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Special Report – Secrets of Asset Protection
Section 1: The Current Landscape (Battlefield)
– Out of control lawsuits
– Bloated government with an ever-increasing appetite.
– Advancing Socialism
– Insane over-regulation
Section 2: Economic Slavery
– The Middle Class Treadmill
– Hidden inflation guarantees failure
– “Debt is good” – another lie
– Anesthetized Society
Section 3: Solutions
– Asset Protection for Current and Future Wealth
– Why a Bank may be the Worst Place For Your Money
– Set Up Your Own Virtual Bank Account
– Take Action
We live in a dangerous world. What you do not know can hurt you. The purpose of this report is to help you to better understand and protect yourself from the many dangers that threaten your economic survival.
The Current Landscape (Battlefield)
“America has degenerated into the most litigious society in the history of the World.”
There are now well over one million attorneys in our country – that’s 70% of the world’s attorney population, and Americans only comprise 5% of the world’s people! Our law schools are presently graduating over 40,000 attorneys a year.
For every 20 engineers, Japan only has one attorney. For every 2.5 attorneys, we have just one engineer. Is it any wonder we can’t find justice?
In 1993, the American Bar Association estimated there to be a 37% probability of the average American becoming involved in some form of legal action in any given year. This, of course, is very good news to the trial attorney who will charge you an average of $100/hr and up: and whether he wins or loses your case, he still gets paid!
What would you do if you were to be sued today?
Hire an attorney?
In many cases, having an attorney is worse than not having an attorney at all!
At an American Bar Association dinner in New York in 1978, U.S. Supreme Court Chief Justice Warren Burger, as the guest speaker, stated:
“Ninety percent of all trial attorneys in this country are incompetent.”
If you believe that an attorney can always better represent you than you can represent yourself, you have bought the attorney’s lie that, “The man that represents himself has a fool for a client.”
Did you believe that an attorney will always represent your best interests first?
“The Attorney is an Officer of the Court. His first duty is to the courts and the public, not to his client” 7 Corpus Juris Secundum, §4, pg. 802
Source: Economic Solutions, by Peter Kershaw, 1997
The American landscape today is filled with many dangers – any of which can spell financial disaster for you. Here are just a few of them:
a. Out of control lawsuits
b. Bloated government with an ever-increasing appetite
c. Advancing Socialism
d. Insane “over-regulation”
Out of Control Lawsuits
As noted in the opening quotation, lawsuits have now become so prevalent that you can no longer believe that you will not be affected. It is now a matter of “when” not “if” a lawsuit enters your life.
Bloated governments are expanding at an incredible pace and they never seem to have enough money. Their growing appetite and inefficiency causes them to need more and more tax revenue.
When they can’t tax any more, they begin “licensing” and “permitting” those things that are supposed to be our “rights” and they tack on another fee. When they get desperate they resort to outright confiscation of the people’s private property!
Advancing Socialist Philosophy
Another dangerous trend is the Advancing Socialist Philosophy. This is the philosophy of “government knows best”. This Advancing Socialist Philosophy punishes innovation and industry and rewards
laziness and non-productivity.
In 1848, Karl Heinrich Marx wrote the Communist Manifesto, which has since become the most widely read political pamphlet in the history of the world.
These are Nine Planks of the Manifesto [author’s comments in
1. Abolition of property in land and application of all rents of land to public purposes. [Property taxes are “rent”.]
2. A heavy progressive or graduating income tax. [Internal Revenue Code]
3. Abolition of all right of inheritance. [Estate and inheritance taxes]
4. Confiscation of the property of all emigrants and rebels. [Ashcroft’s Patriot Act: If you are designated a rebel “Enemy Combatant” you lose all constitutional rights.]
5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly. [Federal Reserve]
6. Centralization of the means of communication and transport in the hands of the State. [FCC, TSA, controlled media]
7. Extension of factories and instruments of production owned by the State, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal liability of all to labor. Establishment of industrial armies, especially for agriculture.
9. Free education for all children in public schools. [Our public schools no longer teach the Constitution and have virtually eliminated God from the classrooms.]
Source: Economic Solutions, Peter Kershaw, 1997
Many people will argue that most of these Planks are already in place!
What do you think?
Do you believe we live in a “free” country? Try and do something without a permit, license, or Social Security Number (read: Socialist Security Number).
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17
The immense explosion of laws, codes, ordinances, and regulations have created one the greatest threats to one’s assets and private property. The following quote from Ayn Rand’s novel says it well:
“Did you really think that we want those laws to be observed?” said Dr. Ferris. “We WANT them broken. You’d better get it straight that it’s not a bunch of boy scouts you’re up against – then you’ll know that this is not the age of beautiful gestures. We’re after power and we mean it. You fellows were piker’s, but we know the real trick, and you’d better get wise to it. There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals, one ‘makes’ them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens?
But just pass the kind of laws that can neither be observed nor enforced nor objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system,
Mr. Rearden, that’s the game, and once you understand it, you’ll be much easier to deal with.”
(Page 406 of Atlas Shrugged, Ayn Rand).
Consider another quote concerning the voluminous 6000 plus pages of the Internal Revenue Code that no one understands:
“Is it possible to ever learn the truth about income taxes, especially in light of all the confusion, if not blatant misinformation? Yes, you can, but not by trusting attorneys and accountants. These, after all, are highly compromised individuals – taxes are their very livelihood! Higher taxation and more tax
laws with ever-increasing complexity are to their advantage. Yet, even these tax “professionals” seldom have a clue as to how to properly interpret the tax laws. The results of a 1989 Money Magazine survey of 50 top “Professional Tax Preparers,” unequivocally demonstrates the utter ncomprehensibility of the income tax laws.
The fifty preparers were given the assignment of preparing tax returns for a fictitious American family. None of them arrived at even close to the same bottom line figure. In fact, discrepancies ranged anywhere from $12,539 to $35,813! Imagine the absurdity of trying to figure your own taxes correctly,
when even the “professionals” are incapable of doing so!” – Economic Solutions, Peter Kershaw, 1997
In fact a survey in 2003 showed that the IRS “help line” gave wrong answers to taxpayers questions 47% of the time!
In summary, we live in a dangerous world and the American landscape is fraught with land mines that are direct threats to your financial well being.
Americans, living in what is called the richest nation on earth, seem always to be short of money. Wives are working in unprecedented numbers, husbands hope for overtime hours to earn more, or take part-time jobs evenings and weekends, children look for odd jobs for spending money, the family debt climbs higher, and psychologists say one of the biggest causes of family quarrels and breakups is “arguments over money.” – Billions for the Bankers, Debt for the People, Pastor Sheldon Emry
What they don’t tell you is that, after inflation, taxes and debt payments…most people are worse off than when they started! They are simply taking one step forward and two steps back and they wonder why they never get ahead!
Consider this statistic from a recent government report:
At age 65, ninety-five out of one hundred people will be dependent in some way upon their family, their church, or the government. Four of them will be comfortable and only one will be rich.
Society has been so “anesthetized” by television and recreation that we don’t see our money being taken from us from right under our noses. Most people in America can tell you what episode of “Survivor” they saw last night but they can’t tell you the last time they read the united states Constitution or the Declaration of Independence! Did you know that our Founding Fathers revolted
over a 5% tax by the King of England? Yet today Americans pay as much as 50% in local, state and federal taxes!
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their
fathers conquered.” Thomas Jefferson
Because the Federal Reserve is privately owned by international banking families, and ‘creates’ our money by loaning it to our nation, it is mathematically impossible to ever repay the national debt. We are slowly and methodically progressing towards the day our nation goes bankrupt.
When this happens we will see the rapid drop in the value of the dollar. This will shatter our current economic condition and create the “mother of all depressions”.
For a sneak peak into our future do an Internet search on Argentina’s recent default on their national debt in 2002. When this happened the Argentine Peso lost over 60% of its value in less than six months! Unemployment soared to over 25% percent and the country went from being a thriving economy to a third world country.
“No currency has suffered a smaller loss from inflation since World War II than the German Mark. Yet even so, 71 percent of it’s value vanished between January 1, 1949, and the end of June 1995. The world reserve currency during this period, the U.S. Dollar, lost 84 percent of its value. This is a measure of the wealth that governments expropriated by exploiting their territorial monopolies
on legal tender.” From The Sovereign Individual, by James Dale Davidson and Lord William Rees-Mogg
The Federal Reserve, by attempting to regulate the economy with the expansion and contraction of credit, has created an economic environment that greatly magnifies our boom and bust cycle. The “boom” times are signified by greatly exaggerated prices like the stock market “bubble” of the nineties and the housing bubble of the years 2003 – 2005.
Combine these two major forces and it doesn’t take much to recognize that we are in for some very rough seas over the next 10 to 15 years. The place to be during these tumultuous times will be in precious metals. In times of economic uncertainty people will flock to gold and silver.
Gold and Silver have been real money since biblical times – long before “paper” money was created – and they will be here long after “paper money” returns to its intrinsic value which is nothing.
Here are some interesting quotes on gold:
“For more than two thousand years gold’s natural qualities made it man’s universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper.” Hans F. Sennholz
“If you don’t trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 – $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars?” Kenneth J. Gerbino
“Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.” William Rees-Mogg
“Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” Daniel Webster
“Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.” Gary North
“Gold is worshiped in all climates, without a single temple, and by all classes, without a single hypocrite.
Caleb C. Colton
How do you protect yourself and your assets in these treacherous times?
We believe that there are two critical steps that you must take to protect your financial future.
The first thing you must do is protect your current assets so they are insulated from these financial threats.
The second thing you must do is create additional sources of income that will help you weather the storms that comes your way.
Asset Protection for Current and Future Wealth Asset Protection is the act of positioning your assets in such a way that they are out of reach of predators, lawsuits and even government agencies. The key is to “control” your assets without actually “owning” them.
A good Asset Protection Plan is designed to make your assets difficult to discover or too expensive to pursue.
A good Asset Protection Plan is put into place before it is needed. In a sense, it is a type of insurance that will enable you to sleep well at night knowing that you are protected.
How do you “control” your assets without actually “owning” them?
First, let us define “asset”. An asset is anything of value that you want to preserve or protect against hostile third parties.
To protect your valued assets against these predators you must own your assets in an entity other than in your own name. There are many types of entities that you can choose from and here are just a few:
Limited Liability Companies (LLCs)
When you “control” the company you also control the checkbook. As the President or Manager of your company you make all the decisions on behalf of the company and benefit from all the assets of the company.
Corporations work well but are often difficult to maintain and, If you do not keep proper records, you can lose your personal liability protection.
General Partnerships are generally not effective in asset protection although Limited Partnerships offer some liability protection.
Limited Liability Companies are quickly replacing Limited Partnerships as Asset Protection vehicles.
Limited Liability Companies have become the premiere Asset Protection vehicle because of their superior asset protection features, their ease of operation, their low maintenance, and their relatively low cost.
A Trust is an effective Asset Protection vehicle but only if it is an irrevocable trust. This simply means that you give up control of the trust to an independent trustee.
An Unicorporated Business Trust Organization takes the limited liability features of a corporation and combines them with the “pass through” tax benefits of a partnership. It is literally the best of both worlds.
U.B.T.O.’s are flexible and simple to form and are much easier to maintain than other entities.
Internationally, the U.B.T.O. is the most common form of business entity in use.
The Unincorporated Business Trust Organization is now the entity of choice for individuals and businesses seeking the ultimate in privacy and asset protection.
You also have a much lower profile.
The Unicorporated Business Trust Organization is one of the ultimate asset protection and privacy tools!
With an Unincorporated Business Trust Organization Protecting Real Estate, Rental Property, Business Assets, and Financial Accounts with Multiple U.B.T.O.’s
The basic idea when using U.B.T.O.’s as an Asset Protection Strategy is to separate High Risk Assets (cars, businesses, rentals) from Low Risk Assets (bank accounts, stocks, bonds, mutual funds).
You can buy just about any kind of personal and real property in separate U.B.T.O. to maintain maximum privacy and asset protection.
You can also have your business assets, real estate, and equipment owned by a separate M.T. (or multiple U.B.T.O.’s) and then lease them back to your business.
Owning a Vehicle With An U.B.T.O.:
U.B.T.O.’s are a great privacy tool and are great for owning cars, heavy equipment, and recreational vehicles.
Imagine you are in an auto accident and you are sued. When the hostile party discovers that the owner of the vehicle is an U.B.T.O. (which has no other assets) and that you don’t own anything either (your assets are owned by other U.B.T.O.s) they give up or settle at a greatly reduced amount.
The more assets you have, the more U.B.T.O.s you may want to set up.
Why a Bank may be the worst place for Your Money:
Did you know that banks may be the worst place to keep your money?
Try this little experiment:
Pick up your Account Holder Agreement (if you don’t have one go pick one up from the bank) and read it. Here is what one from Wells Fargo states:
“The Bank may accept and act on any legal process that it believes is valid, whether served in person, by mail or by facsimile transmission, at any Bank location. Legal process includes, without limitation,
a levy, garnishment or attachment, tax levy or withholding order, injunction, restraining order, subpoena, search warrant, government agency request for information or forfeiture relating to your account.”
Does that make you sleep well at night? With the new, so-called “Patriot Laws” if you “look” suspicious you are at risk! (What does a suspicious person look like?)
It gets worse. You must first understand the monster called “fractional reserve banking” (which is the way our banks operate). *Fractional Reserve Banking means what it says. The banks only keep a fraction of the deposits on hand as reserves to cover any withdrawals.
Sounds innocent enough but let’s examine it further:
Banks only keep about $1 in reserves for every $10 in deposits. This means that if more than one out of every ten account holders were to appear at the same time at the bank to make a withdrawal,
THE MONEY WOULDN’T BE THERE!
Another way of looking at this is the fact that the banks have the ability to loan out $10 for every $1 they take in!
If you think Enron and WorldCom had crooked books, this makes them pale in comparison! Banks have the ability to create money out of thin air. If we tried that we would be thrown in prison for
What about the FDIC?
The Federal Deposit Insurance Corporation only has about 1/2 of 1% in reserves to cover insurance claims. The FDIC is nothing more than a “confidence” game.
What’s the solution?
One solution is to keep as little money as possible in your bank. Only use banks to cash your checks.
Never before in history has there been such a threat to your personal financial security than right now. Like the story of Noah’s Ark in the Old Testament, you must build your financial lifeboat before you need it. When the rains come it will already be too late.
Contact us for a Complimentary Consultation 312-298-9075 or by e-mail at firstname.lastname@example.org!
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