Infinite Banking with Whole Life

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PostPosted: Sat Jul 20, 2013 12:08 am   Post subject:   

My number I refered to was not that far off, the coworker said 9K for his wife alone, if I assume 18k for both, is not far from 16.5 you referenced in CA.



I'm not worried for myself so much. Maybe a catastrophic offshore is doable just a thought I haven't looked into it, I am hearing reports of cash basis services acutally a big one in my state, sure I would pay the penalties for a time but then they later get huge. If I just a cold or flu type visit I have a walkin can use for $50 cash.I am worried about the assault on people in many ways and the effect on society which is my future too.I expect there is also something planned by reporting value of company benefits on the W2. They don't even try to hide it anymore.



Anytime we are assaulted I take it out of cabalist ass by pulling in participation and expenses another notch.

So I don't know and really don't need to know exactly what premium is on a younger family at say 65-70k median income with two working, as we know the state of the median class already, we know this is an assault among other things simultaneously and is not going to end well.



What I imagine is the the median and lower median families will have irs climbing up their ass, forcing them to max out credit cards and borrow out of 401k to pay penalties, while they remain in the same state, uninsured. If they dont comply, irs liens property and levies income. Then they go into BK chapter 13 slavery. Is this why they wrote 15000 new irs agents into an affordable care act bill?



I have a principal, not to have much of any available credit cards for irs to hijack. And I am against 401k, it may be the ultimate trap. When irs/obamacare forces them to borrow out, they pay double tax on new income to repay 401k loan, effectively 50-70% interest rate.



I am ending 401k additions this year, only using it for now in a tax adjustment for the rest of this year but temporarty in planning to maka a hardship withdrawal of it.



All these things keep pushing me to WL, annuity has some of the same exemption securities but not liquid. If and when WL is capitalized where I need it depending on politicaland economic trends, I do have a hope to begin funding a deferred income annuity but likely 2 years away to get there.


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PostPosted: Sat Jul 20, 2013 2:05 am   Post subject:   

More along the lines of speculation but a little common sense, for example cyprus and canada having codified the right to confiscate deposits, and legalized as well in US by stating that depositors are the unsecured creditors to banks, whereas banks and brokerage are the same entity, blah blah blah, I am subscribing to the theory that I want my money in the private mutuals that are outside the gov-bank crime wave. Apparently this is a trend from the asset growth rates of these companies and these macro trends ( this being very early and beginning ) can run a very very long time.


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PostPosted: Sat Jul 20, 2013 2:21 am   Post subject:   

I don't know how much of this information is being covered on this forum of if it is in the context of this forum, the "existing law" that bank depositors are unsecured creditors of the bank/brokerage, is the outcome of the MF Global case and one other commodity firm that did the same thing behind that. There was also some shady dealing involving changing the judge and venue until they got that ruling they wanted.



These things have led me to the mutual companies until there is some restoration of government and law and the vehicle I have chosen in the mutuals is WL because I need the liquidity instead of annuity.


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