[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.
[00:00:37] Seth Hicks Esq.: Hello and welcome to Private Banking Strategies Podcast with Vance Low and Seth Hicks Vance.
[00:00:43] Seth Hicks Esq.: How are you?
[00:00:44] Vance Lowe: I’m doing fantastic today.
[00:00:46] Seth Hicks Esq.: Awesome. Well, we’ve got a great topic that is incredibly relevant to people’s financial stability and security, and we’re gonna be talking about the national debt [00:01:00] and all time highs that we’ve hit, but more importantly, how we’re going to beat inflation and taxes with private banking strategies.
[00:01:10] Seth Hicks Esq.: Sound like a good topic?
[00:01:12] Vance Lowe: It really does and it’s gonna affect everybody. So let’s just get down into it.
[00:01:18] Seth Hicks Esq.: So Vance, I was on a call with a client and we were discussing inflation and I took a look at the National Debt Calculator, which uh, everybody can find on their own US debt clock.org. But what I realized was that.
[00:01:34] Seth Hicks Esq.: Over $2 trillion in national debt had piled on in just this year alone, and it topped over $36 trillion. It boggled my mind, frankly, and when we started tracking this six, seven years ago, we were in the low twenties. The national debt is just multiplying and snowballing faster than can be controlled, and it’s estimated that [00:02:00] it would take nearly 8 trillion in budget cuts just for the debt to stop growing faster than the economy.
[00:02:07] Seth Hicks Esq.: So the national debts growing much faster than the GDP and the economy, and that’s unsustainable, obviously. So we may have. Some good things happening with Trump in office in this next four year term. But with regards to the snowballing national debt, it’s gonna take some massive, massive efforts to cut that back.
[00:02:30] Seth Hicks Esq.: Now, one of the things that I realized, Vance, is that the national debt load is considered to be the biggest risk to financial stability and security of Americans in our country. Can you believe that?
[00:02:44] Vance Lowe: I believe it is. I mean, it’s been something that we’ve been concerned about all the time. We’ve gotta get people in in government that care right now, for at least the past decade or so, with the exception for four years [00:03:00] that Trump was in before.
[00:03:02] Vance Lowe: Our government has raped our country up to this point and they don’t care. And the reason I say that is that politically now that things are gonna change over and Trump’s gonna get back in, he won by an absolute landslide. I don’t think we’ve gotta go clear back to Reagan or maybe even before then to understand the, the popularity.
[00:03:25] Vance Lowe: Of the voice of the people for, for Trump, they’re tired of what’s going on and what’s happening and all the things that are going on in in government and totally unchecked and outta control. And to top all that off the. Billions and billions of dollars that have been pilfered, like the Ukraine situation.
[00:03:47] Vance Lowe: And Hunter Biden, I just got news that they’re going to pardon Hunter Biden.
[00:03:53] Seth Hicks Esq.: Wow.
[00:03:53] Vance Lowe: Of all crimes. And the kicker was that he had to do it by, I guess a president gets to, [00:04:00] to one person, so he chooses his son. And I guess the biggest reason is that Trump is replacing the FBI head of directors. And they don’t want a whole bunch of stuff to come out on Hunter and what they used him for.
[00:04:14] Vance Lowe: So they’re giving him a complete presidential pardon of all past crimes. Wow. So we got a lot that we gotta do here with our budget. It’s so hard to wrap your head around how much a trillion dollars really is
[00:04:30] Seth Hicks Esq.: right. The Wall Street Journal reported that it’s gonna be decades and decades and decades of American children and grandchildren paying for it, and they, they noted that this is a financial experiment and printing money that’s never been in history before.
[00:04:48] Seth Hicks Esq.: And you and I both know that the laws. Of economics are gonna play out, and this is one of the key concepts of the infinite banking concept. It’s the Austrian economics theory [00:05:00] versus the Keynesian economics theory. With the Austrian economics, obviously advocating for minimal government intrusion and believes that markets self-regulate and that you know the printing of money is harmful and will create parabolic inflation.
[00:05:17] Seth Hicks Esq.: And that’s exactly what it’s done. Whereas Kinsey and Economics, you know, feel like, oh, we can print our way into prosperity, so just keep printing money. And you know, this inflation levels are tolerable for economic growth, and I don’t think there’s anything further from the truth.
[00:05:35] Vance Lowe: Yeah. History has proven out that that’s totally false.
[00:05:39] Vance Lowe: I mean, history, if a civilization ignores its history, it’s bound to repeat it. And Germany’s a good example of World War II and many other countries where you could take a full wheelbarrow of common currency and it was worthless. You couldn’t even buy a loaf of bread with it. So. It gets way, way, [00:06:00] way outta whack.
[00:06:01] Vance Lowe: What we could do if government was willing, which they’re not, is we could switch to Austrian economics, you know, right now, and we could bring back a gold standard. And we could set an amount and live on that, and then the repercussions would happen. Yes, we still have to pay the bill because it’s not that Americans have consumed this debt and American entitlements have grown to this point.
[00:06:31] Vance Lowe: It’s not that at all. It’s all about what’s going on behind the scenes and behind government and what they’re doing, the money that they’ve printed and the money they’ve taken out of the United States. Everybody thinks. Now all of a sudden, everything that they said was conspiracy is now proving out to be absolute fact.
[00:06:52] Vance Lowe: That’s why they’re digging into redoing the food and drug situation, is trying to get that straightened out. Maybe [00:07:00] they can do the same thing with money. I don’t know. They have to do something because we can’t be adding to we to the deficit like we are. The reason it’s going up, Seth. Is because we can’t produce enough to pay the interest.
[00:07:14] Vance Lowe: So the interest alone outstrips what we can actually produce in America now. And so we’ve gotta do something very fast because there’s no way. When a country turns south, we all, they try to shore it up a little bit, make it happen this way or that way. They’re doing, trying to do that with Social security.
[00:07:35] Vance Lowe: We have more people on social security today than are out producing, you know, the taxes to pay that. And instead of. Investing it like they promised government illegally spent that money. Well, I guess I can’t say illegally because they I’m sure passed a resolution privately against the citizens where they could spend the money and they, and that’s a perfect example of [00:08:00] Ponzi scheme where the new money comes in, pay for the people who are using it.
[00:08:05] Vance Lowe: They never thought that more people would be using it than, you know, it’s producing.
[00:08:10] Seth Hicks Esq.: It’s kind of important with regards to retirement strategies and retirement planning to analyze this printing of money and the effect it’s making on tax deferred government sponsored accounts like 4 0 1 Ks and IRAs. I mean, there’s an interesting organization called the Society of Actuaries, and they pointed out that, you know, if all things are equal.
[00:08:32] Seth Hicks Esq.: You’ll come out to the same whether you defer your taxes until you take retirement distributions or you pay your taxes upfront and then take tax-free withdrawals with regards to the 4 0 1 Ks and IRAs. But if the tax rates are going up over the long term, which seems inevitable, given this parabolic increasing national debt, people are gonna end up paying far more in taxes later than they will.
[00:08:56] Seth Hicks Esq.: Now. And so we tell people all the time, [00:09:00] you are better off actually just pulling your money, your cash out of the retirement plans and putting them into something that has a tax free economy. So what are your thoughts on that Vance?
[00:09:13] Vance Lowe: It really is incredible if government wants to produce more money and to get ahead like they used to be.
[00:09:22] Vance Lowe: We used to run at a surplus back before the Federal Reserve was born. We had an absolute surplus. We didn’t have any income tax. Life was really, really well. We could still be that way. One of the things that would increase the gross product for America is to lower and or get rid of federal income tax and limit a lot of state tax because over the years we’ve seen the greed everywhere.
[00:09:50] Vance Lowe: For taxes, all we have to do is raise tax just a little bit more, and we can do this a little bit more and we can do that. And all along and all the [00:10:00] way through this, they keep raising salaries and bonuses and all the things they do. Even in this next turnover, you’re gonna see Congress meet and vote themselves.
[00:10:11] Vance Lowe: Another raise. They do that every four years, and if they were honest in addressing the situation, they should meet and lower all government benefits to elected officials in half, at least in half, and limit their budgets in half. They’re the ones that should lead the way because they’re supposed to represent the people in order to affect this thing at all.
[00:10:35] Vance Lowe: I’ve got a little chart that I used to show clients when we were teaching them about money. It’s the t. Effect on a million dollars. If I took a hundred thousand dollars and was allowed it to grow over time, how long would it take to get to a million dollars? And then you can figure that out. And then when you add taxes, it takes a lot more.
[00:10:55] Vance Lowe: So if you use 10% of taxes, you see governments share [00:11:00] over that period of time at X amount. Well, if you go from 10% to 15%, everybody thinks that government would make more money. They don’t, they make less because they pull more out every year, which leaves less in there to grow and we charge tax on that.
[00:11:19] Vance Lowe: So when you get up into 30%, I, I don’t understand that. I’ve never understand that. Stood that with government, when you get up into the 30 to 40% tax brackets with penalties and all. Government’s just cutting their own throat and they don’t even understand or realize it because it just affects everybody because they can’t produce, there’s nothing in there.
[00:11:42] Vance Lowe: And so the volume of money goes down to almost unworkable. It costs more, you know, to try to administer the IRS. Then the IRS is bringing in an income taxes.
[00:11:55] Seth Hicks Esq.: Right. And that’s why we advocate for letting your money [00:12:00] compound and grow in, uh, a contract that is completely outside the IRS’s taxation by their own rules.
[00:12:08] Seth Hicks Esq.: And that’s why the ultra wealthy and politicians have used the infinite banking concept and private banking strategies because they’re on the know. And that’s one of the things that catches people off guard when they think this retirement. Fund that they’ve got in their 401k or their IRA is all theirs and they, they fail to realize that every penny they put in and every penny that it’s grown and deferred is gonna be taxed.
[00:12:32] Seth Hicks Esq.: So they’re at best they’ll get two thirds of it and at worse, they’re gonna get less if the taxes keep going up. So it’s a huge deal when they realize they’ve only got two thirds of what they thought they had and they don’t have enough money to make it through the sunset years.
[00:12:48] Vance Lowe: And Seth. That’s so true.
[00:12:51] Vance Lowe: They hear it, but they don’t believe it. I think in school now, or any higher education, we’re kind of brainwashed into [00:13:00] government will take care of us giving more and more authority to government when what actually made our country extremely strong and powerful is that our government had an absolute limited role in the lives of people, no taxes.
[00:13:14] Vance Lowe: Their job was to defend the nation. They, we exported to every country and we got all kinds of profits, tariffs, taxes, things like that. When countries wanted to come in, we charged those taxes and tariffs and government run at a surplus. And you know what, we didn’t have banks back then. We didn’t have banks like on every corner.
[00:13:36] Vance Lowe: I think Jefferson had to deal with the first commercial bank back in the early 19 hundreds. He told us if it caught on, if commercial banking caught on in the United States, it’d be the demise of our country because they do use Kenson and they grow the money. They, you know, they, they go as if there’s an unlimited supply and they lend out money that they don’t have before [00:14:00] that or during that time.
[00:14:02] Vance Lowe: When banks started coming into the territories, if a bank lent more money than it had on deposit the town, people run ’em out of town. They tarred and feathered them over and over and over again. They just would not allow it. Then the Federal Reserve, like I said, was born and they passed these illegal laws, allowing that practice to be legal.
[00:14:24] Vance Lowe: So today, banks lend money out of thin air. It’s called factoring. You can listen to that on other podcasts that we’ve done, and when they factor, it is an instant indicator of inflation. So, Seth, today, before the Federal Reserve, prefe Reserve, like right at 1900 to 1910, a gold piece representative, a dollar, you could get a dollar gold piece, which was an ounce.
[00:14:51] Vance Lowe: Today, a dollar’s not even worth a fraction. I, I guess it might be what we call bips or basis [00:15:00] points in the, uh, world when you’re, you’re down to, to 1 cent and below and you’re still trying to make a cut, we call ’em Bit points. About four bit points is what a dollar’s worth today, so 4% of 1 cent. And that is what the banks have done to us.
[00:15:18] Midroll: Did that story feel like it was about you? Do you feel like you are generating a lot of revenue but are not moving forward as fast as you would like? 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?
[00:15:41] Midroll: Please visit us at www.privatebankingstrategies.com.
[00:15:49] Vance Lowe: And so Seth, like you were saying, and we can move forward here, folks, you can go back to this old strategy. We can set our own system up, we can be independent. We [00:16:00] pretty much escape the the tax issues because everything inside our strategic plan. Does not create any taxable events.
[00:16:08] Vance Lowe: We can get growth. We don’t have to risk it in the market. Putting money in someone else’s hands, and again, letting government and other people take the lion’s share. There’s a lot of things we could do, and this is why you and I are on here. For those people who are tired and not getting ahead like they should, we’ve got a message for everybody.
[00:16:28] Vance Lowe: We don’t have to participate in this.
[00:16:30] Seth Hicks Esq.: Right, and that is the, the key takeaway here is that whole life insurance properly structured with our private banking strategies, concepts to help protect you from this inflationary runaway train and from the taxes and the higher taxes that are certain to come.
[00:16:48] Seth Hicks Esq.: And help you to protect your wealth and protect what you’ve made in that system. So let’s talk about some of the key features that, and principles, and six ways that private [00:17:00] banking strategies help you avoid this runaway inflation and higher taxes.
[00:17:05] Vance Lowe: Okay. Yeah, I think we should. I think that some of the things we’ve got to understand is that we can make a difference.
[00:17:13] Vance Lowe: We can take control of things. People, when you hear participating mutual whole life insurance, what do you think most people are going to be? Very, very negative. That trend started. A long time ago, about 40 years ago when Al Williams was created and came out with a whole revolution of ideas of buy term and invest the difference and you’ll blow whole life insurance away.
[00:17:45] Vance Lowe: That never did prove to be the case, but it was the fad of the day and the herd mentality bought that. And they bought into that. And so people don’t understand that these whole life insurance [00:18:00] contracts structured correctly, like you said, form the bank, form the necessary vehicle for you to get your money back, for you to move money and and get more velocity.
[00:18:11] Vance Lowe: So it’s not so much what we don’t know is hurting us, it’s what we think we know that’s incorrect. As famously put by Nelson Nash of the infinite banking concept.
[00:18:22] Seth Hicks Esq.: Yeah. One of the key components of a a private banking strategies system is that you can access both your principal and the gains that are compounding and growing each year tax free.
[00:18:34] Seth Hicks Esq.: And the income that you may take or the dividends that, that are paid and taken out, they’re not reported to the IRS by the insurance companies. It’s a financially private system, and it’s a tax-free economy, and that’s pursuant to Internal Revenue Code 77 0 2. So they carved out their own little exclusion in the tax world with these contracts.
[00:18:57] Seth Hicks Esq.: And you’ve got the likes of John F. Kennedy and the [00:19:00] Rock of. Fellows and many, many high profile families and ultra wealthy individuals, JC Penney, Ray Crock, who started McDonald’s, uh, and the list goes on and on and on who’ve implemented these contracts for the same type of benefits that we’re talking about.
[00:19:16] Seth Hicks Esq.: So you can access your money tax free, you can pull it out tax free, you put it in, there’s no reporting, and there’s really no better compounding annual growth in a tax free system out there.
[00:19:29] Vance Lowe: There’s not, and as a matter of fact, I think we’ve got a podcast in our library that we discuss the perfect investment, what would be in a perfect investment, and everything that has come up to date these accounts, these type of contracts have in them guaranteed growth.
[00:19:47] Vance Lowe: Stay paced with inflation. Outlandish things, of course, are not, you know, that’s not anywhere, but these things are vehicles. They were built by the people, by the citizens. The [00:20:00] everyday person who has to go out and meet all the world affairs. It was created by them for them, and they are the owners. These contracts have been in existence since our country has been around, and many of ’em SPR from right when our country started to fill this banking need to fill the need of the individual and the passing of assets to the next generation.
[00:20:25] Seth Hicks Esq.: Well, here’s another kind of interesting fact is that income that you take from conventional retirement plans like 4 0 1 Ks and IRAs, they sometimes can increase your Medicare premiums and as much as two, three, 400%, which is kind of a curve ball if you’re dependent upon that Medicare, and that’s something that other people don’t really realize as well.
[00:20:47] Seth Hicks Esq.: But the income that you take from your own private bank doesn’t cause. You don’t have any higher premiums with Medicare, doesn’t change any of your rights, and it’s very distinct and different. What do you know and think about [00:21:00] that Vance?
[00:21:00] Vance Lowe: Well, what people need to understand is money, and that the gains derived from the policy are not considered.
[00:21:09] Vance Lowe: Income at all. And yes, there is the way you, you could be taxed if you wanted to, but like you said a a little bit ago, these things are not tracked. Nobody but you and the life insurance company knows how much. In these accounts, these have been time tested. They’re proven, they’ve always been around.
[00:21:30] Vance Lowe: Government officials use these same strategies. The bank ownership used these contracts for their safe money. This is not in question. These contracts, if they were like a Dave Ramsey or the Al Williams group who really tried to tear this thing down. They’ve stood the test of time. If they ripped people off, if they were too high cost, if they didn’t [00:22:00] perform to the advantage of the individual, they would’ve been long gone, Seth, but they’re not.
[00:22:05] Vance Lowe: So when you hear that term, whole life insurance. You have a bad feeling. It’s what you think you know that is incorrect, that’s going on. You need to find out correctly why these things still exist, what the advantages are, and why these other groups have always been trying to tear ’em down and they’re backed by banks.
[00:22:28] Vance Lowe: Banks don’t want us doing what we used to do. That program of education eradication started in the early 19 hundreds. Branch banking started about 1950s. It went into full swing and it finished around in the 1970s. But then people started discovering, just like we are talking about here, hey, I could take my pension, I could take, you know, my retirement stuff that are government orchestrated, and I could put [00:23:00] that into one of these whole life contracts and I could live off of the interest.
[00:23:04] Vance Lowe: And it’s more. That I could receive net from my pension for the rest of my life, and I would still have access to the total account should I need to borrow and put it back or whatever else. And so they introduced what’s called the modified endowment, and that’s another topic to discourage people from discovering what they work so hard to get out of the United States.
[00:23:28] Seth Hicks Esq.: One of the things that sets these contracts apart is that they have a high cash value, meaning the. The premium that you pay, you can pull out a large portion of that cash value and put it right back to work again. Almost instantly you’ve got a dividend paying mutual whole life companies, which year after year without fail through the Civil War and the Great Depression have paid dividends and there’s been parabolic compounding increase in growth for over 200 years.
[00:23:56] Seth Hicks Esq.: With the companies that we use. And that also [00:24:00] increases, uh, the underlying death benefit that you pass on to your loved ones and your beneficiaries. And that creates a wealth that sometimes people couldn’t even earn in their own occupations and professions. And so that legacy benefit all tax free is, is a huge value that out inflation and, and taxes and other strategies.
[00:24:22] Vance Lowe: It’s sad to see in the United States today. Back in the day when I was quite young and growing up, it was all about the family and leaving as much as possible to the family. Today it’s, am I going to outlive my assets? That’s the worry today because we’re not producing enough to set aside taxes are are going up.
[00:24:47] Vance Lowe: Earnings, it seems are not staying paced with inflation. And inflation can destroy everything, and government knows that, and that’s been a problem for us to have to deal with. But here’s how we can do it. [00:25:00] These six steps right here is just giving us the hope that we need.
[00:25:04] Seth Hicks Esq.: Right, and I mean that’s the tension is the government intervention and control and over government of the people effectively and not for the people versus being able to take the banking equation back into your life and being able to implement your own control and your finances.
[00:25:20] Seth Hicks Esq.: You do that through the private banking strategies. It’s night and day. So I know this is really just kind of a, a broad stroke on these issues, Vance, and we’ve got so many other. Attributes and values of the private banking strategies that help people outpace inflation and avoid the taxation issues. But I think it’s probably a good time to stop here and just let people know where they can learn more and how to get in touch with us.
[00:25:47] Seth Hicks Esq.: So folks, if you want to learn more, hit our website@privatebankingstrategies.com. That’s private. Banking strategies.com and there you’ll have an offer for a a, a free book. You [00:26:00] can read that or you can listen to it on the go. You put your email and let us know you’re interested in our content and we’ll send you valuable content, including our weekly podcast, the most recent, updated podcast.
[00:26:13] Seth Hicks Esq.: We’ve got almost a hundred on our website. You can find all those for free. Under the resources tab, there’s blog articles, and then there’s also content that we send in the form of emails that addresses the seven pillars of private banking strategies. And if those things resonate with you, if our book resonates with you, if these podcasts resonate with you, we want you to schedule an exploratory call.
[00:26:35] Seth Hicks Esq.: There’ll be a link and those emails that we send you to schedule an exploratory call with Vance. Where you start to actually apply your financial circumstances and situations into how private banking strategies would work for you. And then ultimately it leads to what we call an eight year analysis, where we show you exactly how to implement this month over month and an eight year [00:27:00] strategy.
[00:27:00] Seth Hicks Esq.: And that’s, that’s our process folks. So we’re glad you joined us, Vince, any closing remarks?
[00:27:07] Vance Lowe: No, there’s just, there really is a light at the end of the tunnel here, folks. There is good news out there. You can do it, you can set it up, you can run this system. It’s so easy. But we do have to learn something new and we have to let go of the way we were using money in the past.
[00:27:27] Vance Lowe: So that’s the good news out there folks. Hope you have a good day and that some of this will resonate and that you’ll take a little action.
[00:27:35] Seth Hicks Esq.: Yeah, come back and join us again. We’ll see you on the next podcast. Thank you folks.
[00:27:39] Outro: Bye-bye. Did that story feel like it was about you? Do you feel you should be making more progress toward your financial goals?
[00:27:48] Outro: Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank? Please visit us at [00:28:00] www.privatebankingstrategies.com. Thank you for listening to the Private Banking Strategies Podcast. Click the subscribe button below to be notified when new episodes become available.
