So you’re curious about how to establish a private trust and the benefits that come along with that. Well, we’ll be diving deeper into that in today’s post but first…
Do you or someone you know own cryptocurrency?
You’ve probably heard about the (privacy) battle going on with cryptocurrency, right?…
There have been signs of major issues with the government spying on American citizens for decades.
And if you’re not taking steps to protect yourself from government oversight and overreach, you’re doing a huge disservice to yourself and your wealth.
It’s gotten to the point that the Constitution no longer holds politicians to account.
For example: Biden’s infrastructure bill, contained an cryptocurrency tax reporting provision with some very Orwellian surveillance terms for cryptocurrency users.
What to Watch Out For…
Provisions like this one includes a very loose definition of “broker” to include anyone who is “responsible for and regularly providing any service effectuating transfers of digital assets” on behalf of another person.
And, that includes software developers and cryptocurrency startups that aren’t controlling assets on behalf of their users, too.
These “brokers” would have to collect user data, including users’ names and addresses and pass them along to the powers that be. WHOA!
In other words, any of the privacy protections offered with crypto will be completely WIPED OUT.
And, this abhorrent infrastructure bill doesn’t just allow government officials to spy on crypto users and their assets.
It also spells the beginning of the END of private crypto markets.
Just look at the graph below showing how Bitcoin has dropped since the announcement of the bill’s provision…
When you wipe out the privacy aspect of crypto, you remove what makes it so useful to users. And, with that goes any monetary value it may have had.
But this is all a part of the “Great Reset” meaning…
that ultimately they want to establish a government-run crypto in which they have full control over their citizens funds as they see fit. Unfortunately, chances are – they’ll get away with it.
It’ll start small with a Digital Dollar managed by the Fed – then eventually transition over to a One World Currency. You may have heard of the new FedNow payment network that’s being rolled out by the Federal Reserve as the building block to complete slavery through central bank digital currency (CBDC). On March 15th, the Fed put out a statement announcing the launch of FedNow in July. The hope is for FedNow to facilitate instant payment services throughout the nation. The US is currently in a race with 100 other countries to follow the role model of China and implement CBDCs as quickly as possible gaining complete control over its citizens. This ever so convenient instant payment network would mean the end to a free market as all would be at the mercy of the government.
So, you need to be prepared for that when it happens.
Why Establish a Private Trust?
How Does This Affect You?
If you own any cryptocurrency, or have any crypto-related investments, these types of digital currencies will no longer be private when a bill like this passes.
What Steps Can You Take?
Luckily, you have other options for keeping your wealth private – the utmost private, lawsuit-proof Bulletproof Trust.
This type of trust keeps your assets and wealth 100% private by removing your name from the equation completely.
Own nothing and control everything – this is the motto of a trustee.
What can’t be traced, though, are…
physical assets like silver or gold and private trusts. In fact, the trust document isn’t public information, and not even the government can access it.
So no one will know what you have stored or where.
Expect bills such as this to be the first step of further regulation of cryptocurrency.
Don’t wait until the government has full access to all of your accounts…
NOW is the best time to establish a private trust while you still have the ability to do so.
Let us show you how you can set up your very own Bulletproof Trust to privatize and protect all your assets.
At Private Wealth Academy it’s our mission to give you the tools you need to protect your wealth — from government overreach, outsiders, or anyone else who wants it.
Learn More About the Bulletproof Trust
Don’t wait until it’s too late. Learn how to setup your Bulletproof Trust today. So you can keep out prying eyes and prevent anyone from taking possession of your property.
Plus, with the tax write-off, you’ll get the asset protection you need, and it won’t even cost you a dime.
Your friends in finance,
Private Wealth Academy
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