In 2012 I began my career in financial services. I worked with a large firm and I was bright eyed and bushy tailed. I can remember the first sale I made. It was to my mom. I was so happy that she was my first client, that I was able to help her (from what I could tell), and that I made a sale. However, several months later, my enthusiasm had waned. Why? I was no longer certain about the benefits of what I was doing. I define ethical as something that inhibits or prevents someone’s success. I want to share with you how to protect yourself against one of the most unethical industries on the planet, financial services.
Central Banks. This dates all the way back to 1791 with the charter of The Bank of the United States, our country’s first central bank. What is a central bank? According to Wikipedia, “A central bank, reserve bank, or monetary authority is an institution that manages a state’scurrency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state’s legal tender. Central banks also act as a “lender of last resort” to the banking sector during times of financial crisis. Most central banks usually also have supervisory and regulatory powers to ensure the solvency of member institutions, prevent bank runs, and prevent reckless or fraudulent behavior by member banks.”
The irony is, central banks are the emanation point of virtually all fraudulent behavior. By 1881 roughly 70% The Bank of the United States was owned by foreigners. Because of ongoing controversy over the role of banking in the Constitution, central banking was outlawed on and off, until 1913. On Jekyll Island off the coast of Georgia, the banking powers of the day gathered to devise a two-part scheme. Part 1 is a central bank that would rule the country’s currency system paying a dividend to those that own it. It would be called the Federal Reserve. Step 2 in tandem was the founding of the collection agency for the Federal Reserve, known as the IRS. Since this day, our currency has plummeted in value by over 2000%, our financial markets have been severely manipulated, interest rates remain faulty, and they economy has been destroyed year by year.
Wall Street. The NYSE (New York Stock Exchange) was founded in 1792 by 24 stock brokers, trading 5 different stocks. By 1934, due to currency manipulation by the Federal Reserve causing the 1929 Stock Market Crash & Great Depression, a law called The Securities Exchange Act had to be initiated to regulate what could and could not be traded as a “security”. This law had two effects. It did protect shady under the table investment trading, however, it also formed a sort of monopoly on the investment industry. The increased regulation cancels out smaller brokers, leaving the market to the dominant firms at the time. More power was now placed in the hands of the culprits who caused the crash. The economic crisis’ of our country are littered with the fingerprints of the Federal Reserve Bank and The Wall Street Casino.
Financial Advisors. Now I will say, not all financial advisors are dishonest. Some of them are really nice people, and some of them are unethical and are in it for the wrong reasons. Although the ones who are nice people still sell products and services that kill consumers with fees and ultimately don’t work, I am not addressing these people. I am addressing the unethical, untrustworthy criminals of the industry. Did you know, a former criminal can become a financial advisor. A financial advisor is required to disclose their past history, but it does not disqualify a person from getting a piece of paper that makes it legal for them to handle your money. An advisor could have a history of murder, fraud, blackmail, or even kidnapping and the U.S. Government will still allow them to handle your money. Click here to read more. Not only are criminals allowed to manage your money, but they are even celebrated! Jordan Belfort also known as The Wolf of Wall Street scammed over 1500 investors out of over $200 Million! The result? 22 months in jail. Now he is a Hollywood icon, a sales trainer, and celebrated nationally with memes of Leonardo DiCaprio.
The financial system is not setup in your favor. Trillions of dollars per year are made in fees that YOU pay whether or not you benefit. The result? Look at the financial state of our country. The systems in place do not work. If these systems did work, America would not be broke.
This is the mission that Wealth DynamX fights day in and day out. We help clients get into real, safe, cash flowing assets, reduce their fees, create a written mathematical plan and provide a way out from the lack of ethics and the fraud of the financial services industry.
My average client sees a 30% increase in income, a guaranteed increase in savings rate, and secures 8-12% fixed annual returns on their investment assets in the first 90 days. Click here if you would like to be provided with more information.
Own Your Potential,
Jerry Fetta believes everyone has the God-given right to own their potential. Most of us don’t because we spend 40 hours per week serving the 40 year to life sentence, trading our precious time for worthless paper called money.
We live on an economic planet and time and money do need to be exchanged. But it doesn’t need to be your time or your money. Jerry teaches his clients to secure income producing assets that make the time and money exchange for you so you can buy your freedom back and live a life of abundance and prosperity. To get there we must know how to make money, how to keep it, and how to multiply it.
Jerry provides coaching, education, accountability, and community to help you build wealth. Join the Wealth DynamX coaching program, get educated on Wealth DynamX University, and begin networking with the Wealth DynamX Mastermind Group today.