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Post by Ponee on Fri Nov 21, 2014 10:30 am

Subject: A GOOD PIECE OF REALITY FROM MOTHER (an attorney)

I just wanted to shoot a quick note. I took the day off to get some real work done.   Hard to be in an office with phones ringing and folks just dropping in.  So I am hiding out at home in my private office.   Gheezzz I will actually get to hear Tony/DC myself today.   Have my Bluetooth speakers set up so I can work while listening.  Will be a new experience.

With that said I just wanted to take a moment and say – thank those of you for the kind letters and remarks.   I appreciate you being so gracious and kind when you write.   

However, the purpose of this is to state the following:  When this happens I am “gone” from the scene.  

 I am not going to engage in planning, any advising with anyone outside my dearest closest friends and family.   And for the most part I am going to have well over 10 figures to deal with myself if this comes in at the lowest.   

 I am going to be concentrating on “ME” and my loved ones and dearest friends who got me involved many years ago.   I owe it to my family and those who knocked me over the head to get involved.

Secondly, what a lot of you need to understand is the best help you can have is right where you are located.   I am not licensed in all 50 states and territories.

  Additionally, the liability is huge for an attorney to step outside of his own jurisdiction and try and practice.   Trust me there are wonderful people close to you.

 Thirdly, I read what Tony/DC said in the last conference call on Monday.  They shared rather candidly the reluctance of many financial institutions to want to do business with the “Dinarian” crowd.   I can tell you I have had the same thoughts albeit not for the same reasons.   And those reasons are legitimate. 

  Why would any bank throw open their arms to be later be rejected?   Why would any bank want to assist you when many have suggested “I am going to ask for cash and get all I can get out?” 

 Why would any bank want to give you the warm and fuzzies when on TNT, and other sites they are constantly bashed?  

 And how many times I have read and heard – “I want, I want, I want, I want this perk and that perk and this perk”.  I want that bank to roll out the red carpet etc.?  You have any idea how arrogant that sounds

 Put yourself in their shoes.  Why would any institution wish to deal with such grief?  And if you are well off why demand so many free things?  Why not be gracious and let them offer?

  This sense of entitlement is offensive.   It smacks of arrogance, commonness, ignorance, and just plain selfishness.  

  Sure Wells Fargo has to take everyone, but other banks.   They have standards and as they are responsible for protecting shareholder value and their current customers why take on the risk? 

  You know the saying with more money comes more responsibility.   They have the right to say “NO” Just as attorneys, accountants, investment advisors, financial planners, insurance specialist, and others all have the right to say “NO”.

  Just because a person has money does not bring entitlement.   So think about these things.   Think about how it sounds to folks monitoring the sites.   I understand I really do. 

 I have said “no” countless times more than I say “yes” because I do not want a client that brings me grief.   And I have the responsibility to protect my current loyal base of clients. Banks and financial institutions are the same way.  

 So Tony/DC were right – it is not arrogance by the banks but simply “defensive posturing”   Just saying. . .

 . Someone asked the other day where are all the lawyers, and financial people on the site? I wrote in we are lurking, why do many not say anything. . .”why would we when our suggestions are “questioned and demonized by armchair quarterbacks”?    Who needs that kind of grief?

  And again many are like me – we get up early go to work and the last thing we want to do is participate in a discussion and barrage of questions.   I can tell you if I am at the office, “it is open season”   There are days I wonder how I get anything accomplished.  

 Same with many other professionals.   We are here – we are listening and we are reluctant to say anything out of privacy, and honestly mental exhaustion after a long work day. 

 Fourth with the above said,  things you need to realize is that we live or at least a good percentage of us live in the United States, some live in other equally as good jurisdictions, UK, Australia, Canada, and others.

 1.      Banks in the United States most of them are publically held entities.   They are not owned or governed by the Federal Reserve

 2.      Banks have shareholders like you and me that the bank has a duty to maximize profits. . . and to do that they have to give outstanding customer service

 3.      The Federal Reserve is owned by the banks as members.   The Federal Reserve makes available through various “classes” of membership.   FDIC insurance, liquidity, advice in the form of economic news and suggestions.

 4.      Because they handle the nation’s currency sure they are regulated but we all want that.  We want banks to be safe, just like we want our utilities and airlines etc..   However opening a bank account is not a “right” it is a privilege.   It is part of like being a good citizen.

 Fifthly, each bank that participates will have Wealth Management/ Private Bankers folks that want to help you.   Don’t trash talk them or poor mouth them.  They are as Tony/DC shared misled in this whole process.  Treat them with respect, kindness, dignity.  And trust them as they help each of you put together a plan just for you. 

 Remember they live where you live, they live in your states, your cities, and your country.   They know the laws where you live.   They know accountants and lawyers who will be able to help you within the confines of the plan devised for you and do so within the laws of your jurisdiction.

  Remember each state has their own Trust laws.  You cannot just go online and download a trust and fill in the blanks.   Trust works both ways. So step up to the plate.  You now have money.  

 Be sophisticated be confident.   Quiet confidence is the best. Firm handshakes, be totally honest, and share your dreams, desires, goals and risk tolerance.

 They will help you devise a strategy that maximizes tax savings, asset protection and blesses you and future generations.

  Caveat: this process may take up to 6 months.  So do not get in a hurry, be patient work the process.    And when finished it will be an ongoing process to maintain and hold others accountable.
 

Last point.  Many have asked how they can do things in the future.  God bless Tony and DC they have skirted around this issue a half dozen times.  

 However, both have suggested that in future opportunities the bar will be set higher.  And honestly I can sympathize again with the PTB.  Would you want to go through the “hell” of planning and all the things that have transpired to make a deal work as this one?  I think not.

Listen to me.  There is one correct way to aggregate money in small groups. It is called a Private Offering or Reg D offering.  It requires as DC said a certain degree of sophistication. 

 However if you work with a Private Banker or Wealth Manager or good solid Financial Planning firm you will if you Prove to them you are sophisticated enough for this give you a shot.  

Remember it is not a right – it is a privilege.  The level has been raised for the requirements but there is a great deal of due-diligence you have to go through, signing documents, being advised by independent counsel etc. You have to have a certain Net worth and certain liquid net worth.   There is risk as always.

  But this is the correct way to do it.  Just putting a trust together is not the way.  You do not want to create an Investment vehicle or what some call an Investment Contract “Big NO NO”  this should all be done within the confines of a Reg D.  

 That is how people get in and how people get investigated by the SEC, FBI etc.    So work with professionals and seek their trouble guidance.

That is all I wanted to convey.   Again folks I appreciate you being so wonderfully kind and asking me so graciously.   However again because of family, and dear close friends. I am “gone” when this happens. 

 I may go to Vegas if there is a Vegas.    But like DC and others I am going to melt away quickly.   After all – we all have plans, directions we want to move in and for me I want to spend more time with those who are a blessing in my life.  My boys and my family.   

And I have things I want to do as well from a business perspective but I am going to take my time and carefully move, methodically and slow.  For many this is it – this is the last shot.  

Remember be as “Wise as a Serpent and as Harmless as a Dove.”  Then one day you will hear the words, “Well Done My Good and Faithful Servant.”    I have a suggestion I know this sounds radical. 

 Pretend you are one of the servants given the talents by the Lord and all he has given is HIS.  See how that perspective governs the way you handle HIS monies.   If you take that approach as if you are managing money for a KING.   It will make you wiser and more prudent.   

God bless you all.   Hang in there!  At this point that is all anyone can do. And above all pray remember all nations are before HIM and HE moves the heart of kings and rulers.  All nations are established before him.  And he causes them to rise and fall.

I am and remain,   With kindest regards for each of you

Mother, Esq. 

Sic’em Baylor Bears Graduating Class 1987

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Post by Kevind53 on Fri Nov 21, 2014 6:01 pm

Lot's of half baked non-advise ... makes me glad he or she is not my lawyer.

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Post by Ponee on Sat Nov 22, 2014 8:49 am

I agree Kevin - There was little LAWYER advice here and a whole lot of PERSONAL opinion and advice.

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Post by Kevind53 on Sat Nov 22, 2014 8:56 am

And most of it fiction based advise at that.

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Post by DruidTroy on Mon Nov 24, 2014 3:49 am

1.      Banks in the United States most of them are publically held entities.   They are not owned or governed by the Federal Reserve <--- Federal Reserve is a Private Corporation not Governed by the US Government .. the FRN is a NOTE as it says on the bill it self by Blacks Law Dictionary 6th edition defines it as a Debt .. not money Smile 

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Post by livingintheloop69 on Mon Nov 24, 2014 9:14 pm

Agree with other posters. Nothing really groundbreaking here and really nothing but a vague rambling. Also in my experience most lawyers don't respect lawyers who put esq with their signature, its kind of a I'm so important thing that comes off as dooshy

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Post by Ssmith on Tue Nov 25, 2014 8:47 am

@livingintheloop69 wrote:Agree with other posters. Nothing really groundbreaking here and really nothing but a vague rambling. Also in my experience most lawyers don't respect lawyers who put esq with their signature, its kind of a I'm so important thing that comes off as dooshy
And go by the name of "Mother"!
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Post by FS4Enthusiast on Tue Nov 25, 2014 9:55 am

An attorney that listens to Tony?  Is he the dumbest attorney on the planet?

Proof positive that just because you went to law school doesn't mean you're not a moron. If he's not just lying, that is.

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Post by Ssmith on Tue Nov 25, 2014 10:04 am

You know the old saying about what they call the person who graduated last in their class at law school?  Lawyer! 

I think it applies in this case.
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