Brace Yourself for Financial Armageddon

Brace Yourself for Financial Armageddon
How To Protect Your Family, Home and Future  

For the past year or so I've been relatively quiet compared to my emotions about the state of our financial markets. From my perspective I want to share with you what I know, but on the other hand I risk the chance of sounding negative. I can't stand aside quietly anymore, brace yourself for financial armageddon!

Ezekiel 33:6 - But if the watchman see the sword come, and blow not the trumpet, and the people be not warned; if the sword come, and take any person from among them, he is taken away in his iniquity; but his blood will I require at the watchman's hand.

The evidence is everywhere and even the media are getting nervous as the financial gurus predict economic collapse.

Jim Cramer, a former hedge fund manager and host of CNBC’s Mad Money, declared on Meet the Press with David Gregory, “I’m predicting bank runs in Spain and Italy within the next few weeks.  Without a coordinated policy, there is going to be financial anarchy in Europe and it's going to cause a slowdown worldwide, China and here.”

Even members of the Federal Reserve itself are speaking out. In a recent news story with Reuters, Richard Fisher, President of the Dallas Federal Reserve, said "We ... know that monetary policy is necessary but not sufficient to achieve full employment because it's also a function of fiscal policy. And there lies the problem."
http://www.reuters.com/article/2013/03/26/emirates-fed-fisher-bonds-idUSL5N0CI0F820130326 

Well known financial analysts who predicted the last crash are giving their warnings. Jim Rogers is prediciting a major crash ahead for U.S. investors. "I don't trust the data from any government, including the U.S.", Rogers said. "We know that governments lie to us. Everybody's printing money, but it cannot go on. This is all artificial."
http://moneymorning.com/ob-article/jim-rogers-major-crash-ahead.php?

Harry Dent Predicts Global Economic Crash in 2013 on CNBC. "We are primed for a crisis... It's not anything that should be unexpected." A market crash is coming in 2013 or 2014, Dent warned in an article in USA Today. “This will be a repeat of 2008-09, only bigger, when it finally hits... Get out of the way.” 

Peter Schiff has constantly reminded the public of dangers that lie ahead. Schiff also points out specific ways that they can profit from economic collapse by investing in gold and silver and has even written a book, Crash Proof.

Alex Jones says Financial Armageddon has already started. He warns us against the EU and IMF in this video: http://youtu.be/ho41rbmusko

Even others will profit from the major losses that others will take. George Soros is said to have made $1 Billion just since November betting against the Yen, according to Bloomberg. 

How will the chaos happening in Europe effect the United States? The Cyprus government has agreed to a bailout deal with international creditors. It will receive 10 Billion Euros, (about $13 Billion) from Troika lenders, a group comprised of the International Monetary Fund (IMF), the European Central Bank and the European Commission. 

European bailouts will mean American taxpayers will fund a major portion of them. The Federal Reserve provides 20% of the money for the IMF, and they are the entity that will lend the money. The bailout will be used to pay save the banks and the taxpayers will absorb the losses. 

Enough bad news, or shall we call it reality news, what can we do protect ourselves from loss? While taking this all in, think about your family and what is absolutely most important to you. If something bad happens, what do you want to happen? In order to survive, you need a plan.

Psalm 49:10 - For he seeth that wise men die, likewise the fool and the brutish person PERISH, and leave their wealth to others. 

What You Can Do Now To Protect Your Home and Future?

1. Have an Emergency Plan - The best thing is to have multiple plans, a plan B and C.  Do you have your relatives most recent contact information handy? Could you provide space or bunk with them in case of an emergency? Do you own a tent and sleeping bags if you had to rough it outside?  If the day comes and you have to leave for somewhere, where would that be?  You need to have an emergency plan.

2. Protect Your Valuables – Secure your home and always lock your doors and windows. Safeguard your valuables by being discreet and not leaving valuables in plain sight. Consider owning a gun for protection. 

3. Stockpile Food and Plant a Garden - Stock up on clean drinking water and essentials, including  non-perishable foods. In times of emergency you may find that water purification tablets come in handy. Food will become one of the most valuable commodities in existence in the event of an economic collapse.  If you do not have food you will not survive. Now is the time to buy seeds, before the mad rush. Take the time to prepare your soil and learn how to plant a vegetable garden. 

4. Remain Liquid and In Control of Your Money - You may be surprised that your money is not completely safe in the bank. It’s a good idea to keep an emergency fund close to home, preferably protected in a safe. You’ll want to spend less, save more, and curb investing in speculative products or buying anything that isn't necessary.

5. Spend Time With Your Family - Eat meals together as a family. Research shows that family meals produce positive kids. Pray Together. Our country was founded on faith and we need it now more than ever.

Saving money is what built this country. While the media and financial pundits will tell you that saving is a bad thing in tough times, and would suggest that "now" is the time to invest, having liquidity and access to capital when you need it will always put you in a favorable position. In uncertain times with markets and banks teetering on collapse, safety and liquidity are key to surviving.

You can protect your family and your wealth by creating a system of finance that is independent of traditional banking models. By utilizing a little known financial tool that out dates the Federal Reserve and the Internal Revenue Service, you can virtually become your own banker. This tool is called dividend paying, whole-life insurance. And, even though you may have been told by my the media and entertainers, parading as financial gurus, that whole-life insurance is a bad place to put your money... they are wrong!

Life insurance has survived depressions and recessions and has been around for centuries. While stock markets have remained volatile, owners of this centuries old financial tool have been able to rest easy and prosper. When properly administered, permanent life insurance from a mutual company, can be used to create your own family banking system that can live on for generations. You can learn more about family banking here: http://familybankbusiness.com

You may also want to consider keeping a portion of your portfolio in precious metals, not as an investment, but as a form of insurance. Historically, precious metals have served as a store of wealth and have long been prized as the only truly reliable hedge against inflation. As tangible commodities with intrinsic value, they offer distinct advantages over stocks, bonds and other paper assets. While the value of stocks can decline absolutely, precious metals such as gold, silver, palladium and platinum always retain a value, regardless of market conditions. Even when compared to other hard assets, such as real estate or fine works of art, precious metals 
compare favorably based on their high degree of liquidity and portability. Learn more about precious metals and how you can own them here: http://www.shieldfinancial.com 

In closing, I'm urging you to take the steps necessary to protect your family, home and future. Burying your head in the sand could result in the demise for your family. And, all that you have worked all of your life for could be gone. The government will not save you. Take action now!

Until next time,
Barry Page
Legacy Insurance Agency, PLLC
www.legacyinsuranceagency.com
Shield Financial Consulting
www.shieldfinancial.com 
Family Bank Business
www.familybankbusiness.com

Barry Page is recognized as a leading expert on finance, life insurance and private banking. He is a financial consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning. 

His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protects their savings, but also provide tax advantages. His business is based in Ocean Springs, Mississippi and he services clients throughout the United States.

Are You Tired of the Market Roller Coaster? Here's What To Do

Discover the Alternative To Traditional Investing

While the market goes up and goes down, you don't have to. You can get off of the roller coaster and discover the alternative to traditional investing.

There really is a better way... and it won't keep you up at night.

You’ve probably heard that life insurance is a bad investment. And, that you should buy the cheapest term insurance available. Well something else that you’ve probably heard is “you get what you pay for.”

YES! You can protect your hard earned money and build wealth using tried and true, dividend paying, life insurance.

While the investment firms and banks want you to believe that the stock market is the ONLY way to invest and make money, they too own life insurance.

BOLI is the name for Bank Owned Life Insurance, and if you'll do your research you'll find that all of the major banks own lots of it. As a matter of fact the FDIC (Federal Deposit Insurance Corporation) actually encourages banks to own life insurance: http://www.fdic.gov/news/news/financial/2004/fil12704.html

Total BOLI Assets (in billions)
Held by Bank Holding Companies in 2007
BHCS BY ASSET SIZE 2007 2006 Change
Over $10 billion $ 104.63 $ 88.59 18.1%
$1B - $10 billion $ 9.89 $ 9.55 3.6%
$500M - $1 billion $ 3.03 $ 2.86 4.5%
All $ 117.55 $ 101.00 16.4%
*Source: Michael White-MullinTBG BOLI Holdings Report - 2008 edition

BANKS THAT OWN BOLI State BOLI
Bank of America NC $ 13,883,173
Wachovia NC $ 12,874,000

JP Morgan Chase OH $ 7,181,000

Citibank NV $ 3,281,000
Regions Bank AL $ 1,253,146
Bancorp South MS $ 168,005
*Partial list compiled from: The Pirates of Manhattan

If permanent life insurance is such a bad investment, why do you think banks own so much? And, if you listen to who is saying “buy term” it’s usually the banks and Wall Street. Why? Because they are now selling term insurance and it is the MOST Profitable for them, and of course they want to sell you their mutual funds. Mutual fund managers rake in hundreds of millions of dollars every year, while you take the risk and whether or not they make money or not.

So, why do they tell you to "buy term and invest the difference", while they do just the opposite? Well, that's how they make their money, even if you LOSE... That's right, they make money even when they lose your money. They tell you to buy while the market is down, and to "dollar cost average", what a bunch of crap! Yet, they still won't you to bail them out!

Have you ever considered your what YOUR LIFE is worth to YOUR FAMILY? This is your Economic or Human Life Value. Winston Churchill said this about using life insurance to protect the economic value of a human life:
“If I had my way I would write the word insurance over the door of every house because I am convinced that for the sacrifices which are considerably small, families can be secured against catastrophes which would otherwise smash them up forever.”

The political commentator, humorist and international celebrity Will Rogers said this:
“A man who dies without adequate life insurance should have to come back and see the mess he created.” Rogers later died, in 1935, in a plane crash in Barrow, Alaska—and life insurance benefits were one of his estate’s largest and most important assets.

You too can enjoy the many benefits of life insurance while protecting your family. Here's a partial list of what life insurance can do for you:

• It takes care of your family if you die too soon.
• It takes care of you if you live too long.
• It is self-completing if you become permanently disabled.
• The waiver of premium guarantees the premiums are paid.
• It can have catastrophic benefits if you have cancer, heart attack or stroke, to help even if you don’t die.
• It can have terminal illness benefits that will pay when you are diagnosed, allowing you to put things in order before you die.
• It can provide long-term care benefits, drawing from your cash-value.

And, if that isn't enough to get your attention, then you may want to learn about the banking benefits of dividend paying, cash-value life insurance. The Infinite Banking Concept is a way to recapture the interest that you pay to others and put it back into your "bank". You can learn more and order the book Becoming Your Own Banker here: http://legacyinsuranceagency.com/byob

So, get off the roller coaster and stop risking your wealth. You don't have to get out of the market, but you may want to diversify with some safe alternatives like annuities and life insurance. Download a Free Report: http://legacyinsuranceagency.com/alternative

Until next time,
Barry page, RFC

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.
He has created a service that caters to families and business owners that are frustrated with the risks involved with the stock market, but still want competitive returns. His specialized knowledge and services help consumers find alternatives to traditional investing and the stock market that not only safely protect their savings, but also provide tax advantages.

His business is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html

How To Save with Your Life Insurance

Life Insurance Planning
It May Be Time to Reevaluate Your Policy

You can use life insurance to protect your family and save money in any economy. As the political landscape heats up headlines will abound. Unfortunately, many of these headlines will be of negative news. One recent headline from the Washington Post read “Inflation Climbs to 17-Year High.” So, you are paying more now for what it takes you to live on. Things like food, clothing and gas.

The good news is there is one thing that works as a hedge against inflation, Life Insurance. As a matter of fact, because of mortality rates increasing, the cost of life insurance has actually gone down in recent years. And, as you look for more effective ways to have your dollar last longer and work harder, permanent life insurance provides protection, savings and growth.

So, how can you save money with your life insurance? Well, first you need to evaluate your situation with a qualified life insurance agent to make sure your family's needs are covered. Second, if you currently have enough coverage, you may be able to get a better rate now than when you first applied. Third, there are more and better choices today and your current plan may be out of date.

Let's take a look at some specifics. According to LIMRA, a leading authority on life insurance research, over 68 million Americans have no life insurance and many that do, don't have enough. Some may look at this and say they don't have it because they can't afford it. Nothing could be further from the truth. Life insurance is more affordable than ever, and in many cases it's less than any regular bill every month. And, if you don't have it, your family will ultimately pay more. If you are having problems making ends meet, a qualified agent can help you find money that you are probably losing to fees, taxes and other unnecessary expenses.

Other important points of interest include financing, education, retirement and medical costs. When structured properly, life insurance can provide all of these added benefits in a single product. Proper coordination and integration is required here, so again you will want to seek competent advice.

The bottom line, life insurance provides multiple uses of your money. No other product can guarantee that what you want to happen will happen, regardless of what else happens with the economy, the weather and your health.

So, why not take the opportunity to speak with your life insurance agent today. Your family and charity are depending on you.

Enjoy life today and leave a legacy for tomorrow,
Barry Page
www.legacyinsuranceagency.com

Barry Page is a licensed, independent life insurance agent.
Learn more about life insurance here: http://legacyinsuranceagency.com/lifeinsurance.html