September 17, 2023 • 58 mins
Episode #1624
Original air date July 26th, 1999
Email us: thefacthunter@mail.com
Website: thefacthunter.com
Mark your calenders: the "Listener Call-In Show" returns October 18th at 9 PM ET! Join us at www.thefacthunter.com
Original air date July 26th, 1999
Email us: thefacthunter@mail.com
Website: thefacthunter.com
Mark your calenders: the "Listener Call-In Show" returns October 18th at 9 PM ET! Join us at www.thefacthunter.com
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:01):
The following presentation Isabel Marvis Studio's production. Y'are listening to the fact Hunter Radio
Network. Here is your host,George Hobbs. Welcome back fact Hunters and
truth seekers from around the world.It's Sunday night and that can mean only
(00:22):
one thing. It's their classic audioseries. We're picking back up before we
left off with nine to eleven.This is Asset Protection Part number four,
episode number sixteen twenty four that originallyaired on July twenty sixth, nineteen ninety
nine. And just again another quickreminder, don't forget. October eighteenth,
nine pm Eastern Time is our nextlistener call in show. Do not miss
(00:45):
it. Everyone, have a greatweekend, keep your head on a swivel.
Without any further ado, here isBill Cooper. You're listening to the
hour of the time. I'm WilliamCooper. Welcome ladies and gentlemen. How
in the world two? I believethis is part four of our ongoing series
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on asset protection. If you wantto get way ahead of the game,
go to our website. It's Harvestdash Trust dot RG. That's Harvest dash
Trust dot org and click on theBelize Offshore Trust banner. There and start
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reading. Just follow all the linksand start reading and studying, and you'll
learn quite a bit. You won'tlearn as much as you're gonna learn listening
to this broadcast, or if yousend for our report, report is fifty
dollars. If you'd like to havea copy of everything that I'm giving you
on the internet, not on theinternet, but on this broadcast last week,
(01:57):
tonight, and a couple more nights, and maybe even after that,
send fifty dollars to the hour ofthe time in care of one oh one
point one f M. That's thehour of the time in care of one
oh one point one f M pelbox nine four zero. That's PO box
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nine four zero eager spelled e agA R Arizona eight five nine two five.
Once again, the hour of thetime in care of one oh one
point one f M PO box ninefour zero eager spelled e ag A R
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Arizona eight five nine two five USA. The information that you're getting on this
broadcast applies in any country anywhere.To pay very close attention, folks,
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if you want to make sure thatyou get this information along with your report,
you will also get the whoops,got a little ahead of myself there.
You'll also get the information you needto make application if you want to
join the Belize Trust program, it'sup to you. I highly recommend it.
(03:34):
This nation is quickly becoming the fourthrich. Nothing that you have is
safe in the United States anymore.If you think it is, we'll stick
around, you're going to find outthe hard way. The hard way.
We're headed into full blown socialism.And socialism doesn't let you have anything.
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You have to be a victim,you have to be poor, you have
to be one of the down troddenmasses. They must eliminate the middle class.
You can't own property in a socialiststate, and so they're going to
take it all away from you,and then big brother is going to promise
to take care of you and yourchildren and all of that kind of stuff
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that we have seen in the past. Socialism never ever does they kill,
murder, put people in prison,concentration camps, later camps. Socialists are
responsible as a group for the largestnumber of people murdered in the history of
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the world by any one group.So if you think you like socialism,
stick around. You've change your mindreal quick. Even the people who love
socialism, who usually bring socialism andcommunists to power always find out that they
made a big mistake. They're usuallythe first ones executed. And you know,
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if you don't believe me, lookit up there for everybody to see.
It's a matter of historical records.If you're a king, you wouldn't
be afraid of anything. Nobody now, not even a rhinocerous imposturans. Why
I trash from town the bottom?I not be self? What if the
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word a brother saw it? Ishow him who was king of a Florence?
Ow how courage? What makes aking out of a slave cartage?
Is the flag on the mash away? What makes the elephantage us? And
the misty mist or the dusty tusk? What the muskrat god is muskrats?
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What makes the Sphinx of seventh wonderof courage? Drawn? The aprilatement cost
urge? You could say that thegood Yes, they can say that again,
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but will they? How does thesettler communicate instructions to the trustee?
I'm backing up just a little bit, maintain the continuity of what I'm teaching
you here, Well, folks,is very simple. The settler merely sends
a letter of wishes, so hecannot order the trustee to do anything,
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but he can submit a letter ofwishes that contains the instructions or request,
and it should always be in theform of a request, never instructions or
orders. The settler can, forinstance, ask the trustee to send funds,
request to change and beneficiaries make newinvestments, requests the loan to himself
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or another beneficiary are appoint a newtrustee or protector. While it appears that
trustee has full control and authority,the settler impact has considerable control over the
trust and the trustee, so itis in the trustee's best interest to take
care of the settler's reasonable requests.The keyword there is reasonable, otherwise the
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trustee will be out of a job. When it comes to offshore trust,
ladies and gentlemen, the most commonquestion is, how do I know I
can trust the trustee who lives inthat foreign country and I've never met him
before my life. After all,when someone, particularly a stranger and another
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continent or some island somewhere, controlof your money, you certainly have a
legitimate concern that the trustee may embezzle, squander, lose your money, or
make bad investments. And if youdidn't wonder about those things or take steps
to answer those questions, then youcertainly would not be responsible, and you
would not be practicing due diligence inthe efforts to protect the assets and that
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you must do always. In reality, there is very little, absolutely very
little, and in my experience,no basis for any of this kind of
concern. Foreign trustees are known tohave impeccable track records for honesty and prudence.
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In fact, I have never andthe police trust program has never heard
of one instance where an individual hasever lost one dollar to theft by a
foreign trustee. I can tell youpersonally that our family has never even lost
a penny. The trustees that wedeal with have been absolutely the most responsible
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businessmen that I think I've ever dealtwith in my life. In addition to
the inherent honesty of the trustee,and Offshore Haven cannot afford an embezzlement scandal.
You see, they make their money, ladies and gentlemen by building confidence
in order to attract lots and lotsof money from other countries to their shores,
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and a lot of people make theirliving because of that. The country's
economy thrives because of it, becausea lot of that money those investors choose
to invest in projects in that country. If for any reason a trustee should
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prove dishonest, the tax haven countryitself will move towards making a very quick
restitution because they can't afford. Theydon't want to even hear it, they
don't want the negative publicity, theydon't want to drive the money away from
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their country. They need it.So check it out carefully. And once
you've reached the understanding that these thingsjust don't happen, and if they should,
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perchance, you're not gonna lose anything. Nobody's gonna let that happen,
your next question might be what happenswhen I die If I'm the settler of
this trust, and of course I'madvising you not to be. There's ways
to do this so that you're notthe settler, the protector, the beneficiary,
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are the trustee and still can maintaincontrol. And I'll be talking about
that before I'm done. One ofthe greatest benefits, ladies and gentlemen,
of an offshore trust is that itis air conditioned, as spelled hi r
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air as in your children. Normally, upon the death of the settler the
assets will be distributed according to trustprovisions. The final beneficiaries and method of
distribution are kept on record through aletter of Wishes are a series of letters
that reflects changes. The trust ordinarilyprovides that it will dissolve upon settler's death
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are after a certain number of years, the assets will go to the remainder
of the beneficiaries. If you reallywant to make this work, I recommend
that your trust be in effect forthe maximum number of years allowed, which
in Belize is one hundred and twentyfive years. Well, what if you
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don't want it to last that long? What if you want your heirs to
take over and receive all the benefits, Or what if you want your heirs
to take over and control the trustafter you're dead and you do want the
trust to go on in operation forthe maximum number of years are a stet
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number of years beyond the time ofyour death. Well, if your heirs
are the beneficiaries of the trust,there's no change needed. You see,
the successor trustees takes over and conductsbusiness as usual. If your heirs were
not the beneficiaries at the time ofyour death and would like to be afterwards,
the present beneficiaries need to relinquish theirposition and have it cleared by the
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trustee. You might have some difficultydoing that, so you want to make
sure that all of the specifications ofwho is going to be the beneficiaries of
the trust are clear before you die. So you have to take care of
all that through letters of wishes tothe trustee before you kick the bucket.
One of the best ways of doingthis is by having their certificates. In
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other words, whoever holds the certificatesis the beneficiary, aren't there's more than
one beneficiary, there would be morethan one certificate, or there may be
one certificate entrusted to two or threeor four people. However you set it
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up is the way that it willwork. If your heirs simply want to
control the assets like you did beforeyour death, you will need to make
sure their names are established as successortrustee in the appropriate minutes. That way,
in the event of your death,they automatically take over your position as
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first trustee. Now, what isa trust certificate unit and TCU a trust
certificate unit holder. Well, it'svery simple. Took a trusts certificate unit
is similar to a stock certificate andthat it represents ownership to an asset or
a group of assets. A trustmay have any number of certificates issued.
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The settler designates exactly how the trustscertificate units are divided, and whoever holds
them are the beneficiaries of the trust. The trust can be issued one bearer
certificate get to be transferred to thebeneficiary of your choosing upon your death and
during your lifetime. There really doesn'thave to be a beneficiary. You can
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just hold that certificate until you dieand then specify who it's going to go
to. Nothing is actually transferred towhomever you may name, and your will
accept that certificate, and unless thereis a disbursement of the assets of the
trust to the beneficiary, there's absolutelynothing to tax. It's also a good
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idea if you pass it along withoutanybody knowing that you've done it. There
are ways to do that. Also. Now listen to be very carefully.
A trust is not a bank account. It's not an investment account. You
see, none of the assets belongto you once you place them in the
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trust. Now somebody like the irs. If you're the settler, the trustee,
the protector, or beneficiary, andyou're the one who put those assets
in that trust. They're going totry to say that they really do belong
to you, and they're going totry to attach you on it. And
this is one reason why I'm tellingyou it's not good to be one of
those things. The trust does nothave a return until until funds are invested
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by the trustee at your request.A trust is not usually registered or recorded,
and I advise you, I adviseyou strongly never to register or record
your trust. The trust has noreporting or accounting requirements, none whatsoever,
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and it is not required to beregistered or recorded. The assets are not
subject to taxation until the disbursement hasbeen made. Assets not subject to probate
are state duties. So when youdie, you don't lose most of what
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you accumulated in your life time.Because of death taxes and inheritance taxes and
lawyers and contested wills and all ofthese kinds of things. You may die,
but the trust continues to live.And remember, the trust in the
law is a person. A trustdoes not need an attorney or an accountant
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to set up the trust. Notrequired, is not required. Ladies and
gentlemen, Now, how can anoffshore trust protect your assets well, quite
simply, the very same way thatit has protected the assets that this family
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has accumulated throughout his lifetime. Iown nothing now. Everything is in trust,
even though there is a warrant outfor my arrest by the federal government
in an attempt to shut me up, because I've never broken the law,
at least not intentionally, and I'venever committed a felony or anything like that.
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Almost everybody in this nation has committeda misdemeanor at one time or another.
Traffic ticket is a misdemeanor, aparking ticket is a misdemeanor. But
the jackbooted thugs have never succeeded ineven taking one single penny that belonged ever
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to this family. This family ownsnothing now. Now, you wouldn't have
those kinds of problems because you're noton the radio telling the truth that hurts
these stinking, rotten treason as socialistswho want to destroy this country and bring
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about their utopian world. You're nothurting them like I am. No one
in the history of their attempt totake over this country has ever hurt them
like I have done. I'm theonly one who has ever been named as
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the most dangerous enemy to their cause. The only so it's only natural that
they come after me. And Itold you many years ago that they would.
I was prepared for it. I'mprepared to die if need be in
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this battle, and it is abattle. It's a war in order to
make sure that my children can livefree in the future. You don't have
this problem. And if you keepyour mouth shut, you do this right
within the law, and you keepyour assets out of this country so that
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they cannot take them, you'll befine. Try to do it any other
way, ladies and gentlemen and spideror later you're gonna lose it all,
most of you. I've already arrivedat that conclusion without my health. But
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even if everything were fine, toown property today in this country and today's
litigious society is a liability. Thegovernment wants you to own property because it
is in their best interest in amajor source of tax dollars. Attorneys will
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tell you about living trusts and wills, but they don't want you to know
about benefits of an off shot trustbecause it eliminates the need for probate.
And that's one of the biggest sourceof incomes for attorneys and also shelters your
assets so it becomes unprofitable for attorneysto steal you. In fact, an
attorney will never take a lawsuit againstsomeone who has no money and no property
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because he knows that even if hewins, he will not be paid.
Not one red cent will he get. Neither will his climb or her climb.
And offs your trust discourages litigation inthree ways. Listen to me very
carefully. First, it provides secrecy. Nobody's going to know anything about it
unless you open your big mouth,unless you have a disease known as flat
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jaw. And it's terminal. Atrust provides secrecy. The credit or a
pointiff in a lawsuit doesn't know howmuch money you have, which usually stops
many potential lawsuits before they start.And even if they thought they knew how
much money you have, you reallydon't have it. And this is what
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you have to get through your head. You don't own it. It belongs
to the trust, not you.Second, and offs your trust will convince
you of than the most determined plaintiffthat it would be difficult, if not
impossible, to collect whether they wantor not. And I'm telling you right
now they wouldn't be able to collectat all except if they could find trust
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property in this country. And they'renot going to do that unless, once
again, you have flat jaw,a terminal disease that wiped so many people
out. I was talking to ajudge one time, a real federal judge
who was honest with me in private, but would never repeat anything that we
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discussed in none of the honest thingsthat he ever admitted in public. And
I said, you know, ifall of this is true, why are
there so many people in prison whoshould not be there? He said,
Bill, there's not one single personin prison who did not volunteer to go.
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Well, that shut me up fora while, because I was I
was pushed way down in the depthsof deep thought when he said that.
It took me a while to reallyunderstand what he was talking about. Flap
jaw is exactly what he was talkingabout, dealing plea bargaining, not trusting
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the jury giving them by opening yourmouth and talking all the information they needed
to put them in prison. Oh, if you can keep your mouth shut.
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The asset protection of an offshore trustlevels the playing field. The defendant
gains bargaining power and leverage because theplaintiff cannot collect. And remember, you
don't own anything that trust does.You're not ever going to be the defendant
of the trust is going to bethe defendant. Since the trust is offshore,
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they cannot subpoena the trust or thetrustee to come into a court in
this country and testify. The offshoretrust gives you leverage to settle for pennies
on the dollar if you choose todo so. I of course would never
do that. Now, there's abig portion of this that has to be
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governed by morals and ethics. Youshould not, and I'm going to say
should not because they know damn well, there are some people out there listening
who would. They're selfish and greedyand don't give a damn about anyone else.
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And the only reason they would enterinto this would not be passed down
anything to their posterity, but topreserve it for their grief little selves while
they're alive. We all know peoplelike that. You should never use a
trust to keep from paying debts thatyou lawfully entered into and lawfully owe.
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You should never use a trust toget out of a contract that you knowingly
signed and committed yourself too with nofraud perpetrated against you. If you hurt
someone and you know in your heartand soul that it was your fault,
you should not use a trust toget out of taking care of that person
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that you hurt. Understand what I'mtelling you, even though I know most
of you aren't going to pay anyattention of that all. Third, and
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most important, a judgment creditor cannotseize your assets under any circumstances. A
judgment creditor cannot seize your assets underany circumstances. And that goes for the
jackbooted Nazi, lying outlaw, criminal, thugs of the Internal Revenue Service,
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traitors, all scum of the earth. And this also applies to the beneficiaries.
The beneficiaries creditors have even less powerto reach assets because the beneficiary has
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no vested interest in the trust.If you do this right, neither will
you. In the event the beneficiarybecomes insolvent or any part of his property
becomes liable to seizure or sequestration.For the benefit of creditors, the trustee
has the right to minimize the beneficiary'sinterest in the trust. This is designed
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to protect the beneficiary against his orher own incompetence or inability to handle money
or property. For added protection,the trust has a spend thrift provision that
prevents the beneficiaries creditors from seizing undistributedassets. And how could they anyway If
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they're undistributed. They belong to thetrust, not the beneficiary. Nothing belongs
to the beneficiary. Nothing is taxableor seizeable, or probatable or anything else
until it has been dispersed to thebeneficiary from the trust. An offshore trust
is also the safest alternative if somebodyis already after your assets, the fact
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that creditors know about the trust willnot give them claim. A court cannot
touch assets in an offshore trust eventhough the American settler debtor is under court
provisions. Even though the court knowsabout the assets, the court still cannot
compel a debtor to do what thedebtor has no legal power to do.
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You see, the assets belong tothe trust. Only the trustee has the
power to hand over assets to anyone. Only the trustee has the power to
return assets titles to a trust.By the terms of the trust, the
settler, as judgment debtor cannot compelthe foreign trustee to return assets and therefore
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cannot be held than contempt of courtfor failure to do so. Even if
he tried, the trustee would notallow him. So. If somebody is
already after your assets, there aremany ways to protect yourself With an offshore
trust. You can loan yourself backyour own money, and actually that's wrong.
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You can't loan anything. The trusteecan loan you money that belongs to
the trust and encumber your assets tosecure payment. This loan can be interest
free. You see, we havea right to contract whatever we wish.
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You could take a second mortgage loanfrom the trust with payments so high and
repayment terms so unattractive that creditors wouldnot pursue your home. Since you indirectly
control the trust, you can adjustthe loan in many ways. In other
words, there should be there canbe such a debt placed upon your assets
owed to the trust that nobody iseven going to try to take them.
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Another way is to borrow money fromthe trust through a shared appreciation mortgage.
You borrow money from the trust andagree to repay the loan at a lower
rate of interest in exchange for thetrust receiving a share of the pledged properties
future appreciation. The profits eventually goto the trust and are tax deductible to
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you and our tax The profits eventuallygo to the trust and are tax deductible
to you and are tax deferred untilyour death. In the meantime, the
shared appreciation mortgage shields future equity buildup from creditors. See what possibilities there
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are. Does your business have accountsreceivable? You could sell them to the
trust at a discount. Now,you can't sell it at a greater discount
than it is normally accepted in business, because then the irs will say you
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gave it to the trust, andtherefore it was an unlawful and in not
standard big business practice to do that. That's why I always warn you everything
must be done according to real value. Now, in business, they really
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do sell accounts receivable at a discount, and it's called factoring. Factoring.
If you sell them for fifty centson the dollar, and you have ten
thousand dollars in receivables, your businesswill receive five thousand dollars. When the
receivables are collected, the trust willhave ten thousand dollars, which gives the
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trust a non taxable income of fivethousand dollars. The possibilities are endless.
Keep in mind, folks, thatit is fraudulent to transfer assets after legal
action has been undertaken. But ifyou know that legal action is going to
be taken, it is not illegal. It is not illegal. It is
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not fraudulent to take action and transferassets before the legal action has been filed.
However, even under the circumstances ofafter legal action has been undertaken,
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the court still cannot compel the settler, debtor, or the trustee to remove
the assets from the trust. Butthey can prosecute you if you broke the
law and transferred the assets after youknew legal action was undertaken. But even
though they may be able to prosecuteyou for that, they cannot touch your
assets off your trust breaks the chainof legal ownership between the settler and assets,
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so you don't own it anymore.It's not your money, it's not
your properties, not your homes,not your car. None of it belongs
to you. And the anti durestclause in a trust further provides that the
trustee must ignore any request from thesettler or beneficiary that is made from a
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court order. The creditor or plaintiffcould try to file claim in the tax
savement, but the laws of suchplaces are structured in such a way as
to make it difficult, if notimpossible, to collect. Even if a
credit we're successful, the trustee willevoke the flight provision feature of the trust
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by exercising his or her right andmoved the trust to a new haven.
And it can literally be done withinan hour on a computer, forcing the
creditor to begin legal action again.And legal action offshore, ladies and gentlemen
is expensive. You have to havea lawyer here who must contact a lawyer
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in that country, who must locatethe assets, find out where the trust
is, who the trustee is,bring the action in the court and it's
all done through your attorney here.If you think it costs a lot to
sue somebody in this country, trysuing somebody outside this country. That's why
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you never hear of things like thathappening. So as you can see,
an offshore trust is your best legalalternity to protect yourself without illegally concealing your
assets. Don't ever do anything illegalor unlawful. Stay within the bounds of
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the law. And I'm talking aboutthe law. I'm not talking about the
color of law. Stay within thelaw and you'll be fine with a trust.
You can be both truthful, ladiesand gentlemen, and safe. What
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about bankruptcy, you may ask,how does it offs your trust affect bankruptcy?
It is essential, ladies and gentlemen, to truthfully report to the bankruptcy
court all recent transfers to a trustthat you may have an interest in.
Now, the key word is thatyou may have an interest in. If
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you're not the trustee, the beneficiary, the protector, or the settler,
you have no interest in that trust. The assets do not belong to you,
even though you transferred them. Andif you don't occupy one of those
four positions, you have absolutely nointerest in those assets whatsoever. Dishonest reporting
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in bankruptcy is fraud. On theother hand, a bankruptcy court has the
same recovery powers as an individual creditor. As long as there are at least
two or more discretionary beneficiaries of thetrust, the trustee is under no obligation
to distribute assets to the bankrupt beneficiary. Assuming you are one of the beneficiaries,
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a bankruptcy court cannot compel the trusteeto turnover assets transferred to the trust
under any circumstances, for any reasonwhatsoever period can the irscse assets in an
offshore trust. While, ladies andgentlemen, the manner in which the IRS
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treats the United States of American citizenand the separate citizens of the several states
has done more to encourage taxpayers tomove their assets offshore than any other factor.
And if it's fact, if Ihad not discovered the terrible tyranny of
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the Internal Revenue Service long before theyever came after me, I would never
even have thought about putting my assetsin a trust. But I began looking
for ways to protect our assets assoon as I discovered there was no law
that required us to file and paythe income tax in the first place.
Congress has never passed such a law. No such law exists. We're just
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simply not bound by law to participateand not going to. So it's mainly
because of the IRS that there isa great, huge, burgeoning and successful
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offshore business and investment's Asset Protection trustinternational business corporations, And I could go
on and on and on and on. You see the position of the Internal
Revenue Service jack booted Nazi thugs isyou're guilty until you're proven innocent, and
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that has ultimately undermined and destroyed Americanpatriotism. What is the government's response,
expand the authority of the Internal RevenueService taxpayers. If you call yourself a
taxpayer, you're a fool. Ifyou belong to something called the tax payers
Party, there's even a bigger poolbecause in the law you are what you
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call yourself. Citizens with serious internalRevenue Service problems frequently sell or mortgage their
assets and then transfer their liquid wealthto the offshore trust before a tax lean
is levied. And Ladies Joman,I've investigated these irs tax leans. They
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have never levied a lean in theirhistory. They fool the county recorder by
filing a notice of lean. Anotice of lean is not a lean.
Only at court can make a judgmentand place a lean on a property.
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The RS does all of this hocuspocus magic bullshit acts under color of law,
without due process, without a courtorder, with nothing. They do
not file actual leans, no leanexists. What they file is a notice
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of lean with the county recorder,who's just another dumb sheeple and doesn't know
the difference and therefore is part andparcel to the conspiracy to destroy you and
your property. And it usually isyour next door neighbor. Oh, it's
all missus Harris been working for thecounty for forty years. She just says,
a sweet little thing. Too bad, she's so damn ignorant, sweet
(41:44):
little thing. But when she's doingthings that destroy families and businesses and lives,
she is not a sweet little thing. She is an ignorant, stupid
clerk, sheeple participating in tyranny.So no lean is ever filed or levied.
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It's a hoax. And if youdon't believe me, check it out
in the law yourself. I've alreadydone. It makes me sick, makes
me angry. So the only wayyour assets are safe from the Internal Revenue
Service is to be sheltered offshore.They can't touch them there. A safe
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tax haven will not enforce Internal RevenueService levies or summons, or cooperate with
the IRS to discover or seize trustassets. This is why it is important
that the trust be located in aforeign haven that does not have reciprocal agreements
with you United States? Could ithappen to you? Do you bet you
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it's going to happen to somebody listeningto this broadcast tonight. There's a lot
of people who mistakingly believe that ifthey have a corporation, they're safe from
judgment and creditor claims. And haven'twe all at sometimes in our life,
said, well, can't happen tome. Even if you have a corporation,
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Your personal assets may be seized tosatisfy an internal revenue service judgment against
your corporation. Did you know thatyou could lose your home, automobile,
and all your personal possessions. Theydo it under the color of law,
unlawfully, unconstitutionally, but nevertheless theydo it. Hitler lives, ladies and
(43:53):
gentlemen in the United States of America. That sucker never died. He just
got in a rowboat and came overhere. Roughly two thirds of the owners
of United States corporations are sitting ducksfor this sort of legal action, and
you don't even know it. Thesudden seizure of your assets could result in
(44:15):
something as simple as failing to keepcomplete corporate records, and you may not
even have anything to do with it, may not even know the employee who
does and there may be a chainof managers between you and that employee that
you must trust somewhere along the wayto make sure that things are done right.
(44:37):
Let's look at an example. Someonebrings a frivolous lawsuit against you and
your corporation simply because they know there'ssome money there, and they know to
keep from spending years in court andhundreds of thousands of dollars in legal fees.
At some point along the way,you're gonna offered to settle with them,
(45:00):
because that's what most people do Wrongly. No one should ever settle,
but they do it their attorney subpoenasyour corporate records are During a routine IRS
audit, the auditor asked to seeyour corporate records, and like a fool,
(45:22):
you give it to him. Justbecause he asked to see something doesn't
mean that you're required to turn itover. In fact, you're not.
In both cases, your corporate recordsare not up to date, or they
may be incomplete, and that pointit is too late to fix them up,
(45:43):
as many people try to do.Under such circumstances, you're in trouble.
Here's the worst case scenario. IRSpierces your corporate veil denies tax benefits
and stocks you with a huge taxbill. You can be ground up like
sausage. You can't pay, andthey file a notice of tax lean.
(46:10):
Notice I said notice of tax lean, because that's what they file. They
really don't have a lean. Thecounty sheriff doesn't know the difference between a
real lean and a notice of taxlean, and he goes out there with
them to take all your property.Another stupid sheep of fool. That's how
(46:36):
people who start out to do goodend up doing terrible damage and harm to
their neighbors because they're ignorant, andeven if somebody presents them the truth,
they don't want to hear it,and that makes them stupid fools. They
(47:01):
file a notice of tax lean,and of course everybody in accounty goes right
along with it because they don't knowthe difference between a real lean and the
notice of tax lean filed by theInternal Revenue Service, and they take all
your property, real and personal.You try to borrow money to pay the
(47:23):
bill, but all of a suddenyou find your credit rating has evaporated overnight
because of the tax lean. Yourbank account is attached regardless of how many
checks you have outstanding, and thenwhen they come in, guess what,
You've bounced checks and now you've committeda felony. Oh yeah, it doesn't
(47:45):
make any difference in the law whythey bounce You're not supposed to bounce checks,
and you can go to prison forthat. On top of all the
irs problems. Most women, whena husband finds himself in that situation,
(48:06):
will leave him and divorce him andtake the children, take his children away
from him. Now I'm not sayingall women will do that, but most
women will do it, have doneit. It happens every day. They
put a lean against your outstanding investmentsare a notice of lean, I should
(48:29):
say. They have never ever secureda proper lean, and bankruptcy does not
stop them. Your salary and yourspouse's salary are garnished. This is usually
when the wife decides she's leaving.I'm leaving so much for marriage val They
(48:53):
obtain a rip of entry and seizeyour safety deposit box. You didn't think
they could do that, did you, But they can. They eventually grab
your IRA or other retirement plan andthe cash surrender value of your insurance without
notice of foreclosure. Your real propertyand liquid personal property could be sold with
(49:15):
no minimum bid whatsoever, for pennieson the dollar. And if that doesn't
pay the bill, the Internal RevenueService will attach your pension and they will
follow you and snatch every penny youever earn out of your hands before you
can even put it in your pocket. Sound like a horror story, Well
(49:35):
it is, and that is noteven all you see. If you're clever
enough to try to end at alland protect your family from further seizure and
die or commits suicide, they willcome after your state after you're dead.
They will even take the family album, take the children's piggy banks, dolls
(50:05):
and toys. You don't think so, ask somebody who has been through it.
They do all of that and more. You'd better understand, ladies and
(50:27):
gentlemen, this is not the UnitedStates of America. We were taught that
it was when we were children.When I'm fifty six years old, so
I was a child a few yearsago. What I was taught about this
country was totally different from what Isee that it actually really is today.
(50:50):
This is not the United States ofAmerica that I was promised. This is
not the United States of America thatthe founding fathers built. This is not
the United States of America that allof the patriots who have died for freedom
and for this country in its historyfought and died for. We're about one
(51:22):
inch away from the most terrible,despotic tyranny that you can imagine, and
for many people, it is alreadyhere now. As with bankruptcy, all
(51:44):
asset transfers to a trust, andlegal our beneficial interest in a trust must
be disclosed to the Internal Revenue Serviceaccording to their color of law Nazi jack
booted thug tyranny regulations that have noforce of law whatsoever when it comes and
(52:08):
when it attempts to enforce collection.However, even if they know about it,
they still cannot seize the assets,nor can they force you to remove
assets in an offshore trust under anycircumstances. And remember, if you're not
the settler, the trustee, theprotector, or a beneficiary, they can't
(52:29):
even try to come to you toget you to disclose any of it or
enforce any collection because none of itbelongs to you, and they can't connect
you with it at all if youare not in one of those four positions
and you couldn't give them anything anywaydoesn't belong to you. Even if you
(52:52):
are in one of those four positions, only the trustee can disperse or move
or give over assets of a trust. You no longer own the assets.
The trustee owns the assets and trustor the trust and controls them and will
not allow them to be seized underany circumstances. And the laws of the
(53:15):
country, if you choose properly believesis your best choice, the laws of
that country will protect the trust andthe trustee against any attempt. And did
you know that your business can bea trust? Now? I've met some
(53:39):
shaple in my life, and socialistsare the biggest shapele I've ever seen.
I mean, they're just their brainshave vacated their head. And the first
thing that they will ask is whydo I need all this secrecy if I
have nothing to hide privacies? Privacy, folks, is a dirty word to
(54:04):
socialists. It's a dirty word tobureaucrats too. Consequencely, it's virtually extinct
and unavailable in the United States today. You would be absolutely amazed what they
know about you. In fact,you would be amazed what I can find
out about every single one of youlistening to this broadcast without exception, just
(54:28):
by spending one hour on my computer, you would be amazed. In fact,
it would scare you. You see, the government of the United States
neither respects nor guarantees your privacy.Your private records are not protected. Our
debt ridden government wants a bigger biteof your wealth. Suit can search harder
(54:52):
and harder and harder each year formore dollars, for more taxes, to
confiscate from you and your family,and use any excuse, including the national
security and crime prevention and drugs,and to invade your financial property and just
take it all away. If theythought they could sell you, as slavery
was legal, they'd take you too. If there was a slave market,
(55:17):
they'd sell you there if they couldget away with it. Your financial records
can be subpoened. Of course,you don't have to turn them over simply
because of the Fifth Amendment. Butthey can be subpoened not only from you,
(55:39):
but from your bank. And that'sa third party, from an accountant,
from your CPA, from your bookkeeper, from your investment broker, our
financial planner, or anybody else whoknows anything about them. It's only you
If you're accused despite the Fifth Amendment, for not turning anything over that might
(56:00):
tend to incriminate you. And Ican hear the socialists say, well,
if you're not guilty of any crime, why would it tend to incriminate you?
Oh, little do they know?The United States government has at least
(56:28):
thirty active files on each single personlistening to this broadcast and every other person
who lives in the United States ofAmerica as a typical American, our resident
alien. If you're a high profileindividual like me, they may have hundreds
(56:52):
of files which they freely share withanyone who wants to know. Well,
think about your income tax Think yourincome tax information is confidential? We thank
again. New rules, ladies andgentlemen, enable the Internal Revenue Service to
(57:12):
hire outside contractors to process tax returninformation. The new rules state that providing
tax return information to outside companies willnot violate taxpayer confidentiality. Common sense says
that anyone other than the irs whohas access to your tax return has the
ability to do whatever they want withthem. How about that? How about
(57:36):
them? Apples, ladies and gentlemen. Good night. God bless each and
every single one of you. Godbless you. Annie Pooh and Allison I
Love you, God keep you safe. You're listening to the Fact Hunter of
(57:58):
Radio Network Just the Facts, Mammy
The following presentation Isabel Marvis Studio's production. Y'are listening to the fact Hunter Radio
Network. Here is your host,George Hobbs. Welcome back fact Hunters and
truth seekers from around the world.It's Sunday night and that can mean only
(00:22):
one thing. It's their classic audioseries. We're picking back up before we
left off with nine to eleven.This is Asset Protection Part number four,
episode number sixteen twenty four that originallyaired on July twenty sixth, nineteen ninety
nine. And just again another quickreminder, don't forget. October eighteenth,
nine pm Eastern Time is our nextlistener call in show. Do not miss
(00:45):
it. Everyone, have a greatweekend, keep your head on a swivel.
Without any further ado, here isBill Cooper. You're listening to the
hour of the time. I'm WilliamCooper. Welcome ladies and gentlemen. How
in the world two? I believethis is part four of our ongoing series
(01:07):
on asset protection. If you wantto get way ahead of the game,
go to our website. It's Harvestdash Trust dot RG. That's Harvest dash
Trust dot org and click on theBelize Offshore Trust banner. There and start
(01:34):
reading. Just follow all the linksand start reading and studying, and you'll
learn quite a bit. You won'tlearn as much as you're gonna learn listening
to this broadcast, or if yousend for our report, report is fifty
dollars. If you'd like to havea copy of everything that I'm giving you
on the internet, not on theinternet, but on this broadcast last week,
(01:57):
tonight, and a couple more nights, and maybe even after that,
send fifty dollars to the hour ofthe time in care of one oh one
point one f M. That's thehour of the time in care of one
oh one point one f M pelbox nine four zero. That's PO box
(02:25):
nine four zero eager spelled e agA R Arizona eight five nine two five.
Once again, the hour of thetime in care of one oh one
point one f M PO box ninefour zero eager spelled e ag A R
(02:51):
Arizona eight five nine two five USA. The information that you're getting on this
broadcast applies in any country anywhere.To pay very close attention, folks,
(03:12):
if you want to make sure thatyou get this information along with your report,
you will also get the whoops,got a little ahead of myself there.
You'll also get the information you needto make application if you want to
join the Belize Trust program, it'sup to you. I highly recommend it.
(03:34):
This nation is quickly becoming the fourthrich. Nothing that you have is
safe in the United States anymore.If you think it is, we'll stick
around, you're going to find outthe hard way. The hard way.
We're headed into full blown socialism.And socialism doesn't let you have anything.
(03:54):
You have to be a victim,you have to be poor, you have
to be one of the down troddenmasses. They must eliminate the middle class.
You can't own property in a socialiststate, and so they're going to
take it all away from you,and then big brother is going to promise
to take care of you and yourchildren and all of that kind of stuff
(04:17):
that we have seen in the past. Socialism never ever does they kill,
murder, put people in prison,concentration camps, later camps. Socialists are
responsible as a group for the largestnumber of people murdered in the history of
(04:43):
the world by any one group.So if you think you like socialism,
stick around. You've change your mindreal quick. Even the people who love
socialism, who usually bring socialism andcommunists to power always find out that they
made a big mistake. They're usuallythe first ones executed. And you know,
(05:06):
if you don't believe me, lookit up there for everybody to see.
It's a matter of historical records.If you're a king, you wouldn't
be afraid of anything. Nobody now, not even a rhinocerous imposturans. Why
I trash from town the bottom?I not be self? What if the
(05:30):
word a brother saw it? Ishow him who was king of a Florence?
Ow how courage? What makes aking out of a slave cartage?
Is the flag on the mash away? What makes the elephantage us? And
the misty mist or the dusty tusk? What the muskrat god is muskrats?
(05:56):
What makes the Sphinx of seventh wonderof courage? Drawn? The aprilatement cost
urge? You could say that thegood Yes, they can say that again,
(06:20):
but will they? How does thesettler communicate instructions to the trustee?
I'm backing up just a little bit, maintain the continuity of what I'm teaching
you here, Well, folks,is very simple. The settler merely sends
a letter of wishes, so hecannot order the trustee to do anything,
(06:44):
but he can submit a letter ofwishes that contains the instructions or request,
and it should always be in theform of a request, never instructions or
orders. The settler can, forinstance, ask the trustee to send funds,
request to change and beneficiaries make newinvestments, requests the loan to himself
(07:09):
or another beneficiary are appoint a newtrustee or protector. While it appears that
trustee has full control and authority,the settler impact has considerable control over the
trust and the trustee, so itis in the trustee's best interest to take
care of the settler's reasonable requests.The keyword there is reasonable, otherwise the
(07:34):
trustee will be out of a job. When it comes to offshore trust,
ladies and gentlemen, the most commonquestion is, how do I know I
can trust the trustee who lives inthat foreign country and I've never met him
before my life. After all,when someone, particularly a stranger and another
(07:56):
continent or some island somewhere, controlof your money, you certainly have a
legitimate concern that the trustee may embezzle, squander, lose your money, or
make bad investments. And if youdidn't wonder about those things or take steps
to answer those questions, then youcertainly would not be responsible, and you
would not be practicing due diligence inthe efforts to protect the assets and that
(08:24):
you must do always. In reality, there is very little, absolutely very
little, and in my experience,no basis for any of this kind of
concern. Foreign trustees are known tohave impeccable track records for honesty and prudence.
(08:46):
In fact, I have never andthe police trust program has never heard
of one instance where an individual hasever lost one dollar to theft by a
foreign trustee. I can tell youpersonally that our family has never even lost
a penny. The trustees that wedeal with have been absolutely the most responsible
(09:13):
businessmen that I think I've ever dealtwith in my life. In addition to
the inherent honesty of the trustee,and Offshore Haven cannot afford an embezzlement scandal.
You see, they make their money, ladies and gentlemen by building confidence
in order to attract lots and lotsof money from other countries to their shores,
(09:41):
and a lot of people make theirliving because of that. The country's
economy thrives because of it, becausea lot of that money those investors choose
to invest in projects in that country. If for any reason a trustee should
(10:03):
prove dishonest, the tax haven countryitself will move towards making a very quick
restitution because they can't afford. Theydon't want to even hear it, they
don't want the negative publicity, theydon't want to drive the money away from
(10:24):
their country. They need it.So check it out carefully. And once
you've reached the understanding that these thingsjust don't happen, and if they should,
(10:46):
perchance, you're not gonna lose anything. Nobody's gonna let that happen,
your next question might be what happenswhen I die If I'm the settler of
this trust, and of course I'madvising you not to be. There's ways
to do this so that you're notthe settler, the protector, the beneficiary,
(11:09):
are the trustee and still can maintaincontrol. And I'll be talking about
that before I'm done. One ofthe greatest benefits, ladies and gentlemen,
of an offshore trust is that itis air conditioned, as spelled hi r
(11:30):
air as in your children. Normally, upon the death of the settler the
assets will be distributed according to trustprovisions. The final beneficiaries and method of
distribution are kept on record through aletter of Wishes are a series of letters
that reflects changes. The trust ordinarilyprovides that it will dissolve upon settler's death
(11:54):
are after a certain number of years, the assets will go to the remainder
of the beneficiaries. If you reallywant to make this work, I recommend
that your trust be in effect forthe maximum number of years allowed, which
in Belize is one hundred and twentyfive years. Well, what if you
(12:18):
don't want it to last that long? What if you want your heirs to
take over and receive all the benefits, Or what if you want your heirs
to take over and control the trustafter you're dead and you do want the
trust to go on in operation forthe maximum number of years are a stet
(12:43):
number of years beyond the time ofyour death. Well, if your heirs
are the beneficiaries of the trust,there's no change needed. You see,
the successor trustees takes over and conductsbusiness as usual. If your heirs were
not the beneficiaries at the time ofyour death and would like to be afterwards,
the present beneficiaries need to relinquish theirposition and have it cleared by the
(13:09):
trustee. You might have some difficultydoing that, so you want to make
sure that all of the specifications ofwho is going to be the beneficiaries of
the trust are clear before you die. So you have to take care of
all that through letters of wishes tothe trustee before you kick the bucket.
One of the best ways of doingthis is by having their certificates. In
(13:35):
other words, whoever holds the certificatesis the beneficiary, aren't there's more than
one beneficiary, there would be morethan one certificate, or there may be
one certificate entrusted to two or threeor four people. However you set it
(13:56):
up is the way that it willwork. If your heirs simply want to
control the assets like you did beforeyour death, you will need to make
sure their names are established as successortrustee in the appropriate minutes. That way,
in the event of your death,they automatically take over your position as
(14:20):
first trustee. Now, what isa trust certificate unit and TCU a trust
certificate unit holder. Well, it'svery simple. Took a trusts certificate unit
is similar to a stock certificate andthat it represents ownership to an asset or
a group of assets. A trustmay have any number of certificates issued.
(14:46):
The settler designates exactly how the trustscertificate units are divided, and whoever holds
them are the beneficiaries of the trust. The trust can be issued one bearer
certificate get to be transferred to thebeneficiary of your choosing upon your death and
during your lifetime. There really doesn'thave to be a beneficiary. You can
(15:07):
just hold that certificate until you dieand then specify who it's going to go
to. Nothing is actually transferred towhomever you may name, and your will
accept that certificate, and unless thereis a disbursement of the assets of the
trust to the beneficiary, there's absolutelynothing to tax. It's also a good
(15:35):
idea if you pass it along withoutanybody knowing that you've done it. There
are ways to do that. Also. Now listen to be very carefully.
A trust is not a bank account. It's not an investment account. You
see, none of the assets belongto you once you place them in the
(15:58):
trust. Now somebody like the irs. If you're the settler, the trustee,
the protector, or beneficiary, andyou're the one who put those assets
in that trust. They're going totry to say that they really do belong
to you, and they're going totry to attach you on it. And
this is one reason why I'm tellingyou it's not good to be one of
those things. The trust does nothave a return until until funds are invested
(16:29):
by the trustee at your request.A trust is not usually registered or recorded,
and I advise you, I adviseyou strongly never to register or record
your trust. The trust has noreporting or accounting requirements, none whatsoever,
(16:53):
and it is not required to beregistered or recorded. The assets are not
subject to taxation until the disbursement hasbeen made. Assets not subject to probate
are state duties. So when youdie, you don't lose most of what
(17:14):
you accumulated in your life time.Because of death taxes and inheritance taxes and
lawyers and contested wills and all ofthese kinds of things. You may die,
but the trust continues to live.And remember, the trust in the
law is a person. A trustdoes not need an attorney or an accountant
(17:48):
to set up the trust. Notrequired, is not required. Ladies and
gentlemen, Now, how can anoffshore trust protect your assets well, quite
simply, the very same way thatit has protected the assets that this family
(18:15):
has accumulated throughout his lifetime. Iown nothing now. Everything is in trust,
even though there is a warrant outfor my arrest by the federal government
in an attempt to shut me up, because I've never broken the law,
at least not intentionally, and I'venever committed a felony or anything like that.
(18:41):
Almost everybody in this nation has committeda misdemeanor at one time or another.
Traffic ticket is a misdemeanor, aparking ticket is a misdemeanor. But
the jackbooted thugs have never succeeded ineven taking one single penny that belonged ever
(19:02):
to this family. This family ownsnothing now. Now, you wouldn't have
those kinds of problems because you're noton the radio telling the truth that hurts
these stinking, rotten treason as socialistswho want to destroy this country and bring
(19:26):
about their utopian world. You're nothurting them like I am. No one
in the history of their attempt totake over this country has ever hurt them
like I have done. I'm theonly one who has ever been named as
(19:49):
the most dangerous enemy to their cause. The only so it's only natural that
they come after me. And Itold you many years ago that they would.
I was prepared for it. I'mprepared to die if need be in
(20:17):
this battle, and it is abattle. It's a war in order to
make sure that my children can livefree in the future. You don't have
this problem. And if you keepyour mouth shut, you do this right
within the law, and you keepyour assets out of this country so that
(20:44):
they cannot take them, you'll befine. Try to do it any other
way, ladies and gentlemen and spideror later you're gonna lose it all,
most of you. I've already arrivedat that conclusion without my health. But
(21:08):
even if everything were fine, toown property today in this country and today's
litigious society is a liability. Thegovernment wants you to own property because it
is in their best interest in amajor source of tax dollars. Attorneys will
(21:32):
tell you about living trusts and wills, but they don't want you to know
about benefits of an off shot trustbecause it eliminates the need for probate.
And that's one of the biggest sourceof incomes for attorneys and also shelters your
assets so it becomes unprofitable for attorneysto steal you. In fact, an
attorney will never take a lawsuit againstsomeone who has no money and no property
(21:59):
because he knows that even if hewins, he will not be paid.
Not one red cent will he get. Neither will his climb or her climb.
And offs your trust discourages litigation inthree ways. Listen to me very
carefully. First, it provides secrecy. Nobody's going to know anything about it
unless you open your big mouth,unless you have a disease known as flat
(22:26):
jaw. And it's terminal. Atrust provides secrecy. The credit or a
pointiff in a lawsuit doesn't know howmuch money you have, which usually stops
many potential lawsuits before they start.And even if they thought they knew how
much money you have, you reallydon't have it. And this is what
(22:48):
you have to get through your head. You don't own it. It belongs
to the trust, not you.Second, and offs your trust will convince
you of than the most determined plaintiffthat it would be difficult, if not
impossible, to collect whether they wantor not. And I'm telling you right
now they wouldn't be able to collectat all except if they could find trust
(23:12):
property in this country. And they'renot going to do that unless, once
again, you have flat jaw,a terminal disease that wiped so many people
out. I was talking to ajudge one time, a real federal judge
who was honest with me in private, but would never repeat anything that we
(23:34):
discussed in none of the honest thingsthat he ever admitted in public. And
I said, you know, ifall of this is true, why are
there so many people in prison whoshould not be there? He said,
Bill, there's not one single personin prison who did not volunteer to go.
(23:56):
Well, that shut me up fora while, because I was I
was pushed way down in the depthsof deep thought when he said that.
It took me a while to reallyunderstand what he was talking about. Flap
jaw is exactly what he was talkingabout, dealing plea bargaining, not trusting
(24:17):
the jury giving them by opening yourmouth and talking all the information they needed
to put them in prison. Oh, if you can keep your mouth shut.
(24:41):
The asset protection of an offshore trustlevels the playing field. The defendant
gains bargaining power and leverage because theplaintiff cannot collect. And remember, you
don't own anything that trust does.You're not ever going to be the defendant
of the trust is going to bethe defendant. Since the trust is offshore,
(25:03):
they cannot subpoena the trust or thetrustee to come into a court in
this country and testify. The offshoretrust gives you leverage to settle for pennies
on the dollar if you choose todo so. I of course would never
do that. Now, there's abig portion of this that has to be
(25:30):
governed by morals and ethics. Youshould not, and I'm going to say
should not because they know damn well, there are some people out there listening
who would. They're selfish and greedyand don't give a damn about anyone else.
(25:52):
And the only reason they would enterinto this would not be passed down
anything to their posterity, but topreserve it for their grief little selves while
they're alive. We all know peoplelike that. You should never use a
trust to keep from paying debts thatyou lawfully entered into and lawfully owe.
(26:18):
You should never use a trust toget out of a contract that you knowingly
signed and committed yourself too with nofraud perpetrated against you. If you hurt
someone and you know in your heartand soul that it was your fault,
you should not use a trust toget out of taking care of that person
(26:44):
that you hurt. Understand what I'mtelling you, even though I know most
of you aren't going to pay anyattention of that all. Third, and
(27:10):
most important, a judgment creditor cannotseize your assets under any circumstances. A
judgment creditor cannot seize your assets underany circumstances. And that goes for the
jackbooted Nazi, lying outlaw, criminal, thugs of the Internal Revenue Service,
(27:37):
traitors, all scum of the earth. And this also applies to the beneficiaries.
The beneficiaries creditors have even less powerto reach assets because the beneficiary has
(28:00):
no vested interest in the trust.If you do this right, neither will
you. In the event the beneficiarybecomes insolvent or any part of his property
becomes liable to seizure or sequestration.For the benefit of creditors, the trustee
has the right to minimize the beneficiary'sinterest in the trust. This is designed
(28:25):
to protect the beneficiary against his orher own incompetence or inability to handle money
or property. For added protection,the trust has a spend thrift provision that
prevents the beneficiaries creditors from seizing undistributedassets. And how could they anyway If
(28:47):
they're undistributed. They belong to thetrust, not the beneficiary. Nothing belongs
to the beneficiary. Nothing is taxableor seizeable, or probatable or anything else
until it has been dispersed to thebeneficiary from the trust. An offshore trust
is also the safest alternative if somebodyis already after your assets, the fact
(29:11):
that creditors know about the trust willnot give them claim. A court cannot
touch assets in an offshore trust eventhough the American settler debtor is under court
provisions. Even though the court knowsabout the assets, the court still cannot
compel a debtor to do what thedebtor has no legal power to do.
(29:34):
You see, the assets belong tothe trust. Only the trustee has the
power to hand over assets to anyone. Only the trustee has the power to
return assets titles to a trust.By the terms of the trust, the
settler, as judgment debtor cannot compelthe foreign trustee to return assets and therefore
(29:59):
cannot be held than contempt of courtfor failure to do so. Even if
he tried, the trustee would notallow him. So. If somebody is
already after your assets, there aremany ways to protect yourself With an offshore
trust. You can loan yourself backyour own money, and actually that's wrong.
(30:22):
You can't loan anything. The trusteecan loan you money that belongs to
the trust and encumber your assets tosecure payment. This loan can be interest
free. You see, we havea right to contract whatever we wish.
(30:45):
You could take a second mortgage loanfrom the trust with payments so high and
repayment terms so unattractive that creditors wouldnot pursue your home. Since you indirectly
control the trust, you can adjustthe loan in many ways. In other
words, there should be there canbe such a debt placed upon your assets
owed to the trust that nobody iseven going to try to take them.
(31:11):
Another way is to borrow money fromthe trust through a shared appreciation mortgage.
You borrow money from the trust andagree to repay the loan at a lower
rate of interest in exchange for thetrust receiving a share of the pledged properties
future appreciation. The profits eventually goto the trust and are tax deductible to
(31:33):
you and our tax The profits eventuallygo to the trust and are tax deductible
to you and are tax deferred untilyour death. In the meantime, the
shared appreciation mortgage shields future equity buildup from creditors. See what possibilities there
(32:02):
are. Does your business have accountsreceivable? You could sell them to the
trust at a discount. Now,you can't sell it at a greater discount
than it is normally accepted in business, because then the irs will say you
(32:22):
gave it to the trust, andtherefore it was an unlawful and in not
standard big business practice to do that. That's why I always warn you everything
must be done according to real value. Now, in business, they really
(32:42):
do sell accounts receivable at a discount, and it's called factoring. Factoring.
If you sell them for fifty centson the dollar, and you have ten
thousand dollars in receivables, your businesswill receive five thousand dollars. When the
receivables are collected, the trust willhave ten thousand dollars, which gives the
(33:06):
trust a non taxable income of fivethousand dollars. The possibilities are endless.
Keep in mind, folks, thatit is fraudulent to transfer assets after legal
action has been undertaken. But ifyou know that legal action is going to
be taken, it is not illegal. It is not illegal. It is
(33:28):
not fraudulent to take action and transferassets before the legal action has been filed.
However, even under the circumstances ofafter legal action has been undertaken,
(33:49):
the court still cannot compel the settler, debtor, or the trustee to remove
the assets from the trust. Butthey can prosecute you if you broke the
law and transferred the assets after youknew legal action was undertaken. But even
though they may be able to prosecuteyou for that, they cannot touch your
assets off your trust breaks the chainof legal ownership between the settler and assets,
(34:22):
so you don't own it anymore.It's not your money, it's not
your properties, not your homes,not your car. None of it belongs
to you. And the anti durestclause in a trust further provides that the
trustee must ignore any request from thesettler or beneficiary that is made from a
(34:43):
court order. The creditor or plaintiffcould try to file claim in the tax
savement, but the laws of suchplaces are structured in such a way as
to make it difficult, if notimpossible, to collect. Even if a
credit we're successful, the trustee willevoke the flight provision feature of the trust
(35:07):
by exercising his or her right andmoved the trust to a new haven.
And it can literally be done withinan hour on a computer, forcing the
creditor to begin legal action again.And legal action offshore, ladies and gentlemen
is expensive. You have to havea lawyer here who must contact a lawyer
(35:30):
in that country, who must locatethe assets, find out where the trust
is, who the trustee is,bring the action in the court and it's
all done through your attorney here.If you think it costs a lot to
sue somebody in this country, trysuing somebody outside this country. That's why
(35:52):
you never hear of things like thathappening. So as you can see,
an offshore trust is your best legalalternity to protect yourself without illegally concealing your
assets. Don't ever do anything illegalor unlawful. Stay within the bounds of
(36:15):
the law. And I'm talking aboutthe law. I'm not talking about the
color of law. Stay within thelaw and you'll be fine with a trust.
You can be both truthful, ladiesand gentlemen, and safe. What
(36:38):
about bankruptcy, you may ask,how does it offs your trust affect bankruptcy?
It is essential, ladies and gentlemen, to truthfully report to the bankruptcy
court all recent transfers to a trustthat you may have an interest in.
Now, the key word is thatyou may have an interest in. If
(37:02):
you're not the trustee, the beneficiary, the protector, or the settler,
you have no interest in that trust. The assets do not belong to you,
even though you transferred them. Andif you don't occupy one of those
four positions, you have absolutely nointerest in those assets whatsoever. Dishonest reporting
(37:22):
in bankruptcy is fraud. On theother hand, a bankruptcy court has the
same recovery powers as an individual creditor. As long as there are at least
two or more discretionary beneficiaries of thetrust, the trustee is under no obligation
to distribute assets to the bankrupt beneficiary. Assuming you are one of the beneficiaries,
(37:43):
a bankruptcy court cannot compel the trusteeto turnover assets transferred to the trust
under any circumstances, for any reasonwhatsoever period can the irscse assets in an
offshore trust. While, ladies andgentlemen, the manner in which the IRS
(38:05):
treats the United States of American citizenand the separate citizens of the several states
has done more to encourage taxpayers tomove their assets offshore than any other factor.
And if it's fact, if Ihad not discovered the terrible tyranny of
(38:25):
the Internal Revenue Service long before theyever came after me, I would never
even have thought about putting my assetsin a trust. But I began looking
for ways to protect our assets assoon as I discovered there was no law
that required us to file and paythe income tax in the first place.
Congress has never passed such a law. No such law exists. We're just
(38:52):
simply not bound by law to participateand not going to. So it's mainly
because of the IRS that there isa great, huge, burgeoning and successful
(39:16):
offshore business and investment's Asset Protection trustinternational business corporations, And I could go
on and on and on and on. You see the position of the Internal
Revenue Service jack booted Nazi thugs isyou're guilty until you're proven innocent, and
(39:42):
that has ultimately undermined and destroyed Americanpatriotism. What is the government's response,
expand the authority of the Internal RevenueService taxpayers. If you call yourself a
taxpayer, you're a fool. Ifyou belong to something called the tax payers
Party, there's even a bigger poolbecause in the law you are what you
(40:07):
call yourself. Citizens with serious internalRevenue Service problems frequently sell or mortgage their
assets and then transfer their liquid wealthto the offshore trust before a tax lean
is levied. And Ladies Joman,I've investigated these irs tax leans. They
(40:30):
have never levied a lean in theirhistory. They fool the county recorder by
filing a notice of lean. Anotice of lean is not a lean.
Only at court can make a judgmentand place a lean on a property.
(40:53):
The RS does all of this hocuspocus magic bullshit acts under color of law,
without due process, without a courtorder, with nothing. They do
not file actual leans, no leanexists. What they file is a notice
(41:15):
of lean with the county recorder,who's just another dumb sheeple and doesn't know
the difference and therefore is part andparcel to the conspiracy to destroy you and
your property. And it usually isyour next door neighbor. Oh, it's
all missus Harris been working for thecounty for forty years. She just says,
a sweet little thing. Too bad, she's so damn ignorant, sweet
(41:44):
little thing. But when she's doingthings that destroy families and businesses and lives,
she is not a sweet little thing. She is an ignorant, stupid
clerk, sheeple participating in tyranny.So no lean is ever filed or levied.
(42:21):
It's a hoax. And if youdon't believe me, check it out
in the law yourself. I've alreadydone. It makes me sick, makes
me angry. So the only wayyour assets are safe from the Internal Revenue
Service is to be sheltered offshore.They can't touch them there. A safe
(42:42):
tax haven will not enforce Internal RevenueService levies or summons, or cooperate with
the IRS to discover or seize trustassets. This is why it is important
that the trust be located in aforeign haven that does not have reciprocal agreements
with you United States? Could ithappen to you? Do you bet you
(43:07):
it's going to happen to somebody listeningto this broadcast tonight. There's a lot
of people who mistakingly believe that ifthey have a corporation, they're safe from
judgment and creditor claims. And haven'twe all at sometimes in our life,
said, well, can't happen tome. Even if you have a corporation,
(43:28):
Your personal assets may be seized tosatisfy an internal revenue service judgment against
your corporation. Did you know thatyou could lose your home, automobile,
and all your personal possessions. Theydo it under the color of law,
unlawfully, unconstitutionally, but nevertheless theydo it. Hitler lives, ladies and
(43:53):
gentlemen in the United States of America. That sucker never died. He just
got in a rowboat and came overhere. Roughly two thirds of the owners
of United States corporations are sitting ducksfor this sort of legal action, and
you don't even know it. Thesudden seizure of your assets could result in
(44:15):
something as simple as failing to keepcomplete corporate records, and you may not
even have anything to do with it, may not even know the employee who
does and there may be a chainof managers between you and that employee that
you must trust somewhere along the wayto make sure that things are done right.
(44:37):
Let's look at an example. Someonebrings a frivolous lawsuit against you and
your corporation simply because they know there'ssome money there, and they know to
keep from spending years in court andhundreds of thousands of dollars in legal fees.
At some point along the way,you're gonna offered to settle with them,
(45:00):
because that's what most people do Wrongly. No one should ever settle,
but they do it their attorney subpoenasyour corporate records are During a routine IRS
audit, the auditor asked to seeyour corporate records, and like a fool,
(45:22):
you give it to him. Justbecause he asked to see something doesn't
mean that you're required to turn itover. In fact, you're not.
In both cases, your corporate recordsare not up to date, or they
may be incomplete, and that pointit is too late to fix them up,
(45:43):
as many people try to do.Under such circumstances, you're in trouble.
Here's the worst case scenario. IRSpierces your corporate veil denies tax benefits
and stocks you with a huge taxbill. You can be ground up like
sausage. You can't pay, andthey file a notice of tax lean.
(46:10):
Notice I said notice of tax lean, because that's what they file. They
really don't have a lean. Thecounty sheriff doesn't know the difference between a
real lean and a notice of taxlean, and he goes out there with
them to take all your property.Another stupid sheep of fool. That's how
(46:36):
people who start out to do goodend up doing terrible damage and harm to
their neighbors because they're ignorant, andeven if somebody presents them the truth,
they don't want to hear it,and that makes them stupid fools. They
(47:01):
file a notice of tax lean,and of course everybody in accounty goes right
along with it because they don't knowthe difference between a real lean and the
notice of tax lean filed by theInternal Revenue Service, and they take all
your property, real and personal.You try to borrow money to pay the
(47:23):
bill, but all of a suddenyou find your credit rating has evaporated overnight
because of the tax lean. Yourbank account is attached regardless of how many
checks you have outstanding, and thenwhen they come in, guess what,
You've bounced checks and now you've committeda felony. Oh yeah, it doesn't
(47:45):
make any difference in the law whythey bounce You're not supposed to bounce checks,
and you can go to prison forthat. On top of all the
irs problems. Most women, whena husband finds himself in that situation,
(48:06):
will leave him and divorce him andtake the children, take his children away
from him. Now I'm not sayingall women will do that, but most
women will do it, have doneit. It happens every day. They
put a lean against your outstanding investmentsare a notice of lean, I should
(48:29):
say. They have never ever secureda proper lean, and bankruptcy does not
stop them. Your salary and yourspouse's salary are garnished. This is usually
when the wife decides she's leaving.I'm leaving so much for marriage val They
(48:53):
obtain a rip of entry and seizeyour safety deposit box. You didn't think
they could do that, did you, But they can. They eventually grab
your IRA or other retirement plan andthe cash surrender value of your insurance without
notice of foreclosure. Your real propertyand liquid personal property could be sold with
(49:15):
no minimum bid whatsoever, for pennieson the dollar. And if that doesn't
pay the bill, the Internal RevenueService will attach your pension and they will
follow you and snatch every penny youever earn out of your hands before you
can even put it in your pocket. Sound like a horror story, Well
(49:35):
it is, and that is noteven all you see. If you're clever
enough to try to end at alland protect your family from further seizure and
die or commits suicide, they willcome after your state after you're dead.
They will even take the family album, take the children's piggy banks, dolls
(50:05):
and toys. You don't think so, ask somebody who has been through it.
They do all of that and more. You'd better understand, ladies and
(50:27):
gentlemen, this is not the UnitedStates of America. We were taught that
it was when we were children.When I'm fifty six years old, so
I was a child a few yearsago. What I was taught about this
country was totally different from what Isee that it actually really is today.
(50:50):
This is not the United States ofAmerica that I was promised. This is
not the United States of America thatthe founding fathers built. This is not
the United States of America that allof the patriots who have died for freedom
and for this country in its historyfought and died for. We're about one
(51:22):
inch away from the most terrible,despotic tyranny that you can imagine, and
for many people, it is alreadyhere now. As with bankruptcy, all
(51:44):
asset transfers to a trust, andlegal our beneficial interest in a trust must
be disclosed to the Internal Revenue Serviceaccording to their color of law Nazi jack
booted thug tyranny regulations that have noforce of law whatsoever when it comes and
(52:08):
when it attempts to enforce collection.However, even if they know about it,
they still cannot seize the assets,nor can they force you to remove
assets in an offshore trust under anycircumstances. And remember, if you're not
the settler, the trustee, theprotector, or a beneficiary, they can't
(52:29):
even try to come to you toget you to disclose any of it or
enforce any collection because none of itbelongs to you, and they can't connect
you with it at all if youare not in one of those four positions
and you couldn't give them anything anywaydoesn't belong to you. Even if you
(52:52):
are in one of those four positions, only the trustee can disperse or move
or give over assets of a trust. You no longer own the assets.
The trustee owns the assets and trustor the trust and controls them and will
not allow them to be seized underany circumstances. And the laws of the
(53:15):
country, if you choose properly believesis your best choice, the laws of
that country will protect the trust andthe trustee against any attempt. And did
you know that your business can bea trust? Now? I've met some
(53:39):
shaple in my life, and socialistsare the biggest shapele I've ever seen.
I mean, they're just their brainshave vacated their head. And the first
thing that they will ask is whydo I need all this secrecy if I
have nothing to hide privacies? Privacy, folks, is a dirty word to
(54:04):
socialists. It's a dirty word tobureaucrats too. Consequencely, it's virtually extinct
and unavailable in the United States today. You would be absolutely amazed what they
know about you. In fact,you would be amazed what I can find
out about every single one of youlistening to this broadcast without exception, just
(54:28):
by spending one hour on my computer, you would be amazed. In fact,
it would scare you. You see, the government of the United States
neither respects nor guarantees your privacy.Your private records are not protected. Our
debt ridden government wants a bigger biteof your wealth. Suit can search harder
(54:52):
and harder and harder each year formore dollars, for more taxes, to
confiscate from you and your family,and use any excuse, including the national
security and crime prevention and drugs,and to invade your financial property and just
take it all away. If theythought they could sell you, as slavery
was legal, they'd take you too. If there was a slave market,
(55:17):
they'd sell you there if they couldget away with it. Your financial records
can be subpoened. Of course,you don't have to turn them over simply
because of the Fifth Amendment. Butthey can be subpoened not only from you,
(55:39):
but from your bank. And that'sa third party, from an accountant,
from your CPA, from your bookkeeper, from your investment broker, our
financial planner, or anybody else whoknows anything about them. It's only you
If you're accused despite the Fifth Amendment, for not turning anything over that might
(56:00):
tend to incriminate you. And Ican hear the socialists say, well,
if you're not guilty of any crime, why would it tend to incriminate you?
Oh, little do they know?The United States government has at least
(56:28):
thirty active files on each single personlistening to this broadcast and every other person
who lives in the United States ofAmerica as a typical American, our resident
alien. If you're a high profileindividual like me, they may have hundreds
(56:52):
of files which they freely share withanyone who wants to know. Well,
think about your income tax Think yourincome tax information is confidential? We thank
again. New rules, ladies andgentlemen, enable the Internal Revenue Service to
(57:12):
hire outside contractors to process tax returninformation. The new rules state that providing
tax return information to outside companies willnot violate taxpayer confidentiality. Common sense says
that anyone other than the irs whohas access to your tax return has the
ability to do whatever they want withthem. How about that? How about
(57:36):
them? Apples, ladies and gentlemen. Good night. God bless each and
every single one of you. Godbless you. Annie Pooh and Allison I
Love you, God keep you safe. You're listening to the Fact Hunter of
(57:58):
Radio Network Just the Facts, Mammy
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