Live Stream with Jay, George & Special Guest Seth Hicks, esq

0:05
Good morning, Winners, ..., Thursday, to you, July seventh, 2022.
0:13
Are you guys fill in the love?
0:16
I am feeling the love.
0:18
I think the rest of 2022 is going to be an absolutely unbelievable year, whether crypto co-operates or not. I couldn't give you that crystal ball. But I can tell you that in my life it is going to be a phenomenal rest of the year. George, how about your life?
0:38
My life is going, Absolutely wonderful, I math, we're gonna go to our little hidey Hole for the next two weeks, but I will be our been around, because we're going to do it with a bunch of family, So I will have time to, to enjoy life myself.
0:54
So yeah, things are going great.
0:57
That's wonderful, that's wonderful, good. Well, guys, listen. We're not going to take a whole lot of time here getting started.
1:04
George, I'm gonna let you lead the show, but I'm going on, Introduced my really good friend.
1:12
Gosh, I can't say enough good things about him as a friend.
1:17
So I won't.
1:19
I will bring you guys to tears today, by going through all the good things.
1:23
I can tell you about this human as being a friend, but the world needs more Seth here, because I can tell you that there are no perfect people in the world. I'm not perfect.
1:33
He's not perfect, but I'll tell you what. He's a phenomenal human.
1:38
He'll bend over backwards for you as long as you're willing to give as much as he is and I'm just very honored to have him here on the show.
1:48
And I'm also very honored to call him friend. I didn't used to know him as a friend. I just knew him as a patriarch and as a person with a service to offer that I felt was good for everybody.
1:59
But today, all these years later I've met him in person. I've looked right straight into his eyeballs.
2:05
He has mine as well, and, um, I just, I just think the world of him, I think the world of his whole family, his business partners as well, and I just want to introduce you guys one more time again to Seth Hix.
2:20
Seth, are you with us, Durham. Thank you, Joe, for that warm introduction and glad to be here, and glad to share some valuable insight and content with our audience today.
2:33
Appreciate, appreciate your hospitality, Oh, absolutely, we always love having you on.
2:38
And I mean, I have really the entire time that you've come on.
2:45
Now I know at times your partner Vance came with you, but we've never had anybody who came back to us and didn't just give rave reviews of you guys, your service. Not that, not that that necessarily matters to me. I mean, there's always extenuating circumstances and everything. I know the level five that I give people, and people are all over the internet, calling me a scammer.
3:08
So, you know, I'm not saying that this means everything to me, but it does mean a lot when all you can get back from folks is, Hey, these guys are first class, and they're know, you're basically running your business the way I run my business.
3:23
And that makes me proud when I endorse somebody to do something.
3:28
It makes me very proud when the folks come back and go, man, these guys are awesome. And so, it's just a pleasure to have you every time you've ever been here.
3:36
And it's a pleasure to have you today.
3:38
George, I'm going to let you guys, you guys have the floor here.
3:43
I think you guys have come up.
3:47
Yeah, and, you know, I'm just going to take the screen really quick, just to do a couple updates.
3:56
And, OK, show this window.
4:03
I just thought that this was kind of entertaining has because I do, because Peter Schiff is, you know, big into Gold and he's really been anti crypto.
4:12
And it looks like your Pacific Bank in Puerto Rico is been, and they, they've locked all the funds up.
4:21
So, if you are a client, ero Pacific, we're not sure what's going to happen to your money. But, just like Jay has said, time and time again, the bankers will do what the bankers do and it's not your money and it's just kind of like, you know, when it's crypto, if it's not in your possession, it's not your keys, not your coins. So that I thought was just something interesting to to know, So maybe he'll look at crypto a little bit differently. And the other is just a reminder for everybody, because on the 13th, all your old VPN connections will no longer work.
5:02
Don't go down to the wire.
5:03
Don't say, oh, it was the 13th, and it was only eight in the morning, and I'm on the other side of the world.
5:09
It's going to be right around the 13th, and everything's going to be done East Coast time, when I have that time available. So make sure you download those VPN connection files. There's lots of videos under the VPN documentation right here. And just to let you know, and to remind you, that you can go back to this article that was posted, and all the links are right there. I've had a couple of people say, hey, I don't have it in the Downloads folder.
5:40
Well, the system that I have in place, so that you are the only one that gets those files, is in a unique download area, and it's at the top navigation, where it says VPN info, and you can download those, and other than that, welcome Seth. and I'm gonna let you take the screen, do you want to grab it, or do you want me to, to give that to you?
6:03
Um, go ahead, and you can give it to me, I suppose, But first, let me just lead in on Peter Schiff's Bank for, for a minute.
6:10
We talk about this, often, about the US.
6:18
Dodd frank Act, and that's for domestic US banks and citizens.
6:23
And we talk about that was passed in 20 12 in response to the the prior mortgage crisis.
6:31
and instead of baling in, I'm sorry, sort of bailing out private entities, private banks with taxpayer money, they decided to do a bait and switch and call it the dodd frank Consumer Protection Act.
6:48
And you guys have probably heard various people, Jay, perhaps Edward Griffin and others talk about the dodd frank Act. And they tried to dress it up, put a bow on it. With the Consumer Protection Act, you can see that at the end of the dodd frank Wall Street Reform and Consumer Protection Act. Well, the consumer protection part means that when you sign your bank documents, you give the bank.
7:18
The ability to control and own those funds. And your bank statement is effectively an IOU.
7:25
It's an IOU that went well when you need your money and you want it out. We'll give it to you.
7:30
Unless something like we're seeing, and then there's there with Peter Schiff's Bank occurs, or the bank becomes insolvent.
7:39
Let's say that there are a lot of bad loans that have been made on residential homes and a booming residential market, and now people are walking away, because they're upside down, just like they did in 2007, 2008. And the bank has bad loans. They don't have cash flow, and they're insolvent.
8:01
and people say, Well, I'm gonna pull my money out.
8:04
Well, if everybody wants to pull their money out, they don't have enough money to to pay everyone.
8:10
And the FDIC insurance, if you actually look at the numbers of what Americans have deposited in US Banks versus what the FDIC is solvent to pay its 1.3% on the dollar that comes from a Harvard economist that did that report. So we're we're always championing taking possession of your your own cash through private banking or through metals or through in ways that can be taken from you.
8:45
So that's very, very ironic. I think we're going to be seeing more of that, George.
8:49
I think we're going to be seeing more, Yeah, Mortgage crisis in the real estate industry, where prices top out, I mean, we've already seen it. I've seen articles, and in certain areas, where, you know, the title is how quickly things have turned.
9:06
And now buyers are asking for seller credits to buy down mortgage interest rates, or seller credits for something else, Whereas just a few short weeks ago, it's multiple offers over l'est all cash, and and now it's turning.
9:25
So I think in the coming months, we're going to continue to see.
9:30
At the very least, a correction, perhaps absolute capitulation come or just skyrocket about it in 2007. And 2008 effectively fell off a cliff.
9:43
And we're being told in the media, that's not going to happen again, this cycle, but I have my reservations.
9:51
And I think that we're gonna see some, some pain and some blood in the streets, so people who've been stacking up cash, looking for opportunities.
10:02
I think they're coming, and folks who are over leveraged need to come up with some safety plans or be able to weather the storm throughout the entire day correction.
10:17
So, yes, sir. Yes.
10:20
I'm going to do something here that you you and I did not talk about, but I'm going to do it in the possibility for plans for the future.
10:30
And I think you'll be OK with it.
10:34
Um, I'm gonna preface what I'm about to do with you guys, because I know that there's a number of people here, but by the end of today, you know, there's an awful lot of people that are here at this message.
10:47
So, whether you're here live or whether you get this message later today, If you are a person who has a million dollars or more in cash, a million dollars, or more in cash, and you would like to protect that money from any type of balen, any type of bellen.
11:14
Seth and I are working on a, on a protection plan with a royal family, one of the highest rural families in the world. And we don't know, we don't know today, this is my preface.
11:29
We don't know if we're even going to be able to bring this to people that have a million dollars or more.
11:36
But it would be nice to know who you are.
11:40
Have your name on a list to where you could have your own bank account with a fiduciary attorney on the account.
11:51
So you have an attorney that gives you attorney client privilege on every transaction, and your money be sitting with a royal family.
12:00
That is one of the highest in the land.
12:02
That guarantees your money, Guarantees your money.
12:08
I don't want an e-mail from you. If you say, well, when I get out of crypto, I'll have a million, I don't, I don't want to know about that.
12:16
I don't want to know about that. Don't waste my time with that.
12:19
But if you have a million dollars or more, and you would like to get that money in a protected bank account and potentially off shores and a protected bank account still having full access to move your money about the planet that doesn't change.
12:36
Please send an e-mail to Hinge team at proton mail dot com I'm gonna say it again: Hinge Team H I N J, Team, T E a M.
12:48
All one word inch team at proton mail dot com.
12:53
And when you send the e-mail, I want you to put the number that's a million dollars or more.
13:02
You say, Why does it need to be A million dollars, or more?
13:04
Because, listen, these people work in billions.
13:08
They work in billions.
13:10
And I don't even know if we can get a million dollar account open for an individual. But we're working on it.
13:17
And so, if you, if you send me an e-mail and you say, Hey, I have three point five million right now, that, I want protected. I want to know about it. I want to know what the number is, so, therefore, when Seth and I are working on this, It gives us a little bit of negotiating power. We can say, Hey, right now, we have, you know, 281 people, that equals $412 million.
13:42
So if you're interested in that with Seth and I, I would like for you to send an e-mail.
13:47
And again, I want to now preface it with a statement, and now I'm gonna give you a post statement, I don't know, 100%.
13:56
We're going to actually be able to offer you something but I think we will, I think we will, I don't know yet.
14:03
We are working on it and we're very, very close to having an account number assigned to us.
14:09
And so, because of that, I want to know who you are, I want that list of people.
14:15
So, I don't mean to interrupt Seth and I don't mean to spoil the party, because you and I didn't talk about doing this week. We actually talked about a couple of other things around this.
14:22
But I think it's good, if nothing else, to have the list of names of people who, if we get this done, and it all works out, we could call them immediately and get their funds protected, you agree. Absolutely. Absolutely.
14:38
And I think that in this environment, that you've gotta start to consider all alternatives for protecting your wealth, preserving your wealth, and transferring your wealth through time. And third generations.
14:57
And this is certainly one of the best privacy and financially free forums that I've ever seen.
15:09
So, let's, let's, let's also, too, I mean, I didn't think I'd even be sharing anything today, but now this is just like the stars have aligned here. So I don't mean to keep interrupting you, go for it. But let me, let me express something to you guys.
15:24
Everybody here and Sheth you, you have an intimate knowledge of this, and so do you, George, because you guys are some of my closest friends, and you got to hear about it before anybody else did.
15:35
While I was out of the country, before I moved, I have a couple of offshore accounts.
15:44
And they're pretty exclusive type of accounts that not just anyone can get.
15:51
And before I left the country, I move the bulk of my money off shore.
15:58
Lived out of the United States.
16:01
And that way, with a simple e-mail or even a text message, I could still move money around the planet, if need be without having to walk into a bank. That's what I mean by an exclusive bank account, and that's what I'm talking about to you guys today.
16:15
I'm talking to you about the possibility Having a bank account, where at 10 o'clock at night, you need to wire money to your contractor, who's putting a new air condition system on your house, and you you hadn't thought about it all day.
16:28
So you send a message over to your fiduciary attorney and say, Hey, first thing in the morning, would you please handle this? Here's the Wiring co-ordinates. and boom, your banking is done from the couch, 10 o'clock at night.
16:42
So that kind of Exclusive account does exist in multiple places on the planet. You've just got to be able to connect to the right people to get there. It took me 49 years to connect to the right people.
16:55
So my point is this.
16:57
While I was out of the country, aye.
17:02
I went to my black card to pay off my black card.
17:08
The amount was $22,000 and I just sent a payment.
17:15
Didn't even think of it.
17:17
Soon as I sent the payment, it said to me on the screen, your payment can't be process. Like, what the **** you say? It can't be process, though. That account's got a million dollars in it.
17:28
Of course, it can be processed.
17:30
And so I put it in again, hit the Submit button, your payment can't be processed.
17:36
What the ****, I roll over to my bank account.
17:40
Just say, Hey, you know what's gone on in my bank account? I get there to see a zero balance.
17:47
Imagine, Imagine, you know, you got a million dollars in the bank, and you get there, and you see a million dollars. Immediately? I thought to myself, Holy ****, somebody stole my money. Right. I wasn't thinking anything else. Somebody stole somebody got into my account, stole my money wise, or your balance, So I'll look a little further.
18:03
Kinda take a deep breath, and you know how you do, you take a deep breath, and then you stop breathe until you figure it out.
18:09
Well, by the time I was blue in the face, I figured out that there was showing a transaction for $985,000 out of the account.
18:20
Then there was a second account there that I think had 20 or 30 grand, and that one was showing the total amount out of the account.
18:27
And it was showing as a unscheduled unscheduled withdrawal, something like that.
18:36
So this is it about hmm, hmm, hmm, hmm, hmm, hmm, hmm, I would say East Coast time, maybe 11 o'clock in the morning.
18:45
Now, this account, Ladies and Gentlemen, is a wealth account that had a lot of money in it before I left to go out the country.
18:53
And I just guess I had a premonition, but I just moved it to get it out of their hands and know that I had it in a safer place to get access to it if something happened.
19:06
So, I have a wealth Advisor on that account who calls every two weeks. She's so nice. She calls while she's on vacation, she calls over the weekend, she text messages, me and my wife when she gets us on the phone. It's 20 minutes worth of idle talk. And have you guys been doing? And we're all best friends.
19:28
OK, So I call the bank, talk to the bank manager.
19:34
Can't give me an answer.
19:37
Well, you can't give me an answer, but my money safe. Right? Oh, yeah. Your money saved, but I can't give you an answer.
19:43
Well, wait a minute, you're the bank manager?
19:46
Yeah, but I can't give you an answer. You're gonna need to talk to your wealth advisor.
19:51
All day long. All day long! All day long. All day long calling, calling. Calling. Nothing.
19:57
Well, about four o'clock, that day, my wife sent an e-mail and a text message to the Wealth Advisor, who's so nice and so, friendly to us.
20:06
And about 10 o'clock that night, we got a message back that said, the bank has decided to end this relationship.
20:13
Bye, bye now. That's it.
20:16
No. Call you on the phone. No, we want to have a great call with you and ask you how your trips going. In fact, the wealth advisor knew we were out of the country. She knew how long are we going to be out of the country?
20:30
This is something, you know, when you've got money in an accounts like this, you kind of want to keep those people up to speed. And they usually say, Hey, anything you need while you're away, we can help you, blah, blah, blah, blah, blah.
20:42
So, then, in the meat in the message where banks decided to end this relationship, no reason no phone call won't talk to us. Nothing.
20:52
Then there's a little one liner that says, Your your checks have been mailed to your PO box.
21:03
Regular postage mail, no signature, Required, no tracking, because we immediately asked for the tracking number.
21:16
It took me about four weeks to figure out how to get my hands on those checks, because I now had a million dollars sitting in a PO box.
21:26
Now, that's the banks, guys.
21:29
So, for those of you who say, Oh, I don't need any protection.
21:34
My banker knows me by name, you're out of your minds.
21:39
This banker called me every weekend.
21:42
For a couple of years, we were best friends.
21:47
And as soon as the bank decided to end the relationship for no reason, by the way, never gave us a reason, didn't commit a crime, didn't do anything wrong, We looked back at our account and looked at the last six months worth of activity on the account, and they were exactly the same.
22:04
Pay off credit cards, You know, pay your bills out of the account, just basic stuff, just the same thing, nothing crazy, in, nothing crazy out, There's no reason to close the account.
22:20
So guys, I'm telling you, that's why it's so important.
22:24
Not only, just send me in to send me an e-mail, so that if we get this worked out, you guys can be a part of it, But that's why it's so important for us to continue to have Seth on, because he offers a viable solution.
22:40
For you not having to deal with a banking institution, which will lock your stuff up Sures day.
22:47
The lock it up, they'll close your account. They'll do whatever they want to do. This was not my first rodeo having an account closed.
22:55
Since I've been encrypted, the first time it happened was with Wells Fargo, and they told me they weren't going to release my money for 30 days.
23:02
Guess what? I called Seth. Steph gave me some advice and some things to tell them, and I walked into the bank and told him those things, and they said, we know what will get your money ready for you right now.
23:12
Thank you, Seth.
23:14
You probably forgot about that.
23:17
That was gosh. a while ago.
23:21
So anyway, guys, listen up as Seth talks to you today. I'm gonna stop interrupting, but it just became very personal.
23:28
All of a sudden, as you were talking about what's happening in the world, And people need to know this stuff happens. It happens every single day, and it's gonna get worse. It's not gonna get better, it's gonna get worse.
23:40
Will? interrupt again? No, you're not interrupting it. It's dialog. I think that it's valuable information that people need to know.
23:48
There's been decades and decades of brainwashing of America.
23:55
And I know we've got, you know, some foreign internationals, and it's, it's really no, no different than their countries and probably even more socialistic or communist Tech.
24:08
But I mean, I remember ever since I was a child being indoctrinated with you need to open a bank account and you need to know this is how a bank and you're safe there and ineffectively the banks have, They've been making money and fleecing America with no volume rates of interest.
24:33
Which we, you know what, I've got content on that on our website. But basically, I mean when you when they offer you a 3% mortgage and you look at the total amount of interest you pay, it's not, it's nowhere close to 3%. It's, you know, it's 50, 60, 70% interest when you've got a $300,000 home, and you end up paying, you know, one point two million.
24:58
By the end of the 30 year term, how is that possible wallets its volume rate of interest and versus this bait and switch that pulls people in, and then when people refinance, the interest?
25:15
And equity curve starts all over again and you're paying all interests.
25:19
So the banksters, as as I like to call them, ARR, are simply making rules for their own benefit.
25:28
Just like you illustrated, for whatever reason, whenever they will effectively throw you out and you know, and they will take whatever they can get. From you and as long as you're serving their purpose, that's that that will work and as soon as they, they can't value or benefit off of you, they will fleece you.
25:56
So, very common. You're not the only person that has had banking terminations for no good reason whatsoever.
26:08
And if you don't have diversified accounts, which I know you do, you can be stuck in a really bad place. And so when we're setting up things for folks, we generally recommend that they enter into a number of banking relationships, not only with smaller credit unions, but larger banks. And those are all for convenience, not for a store of value. We're not saying, hey, camp, 10 million bucks, and centralized banks. I think that's a very bad plan.
26:41
It's simply, too, as a gateway and an on ramp and an off ramp to move funds into safer forums, and venues.
26:52
So, couldn't agree with you more. And if you didn't have multiple banking relationships and some financial privacy setup, you could have been in a world of hurt. But I think one of the things, you were you meant to say, but didn't didn't fully complete your thought on it, was that you were able to use the, the accounts that we're talking about. The, the Offshore accounts and, and transfer money make the payments on the black card. Make the payments that you needed to make while you were out of the country.
27:23
And, literally, minutes?
27:28
That's correct.
27:29
In fact, you have a very intimate knowledge of this, because I helped you get one of these accounts and George.
27:37
And so, you guys know that George just made a fairly large payment of one of his accounts. So, George, why don't you tell these guys how easy the banking is on, on, on this very explosive account like this?
27:50
It is, It is really easy, like, what time of night did you did, you make that big payment Was it like 10 o'clock at night on a day?
28:01
It was definitely not, I'd have to look back at, but it was definitely not during banking hours. Because it's summer and I am busy.
28:11
So, yeah, it was non banking hours and I, I sent a memo to someone and they just kinda took care of it from there. And the neck, I, yeah, it wasn't the evening, because the next morning, I got back.
28:27
A receipt. Basically saying things have been taken care, upsell.
28:31
It was really easy, and, you know, I think having to deal with some local banks here, and I don't know if you know this story J, but I went in to open up an account, and the company was not, the company to have was not in the state that I'm in, and they kicked it back and said, Sorry, you're going to have to register in this state. I'm like, You know, I am not going to register in the state, and I will go bank somewhere else, because I'm not, you know, that the company is not in this state, its offices or elsewhere.
29:07
And, I'm not going to just fill out your little form, because you want me to, you know, have your little checkbox checked, and, you know, when has our freedom really been locked down with, I'm in the state of the business, isn't. Why do I have to register here, too?
29:26
So, it's, it's gotten crazy out there on what the requirements are, but back to your regular idea, your first question, it was very easy to do. It was a lot easier than when I had wired money from other banks.
29:40
Did you get a degree? By the way, did you get proof that your money had been sent?
29:45
Like, Did you not get instant proof that you could go online and be able to view your transaction landing in your beneficiaries account? Did you get that kind of proof? Yeah.
29:57
I did. And, and you helped and showed me how to that. I didn't even know that. That's something like, this existed where, you know, where things are in the whole process, because usually it's just, you know, kinda behind the scenes, but I did receive proof and I was able to easily go online and check that out.
30:19
Yep.
30:20
Anyway, I keep interrupting.
30:22
I don't mean to Thank you, Seth. You're exactly right. I was able to handle my business.
30:29
I did not have to get back on a jet and run back to the United States because I was well prepared.
30:36
And part of being well prepared has to do with again, that friendship I talked about with you earlier in this in this session where you know, here's the thing, guys, iron sharpens iron.
30:49
Seth will tell you, I'm sure, he'll tell you, my goodness, I've learned so many things from Jay, and I will tell you this 100 times over. I've learned so many things from stuff.
30:59
It's just, it's a great, if you have the opportunity here, as a group, to connect with Seth because you can use some of his services.
31:07
It's going to be a friendship that you will. You will cherish for a long time to come. I can just tell you that.
31:13
Thank you, James. Appreciate that.
31:15
compliment, just also add to what we're discussing, the fact that millions of dollars, tens of millions have been moved in and out without any hitches any glitches.
31:30
And the timeliness is, is unbelievable.
31:36
Frankly, I can't I don't even really understand how the folks that we're there, we're partnered with and utilizing these, These banking services are able to accomplish such rapid movement, and at all times, I know that they're in different places, different time zones, so our night might be their day, But rather it's our day or night. There, it's done within moments, and I don't know anyone that can provide that kind of service, frankly, I can't provide that kind of service. If you call me at midnight, I'm asleep and the phones are off, I've got five kids and they're going to be up at five, so you're not going to reach me at midnight.
32:16
You know what I mean and and like, you know, so you might want to comment on that, Jay.
32:23
How we've had, there's no glitches there's no push backs, no kickbacks right and just gone off without any issues.
32:33
Yeah, so I've helped a number of people get an account over here, where we're talking about and It's the best bank and I've ever have a bit easy way to say it, it's the absolute best banking I've ever had.
32:45
And now, to be able to do it, um, I won't be giving up the account, we're talking about both, but the account has been duplicated.
32:55
And to be able to put an attorney in front of all your transactions and not have to pay for an hourly service with that attorney is absolutely fabulous.
33:08
And so yeah. I think again I'll say it again.
33:13
If you got a million dollars plus send an e-mail to hinge team at proton mail dot com and let us know, you're interested in protecting your money and into a bank account that's off shores.
33:28
It's a, it's a bank account you'll be able to set up without, a sales, social security number. Hello, does anybody listening, has anybody listening. No social security number.
33:37
So so we're talking about zero discovery on your money, zero discovery on your money.
33:45
And by the way, this is something that Seth has helped me with now for a number of weeks.
33:52
So I'm not, I'm not at liberty to divulge all the details today and I may not ever be able to. But we're working on being able to help some folks with that.
34:03
And I have a feeling it works out, but let's see what happens.
34:08
Best banken I've ever had, the financial privacy aspect is is important and critical because the centralized banks and the normal banking venues, they raised their hand every time there's a transaction of any size or try and go to the men deposit. Or withdraw $10000 in cash and see what type of questions they ask of you.
34:37
and, you know, what, What is your business? What are you using the money for? Or I've wired funds, even just to Caleb and Brown out of a normal centralized bank account. Why are you wiring this money?
34:50
What's the purpose? So you smile and wave, and answer questions. But these bank accounts that are financially private, that we're discussing you. There's no there's no questions. There's no reporting. There's no requirement, or compliance to report, and you can move funds around into brokerage accounts or out of liquidation of crypto.
35:15
For example, into other venues, without any, no interrogation by the Gestapo bankers. So that those things are very valuable.
35:31
There's no reporting to the IRS. Your, your tax strategies and your tax plan is is yours to control and no one else is dictating that to you or for you.
35:45
And so we all have are no different opinions, perhaps on taxation and and the legitimacy or legality of it. And I think everyone would agree that we don't want to pay more taxes than necessary. We don't want to be overtaxed and, and some of us are even further in the continuum where we would say that it's completely unconstitutional and illegal altogether.
36:13
So these type of, uh, abilities to transfer funds enable you to exercise your own tax strategy and and come and be as complicit or as as, uh, clever as you want to be.
36:33
So, I'll leave it at that. Unless you guys have anything you want to add and then we can jump into some other things. I mean, one of the things that we wanted to talk about today, or it's financial privacy and asset protection. So, although we didn't intend to uncover what we've just talked about together, I think it's certainly apropos.
36:53
Yeah, I saw the article and I was like, wow, this kinda has something to to do with today's with today's talk.
37:01
So Seth what I'm going to do is I'm going to send this over yeah, to you.
37:12
And I'm gonna make you a presenter.
37:14
so just uh, make sure you share what you want to and not what you doubt.
37:22
So do you have it from there.
37:25
OK.
37:32
Which switch side you see is it come through for you I see your your your goto meeting, your goto Webinar there we go, OK.
37:45
So this is a 30,000 foot overview of some simple.
37:52
There are simple to me and sometimes clients can get bogged down in minutia detail.
37:59
But effectively, we're creating a system so that the equity in your real estate, or the equity in your business, or the equity in an automobile, or the equity in anything, that is an asset of value, can effectively be stripped its equity stripped into an entity.
38:22
Which is generally a trust and acts as a banking entity to strip that equity and creates a loan transaction that is either secured by a deed of trust or a mortgage on a piece of real estate or fits personal property. It'd be a UCC, one financing statement, and a security agreement.
38:47
And the, the effective transaction looks like this.
38:52
You guys, it, you create a trust, a banking trust, let's get, and this.
38:58
it's called, set of a financial trust, same thing as a trust that would simply be capitalized with money.
39:06
And it would loan money out to purchase an investment property or to effectively take the equity out. If someone has an investment property, and it has a first mortgage with Bank of America or Wells Fargo, but it has, you know, another 300, $400,000 in equity.
39:26
You don't want that just sitting out there for the taking and you want to have a public record whereby the equity in your property is, is totally stripped out and thereby, you would take the extra equity that's in that property, and you would effectively lean it with the trust.
39:56
Loan. So, the, what I'm describing would be a first, in a second type of position. A lot of people are, have traditional financing to acquire an investment property, or a homestead, but they still have equity in that investment property or their homestead.
40:11
And in the event that the market, uh, turns the real estate market that as terns, and even capitulates, or falls off a cliff, the suppose at fair market values will be upside down. And you're going to have personal guarantees being called, you're gonna have a very tight restriction in mortgage lending. You're gonna have less buyers. And a lot of it is perception. If you have equity, and you can service debt than it really is only paper value, if you're not, if you don't need the equity. And it's irrelevant. But a lot of people will walk away from properties when it's upside down on paper and thereby starts the dominoes of a banking crisis.
41:03
So you want to be, effectively the lender and when I say, you want to be the lender, it's another, it's a trust, and the way that you would title your investment property or your home property.
41:17
And the way that the trust that acts as a bank, is titled, you need an arm's length transaction.
41:24
Meaning, it can't be John Doe and John Doe, you're going to have a structure that set up where your trust is effectively owned or the beneficiaries who have the beneficial interest in the assets.
41:39
The cash flow, the deed of trust, the lien against the property, or the asset, will be different than the owner of the property. And that's called an arm's length transaction.
41:52
And then you will effectively service the debt that you create.
41:56
And you've got a, an equity stripping technique that that is at arm's length and that will not be considered.
42:08
Similar parties or be able to be pierced. And, so that's kind of a 30,000 foot overview. George, or Jay, do you guys? Does that make sense? Maybe you could ask some questions about down.
42:22
Yeah, it does make sense. But, I've, I've been exposed to this for, for awhile, so, you know.
42:29
It's, I understand, and probably Jay understands, but let's see if, if other people, I'm going to bring up the questions.
42:37
If it makes sense to two people out there, or if they want to ask a question, because they, OK. We have one from J D, M plus F, Can you, can this equity strip on a home be done if you hold a mortgage?
42:58
Yeah, that's what I was just describing.
43:00
So, a lot of times, people will come come to us, and they've already bought a homestead home where you live or they've bought an investment property.
43:11
And so, the way that that title has taken, the way that the ownership is indicated, it may not be the, the best or the premium way for our asset protection purposes, But that, that doesn't mean you still can't implement this. Yes, you, yeah, first mortgage on the property.
43:32
But, if you've got equity, or sometimes, even if you don't have equity, you can place your your loan from the banking trust that you create as a second mortgage.
43:45
So, you've got a first mortgage and a second mortgage on your property, and a lot of times, people use the strategy to pay down that first mortgage through their private banking strategies or cash flow. We use whole life insurance policies as many as you know, Times just to get the velocity of money going, that first mortgage is paid down until it is effectively evaporated.
44:12
And the only thing left on the property is the second mortgage to the financial trust as you see in the diagram.
44:19
So On Title you effectively still have a totally um, valueless property valueless to the outside world valueless to creditors valueless to people who would sue you to plaintiffs' attorneys to thieves on Title.
44:40
It appears that your property is totally up, upside down, so yeah, go ahead and real quick. So let's say, you know, my strategy works, and, and I'm in year 10, and I've paid down a lot on my house, because I had a first mortgage to do a bank, and I've really been trying to pay that off in 15 years. Do I need to go back and re adjust.
45:06
The second mortgage that would be owned by, know, that my, in this, this image, the financial trust, do I need to increase the loan at that end as it's being balanced from paying off the first mortgage? So, that more debt is being put on that the second mortgage, or how is the second mortgage kinda reported in that way? Does that make sense?
45:33
Yeah, sure, it sure does. Yes. And as until your, your first mortgage is released or re conveyed, meaning it's paid off and the lender releases the first mortgage, the first lien on title, it won't.
45:51
You won't really have any difference in the math if you've got a million dollar property, Your first is $800,000, and then you put a second on there for, let's say, 300. You've got 1.1 in debt on the property, and it's worth one million.
46:07
So you're upside down, but let's say you're paying that $800,000 first mortgage down, and you've only got $200,000 left on it. Well, it's not going to be released until it's totally paid off. So, on public record, it would appear as though you've got, you know, the 1.1 outstanding. But, OK.
46:29
But, nonetheless, the answer to your question is, yes, you would increase the second to swallow up that equity that you're gaining in the first. And no one can prohibit that. or, or throw a wrench in, that because effectively, you're the steward of the Financial Trust and you're the steward of the asset. So, you're able to do that.
46:54
Whereas if, you know, if there were there were third parties, they wouldn't necessarily allow that.
47:01
But that's a great question, and yes, you would, you would increase the size of the mortgage, or deed of Trust, and the for the second lane, and swallow up the rest of the equity.
47:13
OK, and here we have another question from D S: How much protection will you have in putting a different person as a beneficiary to create the arm's length? And do you have a total trust? Do you have to have total trust in that person?
47:34
Can you repeat the question I'm, I'm trying to assure.
47:36
I've only got one line in my Yeah, my box here, OK.
47:42
How much protection will you have in putting a different person as the beneficiary to create an arm's length, or to create the arm's length?
47:55
Do you have to have total trust in that person the beneficiary? Now the beneficiary doesn't even have to know that they're a beneficiary.
48:05
So no, you don't have to have total trust in the beneficiary.
48:10
Going if, like I said, it can be children it can be a charity.
48:15
It can be a friend.
48:16
It can be whomever you want to have as an heir in that.
48:21
And effectively no, there's no, there's no trust there.
48:27
The trust is in is if you have a successor trustee or you give control to another person as a trustee, and then you have to have a, you know, a good relationship with that person.
48:44
OK, and here is a another question, I think I understand, but it says: Can the Beneficiaries of the Financial Trust be a group of individuals who are leveraging slash pooling their assets inside the trust?
49:03
It gets a little more complicated when you're going to use business partners This is really kind of an internal family mechanics.
49:11
I think oftentimes people in business relationships may have diverging interest, Someone may need liquidity when another doesn't.
49:21
Someone may need want us exit a position when another doesn't, so I don't really recommend that business partners effectively try to use this in the syndication.
49:35
It can't be done.
49:37
I mean, it's not it's conceptually feasible. I just find in the operation and the mechanics of it. People have disputes, they have business divorces, they have different ways of wanting to operate, and then liquidity issues, Exit strategies, which make this a little more problematic.
49:57
This has to be something that's kind of internal and a family mechanics where you you're rowing in the same boat. And you have the same end goal.
50:09
So, it's kinda like in a survival situation, you know.
50:13
If you've got food and water, and the people around you don't, there, there, it doesn't matter how close you were, they're gonna want the food and water. So, they are, and things change over years, And this is not a short-term strategy. This is a long term strategy.
50:29
And I know, you know, in previous jobs, in my previous business relationships, like, it was going great for the first, know, 10 years. And then on year 11 and 12, when we wanted different things, it just kind of, you know, got a little ugly and we don't really talk. So, that would be hard for something like this. And I agree this is really more geared toward family.
50:53
We have another question from Remo. He says, hello Lads have a home, which we own outright valued at over one point two million.
51:03
Can I use this in an IBC?
51:09
Yes, absolutely. And that's a great segue I'm going to segue too.
51:15
Another diagram here, again, to show this.
51:21
So the way this works in a traditional IBC context is that you have your family bank at the top, the life insurance policies, and the family bank.
51:32
And that cash and policy loan flows from the policy into your banking trust. And then like I've got in red there, think like a banker, you're going to effectively utilize that money. You're gonna put it to work. You're going to capture the velocity of money if, if you haven't heard us talk about that, we've got podcasts on our website at private banking strategies dot com. Listened to those, It'll help you understand what the velocity of money is, How you get multiple touches on the same dollar. It's how the centralized banks have effectively made so much money off of you. And I, in the past, by getting multiple touches on the same dollar. And you put that money to work in the form of the first box on the left real property that you purchase. So you make a loan from the bank and trust to the owner of the real property.
52:29
Rather, it's an acquisition. Rather, it's a refinance, whether it's a second, mortgage equity stripping, and in consideration, a Promissory Note and a Deed of Trust is executed in favor of the Banking Trust. And like I said, ultimately, there's going to be a cash flow that comes into your possession, whether it's from that property or another investment property or from some other type of business, that you have that, all flow back into your bank and trust. And then that all flow back into the repayment of the policy loan. And the, the policy, obviously, is asset protected when Structured Right, grows, tax free.
53:11
And compounds year after year is financially private, and creates a safe place to Bank. And then effectively, when you have another asset, that you want to purchase you, the money flows into the banking trust, which has a right. To borrow that money from your policies.
53:27
It could own the policies, or it could simply have a, right to borrow that money from the policies, and then you effectively can make other types of loans. And on each of these blue arrows that are is money kept being loan from the bank and trust to another form, you effectively create a Promissory Note and some type of secure transaction. So, on an automobile, for example, let's say you've got an exotic luxury type vehicle, You loan an entity that would purchase that vehicle $500,000 or a million dollars, and you effectively secure that loan with the Promissory note.
54:14
Financing statement, new uniform, excuse me. a uniform commercial code called the UCC one Financing Statement.
54:21
And effectively lean the asset just like anybody that finances Otto's would do, and you bring a cash flow back into your banking trust, and then a cash flow back into your policy. So that's a very simplistic diagram. It can It can be a little more granular and detailed, but for the purposes of our discussion, I think that answers the gentleman's question.
54:49
Yeah, yup.
54:52
And let me, there's a couple others.
54:54
Um, is this a person or entity, such as a PMA? And because you are not the only owner, they can not take the property just as in an LLC.
55:09
OK, I don't really understand that question. I'm not sure.
55:16
Well, yeah.
55:17
I don't know what that means.
55:18
This person, I'm not sure what that means, but we're not talking about a person necessarily where the asset is titled in a certain way. And this is, this goes back to what I was first saying when sometimes people come to us. They already own real estate, They've already put it in their personal name, I've already put it in a particular, LLC or some type of trust or structure.
55:45
And effectively, their fingerprints are on that asset, and their name is on the title record.
55:53
That's not the, the highest and best way to structure the transaction. But we deal with what we have, and so you effectively strip the equity out, too.
56:04
Your private bank, your banking trust, and that banking trust, effectively owns the equity, just like Wells Fargo or Bank of America owns the equity in your home if you financed it through them. Or they own what you owe them. And the you so, you, you're taking that equity and effectively transferring the equity into the banking trust.
56:29
And taking any third party creditor or plaintiff or litigation haug, or thief, or any other type of elder abuse folks are routinely being.
56:44
You know, older people are routinely scammed out of no attack because someone's someone did research and found out that they own their home free and clear and then they can very easily get a HELOC and pull $50,000 out and they convinced them. They need to do that and give it to the scam artist right away. Whereas if, on title, you don't have any equity, they're gonna go next next until they find someone that isn't isn't properly protected.
57:15
So, not quite sure about that question, but yeah, you know, we'll go to the next one, because I think this is a great question from from Pat. I have two properties.
57:27
one is within $5000 being paid off, the current market value is 200,000. So lots of equity, The other property has $50,000 balance, and the current market value is $300,000.
57:41
This question is, Should each property have its own trust or both in one trust?
57:50
It can be both.
57:51
And well, I'm not sure if we're talking about the title of the property or if we're talking about the loan made from the banking trust to the, the, the borrower.
58:04
And it did, I would say it depends.
58:08
You don't have to probably take a look at the particular situation.
58:10
But for two properties for, for two properties, I would say that you're, you're pretty well in the safety zone of using the same banking trust to loan money on each of those properties, and effectively, create the loan transactions we described, strip de equity out, and you'll be fine.
58:33
As you get to 10 properties, 20 properties, larger properties, it doesn't really, it really doesn't hurt to create a separate banking trust for various transactions.
58:45
And, for example, sometimes we have folks who've done this a number of times this year, where they don't have $10 million in there, in their life insurance policies, to funnel through the banking trust, or they don't have $10 million period.
59:00
But they need $10 million worth of credit and $10 million worth of deeds of trust against the properties that they own to be able to equity stirrup.
59:13
And we do that in a commercial revolving line of credit and create a little bit more complex, secure transaction whereby you're stripping equity out through a revolving line of credit, and on title.
59:28
You've still got the obligation to pay a $10 million line of credit, But it's not disclosed what's been drawn down.
59:35
Whether it's $50,000 drawn on that revolving line of credit, or rather it's all $10 million, and that's a private inside, you know, an insight and information.
59:47
So on public record, it appears that those assets are completely stripped out, and you've got A large obligation to a banking entity that displaces third party creditors', litigators, and thieves.
1:00:04
Yeah, But one thing I'd like to add to that real quickly, is that, depending on your state, you may or may not have protection on your home, your home residents, for example, in Texas, or in Florida.
1:00:21
You have 100% homestead protection So you could have a $50 million home and it fits your homestead.
1:00:31
It's protected from creditors and these, and so on. That doesn't mean I still wouldn't equity strip it, because I want to have the appearance of literally having no value in my home, but that's not to say that the law already protects a homestead in Texas or a homestead in Florida. Now.
1:00:50
Oh, an investment, or a second home, or a Lay combe in Texas or Florida.
1:00:56
We'll actual absolutely be open for the taking.
1:01:00
And so, you'd want to focus on investment properties, Second, homes, lake properties, uh, and make sure that those are equity stripped out, um, in that situation, because those are not protected, and then other States have effectively. No protection on your homesteads. And those are probably states that, you can guess pretty easily, which states they are, They're, you know, they're the Socialistic States.
1:01:30
Yeah. Yeah. Yeah, OK. Yeah, New York, California, Oregon, Washington.
1:01:38
All those type of states.
1:01:39
And we have a I have a 50 state sheet that runs down, whether you've got homestead protection in that in that state or not. And also tells you whether your life insurance policy in that state is protected by the legislature.
1:01:58
A 100% of your cash value, and your IPC policies or private banking strategies policy.
1:02:05
In Texas, Florida, many of the Southern states, 100% protected by statute, and that's a post civil war error enactment of legislation, which was intended to prohibit carpetbagging. And so, we've had a number of clients that actually relocate their domicile, and their legal residence to a favorable state, whether it's Florida or Texas or one of these southern states that protects their homestead and then protects their their life insurance policies. And we have them issued in Texas, issued in Florida, issued in a Southern state, and then, so they've got millions of dollars in there.
1:02:46
Whole life banking system, and it's 100% protected from creditors, and, and completely financially private, and then their homesteads that they create.
1:02:57
There are likewise a place too to sock away value and have it asset protected.
1:03:06
Yeah, so, So, you do have to worry a little bit. I mean, people can work with you if they live in, like, New York or California. You can help them that you may not be able to help them 100%, because where they physically are. But there are some options that you might be able to show them when they are in troubled states like that.
1:03:29
Oh, yeah, we work with all all 50 states, and it really depends on what their net worth is and what their strategies are.
1:03:36
But you can effectively, you know, make things work in any state. I'm just saying, some states are more favorable than others. And if you have a, you know, some of these clients that have created residences and favorable states, or they have enough to protect that, they want to do that. You know, they're there.
1:03:53
They're multi multi-millionaires and they yeah, they might be Californians and they're like, Oh, I didn't know. I was wide open here.
1:04:02
And so, they, they create a domicile in Texas but we work with anyone in you know, any state, it's just your strategies and the way that you structure, it will differ depending on where their resident.
1:04:20
Yep. OK, BR I'm going to have you contact Seth directly because that is he'd probably be able to answer that directly with an e-mail. And I'll make sure that I include your e-mail down below.
1:04:35
But it was really specific to that person. Let me just say, OK. Here is, let me just shoot us your ML quick, that folks, if you can write it down. If you've got specific questions, or you want to get, you want to jump in and start to implement some of these strategies, E-mail us at info at private banking. strategies dot com, Info at private banking strategies dot com. And same website, WWW dot private banking strategies dot com. You can look around there at content, But the content that I'm sharing now is not there.
1:05:14
It's the content on the website, is really focused on the life insurance policy aspects of the values and benefits of it, and then discussing some of those issues.
1:05:26
This is a little, a little more of a deeper dive, on the asset protection, and on various investments.
1:05:35
And effectively, you don't have to have, you know, a life insurance policy to create some of the systems. It's, it's just best utilized, and you've got the velocity of money, multiple touches on the same dollar, and the diagram, you see, you're you've, you've funded your life insurance policy with a dollar. You've pulled that same dollar out in a policy loan into your banking trust, the Banking trust has loaned that dollar out to purchase an investment property or to start a business or to expand a business.
1:06:08
And then you've got a cash flow and a return on that investment from the rental property from the business, from whatever the cash flow source is, and it goes back into the banking trust in the form of a payment on a Promissory Note. And then that same dollar goes back into the Life Insurance policy. And that's called the cyclical velocity of money, and money at work is is the way that you're able to accelerate and accumulate.
1:06:37
And if you actually set the notes and place, you'll find a lot of our clients getting 50, 60, 70%, sent internal rates of return on their own loans to their banking trusts and back into their policies. And you can set the interest rates on these loans at whatever you want, and it's all tax free.
1:06:59
Pursuant to Internal Revenue Code 77 0 2 that you, the life insurance company, doesn't raise their hand, and so you've got the ability to create wealth through interest payments. You do have to have the cash flow to service the debt, but, of course, you're the lender and the borrower. So, you're never going to call the loan and default.
1:07:23
You would simply renegotiate the terms and modify the loan.
1:07:27
If you had a cashflow crisis, but you, you effectively set the interest rates at whatever you want. And the guy looking back at you in the mirror is the, the one, you have to keep honest. So you just you need cash flow. It's not like that you can just you're creating money out of thin air. Your investments and your your business entities have to have some type of cash flow for for you to be able to make exponential ROIs on your own notes.
1:07:59
And, I have one more question.
1:08:01
I'm not sure I fully understand it, but this is this is from Tara.
1:08:07
And this is about a homestead in Texas that she's looking for homes in Texas. What can be done when one is currently looking for homestead but does not have enough equity to pay cash? So, 80% loan would be needed.
1:08:23
How can a transaction be done whole or in part, in part through this mechanism?
1:08:31
Kind of a somewhat of a convoluted question. I'm not quite sure I understand, but if you, if you don't have any equity in your property than yours, you're not really at risk. It's when you've got some equity in your property, or it's an investment property, that you would want an equity stirrup.
1:08:49
Um, if I understood the question correctly, did I do that here?
1:08:55
And if not, people can get, know, it's hard to say sometimes, but, you know, if if we, if I as the reader don't understand that, Seth doesn't understand it, I will include his information down below this posting and make sure that you can e-mail them directly. Because some of these questions are very specific to the person, and part of it is, you know. it's like, so many times just, you know, when I do tech stuff, it depends is the answer. Depends on a lot of different things, so we'll make sure that you can get those directly to to, to Seth to get those answered and sent to you can move on.
1:09:32
Because that is the last question that's been, put it in here so far, OK, fantastic.
1:09:39
I'm gonna drop a, another diagram in here, and this is effectively, A, Kind of a 30,000 foot overview of how you might structure the, on a, on a personal side. Let's say you've got real estate that you already own in a homestead or an investment property.
1:10:01
The trust formation would be your banking trust and that would enter into a real estate transaction where loans money to the borrower and you've got trust agreement. You've got the typical trust formation issues. And then the real Estate transaction, as the borrower signs of promissory note, executes a deed of trust that's recorded against the property and walleye, your real estate transaction is effectively privatized lending. Then this little more complicated on the right side, you've got a business transaction where you effectively have the same trust formation for the bank entity. And then, but because of a business you may have receivables, may have personal property, you may have all sorts of different types of assets.
1:10:52
It's not only a deed of trust that that you have in the real estate transactions. You've got UCC, one financing statements. You may have a revolving line of credit security agreements, and you effectively strip the equity out of the business and it's the same concept. It's just the implement. The tools are a little bit more different. And what we I generally like to use is the Nevada and Texas LLC call.
1:11:22
The one is a holding entity, and one is a management entity, and this is In a first instance, You call our call it a first instance.
1:11:34
meaning that you're just purchasing the property or you're just starting the business. And the ownership is not already entitled in a different entity.
1:11:48
But, nonetheless, the reason that we use the, this structure quite a bit is because the Nevada and the Texas LLCs allow for a, a trust to be the sole managing member of the entity.
1:12:09
And when this, when this, when the trust is able to be the sole managing member of the entity, you don't have to sign in a personal capacity.
1:12:19
You don't have to sign compliance documents and it provides for anonymity and I generally file the Annual compliance documents on behalf of the LLC's, and so a person can effectively have no, no public tie on the public record to the entity.
1:12:40
And, as you're the General Counsel to the entity, you file general compliance documents to get your business license every year in Nevada. And file the Statement of Managing Members. So, there, your name doesn't appear.
1:12:55
And then that Nevada LLC owns the asset and the Texas LLC manages the asset. So, think of it in the context of a, an investment property, for example.
1:13:08
And, the investment property is, is the perfect example. Like, so, if you have investment property is usually use a property manager, right, George? Yup. You got you got someone that collects your ranch. She got someone that pays your contractors.
1:13:26
You've got someone that deals with all the minutiae of detail that you effectively don't want to deal with.
1:13:34
Well, that's the Texas LLC, and they collect rents and they provide the ability to, um, deal with all of your contractual obligations.
1:13:49
So rather, it's, you know, a contractor, a, another property manager that you have, collecting the rents, the tenants. Any type of third party that you may enter a contract with your management company as the forward face of that. And then the Holding Company is the actual entity on on Title.
1:14:11
And those two have a, a two-way street, with a management agreement and a consulting agreement.
1:14:18
So, the management company no deals with all third parties and the management company doesn't own the asset. And the management company doesn't have any assets worth taking.
1:14:29
So if there is an attack on the structure, the management company is the one in privity of contract. It's signing all the contracts. If they get sued, there's nothing to pay. And the holding company effectively is behind the shield.
1:14:45
And this particular structure has never been pierced. So, you're not going to have a court issuing a charging order, turning over assets.
1:14:57
And then on top of this structure, which is, I'll say it again, this is best and highest use case when you acquire an asset or when you taking on an acquisition of a business. If you've already got something structured, you, this may not work immediately, but in further or future acquisitions.
1:15:20
You would implement something like this and then why, because you're completely off the record. I mean, if someone does a title search for John Doe, they're not going to find you owning the apartment complex because it's going to be in the name of the Nevada LLC.
1:15:37
And then, if they, know, if you've got someone that you have a dispute with a contractor, or a tenant, or whomever, it's going to be, the management company is going to be the one that is entering that litigation, which effectively is asset asset protected in the sense that it has no assets to take.
1:15:58
Yeah.
1:15:58
And quick, quick question, Seth though, Do you have them in two different states for a particular reason? Like, could I do one, the other, like the, the asset holding in Texas and the management company in Nevada, you know, is there a particular reason, those two states, or, you know, could it be done in one state, or is that just part of really, the structure that you've been working on for quite awhile now?
1:16:26
Yeah, now it could be done. It could be done in Texas to Texas. LLCs or to Nevada LLCs.
1:16:35
are Texas and Nevada have a mirror.
1:16:39
Corporate code texts is effectively copied Nevada's corporate code, which allows for a manager, manager to be a trust, and not all states allow a trust to operate as a sole managing member, because if, effectively, it operates as a blind trust, meaning it's private, You're not able to see who effectively owns the entities. No one knows where the membership units have been distributed in your LLC. And no one, your trust that you have managing, it is not registered. There's no compliance on a trust, So you don't have to file anything every year to maintain a trust, and so that makes it a financially private structure.
1:17:32
So, that's one of the advantages there. And, also, the reason we use this structure is because it's never been pierced. You've got the issue of jurisdictional issues and it's and never, I know other practitioners that have utilized the same methodology and no one that I know.
1:17:53
It's probably over, you know, 50 years of collective experience has had this pierced.
1:17:58
It's very few and far between when it's attacked because of all the same mechanisms that we've been discussing with the equity stripping, it makes you very unsavory target.
1:18:12
Because even if they go through all of the effort of litigation, the lender is going to take any equity in the property. There's no equity for them to take that. They get some type of charging order forcing foreclosure for sale. There has to be equity.
1:18:28
No Court is going to enter a foreclosure order Against a debtor, unless there's equity in the property.
1:18:38
And so that's where we're heading that off at the pass, by creating a system where there's no equity.
1:18:46
And so they're very seldom Missouri, even lawsuits.
1:18:50
So this LLC structure is meant for the acquisition of an asset, and then you still utilize they, this form and real estate transactions, or this form and, and other types of loan transactions. So that's a great, great question, George.
1:19:09
Yeah, you know, we do have some people that are asking about some IBC questions and this is just kinda off the cuff. Is it something that we should do, kind of on a separate one?
1:19:20
Because, you know, when we get into that you, and I had this discussion on what we should be talking about today.
1:19:26
And because we have spoken about IPC before, and, because typically people going to ABC when they have a windfall. And well, crypto isn't helping us with that windfall Seth, do you want to set up a separate time? Maybe in a week or two? that won't be on a Thursday, but you, and I can talk about that and invite people back to ask those questions, or do you want to cover them? Now, what would work best for you?
1:19:49
Because I don't want to get too far off in the weeds, because you know, we kinda get too sidetracked at times.
1:19:56
Yeah.
1:19:56
We can definitely come back and focus just on the policy structures and the banking aspect. Be glad to do that.
1:20:04
OK, yeah, yeah, we can, we can set that up, but I do have one question that I want to ask, because who brought this up?
1:20:11
This is from Julie, because I have also heard this and her question is: Seth, are you worried about the Solvency of life insurance companies increased death payouts from the VA injections? So what's your feeling on that?
1:20:29
Yeah, we've discussed that before, and no, I'm not concerned. And, and this is the reason why.
1:20:39
For the past 200 years, life insurance structures have been pretty much impeccable.
1:20:48
If there is a life insurance company that becomes insolvent, they're quickly acquired and swallowed up by another insurance company because of the cash value, a cash flow, and the reserves that are required in the life insurance industry. Unlike a centralized bank which practices derivative lending and fractionalized banking, meaning you go in and I'm going to oversimplify this, you put a dollar, and as a deposit the bank can turn it into $10, and it's actually more than that with larger banks, and they loan that, $10 out.
1:21:29
Where did the $9 come from?
1:21:33
It came out of thin air, it was absolutely magically printed, that's called Fractionalized Banking and and derivative lending.
1:21:41
So, that is an unstable and stable way of banking and will inevitably lead to banking crisis, and like we're like we were talking about the first show, life insurance.
1:21:57
Companies, in contrast, are required to have a dollar and value for every dollar that's deposited.
1:22:05
So, that makes it much more solvent.
1:22:11
Much more secure and much more safe.
1:22:16
So, but then in relationship to the, the vaccinations covered.
1:22:24
There was a CEO of one America that came out and said, We've seen astronomical, like, beyond 200 year events in death rates, mortality rates because of vaccinations, effectively, what he said, and I was surprised I figured he would be, he would be suicidal shortly. And wouldn't, it wouldn't surprise me if he does disappear frankly?
1:22:50
But no, he's right.
1:22:54
And the way that the life insurance companies, they're not going to pay out death benefits and continue to just hemorrhage on that. That's insane that it's a very simple answer.
1:23:05
They'll simply exclude, and some of them are already taking that approach in their application process. You know, have you had ..., have you taken the vaccinations and then they'll just deny them an offer. They don't.
1:23:18
They don't provide you any life insurance if you've taken the vaccinations and so, that's one way that they're going to hedge against the vaccination issue.
1:23:30
And, but yes, if there were, if they were forced to, you know, pay out on to to ensure that we're being vaccinated. And there was ridiculous mortality rates.
1:23:45
I think it was, you know, they have, they have like a 10% increase in mortality rate is a 200 year event, and they had some of the insurance companies reported statistics of increases of two, 300%, 400% increase in mortality rates for those vaccinated.
1:24:05
So, they will exclude those people from, from, from coverage.
1:24:14
OK, I'm going to read through some of these.
1:24:23
I think you may have already answered this when it says, good morning.
1:24:27
Can I use a bank to obtain an equity loan from a bank that is not the bank holding my mortgage loan?
1:24:38
I'm not sure.
1:24:41
Yeah, you can. You can obtain a home equity line of credit from any bank that will give it to you.
1:24:47
I guess that's a headlock that they're talking about.
1:24:51
Yeah, that's, that's our understood it, but, yeah, you know, anybody, any lender who's willing to make a no alone on the equity in your property, doesn't have to be the same bank that loan you, the money to purchase it.
1:25:06
I know that that's a good question.
1:25:08
Let's say I have my house, and I have a small mortgage on it, and then I I equity strip.
1:25:18
And then I want some quick cash. And I am thinking about a HELOC.
1:25:23
I really kind of have to adjust my second on there to give it some equity. If I want to heal, I correct, because if it looks in public records, it would show that my equity is pretty much stripped.
1:25:38
And if I wanted that he lock, I'd either have to cut down the loan that's in, owned by the trust.
1:25:47
So that it would fit within the guidelines of the hillock.
1:25:50
Have you run into that issue at all?
1:25:54
Yeah, Occasionally, folks who want liquidity out of investment properties, your search will have to release the lane or the deed of trust or mortgage from the banking trust on the property to free up enough equity, so that the bank sees there's enough equity to make the loan, and then they use that liquidity.
1:26:17
But the intention is that you capitalize your private bank, your family bank, with enough funds over time, that you don't even need to use that, that secondary source in an asset protection context.
1:26:33
But, yes, that the answer is, yes, you would release the lane from the banking trust on the property or on the assets, and free up equity and prove that to the bank.
1:26:46
And then they issue the ..., can you put that money to work. And that's a strategy that a lot of people use their own homes free and clear that want to access the cash liquidity, especially in this last appreciation cycle. And so they, they they put a large HELOC on there to increase the size of their bank because they can make a delta on on what they take out in the HELOC and then how they can put it to use. Whether it's an investment property or whether it's any other type of loan on an asset that they can get a better ROI.
1:27:20
Yeah, and, hopefully, it's not to take it out and go on vacation or do something Fabulous with it. OK, that comes to the end of questions, so You can keep on going, sir.
1:27:34
Yeah, I know. It's, it's, that's pretty well.
1:27:36
I think we can put a period at the end of the sentence there and yeah, This, I hope, I'm not talking past people, tried to make it, kind of as simple, 30,000 foot overview as possible.
1:27:51
It's really not as complicated as, as it might seem to someone who has never Heard about it. But a lot of folks that are listening, and they probably already have been exposed to a lot of folks, who have already, are already clients and implementing strategies.
1:28:07
So, there's, you know, there's a lot of different ways to be able to increase the velocity of money and increase the, the multiple touches on, on the same dollar. And I think, Jan, I've talked about this, and you, and I have talked about this. to George, and this coming months, and, and few years, people, that, stack the, cash, are going to find, opportunities with, to, deploy dry powder, dry powder cash that is for the investments, and find some really great buying opportunities. So, Yeah.
1:28:41
You know, that's something that I think is wise to do, is create the structures, be in place, and ready to do this. Let us say, we don't even have a target for an investment property.
1:28:53
And I, right now, you know, I look, but I'm really looking just to, to measure the market and see where the opportunities are.
1:29:06
And I think, and the coming weeks and months, we're gonna find some great opportunities, and I'm encouraging people to be structured and ready to go, have the entities formed. Have the trust ready to go, Have your cash, and in the places that you needed to be? And have your ideas.
1:29:24
Well, thought through and articulated.
1:29:27
If you find, you know, an investment property and you're, that you want to, that you want to exercise, and you try to accomplish all this. You know, in a week, it, it's, it's too short of a fuse. And so, sometimes these things Make a difference, whether you take title and the name of your name. You know, John Smith.
1:29:45
Or rather, you take it in the form of a Nevada LLC you can make can make a difference down the road.
1:29:53
So, now, here's a question and this may be also, it depends, but this is from DK.
1:30:03
What are your fees? Seth and are they ongoing?
1:30:08
Yeah, it's it's a flat fee on a transactional basis and it depends on what we're structuring.
1:30:14
So, if we're structuring, you know, a business loan with commercial line of credit security agreements, UCC ones, that's more intel than simply forming a trust with them note.
1:30:26
And deed of trust, so it depends on what the transaction Is and be glad to To talk with you about it. But typically to form a trust, it's it's I mean the general Guidelines or it's $2500 to form a trust $2500 for for a real estate Loan and deed of trust and to tighten that up per property.
1:30:53
and in the commercial Lines of credit and security agreements are $7500, and it Really just depends on how?
1:31:05
How detailed your needs are, But compare that with asset protection structures. That I see in the marketplace that to form a trust is 30,000 bucks.
1:31:16
This is, was really intended for private banking strategies, clients that are That are working the IBC system and the velocity of money. And really just to close the loop on that.
1:31:31
But a few start to look at asset protection strategies in the market, there are off shore asset protection strategies that can, I mean, start at $30,000. And so this is really discounted or cost effective way to accomplish some of these techniques.
1:31:51
And, you know, if you want to, me to take a look at your personal situation, just e-mail me at the e-mail. I gave you guys and for our private banking, strategist dot com and and we can dig into it.
1:32:05
Yeah, and we have a couple of people saying that they, they are currently using you and it worth every cent as Seth is, it's great working with Seth and couple others saying this is great info that you're sharing with everybody because it is hard.
1:32:22
The fourth everything you guys don't mind. I have an interrupted and over an hour. Can I interrupt? Share, share.
1:32:31
How many talk to you about, worth every cent guys, as you guys know.
1:32:35
I've made it public knowledge that I recently had to sue somebody to get my own money back from them on a real estate deal.
1:32:43
And not only did Seth Act Asmaa supervising attorney on that deal.
1:32:49
So he supervised the attorney that I hired.
1:32:55
He kept that attorney, ah, client relationship that I had and check at all times, all the bills went through them.
1:33:06
I mean, all the bills came through, Seth.
1:33:09
All the conference calls had Seth on it.
1:33:11
And Seth made multiple suggestions of how the attorney should do something, when the attorney was about to do it a different way. And the attorney came back and was like, oh, yeah, well, I guess I should have been doing it that way. Yeah, that's that's actually probably a really a better idea.
1:33:27
Let me do it that way, And let me tell you this case was solved, and just a number of weeks, where the original attorney told me probably I was looking at a year.
1:33:37
So I will second the notion of worth every penny.
1:33:42
Thank you, Seth.
1:33:43
Yeah, thank you, Jay, for mentioning that.
1:33:46
And typically, I, you know, I've litigated cases gone through jury trials, and then on the flip side of that, structured commercial transaction.
1:33:56
So I've got some experience and how things play out how your contracts actually play out, and that was one of the genesis and, and really going deeper with asset protection strategies for clients.
1:34:10
And I, know, offer counsel to family offices on short shortlist and effectively manage other litigation firms in various parts of the country, in different states and jurisdictions and have, you know, that that experience to be able to help manage that. But, hopefully, with the structures we put in place there a deterrent to even finding yourself in litigation. Sometimes, it's inevitable, like in your situation, J where someone simply didn't didn't want to abide by something that was clear, black, and white, and tried to strong arm you for earnest money deposit.
1:34:55
You know, there's You're forced with no other option down to get them, we're talking about multiple, six figures.
1:35:03
So, typically, litigation is not fun for, for anyone, and you can attest to that, but part of the structures that we're talking about are intended to keep you out of litigation entirely.
1:35:17
Yeah. Here's a question from Julie, which I don't remember ever hearing. But she has in previous sessions, Seth has said, we need one million in cash or equity to get started.
1:35:31
Is this still true? Is this true for ABC and Family Trust? I don't remember you saying that you need to have that much anyway, to start this, but but I could be wrong.
1:35:42
I don't remember saying that either there, maybe there was a MIS communication or I misspoke.
1:35:51
No, I mean, it's like you could have a $250,000 investment property that's sitting out there free and clear, And I would strongly urge you to protect that asset with a banking trust loan. and equity strip. That property it can be $100,000. It's really up to you what you value.
1:36:14
And, yeah, if it seems very well, she very well may be thinking about what I said earlier today, which is, to send an e-mail if you have a million dollars or more, that had nothing to do with what Seth's talking to you about that had to do with.
1:36:28
Hey, actual bank, where your money cannot be built in on. That's what that had to do with.
1:36:34
For those of you that were not paying attention so closely, that might be worth mentioning there, OK, yeah, because because I don't remember anything, it's really you're gonna do what a client wants you to do, Seth. That's, that's legal.
1:36:48
Um, because, you know, if you're just, you're just doing the structures and if someone, you know, may have something small to begin with, It's a lot easier to have the structures in place and when you see a property or when you see something that you want to put into that?
1:37:07
When you already have the structure there, it's, it's a lot easier to drop it in than to say, hey Seth, something is closing and I need you to rush this through.
1:37:16
Because it does take time, because you're working with different states you're working with, know, a lot of things that may be out of your control. So, it's really getting the structure in place In the beginning. It. Would you suggest that the sun, yeah, if you're in the market, if you're one of those folks, that, we're describing, where your stack and cash, in, your of, the same mindset that, there's going to be valuable opportunities and, in the coming weeks, months, and years for discounted assets than, I would set up structures in place so that it's ready to go. It's really, You know, it's cost effective that way, and, but also, I think there's probably, I mean, I would say more times, and not people already own investment properties, and they're like, Yeah, we'll pay down the mortgage. I don't own, and I don't know anything on this investment property.
1:38:06
And that's a, that's a great milestone to accomplish, but you also want to protect that asset that you've worked so hard to, to nurture and to, and you want to preserve that wealth with a equity stripping technique. So, the title is already set up, and that that's actually a transaction where we're not going to form LLCs, we're not going to transfer title, because a lot of times that will trigger a re-assessment of the property tax and almost every jurisdiction and we don't want to do that.
1:38:42
We definitely don't want to do that, especially in an appreciating market. So, title stays just the same only thing we form as a Banking Trust. And then we set up the note, indeed, a trust and record that deed of trust against the properties, much, much simpler transaction.
1:38:58
That's find that occurring a lot, a lot more than the new acquisitions. Sometimes in restructures or cells.
1:39:07
Then we begin to implement the new new structures with LLC acquisitions and and create a place where your financial footprint is not on that property.
1:39:20
And that's one of the things having the attorney client privilege.
1:39:23
and having your attorney, or general counsel for the entity file your annual compliance documents and have a business office and Nevada Business Office in Texas, where you're not going to get service of process on your, at your house, you know, with your wife and kids there. And we have attorney client privilege, so I can't be compelled to divulge information about the LLC, even who owns the LLC.
1:39:53
But if someone's simply requesting, so you've got that firewall, multiple firewalls of protection, and attorney client privilege, which I think, is, is one of the most valuable things that we still have, and R, Constitutional Freedom's.
1:40:09
And you'll see politicians using that liberally.
1:40:13
And that's the reason for it.
1:40:18
OK, oh yeah, and Julie says, I was paying attention Now.
1:40:21
OK, one question I do have, because I know this has come up before also when you and I had been talking and just in general, but there are certain things you don't necessarily want to put in that trust, because they're just not known Pieces.
1:40:36
Like, if you have a bunch of precious metals or, or other things that no one really knows about, you don't need to put that in the trust because no one would be coming after that. Correct? Or if you have that, is it a good idea to put it in that trust?
1:40:54
In case it's discovered, What are your thoughts on that, Seth?
1:41:00
It would depend on the asset.
1:41:02
I mean, for real estate assets, it's going to have a deed of trust, your, it's going to have the security interest as is right there and the trust document. And the beneficiaries will be, need to be known in the event that someone dies and you want the asset to be in the right hands, but when it comes to metals, I guess it would depend on if you're taking possession of the metals or if you're storing them somewhere.
1:41:36
Most of our clients take possession of the metals and have midnight gardening techniques, whereby it's really a matter of who has possession of it, and you may buy those metals in the, in the form of a trust.
1:41:55
And we often talk to Andy Frank and Andy Shachtman, rather with miles Franklin. He's been on the show with you guys, and he's also been a guest on our podcast hosts, and that's generally our are preferred avenue for, for purchasing metals.
1:42:14
And all of our transactions have gone off without without a problem, but we'll buy in the name of a Trust, and they're delivered, Take possession, and the trust documents don't change. They don't, we don't note or amend the trust to note.
1:42:31
Yeah, I've just received no precious metals. So, the banking trust is formed with a minimal capitalization, like a thousand dollars, and it has, you have the ability to continue to contribute to that trust, IE, the cash coming out of your policy policies, your life insurance policies, or cash coming from anything else, Cash coming from the sale of a business. Cash coming from the cell, a crypto cash coming from winning the lottery, or just typical business income that you have coming into that banking trust, and you capitalize that, Meaning, you deposit that into your banking trust, and then you loan it out.
1:43:10
So the answer is, no, I don't amend the trust document every time that we have a change and assets and not, not necessary, but real estate would be there and so it's going to be case by case, but you would, they were referring metals, so I would say no on metals, OK. Yeah.
1:43:38
And you know, really, things are it depends on what your particular scenario is.
1:43:47
And so it really is best to talk to Seth because he might recommend something for me, as compared to someone else in a different state or in a different position. You know, you may be single and married. You know, I'm in a particular state. You're in another. So, you know, these are kind of just general things, general ideas, and it gets down to the details, you know, in your particular situation. So we are about 15 minutes before we're going to end. And Seth do you want to just kinda sum it up at all and just remember, everybody. I will be putting the information down below the video. When when this is posted this afternoon.
1:44:36
Sure.
1:44:37
Yeah, I mean, if you, if you want to dig in to your particular circumstances, just e-mail us at info at private banking strategies dot com And, And we can we can kind of analyze What you might need, but It, hopefully it's, it's not over complicated in the way we've talked about it or presented it.
1:44:59
It can seem like that, but it's really it's really pretty pretty simple, and that's why I like to use the, this diagram, I mean, that's effectively, you could trade investment property for business. You can trade investment property for automobile. You could, you know, put any number of assets around on the outside.
1:45:21
But your your financial trust is simply making a loan and securing the payment of that loan through a lien, no matter what the asset is.
1:45:31
And that is effectively equity stripping, the financial privacy aspects. And in a perfect world would come where you don't touch the the asset with your fingerprints, your name, and you would acquire and an entity, which is private. You can typically do that in the two tiered LLC that I described in Nevada and Texas, LLC, You might also do it in the form of a Trust, do that occasionally as well.
1:46:02
So I guess that kind of summarizes the, the transaction, and hopefully provided some value, and, and some things to think about for folks.
1:46:15
Yeah, and absolutely, and you know, and and we invite Seth here, because Seth gives some really great information I don't get, Seth, you're not paying to to promote this on the show. It's just strategies that you can implement in your life if you'd like.
1:46:35
Because one of the things that I've found is that, at first, when I've heard a lot of the strategies, Jay has shared, people have come to the show and shared, is that I might hear it first and say, Huh. It's not for me.
1:46:49
And then, when I hear it a second time or third time, I get the idea in my brain a little bit deeper, And it's like, Oh, yeah, I could use that. And actually, that makes sense for me, because I understand it a little bit more.
1:47:04
So when we have sat on, you know, a couple of times a year or, you know, bringing you the information again because he has come to the show before and talked to IBC. In this time we wanted to change a little bit talking about trust and how you can protect your assets. And you know, obviously now we'll go back and talk about ABC because people are interested.
1:47:27
But it's, you know, hearing it once, you kinda get the concept, but it may not sink into much, but hearing things multiple times. Hearing a lecture multiple times, you get more out of it, each time you hear it, because you understand a little bit more.
1:47:43
And you can go a little bit deeper into what a structure or what an idea is, and so that's really why, know, we like to repeat things, because you'll understand it each time you hear a little bit more. J, Is there anything else you would, that you'd like to share?
1:48:04
I know you, you've kinda jumped in, and you, there we go.
1:48:10
No, no, I don't. I don't know anything, man.
1:48:13
Um, I'm excited to have Seth out anytime he wants to come.
1:48:20
I've got some good feedback from everyone that's ever interacted with Seth and the answer.
1:48:25
Those are people that you always welcome.
1:48:28
And here we have from Ryan. He says, Hearing Seth discuss trusts and structures outside of ABC has been invaluable.
1:48:36
And Ryan, I would agree with you, because I've actually learned something again, just listening to, to Seth talk about this. And, you know, stimulate some thinking and ideas in my mind.
1:48:49
And here we have a couple more.
1:48:55
This is from Jarod, I hope, to have an ABC set up soon when crypto goes up as of now, I have the term policy from Vance. My question is, is it possible?
1:49:08
Beneficial to setup financial trust without the IBC in place.
1:49:15
Yeah, like like we discussed, I mean, if you, if you're anticipating, you know, windfall income from the sale of crypto or sell a business or inheritance or or whatever particular means you it'd be good to have a structure ready to fill, to fill and utilize when you've got the opportunity. Now, we talk about this quite a bit, the Safe Plan versus the Windfall Plan. A lot of times, with the, the Safe plan, includes a term policy, which has the ability to convert a term conversion, is what it's called, into, the, the traditional whole life policy, where you can actually bank cash. In your term policy. You can't. So the, you know, the term policy, and let us say, if you don't have a lot of cash, you start with a small whole life insurance policy that will help you start to learn the mechanics. I often refer to it, like going in to the Martial Arts Studio, or learning jujitsu. When you go and you gotta roll around on the mat for a few months before you even start to get a little bit familiar with it, and it's generally going to be years before you become anywhere proficient.
1:50:31
I don't think the the fuse Is that long and IBC but you know, having your term, your safe plan in place with the term conversion and a small whole life policy that you can add that term conversion on top of Meaning. Like let's say you had a $10000 whole life policy.
1:50:51
And a small term that gives you the ability to convert another $100,000 worth of whole live. You can do that and segments over 10 years when cash flow becomes available. But yes, having a financial trust that you can fill with your policy loans and then loan out on various assets I think is a Is a wise way to prepare.
1:51:15
And it's like I said very, very cost effective and will help you to begin to roll around on the mat so to speak and learn learn the tools and Seth on that same note.
1:51:29
I think what's also important to consider for people that I would start with a term policy is they may be looking at uh Let's say it's a 10 or $15 million windfall coming the next time we get a high point in crypto.
1:51:47
And if they go into their policy with 10 or 15 million, they then open themselves up to have to go through a full financial audit.
1:51:55
And if they already have a term policy in place, they can just convert it with no audit, is that correct?
1:52:00
Absolutely correct.
1:52:01
Yeah, there's no financial or medical requirements. when you convert a term, it's locked down. It's like an option.
1:52:11
And so, I, frankly, should have a term conversion in place with every plan, and have that term floating out there and the ability to convert.
1:52:21
When you have a place that you need to suck, cash away and put it in an asset protected venue.
1:52:29
So it's, it's one of a diversified varieties that we've, we've talked about, that I think should be in the quiver.
1:52:38
And you're exactly right. But so, let's say that you've got, in contrast to what you describe with no further financial inquiry, or no further medical inquiry, if you have a big windfall. And they want to trace the financial aspects of where the money came from. And that, you know, it may not line up in a way that you can get all of that. That Money Enter.
1:53:03
Or perhaps you have a medical issue that arises between, you know, now and next year that you didn't know of.
1:53:10
And that comes back and prevents them from issuing a policy when you've got that term conversion. It's locked in.
1:53:18
So it doesn't matter if you're, if you've got a week to live, you could convert that term and a whole life pull and pull your, your death benefit down.
1:53:29
You know, that's, that's us, that's why we call it the safe plan.
1:53:36
And this is from, from Pat says, I have the privilege to meet both Seth and Vance in person, as well as J I can say, hands down. They're all Level five gentlemen.
1:53:47
They take potentially complicated situation and break it down to easy, understandable, layman terms. And I have to throw this one end because Bradley, I think I just had to laugh at this one because you are correct.
1:54:01
Bradley says, George, you are starting to sound like Jay, during intro to trading, LOL, so much growth over the years. Thank you, Seth. Thank you, George. Thank you, Jake. And you know what? I feel so much more comfortable behind this, Mike, than I did initially sat when, when you and I were doing some podcasts earlier, like, I just, I, like, oh, how do I do this?
1:54:24
And it was, it's complex and scary, because Jay has always been there, leading the charge, leading the, the live streams. And so it's interesting now being able to do that and actually feeling confident and comfortable in that. And we have one more with Miss Randy, thousand percent onboard with sap. When crypto runs its brilliant and appreciated the offer bringing this to the binge team. Thank you. You rock.
1:54:55
Thank you. and just a shout out for Lobster, Mac and cheese in Dallas with Jay and Pat. That's a memorable nil, hope to do that again sometime.
1:55:10
OK, well, Good, yeah, you know, I want to be there next time because I have only gotten to to meet J, but I actually I have an appointment with Pat later on today to finish some things up with him and Seth I would love to, to meet you at some point in time, so I'm sure we'll make that happen.
1:55:33
I highly suggest lobster, Mac and cheese.
1:55:38
Yeah. And Pat qualities.
1:55:43
Yeah, I'm still jealous that he's sent you some, some fish years ago, I remember when he sent you some, some things from Alaska, so that's, That's great to hear.
1:55:55
Let's see.
1:55:55
Do we have any final, OK, yeah, amen, brother.
1:55:59
So, I think that is, uh, that's it for today.
1:56:05
I really appreciate it. And Seth or Jay, you can, you can have the last word today.
1:56:13
I guess to say. Thank you guys for have, I'm sorry, J, I was just gonna say thank you for having us. And thank you to the audience, and appreciate, Appreciate your hospitality Jan, George.
1:56:26
Millimeter, And we're glad to have you. anytime, buddy.
1:56:28
All right, George, I'm going to close it down. Everybody, have a wonderful weekend. And I hope you guys are continuing week after week to expect 2020 to be your year. It is your year.
1:56:42
Make it easier.