Get Your Money Out Of The Bank

Every evening I get an email from Lew Rockwell and they are eye opening.  I highly encourage you to subscribe on his web site at lewrockwell.com to get your daily dosage of what's actually happening in the world.  The email I received last night was in particular interesting to me given what I do for a living which is teach people about safe money solutions and how to implement the Infinite Banking Concept into their financial life.

At the bottom of the email is the link from Lew Rockwell which contains a list of banks here in America that have failed in the past 10 years.  The list is alarmingly long.  In short, your bank could be next and you'd never know it.

I know there is a great deal of faith placed in the money we deposit at our banks.  Unfortunately, this faith is misplaced and I want to you to be forewarned.  As I have written before, banks are highly insolvent institutions because of the fractional reserve banking system.  When over 10,000 banks failed during the Great Depression, there was a need for the government to step in and provide assurance that accounts would be protected from bank failure.  FDIC was created and it's done exactly what it was supposed to do: restore confidence.

But it's just a sticker of confidence.  Another depression will wipe out banks again and this time the FDIC along with it. The FDIC doesn't actually have enough assets to insure the repayment of all accounts in the event of another systemic bank failure like what occurred during the Great Depression.

If you are going to keep money domestically, the safest institutions to house your savings are with mutually held life insurance companies which are 100% solvent.  They survived the Great Depression as did their policyholders who had access to their money during this crisis.  The same cannot be said of those who kept their life savings at the bank.  Indeed, those who do not know their history are destined to repeat it.

If you have not heard of Bank on Yourself or the Infinite Banking Concept, I highly encourage you to do your own research.  You can create a safer financial system for your money without the sleepless nights others will experience when their bank fails and they discover that the FDIC sticker confidence was just an empty promise.

Click here for the link to Lew Rockwell's failed bank list.


John Montoya
JLM Wealth Strategies, Inc.
john@JLMws.com
(925) 386-6639 Office
Authorized Advisor-Bank on Yourself®
CA Life#0C42222

New Hampshire Man Lights Himself On Fire

If you watch the news daily, you might have a caught this story of the New Hampshire man who lit himself on fire.  Most likely, though, you didn't and for good reason.  Quiet folks, nothing to see, move along...

Here are two articles that report and analyze the what and why:

Simon Black: The Sovereign Man

SHFT.com

I liked the Gerald Celente quote used at the end of the Simon Black article.  So true.


You'll find portions of the letter the New Hampshire man wrote to explain his actions in the SHFT.com article.


John Montoya
JLM Wealth Strategies

The Seen & Unseen of Bank on Yourself/Infinite Banking Concept

You'll want to take the time to read the intro and all the discussion thread banter.  Very informative.

http://enjoyyourmoney.blogspot.com/2010/03/infinite-banking-and-bank-on-yourself.html

Reading articles like the above always remind me of the very first conversation I had with Nelson Nash.  He schooled me and I'll never forget it.  In particular, he told me I was majoring in the minors.  Basically getting caught up in all minute details and missing the bigger picture.  It's easy to get caught up in forensics and analysis of a policy but in the end he recommended returning to the WHY (control the flow of your money) and refer to the basics. He calls it the Seen and Unseen of IBC.

1. There is no safer place for money.  No FDIC insurance needed.  Life insurance companies are solvent.  They must have more capital reserves than liabilities at all times.
2. The money is liquid. Access your cash value for any reason, any time.
3. The money is tax-advantaged.  IRS approved section 7702a.

For the most part, these characteristics are the "seen".  It doesn't take much study to know this about a whole life policy.  The "unseen" is how utilizing this very specifically designed policy will move you from a position of being a saver/borrower to saver/borrower and banker.

Banking is the most important business in the world.  All other businesses will come and go, but the business of banking is eternal.  That's why Nelson will instruct people to have two paychecks in life.  One from their job/business and the other from their banking business.  If they maintain only their job/business, they've giving the banker the other paycheck they could be earning.

People get so upset about the fatcats on Wall Street and the banking industry, yet they fail to understand why the fatcats are there in the first place.  It's because we outsource our individual banking function (give up control of the flow of our money to them).  Wall Street banks will never teach us to control the flow of our money (Be our own banker).  Doing so would mean an end to easy money.

Nothing improves in this world until people change the way their think.  The biggest secret is that we are what we think about the most.  When it comes to your money, my hope is you start thinking like a banker.

John Montoya

JLM Wealth Strategies, Inc.

(925) 386-6639 Office

Authorized Advisor-Bank on Yourself®

Wall Street Journal Is Now Calling For World War III

It's sad that those that have the capability to reach a very wide audience don't know true history from the propaganda version taught in public schools and regurgitated in corporate media today.  Before my own self study and enlightenment, I actually believed all that I read, too.  There's a saying that only a fool agrees with everything.  Let's see if you agree with this one.  The Wall Street Journal had an article,"What This Country Needs Is A Good 5% CPI" by Brett Arends which I believe to be the epitome of the awful state of corporate owned media today.

Using government massaged statistics like Consumer Price Index (CPI), better known to those in the know as the Consumer Lie Index, as a yardstick is the first hint that you're about indoctrinated at the hands of the spin doctors working hard to make you believe everything is under control.

By far the grossest error in this article, however, is the notion that what we need to solve our economic malaise by going to war.  Apparently, Mr. Arends has been completely oblivious to the 10 year War on Terror and the fact that we have been fighting wars in Iraq and Afghanistan with another in Libya just getting started.  You'd think someone reporting the news would actually be to up speed on current events.  Perhaps these wars are not grand enough in scale though.  What we really need is World War III.

Eureka!!!

The answer to all our economic problems... War.

Wake up people.  Stop reading and watching mainstream news.  This is the garbage they (the powers that be) want you to believe and it starts with propaganda like this.  When all else fails, go to war.  Nevermind it hasn't worked in the past ten years.  What we need is more death, mayhem, destruction to get people feeling good about buying things they don't need, can't afford, and ultimately, that their neighbors care nothing about. 

War is Peace.  Peace is War.  Are you familiar with that Orwellian spin?  Apparently, who needs love when war cures all, even a bankrupt nation.  After all The Wall Street Journal says so. 

God help us if you believe such nonsense.


John Montoya
JLM Wealth Strategies

Public School Teachers Retirement Options:

403(b) vs. Private Retirement Plan.

Click to play. Audio will begin after 10 seconds.

An iUL is one insurance based solution for teachers.  The other is a participating Whole Life policy structured in a very similar manner.  A JLM advisor can help you determine which solution would be best for your situation.

Appointments can accommodated via online webinars from the comfort of your classroom or home.  Call (800) 208-6141 to request a free analysis or Click Here to request to be contacted.

 

John Montoya
JLM Wealth Strategies, Inc.
Life#0C42222