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Family Banking

          It is expected that the major commercial banks will collapse in 2023,
          making normal banking relationships impossible. 

           

           Banking may have to be done with local investors or extended Family Banking
         
acting as a commercial bank to its extended family. In that case Secured
          Transactio
ns will be required and you need be able to explain it to potential
          lenders
to finance your business.

      

          So an entrepreneur's job may be to locate private investors and teach them how
          to help you.  Everything they
will need to know can be found here.

https://x22report.com/trump-just-flexed-his-muscle-its-all-about-control-watch-what-happens-next-ep-2964/

Overview of the New "Family" Banker

If you do an Internet search for “Family Banking or Infinite Banking” you will find a lot of YouTubes selling you the knowledge and assistance in starting one. It is more a Financial Advisor's service for estate planning utilizing sale of insurance policies as the money makers for the advisor. The hook is to have you create a Trust Fund.

I am not saying that this is a good product or not. It is simply a product that will work for some persons. But lets look at
upcoming financial changes that are  foreseeable in 2023. If the banks collapse, the White Hats win WWIII and Silver Stackers, the people that saw it coming, will become wealthy in 2023.

The new wealthy might also be older U.S. citizens becoming wealthy from possible reparations paid them by the government. But as such, we are talking about newly rich persons with no real plans for the wealth.

 

Next we have to assume that anyone now looking at Family Banking realizes that IRS is either dead or dying so tax laws will no longer guide their actions regarding their new wealth taxation, including inheritance taxes. So with this assumption we needn’t be desperate for tax-free life insurance policies.

 

We are now stripped down to "How can we help family with our unused wealth without just giving it away? How can we make certain they are using the funds wisely and we aren’t ruining their lives with it? How can we make sure we can leave the funds for whoever we choose to leave it with? How can we simplify our lives with all this new wealth?"

 

I am going to propose a means to accomplish all of your wishes simply.

 

First you don’t have to incorporate, create a Trust Fund or decide who gets what. You just stay you.

 

Secondly you have to get comfortable with:

Contracts, as you might use a few;

Promissory Notes;

Chattel Mortgages (with things as collateral);

Real Estate Mortgages;

(Relax, all the above are just forms).

 

Thirdly you have to learn to say “You need a co-signer”.

 

The fourth step is easy because you don’t need to do it. That is to learn to order a Credit Report.

There, you have just solved your dilemma of being newly rich and your now large family knows it.


There is no need to change your will yet. It stays the same, your spouse gets it all if you die.

 

Once you have gotten this far you need to learn how to perfect all the above documents by recording them at the appropriate place and timely. You may have to watch a seminar on Secured Transactions to accomplish this.

 

Congratulations, you have reached your goal unless you also want to be able to sleep at nights. In that case you will need to cheat just a little. If you don’t want to have to repossess something from your nephew, then require:

 

His parents are co-signers on the paperwork;

 

He gives you a key to the car, a Power of Attorney to do the title work,
a Hold Harmless Agreement signed by him so he can’t sue you for taking his car, and an article of clothing for the blood hounds.

 

A Quit Deed on the real estate giving it to you so you don’t have to formally repossess the land.


This way you can easily fix your problem and put it back on his parents to decide what to do.


This is not a Family Bank, it is a simple way of doing business with family to help them without getting brutalized by them if you don’t wish to be brutalized.

Final Note: You can learn these forms and do it yourself or you can learn these forms and rely on an attorney and possibly a CPA to help you make valid business decisions.

Overview

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The Goal

New “Family” Banker. Part II - The Goal.

 

When I took Family Law I learned of a wealthy young father who set up a trust for his son. The father passed away unexpectedly a few years later. The trust terms were set to give Jr. cash at 18 years old, enough for a car and an education. Thereafter, he received one dollar for every dollar he earned. At the age of 35 Jr. got it all. I don’t know what he looked like but I’ll bet he was a helluva worker.

 

The Goal Of Current Bankers Is To:

 

Take in deposits from others;

Lend that money out 100 times over (leverage)

Keep the interest earned as profits.

 

When the banks collapse, you may choose do as they did,

or you could choose to do better by not really being a banker.

 

If you do better you won’t have depositors bothering you;

You won’t need the profits or high interest income;

If you make mostly commercial loans limited to a very few per year.

 

If you give away cash then just give it away. If they want Botox and boobs give it. But if you take them as banking customers you will have to add a
drive-in window on your side of the bed because every time they go bar
-hopping they will need money.

 

But if your goal is to help both your family and your community (leveraging) then make mostly commercial loans, based on an approved business plan, with collateral and family guarantees. This now sets them up to work for those boobs and overall improving the local economy. Again, this is leveraging the community profits as it circulates cash flowing forever!

 

The Goal of New “Family” Bankers Might Be To:

 

Be left alone for the most part.
Make only plan approved, mostly secured
, business loans.

Teach them to earn their own way.

The Group

New “Family” Banker. Part III - The Group.

 

To be a great Family Banker you need to form a support group. I suggest you locate a few locals with the same problem – they are newly rich and too old to spend it. Together you can be a Board of Advisors to each independent Banker.

 

Perhaps you can train together on the forms and process. Perhaps you can learn to study the business plans, discuss and adjust them. Perhaps you can use the same lawyer and CPA as needed for consultants. You might want to place one of the group on the business boards that you finance. So now you can advance credit as needed as the business grows and succeeds.

 

And perhaps, you can advise each other when it’s time to cut off the credit to a business. Heck, you might even participate in order to make a larger financial investment together for the good of the community.

 

Your ultimate goal is to cut out the attorney and CPA as you learn from them and gain your own confidence.

Borrow on Silver

Borrowing Against Your Gold/Silver             
                              Hypothecation Agreement            PDF  
                          
                              Testing Gold/Silver                 YouTube

Loan Procedures & Tutorials 

See Also:      The Evolution of Finance.

Complete Family Funds Business Plan            Link

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