightmare! The Federal Government has poured $317 Billion into Fannie and Freddie according to http://www.cnsnews.com/news/article/true-cost-fannie-freddie-bailouts-317-bi  Billions more of taxpayer dollars have gone to bailout mega-banks and financial institutions including AIG, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, General Motors, and the list goes on… http://money.cnn.com/news/specials/storysupplement/bankbailout

Now comes along Helicopter Ben and he’s dropping money from the sky to save the world. Quantitative Easing has cost Americans BILLIONS! Businessweek found it necessary to poke fun at Fed Chairman Bernanke.

Ben Bernanke helicopter

Helicopter Ben as dubbed in Businessweek

So, you understand our nation is in trouble. The question is, do you want to do something about it? If you do nothing, then you can watch your wealth erode away to taxes and inflation. You will be a slave to government mandated programs and the financial institutions that hold the purse strings. It doesn’t matter if you pay cash or finance, in the words of Nelson Nash, “You finance everything that you buy.”

As stewards of our finances we must learn to take control of our personal economy, therefore ridding ourselves of government dependence. The idea of “retirement” is actually a government term that perpetuates dependency. Sadly, most employees will never have enough to support this dream of retirement that has been sold to them.

While true unemployment numbers hover around 20%, millions continue looking for jobs while trades and crafts are available in their backyard. And, the internet has given us markets never imagined before.

As governments collapse across the globe, history is repeating itself and prophecy is being fulfilled. As talks continue towards a world currency and taxes on the “rich”, our Congress refuses to balance the budget and stop their reckless spending. Financial markets have crashed before, and they will crash again…Yet, Americans still follow the financial advice of radio hosts who tell them to max out their 401k contributions. Already identified as targets by your friends in congress, these ticking time-bombs have never recovered from recent crashes.

What is a family to do? Whatever happens, you can protect your family name and legacy by controlling your finances today. This erosion does not have to affect you in the drastic ways that it sadly will affect most families.

Our system of earning, saving and investing money simply is broken. It relies way too heavily on the tag team of government and mega-banks and financial institutions, and way too little on the self-reliance and individualism that made our nation great!

You can create your own financial independence and take control of your money. Declare your freedom and make the remainder of 2011 as important as our country’s revolution in 1776.

Join hundreds of thousands of Americans who have declared they’ve had ENOUGH! Rid yourself of the slavery of the financial institutions. Discover the Infinite Banking Concept™ in the bestselling book, Becoming Your Own Banker

Or get started today by requesting a FREE, No Obligation analysis of your financial picture

Protect yourself from the onslaught of attacks coming to you by the U.S. Government and Mega-Banks.
Fight Tyranny by starting your own Financial Revolution and Declare Your Financial Independence!

“What at first was plunder assumed the softer name of tax revenue.”
~Thomas Paine

“Certainty? In this world nothing is certain but death and taxes.”
~Benjamin Franklin

Tu Ne Cede Malis, (Latin: Do not give in to evil but proceed ever more boldly against it)
~Ludwig von Mises

Declaring your Financial Independence will reward you with freedoms like none before, it is an act of patriotism. Now is the time to act with confidence and courage just as our forefathers did when they signed the Declaration of Independence FREE Yourself from Bondage – Request ar financial review

Until next time,
Barry Page, RFC

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.

His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Infinite Banking Concept – How to recapture, recycle and reuse your money.

Another Day, Another Worthless Dollar

Another Day, Another Worthless Dollar

While most Americans are struggling to survive right now, the FAT CATs in Washington are busy spending our money. It never ceases to amaze me how few people really understand what’s going on with our government.

I was just watching a little news while I enjoyed my frozen dinner (saving $), and a popular talk show host was commenting on the economy… PLEASE! Get a clue! Why do Americans put so much trust in the media? They invite so called financial analysts on the talk shows and ask them “tough questions” about our country’s financial mess.

An article posted on U.S.News and World Report today was “How to Tell if You Have a Good 401(k) Plan” If we can’t figure this one out, we’re in a heap of trouble… The article touted good points such as getting a generous match by your employer, short wait times to get started, vesting and fees. Duh!!!

The article mentioned nothing about how Uncle Sam ultimately controls the 401(k) and how he can change the rules at his discretion. Or that ordinary citizens have lost Trillions in the market over the past several years. Or that the whole tax deferral hype is a bunch of CRAP!

For many people the 401(k) certainly offers them a way to save money. And, if you get a match, why not contribute up to that point, but not a penny more. But, if you have to risk your life savings in a volatile market with no guarantees… that’s more than dangerous, it’s insanity.

Why am I so tough on qualified retirement plans? Because I’ve seen families lose their entire life savings. And, I don’t trust the government with the purse strings.

So, what’s a person to do? Take control of your money, NOW! There’s no other way to put it, take your money and run. I’m no market analyst and I don’t have a crystal ball, but the writing is on the wall. The government is broke and they want your money. The stock market is as uncertain as it gets. So I’ll ask you, why would you put your money in a 401(k)? If you know anyone who has ever gotten wealthy because of their 401(k), I’d like to meet them.

Recently, I attended the “Night of Clarity” in Nashville, Tennessee. This was a seminar about Austrian Economics and Privatized Banking. The event boasted an impressive list of Austrian Economists including Tom E. Woods, PhD, resident scholar at the Mises Institute and the author of the recent New York Times best-seller Meltdown; Paul A. Cleveland, PhD, adjunct scholar at the Mises Institute, Professor of Economics at Birmingham Southern College and author of several books; Tom DiLorenzo, Professor of Economics at Loyola College in Baltimore, MD, Senior Fellow at the Ludwig von Mises Institute; Robert M. Ebeling, PhD, Professor of Economics at Northwood University, past president of Foundation for Economic Education, and the Ludwig von Mises Professor of Economics at Hillsdale College; R. Nelson Nash, creator of the Infinite Banking Concept and author of the best-selling book, Becoming Your Own Banker; and the authors of the new book How Privatized Banking Really Works, Robert P. Murphy, PhD, Economist and adjunct scholar at the Mises Institute and L. Carlos Lara.

Robert Murphy, PhD and Barry Page, RFC in Nashville

In my humble opinion, EVERY AMERICAN should read the book, How Privatized Banking Really Works. This book will open your eyes to the LIES that have been forced on our country by the government. It will shed light on the Federal Reserve and our banking system. The book is easy to understand and offers references and documentation to all of the subject matter it covers. The best part is that if offers the solution to our monetary problems.

Once we understand the problem inherent in our current system, we can work towards solving the problem. In 1913, with the 16th Amendment, our government created the federal income tax, and later that year the Federal Reserve or central bank. This is suspicious all to itself, but we must understand that the power of these two entities is absolute. They control the money!

But, that’s not enough… Politicians are spending your money like it’s going out of style.. it is! Our dollars have become worthless because they are no longer backed by gold. The Fed is printing worthless dollars!

How can we change this picture? In their book, Lara and Murphy outline how we can take the power back in three easy steps:
1. Sound Money – link outstanding dollars to Gold. Inflation goes away.
2. Private Banking – the government monopoly will then be abolished.
3. Close the Central Bank – the size and expense of government and taxes decrease while business increases.

It couldn’t get much simpler than that. I hope you’ll take the time to further your knowledge of banking and money by reading this book. You may also want to visit http://www.mises.org/ to learn why Austrian Economics is superior to Keynesian Economics.

Until next time,
Barry

Barry Page, RFC is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protects their savings, but also provide tax advantages.
His business is based in Ocean Springs, Mississippi and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Austrian Economics and Private Banking

Hundreds showed up in downtown Nashville to listen to scholars of Austrian Economics and practicioners of Private Banking discuss the economy and finance…. BORING! No Way! 

BobMurphy-BarryPage

Robert P. Murphy, PhD and R. Barry Page, FRC share a laugh in Nashville.

 

Robert P. Murphy, PHD, was on hand. He is the author of several books including Capitalism, The Great Depression and The New Deal, study guides to Ludwig von Mises’ Human Action and Murray Rothbard’s Man, Economy and State, as well as co-author of How Privatized Banking Really Works, which was released at the event.
TomWoods-BarryPage

Thomas E. Woods, PhD and R. Barry Page, FRC

 

Taking a break from his busy schedule, Thomas E. Woods, PhD, resident scholar at the Mises Institute, and the author of the recent New York Times best-seller Meltdown, was on hand sharing his metaphors and Austrian philosophy. Woods new book, Nullification was just released.   

What is Private Banking and what does it have to do with Austrian Economics?   

R. Nelson Nash’s Infinite Banking Concept™ is publicly recognized as one of the most creative financial strategies of this Century and is anchored solidly in Austrian Economics.   

Infinite Banking teaches the process of using your current flow of finances versus consumption of money, for integrating protection and wealth accumulation enabling one to enhance their assets without creating additional liabilities.   

Austrian Economics observes the existence of economic law, inexorable forces of cause and effect that operate very much as other natural laws. It recognizes the laws of supply and demand, the cause of inflation, the operation of foreign exchange rates, and the subjective nature of economic value. Scholars are advocates of property rights and the freedom to contract and trade. It celebrates the contribution of business to society, while doggedly opposing taxes, price controls, and regulations that inhibited enterprise.   

Infinite Banking embraces the Austrian Economists view of economic law by providing you an opportunity to escape conventional thinking and free yourself from financial slavery. Becoming Your Own Banker is not a tax-qualified idea of any sort. The Income Tax Law, as we know it today, has only been around since 1913.  Life insurance has been around for over 200 years and is not a creature of any tax code.  It is nothing more than like-minded people contracting with one another to solve a financial problem.   

On the other end of the spectrum is Keynesian Economics and the Federal Reserve. The Fed and Keynesians think we can spend our way out of the mess we’re in. They are content with businesses being destroyed and government dependency. Completely contradictory to the free enterprise, small government libertarian viewpoint.   

Bill Dudley, from the NY Fed, recently came out saying that the recovery is a “bit less than expected”! The Fed will continue to spend the publics’ money as it creates money out of thin air furthering our economic problems. At least there was some positive news from the Fed, Bernanke said that extending the Bush Tax Cuts would help maintain stimulus in the economy.   

Currently, the Bush tax cuts will expire for 2011. Here’s what will happen if Congress does not intervine. As it stands now, the marginal tax brackets will expire at the end of 2010. There will be no 10% bracket for 2011, the remaining brackets will return to the original 2001 levels ( 15%, 28%, 31%, 36%, and 39.6%).   

As far long-term capital gain tax rates, in 2010, if you sell shares of stock that you’ve held for more than a year, the gain is long-term capital gain, generally taxed at the maximum rate of 15%. If you’re in the 10% or the 15% marginal income tax bracket, however, you will pay no federal tax on the long-term gain (0% rate applies). So, if you’re a married couple filing jointly, your taxable income is $68,000 or less, you’ll pay no federal tax on the gain.   

Absent any new legislation, in 2011, a 20% rate will generally apply to long-term capital gains. Those in the 15% tax bracket (no 10% bracket in 2011) will pay the tax at a rate of 10%. Special rules may apply for qualifying property held for five years or more.   

Qualifying dividends are taxed in 2010 using the same capital gain tax rates as described above, in 2011 they’ll be taxed as ordinary income.    

The choice is yours… You can follow the socialist viewpoint and build your life around liberal laws and government control or you can educate yourself, practice sound money principles and leave a legacy for your heirs.   

It should be an easy choice,
Barry Page, RFC   

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to create system of finance and banking to leave as a Legacy. His practice utilizes the Austrian Economics approach to money and markets.   

His practice is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html   

Don’t Believe the Hype about Financial Reform

Don’t Believe the Hype about Financial Reform The Unintended Consequences of Investing with Uncle Sam

With all of the hype from the mainstream press about financial reform, consumers might assume that the Dodd-Frank bill will actually help their financial portfolio. A closer look though at the affects of the financial regulatory changes might reveal some unintended consequences.

Over 800 pages of politically charged financial regulation can be found in the bill. And while, from a consumer standpoint, this may sound like a good thing, it will probably add to the confusion already involved with investing. The legislation does provide some protection for the consumer, however these small improvements will have little positive impact for the average family.

Once again the Federal Reserve has bypassed scrutiny and emerged as the ultimate financial regulator. Nary a mention has been given to auditing this cartel though that was the first intent of Congressman, Ron Paul.

Taking a look at what will actually occur for most, we will cover the most common places that people park their money.

http://rcm.amazon.com/e/cm?t=pma101-20&o=1&p=8&l=bpl&asins=1615456473&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifrQualified Retirement Plans (401k, 403b, IRA, etc)
Popular investments such as those offered by employers, because they may offer tax-benefits and are considered to be conservative, could see these regulatory decisions affecting the costs and availability associated with these plans. What’s worse is that the full affect of the reform may not be known for some time.

Because of the gray area left in the bill, regulators have 15 months to study the issue. This could ultimately drag down the returns of these investments. Primarily these studies will involve “swaps”, “wraps” and “derivatives”, all of which can be found in typical retirement accounts. Kent Mason, partner at Davis & Harman LLP and outside counsel to the American Benefits Council, says this “would have an immediate and very troubling effect on 401(k) plans across the country.”

Mutual Funds
Although their is little mention of mutual funds in the Dodd-Frank bill, it is likely that the legislation will affect the holdings of these funds.

Their is also uncertainty for bond funds which could further increase volatility. The (FDIC) Federal Deposit Insurance Corporation, will have more control to sieze troubled financial institutions, and have leeway to pay investors differing amounts on bonds, though they may be holding identical bonds issued by that particular institution. This could cause uncertain investors to dump the bonds at the first sign of trouble or to demand higher yields.

Bob Auwaerter, head of fixed income at Vanguard Group says this “can have all sorts of unintended effects”. The potential result is unequal treatment of bondholders which “will reduce liquidity and lower the price.”

Even worse, typical mutual fund investors, who are prone to trying to time market-buying decisions, could be affected by advertising. “Hot funds”, touted by financial magazines, coordinated with advertising could result in misinformation being passed along to consumers.

Derivatives
At yearend 2009, there were $464 TRILLION in outstanding derivatives. While the new bill seems to focus on this problem, it is doubtful that the new provisions could have prevented the financial crisis.

Dividends
Probably the most troubling to investors is the taxing of dividends. Without further congressional action, the top dividend tax rate will skyrocket to 39.6% in 2011. Senate Finance Committee Chairman, Max Baucus (Dem. Mont.), will be a key player in the future debate over the taxation of dividends.

Brokerage Accounts
The (SEC) Securities and Exchange Commission will have authority under the bill to impose the same standard of “fiduciary” duty on brokers that currently apply to investment advisors. Meaning that brokers must provide advice that is in clients’ “best interest”. What exactly does this mean? How does a broker, that you have probably only spoken with on the phone, know what is in your best interest?

The bottom line is that the bill will provide minor improvements to consumer laws that regulate the financial industry. BUT, the major changes resulting in increased regulation will affect everyone from banks to insurance companies, resulting in more confusion and less profits.

Fortunately, there is one financial instrument that can keep you out of the confusion and chaos that congress continues to pursue. If you do your homework, you’ll find that good, old-fashioned whole life insurance has survived for hundreds of years intact.

There are many flavors of life insurance, so you’ll want to make sure you are dealing with an experienced agent that does business with a “mutual” life insurance company. Mutual life insurance carriers pay dividends to policyholders, and the owner of the contract controls the policy. You can learn more about the extraordinary benefits offered by whole life insurance here: http://legacyinsuranceagency.com/lifeinsurance/wholelife.html

Until next time,
Barry Page, RFC

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.

His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Are You Tired of the Market Roller Coaster? Here’s What To Do

Discover the Alternative To Traditional Investing

While the market goes up and goes down, you don’t have to. You can get off of the roller coaster and discover the alternative to traditional investing.

There really is a better way… and it won’t keep you up at night.

You’ve probably heard that life insurance is a bad investment. And, that you should buy the cheapest term insurance available. Well something else that you’ve probably heard is “you get what you pay for.”

YES! You can protect your hard earned money and build wealth using tried and true, dividend paying, life insurance.

While the investment firms and banks want you to believe that the stock market is the ONLY way to invest and make money, they too own life insurance.

BOLI is the name for Bank Owned Life Insurance, and if you’ll do your research you’ll find that all of the major banks own lots of it. As a matter of fact the FDIC (Federal Deposit Insurance Corporation) actually encourages banks to own life insurance: http://www.fdic.gov/news/news/financial/2004/fil12704.html

Total BOLI Assets (in billions)
Held by Bank Holding Companies in 2007
BHCS BY ASSET SIZE 2007 2006 Change
Over $10 billion $ 104.63 $ 88.59 18.1%
$1B – $10 billion $ 9.89 $ 9.55 3.6%
$500M – $1 billion $ 3.03 $ 2.86 4.5%
All $ 117.55 $ 101.00 16.4%
*Source: Michael White-MullinTBG BOLI Holdings Report – 2008 edition

BANKS THAT OWN BOLI State BOLI
Bank of America NC $ 13,883,173
Wachovia NC $ 12,874,000

JP Morgan Chase OH $ 7,181,000

Citibank NV $ 3,281,000
Regions Bank AL $ 1,253,146
Bancorp South MS $ 168,005
*Partial list compiled from: The Pirates of Manhattan

If permanent life insurance is such a bad investment, why do you think banks own so much? And, if you listen to who is saying “buy term” it’s usually the banks and Wall Street. Why? Because they are now selling term insurance and it is the MOST Profitable for them, and of course they want to sell you their mutual funds. Mutual fund managers rake in hundreds of millions of dollars every year, while you take the risk and whether or not they make money or not.

So, why do they tell you to “buy term and invest the difference”, while they do just the opposite? Well, that’s how they make their money, even if you LOSE… That’s right, they make money even when they lose your money. They tell you to buy while the market is down, and to “dollar cost average”, what a bunch of crap! Yet, they still won’t you to bail them out!

Have you ever considered your what YOUR LIFE is worth to YOUR FAMILY? This is your Economic or Human Life Value. Winston Churchill said this about using life insurance to protect the economic value of a human life:
“If I had my way I would write the word insurance over the door of every house because I am convinced that for the sacrifices which are considerably small, families can be secured against catastrophes which would otherwise smash them up forever.”

The political commentator, humorist and international celebrity Will Rogers said this:
“A man who dies without adequate life insurance should have to come back and see the mess he created.” Rogers later died, in 1935, in a plane crash in Barrow, Alaska—and life insurance benefits were one of his estate’s largest and most important assets.

You too can enjoy the many benefits of life insurance while protecting your family. Here’s a partial list of what life insurance can do for you:

  • It takes care of your family if you die too soon.
  • It takes care of you if you live too long.
  • It is self-completing if you become permanently disabled.
  • The waiver of premium guarantees the premiums are paid.
  • It can have catastrophic benefits if you have cancer, heart attack or stroke, to help even if you don’t die.
  • It can have terminal illness benefits that will pay when you are diagnosed, allowing you to put things in order before you die.
  • It can provide long-term care benefits, drawing from your cash-value.

And, if that isn’t enough to get your attention, then you may want to learn about the banking benefits of dividend paying, cash-value life insurance. The Infinite Banking Concept is a way to recapture the interest that you pay to others and put it back into your “bank”. You can learn more and order the book Becoming Your Own Banker here: http://legacyinsuranceagency.com/byob

So, get off the roller coaster and stop risking your wealth. You don’t have to get out of the market, but you may want to diversify with some safe alternatives like annuities and life insurance. Download a Free Report: http://legacyinsuranceagency.com/alternative

Until next time,
Barry page, RFC

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.
He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.

His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Emergency Financial Planning – Are you ready for what’s next?

Are you planning for an emergency financial situation? Will you prosper or get plundered in the future?

You already have access to the news and you can choose to read, watch or listen to whatever you want to. There’s good news and bad news in most every story, but how do you decipher the good from the bad? And, who do you trust?

The reason that I share this information with you is expose you to different viewpoints that you may not have access to in the mass media, and to allow you to educate yourself on the facts. As my friend and author Nelson Nash says, “If you know the facts, you’ll know what to do.”

So, you think your money is safe in the bank? Here’s a list of troubled banks from Martin Weiss, chairman of Weiss Ratings. They are rated A-F, just like in school.

What would happen if these banks failed? Loans would no longer be available, fear would prevail, and if your bank failed you could lose interest and access to cash.

You may ask yourself, “How are these banks in trouble when we’ve bailed them out, and the Federal Reserve is loaning them money at practically zero-cost?” A number of reasons actually, including greed, overspending and bad loans.

Delinquency rates are increasing and commercial loans are starting to falter. Some in Congress are already asking for more bailout funds. Another massive refinancing program may be enacted soon. http://www.financialstability.gov/latest/pr_05212010.html

Adding to the problems, the Fed has not only already flooded the U.S. economy with upwards of nearly $2 trillion in newly printed money, they have promised to help bailout Europe… With no end in sight as to how much monopoly money the Fed will print, each and every dollar printed is adding to an unlimited supply of fiat currency.

Will the central banks ever tighten monetary policy again? Chances are slim, they are content merely printing money and causing your dollars to lose value through inflation. Thus cash and long-term bonds, traditionally safehavens, may no longer a good place to hold money.

Equities are more volatile than ever, and the markets are in turmoil. Now financial gurus from the mega-media houses are touting that you buy gold and precious metals to combat inflation… and to get rich?

In turn, speculators are buying gold faster than they can mine it. Analysts are forecasting a 27% rally that would extend the longest run of annual gains since the 1920’s. Gold managers are capitalizing on the anxiety and fear… Have you noticed how many advertisements there are telling you to invest in gold?

Ask yourself, how do you make money with gold? Like anything else right? Buy low, sell high… This is almost laughable, since the common man has not a clue about how to do this. Commissions going in or out can average as much as 18%, so you are down 36% before you even make a dime. Do you buy bullion? coins? ETFs??? And… very few even consider taxes.

We are no longer on the gold standard, what happens when and if another standard comes along? Right now the Federal Reserve is printing money at will, so gold no longer backs your dollars.

How do you spend gold? What do you do with 16oz of gold? Assuming you had $20,000 to buy gold in the first place… What if the government confiscates gold? They have before.

Don’t hear me wrong, I’m not saying gold is a bad investment. But… Just like anything else you have no business investing in gold until you have done your research.

With interest rates being low, the government is punishing savers. The financial institutions want you to buy the latest, greatest products, and most advisors are telling you that now is the time to buy. You are also being told to invest on your own and trade online… How is that working out?

Most American’s lost money in the greatest bull market of all time in the 90’s, even with managed money. And, those who thought they made money have lost it since. How do you realize a gain in the market? You have to buy and sell at the right time.

Certainly you can make profits if your timing is right… But that’s a big “IF”.

Do you think we are at the bottom? Do I have to remind you that less than a year ago the Dow was below 7,000? Other analysts and experts are saying we could see another correction soon… plunging the Dow to 5,000! Take a look at the last 10 years of the Dow.

All the while the government and many bond managers are suggesting that you buy bonds for safety and Treasury Inflation Protected Securities (TIPS), others warn this could be a problem as well.

Social Security is beginning to deteriorate and benefit payments are starting to outpace tax receipts. Baby boomers are retiring, putting more strain on Medicare and Social Security. State governments are borrowing money from the federal government to pay for unemployment and entitlement programs.

A more prudent plan may be to step back, learn from history, analyze our problems and make informed, educated decisions.

Okay, enough bad news. So, what can you do? How can you protect your money from loss, earn a decent return, and not get clobbered by taxes and inflation? The answer is simple really, and it’s nothing new… You may think that today’s economic problems are different from those of the past, but they really are not. Money is the same today as it has been for 2,500 years.

The Problems

  • Excess Consumption
  • Excess Spending 
  • Excess Investments 
  • Excess Cash

The Solutions

  • Stop Overspending
  • Control Consumption
  • Maintain Emergency Reserves
  • Make Safe and Prudent Investments

As is often the case, we need to get back to the basics. In his book, The Richest Man in Babylon, George S. Clason outlines financial principles that have survived for centuries.

Here’s my short and updated version.

5 Simple Steps for Preserving and Creating Wealth

1. Pay yourself first

2. Save a minimum of 10%, preferrably 20%

3. Write down your expenses and buy only those things that are necessary

4. Put your money in safe and liquid assets that appreciate in value

5. Insure your income for the future

 
Questions to Ask Yourself Before Moving Your Money 

  1. If interest rates on CD’s and money markets are less than 2%, and inflatin is 3%, why would you put your money there?
  2. If the market is volatile and you can lose your hard earned cash, why would you invest your money there?
  3. If bonds and gold are no more predictable than other commodities, why would you put money there?
  4. If the Government has control, and can change the rules for your IRA, why would you invest there?
Where should you put your money? It’s not a bad idea to own some or all of the above mentioned financial vehicles, but ONLY after you have protected yourself from loss, created an emergency plan and have excess capital to invest.

Now that you have the basics, there is another advanced concept that you may want to learn. The Infinite Banking Concept™ recognizes that we have a need for finance throughout our lifetime. By utilizing this concept, and the power of dividend-paying whole-life insurance, you can recapture the interest that you are now paying to banks and financial institutions. Anytime you can eliminate interest that you pay to others, and direct that same market rate of interest to an entity you own and control, you will have improved your capacity to create wealth. Other benefits may include tax advantages, risk reduction, protection from creditors, disability and death protection.  

In order to make money like the banks do, you need to think like they do… You need to learn and understand banking. You probably already know how to make money with your labors, you just need to understand how your money is flowing and capitalize your own system.

If you do your research you will learn that life insurance has been around for hundreds of years, before the IRS and before the Federal Reserve. Life insurance companies, unlike other businesses, are looking further down the road than the next 5 or 10 years. They are planning for a minimum of 100 years. They have survived depressions, bailouts and crashes.

Mutual life insurance companies are predictable and most have been consistently paying a dividend to policyholders for more than 100 years. Whole life insurance gets BETTER over time. Every policyholder gets the benefit of the same crediting rate, regardless if you buy this year or if you bought it 20 years ago. But, beware of imposters. Universal life, variable life and indexed universal life policies, primarily sold by stock based insurance companies, do not have the same crediting rates, and can have other hazards.

You can take the first steps to securing your financial future today.

Find yourself an agent that practices Infinite Banking: http://infinitebanking.org/links/usagents.php

Read the book, Becoming Your Own Banker™, and do your research, you’ll be glad you did.

Until next time,
Barry Page, RFC
Infinite Banking Think Tank Member
http://www.legacyinsuranceagency.com/

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.
His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Make MIne Freedom 1948

Today, our country faces hard decisions that will shape our future and determine our freedoms going forward. Every aspect of our lives will be effected by the decisions our legislators are making now.

This cartoon film, originally produced in 1948, makes a striking resemblance to today’s issues.

http://www.youtube.com/v/mVh75ylAUXY&hl=en_US&fs=1&color1=0x234900&color2=0x4e9e00

Vote, get involved and protect your family and our country’s freedom.

Until next time,
Barry Page, RFC

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

It’s Your Money – Protect it or Perish!

Your lifetime of hard work, and your family are in jeopardy. The time is now to stand up for your rights as a citizen and protect your faith, family and finances – or perish. Educate yourself on the true history of our country and expand your knowledge of money so you can live a life free from tyranny.

Today our liberty is being threatened because of the power of government. The Internal Revenue Service (IRS) and The Federal Reserve (Fed), ironically created the same year (1913), are seizing land, assets and devaluing our dollar. Your money is being confiscated to fund illegal operations and the International Monetary Fund (IMF).

It saddens me to have to tell you these things – I apologize for being straightforward… But my mission is to spread the gospel… about God’s love and about your money… to reveal the facts and the truth.

The United States became what we are because of faith, family and free enterprise. A hundred years ago we were free people, with less government regulation and taxes than the rest of the world. We owned land, produced our own goods, and we believed in Christ, family and our constitution.

God warned us in the Bible of the dangers of government and greed:

“While they promise them LIBERTY, they themselves are the servants of corruption: for of whom a man is overcome, of the same is he brought in bondage.” 2PE 2:19

“My people are destroyed for LACK OF KNOWLEDGE: because thou hast rejected knowledge, I will also reject thee, that thou shalt be no priest to me: seeing thou hast forgotten the law of thy God, I will also forget thy children.” HO 4:6

“For he seeth that wise men die, likewise the fool and the brutish person PERISH, and leave their wealth to others.” PS 49:10

“The good man is PERISHed out of the earth: and there is none upright among men: they all lie in wait for blood; they hunt every man his brother with a net.” MIC 7:2

Our founding fathers also warned us:

“I am sure there never was a people, who had more reason to acknowledge a divine interposition in their affairs, than those of the United States; and I should be pained to believe that they have forgotten that agency, which was so often manifested during our Revolution, or that they failed to consider the omnipotence of that God who is alone able to protect them.” ~George Washington

“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.” ~Thomas Jefferson

“God grant that not only the love of liberty but a thorough knowledge of the rights of man may pervade all the nations of the earth, so that a philosopher may set his foot anywhere on its surface and say: This is my country.” ~Ben Franklin

As a United States Citizen you should be outraged at what is happening to your country. Right before our eyes, history is being rewritten and our freedoms are being stolen from us by amendments to our beloved constitution. Hardly a day goes by when Congress is not adding, deleting or changing this cherished model for our independence.

Currently, Congress is debating whether or not to pass legislation that would alter the powers of the Federal Reserve. Congressman Ron Paul (R-TX), has worked tirelessly in his “Audit the Fed” bill HR 1207 and S 604. The Fed and the Obama administration are fighting this bill to retain power and control of our money.

The bill was gathering momentum until Senator Bernie Sanders (I-VT) caved in and sold-out under pressure by the Federal Reserve and the Obama Administration, and a new bill is now being circulated. The new version of the bill will likely give the Fed even more power, exempting monetary policy decisions, discounting window operations, and agreements with foreign central banks from Government Accounting Office (GAO) audits.

“The current fiscal policy is unsustainable. We are heading to a future where we’ll have to double federal taxes or cut federal spending by 60%.” ~David Walker, Comptroller General of the United States GAO

David Walker served under both Democratic and Republican administrations. He isn’t trying to get elected he’s taking an honest approach to fiscal policies and economics…

David Walker on CNN http://www.youtube.com/watch?v=q2QE137fRvs

Our markets are in turmoil and volatility is at an all time high. Blame is being thrown around another bailout is on the horizon. This time it is Greece and the U.S. Taxpayers will fund a major portion of the Greek bailout. The Federal Reserve provides 20% of the money for the IMF, and they are the entity that will lend the money. The bailout will be used to pay back the banks that made unwise loans to Greece previously, so they will be saved while taxpayers absorb the losses. Read more here: http://www.businessinsider.com/henry-blodget-guess-whos-paying-for-that-greece-bailout-thats-right-you-2010-5

Most people’s impression of the Fed is that they control the money supply and protect us from recessions and depressions through monetary policy, Hogwash!
The Fed is a cartel, originally created by wealthy bankers. G. Edward Griffin, author of the classic book, ‘The Creature From Jekyll Island’ outlines how and why the Fed was created in his free, downloadable recording found here: http://legacyinsuranceagency.com/creature.html

“The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create unlimited amounts of money out of thin air brought us the boom and bust cycle and caused one financial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erode the value of the dollar.” http://www.ronpaul.com/

“Economic affairs cannot be kept going by magistrates and policemen.” ~Ludwig von Mises

A free market economy, as followers of Austrian Economics believe, is the answer to many of America’s financial problems. On the other hand, mainstream economists and followers of the Keynesian model, believe that government should control monetary supply through regulation, deposit insurance and a flexible, fiat currency.

The Austrian Theory of economics is taught and practiced at the Mises Institute in Auburn, Alabama. Lew Rockwell, notable author and libertarian activist, founded the Mises Institute. He also publishes the blog, http://www.lewrockwell.com/ , where he warns of the threats of socialism, among other things.

“Workers and consumers are, of course, identical.” ~Ludwig von Mises

Read more at The Quotable Mises: http://mises.org/quotes.aspx

What does all of this have to do with you, your family and your money? You are the engine that drives government. Government feeds off of the people. They exist because of our money, derived from taxes.

How can we protect ourselves? By standing up to big government and educating ourselves on economic policy. Contact your representatives and let them know how you feel. Vote and be heard.

Why should you be concerned? Your freedom depends on it, “Use it or lose it.” Your children and grandchildren will be faced with debt beyond their control and will be forever enslaved to foreign governments and elite bankers.

On December 16th, 1773, people just like you and me, “radicals” from Boston, Massachusetts, formed the Sons of Liberty. They boarded three East India Company ships in Boston Harbor and threw 342 chests of tea into the water. This event was in protest of oppressive British taxation and tyrannical rule. It became known as the Boston Tea Party and paved the way towards our country’s independence.

Today we are faced with similar circumstances. If we do nothing and do not learn from history, we are destined for failure. Money creates power, and unfortunately, this power in the wrong hands can destroy our nation.

Money and banking are essential in our society, however, when we depend on the government and financial institutions for money, we become slaves to their system. Our knowledge of how these systems work will protect us from their bondage and increase our ability to achieve financial success.

Saving money is what built this country. In recent times we have been led to believe that “investing” in uncertain markets and with banks is the key to prosperity, when in fact this is part of the problem.

You can protect your family and your wealth by creating a system of finance that is independent of traditional banking models. Using a financial tool that out dates the Fed and the IRS, you can virtually become your own banker. This tool is called dividend paying, whole-life insurance. You may have been told by my media entertainers, parading as financial gurus, that whole-life insurance is a bad investment, they are wrong.

Life insurance is the only financial instrument that can guarantee that what you want to happen, will happen. While stock markets have plunged, owners of this centuries old financial tool have prospered. And, when properly administered, it can be used to create your own privatized family banking system that can live on for generations. You can learn more about private banking here: http://bankforlife.wordpress.com/

NOW is the time to ACT while you have time.

Until next time, Protect Your Freedoms!
Barry Page, RFC

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

He has created a service that caters to families and business owners that frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.

His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

Haley Barbour is speaking to the Southern Republican Leadership Conference

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