[00:00:00] Intro: Welcome to Private Banking Strategies Podcast with Vance Low and Seth Hicks, your secret weapon to protect your assets and never have to start over financially again. Vance and Seth help high net worth individuals, families, business owners, and investors, structure and asset protected, tax-free fortress for their families.
[00:00:21] Intro: Learn how to keep what you earn and use the velocity of money to create your own private banking system. Join us on this journey. As we explore the secret strategies of the rich and political elite and help you take total control of your financial security now onto the show.
[00:00:44] Eric (Host): Hello and welcome to Private Banking Strategies with Vance Low and Seth Hicks. Gentlemen, it’s so good to be back with you. How are you?
[00:00:50] Vance Lowe: Doing great here. Absolutely wonderful. Yep. It’s just great to be back sometimes. I miss our conversations and I’m, I’m sure, happy that we can have an [00:01:00] opportunity to share a few thoughts and ideas with our listeners.
[00:01:04] Eric (Host): Yeah. And Vance, I, I know that you have been on vacation, right? Did you go someplace?
[00:01:09] Vance Lowe: Yeah, we did a 70th birthday annual reunion with my family. Oh, nice.
[00:01:16] Eric (Host): Nice. So
[00:01:18] Vance Lowe: everybody was disappointed when I told them I stopped counting birthdays after forty eight,
[00:01:24] Eric (Host): forty eight’s the number. Got it. Well, funny you should say that.
[00:01:27] Eric (Host): I turn 48 next month, so I Now I know that’s it. I’m done.
[00:01:32] Vance Lowe: Pretty soon you’ll be as old as me.
[00:01:35] Eric (Host): That’s right. Yeah. About a month. Yeah. Oh, that’s fun. Alright, so gentlemen, what are we talking about today?
[00:01:41] Seth Hicks Esq.: Well, Eric, we we’re gonna lay some foundation for asset protection, which is the first pillar of private banking strategies.
[00:01:49] Seth Hicks Esq.: Mm-hmm. We’re getting this question quite a bit from listeners and also from clients who want to implement. Asset protection for their cash and for their [00:02:00] real property and business assets. But first, let’s start with the cash aspect and we’re gonna ask ourselves the question of how you protect your cash and how do you, how do you keep that in a place which is totally liquid, but yet safe from confiscation or excessive taxation?
[00:02:20] Vance Lowe: Mm-hmm.
[00:02:20] Seth Hicks Esq.: Because the problem that we’re facing, I think, in our current culture. Is that we have an 800 pound gorilla running loose with two massive arms reaching for assets, and one arm is taxation and the other arm is confiscation, and the 800 pound gorilla is called. Government.
[00:02:40] Vance Lowe: Mm-hmm.
[00:02:41] Seth Hicks Esq.: So, and we’ve talked about this in prior episodes, but the, the model of Kinsey and Economics, which is a, a printing of money without any tie to value.
[00:02:55] Seth Hicks Esq.: We’re not on the gold standard and the silver standard tied to our money as, [00:03:00] as we’ve discussed previously. And we’ve got this monopoly printing of money that’s now over 30. Trillion dollars of US national debt. That’s, that’s growing by the second. Yeah. So where do we, where do we solve that problem? How do we satisfy that, that gorilla?
[00:03:19] Seth Hicks Esq.: That’s one of the questions we’re gonna be asking.
[00:03:22] Eric (Host): I’d like to avoid the gorilla. I don’t know. I don’t know if I wanna satisfy that gorilla. Uh, but I know that avoidance is, is kind of illegal when we’re talking, like tax and things like that. Right.
[00:03:33] Seth Hicks Esq.: Yeah, absolutely. And we’re not talking about illegal tax strategies.
[00:03:36] Seth Hicks Esq.: We’re talking about things that are completely legal and completely actually codified by the Internal Revenue Code in section 77 0 2, which we’ll get into a little bit further. As we drill down, but, and I agree with you, we we’re not looking to satisfy this gorilla. We’re looking to stay completely out of its path, and there will be folks [00:04:00] who are unprepared and unaware and think that some of the ideas we’re discussing are fantastic, and that they, they don’t really need to protect their cash.
[00:04:09] Seth Hicks Esq.: And I feel sorry for those people. Mm-hmm. But it’s actually quite easy to, to take steps to protect yourself.
[00:04:16] Vance Lowe: Let me just jump in here for a second. And one of the best ways to avoid tax taxes is not have taxable events. Mm-hmm. And inside the strategy, which, uh, we talk about and help set up for, for clients once principle is earned from outside sources.
[00:04:40] Vance Lowe: And the taxes are paid inside your own economic unit. Money can move and be put to work and not cause taxable events. So that’s one form of asset protection is helping [00:05:00] to not, uh, pile up a boat load of taxes.
[00:05:03] Eric (Host): Mm-hmm.
[00:05:05] Vance Lowe: So. Precisely. I thought I’d mentioned it. It’s, it’s. Yeah, that’s,
[00:05:11] Seth Hicks Esq.: go ahead. That’s, and that’s not tax tax avoidance.
[00:05:13] Seth Hicks Esq.: That’s just playing within the rules and the, and the benefits that the ultra wealthy and folks like John F. Kennedy and, uh, Ray Crock and Walt Disney and numerous other. Wildly successful entrepreneurs and high net worth individuals have used. They, they’ve, they’ve created this carve out and it, you’re smart to take advantage of it.
[00:05:37] Seth Hicks Esq.: So that’s all we’re doing, Eric. We’re not talking about breaking any law. Yeah. Well this, this is, this is the
[00:05:41] Eric (Host): conversation that I’ve had with my kids, right? Both of my kids are adults now. I call ’em kids still, but they’re adults. And they’ve both on separate occasions as we’ve been talking, they, they see the news that sensationalizes all sorts of things, but man, the rich don’t pay their fair share.
[00:05:56] Eric (Host): The, you know, the rich don’t, you know, they don’t pay the same kind of taxes we do. [00:06:00] They have all these loopholes just for them, and I, I have to remind them that, number one, any loophole that they’re using. It is placed there by the IRS, basically, right? It’s not that they’re breaking the law, and it may seem quote unquote unfair that they’re not paying their, again, quote unquote fair share.
[00:06:17] Eric (Host): But bottom line is that they know the strategies to use to pay as little tax as possible, and a lot of ’em have to do with their business and so on and so forth. So it’s not like they’re breaking the rules, they’re playing by the rules. It’s just rules that most people don’t have access to.
[00:06:33] Vance Lowe: Precisely, Eric, one of the things we, we also have to understand, in actuality, most of that I think is propaganda, you know?
[00:06:42] Vance Lowe: Oh, yes. By our government and, and whatever. But the high-end earner, uh, does pay the lion share mm-hmm. Of the taxes in the United States, they pay more in taxes than the, uh, blue collar or middle class Do. [00:07:00] Yep. Uh, as a, as a total, not as a percentage. Uh, as a percentage, they’re a little bit smarter and they do take advantage of everything they possibly can, uh, or government, uh, will take everything they’ve got.
[00:07:16] Seth Hicks Esq.: Yeah. And, and here’s a, here’s an interesting, uh, fact that I, that I’ll highlight. In the 2016 presidential election, there were debates between, uh, Trump and, and Hillary Clinton. And Hillary Clinton was. Uh, sounding a trumpet that says he doesn’t pay his taxes, Trump doesn’t pay any taxes, and, and Trump simply says, I don’t pay any taxes because I’m smart.
[00:07:41] Seth Hicks Esq.: And it’s completely legal. So we’re talking about using the laws that have been established for our, uh, betterment and for our, our benefit. And there’s no reason to not take advantage of those laws. And it’s like Vance says, you, you don’t incur a taxable event when [00:08:00] you set up, uh, the strategies that, that we’re gonna be discussing.
[00:08:04] Seth Hicks Esq.: So. Let’s, let’s talk about something that one of the arms of, of the 800 pound gorilla called confiscation and something that has been in the last decade, something that I think most people thought would never have, have come into their backyard. Baille ins. What, what is a baille in and what is a bail out?
[00:08:25] Seth Hicks Esq.: And, and what, how did they come about? Well, you may remember in the 2008 financial crisis where there was toxic mortgage debt, that there were some large financial institutions which were effectively insolvent, and the government declared them too big to fail, and so they used. The US taxpayer dollars to effectively rescue those companies.
[00:08:49] Seth Hicks Esq.: And it outraged taxpayers and they went, started banging their war drums and saying, we, you shouldn’t be using taxpayer dollars to bail out private financial institutions no matter [00:09:00] how big they are. And so Congress said, wonder. Let’s, let’s change the legislation and they called it the Dodd-Frank Act, which is Al also has the Consumer Protection Act in its name, which is, is funny because it does nothing to protect consumers, and that Dodd-Frank Act actually legalized what’s known as a bail inn.
[00:09:22] Seth Hicks Esq.: Yeah, with a bail in is, it’s where the money that’s deposited into a banking institution is, is actually, uh, able to be seized by the bank. If the bank determines that it’s insolvent and needs to. Uh, capture those deposits to balance its books so that it can stay solvent. And people think that’s, that’s, that’s not right.
[00:09:49] Seth Hicks Esq.: That’s absolutely, uh, thievery, and that’s exactly what it is. But that’s what the Dodd-Frank Act allows. It allows these banks to create. Banking contracts with you, which [00:10:00] you sign, you, you roll through 50 pages of paper when you open a bank account. Initial here, sign here. I don’t know who anybody who reads that.
[00:10:07] Seth Hicks Esq.: Do you? Mm-hmm. Do you read that, Eric? No. Just like the Apple update. It’s 152 pages. Sure. I accept it. Right. Who does? What else are you? Yeah. What else are you gonna do? Hire a lawyer to negotiate it. And you know, there’s, you don’t have an option if you want to open that bank account. You check yes, yes, yes.
[00:10:23] Seth Hicks Esq.: Accept and sign here. And when you do that, you’re effectively taking your deposits that you deposit in that bank and you’re agreeing that they’re actually the banks. Money now, and they have an IOU, which they, which they owe you. And if everything works out well, and then you’re, you’re able to pull cash out, you’re able to write checks on that and everything goes on just like it has for decades.
[00:10:49] Seth Hicks Esq.: But if that bank becomes insolvent and they’ve got to. Take depositors cash, you’re gonna get an IOU from that bank, and you’re either gonna get [00:11:00] stock or other effectively pennies on the dollar value for what your deposits were. And that’s what a bail in is. And you know, the next question that people say is, I’ve got insurance through the FDIC.
[00:11:14] Seth Hicks Esq.: Right? Have you heard that Vance? Oh, time and time again we’re brainwashed into it. And tell. Tell folks what the FDIC is and what it does for you and doesn’t do for you.
[00:11:27] Vance Lowe: It’s a government insurance program that protects every single account. I think it’s up to what, 250, $200,000 per account. That if the bank becomes insolvent, there is insurance to fund back that money into your account.
[00:11:48] Vance Lowe: Well, that’s what and why we all deposit monies in the bank because it’s safe or, or so you
[00:11:59] Eric (Host): [00:12:00] think so is, I mean, is do they, is it the full 250,000 or is that. Per account.
[00:12:08] Seth Hicks Esq.: Yeah. They’re, they’re supposedly insuring $250,000 per, per account at, at a banking institution. But, but here’s where you really need to, to pay a pay attention, because that’s, that’s an illusion for the unsuspecting.
[00:12:21] Seth Hicks Esq.: There’s about $17.4 trillion in cash deposits in US centralized banks according to CNBC Now. When you look at the FDA’s own published account accounting that they show you what they have in reserves, it’s, it’s a pittance compared to 17.4 trillion, like I think it was a hundred billion or less recently when the Harvard Economics professor did a study.
[00:12:49] Seth Hicks Esq.: That I was investigating, you got about 1.30 cents on every dollar, geez. Actually in reserves. So you’ve got this promise of, well, yeah, we’ll insure [00:13:00] $250,000 per account in each of these banks, but in reality they don’t have the money to to back that up. And if the government were going to try to bail out the FDIC.
[00:13:11] Seth Hicks Esq.: That would be happening in a, in an absolutely catastrophic type of situation. Catastrophic atmosphere. And it’s not, it, it, it won’t pencil, it won’t work. So your deposit’s in there, uh, it’s, it’s an illusion to think that they’re safe with FDIC insurance. They’re, they’re simply not.
[00:13:31] Vance Lowe: Hmm. Yeah, it’s a, it’s a complete and total fallacy that your assets in bank accounts now have actual insurance to back it up.
[00:13:43] Vance Lowe: Those, those funds and those assets are going to be lost. Another note I’d just like to mention now, and the only reason I’m gonna mention it right now, is I’ve. We’ve had an uptick in, uh, people reporting that my bank will [00:14:00] only let me pull out a maximum amount of $500 in cash at one time now.
[00:14:07] Eric (Host): Hmm.
[00:14:08] Vance Lowe: That is definitely a, a signal of, of tightening of, of not having those cash reserves because when you print money, those dollar bills are not being printed.
[00:14:22] Vance Lowe: And they do not have anywhere near the assets to pay all the depositors back. And if there’s a run, they’ve already made limits that we don’t have to give you this. We really don’t have to give you any of your assets in cash or honor accounts up to six months. Hmm. Well, they, they can take as long as six months.
[00:14:47] Vance Lowe: But what we’re hearing today, and I heard this, uh, over the last month at least four times, and I documented it of people telling me, Vince did, you know, I went in to get a little bit of cash [00:15:00] and I wanted a thousand dollars of cash, and they’re only giving me 500.
[00:15:06] Outro: Do you see yourself in that story? Do you feel like you are generating a lot of revenue but are not moving forward as fast as you would like? Are you ready for help? Please call private banking strategies at (817) 200-4777 or visit us at www.privatebankingstrategies.com.
[00:15:37] Eric (Host): So let me, let me ask you about the, the Bains, right? I mean, I, that’s kinda the first time I’ve heard of that, Seth. Um, is that just in the US or is that a, is that a global thing?
[00:15:48] Seth Hicks Esq.: It’s, it’s actually a, a worldwide policy that we’ve seen being implemented over the past decade or more. Now, for folks, they may or may [00:16:00] not be aware that it, it’s actually already occurred in other countries.
[00:16:04] Seth Hicks Esq.: Like in Cyprus. There was the Cyprus Bell in, in 2013, where depositors woke up on a Saturday. Their bank accounts had been frozen and anything over a hundred thousand dollars in these accounts was seized at 50%. So if you had a million bucks in the bank account, first a hundred thousand was yours, and then the other 900 was 50% was taken, and you, you actually got the other 50% and there’s still litigation going on for, to try to recover.
[00:16:33] Seth Hicks Esq.: Cash Assets Ireland. Their former finance minister, Michael Nunan, said, bail ends are now the, the rule. And in fact, all uh, 28 European Union countries have, uh, codified. Bail-in rules and bail-in laws. So it’s actually a worldwide policy and it, it, it begs some really interesting questions that I’m gonna pose to you.
[00:16:57] Seth Hicks Esq.: I’m not gonna answer them all, but we’re gonna pose to [00:17:00] you and the listeners so that they can go do some research and, and lay some dots out and see if the light bulbs come on. But I mean. Eric, we talked about this a little bit on, on the last show. You brought up the fact that Canadian citizens who had supported the trucker movement even mm-hmm.
[00:17:16] Seth Hicks Esq.: To the tune of a $10 donation, they had bank accounts frozen, and I don’t know if you followed any more of that. That news thread, but it’s effectively taking without any due process. Mm-hmm. A taking without any type of breaking of a law. It’s simply that you disagree with a minority, uh, dictator in place and.
[00:17:38] Seth Hicks Esq.: Yeah, that’s what we’re seeing. So to answer your question, it it’s a worldwide policy. It’s a global confiscation or a teeing up for global confiscation. I think the Cyprus wa uh, was a test run to see if they could get away with it, what people would do. And I think as fiat [00:18:00] currency continues to inflate and have less and less value, you’re gonna see this occur more and more.
[00:18:06] Eric (Host): Yeah. Yeah, absolutely. I, I mean, when you say that, I, I actually think we have some current things happening. I mean, that, that are even more current. I mean, the, the Canadian thing wasn’t that long ago, but I know that I’ve seen a lot of reports of very wealthy Russian like oligarchs, they’re yachts are being, you know, seized and, and held in, in different countries.
[00:18:28] Seth Hicks Esq.: We were talking about this before we started recording Vance and I, and we, where. Wherever in, in time have you seen without any type of formal charging or any type of, uh, due process where there’s actually, uh, a fair and just hearing that assets are just taken so you have. You know, billion dollar yacht sitting in a, a foreign sovereign country’s port, and they just seize it and, and take it because you’re, [00:19:00] uh, a Russian citizen and affiliated supposedly with Putin, how it’s more of just a accusatory confiscation, and I don’t think we’ve seen that in our lifetimes ever before.
[00:19:12] Eric (Host): Yeah. How do you, how do you verify, right? How do you verify that that’s somebody that has, that is close, ties to Putin and supports him and has whatever? I think it’s more of just a label, right? Oh, you’re rich and you’re Russian. Okay, well then I’m gonna take this and, and we’re gonna seize your property.
[00:19:27] Eric (Host): We’re gonna seize your house. I know that there was, I saw a, a large house that was seized and other people were put in it because I, I think Ukrainians and, and again, I have no problem with that if these people are supporting the war on the Ukrainians, but. Like you said, there was no due process there.
[00:19:42] Eric (Host): There was just an assumption. And if you’re rich and you’re Russian, and yeah, I’m gonna take your stuff because that’s the quote unquote fair thing, which I don’t know.
[00:19:53] Seth Hicks Esq.: And you wouldn’t think that in America that those type of occurrences would, would happen or that America would [00:20:00] be complicit in things such as the Dodd-Frank Act, where the deposits of citizens are actually the bank deposits, but they kind of hide that.
[00:20:09] Seth Hicks Esq.: And, and that’s what’s really shocking is that there’s, there’s this. What’s easily rat holed as Oh, conspiracy theory. Fringe, fantastic sensationalized news or, uh, it’s, it’s easy to pigeonhole, uh, those that don’t believe you as crazy or fantastic. And if you can convince other people that it, they’re crazy or fantastic, no one pays attention.
[00:20:35] Seth Hicks Esq.: And I remember when I have a friend who. Who told me, uh, this has been over a decade ago and we’re both into precious metals and we, it, um, and he was telling me the only thing with precious metals is that the government could pass, uh, a law and effectively confiscate metals. And I said, yeah, not in a free America.
[00:20:57] Seth Hicks Esq.: Never gonna happen. And he laughed and [00:21:00] he said, are you kidding? It’s, it’s already happened. FDR passed a law that required private citizens to turn in their gold at $20 an ounce, and then they magically made them $35 an ounce overnight. And if you didn’t, it was punishable with jail time. And there were people who went to jail and I, and I said, that didn’t happen.
[00:21:24] Seth Hicks Esq.: And so I, I looked it up and started researching it and sure enough, it was, it was shocking to me that in a free America. The government passed a law Anec or President pa, you know, had an executive order that confiscated gold. Did you know that Eric? I, I, I have never heard that before. No.
[00:21:44] Vance Lowe: Vance. Did you know that?
[00:21:45] Vance Lowe: Oh, yeah. Uh, I knew that had happened. Also, we have history of putting a group of people in concentration camps. In World War ii. Yep. Almost [00:22:00] all Japanese citizens in the United States were rounded up and taken to concentration camps. Yep. So our government does have some radical things. They do push them.
[00:22:12] Vance Lowe: We are being tested in every way and. It’s time that we either start our own economic situation or we do something to let government know in mass quantities that you know what you’re doing is, is gonna cease or you’re not gonna be there.
[00:22:34] Seth Hicks Esq.: Uh, so what we’re trying to do here for our audience is, is pop the bubble, the illusion bubble, that, that you’re completely safe in centralized banks with your cash, and that the government is always acting in your best interest.
[00:22:51] Seth Hicks Esq.: It’s simply not the case. And I, I said when we started out, I was gonna ask a few questions that I wasn’t gonna answer, but for those who want to go. Look for the answers. I, [00:23:00] I invite that, that drill down. And, and so we talked a little bit on our last podcast about the Federal Reserve, Eric, and we talked about the creation of the Federal Reserve in 1913 and also the the IRS implementing income tax in 1913.
[00:23:18] Seth Hicks Esq.: And that was no mistake that it happened in the same year. I’d ask the audience to. To think about and ask themselves, what is the Federal Reserve? Is it as the name suggest a part of our government? Or is it a a private entity? And who owns the Federal Reserve? If it’s not a government entity, why does it exist?
[00:23:38] Seth Hicks Esq.: And likewise, who owns the centralized banks where we deposit our. There’s also an International Monetary fund, which is an organization called the IMF, the acronym for International Monetary Fund, and it controls monetary policy throughout the globe. It was co-founded by John Maynard Keynes, who I, I, I learned [00:24:00] in my current research, to my surprise, was one of the co-founders.
[00:24:04] Seth Hicks Esq.: He’s, it’s also. He is also responsible for kensey and economics, which is, uh, the printing of money effectively, which we’re experiencing now. So when people begin to answer those questions about the Federal Reserve and centralized banks and the IMF, you’re, you’re gonna see a connection of dots that creates a more nefarious plan of control than most people have really ever considered or thought imaginable, decent centralized banks.
[00:24:33] Seth Hicks Esq.: They, they’re effectively cracking down on cash transactions, as Vance had mentioned, and they, you know, your bank effectively reports what they consider a suspicious deposit or a suspicious withdrawal. Why do you, why do you need $5,000 in cash? What’s your business? And those type of questions. If you’ve never been asked those.
[00:24:54] Seth Hicks Esq.: Try to go withdraw $15,000 in cash from your bank account or [00:25:00] open up a business account. And it’s this KYC protocol that’s been implemented. And the, the bank is effectively an agent of the government. And I don’t know if, if you’ve ever had that, that occurrence, but in, for example, in real estate development, if you’re paying some contractors by sub and you need.
[00:25:20] Seth Hicks Esq.: You need cash to pay them, and you’re pulling cash out of your, your bank account, you’ll, you’ll have a, a teller ask you questions. The manager will come over and ask you questions, and or if you make a deposit in cash, the same, same protocol, you gotta ask yourself why? I mean, is that not strange? Have you ever experienced that Eric?
[00:25:39] Seth Hicks Esq.: I
[00:25:39] Eric (Host): have not, and, and, and that’s, it’s, it’s a little bit bothersome. Not that I haven’t done it, but it’s, it’s bothersome that if they’re asking you, well, what’s your business? I’m gonna ask, well, why is it your business? You know, it’s, it’s, it should be none of their business. This is the money that I have in my account.
[00:25:55] Eric (Host): I’m not asking to take out extra. If I have 15 in there, I’m not saying, Hey, gimme 20. [00:26:00] Then they can ask me questions. But yeah, no, I’m not, I’m not too keen on that.
[00:26:04] Seth Hicks Esq.: Yeah, that, that would be called a loan, right? It’s, and that’s where it comes back to, this is my money or so. That’s right. We think it’s our, our money.
[00:26:12] Seth Hicks Esq.: But, uh, in effect they want to control, um. Your cash transactions and they want to control you. Um,
[00:26:22] Vance Lowe: guys, this is all part of what, what sometimes I term as the ostrich syndrome. We bear our, bury our heads in the sand, we think, and no matter how much we have talked about the Dodd-Frank Act ever since it was passed.
[00:26:40] Vance Lowe: Uh, people still believe the money in their bank accounts are owned by them, and that is not the case. The banks own that money and they feel they have the right to ask the questions. When you pull money out, hey, why are you taking our money back? [00:27:00] So Eric, that if, if you look at it that way, we can all see, I guess, if they really think it’s their money and not our money, they may be entitled to ask those questions, but this is all coming from higher up.
[00:27:16] Vance Lowe: They, they don’t know why in many, many cases why they have to ask these questions. They just know they have to ask them. If they get a belligerent answer or if they get a suspicious answer, they have to document it and report it. They actually have to do a report on $5,000 and above. Now. That you put, and if they’re not allowing that, I think just recently I had read where anything that’s suspicious can have a report written up on it coming out of your account.
[00:27:49] Eric (Host): Well, and and here’s the thing is I think that they have tried to normalize this by saying, you know, the, these are safety procedures. We wanna make sure somebody’s not getting scammed. And as much as I appreciate [00:28:00] stopping a. 85-year-old woman who maybe has shown some signs of dementia from pulling out $50,000 in cash to give to the pool.
[00:28:07] Eric (Host): Boy, I don’t think it’s their responsibility to check every possible transaction. It just doesn’t make much sense precisely,
[00:28:18] Seth Hicks Esq.: and it’s, it’s always in the name of what we’re doing it for. Your good. Right, we’re, it’s for your benefit. We’ve never lived in a society since the inception of our country that, that, that adhered to that we, we take responsibility for our, our own actions and, and family helps family and, and so I, I, it’s a great cover, but in reality it’s about control.
[00:28:41] Seth Hicks Esq.: And here’s an interesting fact as well, since the coronavirus. Planned Demic had ha has, has been, in the past couple of years, there’s been almost $4 trillion deposited in centralized banks. That that’s a massive increase in cash influx [00:29:00] into normal bank account deposits. And part of it has, is directly tied to the, the printing of money.
[00:29:07] Seth Hicks Esq.: Since we’ve started tracking this in the past year and a half, the, the national debt went from 26. Uh, trillion to over 30 trillion, and it, it’s increasing by the second, and it’s a rapid parabolic increase, uh, in, in deficit spending, and that’s also trickling down into cash that people have in their hands, and they don’t.
[00:29:32] Seth Hicks Esq.: Why do they put it in centralized bank accounts? Why? If you even had a suspicion that. Your funds were at risk and that they could be taken from you in bank insolvency, and there was an easy option for you, uh, to keep it safe. Why? Why wouldn’t you do that? Well, the reason is people just don’t know about it.
[00:29:52] Seth Hicks Esq.: Yeah. They just, they just don’t know about other options.
[00:29:56] Eric (Host): Well, I, we’re getting low on time here, guys, and I, I, I want to get this wrapped up, [00:30:00] but before we do, I know that this really. Is gonna be tying into the next podcast. So Seth, why don’t you lead us out and kind of, and, and tell us how this all wraps up today, and then how it’s gonna lead into the next podcast.
[00:30:12] Seth Hicks Esq.: Sure. Well, we’re gonna get into, uh, the, the fact that there is a better option to in place to store your cash in an asset protected, uh, structure. I mean, some people put, uh, money under their mattress. Some people put it in the ground if they don’t want. To trust a bank, and those are probably better than a centralized bank, frankly, in this current culture.
[00:30:33] Seth Hicks Esq.: But there’s a much better option. And so we’re gonna lay that out in the next episode and, and dig into to what that option is and how to protect your cash assets. And we’re also gonna talk about how to protect your, your real estate and other business assets through private banking strategies.
[00:30:51] Eric (Host): Alright, gentlemen, I, I appreciate your time today, Vance.
[00:30:53] Eric (Host): Any closing thoughts from you today?
[00:30:55] Vance Lowe: You know, I just, uh, want to try to keep as many people [00:31:00] alert to the situations that there are alternatives. You don’t have to just accept what’s coming down the pike. Yeah. And we hope we can contribute to that knowledge and I think that’s, you know, important for everybody to know.
[00:31:13] Eric (Host): Alright. And then my last question is this, Seth, if people want to hear more or find out more, you know, before they don’t wanna wait for that next podcast, I know they can go to the website, what’s, what’s the address for people to get
[00:31:24] Seth Hicks Esq.: there? It’s private banking strategies.com. Private banking strategies.com.
[00:31:32] Seth Hicks Esq.: And on the website you can give us your email and. In exchange for that, you can download a copy of our Red Pill book. We like to call it What’s What Banks Don’t Want You to Know and How You Can Protect Yourself. That’s a free book and you can also listen to it in audio form. We’ve also got a a, a.
[00:31:52] Seth Hicks Esq.: Resources page where we’ve got podcasts that we’ve produced on number of different topics that drill down on the seven [00:32:00] pillars of private banking strategies, and there’s blog posts. And the emails that we have are, are quite robust in describing various scenarios and circumstances where people can, uh, sink their teeth into private banking strategies as well.
[00:32:16] Seth Hicks Esq.: Eric.
[00:32:17] Eric (Host): Alright, perfect. Thank you guys so much for your time today and of course our last thank you goes to listening audience, we wouldn’t be here without you. Thank you so much for tuning in and listening to the Private Banking Strategies podcast with Vance Low and Seth Hicks. If you have not subscribed to the podcast yet, please click the subscribe now button below and.
[00:32:32] Eric (Host): This way when Vance and Seth come out with a new podcast, it’ll show up directly on your listening device. This makes it really easy to share these podcasts with your friends and family, and again, I’m gonna encourage you to do that just because this is a lot of information, a lot of education that these guys are providing, and there’s nothing better than people that are kind of in that similar situation or have those same concerns.
[00:32:50] Eric (Host): Striking up a conversation about what you’re learning on this podcast, so please share this. Again, thank you so much for listening today. For everyone at Private Banking Strategies, this is Eric Johnson reminding [00:33:00] you to live your best day every day, and we’ll see you next time.
[00:33:10] Outro: Did that story feel like it was about you? Do you feel you should be making more progress toward your financial goals? Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank? Please call private banking strategies at (817) 200-4777 or visit us at www.privatebankingstrategies.com.
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