Wall Street is a Casino and They Are Gambling with Your Money

Wall Street is a Casino and they are Gambling with Your Money 

Asset managers and the big banks on Wall Street speculate and make bets with other people's money. Not only do banks run their business like casinos, they actually own, operate and finance gambling establishments. 

Derivatives are unregulated bets and expose investors to unforeseen risk. Credit default swaps are derivatives that were in part blamed for our current economic recession, yet the gambling goes on. 

401(k) participants, mutual fund holders and retail investors are unknowing participants in the derivatives markets as asset managers speculate with currency derivatives, interest rate derivatives, credit derivatives and equity derivatives. The total derivatives market is estimated to be a QUADRILLION dollars.

Hypocritically, all of the major banks hold their Tier 1 capital, their most important asset, in permanent life insurance called BOLI. Even the FDIC recommends that banks hold their assets there. That's right, while the big banks and asset managers encourage you to gamble, they play it safe by owning cash-value life insurance. 

Why gamble with your money? Turn the tables on the Wall Street Fat Cats and take control of your finances. You can own a safe asset that provides you with protection, savings, growth and banking features.

Are you sick and tired of seeing the Wall Street mobsters gamble with your money? Are you ready to tell the big banks and Wall Street good bye? Discover how you can free yourself from the corrupt system where the odds are clearly stacked against you.

Request a meeting and learn how you can fire your banker. You can bypass the Wall Street Casinos and take back control of your financial future when you learn how to Become Your Own Banker. Follow this link: http://legacyinsuranceagency.com/infinitebanking/ibc-meeting 

Until next time,
Barry Page

Legacy Insurance Agency, PLLC
www.legacyinsuranceagency.com

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Barry Page, RFC 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.


Contact me today by following this link: http://legacyinsuranceagency.com/contact 

Enough to Make Your Blood BOIL! The TRUTH about Your 401k and IRA

It's enough to make your blood boil. Once you learn the truth about your 401k and other IRA Government Qualified Retirement Accounts, you'll want to reevaluate your financial plans.

Barry Dyke, author of "The Pirates of Manhattan - Highway To Serfdom", blows the top off Wall Street and the so called, "Government Regulators": http://economicwarrior.org/2012/08/14/author-unveils-americans-77-38-exposure-to-stocks-in-their-retirement-accounts-rampant-speculation-with-no-guarantees/

In this short video, Barry Dyke, discusses the severity of the rampant speculation problem on Wall Street with Allen McLellan of The American College. Dyke explains how your mutual funds in your retirement accounts are like rolling the dice at the casinos. Dyke says "The deck is stacked against the average investor and the government goes along with the scam.” http://www.thewealthchannel.com/videos/the-house-always-wins

Here are some notable lines from the book, The Pirates of Manhattan Highway To Serfdom, that put tax evasion in perspective:

"GE paid nothing in taxes in 2010-in fact the conglomerate claimed a $3.2 billion tax credit." 

"Andrea Mitchell the NBC chief foreign affairs correspondent for NBC in Washington is married to former Federal Reserve Chairman Alan Greenspan." 

"GE CEO Jeffrey Immelt is on the Board of Directors of the Federal Reserve Bank of New York along with Jamie Diamond CEO of J.P. Morgan Chase. Pres. Obama appointed Mr. Immelt to be his top outside economic advisor."

Bottom line, if you want create a real retirement plan, don't take advice from Uncle Sam and the Mega Banks. You're better off on your own, creating your own system for finance.

IF You want to know the health of your retirement plan, get a financial checkup and see where you stand. Follow this link to schedule a no cost, no obligation consultation: http://legacyinsuranceagency.com/financialanalysis.html

Until next time, get your financial house in order!
Barry Page
Legacy Insurance Agency, PLLC
www.legacyinsuranceagency.com

Shield Financial Consulting
www.shieldfinancial.com

Barry Page is recognized as a leading expert on 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 Southeast.

Becoming Your Own Banker

"Banking is the most important business in the world."
~R. Nelson Nash, Bestselling Author of Becoming Your Own Banker 

Learn what banks know. Discover the Infinite Banking Concept by attending an educational workshop with Nelson Nash, author of the bestselling book, Becoming Your Own Banker, in Ocean Springs, MS on September 15th-16th.  

You can register online for this once in a lifetime event here:  

Becoming Your Own Banker Workshop Registration

Nelson Nash

By utilizing the Infinite Banking Concept, one can in essence, create their own private banking system, never having to depend on traditional banks or the government for money or financing again. You can finance your cars, kids education, and even business equipment through your own bank.

Becoming Your Own Banker

To understand privatized banking one must first understand how money flows. Our money flows through our lives and throughout the world, just as water flows through our bodies and the oceans. The ability to control this flow of money is the key to understanding how to create a private bank.

Lifetime Bank - Privatized Banking from Legacy Insurance Agency

You can create your own system for financing all of your purchases over your lifetime, and then pass it on to your heirs and family.

Click the link below to register online now, seating is limited::
Becoming Your Own Banker Workshop Registration

This event will change your life, I hope to see you there.
Barry Page, RFC
Infinite Banking Coach

Another Day, Another Worthless Dollar

Another Day, Another Worthless Dollar

While most Americans are struggling to survive right now, the FAT CATs in Washington are busy spending our money. It never ceases to amaze me how few people really understand what's going on with our government.

I was just watching a little news while I enjoyed my frozen dinner (saving $), and a popular talk show host was commenting on the economy... PLEASE! Get a clue! Why do Americans put so much trust in the media? They invite so called financial analysts on the talk shows and ask them "tough questions" about our country's financial mess.

An article posted on U.S.News and World Report today was "How to Tell if You Have a Good 401(k) Plan" If we can't figure this one out, we're in a heap of trouble... The article touted good points such as getting a generous match by your employer, short wait times to get started, vesting and fees. Duh!!!

The article mentioned nothing about how Uncle Sam ultimately controls the 401(k) and how he can change the rules at his discretion. Or that ordinary citizens have lost Trillions in the market over the past several years. Or that the whole tax deferral hype is a bunch of CRAP!

For many people the 401(k) certainly offers them a way to save money. And, if you get a match, why not contribute up to that point, but not a penny more. But, if you have to risk your life savings in a volatile market with no guarantees... that's more than dangerous, it's insanity.

Why am I so tough on qualified retirement plans? Because I've seen families lose their entire life savings. And, I don't trust the government with the purse strings.

So, what's a person to do? Take control of your money, NOW! There's no other way to put it, take your money and run. I'm no market analyst and I don't have a crystal ball, but the writing is on the wall. The government is broke and they want your money. The stock market is as uncertain as it gets. So I'll ask you, why would you put your money in a 401(k)? If you know anyone who has ever gotten wealthy because of their 401(k), I'd like to meet them.

Recently, I attended the "Night of Clarity" in Nashville, Tennessee. This was a seminar about Austrian Economics and Privatized Banking. The event boasted an impressive list of Austrian Economists including Tom E. Woods, PhD, resident scholar at the Mises Institute and the author of the recent New York Times best-seller Meltdown; Paul A. Cleveland, PhD, adjunct scholar at the Mises Institute, Professor of Economics at Birmingham Southern College and author of several books; Tom DiLorenzo, Professor of Economics at Loyola College in Baltimore, MD, Senior Fellow at the Ludwig von Mises Institute; Robert M. Ebeling, PhD, Professor of Economics at Northwood University, past president of Foundation for Economic Education, and the Ludwig von Mises Professor of Economics at Hillsdale College; R. Nelson Nash, creator of the Infinite Banking Concept and author of the best-selling book, Becoming Your Own Banker; and the authors of the new book How Privatized Banking Really Works, Robert P. Murphy, PhD, Economist and adjunct scholar at the Mises Institute and L. Carlos Lara.

Robert Murphy, PhD and Barry Page, RFC in Nashville

In my humble opinion, EVERY AMERICAN should read the book, How Privatized Banking Really Works. This book will open your eyes to the LIES that have been forced on our country by the government. It will shed light on the Federal Reserve and our banking system. The book is easy to understand and offers references and documentation to all of the subject matter it covers. The best part is that if offers the solution to our monetary problems.

Once we understand the problem inherent in our current system, we can work towards solving the problem. In 1913, with the 16th Amendment, our government created the federal income tax, and later that year the Federal Reserve or central bank. This is suspicious all to itself, but we must understand that the power of these two entities is absolute. They control the money!

But, that's not enough... Politicians are spending your money like it's going out of style.. it is! Our dollars have become worthless because they are no longer backed by gold. The Fed is printing worthless dollars!

How can we change this picture? In their book, Lara and Murphy outline how we can take the power back in three easy steps:
1. Sound Money - link outstanding dollars to Gold. Inflation goes away.
2. Private Banking - the government monopoly will then be abolished.
3. Close the Central Bank - the size and expense of government and taxes decrease while business increases.

It couldn't get much simpler than that. I hope you'll take the time to further your knowledge of banking and money by reading this book. You may also want to visit http://www.mises.org/ to learn why Austrian Economics is superior to Keynesian Economics.

Until next time,
Barry

Barry Page, RFC 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 protects their savings, but also provide tax advantages.
His business is based in Ocean Springs, Mississippi and he services clients throughout the Southeast. He can be reached here: http://legacyinsuranceagency.com/contact.html