I am bringing John J Singleton to you today and Got him on the line here. I just want to give you guys a little intro to John, for those of you that haven't been seeking them out, the last 4 or 5 days, as I suggested. I know many of you have I have seen all of your comments, and I know everybody's excited. I am to.
I'm very excited to found John, and I'll just tell you guys, what I have observed is that, John, you know, we use that term a lot. You know, we're looking for that guy, and I believe John, is that guy, and I'll tell you why.
I think, John, is that guy, because John is not looking to break the law. John is looking to work the laws to our favor and work inside of systems and structures that were put in place by the law to then now protect us. And I was never looking for the guy who was trying to break the law or get around the law, or just say, Oh, don't file your taxes.
Or, you know, do something that can harm you, especially with the kind of money that is represented here in this patron on, And I have seen many of your portfolio. So I know we're talking about, many, many, many, many, many millions of dollars. And so, for me, when I have observed devoured about everything I think John has put out. That's that's free. And I am thoroughly impressed and just wanted to bring him here to you guys today, John, say hello to everybody.
Hello, everyone. Thank you, Jay.
Yeah, no worse. So what we did, guys, is we prepared a little list of questions. And I'm gonna, for the most part, kinda stay out of John's way.
I'm gonna ask him some questions here, and we're gonna let him answer them and just bring you guys the information, and then we'll tell you guys all how you can get in touch with John. The first thing I'll ask John, before we get into the questions, is John.
Your setup is typically, in a way where you take on a client, and you spend be six months, 12 months, 18 months, with that client, kind of coaching them in whatever their scenario is, And for that, you typically are getting 800 to $600, depending on the situation, Is that about right?
Yes, correct, OK. And in the end, do you, when you do your coaching, and you pull people in on the coaching side, do you do things with people also as a group coaching, or do you just work with them one-on-one?
I also do group. But, yeah, definitely one-on-one, because at some point, people just want, you know, the one-on-one discussion, but for groups, it's more efficient, because I can cover some major issues.
Like, I'm gonna call like that, OK, perfect, perfect.
So, in essence, if we have kind of a, if all of the folks within my patron were too begin to use your services, we could kind of do some group coaching along the way here, as well, as a bear.
Yeah. Exactly, yeah.
So what we'll do is we'll just jump in because we're not gonna waste a lot of time, goes on.
We we've prepared a little list. And the first thing on the list is is there a law that imposes a tax on cryptographic currencies?
Here's the kicker, guys, in any country, and I'm going to let John talk about that. John, take it away.
OK, well, countries have their own laws and those country have been around for a long time and they figured out how to issue currently using the VR system and those currencies are taxable. And any gains defined by the statute, their laws, and those countries, would impose a tax typically.
Um, what's what's changed is we have a new way to trade.
We have a new way to keep track of units of value or current the cryptocurrency and go.
Those currencies are not in the framework of any packing system that I can find.
There is no legal framework attack, something that not been defined or created by the taxing jurisdiction. And that's the issue that taxing jurisdictions can tack wouldn't create.
Kryptos are created by what software people working together jointly not by a government agency.
The way they were, they trip people, as they trick people into, informing on.
So, when people believe there's a tax consequences, and I've talked to lots of people where they, they've been, you know, talk to their accountant.
Who knows nothing about crypto that doesn't understand anything, And the challenge is looked at like this, as well.
Let's figure out how much your crypto worth at the end of the year, and let's report that is income, and we'll pay tax on it.
But he tells his client, and everybody could, OK, I guess I'll have to do that, but you don't. OK.
That's the thing, and I believe that probably true in every jurisdiction.
I've never seen one yet, and I'm talking about the United Kingdom, Australia, New Zealand, Canada, the state, most Western countries, basically.
So, is it fair to say to John, that where these entities, you know, at large, these entities, where they start to try to impose a tax is once you've sold it, turned it into whatever it is. Let's just say, in this example, cash, where they then try to impose a tax is now you taking the gain in cash versus, you know, you just sold it. Maybe you sold at crypto to gold, or maybe you sold it from one crypto to, for example, a stable coin.
Just to protect the value. So what you're right. I think what I'm hearing you say is, is where they try to impose, which we all know everybody in this room knows that they're impose amount of tax is also fairly illegal. But they still get away with it. But that's what I'm hearing you say right, is that the actual crypto itself is not taxable, but where they try to impose that taxes on the dollars that you're trying to bring back into your life. Is that correct?
The governments are trying to create a recording situation and then attack the situation.
So, if it's a third party you're dealing with, like a chain, that usually is going to report on you for something, whether it's accurate or not. We don't care. I'm not talking about that right now.
Then so when the report. So the question is, is it reportable and that, Is it subject to the tax?
Well, this is correct me if I'm wrong, but I've never seen it where there's no taxable gain unless you've got received a gain in the ... currency.
So in the state, they'll tell you, the irises correctly defined, in my opinion, has correctly defined crypto as property.
This is exactly the same as precious metal. So if you have a question about how crypto should treat it, think about how precious metal should be are treated.
Traditionally, if I hold a gold coin of my hand, do I pay tax on that every year?
I do buy, sell it.
And I do if I sell it to somebody, but if I felt my neighbor for a fair market value, no one's going to see me do that now. I'm not saying you should hide everything.
I mean, maybe I am saying that, But hypothetically, Yeah, hypothetically, right, if no one sees me do it, I mean, OK, I can report on myself or not.
Not a big deal.
Now, if I sell it to a broker pawnshop, he's going to do a 10 99. It's going to have people who the owner is, and I'm gonna tell me: Here's my tax number. I'm going to tell him, at the company, Here's this tax number, and there's gonna be a 1099.
And so, the iris is going to see it. And, yeah, I should probably tell me, I sold, here's my dollars.
Here's my app, the play.
Right, I gotcha. I think that, Well, while we're on this one about taxes, it's probably a good time to cover.
I've mentioned to you pre interview that a number of people are selling off their kryptos now at a loss, so they can file a loss on their taxes. And then they get back into their crypto. in the name of their, let's say, their trust, or their corporation, or LLC, whatever entities are using. And it seems to me That's probably not that necessary. Not that. It's bad. I mean, obviously, if you're setting up entities, like you're already talking to me about doing most recently, I will. I will. Going forward by all my crypto with that entity. That's great. But if I've already purchased crypto, is it really important to be selling it off and going right back into it? I mean, I know that could be an advantage to it, but isn't necessary.
It is not necessary. It's probably a little bit, you know, costing a little bit more than you need to be spending because of the premiums or whatever churches are. These. Yeah, it's OK, But you really you can fund your crypto just like, just like I can buy stock all day long.
I can buy gold all day long, I can buy a crypto is all day long from my name personal account all day long to my paycheck No tax consequences there.
It's when I sell it for dollar, right?
So you want to make sure that the report if there's going to be a tax report, is going to a structure that you want like maybe your company because you have certain benefits by using your company. Pick the game.
So now note to be clear one of the things you do is you do the crypto?
I think it's a crypto trust you do and probably an LLC or something of that nature.
So, to be clear, most most everybody that's hearing this video right now, or this audio is using an entity in Australia to bother kryptos.
So, for example, I know you're now just about to set my LLC up for me and going forward, the suggestion would be, for me and for everybody here, is just to buy your kryptos from now to the LLC, is that correct?
Yeah, exactly, I mean, slowly migrate over and start using the LLC for most of what you're doing. I mean, ultimately, that's the best way to go. Do everything through a company name. Yeah. Cool. So let's jump onto question to, I think we can. A lot in that first one, What requires people to receive income or property in their name only?
I don't know, unless you're earning wages.
I mean, for wages, paid a job, you have to get the money in your name, but not going to pay a company.
So, basically, that, yeah, the question was designed to say that there is nothing that requires it, other than I, can you say however you want? Yeah, OK. So, in other words, the everybody on here to put this in a little bit more layman's terms is if we sold a bunch of crypto.
And with that crypto, we had a pass through instrument, like an LLC, and now we wanted to buy a piece of property. There's nothing that requires us. And that's why you pose this question, that requires us to put that piece of property in our personal name.
It's an effort to do that.
Yeah. It's just your own interest. And that kind of goes back to that old saying, Control everything. Oh, nothing, Right.
Right. All right. So number three, who owns the private keys on the exchange, the customer, or the exchange.
Talk about that a little bit, John, The third party you're working with, the third parties, is holding the private key. Actually shows you the money in the private key, in that data, to make them the trustee in fact.
So this is why I use those in the state, for people that like the Coinbase and whatnot, because ...
is actually the cookie and it's an irrevocable trust, by the way. Because point based is not going to change its policies for one person.
Hmm, hmm, hmm, hmm.
Kind of, the account holders the beneficiary, so I like to make the beneficiary, the company, your LLC, or joint stock company, whichever, then the blockchain, trust is there for tax purposes.
So, if the Tax Authority wants to audit you, you can see that the trust identifies that you're not the owner at, at the time, and therefore, there's no tax.
Very nice, very nice. Yeah, I wish you were around last year, my friend, while you were around, I just didn't know about you. But, anyway, we won't, that grass will move forward number four. How does the IRS define how cryptocurrencies to be treated? We talked about that already. We'll skip that one. Yeah. Tax deferment. This is number five, taxed, affirm. It, is an accounting function.
And it can be used for cash flow or windfalls involving cryptographic currency to talk about that. Just a little bit. John.
Alright, the reason why isn't accounting functions, because I don't want people to get stuck on one thing.
I mostly do company structures in the state.
I very seldom becoming an offshore, although it's pretty easy to do by faith and accounting function because it is tax department. Where there's a tax liability that can be deferred.
If the laws allow you to do it or the accounting rules allow you to do it, which they do pretty much in any country, it just so happens it in the day, I can easily get it without specific accounting rules if I just use a limited liability company a certain way I could use an LLC in the state and I get tax affirm it if I use it that way.
If I don't use it that way, I don't get it, OK.
Now, let me ask you while we're on that topic, I know a lot of people had sent in a question saying, you know, is John service is going to be any good for me. I live in the UK.
I live in whatever, talk about that in just a minute and then also along with that question as a part B, um, is there an entity, you know, like right now, I'm actually using an exchange and doing everything I do in crypto in Australia.
Is there a way for this person who's in the UK, or in Australia, or in whatever country to actually set those LLC's up?
They're going to be using here in the states because, you know, Coinbase does take customers from all over the world and so maybe we maybe can be there, Yeah. That's a good question.
You could do an LLC, which I really think that one of the best instructors to you, wherever you are in the world, you can organize an LLC very simply initiate the matter. How are you going to open your bank account?
You can, a lot of times, you can do the account all over the internet.
And if your country that you're in recognizes the limited liability company, like, for example, Canada did not, so you have to do a different type of structure.
Then you could simply organize your company. You can get your bank account in the country where you reside.
Now, I'm putting together right now different packages for people that are new to New Zealand, Australia and the UK.
And Canada, because those have been recommending a joint stock company and, or, you can probably use a partnership.
A partnership works almost almost to say, now what I'm finding is, the rules are different, They're the rule require you to report annually or quarterly or whatever.
But the benefit of using a business structure is that you can spend the money that you bake before the end of the tax year.
And that's the best benefit of a corporation, anywhere you can. You can spend the money first and then pay taxes on what leftover. Where did you get the money individually? like as an employee, for example, that the taxes are paid first? And then you maybe get a refund later on or whatever?
So that's why I recommend those. But yeah, I can work with people in those countries.
Perfect. Perfect. Number six, can I exchange property of one kind for property of another kind without a tax consequence, or at least without an immediate tax consequence?
Right. You can do that, and that's what we're explaining. A lot of people have heard in the states, where you have a 1031 exchange. But this is a statutory statutorily defined transaction So everybody gets confused, they think, well, that's it, that's all you have.
If you're not doing a 1031 exchange with real estate, for example, then you don't have any way to exchange to unlike properties and get taxes from it, which is not true.
If I were to take a, here's an example, web hook. I wanted to buy an apartment complex, because I just made a bunch of money in Bitcoin.
Let's say I made $5 million US dollars worth of Bitcoin, and I don't know how many Bitcoin that would be.
But, it's a lot, so, I wanna, I wanna move my $5 million with a Bitcoin Bitcoin, I'm gonna move it to my trader and I'll hold it in my hand, I can walk to anybody, and I can trade my $5 million with a Bitcoin for my trade. Well, I'm gonna open up a qualified escrow account.
Now, qualified escrow is the same in any country. Should the counting rule qualified EBSCO, just means it's an arm's length transaction at the escrow agent, it's not your Uncle Bob for example.
Alright, it's actually a company that you have no interest in.
They have qualified escrow account, you write up the contract to buy the property, you want to get into, you make a deal with the seller.
You open escrow with your Bitcoin wallet.
Do you close escrow and the agent will pay the seller.
Whatever he wants Maybe he wants Bitcoin or maybe you want dollars or maybe you want to pillar that's how you, that's how you move your money.
So now, I'm going from Bitcoin, my next asset.
And I've not gone through one of the currency.
And that's a beautiful thing.
Now, let me ask you this. Let me ask you this. How would that work? So for example, this next, this next rally, we get in crypto, and I believe in at 100%. I don't, I don't see there's any way around it.
Not only me, but a lot of people listening to this are going to be worth many, many millions, Some of them were already worth many millions at the last ross.
So, was I, And so, I am actually an advocate of telling people on all of the big rises that we take 50 to 70% off the table. That never goes back into crypto. So, when that comes off the table, and there's a person like me, who has sold that into dollars, and I have an exchange, like, for example, the one we're using in Australia. And they are saying, Hey, we need to send you this money.
We need to send you this map. So they're going to be sending me money millions of dollars from Australia to here. I know you're not an advocate of using the wire system, which I agree with. I know the banks are there to steal the money and call it. You know, they call. They, they're, they're, they're playing the one, the crowd, look, they're saying that it was a hacker, that stole it when, in fact, it's just the bank that stole it, and I agree with that 100% now.
I want to get that money here.
Now, I want to get it here, were then I can use it to do some of these types of transactions you're talking about And obviously, you know, just just going for not selling your crypto. But the big thing is, is that for a lot of folks in here, they want to capitalize like it. If you look at a big spike in Bitcoin, that takes you from a $5 million account to a $25 million account, it's not going to be there long.
If you go to Cash in and it's, you know, by the time you can push some buttons, it's changed a lot. And so, I know for a lot of people, they want to just be able to send their crypto, sell it to dollars, and now send me the send me the dollars. As opposed to, you know, work out a week long or two week long transaction with an escrow service to make a purchase.
So give me a scenario in case of how, for example, me or some of the folks here, would number one, move that money back here?
Would we be moving it back to an LLC, so it's just sitting in a pass through and then from there, what would be the next step to to then start, you know, without giving away all your trade secrets? John, I'm not asking you to do that. So just just a ton of mental, and in real basic terms. Give me an example there.
OK, there's a couple of things we have already: We're all focused on, when we're gonna get rich on his Kryptos. Right, but you're probably not so much focused on, What am I going to deal with all my wealth?
Sure, because, Yeah, so that's the real challenges.
People think I'm going to retire after that, and I think you're mistaken, because when you're managing $50 million, you're not retired.
And if you get someone else to do it, Yeah, well, I don't know if that's even feasible.
So you want to have an asset plan.
So, what am I going to do with my new windfall?
So, I have an example of one and I've used it parts of it over the years.
I call it a postal windfall plan so it's kind of generic.
I've used it with people that you know headstart, windfall their commercial real estate over So they want to get out of the app that you're in And I'm always biased against the yacht so that's how my plan is written.
The first day, did you get out of the athlete you're in, so that you have deferred taxes or whatever, you're not exposed to the risks.
And then your second stages acquire the asset?
Oh, people would call asset allocation.
So, you want to have a plan, like, Now, how do I develop that? We can get into more detail on that. But, basically, you want to develop an asset plan.
And I think the best way to do it, is you want to buy assets that you understand this, or that you can acquire the knowledge. That real estate is a pretty easy one, because I'm not saying you have to be done to be in real estate, but real estate is the easy access to get involved with you. If you don't know anything, you can get a mentor.
The real estate should always be pull your polio, and then you have a list of other things, and I can share that with your group.
Do it, I can Bella. You guys can do a little a little it down. And do you want to do?
Perfect, OK, now, here's here's an example about and I know I don't like these wire system. I mean, I'm dealing with a client right now in Hawaii. She's trying to wire money.
and the bank's just sitting on it for no reason.
And I told her not to do it.
But she wanted, she didn't want to do it. So I can give an example. I helped a woman recently move money from Iran.
Now you would think, Iran. How did you get money out of Iran? And she wanted to bring it to the state.
I showed her how to take it out of Iran from the Rio and bring it into dollars. And we didn't use the Fed Wired.
It cost her a little bit of money, a point, or two, but she stole it.
Exactly, so maybe he paid a few percentage along the way.
And I try to minimize the cost. I mean, I don't try to make it go crazy that, you know, expensive, yes, Pragmatic can do it that way. Now, here's another example. And I'll get a chance to share the people, Because most people I work with are not working with 10 to $50 million.
But if you are, and you want to do some fun things, and you want to get some assets in, maybe you want to do some stuff outside your country.
Here's the thing you may want to consider.
You want to use an example of a Vault service.
You want to use a Vault service, like Malka emmett's default service, right?
So you can, you can open an account at Malka commit, and you can acquire precious metal in different ways. You can wire money. How do you want to do what? you can deliver it? You can bring them a check, whatever they do, you can ship it to them.
You hold precious metals and are allocated Vault service.
And when you do a transaction with somebody, let's say it's in another country which more than likely it will be close and settle your transaction in that vault's service with the counterparty.
So you have another party open up his account on his account or whatever he's going to do.
And you can actually have the Bulk Service act like an escrow agent and close, Close your transaction, no foreign jurisdiction without money changing hands, so to speak.
I don't know if that makes any sense. You can under follow a permanent thing, right? So I think there's great. I think what you're saying is open and open vaulting Service in Iran.
Then come to, I think, your your story. If I remember correctly, the woman wanted to send it to New York, So then she comes to New York opens Vaulting service there, and she just close this one into the other now.
It's now it's over here, OK, that, he didn't do that, but there's, OK so that you can do stuff like that, But what I'm saying is, Let's say you and I want to do some transaction, and we weren't sure that'll the account. We want to transact with the other by some real estate from you in Canada. Well, we don't have to settle our transaction with money in Canada. We can settle in Singapore.
If you have a Vault service account, and Singapore, and I have an account, what we would do is this telephone service to transfer some money from my vault to your vault, because it's all allocated the transaction takes, place off shore.
But the deal that we want is in Canada.
Well, now I got the money. Or you got the money, Yeah. I mean, see how that works? You can do it completely out of the jurisdiction that you don't like.
That's great, and all well within the law.
Yeah, I mean, that's how it's done. Anyways, I didn't invent that. I just copied good people. I copied smart people.
Yeah, I think it's important to right here, as we're almost done with our questions.
You know, tell, tell these folks here a little bit about I mean, I've heard you tell some stories about how you used to go sit in, you know, the the courtroom and listen to case law. And you used to go to the law library. Just tell these folks a little bit about how you kind of got this has worked out, where it is not your whole life story, but give them a little idea of what makes you qualified, I guess, is what I'm saying, and I think you're very qualified.
Well, when I, when I was in college, I came up with an idea, teach kids in fourth grade, high school algebra.
Like, I did it, and I wrote a thesis on in college, and my my professors said, Why don't you actually do it as a business. And I did, and it worked, I went to the schools, and I taught the fourth graders, High School algebra, like one hour.
one hour. Like, a, you know, it was like an event to the school. I didn't, I wasn't a teacher at all.
And so, I went to do some research to find out if it was feasible for me to do that, like on a large scale, and I felt I didn't want to compete with companies out there like Milton Bradley and whatnot. Because that's what I was doing. I was using game.
So I decided not to get in there, because I thought the market was saturated. I didn't want to deal with it. And I was looking for something else. And I kept hearing a lot about credit card, and it was a big deal back in the late eighties, early nineties.
I started to do some research, and in order to do the research, I had to go in the courtroom.
That's what led me.
And I actually went through the courtroom, and I took note Liquidities attorneys, and I read the rules, and I went and talked to debt collectors firm Owners of companies that were, you know, doing this stuff. And I started subscribing to all there.
Industrial or there, let's call it Association magazine.
So, I knew what they were doing internally.
I reverse engineered the whole system and I came up with a strategy, because I saw a big gaping hole, and what we could do to help people, so, that was the way back when I was working with consumers.
And I and I then I figured out after a few years, Really working hard, and learning the legal system, I realize that it's not that complicated, because all I do to protect the client, but lots of dead or ... problem, tech problem.
It make him so that he's uncollectible, then I don't care what they do in court and all this stuff.
So I've developed over the last 20 years, I started 25 years ago, so, like, over the last 20 years, I figured out different ways of making people uncollectible. And in the course of doing that, I figured out all these strategies. And I started working with, not just people with lots of debt, but people with lots of money.
That's how it developed.
Give people a little example that I heard you share an example on one of your YouTube's about how, know, people who are having the bank, you know, call them up, and say We're going to foreclose.
I mean, I know a lot of people that got sucked into a very evil system there, where they were kind of just for a lack of knowledge. People were tricked into. Oh yeah, you gotta have a real estate and you gotta buy it and you gotta get your loan now. Now's the time. And I've heard you talk about how you've helped people to keep the bank from foreclosing on their property by them foreclosing on it themselves. And, can you, can you, can you touch on that as an example of some of the things that would be? if I did that? Now, that is one thing I have not developed. And I'm not going to, because I've got everything.
But that I've created lien situations. That block wage, Garnishments, so that people don't have to do bankruptcies.
And everything else equity stripping, you name it.
But when it came down to doing it, what's called a friendly foreclosure, I just decided not to do it because I think that whole system is dying now, anyways.
And it doesn't really serve people, I mean, really, what I would rather do is show people how to get their net Catholic with a credit the way to with a poor credit score. It's, I think it's more productive for people, but, yeah, I mean, really, you could.
You could, you could exhaust the mortgage lien on the property. In fact, you could do this in any country.
You can exhaust the Mortgage, Lina, Here's the way you can do it.
You could not do it in the seventies and before, because back then, the banks were holding the paper.
It wasn't until the mid eighties that we were able to, actually, the late nineties, when it really kicked in, when the banks realized that they had the courts on board, and they did not have to have actual an authentic document. They could come in there with photocopies of documents which are all forgeries.
And the Court would go along with it.
Because that is the case now.
Yes, you could exhaustive foreclosure with your friends.
He could foreclosing or how and transfer the title into a company and strip the claim from the mortgage on the public record, And no one else could do it.
And then here's why Here's why would work, because the banks wouldn't be able to prove that any of them had the right to foreclose beyond the one that did foreclose. Whoever foreclose first would win.
Mmm hmm. Yeah, so I want to make a point here of listen to just about everything I can find on John as my way of getting to know him when he and I are not on the phone. And what I love about, John is, again, he's not, while there are some things out there that you might even put a parentheses around and say maybe a little shady. He doesn't really know. He'll, he'll talk about and say, hey, there are laws out there that allow you to be just as bad as the bank is so to speak. But some of them that fall under those parameters of maybe a little shady, or whatever he's like, he just said, I will, I will develop that. I'll tell you about it.
You go to your own research, But you know, there's always a play there for the person, who's not the bank, and mostly they don't know about it, because they have not spent the time John has researching it. Is that pretty fair statement, John?
That's, that's accurate, and there's more, there's a moral aspect to this, too, because I think, liked, by keeping people in their same habit.
By not letting them move forward and learn something new, Even though it's tough for some people, they get, it's hard for them on time, But if you're not going to believe that that person can learn something new, it's a disservice because I'm just feeding someone's addiction or feeding he is ignorant.
So I want to make sure that someone's gonna be better, often in situations. But yeah, I can, I can keep a minute, how for 3 or 4 or 5 times, eight years.
I can keep them in its health, and he won't pay anything.
But I tell them in the very beginning, find a house.
I'll show you how to get, buy a house, and I'll show you how to deal with bad credit, and I think that helps that person out.
I remember, I had one person call me, Gosh, this is like, maybe 18 years ago, and he goes, Yeah, I've been following you. I read your website, and your article, your book, and it's often than, I want to do this, and I said, what do you want to do? And he goes, Well, I have excellent credit.
I'm gonna get all the credit cards and charge them up, and then I want you to help me get out of it.
And I said, I'm not going to do that, because you know what I'm going to do ahead of time. I help people that got surprised by the whole thing. And now they're trying to learn how to get out of it. And I'll help them one time.
People, don't, you, ever stated by the system of debt? Because, again, it's a, again, Our people perish for lack of knowledge. So there you go, they don't have the knowledge, they're just following along. I mean, we live in a country that has a negative, 17% savings folks, 17% savings. So how the **** are you going about mortgage or buy a home? And write a check for car or whatever? And so it's just all about what we've been taught and how we've been indoctrinated in this process with John is about getting re indoctrinated and that starts right there with being responsible with money, which I'll talk to you guys are all the time. So it's really cool. Let's jump, you can. Go. Did you have something else, or John?
No. That's good. Yeah. Let's jump back in here. We got we're down to number seven and I think we have to. 2 or 3 more after that. Does the funding of an investment create any taxable or re portable event?
Right, then I can think of, I mean, when I buy stock, it's not reportable, but I mean, you can see it. You know, in an account, whether it's a title to the account holder, the account holder, the title, the money.
If I've got, I bought an apartment cut, like, if I took after tax money and I bought an apartment complex as an investment, well, that's not taxable itself.
Know, it's just the income generated or the sale of the property. Then you have a question of whether or not it's reportable tangible for sure, I mean, funding and investment. If not hackable.
Gotcha. So number eight. We had his tax plan, tax tax planning is less important.
Then wealth planning and asset allocation. I think you touched on that a little bit. I'm gonna let you go a little further there.
Yeah, I always answer people's initial questions about the taxes, because everybody wants to talk about that, but I say, OK, fine, so we can deal with that, but just realize that you're better off financially and being responsible with money.
that plan, your wealth and taxes are a side issue package. Should be the last thing, because that's easy to deal with.
But when it comes to welcoming, you should understand, like, things like net present value, asset, allocation, and what I'm going to do, and how do I engage risk?
And those, those are the most important thing, the taxes are last. really.
That's what I hope people understand. Well, happy to talk about taxes. But let's do the right things.
Yeah, and I think a lot of the reason why people talk about taxes is because I think there's a imposed fear in people's mind about it because why? Well, heck, they took Willie Nelson in jail. They certainly would put me in jail and then lastly, snipes in jail. So say, Certainly put me in jail. And so what I want to ask you, John, because I think you would be probably the best qualified person on Planet Earth for me to ask this to.
You've been working with people for how many years now, 25?
How many just awesome raw ballpark figure if it's not too personal, how many clients do you think you've helped?
Overall, probably 30,000 or 30,000.
And out of those, when you're dealing with someone who's got the IRS coming after them or the IRS coming after them because they want money from them or because they want to put them in jail, it's always for money.
I've never had a case, in many IRS cases, I've never had a case for someone who I want to get. You know, you did something wrong, like he's gonna get get indicted.
Yeah, and then, nothing ever develop that way either. I mean, I've never, I've taken cases where, OK, in the beginning days, in the late nineties, I used to go to travel around the country.
The states and I would go to audit IRS audit, and I would spend like two days with the client edit, how usually.
And I would go through his records, and my purpose in there was to get them through the audits with giving the Iris nothing.
And a lot of cases, the client was already under contempt or when the district with the district court.
So that's why I would go there, because I would actually go there and talk to the judge.
I would actually go there.
And I would, I would walk into a courtroom with the client, and the judge would always say, are you a member of the bar?
And I would just come, and then I would show the judge why he or she wanted me to help the person you're in trouble, because it would be less of a headache for everybody.
And then, they would always agree, and that would fix it and move on.
Isn't that great.
Yeah, so, like I said before, Jon, you're my guy, OK?
All right, you're that guy. and I want to tell you guys, to everybody that's listening, I expressed to John that I don't want John. And I don't think John wants people to have him on like constant retainer, so to speak.
He wants people that are willing to take the responsibility to learn this stuff.
So, I told, John, I said, Look, I don't want to know what you know. I want to know everything, you know, and I'll pay you to teach me to be my coach no different than you guys. So you guys are paying me on a monthly basis through Patreon.
So that month, after, month, after month, I continue to bring you information. And maybe that's something for you, John. I know you're maybe to private for that. But I can show you how to set a patron up that's completely private by the way, minus minus set up completely private. No, not in my real name nothings in my real name. No, nothing, I have our own or use, or no credit cards. No, nothing earned my real name.
Nobody even my wife. Sometimes, it's like, tell me again what your real name was. Given in our home, we don't use our real name so that we're used to using a fictitious name. I mean, I understand the straw. I understand the straw man really well, and I understand if they, if the government can use me all over the world, then I'm going to use the name I want.
And so, I just wanted to stress to people, and I got a little bit segue there. But I just wanted to stress to people that if you do decide to use John's services, be responsible to take it upon yourself. When he's teaching you something to then go out there, and, you know, take, take some personal responsibility to become a little bit of an expert on the topic.
If it's that important to you, and what you're currently doing in life, you know, go the extra mile. Don't just sit around and wait, don't coach to hand feed you everything. like, when he tells you stuff, for example.
You know, he used a word earlier called Exhaust. The mortgage lane, maybe you go out and you learn, what does that mean to exhaust the mortgage link? He uses words. And when I'm listening to him, I'll always writing down.
So then afterwards, I can go, go, Oh, what does that mean?
Because one thing that I think John, will back me up on here, is, when you stand before A judge, probably one of the, one of the things that matters the most in your knowledge is, what do words mean.
What is it?
that these words we're using in a courtroom mean, because, you know, it's, it's a game, you're on one side of the court, there on the other side. The court, you're hitting the ball back and forth, you know, to just and the judges sitting there playing referee, OK? He's right. No, no, that's right now. He's got case law to back that up, blah, blah, blah. So anyway. I love all the research. You've done, John, that. I have never done, I've done a little bit of research, you, you've told me that I've got some things set up, fairly proper, but I couldn't, I couldn't wait to get you on the line and interview you, and then also start working with you. So anyway, let me, let me, let me get back to what we're doing here.
Let's see here. Number nine, I think we have one more after that. What do we do after receiving a 1099 K from the exchanges on our personal accounts?
Now, this is something new, and probably you guys don't care mostly.
But if you got a 10 99 K, you're gonna get an update, and the way it's going to be recorded, it's going to make it look like you've sold all your crypto.
I wanted to cover this in case of y'all see something like this, or you know anybody. And it's a lie in fall 2099 will be false if you didn't sell your crypto.
So you have to do something that no one's going to tell you how to do.
There's a process that the IRS has, were you asked for determination?
Add to those numbers on the 1099, so you can get it corrected?
Basically, you will not be able to get the exchange to correct it, and the IRS will not corrected unless you ask the IRS in a certain way.
You have to, like the one, I just did, a six page letter, you have to fill out a bunch of document and then to the IRS and in DC.
And it takes 45 days, and the Secretary of the Treasury issues a determination. And they'll correct the 1099.
So, if you get something like that, just know that. Don't freak out that you have to deal with.
Very nice. We've got one more question, and then, John, if you don't mind, I have a personal question. I didn't even write down, but a lot of folks in here are.
And I am preaching this day and night day, and night for the last six months to them, some people in this, in this forum, they only have maybe 20,000, or 50,000, or $100,000 in crypto. Not that. That's a small amount, but we have all seen, how quickly.
I was doing a one-on-one session a couple days ago with a guy who had put $50,000 in crypto a few years ago, and it was $6 million in December. So, we've all seen how quickly the money can go into the very large sums. And so, I've been preaching to everybody about getting their life private right now. Because the last thing you want, is to be this local Bitcoin millionaire, going, oh yeah, it's me, it's me over here on, you know, social media and I've got millions, and crypto don't you. And I'll teach you how to do it, blah, blah, blah. And so, you know, because it's a good way to lose a family member and then be being asked for your crypto to get your family member back. And so I've been really preach in the privacy thing, and I wanted you to maybe take that to the next level.
And also explain to people, you know, are there are some entities you can help them with, to help them with that anonymity when it comes time to purchase an asset? Come time to purchase a car? Maybe they want to know whatever it is they're, they're into. I'm not going to try to put anything in their mouth, but can you speak on that for just a minute. I know you're big on press.
Oh, absolutely. That's the biggest factor. And everything that we're talking about, you can get rich all day long or whatever, but you don't have privacy. You don't have security. You don't. Your your privacy really is your money.
So there are different levels of privacy, and we give it up all the time. We don't even realize it, though I do, I do like to show people that, I take them through a theory, but it might take me three months. It might take me a year, but here's an extreme example, A woman who attend.
I won't tell you what state, but, up, north.
And she was literally being stalked stopped by the police.
It's weird scenario. But anyway, we think Slack widely thought you're crazy at first. I did some research, and I figured out she was right, to tell me the truth by ..., and I literally made her disappear.
So, her problem with her physical presence, he actually had to move web part of what we did, and I basically, it's like witness protection program now that was an extreme example, It's like one I did.
I don't do too many of them, but for the most part, it's a very simple thing, like, if you're a California resident, that's probably not a good idea.
Um, and so, I go through different levels of privacy, for people, and the focus is on resident, where they establish residency, because residency, it gives you and all kinds of trouble, or it can help you.
So when I'm, when I'm working with a client, here's what usually ends up, I showed him how to live normal life without huge changes. It's a bit of a lifestyle. A little bit of a lifestyle change, but it's an improvement.
So that, he looks like a tourist, mmm hmm.
So when I start thinking like that, like, how can I look like a tourist.
Yeah. Write that down. How can I look like a tourist?
It's kinda figured out that if you leave another country and come here as a tourist, you have all kinds of rights that I don't have, and if I were to leave this country and go to another country as a tourist, I have all kinds of rights there. Citizens don't have, and I think it's, I think it's a real interesting parallel. one finally picks up on that.
I'll give you a quick example. If you want, if you have young people, like, I have a 17 year old daughter and she, she's not going to get a driver's license.
because, not because he doesn't want to pay 40 bucks for the license, because it's because of all the things that go along with the license, because it's not real life. It is a prison, basically, with a real ID Act and all this stuff.
But for her, what she's going to do is get a license. You will get a license, but not in the state.
In a foreign country, like South America, somewhere, she'll get a license, then use that here as a tourist, so she did a traffic stop, it's enough to, the cops will respect that, and I'll let her go that, you know, people won't be penalized for not having the light, put it that way.
Hopefully, I've heard you give examples of getting passports with all zeros and stuff like that. So these are all on that same line, right?
Yeah, there's more to it than that. I mean, there's more forms of ID. There's also ways of protecting when you disclose information. Like a service provider like your doctor.
An idea that you're giving are not giving out if you'd like, and show you how all that stuff. But there's levels of it, so it depends on where the client starting from, what he's willing to do. Like some people just like, for example, a physician having an office in California.
I can, I can whittle it down to that. I can't make that change unless he's going to move out to California and the physician in Idaho, right, so, there's some things I can't do. But for the most part, I can show you a couple things, like here's a simple one.
Nothing requires you to receive mail in your name, at your house, and you ********.
The same thing with truth, your driver's license. You should not have your home address and your driver's license. I don't care what the statute that.
Yeah, and an example of the male could just be something as easy as picking another state. and paying $100 a year to have a male surface.
You can do it that way, or you can even do it for free. I mean, I could probably call a friend in another state.
Here I'm gonna get the mail and the address the bill. that OK with you. Let me know what you get. Yeah, exactly. And you can, you do the same. So you just kinda thing.
I have a metal precious metals back to my house because I'm, I don't feel like going to the post office box and I want it right away, right? So, I order my precious metals.
And I have it then, you know, Marvin Gaye, or you know, at my home address.
Hey, I, I, I buy from companies that will address the return of the return package. So address it. Like machine part.
Because, I did have one. It was funny because they do that. So, my, my post guy, that always, you know, comes to my house.
I met him out there and he didn't know the end. He said, Hey, I know you should get all these boxes.
I already already. We're ready. Didn't even faze me. I said, yeah, my dad will rebuild the car.
Perfectly, you know, so that's the other thing, too, about privacy. You want to have you back, or an explanation, or like I was the victim of ID theft, or my wallet stolen, or, you know, things like that, that people need to know the truth, for your security.
Sometimes it helps to know that, yeah, there's different levels of privacy.
Absolutely, yes. I look forward to you. Teach me all that good stuff, and help me. I know you can you go as far as cell phones and the whole bit? So I'm looking forward to that, and I think everybody else has to. Now, the last question I had was this.
I have heard you talk about preparing to potentially leave the country.
There are a lot of people in this forum right now, listening, and one of the number, one topics of conversation is, people are trying to figure out, like, where is that spot on? This ball of mud, where it could be better?
I mean, so, just to kinda preface that a little bit, here in the United States, we have we have the last little, um, semblance of freedom where we can at least, you know, pick a religion. Or, you know, we have a little, just a teeny tiny bit last, we can still buy handgun you, know, those kinds of things. But, you know, by and large, to me, it's mostly a police state.
And for me, I filled up two passports.
I've traveled the world, and I've found myself far far freer in other countries than I did in my own country.
And I was just wondering if you would talk about a little bit, you know, not necessarily, if you've picked a place that's for you, and your family, then you disclose that to everybody.
But number one, are you still thinking about doing that, then number two, yeah. Are you number two is, you know, how does it, how would one really go about researching? Where is that?
Like, to me, what I've found after traveling and filling up two passports is that no.
While you might go to one place and go, Oh, there's all these benefits. Your first $98,000 is tax free, right? Whatever it is. But then when you get there, you find out, Oh, but I can't, like protect myself with a gun or I can't, you know, there's a lot of things I can do. So, to me, it was always a give and take, and kinda got to the conclusion that, you know, it's really not any better anywhere else.
But, can you talk about that a minute?
Yeah, that's a good question. And, I have the same concern, my concern about leaving the countries.
I want to start some new projects, and I don't want the three letter agencies to mess with me, and I deal with renewable energy primarily.
I like rural places, but, you know, my wife like my city, So, you gotta have some, put a balance there.
I do like to be able to defend myself with weapons. All right now. I want to have them close by, though.
I want to find a place where I can make arrangements with the local jurisdiction. I have to kind of respect that, because it is their territory.
And yes, even though there may be a law about, a certain thing, precluding it from something like for example, having a gun, right? The scope of my wife where we want to go.
He said, well we're not allowed to have a gun there.
And I said, Yeah, well, we can, see, you can organize it, because there are people with guns. No jurisdiction. that fit telling you, You can't have the law of say, you can have a gun, but I guarantee you I can show you where you can find someone who has a gun and the government. So that's cool.
So you can do pretty much anything you want you didn't have to work with the people in that area. There's different ways of doing it Like I gave you a quick example on that thing.
Bribing a government official is always the way to go.
But I'm just saying working with people, OK.
When I wanted to get my I taught my wife had to drive so then I wanted to get her a driver's license. So she could have I went back to that country.
And I just went to the DMV and I basically said, hey, how much would it cost to get a driver's license, and the guy said, I stand in line over there.
I said, No, no, no. How much can I pay you to just issue a dry flight for my wife?
And he goes, Oh, OK, well, I need $50 and pay my friend over there, $50, and he'll take the test for.
We did that, and that would fall, right? So I got a driver's license, which is paid for it. He already knew how to drive.
If I wanted a gun, I would work it out with the local police, I forgot, I would like to donate annually to your organization. I think you're awesome. And, what about two grand a year?
Would that work with you? Or, maybe I'm going to do a thing for you guys, right?
So you can work something out with, they can get you out. If you want to have a deadly weapon, they can get you out because that's really the concern. Are they going to be on the hook?
If you hurt somebody, you gotta, you gotta work that out.
OK, so the way to qualify jurisdiction is, I mean, I think there's a lot of benefits in the state, I think, if you have land, you're in good shape. But here's where we have a problem, and, again, it's my physical safety that I start with. I don't care about the money system, because that's easy anywhere. But when it comes to physical safety, if I'm going to make something that's going to compete with the Oil Companies, or Gazprom or something?
You gotta be careful.
So, I would pick a place where it's rural, um.
But you have access two things that you need.
Um, like, you're just thinking like, like, Guatemala, for example. My part I've never been to Guatemala. my partner said in Guatemala. you have moderate things. But they're still rural areas.
So you want to, you want to pick something like that, where you can do what you want to do.
Here's the thing.
If you want to do some research, you'll want to look for what are considered resilient cities.
Have you heard that before, Jay?
please carry on, OK. Alright, resilient cities. This is like the most evil thing ever.
What's happening is you get people like the rock yield and the Rockefellers and those those people that have a Stock Institute.
What they're doing is they're funding the city and they're getting the cities to Adoptees Resilient City norm. They've basically hijacked our major cities with a population.
There they are forcing their microwave towers and all these other changes, the smart meters, are forcing all that in on everybody because this will kill our microwave tower.
So, where are you, where are you going to?
OK, so, let's say I'm gonna use my Mike. kinda live in Orlando right now for my in Florida. So, my, my research has shown me that just outside the city bound is actually a target area for the resilient city of Orlando.
They want to actually, there are things they have in plan to force people off their land. To come into the city.
And I don't want to get into too much detail on that.
So, if you want to find land that nobody cares about, but you don't need to go in death valley, OK? He didn't need land that is not on the resilient cities agenda.
So, how do you find it? Well, you have to go shop around, to pick the place where you think you're gonna go, and go look and see the nearby city.
And see if they're getting funding as a resilient city.
They think they have big goodbye, other things, like, um, Mark City, strong cities like the one Bill Gates is doing outside of Phoenix.
Exactly, Look for those. If you see those, go get it. You can get, they publish everything they're doing, to check and see what the agenda thought of the city.
And one, just real quick, one thing that they have in mind is to make it look like water.
It scared, because they are promoting the false idea that water is a is an unlimited resource and if not, at the renewable resource.
Do they want to do it that way so they can then.
Start to walk out of the water table. Let's say that's kind of funny but that's what they're wanting to do.
Select the water the water table and then you won't have water on your land and then they could come in there and they can they can declare your land is uninhabitable and take it.
These are the kinds of things that you should be concerned about, not too much, the money, the money thing. It's easy.
But it is your actual physical safety.
So if you want to find a place that's out of range, consider what is the Resilient City Program in the area where you're looking at.
I'm just writing a couple things down here. You made a statement that, I was like, What did they do a double take?
You said, water is a renewable resource, is renewable water. So, it's been here for how long does Earth than 4.5 billion year, water goes into the atmosphere. We should be, we should be pulling water out of the atmosphere.
We can, we can get, you can put one of your backyard.
It's about the size of a washer, you can pull water out of your air, Easy to get water, you can get it from the air, from the ground, you can collect it, there's all kinds of ways to do it.
Yeah. They're gonna make water the next oil the way I see it.
That's possibly, yeah. We don't understand that water is a renewable resource. Yeah, they can, they can trigger anything, it's like back in the, in the eighties. When we're talking about global warming and stuff, I said, guys, I'm not a scientist.
All my friends know about global warming and said, Look, what does global warming too much CO two, OK?
Keep in the hot sun to the Earth Bear, but, No, it's not because you have A, you have a perfect balance of CO two in the biosphere, and it's always the same as so many parts per million of CO two. If there's more CO two in the biosphere, it'll get absorbed by the plant.
It doesn't become form. There's no such thing as an out of balance, CO two. It always gets ballot.
Nature is comprised of feedback all over the place that you're never going to have too much CO two.
Just like you're never going to have an overpopulation of any animal or species, You'll never have an overpopulation, because nature will hear that you don't have to do anything.
There was something I was going to tell you, Oh, I was going to tell you. I will tell you, and I'll tell everybody else. So one of the things I've been doing recently in my spare time, which is like, I don't know, 30 minutes a day, I've been researching as a renewable energy source. I've been researching.
Finding someone that can build me a custom solar generator, and I now have ordered a solar generator. I've spent little under four grand for this one.
And I kinda went a little overboard, but I have the ability now.
If the grid does go down, or if I even needed to live off grid, I've got this renewable energy source where I've got 6000 or 3000 watts of power, consistent power. So it's, it's, it's going all the time. It charges on wind in less than two hours with a little two foot turbine.
It charges with solar in two hours.
And it'll charge in about 2.5 hours off of a car running an idol.
And then, I can also, of course, if the power is there, you can plug it into the wall.
But, most importantly, is the wind and the solar side of it, where you can literally charge up 3000 watts of power in a day, six times, six times.
So, for me, I wanted to be able to run a well pump, and I wanted to be able to run a washer and dryer if all the, if everything hits the fan, that could possibly happen in our future.
I don't think we need to be worried about keeping refrigerators going personally, because you're not going to have any food by a store to put them in Frigerator.
But the thing I'm concerned about is, know, being able to wash our stinky clothes because now, we're taking baths and cold water. People are going to be taken a minimal bass and then I want to also, I want to also be able to get water out of the well, you know, I've got stored water, I've got about one thousand gallons stored water, but I want to be able to also get it out of the well.
And so, right now, I don't have the ability to put a hand pump in my wells' way too deep for that.
But I can run the well pump with my generator. And so I just wanted to tell you, and anybody listening, I have a source now that custom build solar generators. And he is phenomenal. These solar generators have a 25 to 30 year shelf life. He uses the best battery on planet Earth.
And it's expensive. I've tried to buy myself, wholesale. And they are very expensive. But anyway, just just a little side note, since we were talking about renewable stuff.
John, thank you so much for doing this. Thank you for taking on the group. Those that, I know you have already heard from a lot of people. They've already been calling you, talking with you. Talk was more than a couple of my close friends that are here in this forum, and they say, Hey, I've got my appointment set up, and they're all excited. And I think that when it's all said and done, you'll probably have a couple of hundred new clients out of this group. There's 279 people in this group, so probably I would say somewhere around a couple of hundred. What would come to you also, I really believe in full disclosure John, and it's a moral thing for me.
I just would like for you to You, You had no idea, I was going to ask you this, so I'm kind of pop, and this on you. But I would like for you to let everybody know here that I did not ask you, and nor do you and I have any arrangement for you to pay me anything, for helping these people. I just wanted to give them some good help. And I was just hoping you can verify that. For these, guys. Everybody knows, because I'm making money on something. I don't have a problem making money. But I like to tell people I'm making money on it. So they know, and I just wanted people to know, I'm not trying to endorse John here, so that I can make some money on the side. I just want people to have the best information they can to really protect themselves, and I think that you're that guy. And I appreciate you doing what you're doing. I think you're taking a risk, and thank you for doing it.
Well, I'm glad to do it. Really, anymore, People I get to work with, the more, the more I learned to, and I like doing it.
OK, we'll hang around for one second. I'm gonna end the recording here, guys. Everybody, have a wonderful day. And John, and I are going to talk a minute, offline here.