Showing posts with label 401k. Show all posts
Showing posts with label 401k. Show all posts

Saturday, October 17, 2020

4 Places For Money and Their Tax Consequences

 


In general, there are 4 places where money (assets) can be kept.  I'm going to leave out precious metals and cryptocurrency since the majority of people don't hold these assets, or if they do, it's an extremely small part of their net worth.


The most popular places people build wealth are:


Banks, Wall Street, Government (401k, IRA's), Life Insurance companies, and Real Estate so let's stick with these for the purposes of this discussion.


The 401k is under Uncle Sam’s control even when rolled over into an IRA.  Both are considered Qualified Retirement Accounts (QRP) --- that is, qualified with the government.  Rollovers (401k to IRA or IRA to IRA) don’t create a taxable event but eventually the government forces liquidations of these accounts thru Required Minimum Distributions at age 72.   


At the time of death, beneficiaries of 401k/IRA must withdraw all assets from an inherited IRA within 10 years following the death of the account holder according to the SECURE Act in December 2019.


Note: I  recommend looking at solutions that will help transition the account balance in an IRA rollover account to life insurance policies on your kids – or perhaps yourself if you might still be insurable - in order lower their future tax bill and also to create a multigenerational transfer of wealth.


Here's something to considering if you plan on doing a rollover from a 401k to an IRA (or IRA to IRA) to purchase an annuity:


With an annuity, the account balance equals the death benefit.  I mention this because the term death benefit in an annuity sometimes creates confusion for the public. Since an annuity is a contract with a life insurance company, the account balance upon on death is technically called a death benefit but there is no increase in the account value upon on passing like with a life insurance policy where cash values mushrooms and instantly becomes a much larger death benefit at the time of passing. (For example, a Whole Life policy pays a death benefit substantially larger than the cash value.)  

 

The life insurance death benefit does get included in your overall estate unless it’s in an Irrevocable Life Insurance Trust (ILIT) but the death benefit is income tax-free which makes it a superior distribution and transfer vehicle for beneficiaries.  A discussion on ILIT's will be important if your overall estate will in time exceed estate tax exemption.  In 2020, the estate tax exemption is $11.58 million for a single person.  Multiple this exemption by 2 for married couples.

 

Note:  If you've had a spouse that has passed, it's important for your advisor to know if you file IRS Form 706 at the time of his death to make an election to add his unused estate tax exemption to yours.

 

Let me know if this helps or if you have questions about your situation.  Here's my calendar to request a consultation:  www.IBC.guru

 

Thank you,

 

John Montoya






Friday, September 25, 2020

Five Reasons To Borrow From a Whole Life Policy instead of a Bank





Here are 5 of the best reasons to borrow from the insurance company against your Whole Life policy versus borrowing from a bank: 


* No application process. I ask for the money and I get it. I don't have to qualify...ever! 


* Instant liquidity of repayments. Every dollar I repay on my policy loan is instantly available to be borrowed again without application or qualification, as opposed to a bank loan where payments simply reduce the unpaid principal balance. 


*  Another huge reason for borrowing against your life insurance policy is the flexibility of the repayment plan.   This is especially important if you are business owner with cash flows that fluctuate monthly.  Re-pay policy loans based on your schedule, not the banks.  



* Privacy.  If you have kids to put through college, consider that your bank assets, and even your kid's 529 account, will account against them when qualifying for finanical aid.  You can pay the retail cost of college but wouldn't you rather get a discount?  Strategically placing money in life insurance contracts shields this money from prying eyes.  It also helps you in retirement because policy loans used for income are tax-free and won't bump you into a higher tax bracket.  Retirees with 401k distributions have to report taxable income that potentially reduces Social Security benefits.  Ouch!


* Uninterrupted compounding growth of your cash values.  Simply put, you continue to grow your wealth even when you take a policy loan to use somewhere else.  I call this "Dual Compounding".


Albert Einstein is noted for saying:

"Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it."


In summary, total control is in the hands of the policy owner.  You decide how much and when you pay back the loan.  For best results, don't "steal" (borrow without setting up a payment schedule) from yourself.  Maintain discipline.  Paying back your loan re-capitalizes the policy for future use.  


Let me know what questions you have about Infinite Banking.  You can find me here:  www.IBC.guru

You can also hear me talk about Infinite Banking on my podcast here:  www.TheFifthEdition.com


Thank you,


John Montoya




Tuesday, June 23, 2020

How Accountable To Your Wealth Are You?


"Only when the tide goes out do you discover who's been swimming naked."  - Warren Buffet

There has never been a better time to look at your finances then the present pandemic.


We've seen the market drop precipitously only to experience the best 50 day run in history.  Meanwhile, new unemployment numbers are in the millions and increasing each week.  The dichotomy of between what's happening on Wall Street and Main Street has arguably never been as stark as it is now. 


If you've been exposed in 2020 by a lack of liquidity (access to cash) and seen your overall net worth drop by greater than 15% in 30 day time frame, then now is the perfect time to rethink and reshape the foundation to your financial plan.  


There are critical elements this pandemic has exposed in the traditional financial model.  For the purpose of this article I'm going to focus on one area you probably give little thought to:


Your Savings Strategy


First...

What does your savings strategy look like?  


Do you save in a traditional bank?  Is your savings really an investment plan like a 401k?

These are important questions because whether you save your money in a bank or a government qualified retirement account, you've exposed your money to at least of 1 of the 3 main Wealth Destroyers that are eating away at your net worth.  

3 Wealth Destroyers


  1. Risk:  Can you lose money?
  2. Taxes:  How much of the growth do you keep?
  3. Inflation:  Are you staying ahead of the invisible tax that reduces your purchasing power?

(There's also a 4th Wealth Destroyer which I'll get to in a moment)

Second...

Does your savings strategy make you more accountable, more efficient, and more profitable?


Let me ask you in a different way so you can better understanding of what I mean.  


How much value do you place on cash? 


For most people, the value is very low.  


If you pay cash for large items, you likely don't save money on a planned schedule.  You simply save what's necessary for your next big purchase or emergency.  This is important because not having a systemized plan means you place very little value on your saved dollars.


Think of it this way, when you borrow money from a traditional bank, you pay interest.  If you save money, you expect to earn interest.  Yet, when you use your saved dollars, you don't put any value on that money but this is a HUGE MISTAKE because of the opportunity cost of paying with cash from your traditional accounts.


Remember, you either pay or earn interest.  Paying with cash means you give up the ability to earn interest on that cash forever, and this is true even if you are great at replenishing your savings account!

You save up, spend, and start all over.  Rinse, Repeat.  It looks like this:



Let's now plug a high early cash value (Infinite Banking) Whole Life policy into the equation and see how it holds up to the 3 previously mentioned Wealth Destroyers.  


  1. IBC Whole Life policies eliminate market risk,
  2. IBC Whole Life policies remove the taxes on the growth, use, and transfer of those dollars,
  3. Cash Values (and the future death benefit) are increasing at a pace that stays ahead of inflation,

and you have a Savings Strategy that incorporates an asset class that overcomes the 4th Wealth Destroyer:


The Constant Interruption of Growth


If you don't think this is important, ask yourself this:


How much money will pass through your checking/savings account in your lifetime never to be seen again? It's a large amount of money, am I right?!?  Wouldn't it make sense to allow that money to work for you all of your life rather than disappear forever?


When you use cash value to fund your lifestyle, pay for your kid's education, start or grow a business, or even prepare for retirement, you own an asset that you can use and re-use without interrupting the compounding curve of your saved dollars.



This is because cash values continue to grow on the full value even when there are loans taken.  You can't get uninterrupted growth with a traditonal bank account or 401k/IRA.


But to really make IBC work, you need to be accountable to your wealth!


A little discussed benefit to having an Infinite Banking Whole Life policy is how the use of this type of Savings Strategy makes you more accountable, efficient, and even more profitable than the traditional savings plan you currently use.  


People who don't understand how cash value life insurance works scoff at the notion of taking policy loans because they place little to no value on their saved dollars.  They don't know what they don't know...


Utilizing policy loans are critical to building your net worth because taking and repaying policy loans forces you to be accountable to your money, including when you use the cash values for investing.


On the point of using IBC for investing, my IBC Whole Life policies don't restrict me from making investments.  On the contrary, accessing the cash value via policy loans have made my investments more profitable by using leverage available in Whole Life policies to create two assets from the same dollar.


Here's the main point:



IBC forces you to replenish your wealth so that you never liquidate your savings without any intention of keeping it growing. 



If you are serious about accumulating wealth that can overcome all 4 Wealth Destroyers, it's imperative you evaluate your current savings strategy to be sure you setting the proper foundation for building wealth that can endure any financial storm.


And don't forget, just because a Whole Life policy is an unmanaged asset (it has guarantees and it can't lose money based on market whims), "practicing IBC" means you need to practice being accountable to the dollars you save!


Chances are you are already a good Saver.  You're just not saving in the best spot!


If you have questions about your current IBC plan or are looking to get started with IBC, you can connect with me here:  www.IBC.guru


Thank you,


John A. Montoya




Thursday, May 21, 2020

401k Employer Match - Food for Thought


"Any necessary change in your life will involve the way you think and your willingness to change the way you go about it." - Nelson Nash


I'm thinking about 401k's and the match some people receive from their employers and I wanted to share this thought with you.

If you stop to really think about it, the employer match to a 401k isn't "free".  It's certainly nice to think of it that way.

However, if you're thinking like a business owner, the truth is that is that match in a 401k plan is really part of the employee overall financial package.  It is part of your overall gross pay.

Some employers provide really great benefits and the trade-off is a lower salary.  It's no different with a 401k match.  The match is a benefit but ultimately it is part of your compensation package.

There is no free lunch.  Period.

Whether you choose to accept it is entirely up to you.

Think of it like a gift card.

Businesses love gift cards because many gift cards are never used.  Some get tossed without ever using the entire balance.  This is especially true with gift cards that may have an expiration date.  That's money the business can eventually re-purpose elsewhere.

When you don't opt to take advantage of the 401k match, that's part of your compensation package you're leaving on the table.

Just don't consider it free.  It's yours... if you want it.

The big question: is the match worth it?

Instinctively, yes....right?

If you understand and practice Infinite Banking, there's definitely more debate about the merit of the 401k match however.

After all, accepting the match means locking up your contributions until age 59.5.  That's money no longer in your control, prone to losses, 2-3% in 401k and mutual funds fees per year (smaller companies have the most excessive fees due to economies of scale), and ultimately a permanent tax lien upon withdrawal.

Also, that employer match potentially means you'll have more in your 401k account.

Great, you say but you will also have a higher probability of paying a larger % of taxes upon your withdrawal.  That match is essentially extra revenue for the IRS. 

(This is simply human nature to pursue self-interest, not conspiracy-- when Wall Street earns a guaranteed fee on every dollar you contribute for the life of the plan and the government is waiting to collect their portion, too, do you ever stop question their motive in recommending you be all-in on maxing out your 401k?)

Suddenly you begin to realize the match isn't really a 100% no brainer like conventional wisdom would want you to believe.

It's my experience that the prevailing convertional financial wisdom has a way of leading people into financial bondage instead.  This is what happens when society turns to government solutions instead of figuring things out on our own.

Government, banks, and Wall Street absolutely all have something to gain by your continued participation.  The wise consumer will look to protect their money from prying hands (fees and taxes) by looking at every dollar they save as their own personal property.

A 401k/IRA is bit of lobster trap if you ask me.  (Understatement of the year.)

If you decide there's no other choice than a 401k or IRA, it will be the best you can do.

But is it the only option?

Of course not.

IBC proves this because it is a private contract between two private entities, you and a mutual-based life insurance company (owned by you-the policyowner!).  When you capitalize your own pool of money within a dividend-paying Whole Life policy, you're actually choosing a tax-favored property that when used properly can help minimize taxation and grow wealth uninterrupted, even while you use the money elsewhere!

The more you learn about IBC the more you will actually be forced to think like a business owner.  Whether you run your own business or not, you must realize there are 2 businesses you should participate in.

The first business is currently what you do for income.  The other business should be the eternal business of banking.   You are already a bank consumer.  The difference is you shop at a bank you don't own or control.  Might as well understand how banking works so you can benefit from acquiring your own pool of money to build your wealth.

It's a pretty simple solution to life's biggest financial problem (the ability to save more than you spend) once you realize there is another option than a 401k.

Pop Quiz

1. How much money do you save each year?
2. How much do you spend on fixed expenses (car loans, rent/mortgages, taxes, vacations, tuition, etc) each year?

Are you saving more or spending more?

The average person spends 3.5x more than they save but they have been conditioned to focus on the smaller amount never realizing they have the ability to take control of the larger amount to create wealth.

Pick up a copy of Becoming Your Own Banker by Nelson Nash if you haven't already.  It is an essential starting point to guide you on a path of your own making, towards a financial lifestyle that you ultimately can control by eliminating the IRS, banks, and Wall Street from your life.


"Action is preceded by thinking.  Thinking is to deliberate beforehand over the future action and to reflect afterwards upon the past action.  Thinking and action are inseparable.  - Ludwig von Mises


Thank you,

John Montoya


Sunday, March 29, 2020

Infinite Banking for your Kids





How would you like to help prepare and secure your child’s financial future for all stages of their life including college and all the milestone that follow? 

Not ever having to worry about whether your child will be beholden to banks for massive student loans, crippling credit card debt, or any other type of bank debt?

Instead you could give your child the ultimate financial gift. 

Put them in driver’s seat so they can re-write the financial rules to escape the bank-controlled money system that plagues families from one generation to the next.

It’s the so-called “Rat Race” for a reason. 

But it doesn’t have to be your child’s financial destiny. 

The truth is our kids are destined to follow the same financial path we do. 

If you borrow money from a bank from one car purchase to the next, finance your home from mortgage to the next, contribute to a 401k plan praying the stock market can consistently perform so you can finally retire (March 2020 has seen the market crash 25% because of the Covid19 crisis!), I’m going to tell you something that deep down you probably already know. 



You’re saving money in the wrong place! 



Worse yet, your kids will adopt the same or similar money habits from you when they become adults.
Undoubtably, you're a proud parent who wants the best for your kids.  Why pass on a lifetime of financial insecurity?

The challenge Middle Class America has is not knowing what we can do differently for our kids instead of the traditional options… like bank savings accounts and 529 Accounts.  These savings options are mediocre at best.

The big question is: how can you give your child the best head start in life so they can avoid repeating the same financial blunders you've made?  Yes, you!  We all have to own our mistakes in life so let's keep it real.

What I’m going to share with you will help you give your child access to a tax-free reservoir of wealth they can use over and over and over again…at any point in life! 

Not only can it help pay for college but for ALL THE MILESTONES in their life. 

From buying their first car, their first home, start or buy a business, the opportunities they'll be able to take advantage of is unlimited.  That's the power of IBC.  It puts those who implement the strategy in the position to be "Master & Commander" (great movie by the way) of their financial ship!

And IBC will even be there to providing TAX-FREE income in retirement, too.

It’s been called “the Swiss Army Knife of Financial Planning” because of all its uses. 

I’ve even heard the Infinite Banking Concept® referred to as “the black box secret for the ultra-wealthy” because affluent families use it TO HAVE ACCESS to cash reserves WHENEVER NEEDED and FOR ANY PURPOSE.  Plus money kept in these accounts allow families to transfer wealth from one generation to the next.


It's the ultimate wealth building secret



And for kids, the power of time and uninterrupted compounding growth is the perfect recipe to help them navigate their entire financial life. 

I call it the “Junior Estate Builder” and this plan is so simple you’ll be surprised to learn it’s worked for over 150+ years secured by the safest financial industry in the world.

It’s where I put my kid’s savings because I know it will be there for every big event in their life and I invite you to do the same for your children.

In the next few minutes I’m going to share how you can give your child the best financial tool to navigate their life. 
  
This simple, proven financial strategy is so flexible it can be used for any purpose no questions asked. 

Imagine your child having a place to grow wealth without ever experiencing market losses and economic downturns, political uncertainty and social upheaval, or any global event that cut an asset in half without warning.  


With the Junior Estate Builder, every year is a good year




I know it sounds too good to be true but it does exist and it's even written into the IRS tax code.  It just happens to have the worse name ever which is why I choose to call it the "Junior Estate Builder".

With this strategy, your child will no longer be beholden to banks for loans.  No more worrying about getting dinged on their FICO scores, and having to verify income or employment will be a thing of the past.

I can tell you it’s such a peaceful existence to never having to deal with bank loans, high interest rates, and onerous fees. 

Then consider what your child will do for retirement.  401k plans were never meant to be the primary source for income in retirement.  They are fundamentally flawed plans.  Think about it.

Money in a 401k plan is tied up for decades.  Early access is penalized and taxed.  

The only option for growth comes with risky and complicated market-based options with many hidden fees.  In truth, these plans serve Wall Street and the government better than they will for your child. 

Wall Street locks in the revenue for decades with no performance guarantees in return, then the IRS takes a sizeable portion in taxes every year for life. 

Is this really a good plan?  Is it really the best you can do?

It only seems that way if it's all you know!

Well, most parents only know about 529 Accounts too, and like 401k plans, these are severely flawed as well.  

529 Accounts put money at risk like 401k plans, can be used for only college expenses, and once spent will never provide any additional value or benefit to your child... EVER!  

In short, 529 Accounts are a risky, single purpose strategy with no additional value past college. 

The greatest benefit to the Junior Estate Builder is how it can be used to help pay for college, but more importantly, it can be used as a private banking system to accumulate long-term wealth during your child's life.

Imagine a multi-use strategy where your kids can re-use the money over and over again to acquire assets like real estate, or start a business, or perhaps buy an existing business so they can be their own boss.

They can also use the money you save for them to finance all the cars they'll ever own, maybe even put their own kids (your grandkids!) thru college...

Ultimately, it will even provide tax-free income in retirement.

Remember when I mentioned that the Junior Estate Builder is the “Swiss Army Knife” of financial planning?  This is a versatile, flexible, and predictable money system unlike the traditional bank and Wall Street system that holds you captive with your own money.

The sad truth is that traditional financial planning amounts to life-long financial servitude to banks and Wall Street because those institutions control your largest assets.  Congress writes the laws and changes the rules all the time.

Does it make sense to be penalized for early access and eventually get taxed on every dollar withdrawn in 401k/IRA accounts?  These plans are designed more for our government's benefit (great source of annual revenue) and the average American accepts it blindly because “it’s what everybody does!”

And this bank/Wall Street monopolized money system keeps you from discovering the truth about this strategy which hides in plain sight waiting for you to discover it.

It's the secret traditional banks and Wall Street hope you never learn about.

And keeping you in the dark is the best way to ensure your child will learn the same money habits you have now which keep you and your kids tied to banks and Wall Street in perpuity.

This is the financial destiny your child will inherit from you but the strategy sessions I offer will help you and your child change the course of your financial future by getting your child started on a path that puts them in the financial driver’s seat during their lifetime.


As a parent I know you have the best intentions  




I have no doubt your intentions for your child are no different than my parents had for me.
They did what they thought was best for me as a child and most families still do something similar.

For me, it was one those passport savings account books that are now a relic of the past, especially with interest rates at 0% these days! 

Back when I was growing up interest rates were much higher than they are now, so it was pretty cool to see the money my savings account grow at 6-8% each year during the 80’s. 

My parents were dutiful savers and thankfully that discipline certainly rubbed off on me.

Problem is despite my parents work ethic and discipline to save as much as they could for me, they chose accounts that conditioned me at an early age to think of banks as trusted institutions.

The de facto place to always save money.  How was I to ever learn otherwise?  I have a feeling you can relate.

Unfortunately, I had no Rich Dad or wealthy uncle to help me learn about money.
 
For this reason I went to work in the financial services industry after college.  Fast forward 21 years and I’ve tried just about every financial vehicle that exists. 

And of the places I’ve put money, there has only been one strategy and asset class that has worked like clockwork each year.  

This strategy has given me access to money tax-free to deal with financial curve balls as well as financial opportunities (the ability to purchase multiple homes, rental properties, an apartment complex, precious metals, you name it), and do so without ever interrupting the foundational portion of my net worth.  


I stopped contributing after-tax money to mutual funds that left me susceptible to tax consequences each year, including years when I lost money in the market. 

No more maxing out my 401k’s/IRA’s where I was putting my money in financial prison for 3 to 4 decades. 

I even stopped directing money to my kids 529 Accounts.

The more I realized how beneficial this strategy was for me, the more I thought how I should be setting up my kids with the same strategy for when they come of age.

The traditional advice of using 529 Accounts just didn’t make much sense compared to the alternative I had discovered for myself back in 2007.

What really drove home the point for me was my experience as an advisor and seeing 529 College Savings Accounts take massive hits when the market corrected from 2007 to 2009.

It wasn’t just 401k retirement plans that suffered during the last big recession, kids with their 529 accounts, especially those about to go off to college suffered as well.  We are witnessing it now again with the Covid-19 pandemic.

My experience as an advisor also helped me learn the other downside to 529 Accounts which is that not every child goes on to college. 

Money in 529 accounts are taxed and penalized on the earnings if not used for educational purposes.  No such rules or restrictions on a Junior Estate Builder plan.

This was the icing on the cake for me.  No 529 Accounts.  Instead I would set my kids up what I now call the Junior Estate Builder.

I’d give my kids the freedom of choice and direction in life without ever being hamstrung by banks, Wall Street, or even Congress. 

The truth about money is this:


The only fix is taking matters into your hands  



You cannot continue to rely on banks, Wall Street and Congress created plans to create the future you desire.

You have to OWN AND CONTROL your future and you have to teach your kids how to OWN AND CONTROL their future as well.

The Junior Estate Builder gives you the ownership and control with your own “privatized banking system” and it's actually quite simple.

Through the use private dividend-paying Whole Life contracts structured for maximum cash values, I create and OWN the pool of money I use to finance my cars, homes, make investments, pay my taxes… and yes, even to supplement my future income in retirement TAX-FREE.   

All of it is accomplished without ever needing to finance (borrow money from a bank having to agree to their terms), relying on Wall Street roller coaster, or lock up money in lobster traps (401k/IRAs) Congress creates to capture tax revenue each year when I retire until the day I day.

Everything it does for me, it will also do for my kids who each have their own contracts.

Quite simply, the Junior Estate Builder will do for my kids more than any 529 Account could ever do AND do better than any 401k plan could do.

The freedom of this strategy is going to teach them how to be financially independent from banks and Wall Street so they can live the life they aspire to without the financial obstacles that handcuff Middle Class America.

Most importantly, with the power of compounding interest and youth, my kids and yours will have the benefit of time to make even small amounts today go an extraordinaryly long way tomorrow!

Each of my 3 kids have their own Junior Estate Builder.  It’s where I direct their savings and each year their accounts grow larger and larger, just like the adult versions I have for myself and my wife where between the two of us, we have 8 properly designed IBC® Whole Life contracts and counting.  Including my kids contracts, our family has 11 Infinite Banking designed Whole Life policies we direct money to each year.

Think of that for a moment.

Instead letting banks and Wall Street controlling our wealth, my family has total control of a growing pool of money every single year that we can use for any purpose.  

Two simple reasons why this works so well:

1. These are private placed contracts backed by mutually owned (shares are not traded publicly) life insurance institutions that have paid dividends for 150+ years consecutively, even thru the Great Depression. 

2.  These plans are an uncorrelated asset class meaning it has no connection whatsoever to the stock market so will never suffer a market drop.

In fact, unlike Wall Street,  these financial institutions put their own skin in the game by guaranteeing a minimum amount of growth each year no matter what happens in the economy. 

I have the ultimate peace of mind knowing the money I put away from my kids will always be there for them.

I especially love that my kids' financial plan is now all-inclusive for any direction they choose to go as adults. 

Imagine the financial freedom you could be giving your kids where they have the resources to own cars, buy a house, start or invest in a business without the need to ask a bank for financial assistance. 

Attending college is an important milestone but as a parent I really believe we need to look beyond transitioning our kids from high school to college. 

Let’s face it, these days it gets harder and harder to get ahead. 

One thing that often goes overlooked is that the better prepared our kids are to transition to adulthood, the less likely we will have to support them financially in their 20’s, even their 30’s.

You’ve probably heard college graduates are returning to live their parents more than ever these days.
Marriage, having kids, and buying their first homes are being delayed later and later these days.

The number one reason is because they don’t have the financial resources to step out on their own.   


And the results have been proven to work over and over and over again.

So you may be wondering, if this is so great, why haven’t I heard of the Junior Estate Builder?

Now in the financial services business you probably realize Wall Street and Banks will do anything to manage your money. 

They’ve monopolized  401k plans and 529 Accounts to the point all financial recommendations narrowly focus only on stock market-based portfolios. 

For Middle Class America, these are the choices talked about.

That’s the biggest reason why the Junior Estate Builder is the best financial secret hiding in plain sight.

It’s not a Bank and Wall Street created product or service.  Quite simply, they can’t, don’t, or won’t recommend it because it directs money outside of their control!  Remember, it's a very specific type of dividend-paying Whole Life policy.  Furthermore, it has to be structured just right to avoid becoming taxable later in life.

By now you should know when money is locked into 401k/IRA plans, that money becomes tied up for life! 

When the need for money arises, where must a family turn if they are prohibited from accessing their own the largest asset they own?

Middle Class America is forced to borrow money from banks, of course!  They refinance their home if possible or rack up sizeable credit card debt that will take years to pay off.

It’s a system designed with purpose to keep you on that Bank/Wall Street treadmill.

And unless you do something different for your kids, this treadmill is all your kids will likely ever know!

But it doesn’t have to be.

You now have a choice to take action.

You can take the next steps to help your kids avoid the same financial pitfalls.

I’ve made getting started so simple and easy for my clients, that way your kids don’t have to be another financial statistic who don’t have a rainy day fund or have enough to retire on when they are adults. 

The best part? 

You will know down to the dollar and year, how your child’s plan will perform, you will finally have the missing piece that moves your child’s financial life forward from one milestone to the next because they will have access to money tax-free when and where they need it. 



To setup the Junior Estate Builder system correctly, you must be able to do 3 things:



1.  You have to be able to think long-term.  This is not a get rich quick scheme.
Remember, saving for college is one milestone but your child will have many more milestones ahead of them.  Give them the resources to prosper at every stage of their life.

2.  You have to have the financial discipline to save money consistently.  $100 a month is the minimum.  If your budget allows for more, you can add more.

3.  Put the plan on auto-pilot.  It won’t require any luck, skill, or guesswork on your part to be successful because the contract is has guarantees, flexibility, and access to cash whenever it's needed.

If you can do these 3 simple things, you will ensure your child the ability to take advantage of any opportunity life presents them.

OR...you can continue doing what you’re currently doing for your kids hoping the plan works and in the case of 529 Accounts, hope it’s utilized for college. 

I have no doubt your kids will be grateful for any amount put away for their future. 

I know I was grateful for what my parents saved for me, but if you’re the type of parent that really wants to give your kids an edge financially, you owe it to your child to see how this plan can work for them.


Here is the next step to take:



Visit my calendar and request a strategy session here:  www.IBC.guru

Thank you,

John Montoya



Saturday, December 21, 2013

The Very Secret 770 Account That Sounds Too Good To Be True (But Isn't)

So about that "770 Account" you've been hearing about...


Before I get started on the 770 Account, I want to share with you another little money secret.  It's called a "401" account.  It has no guarantees except that you can and will lose money when the market tanks and eventually you will have to pay taxes on it whether you have a gain or not.

Still interested?


It gets even dicier. Your money in this 401 account is illiquid until after age 59.5 and you have to pay fees on the account (even hidden fees that you know nothing about) for life to Wall Street whether they make you money or not.

Can you guess what it is?!?


If you follow the mainstream financial media you likely have one of these 401k accounts.  You also buy term insurance thinking Whole Life is expensive and have been led to believe permanent life insurance is a waste of money.

Madison Avenue and Wall Street know that if you hear the same thing for long enough, you'll actually believe it's true. Those fat cats are pretty clever, aren't they?

In my honest opinion, only a unwitting person completely unaware of a better option would park their money with Uncle Sam and Wall Street in a retirement account lockbox called a 401k because one entity will tax you for life and the other will bleed your account dry while you take all the risk.
If that's appealing to you, please proceed with your regularly scheduled programming...

The only people getting wealthy from mutual funds & 401k's are the financiers on Wall Street!  


My apologies (sort of) for poking fun at the 401k which the majority of Americans use to fund their retirement.  My point in leading off with it is to point out that a "secret" financial strategy like the 770 Account isn't really much of a secret because it's actually been around for over 150 years.  Depending on how old you are, your grandparents probably had one!  They certainly didn't have a 401k and they were smart enough to not trust the banks.

One important difference between the 770 Account and the 401k account is that you're only familiar with the latter.


The 770 Account is the alternative retirement account that you either have never heard of it before or, if you have, chances are you are most likely misinformed or have yet to be properly educated about the strategy.  (The first giveaway is that you're calling it the 770 Account!)

I can pretty much guarantee you don't understand this proven wealth strategy because the life insurance industry doesn't even teach this strategy.  In fact, it's still so obscure that it's now being called the 770 Account by a newsletter putting a new spin on old registered trademark and people are none the wiser.

And if those in the life insurance industry don't know the in's and out's of this financial strategy (sadly,the majority of advisors use the wrong type of contract), I'm absolutely positive the traditional government approved Wall Street advisor knows next to nothing except what they might have heard about it in conversation from another person who might have only heard a short ad on the radio.  So for the lay person, knowledge about the 770 Account is even more obscure, if that's even possible...

The bottom line is this, the 770 Account is very much a secret if you call it by that name.  Lately I've been seeing videos on the internet for a secret investment that of course sounds too good to be true.  It's called the "770 Account" or "the Presidential Account" but it's best known as the Infinite Banking Concept® (or IBC for short) which is the original trademark and the trusted source behind this strategy.

For those that already think they know what the Infinite Banking Concept is about, I'm going to stop you in your tracks.  Infinite Banking is more than a Whole Life contract which is simply a product that combines a tax-favored savings component under IRS code 7702 (get it?) with a death benefit to boot.

Brace Yourself...


The 770 Account is BY FAR not too good to be true because it's actually safer, 100% liquid, and more predictable than any other type of wealth accumulating strategy that exists.

The Infinite Banking Concept® is the only strategy by which you can eliminate uncertainty (Wall Street), usury (bank financing), and taxes (the IRS) from your life forever.

What could be better than the 770 Account (Infinite Banking)?!?


Answer this riddle and you will know:  It's more powerful than God. It's more evil than the Devil. The poor have it. The rich need it. If you eat it you will die.   (Answer below.)

This is what the 770 Account visually looks like (click to enlarge):
Banking is a Proce$$

As an IBC Practitioner, I teach this strategy in my practice and I've seen the impact it has had in my clients lives.  The "770 Account" is the mother of all foundations for wealth building. Why? Because it can give birth to new investments without opportunity cost.  Your money is always working for you even when you deploy it somewhere else!

Educate yourself by doing your own research about the Infinite Banking Concept.


Don't believe the online jokers on message boards who know nothing about Whole Life contracts.  This includes the typical Wall Street advisor paid to sell you mutual funds or the lay person who only buys term because they've never learned how wealthy people accumulate tax-favored money in these accounts using very specific riders to turbo charge the cash values.

For a better understanding of how the 770 Account works, talk to an IBC Practitioner who can teach you the concept.  You can verify my affiliation with the Infinite Banking Institute by clicking here: http://www.infinitebanking.org/finder/   Best of all, you won't have to pay a monthly subscription to a newsletter for learning how you can benefit.

… the answer to that riddle: nothing.

And by the way, the most common lament I hear from people once they learn the truth about the 770 Account/IBC is that they wish they would have known about this decades ago.  (Just heard it again this morning from a 64 year old gentleman wanting to get started and is two years from retirement.  If this sounds similar to your situation, a different version of the 770 Account is your best bet.  Ask me about it.)

Do yourself a favor and get started today.  You'll thank yourself later (and your kids and grandkids will, too).
Screen Shot 2013-12-21 at 10.47.57 AM

Best,





John A. Montoya
JLM Wealth Strategies, Inc.
john@JLMws.com
(925) 386-6639 Office
Bank On Yourself™ Authorized Advisor
IBC Horiz-Med


Friday, December 13, 2013

Evolution in Teaching Math


Evolution in Teaching Math

Last week I purchased a burger at a fast food restaurant for $1.58. The counter girl took my $2 and I was digging for my change when I pulled 8 cents from my pocket and gave it to her. She stood there, holding the nickel and 3 pennies, while looking at the screen on her register.

I sensed her discomfort and tried to tell her to just give me two quarters, but she hailed the manager for help. While he tried to explain the transaction to her, she stood there and cried.

Why do I tell you this? Because of the evolution in teaching Math since the 1950s:

Teaching Math in 1950s
A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit?

Teaching Math in 1960s
A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80. What is his profit?

Teaching Math in1970s
A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit?

Teaching Math in 1980s
A logger sells a truckload of lumber for $100. His cost of production is $80 and his profit is $20. Your assignment: Underline the number 20.

Teaching Math in 1990s
A logger cuts down a beautiful forest because he is selfish and inconsiderate and cares nothing for the habitat of animals or the preservation of our woodlands. He does this so he can make a profit of $20.
What do you think of this way of making a living?

Topic for class participation after answering the question: “How did the birds and squirrels feel as the logger cut down their homes?” (There are no wrong answers, and if you feel like crying, it's OK.)

Teaching Math in 2009
Un hachero vende una carretada de maderapara $100. El costo de la producciones es $80. Cuanto dinero ha hecho?

Teaching Math in 2013
Who cares, just steal the lumber from your rich neighbor's property. He won't have a gun to stop you, and it's OK anyway ‘cuz it's redistributing the wealth.

Source: Unknown

Monday, November 11, 2013

The Wizard of OZ – an allegory



The Wizard of OZ – an allegory
(author unknown)



An allegory (parable) is the expression of truths about human conduct and experience by means of symbolic fictional figures and actions.

Such was the movie The Wizard of Oz, an allegory of the state of affairs we now live in today — an allegory of the unfolding New World Order that was instituted in America via the stock-market crash of 1929 and the bankruptcy of the United States in 1933.

The setting of this allegory is in Kansas — the “heartland” of America; the geographical center of the U.S.A.

In came the twister — the whirling confusion of the Great Depression, the stock-market crash, the U.S. Bankruptcy, and the theft of America's gold — that whisked Dorothy and Toto up into the New Order of the World; an artificial new dimension “somewhere, over the rainbow,” above the solid ground of Kansas.

When they landed in Oz, Dorothy commented to her little dog Toto: “Toto? I have a feeling we're not in Kansas anymore . . .” Exactly!

After the bankruptcy of the United States, Kansas was no longer “Kansas” anymore, it is now “KS” — a two-capital-letter federal postal designation that is part of the “federal zone,” designated by the Zone ImProvement (ZIP) Code established by the bankrupt United States in 1933 — and Dorothy and Toto were now “in this state.” The terms: “in this state,” “this state,” and “state” are deceptively defined for tax jurisdiction purposes as the “District of Columbia,” a.k.a. the United States, Inc., or the corporate United States.

In the 1930s the all-capital-letter-written-name strawman — the newly created artificial “person” that has no brain and speaks and acts for its once-upon-a-time sovereign, you and me — was created while Americans were confused and distracted by the commotion caused by the introduction of the New World Order of communistic socialism, to figure out that they even had a strawman with which to contend. The scarecrow identified this strawman persona for Dorothy thusly: “Some people without brains do an awful lot of talking. Of course, I'm not bright about doing things.”



In his classic song, “If I Only Had A Brain,” the scarecrow/strawman succinctly augured, “I'd unravel every riddle, For every Individual, In trouble or in pain.”

Individual: a United States government Employee. (Title 5 USC §552(a)2). The Internal Revenue Code (IRC) and all state tax codes are in harmony with the above definition of “individual” by reference only. A corporation-of-one is an artificial person constructed by law; not a living, breathing man or woman. An “individual” is a public corporate persona existing only in the public (government) domain having been created by law, not by God.

The drafters of codes and laws take everyday common speech and give it arcane encrypted meanings that are generally unknown or unknowable to the uninitiated even after serious study.
Therefore, most folks are commercially, legally, and financially enslaved because of their ignorance of the true situation. Even knowing that “ignorance of the law is no excuse” they find themselves helpless, unarmed, and uninformed. [Upon close examination one can see a direct tie in with America’s secret establishment known as the Order of Skull & Bones, as it was brought about to bring down the united States of America, its members have penetrated just about every significant research, policy, opinion-making organization in the United States as well as many of the leading educational institutions. Also known as ‘the dumbing down’ of America. (If you had trouble reading the previous sentence blame your poor educational experience as a result of the influence of the Order of Skull & Bones and its members.)]

Translation: Once we discover that our strawman exists, and that we have co-signed for him [signing by accommodation], political and legal mysteries, complexities, and confusions are resolved. When we take title to our strawman (UCC1 financing statement), we protect ourselves from any liabilities that we might otherwise occur.

The tin-man, our Taxpayer-Identification-Number (TIN) man, is a hollow man of tin, a vessel, or vehicle; newly created code words for our strawman. [not being sexist here as one could say, ‘hollow woman of tin’ or ‘strawwoman’.]

Just as the strawman has no brain, the tin-man vessel/vehicle has no heart. Both are artificial persons. (person = persona = mask). [Learn up on the word, ‘person’]

Persons are divided by law into natural and artificial. Natural persons are persons created by God, and artificial persons are persons devised by human law for the purpose of governing them as “corporations-of-one” or bodies-politic.

The precise definition of the term “person” is therefore necessary to identify those to whom the 14th Amendment to the Constitution affords its protections and liabilities, since the 14th Amendment expressly applies to “persons.”

A strawman is a person with a fictitious name written in “legalese” — language foreign to the rules of English grammar. Flesh and blood men and women with names [titles] written in [hand] cursive, with initial-letters-only capitalized, are not “persons” even though they are referred to as natural persons at times.

It is as impossible for a person to be natural as it is for a man to be artificial. “Person” is a silent artificial construct hatched up by lawyers, to be used and controlled by lawyers’ encrypted “codes.”
One of the definitions of “tin” found in Webster's dictionary is “counterfeit.” The tin-man represents the mechanical and heartless aspect of commerce and commercial law. Just like they say in the Mafia, as they throw you overboard, you feet in concrete overshoes, “Nothing personal; [its] just business.”
The heartless tin-man carried an “axe,” a traditional symbol for God, and for modern commercial law, in most dominant civilizations, including fascist states. In the words of the tin-man, as he expressed relief after Dorothy had oiled his arm, “I've held that axe up for ages.” 



The word “ace” is etymologically related to the word “axe” and in a deck of cards the only card above the King is the Ace − God. One of the Axis Powers of World War II was a fascist state, Italy. The symbol for fascism is the “fasces,” a bundle of rods with an ax bound up in it with its blade sticking out.




The fasces may be found on the reverse of the American Mercury-head dime (the Roman deity Mercury was the God of Commerce) and on the wall behind and on each side of the Speaker's Podium in the United States Senate, each gold fasces being approximately six feet high. At the base of the Seal of the United States Senate are two fasces, crossed.

The lion in the story represents the “at-one-time” fearless American people as having lost their courage. And after a round with the IRS, in “defending” your T-I-N man, dummy corporation, vessel vehicle, individual employee, public corporation, all capital letters written name, artificial person, strawman, you'd lose your courage, too. You perhaps haven't known it, but the IRS has been dealing with you all along via your tin-man under the hidden laws of commerce. Just like the tin-man, “commerce” has no heart; it is heartless.

To find the Wizard, you have to “follow the yellow-brick road” (the gold-bar road.) Follow the trail of America's stolen gold and you'll find the thief who stole it. 



In the beginning of the movie, the Wizard's counterpart was the traveling mystic, “Professor Marvel” who Dorothy encountered when she ran away with Toto. His macabre shingle touted that he was “…acclaimed by The Crowned Heads of Europe, Past, Present, and Future.” Professor Marvel must have really been a Wizard to be acclaimed so by the future Crowned Heads of Europe, even before they were crowned!

Before the bankers stole America, they had long-since overpowered the Christian Kings and Queens of Europe and looted their kingdoms. Maybe “Professor Marvel” knew something about the future that other folks didn't know. With a human skull peering down from its painted perch above the door to his wagon, the professor lectured Dorothy about the priests of Isis and Osiris, the Pharaohs of Egypt, and the days of yore.

When Dorothy Gale and her new friends emerged from the forest, they were elated to see the Emerald City before them, only a short distance away. The Wicked Witch of the West, desperate for the ruby slippers that Dorothy was wearing, would have to make her move before our heroes arrived safely inside the Emerald City gates.

In the original book, The Wonderful Wizard of Oz, by Frank Baum, published 39 years before the movie came out in 1939, and three years before the crash, the slippers were not ruby-red, but silver. 

America still had its gold at that time, and the value of 1 oz. of gold was set at 15 oz. of silver; silver - then as now- being the more plentiful. Backed by gold, the currency of the day carried America to a position of pre-eminence throughout the world. But when the movie came out in 1939, the slippers were not silver, but ruby red.

Between the years 1916 and 1933, America's gold was absorbed by the private non-federal Federal Reserve and shipped off to the FED’s owners in Germany and England because the use of Federal Reserve Notes carried an interest penalty that could only be paid in gold. Our former currency, United States Notes, carried no such interest requirement, but such was the “bargain” that came with the New World Order of the non-federal Federal Reserve in 1913.

When the United States’ Bankruptcy was declared in 1933, Americans were forced to turn in (surrender) all their gold coin, gold bullion, and gold certificates by May 1st — “May Day” — the birthday of the Communism and the Illuminati in 1776, the year that the American Colonists declared their independence from the Crown.

Talking to people who were alive at that time, the general sentiment toward such “theft” in 1933 bordered on a second revolutionary war.

Maybe it was too much of a clue, or too much salt in their wounds, for Dorothy to be skipping down the golden yellow-brick-road in a pair of silver slippers. So, for whatever reason, a color less likely to provoke the people was selected.

With regard to the choice of ruby slippers — slippers colored red — one explanation is that on commercial documents and the like, red signifies private as opposed to public. Your new Social Security Card has a red serial number on the reverse. But no matter their color in the movie, the Wicked Witch of the West had big plans to get her hands on the precious slippers before Dorothy and crew could make it to Emerald City.

Her tactic was to drug them into unconsciousness by covering the countryside with poppy flowers, poppies — the source of heroin, opium, and morphine — and then waltz in and snatch the slippers. In other words, the best way to loot the gold was to dull the senses of the American people with a contrived crisis (the Great Depression.) And of course now we have illicit street drugs, heroin, cocaine, etc., and legal drugs such as Ridlin®, etc. and television, bogus media dishing out control propaganda, etc. …etc.

The poppy-drugs worked on Dorothy, the lion and Toto — the flesh-and-blood entities — but had no effect on the scarecrow or the tin-man — the artificial entities. The two cried out for help, and Glenda — the Good Witch of the North — answered their cries with a blanket of snow that nullified the narcotic effect of the poppies on Dorothy, Toto, and the lion.

As they all scampered toward the Emerald City — the city of green non-federal Federal Reserve Notes (the new fiat money - money by decree) — we hear the Munchkins singing the glories of the Wizard's Creation:
 “You're out of the woods, Your out of the dark, Your out of the night. Step into the sun, Step into the light, Keep straight ahead for the most glorious place on the face of the earth or the stars!” 

This jingle abounds with Illuminati/Luciferian metaphors regarding darkness and light.

The Wicked Witch of the West made her home in a round medieval Watchtower — ancient symbol of The Knights Templar of Freemasonry who are given to practicing witchcraft and are also credited to be the originators of modern banking, circa 1099 A.D. 



The Wicked Witch of the West was dressed in black, the color that symbolizes the planet Saturn, a sacred icon of The Knights Templar, and [interestingly] the “color of choice” of judges and priests for their robes.

Who was the Wicked Witch of the West? Remember, in the first part of the film her counterpart was Almira Gulch who, according to Auntie Em, “…owned half the county.” Miss Gulch alleged that Dorothy's dog, Toto, had bitten her. She came to the farm with an “Order from the Sheriff” demanding that they surrender Toto to her custody and control. Auntie Em was not immediately cooperative and answered Miss Gulch's allegations that Toto had bitten her, “He's really gentle -- with gentle people, that is.”

When Miss. Gulch challenged them to withhold Toto from her and “…go against the law,” dear old Auntie Em was relegated to “pushing the Party Line” for Big Brother government. Auntie Em dutifully succumbed to the pressure and counseled Dorothy, reluctantly, “We can't go against the law, Dorothy. I'm afraid poor Toto will have to go.”

When Dorothy refused to surrender Toto Miss Gulch lashed out: “If you don't hand over that dog I'll bring a suit that'll take your whole farm!”

Today >70% of all attorneys in the world reside in the West — in America to be exact — and =>95% of all law suites in the world are filed under the jurisdiction of the corporate United States. The Wicked Witch of the West and Miss Gulch symbolize Judges and Attorneys — primary agents for the transfer of all wealth in America from the people to the United States, the United Nations, and the international banks. [Study the word, “attorn(ey)”]

The American Bar Association is a branch of the Bar Council, under the Bar Association of England and Wales. (British Accreditation Registry) [Some believe it to be a religious association run by Esquires of the middle temple of the city of London – not as in London, England but a particular place in the city of London.] As the copyrighted property of a British Company, all states’ and United States Codes are private British owned Law, and all states’ and United States courts, state Bar Associations, and the “State of [name each of the 50 States],” go by and enforce private de facto British owned Law against Americans, operating as private foreign owned tribunals or administrative agencies doing business in the states under cover and color of [each of the 50 states’] Law. 

The Wicked Witch of the West wanted the ruby (silver) slippers (the precious metals) — and her counterpart, Miss. Gulch, wanted Toto, too. What does “toto” signify in attorney legalese? “Everything!” Miss Gulch wanted to take everything.

Dorothy and the gang fell for the Wizard's illusion in the beginning, but soon wised up and discovered the Wizard for what he was [is], a confidence man. When asked about helping the scarecrow/strawman, the Wizard cited — among other babblings about “getting a brain” and “universities” — the land of “E Pluribus Unum” (Latin for “One out of many”); converting many into one; meaning the New World Order.

Novus Ordo Seclorum” is the Latin phrase placed on the American one-dollar bill shortly after the bankruptcy of the U.S. Government was declared in 1933. The Wizard proudly revealed (confessed) that he was, “… Born and bred in the heart of the western wilderness - an old Kansas man myself.”
The bankers did quite well. And, as the Wizard said, they made a killing in the America west with the theft of America's gold, labor, and property from the “grateful and responsive rural folk” (a quoted phrase of John D. Rockefeller) who populated the country at that time.

When Dorothy asked Glenda, the Good Witch of the North for help in getting back to Kansas, Glenda replied, “You don't need to be helped; you've always had the power to go back to Kansas.” 

Translation: You've always had the right and power to re-claim your sovereignty; you just forgot your remedy; a UCC1 Form and Security Agreement sent to the Secretary of State and an Invoice and Bill of Exchange to the Secretary of the Treasury, which can be completed from scratch in a very short time.

Remedy: Remedy is the means by which the violation of a right is prevented, redressed, or compensated. Both remedy and rights include those remedial rights of self-help which are among the most important bodies of rights under the Universal Commercial Code (UCC). Remedial rights are rights an aggrieved party can resort to on his own. “Acceptance of Value” is our Remedy.

Americans have intimate firsthand knowledge of the heartless mechanics of the laws of commerce when strictly applied by the unregistered, foreign agents of the IRS.

The Internal Revenue Service is the collection agency for the private non-federal Federal Reserve and the International Monetary Fund. It was placed under the Uniform Commercial Code in 1954 and has been operating strictly in that realm ever since.

You may have wondered about the meaning behind the words, “The Wizard of Oz”? Look them up in the dictionary. Like almost everything else, the ruse is out there in the open for all to see, if you will look, and see.
One definition of Wizard is “a person of high professional skill or knowledge.” Oz is an abbreviation of “onza,” the Italian word for ounce (oz.) or ounces, the unit of measurement of gold and silver and other precious metals. No matter how large the quantity of gold or silver being discussed, the amount is always expressed in ounces rather than hundreds of tons of gold, it’s stated as so many million ounces of gold.

As the factual history of this country attests, “The Wizard of Oz” is the “Wizard of Ounces”, of silver and gold.

Everything worked out for Dorothy (the American people) in the end. In the end she “made it home” to Kansas and her friends.

Meaning: There's a remedy encoded, disguised, and camouflaged in law. The UCC has been cracked and there's a way home, just like in the movie. Like Dorothy said, “There's no place like home” — there's nothing like sovereignty for a sovereign!

Vice Admiralty courts are courts established in the Queen's possessions beyond the seas, with jurisdiction over maritime causes and those relating to “prize.” The United States is now a colony (a possession) of the English Crown, per a joint commercial venture agreement between the colonies (the United States) and the Crown, which brought the United States back under British ownership and rule, in 1933.

But the American people had a “standing in law” as sovereigns, independent of any connection to the United States and the Crown. This “standing in law” necessitated that the people be brought back under British rule, quietly and one at a time — but the Commercial Process of Redemption, through the UCC, will redeem us from this travesty.

All courts in America are Vice-Admiralty courts conducting the private foreign commerce of the Crown. But there is commercial remedy in Redemption-in-Law.

Will you continue to be conned by confidence men into worshiping the Wizard's light-show or will you look behind the veil?
# # #
…as found on, http://www.freedom-school.com/