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5 Secrets the Big Banks Don’t Want You to Know

Secrets the big banks don't want you to know
Bank

5 Secrets the Big Banks Don’t Want You to Know

Learn the secrets the Big Banks don’t want you to know. In this blog post I’ll expose these secrets to you, so you can take the necessary steps to free yourself from their financial tyranny.

  1. The money banks loan is not there… or theirs!
    1. Banks loan MULTIPLES of depositor’s money.
    2. The money that banks lend is created out of “thin air” without RESERVES.
  2. Traditional bank lending creates inflation.
    1. Banks operate on Fractional Reserve Lending.
    2. FRL allows banks to loan out $10 for every $1 on deposit.
    3. When money is put into circulation without reserve, this causes inflation.
  3. Banks profit nearly as much from fees as they do from interest.
    1. According to BankRate.com and the FDIC, banking and service fees have escalated.
    2. Check your recent statement for “service”, “ATM” and “FDIC” fees
  4. Banks are failing at an alarming rate.
    1. According to the FDIC, there were 18 bank failures just in 2014 .
    2. Like most federal agencies, the FDIC is broke.
  5. Banks own a lot of Permanent Life Insurance, called BOLI.
    1. The FDIC recommends that banks own BOLI (Bank Owned Life Insurance).
    2. All major banks own BILLION$ in BOLI.
BOLI
BOLI – Bank Owned Life Insurance FDIC

Now that you know the Secrets the Big Banks Don’t Want You to Know you can make intelligent decisions about your finances.

So, why would you want to turn your hard earned money over to someone else’s bank? When you learn how to become your own banker, you can escape the enticement of the banking monopoly and build your own wealth.

To learn more about banking and how you can utilize it in your life, follow this link and download our free report: Discover Infinite Banking

Stop paying interest and fees to the BIG Banks. Fire your banker and take control of your finances! Request an IBC Review today, follow this link: http://legacyinsuranceagency.com/ibc 

Until next time,
Barry Page, RFC
IBC Authorized Practitioner

If you enjoyed the post, please comment, share and let me know!

Barry Page, RFC is recognized as a leading expert on finance, life insurance and private banking. He is a financial consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to protect their assets, income and lives utilizing a macro-financial approach to planning.

2015-06-10
By: Barry Page
In: Infinite Banking, interest, Life Insurance, Permanent Life Insurance, Whole Life Insurance
Tagged: bank owned life insurance, Barry Page, Becoming Your Own Banker, BOLI, FDIC, Federal Reserve, financial opportunities, IBC, infinite banking, infinite banking concept, inflation, permanent life insurance, secrets the big banks don't want you to know, wealth, whole life insurance
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Writing On the Wall

"The current fiscal policy is unsustainable. We are heading to a future where we'll have to double federal taxes or cut federal spending by 60%." David Walker, Comptroller General of the United States "The fate of the world economy is now totally dependent on the stock market, whose growth is dependent upon about 50 stocks, half of which have never reported any earnings." Paul Volcker, 1999, former Federal Reserve Chairman "My friends, there is good news and bad news. The good news is that the full faith and credit of the FDIC and the U.S. Government stand behind your money in your bank. The bad news for you, my fellow taxpayers, is you stand behind the U.S. Government." L. William Seidman, former head of the Federal Deposit Insurance Corp. (FDIC) "In coming decades, many forces will shape our economy and our society, but in all likelihood no single factor will have as pervasive an effect as the aging of our population." Ben S. Bernanke, Chairman of the Federal Reserve System "Because the Social Security trust fund does not consist of real economic assets, we are left to rely on the federal government's future decisions to either raise taxes, reduce spending or increase borrowing from the public to finance fully Social Security's promised benefits." Paul O'Neill, former Treasury Secretary "As a nation we have already made promises that we will be unable to fulfill." Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System

Readers asked…

How can life insurance help during retirement?

“Life insurance is a private contract between the owner and an insurance company. In exchange for a payment, the insurance company is legally obligated to provide you with benefits pursuant to the contract. Specifically, these benefits can be utilized to pay expenses for long term care, as a hedge against inflation, and as a regular, predictable, and reliable income stream for life.

It’s basically a private contract that allows you to have your dollars work harder.

The primary reason people buy life insurance is to protect their loved ones from loss, however perhaps it’s best kept secret is that it can be used to provide a steady, tax-free stream of income during retirement.

There are various types of life insurance: term, permanent, universal, variable and index. Each has its own benefits, and should be configured to fit your goals.”
~Barry Page

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Legacy Insurance Agency, PLLC
2600 Government St
Ocean Springs, MS 39564
(228) 875-5545 phone

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