Tuesday, November 22, 2022

Trust But Verify

Trust but verify.  This ethos is heard often in the Bitcoin world but the same adage could easily be assigned to Whole Life.

So many people dismiss Whole Life at first mention because of what they think they know.  Most people’s understanding of Whole Life, in my experience, is based on someone’s misunderstanding. 

But there’s a very easy way to determine if Whole Life is what portends to be from those who claim to really know it and those who dismiss it so easily.  Verify.


Easy.  Talk to an experienced and qualified expert in Whole Life. Connect with someone like myself who has 20+ years in the life insurance industry, co-hosts a podcast, licensed in 45+ states, and happens to walk their own talk.  

I can answer all the elusive questions.  I can also go a step further to show you how a Whole Life policy can be structured to guarantee a future outcome:  

Retirement income

Rainy day fund

Capital for investing in real estate and business ventures

College funding for the kids

Excess pool of money to cover a long-term care health event

Tax-free transfer of wealth

And all within a budget you can work with.  All verifiable.  No need to trust me or whoever might be in your ear leading you astray.  See for yourself.  As it’s said:  The proof is in the pudding.

You can reach me here:

CALENDAR:   Www.IBC.guru

Thank you,

John Montoya

Friday, November 4, 2022

The Two Ways To Thrive & Prosper in the Current Debt-Based Financial System

What will be the best way to thrive and prosper in a fiat (debt-based) monetary system?

Answer: Through the use of honest, sound money systems to preserve, grow, and transfer wealth.

Does this actually exist?

Yes, in two places:

Whole Life insurance policies and the Bitcoin protocol.

Whole Life exists within the current legacy financial system and is engineered on a full reserve basis. This is extremely important.  Life insurance companies by law cannot print or create money (credit or IOU’s).  Unlike the banking system that can loan beyond what they hold in reserves, the life insurance industry is restricted from doing so.  As a result, life insurance companies are financially solvent which is a requirement enforced by the legal system.

This is important because what happens when the music (free money printer) stops?  The world enters a liquidity crisis because the credit system must eventually unwind at the end of each “business cycle”. Banks stop lending, asset prices drop, companies start laying off, people are worse off… except for those people who value honest, sound money systems and warehouse a portion of their assets with mutual based life insurance companies via Whole Life policies. 

With a Whole Life policy, there is no liquidity crisis for the policy owner.  Policy owners have access to their cash value at any time for any reason, either as withdrawal or using the cash value as collateral for a guaranteed loan.  Life insurance companies must make the cash value available to the policyholder because policyholders have the first priority to the money within the life company.  Compare to a bank where a depositor is a creditor to the bank and do not have first priority.  

There is a long history of bank runs and credit bubbles bursting.  People unfortunately learn the hard way and/or lessons are quickly forgotten or never learned in the first place.  The history of money is not taught in schools and the majority of adults won't ever read another book after graduating high school.  Throw in what think they know about life insurance which isn't so, and well, Infinite Banking through Whole Life policies is beyond the comprehension of many.  

Be that as it may, Whole Life policies bridge the present monetary system with guarantees of future performance based on actuarial math.  Imagine if you will that Whole Life creates both present and future values; two time lines working together to guarantee a financial result based on the value of your life.  No other financial product does with a Whole Life does with safety, liquidity, and guarantees.

I've found only one drawback to Whole Life that it does not address on its own because Whole Life policies exist within the current legacy financial system that is likely on it's last legs.  I don't believe the dollar is going away anytime soon.

Consider the former reserve currency of the world: the pound sterling.  Called so because the currency in England literally was a pound of silver sterling.  It still exists today but like the dollar, it's no longer redeemable for silver.  Like all political money today, it is debt-based fiat created from nothing.  

The demise of the dollar is inevitable.  Study the history of money.  The question is how much longer will the United States government maintain its "exorbitant privilege"?  It could be 10, 20, 30 more years.  No one actually knows but you should be planning for a move back to sound money.

Gold existed as sound money for over 5000 years before bankers replaced gold holdings with IOU's.  We are likely to go back to a monetary system that is backed by a commodity like a gold but gold has proven to be corruptible by the banking elites.  This is because at the international level, huge amounts of gold is too expensive to protect, audit, and move.  

Enter Bitcoin.  The world’s first and only working answer to a trustless monetary system with no rulers. As Jeff Booth eloquently points out in his book The Price of Tomorrow and I’m going to paraphrase: the solution to a broken system cannot be created within the same broken system.  The solution must be created outside of the existing system.

Bitcoin exists outside of the current legacy financial system.  Bitcoin solves the problem created by debt-based money but in a different way than Whole Life.  While Whole Life policies create a system of money with guaranteed access and guaranteed results in the form of a unilateral contract backed by the full reserves of the life insurance company, the value of our IBC banking systems via Whole Life is denominated in fiat dollars which means the value of those dollars is trusted to the decisions of the Federal Reserve and its board of governors.  Though dollar denominated Whole Life policies can and have kept pace with a 2-4% inflation per year through the use of the Paid Up Addition’s rider and dividends reinvested back into the policy, there is the issue of store of value of maintaining generational value when the fiat monetary system erodes faster than 2-4% for a sustained period of time which is why I believe Bitcoin should supplement Whole Life cash values to further insulate against the continued planned debasement of the dollar.  

Historically all fiat currency values go to zero.  Bitcoin changes this because it introduces a rules based system with no rulers (no central bank, politicians, or CEO's) and Bitcoin has a finite supply that is always verifiable.  The value of all bitcoins cannot be devalued through dilution.  21 million is all there will ever be.  How many fiat dollars were created last year?  How many fiat dollars will be created next year? 5 years from now, 20 years from now and so on?  Nobody knows.

We can answer these questions with Bitcoin.  Bitcoin accomplishes the goal of sound money because the value of how much you own will be the same today as it will be at any point in the future.  A dollar from 1971 is not worth the same dollar in 2022.  One bitcoin will be one bitcoin 2052 or even 2152.  

Bitcoin offers a solution to credit based money that completely eliminates the government’s power to issue and therefore debase money over time.  Americans have the hardest time understanding this because we live in a world where the Dollar is currently king but citizens of other countries like Argentina, Venezuela, Nigeria, and Lebanon (to name just a few) know firsthand the debauchery of government issued money because they experience higher inflation rates (rapid debasement) with more regularity than we do in America.  It’s no wonder the adoption rate of Bitcoin is faster in those countries because it offers them a life raft to preserve their wealth.

Bitcoin is digital gold but so much more.  In world where we are conditioned to accept the prices must inflate in order for the system to work, we now have a technological breakthough that will be as important as the printing press was to breaking the monopoly the Catholic Church had over society 500 years ago.  Bitcoin is freedom mone and it has the power to break the government monopoly on money that exists today which has financed endless hot wars, cold wars, to the "wars" on poverty, drugs, terror, and coming soon... the war on information and free speech.  

To thrive and prosper as a sovereign individual, I invite to go down the rabbit hole with me on Whole Life and Bitcoin.  Follow me on Twitter here.  

Be mentally prepared that you will have to put in the work to eduate yourself about money.  There is a serious learning curve so those who cannot make the time to study and those who are unwilling to learn will see the value of their labor devalued by the current fiat monetary system purposely designed to steal their time (in the form of fiat money) and will be unable to do anything about it.

The terms "red pill" and "blue pill" refer to a choice between the willingness to learn a potentially unsettling or life-changing truth by taking the red pill or remaining in contented ignorance with the blue pill.

In The Matrix, the main character Neo is offered the choice between a red pill and a blue pill by rebel leader Morpheus. Morpheus says "You take the blue pill... the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill... you stay in Wonderland, and I show you how deep the rabbit hole goes." The red pill represents an uncertain future and, unknown to Neo at the time he takes it, the pill frees him from the enslaving control of the machine-generated dream world. The pill allows Neo to escape into the real world, where he lives in a pod and is being used as a battery - and finds that living the "truth of reality" is harsher and more difficult than living in the ignorance which the blue pill offers: continuing his life within the confined comfort, without want or fear, of the Matrix's simulated reality.

Neo chooses the red pill and joins the rebellion.

The choice is now yours.

To connect and get your questions answered, I invite you to book time with me here:  www.IBC.guru

Thank you,

John Montoya