Has Your Money Been Stolen Already?
Adrian C. Spitters FCSI?, CFP?, CEA? President, Author, Private Wealth Advisor
I Execute Tax-Efficient Investment Portfolio Solutions So That Your Business, Family, And Estate Assets Are De-Risked And Protected Against Financial Risk, Economic Threats, Inflation And Higher Taxes.
Guest Contributor: Peter J. Merrick, TEP
Has Your Money Been Stolen Already? Here's the Dark Truth About Your Investments & Savings - It Might Be Too Late to Wake Up To Save Them. Here's Why:
In today's financial landscape, countless individuals entrust their hard-earned money to investment accounts, such as brokerage accounts, 401(k)s, and IRAs. However, there's a shocking reality that often remains hidden: you don't own the assets within these accounts. While you might believe you have full ownership, the fine print on each account you have opened up reveals that your assets are registered in "street name" or in nominee form, with the institution as the legal owner. You are only the beneficial owner of these accounts, not the legal owner. Big Surprise, Right?
The terrifying nightmare lurking behind this legally sanctioned setup widespread scam is the highly likely probability that the institutions holding your investments in this fractional banking Ponzi scheme when they face financial troubles or bankruptcy you got nothing because you signed away your ownership and you didn't even know you had. In such a probable scenario, you could find yourself much poorer than you ever imagined because you don't own what you thought you owned due to your willful ignorance.
As of March 2023, the available funds of the Securities Investor Protection Corporation (SIPC) was $3.9 billion in asset sand the FDIC (Federal Deposit Insurance Corporation) was $128.2 billion. Seems like this wouldn’t go very far if the holdings of a couple of big brokerages and banks just up and disappeared. This vast gap between available insurance coverage and total asset values is a sobering reality check.
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What's even more disconcerting is that most financial professionals don't know this, so they could not explain it to you. Most individuals in the financial industry blindly sell financial products without truly grasping the underlying complexities of the house of cards their industry is built on. They unwittingly participate in a grand financial Ponzi scheme where, in the end, most will ultimately lose everything, and that someone could be you if you don't recognize this widespread deception and put in the proper safeguards to protect your wealth and purchasing power.
You are teetering on the edge of a financial precipice. The time to act is now. Diversify your investments, be vigilant, and fortify your financial defences. The entire financial system is more fragile than you think, and the storm could hit sooner than expected. Don't be caught off guard; it's time to wake up to this unsettling truth and protect your financial future.
To learn how to protect yourself from the potential confiscation of your assets, I invite you to book a complimentary consultation with me by CLICKING HERE.
About the author. Peter J. Merrick, TEP, is a Commentator/Keynote Speaker & Expert in US/ Canadian/International Cross Border and Estate Planning and Insurance & Annuity Planning - Author of The Business Novel - The King of Main Street. To read reviews, please click here.
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