[00:00:00] Intro: Welcome to Private Banking Strategies Podcast with Vance Lowe 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 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 Lowe and Seth Hicks. Vance, how are you?
[00:00:43] Vance Lowe: Well, I’m doing great. It’s been a little while since we’ve had a podcast and I’m looking forward to this.
[00:00:49] Seth Hicks Esq.: Yeah, fantastic. A lot of, uh, a lot of current events changing with the ebb and flow of a new administration, and that’s one of the things we’d like to kind of jump into this morning. I’d like to talk to you about how the [00:01:00] rich mitigate taxes, you know, anything about that.
[00:01:03] Vance Lowe: Well, it seems like those who are sophisticated enough that knows how money work don’t pay anywhere near the taxes. People think they do and or should Donald Trump, in one of his campaigns, I think it was Hillary Clinton cornered him and asked him, you know, you don’t pay near enough on your tax returns.
[00:01:26] Vance Lowe: They were actually investigating him and Trump. He gets that smug look on his face. He looked at her and says. That’s because I’m smart and lean back. And that was the end of it. She didn’t have any comeback to that. And it’s true, there’s a lot of ways that you can do things and not trigger taxable events, but unfortunately, the way the government is and with the Doge uncovering all the corruption going on, they keep wanting to raise and raise taxes and, uh, the rich keep finding out how they can get around that.
[00:01:59] Vance Lowe: And, you know, [00:02:00] they still get to enjoy all the things that they want to. They just don’t have to give up to Uncle Sam. All the tax money that probably the, the middle class does. The middle class gets hits the hardest.
[00:02:12] Seth Hicks Esq.: Right. Yeah. I remember the debate. It was with Hillary Clinton and she was trying to peg him Trump that is for not paying taxes.
[00:02:19] Seth Hicks Esq.: And he said, well, it’s because I take advantage of the law that’s on the books. I’m smart. And effectively so did the Clintons. They formed apparent NGOs that they funneled millions of dollars through and became mega wealthy when they. Didn’t earn that in public service, obviously. So you’ve got different ways to skin a cat, so to speak, and it looks like Trump’s tariffs are providing further evidence that income tax is not the best way to have your domestic economy grow and thrive.
[00:02:48] Vance Lowe: Well, Seth, let, let’s go back kind of to the beginning. You know, kind of when, uh, our country first started, we didn’t have income tax. We started our country. We had a philosophy going on. [00:03:00] The banking equation was handled totally different. We didn’t have banks around, and government operated in such a manner that it always produced a surplus.
[00:03:10] Vance Lowe: There was always excess money at the end of every year. Not less, not a deficit, but more money. And that was because of tariffs and import taxes and things like that. They didn’t need the citizens. It wasn’t until 1900 when the Federal Reserve was born that the IRS was introduced. Into the United States.
[00:03:33] Vance Lowe: Uh, what we have to understand, and there’s a book out there called How Privatized Banking Really Works. Another book out there, the Creature of Jekyll Island, to really tell you how the Federal Reserve was put together. People, you need to know this. You need to understand who really in control right now.
[00:03:52] Vance Lowe: Of our country. The Federal Reserve is owned by non-Americans and they want control and it’s, they thought, I think [00:04:00] they thought they could have control by now, but Trump has stepped in and they’re probably gonna set ’em back several more years. But they introduced the IRS. The whole purpose for the IRS was not that the government needed the money at that time.
[00:04:16] Vance Lowe: The IRS was introduced, government was still producing a surplus, and so why,
[00:04:23] Seth Hicks Esq.: and that was based on a tariff.
[00:04:25] Vance Lowe: Right. And why was individual taxes, federal taxes, uh, introduced was for control, both in the state and federal. It was all about control of the citizens’ assets. That’s all it is. For, for instance, I’m in my home.
[00:04:43] Vance Lowe: I have paid property taxes all my life. I am in my seventies and I still have to pay property tax. In other words, I still have to pay to live in my home. If I don’t, my home can be taken away from me. And Trump has actually put a federal law in [00:05:00] and I think, uh, he signed it in. It passed that age 65 and beyond.
[00:05:04] Vance Lowe: You should never have to pay any more property tax. Right? Well, federally that’s, I think in effect, but now it has to go down to the states. The states are also corrupt. They depend on that money. They want that money, so they want that control. We the people, whether we’re rich or not, we need to take back control of our own assets and everything else we need to, to get these laws passed.
[00:05:32] Vance Lowe: We need to come down hard on our, um. Local governments, our mayors, our, our governors of the states and, and demand you stop charging taxes for those who have, you know, brought us to this point.
[00:05:46] Seth Hicks Esq.: Agreed. I mean, I, I agree that we, that there should be certain tax breaks. I mean, in many counties in Texas, people are taxed out of their properties, especially in counties like Travis County, where people lived there for 60, [00:06:00] 70, 80 years, have longstanding family homesteads, but they happen to be near, uh, the lake or the river or something like that.
[00:06:07] Seth Hicks Esq.: And their property values have soared, I mean, into the multiple millions, and they’re taxed out of their properties. It’s just that absolute. Policy changes necessary. But let’s focus for a second on what you can do now other than contacting legislatures. How can you transform your own personal wealth and economy into a silo that isn’t subject to taxes?
[00:06:28] Vance Lowe: Alright, well, one of the things that we can do is again, go back in history and find out what made the average American rich Americans, um. Many wealthy families still practice this today is to literally not participate in the normal economy. Literally set up their own individual private mini economies to get more basic Seth, and for our audience.
[00:06:53] Vance Lowe: They set up their own banking system. ’cause we didn’t have banks back then. I remember as a [00:07:00] kindergartner in kindergarten at five years old for me, the banks barely started making headway. Branch banking had started, was coming in and they started indoctrinating the citizens with bank accounts. They literally came into our.
[00:07:15] Vance Lowe: Schools and helped us set up a savings account and actually donated 25 cents or 50 cents into our savings accounts, and we literally had a savings account with the local bank, and that was to take the banking equation out of the family life. Right, right. See the banking equation, what people don’t understand was held by participating mutual whole life insurance companies.
[00:07:42] Vance Lowe: They, they were the only banking system that we had, and they put together contracts to allow this type of function to go on. There were agents that were in your territory, and when an agent came into town, you could. Work a plan out with this agent. He [00:08:00] would hold your deeds, your precious metals and uh, you know, documents as well as set up a, uh, kind of a death benefit, uh, and, and, and a account to pass things on to errors and all that would be held inside these companies.
[00:08:17] Vance Lowe: They were very few and far in between to start with, but most of our existing companies today. Were created for that very need more than just death benefit. It was more of a holistic solution to the banking equation. A family was taught from kindergarten all the way through the, all the education they could get if they got chances to go to universities, get their master’s degree and everything else they wish.
[00:08:46] Vance Lowe: Still taught how to be completely independent, how to go into the wilderness, how to start their own towns, you know, literally be completely independent and survive. And inside that was how to run their own [00:09:00] monetary system to be better off every year today. That was brought back by the, uh, Nelson Nash Institute.
[00:09:06] Vance Lowe: A lot of people have heard this called, uh, the Infinite Banking Strategy. The whole system is now brought back. It’s not something that the government likes or especially banks, because it triggers once money is inside the system, it triggers no taxable events whatsoever.
[00:09:25] Midroll: Did that story feel like it was about you?
[00:09:29] Midroll: 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? Please visit us at www.privatebankingstrategies.com.
[00:09:56] Vance Lowe: But the reason this is so important is where do [00:10:00] the banks hold their safe money? Seth, back when Obama first was elected, we saw mass exodus of stock ownerships in banks. They started selling their owner their stock off and putting it into a. The stock market, but the owners sold all their stock. They still own, but they sold all of their stock.
[00:10:23] Vance Lowe: Where did they put the money? So tell us a little bit about where banks hold their safe money.
[00:10:29] Seth Hicks Esq.: So the banks, Wells Fargo, bank of America, chase, they have large, large. Annual premiums where they stock and put cash into life insurance contracts, we’ll say 20 billion a year annually from Bank of America. I believe that Wells Fargo and Chase are very close, uh, given a, a couple of billion, more or less with annual premiums.
[00:10:54] Seth Hicks Esq.: And one of the reasons is because those life insurance companies are one of the most solvent places [00:11:00] to store wealth on the planet.
[00:11:02] Vance Lowe: It actually is Seth, that, uh, it has proven throughout history since, uh, these insurance carriers have come on being alive and in existence. They have an autonomy against a lot of laws that have been passed after we believe their sanction from the Dodd-Frank Act.
[00:11:20] Vance Lowe: You know, they have to have money in bank accounts, but these are secured, uh, so that the banks can’t leverage that money out. It can only be dealt with the, uh, insurance carriers. So that if the banks went insolvent, this money can’t be touched. It can’t be used, it can’t be turned over. It’s the life insurance industries.
[00:11:41] Vance Lowe: So folks, if you understand what we’re trying to say here, banks never lost the strategy and they use the strategy to the utmost because banks are the best at growing money. The bank owners know how to do this, and if they store [00:12:00] their money in these contracts, it’s a reason for us to store in these contracts.
[00:12:05] Vance Lowe: Also, there’s many benefits to them. Everything is on a yield basis, which means money put into these accounts. Can never be reversed. They’re never subject to the economy marketplace or theft or anything like that. And over the history of the United States, you know, the stock market was introduced and it was another scheme to get to people to spend their money.
[00:12:30] Vance Lowe: For someone in the stock market, as we know, to make money, someone else has to lose it. The only people that make money are the brokers. But it’s strange, Seth, if I take any 10 year period. And see the history of the stock market and look at the history of the earnings inside these mature contracts. I’m not talking in the beginning, you know, first few years.
[00:12:53] Vance Lowe: The guarantees plus the dividends are what’s called the profits of the company because [00:13:00] the policy holders own the company. There are no stockholders in these contracts. Their average returns are higher in any 10 year. Timeframe of the stock market. You know, everybody’s worried about the Dow, the s and p 500, whether it’s going up or going down, and everybody is so interested in the short term.
[00:13:22] Vance Lowe: Oh wow. It went up 10% this year. Holy cow. That’s huge. Guys. This year for 2025, it could set a record, you know, because of what Trump’s been doing. If we look over and we take the last nine years and add this year to it, it won’t be what the life insurance industry has put in as yield into these accounts over that 10 year period of time.
[00:13:46] Vance Lowe: Yield is everything. Average rate of return is nothing. It’s just a fictitious mathematical number. That’s what we’re talking about here. How do we avoid the taxes? There are no taxes here, folks. [00:14:00] When you get into one of these contracts, you get taxed advantage treatment on everything. So when, uh, right now, if it’s paying 9.5% between guarantees and dividends on current contracts.
[00:14:16] Vance Lowe: That’s net that went into your cash value, your your account, and can never be reversed. It. You know, you can’t have a bad year and say, oh, well, you know, we’re not gonna put anything in because that’s above the average. Stuff like that. That’s next year’s guaranteed more money. And
[00:14:33] Seth Hicks Esq.: so, and when we say it’s grows and compounds in a tax-free economy, we say that because the Internal Revenue Code 77 0 2 provides that guidance, and that’s where many wealthy people harbor cash value in their estates.
[00:14:50] Seth Hicks Esq.: And there’s, like you said, many, many reasons. One is that you’re not paying taxes on. Compounding growth and year over year that [00:15:00] compounding growth begins to accelerate exponentially in years 25 to 30. So it’s a long-term strategy. It’s not a get rich quick scheme. Right. Vance.
[00:15:10] Vance Lowe: Right. And and what’s more.
[00:15:12] Vance Lowe: Interesting is that people don’t understand, you know, ev, everybody’s programmed that, oh, life insurance is an expense. These contracts are not an expense. These are capitalizing your money warehouse. This is how people used to self-finance. They’d get money and grow it in here over several years, and then it’s time to finance a car or a house.
[00:15:35] Vance Lowe: They literally borrow it out. And they still have to pay a mortgage, but they pay the mortgage back to themselves, and so the interest and all the payment goes right back into their accounts. It’s no different than the outside world, but by the time they’re done paying off, you know, a 30 year mortgage, they have three, four times the amount in their possession than a mortgage company, and they have nothing [00:16:00] except a 30-year-old house.
[00:16:01] Seth Hicks Esq.: Right. And we have a great illustration of that same concept in our podcast portfolio, uh, on our website@privatebankingstrategies.com and the Twin Sisters Hypo. It’s one of the early episodes. And just for reference point folks, Nelson Nash took his two nieces through, uh, an exercise, one who invested in a CD and one who invested in life insurance contracts.
[00:16:28] Seth Hicks Esq.: And the outcome is. So radically and drastically different that you’ve got to look at the analysis and the numbers in those episodes, it’s called the Twin Sisters. So folks dig in to that. If you’re interested in how this plays out over the long term and how you beat taxes and the traditional system where your cash is at risk,
[00:16:47] Vance Lowe: I just want to tell everybody that income taxes are something you can mitigate down to an absolute minimum.
[00:16:56] Vance Lowe: If you’re smart, if you plan. Okay, [00:17:00] we’re in a world, we’re in a country, we’re in a government that, uh, we have to appease, but we can still, no matter what our income is, mitigate the amount of taxes we end up having to pay. We can work smarter instead of harder. We can help. Show people how to be better off even on a daily basis.
[00:17:22] Vance Lowe: If we can do that, at some point, you’re gonna have more income coming in under your control. Then you can go out and make, and that’s what financial independence is all about. And the taxes are the biggest culprit that tears us out. That stops us from doing that.
[00:17:39] Seth Hicks Esq.: That’s right. Well said. Well, folks, if you want to drill down on these topics or a plethora of other topics, hit our website up@privatebankingstrategies.com and therein, we’ve got a book offer that Vance and I authored that starts to red pill you on some of these ideas.
[00:17:56] Seth Hicks Esq.: And if you’re a, a long-term veteran, you’ve been a podcast [00:18:00] journeyer with us and you’re ready to take the next steps, you’ll have an opportunity to schedule a call Vance, and an exploratory call on our website. So folks, thank you so much for tuning in. We hope to see you on the next episode. Thanks Vance.
[00:18:13] Vance Lowe: Thanks guys. We really appreciate it. See you next time.
[00:18:16] 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 visit us at www.privatebankingstrategies.com.
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