Controlling your wealth outside the banking system is more important than ever with Covid 19 being the pretext to confiscate wealth from those who don't obey or conform to ridiculous kangaroo laws...
I would like to share a post with an article from the gateway pundit, here is the link https://www.thegatewaypundit.com/2021/01/new-jersey-government-seizes-165000-atilis-gyms-bank-account-100-gyms-assets-crime-remaining-open-video/
For not "obeying" tyrannical Covid laws and opening up. This gym owner now has $165,000 in his bank account seized as well as 100% of his gym's assets by the Government. Leaving this gym owner on the brink of Bankruptcy and at the mercy of his governor's tyrannical covid 19 laws.
This is no joke the Bank act and forfeiture acts allow governments all over the world to seize assets and bank accounts as they see fit... They are using covid19 as a pretext and a justification to do so.
Instead of shedding light on these kangaroo laws, I choose to educate my readers into different asset classes that are much harder and quite impossible for the government to just "seize" at a moment's notice without force...
I promote crypto and bullion to no bitter end but being the Infinite Banker I would like to educate my readers on the benefits of literally creating your own banking system that the government legally cannot seize...Literally.
The Infinite Banking concept was made Famous to those who know about it by Nelson Nash "becoming your own Banker" which is easy enough to find in the pdf format on google...
The system is used by many rich individuals for literally generations to pass and accumulate wealth TAX FREE... Yes tax free because the asset we use predates the income tax act.
The asset we use is called a participating life insurance policy with max over funding and paid-up additions with the tax-free dividend received...
Within this "banking policy," one can accumulate wealth that surpasses inflation and in fact, it tracks interest rates to go up and down with them to stay ahead of inflation and retain and increase purchasing power as the years go on...
Wealth in this type of policy is known as "cash value" and you can take out policy loans against it to use to either take advantage of an opportunity such as crypto, stocks, real estate etc... You can also use it to take control of any debt you owe and control your debt. The benefit in controlling your debt cannot be understated...
Within this policy, you will pay policy loan interest but it's paid by the cash value in the policy and furthermore, the interest paid actually contributes to your Yearly Tax-free dividend making it bigger than it otherwise would have been... Think of it as your bank's profits... the more profitable your bank is the more dividends profits you shall receive.
The policy loan is also not considered debt since the policy loan is backed by the cash value, technically you don't have to pay it back if you don't want to, although it's recommended to do so at your convenience... leaving you in total control.
Any cash value within this tax-exempt policy is private, cannot be confiscated, and is available to you from day one in the form of a policy loan... Loans are tax-free and the tax-free dividends are considered "premium returns".
I know it sounds too good to be true but it isn't, I've been doing this for years and I love my policy because it gives me control over my wealth.
The interest you pay to the banks is gone forever, but within this banking system, you actually get the interest returned to you via the dividend since the interest paid goes to making your dividend bigger and giving you an uninterrupted compounding effect.
Uninterrupted compounding?
Yes, the cash value in the policy guaranteed to you and cannot be taken away at all. By using policy loans we actually leave our cash value in the policy to help make our dividend bigger, while we use the policy loan or aka the insurance companies money... to use as we will. Leaving our original money working for us to by more insurance and creating an even bigger dividend.
Also being a participating policy owner makes you an owner of the life company. Pretty cool eh?
Now I understand there is a lot of quick information in here but I am a licensed Financial ADVISOR that specializes in infinite banking because there is no asset out there that is even close to it. The only downside is it is in fiat currency... but that's okay since we can use policy loans to expand our portfolios and reduce risk in assets such as cryptocurrency because if we lose it all, we don't have to pay it back if we can't...
I have just scraped the surface of what these types of participating wholelife insurance policies can do for families and individuals.
The main reason is about control... never underestimate control of your own wealth, because other seek to control your wealth via the "great reset"
Please follow so you don't miss my next post on the actual policy illustration showing how much money you can earn passively YoY. And then we shall get into other assets and crypto charts and picks.
Follow me if you found this post valuable and to not miss my future work and if your Canadian and want to implement this system or learn more goto www.sheldonassad.com/infinite-banking/
