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Copyright © 2010 – 2011 Real Net Marketing, LLC. All Rights ReservedTABLE OF CONTENTS
BONUS #1: Private Banking Report (right click to download) BONUS #2: American Expatriation Guide (right click to download) BONUS #3: Asset Protection Audio Seminar Library
INTRODUCTIONBefore proceeding please watch the following 8 minute video:
http://jonathangullible.com/mmedia/PhilosophyOfLiberty-english_music.swf
The Need for Asset Protection & Privacy
Contents
Introduction
Out of control lawsuits
Bloated government with an ever-increasing appetite. Advancing Socialism
Insane over-regulation
The Middle Class Treadmill
Hidden inflation guarantees failure "Debt is good" - another lie
Anesthetized Society
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.
Section 1
"America has degenerated into the most litigious society in the world history. 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. As some of them like to facetiously say, "So many hosts, so few parasites." 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. 802Source: 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"
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 GovernmentBloated 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!
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.
"During recent centuries, many aspiring rulers have curried the common man's favor by promising them other men's property ---"The redistribution of wealth." They call themselves socialists, and they seek power through an evolutionary process. There are others who share their socialist views, but who wish to speed the process through revolution and terror. These are known as Communists.
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 Ten Planks of the Manifesto [author's comments in brackets]:
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 pretended 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. [Bureau of Land Management]
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country by a more equable distribution of population over the country.
10. Free education for all children in public schools.Source: Economic Solutions, Peter Kershaw, 1997
Many people will argue that most of these Planks are already in place! What do you think?
Insane "Over-Regulation"
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 pikers, 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?
“What's there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced nor objectively interpreted - and you create a nation of lawbreakers - 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 incomprehensibility 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!" - (source: 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!Read what Ronald Reagan had to say in 1984:
"The government has the nerve to tell the people of the country, 'You figure out how much you owe us, and we can't help you because our people don't understand it either; and if you make a mistake, we'll make you pay a penalty for making the mistake'."
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.Section 2
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." - (source: Billions for the Bankers,
Debt for the People, Pastor Sheldon Emry)
Have you ever wondered why you never seem to get ahead? One of the biggest lies is that the American Middle Class is "prospering". Do you ever feel like you are on the "Middle Class Treadmill"?
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 the U.S. 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 money by loaning it to the government, it is mathematically impossible to ever repay the national debt. The U.S. is slowly and methodically progressing towards the day that it goes bankrupt.
When this happens you will see the rapid drop in the value of the dollar. This will shatter the current economic condition and create the "mother of all depressions".For a sneak peak into the 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." (source: The Sovereign Individual, by James Dale Davidson and Lord William ReesMogg)
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.
Noted economist, Harry S. Dent, Jr. (The Great Boom Ahead and The Roaring 2000's) identified the huge impact that Baby Boomers have on the U.S. economy and predicts that, between the years 2006 and 2010, we may see the "greatest depression of all times". His reasoning? Because the retiring 80 million Baby Boomers, who influence the market based upon their spending (or non-spending) patterns, will begin to create a gigantic drag on the economy. This will happen because they will tend to produce less and start pulling their money out of their investments. They will be using this money to live and retire on. When there are 80 million sellers in the stock market it will be a painful time for those who are holding equities.
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). For discount prices on gold and silver bullion we recommend http://www.DailyGoldDeals.com.
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
"Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold."
James Grant
"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
"Were we to be directed from Washington when to sow and when to reap, we should soon want bread."
Thomas Jefferson
"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 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:
Corporations
Partnerships
Trusts
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.
A Trust is an effective Asset Protection vehicle but only if it is an irrevocable trust. Our Irrevocable Trust is an excellent asset protection & privacy tool.
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. The best state to organize an LLC is in the state of New Mexico.
In 1993 the state of New Mexico adopted some of the most powerful LLC legislation that has made New Mexico a premiere choice for those seeking privacy and asset protection.
An LLC 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. LLCs are flexible and simple to form and are much easier to maintain than other entities.
Internationally, the LLC is the most common form of business entity in use. It traces its roots to the German law of 1892, authorizing the Gesellschaft mit beschränker Haftung (GmbH). While LLCs were being discussed in law reviews in the 1950s, it was not until Wyoming adopted its LLC Act in 1977, that the entity found its way to the United States. Soon after, virtually every state adopted their own LLC legislation.
Limited liability companies are now the entity of choice for individuals and businesses seeking the ultimate in privacy and asset protection. Many Asset Protection Consultants promote Nevada Corporations at premium prices and high maintenance fees. What most of these promoters will not tell you is that the New Mexico LLC offers the same benefits at a fraction of the price. You also have a much lower profile. The New Mexico LLC is one of the ultimate asset protection and privacy tools!
In New Mexico, only the following information is required when filing the Articles of Organization:(1) the name of the company and the address of the principal office. (2) the name and address of the Registered Agent, and (3) the duration of the LLC, which can be limited or perpetual.
This state does not require the names of the owners therefore your name does not show up on the public records! The mailing address of the principal office can be anywhere in the world. There are also no annual fees nor reports. This means that changes in ownership are not public record. This is significant when compared to states like California that charge a minimum $800 annual franchise tax!
It is not necessary to live in New Mexico to set up your asset protection plan with a New Mexico Limited Liability Company.Protecting Real Estate, Rental Property, Business Assets, and Financial Accounts with Multiple LLC's
The basic idea when using LLC'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 protect the equity in your home, rentals, or business through a strategy called "equity stripping". Simply have your LLC record a "friendly" lien against the property in an amount up to and exceeding the value of the property (see our FAQ section for information on how to do this).
Your anonymous LLC will now hold a "mortgage" on your property thus eliminating the equity that a potential "hostile party" can go after. When you have neither assets nor equity (control without "ownership") you are essentially "judgment proof"! When an attorney or disgruntled party checks the public records and finds you own nothing they will most likely move on to an easier target.
You can buy just about any kind of personal and real property in separate LLCs to maintain maximum privacy and asset protection.You can also have your business assets, real estate, and equipment owned by a separate LLC (or multiple LLCs) and then lease them back to your business.
Owning a Vehicle With An LLC:
LLCs 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 LLC (which has no other assets) and that you don't own anything either (your assets are owned by other LLCs) they give up or settle at a greatly reduced amount.
Below is an example of how one might use multiple LLCs to achieve bullet proof asset protection:A husband and wife who own their own small business, their own home, a rental house, two cars, a boat, and an investment portfolio of stocks and bonds may set up a structure using multiple LLCs like this:
LLC #1: This LLC would own the two cars and boat (high risk assets)LLC #2: This LLC would own the rental house (another high risk asset)
LLC #3: This LLC would own all the assets of the business and lease them back to the business. It would also record liens up to the full market values (equity stripping) on the personal residence, the rental home, the automobiles and the boat. This LLC would also own the portfolio of stocks and bonds.
LLC #4: This LLC would own the business.Let us now examine what they have achieved:
First, the assets of their business are protected. If they are sued or go out of business, they still own the equipment through LLC #3 and can start a new business the very next day.
Their home and rental property would be protected because they would be "mortgaged" to the hilt with no equity to go after. In addition, their rental property would be owned by a separate LLC.
Their automobiles and boat are protected but, more importantly, their ownership is separated from the other assets. Prior to putting this asset protection structure in place they owned everything in their personal names and one simple car accident would have put ALL their assets at risk!
And lastly, their business would be set up as its own LLC.The more assets you have, the more LLC's you may want to set up.
NOTE: Do not order your LLC from an online "incorporation mill". They do not set up your LLC properly and they will not preserve your anonymity. In addition to protecting your anonymity, we provide you with our exclusive "Bullet Proof" Operating Agreements These proprietary Operating Agreements are written with specific language tailored to the privacy minded individual. Included in these Operating Agreements is specific language that can stop a creditor from attaching your assets even
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