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Jan. 20, 2023 - Stew Peters Show
25:38
Scriptures And Wallstreet: 87000 IRS Agents
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Thank you.
Thank you.
Hey guys, Carlos Cortez here.
I hope you're doing well.
Welcome to another episode of Scriptures and Wall Street.
We're going to talk about those 87,000 agents that the big media is saying that it's false, that they're not going to do it, and all this funny stuff.
What does it mean to you?
What do you need to do to protect your retirement?
So here's my take on it.
You got 87,000 agents.
Are they armed?
Because now they're saying they're not armed.
And now they're saying that they're not even going to do it.
So the underlying issue is more than just the 87,000 agents.
Why do they need so many agents?
What is their aim with all this?
Well, our aim is to enforce taxation on your money.
I've said it year in, year out on Stu's show that you don't own your IRAs.
You don't own your 401ks.
You are a participant.
And so what that means is the government feels, in their opinion, because you have a retirement account that has never been taxed, That you have to abide by their rules and so in exchange, you have to coordinate your withdrawal strategies, your income, your whole lifestyle based on the metrics of the law.
And right now, the law basically says that if you take out more than $20,000 a year, While you're taking Social Security, they're going to penalize you 50%.
And this is before your full retirement age.
So there's a lot of nuances.
There's a lot of nuances that people do not even realize going into retirement that is going to hit them like a sack of bricks.
In my opinion, the 87,000 IRS agents is really just a distraction from the inflation reduction bill.
You see, they came out with this bill and they're literally spending $790 billion of additional revenue is what they're going to be banking on over the next decade.
And honestly, it's like Obama's third term, right?
With stupid face in office.
They're spending $100 billion to extend the benefits of the ACA, Affordable Care Act, also known as Obamacare.
They are spending a lot of money on just healthcare and this inflation reduction.
Everything that has nothing to do with inflation, they're spending it.
It is like the Green New Deal.
You can put lipstick on a pig.
As you know, it's still a pig.
So what do we do to protect ourselves from these Luciferian laws that are out, that are here to literally just destroy our retirement?
Well, keep on listening.
We have several strategies for you, but you really need to understand that when you have an IRA and 401k, you are subject to You're subject to pretty much whatever they tell you to do when it comes to your IRAs.
The other thing is that there's $30 trillion in qualified retirement plans as we speak.
So when you have $30 trillion, the government already knows.
The government already knows where they're going to get your money from or the money to pay down the deficit, right?
Right.
You know, they always say that, hey, we're 30 trillion in negative deficit, but they don't even talk about the unsecured loans that are out there with the government.
They don't talk about the other uncollateralized loans, I would say.
And it could be upwards of 60 trillion.
So the number, I question the number.
The number is not even real in my opinion.
And what they're going to do is they're going to attack your retirement in a massive way.
And how they do that is they change the RMD amount.
They meet every single year.
They change the inflation, COLA adjustments on your Social Security benefits.
They change the earnings test.
On Social Security, they make all these adjustments to help pay down this deficit.
And this is why they keep on printing and printing and printing and printing money and open borders because they know that there's $30 trillion in IRAs and 401ks that have never been taxed.
So, as we have socialism trying to take over a capitalist nation, You're going to see these flagmatic type of provisions and rules and stipulations that will attack your IRAs.
Remember, you are a participant.
You are not an account owner.
So what we teach is how to become an account owner when you are a client of ours.
Like, you definitely want to get out of the hands of the government and have full control of your retirement accounts.
So, I just wanted to emphasize that you have 87,000 IRS agents.
They're saying it's fake, it's false, and all this stuff, but why even mention it?
If it's fake, then why even mention it?
You can go on the government's website and they still even mention it.
Having said that, I just wanted to cover that.
Really, if you dive deep into it, I'm going to pull it up real quick on my phone.
I took a screenshot of all the The energy and climate.
So we have $386 billion allocated to energy and climate.
Another $98 billion to healthcare.
And another $322 billion to health savings accounts, which, not health savings accounts, just in health in general, which $122 billion is there to repeal the Trump drug rule.
So, you know how Trump came in and helped medications become more affordable?
They want to get rid of that.
They want to get rid of that.
Like, you really want to kill people that have a necessity for medicine, that need medicine to survive.
And you want to, like, financially kill them and as well as medically.
I mean, I don't have to prove that because it's already happening, right, with the jab.
We have 15% corporate minimum tax, $313 billion there.
IRS tax enforcement funding.
Tax enforcement funding?
What the heck is that?
That's a lot of firearms, enforcement sounds.
Sounds like a lot of firearms.
$124 billion.
Closure of carried interest loophole, $13 billion.
A super fund fee of $18 billion.
They're just throwing spaghetti on the wall here, guys.
So it's $790 billion, and they plan on collecting this over the next decade.
Where are they going to collect it?
Well, they're going to start collecting it by increasing the penalties on your IRAs, reducing how much you can put in, or increasing how much you can put in.
They can manipulate the numbers into their favor.
Let's step back.
We have a massive recession that is going to happen this year.
It's already happening, but we're going to see a lot of crap hit the fan.
And we have $33 trillion in IRAs and 401ks.
Primarily they're invested in mutual funds and stocks and bonds.
Everybody gets hurt if you're older and you thought bonds were safe.
You had a surprise last year when the market was down negative 28%.
The bond market has been destroyed.
The crypto markets have been destroyed.
And now what's up for next?
The job market is going to get destroyed.
You're going to see massive layoffs.
You are already starting to see layoffs.
You're seeing layoffs right now.
The other thing, I couldn't even imagine this.
Bank of America, just yesterday, they froze accounts using their Zelle app.
They actually froze your accounts.
Just look it up.
Bank of America, they freeze up accounts.
And as you guys know, I spoke about bail-ins.
A bail-in is basically when the bank can actually go in your bank account, seize your money, and pay it back when they deem suitable or when they want to with whatever interest they want to.
They feel like it.
That is what a bank bail-in is.
It came in around the Dodd-Frank Act and it was there.
The bank bail-ins were there to help prevent bank bail-outs.
And in 2008, we had the Toxic Asset Relief Program and the bank bail-outs We're detrimental to the taxpayer.
So the government got together and said, we're never going to go through that again.
If you got up to a quarter million dollars in the bank, we're going to use those assets from the depositors and use it as a credit to the bank for the better good of the financial institution so they'll never ever have a bailout situation again.
And they can use your money to help create solvency for that bank.
So...
Be very careful where you bank at, guys.
The big banks are very risky, and we are going into a recession.
Speaking of banks, $4 billion have went into cash from a lot of investment banks.
The big banks, JPMorgan Chase, Bank of America, Wells Fargo, they're putting money to the side because they are preparing for a massive job loss, a massive crash in the financial system.
So, How do we protect ourselves?
Give us a call.
We don't want to give solutions on our podcast.
We want to obviously do on a one-on-one basis.
Also, which leads me to my disclosure, I am a financial advisor.
I'm an investment advisor.
I'm a securities license.
This podcast is for educational purposes.
This is not investment advice to the blanket public.
This is simply this podcast and everything I say on it is just opinion.
And secondly, it is for educational purposes.
If you would like a meeting or a one-on-one consultation, give us a call at 813-448-3446.
Or you can book an appointment with us at CortezWM.com.
CortezWM.com.
I appreciate that.
But yeah, keep on following us, and we're going to move to two times a week.
I feel like I need to bring out more content, and so I'm asking for God to give me the energy to do it, as well as some good sponsors to help me, because it's very expensive doing these productions.
Also, What are we doing with the market risk right now?
Guys, I can't express it enough.
We've gotten a lot of calls this week.
How do we get insurance on our cash?
What do we do with this market meltdown?
Look, we have money managers here.
They're not perfect.
They are down as well.
But what the difference is, we have the ability to get out of the market with our managed portfolios at a certain level.
So if your seatbelt number, I like to say seatbelt.
If your seatbelt number is negative 10 or negative 7 or negative 13, automatically using artificial intelligence, we're going to get out of there.
It's not a phone call saying, hey, we're going to sell your portfolio.
No, it's robotic automatically, instantly.
And that's what you need going into 2023, there's going to be some rallies.
There's going to be some rallies.
The interest rates have cooled off.
Real estate's going down.
Interest rates have cooled off.
Inflation is coming down just a hair.
But that doesn't mean your money is safe.
What it's going to mean is that as rates go down, the prices of equities will go up.
The stock market will go up as rates go down.
That is a common relationship.
What's been weird is that we have an inverse relationship with the bond yields.
Our two-year is still paying more than our five-year.
And when we have that inverted yield curve, we have problems 90% of the time.
Well, we already know what the problem is, and we see it on a day-to-day basis.
I mean, shoot, the cost of eggs have skyrocketed.
The cost of firewood has skyrocketed.
Used cars, furniture, I mean, you name it, everything is up like crazy.
But going into 2023, not only do we have an inflation problem, we have a problem with...
In my opinion, Russia and Ukraine, I think they're fighting over the silver.
No one's talking about the silver, but Russia is sitting on a boatload of silver.
I'm talking about like 10-20% of the world's GDP comes from Russia when it comes to silver.
So I think Ukraine's over there for the silver.
That's just my theory.
I could be wrong.
It's my opinion.
I'll hold my feet to the fire.
But...
You know, London already sanctioned Russia for not even providing gold and silver to the exchange.
And as you know, the London exchange for commodities is huge, one of the biggest in the world.
If not the biggest.
So Russia has been exed out of that and so now they don't have a place to sell their silver and I think Ukraine and Russia are battling each other.
I mean, just on that principle alone, but there's obviously a lot of other things happening.
But I say that because there has to be an answer.
There has to be an answer for the interest rates.
The Fed's got to lay down, man.
They are screwing up our economy, raising interest rates in a hawkish stance.
They got to become extremely dovish right now this quarter.
But I know they're going to raise interest rates again.
You can't just keep on printing money and raising interest rates and effectively, artificially grow an economy.
You have to let capitalism take place.
Let the businesses hire and fire and create GDP and create a capitalist, healthy, organic economy.
Um, and so they do not want that because that's capitalism and these idiots want socialism in America, which it doesn't fit.
It does not fit.
So I'm praying that, you know, when we get a conservative in office that these tited rules and regulations, um, We'll be relaxed and we can have companies and corporations thrive and not get taxed to death on corporate tax.
Because you start taxing the companies, it's just going to fall back on employee wages.
That's all it is.
And you're going to see more and more prices just go up.
So be proactive.
Obviously vote.
Hopefully that's not rigged too.
We all know what the story there is.
But as soon as we get a conservative back in office, I feel that we'll have a monumental shift.
Our economy is bigger than stupid-faced Biden.
Our economy is bigger than the Democrats.
You may think that they pull the strings.
You may get all crazy.
But look, our fear...
It needs to be tamed.
If you're worried about the U.S. dollar crashing and, you know, are we going to use toilet paper or we're going to go to CBDC? If you're worried about all that, then guys, quit worrying about it.
God has not given you the spirit of fear.
He's given you love, peace, and sound mind.
And where's your sound mind right now?
So I get a lot of calls, a lot of emails saying, oh my God, this, this is happening.
What are we doing?
I need this.
I need that.
I'm like, calm down.
Like, does money really run your life?
Or do you have any trust and faith in God?
Romans 8, 28 is my scripture for today.
I should have it memorized, but I'm no Bible scholar.
And we know that all things work together for the good to those who love God, to those who are called according to His purpose.
So if we're in God's will, if we're seeking God's face, like He says in Leviticus, can we stop, turn, humble ourselves, and seek His face so He can heal our land?
If we're doing that, and if we're doing our pillars, reading our word, and getting involved in And the devotions and spending time in prayer and reading.
And we're doing His will and we're helping out our communities and we're being a good husband and we're being a good steward of our own temple.
Why are we fearing?
And so I don't care about 87,000 IRS agents.
I don't care about a crashing dollar.
I don't care if gold is a new financial reset.
I don't put my faith in a currency, guys.
God has us in the palm of His hand.
He'll never leave us.
He'll never forsake us, like it says in Hebrews and Isaiah.
But here we are.
We're fearing.
We're fighting.
We have fear, uncertainty, and doubt.
And I don't care if they want to extend Obamacare or 790 billions in additional revenue.
Like, that's what Satan wants.
He wants you to get caught up in all this I'm going to use Joe Biden's word malarkey.
He wants you to get caught up in all this nonsense so you can have fear and so that you can be uncertain and you can make dumb decisions.
And he can attack you.
Satan can attack you when you are in defeat and you're upset and you're doubtful and you're fearful.
So this podcast, give us a call.
We want to help and give you a plan.
So guys, we plan for all this.
I mean, that's where you build confidence.
When you have a plan, you build so much confidence.
And if you're just buying silver and saying, all right, I'm Gucci, baby.
I'm Gucci.
You're not Gucci.
You're not good.
You're not safe.
There's other things that you need to know about then putting your money in precious metals and calling it a day.
There's other things.
There's other ways the government can attack you financially through taxation, through bail-ins, through bailouts, through seizures.
And then you say, oh, well, they don't know where I keep my gold.
Well, if you have a Delaware or Texas IRA, Gold Star, or whoever your equity trust custodian is at, they know where your gold is at.
You think they care about laws?
You think they care about laws when it comes to the seizure of your precious metals?
No.
But one thing they can't take is your life and anything that's associated with your life.
So this is why I like insurance contracts.
Going into 2023, they cannot take anything associated with your life.
And more importantly, you get tax favorability.
See, the secret to traditional wealth management Is to have a predictable, consistent, safe returns every single year.
And that's what we do.
We are completely out of the box type of advisor.
We want to consult with you.
Give us a call 813-448-3446 or book an appointment with us at CortezWM.com.
You need to ask your advisor, what am I invested in?
What other safe options do I have?
Is my principal protected?
What is my standard deviation?
Are you vaccinated?
Did your company vaccinate people?
Did you force mandate?
I mean, you can ask these questions, guys.
And get uncomfortable.
Just get uncomfortable with your guy or gal.
It's okay.
There is growth in being uncomfortable.
Tell me one person that has grown being comfortable.
No one.
No one.
So, give us a call.
We're more than happy to help.
And I'm rambling right now, and I want to stop.
But the 87,000 agents...
More than ever, you need to protect yourself from the over-taxation.
That's where they're going to get you guys, is the taxation.
It's not market losses.
It's not a financial reset.
It is taxation.
That is guaranteed.
It's written in law.
It's happening.
They're already doing it with Social Security.
They're already doing it with your IRAs and 401ks.
They can create the laws around the IRAs that you don't control because you're not an account owner.
You are a participant.
So...
I'm not totally against.
If you have IRAs, I'm not saying you got to wipe out your IRAs and go 100% account ownership.
What I'm saying is you better have a plan of converting it into a tax-free bucket, into a bucket that will not be You know, regulated by the IRS. So give us a call.
We'll show you some cool never tax me strategies.
We'll show you how to protect your principles.
We'll show you how we utilize insurance contracts to protect you from years like 2023 that will guarantee your principle from not just market losses, but financial resets.
So for those of you that have gold and silver, tell me how that's going to protect you from a financial reset.
Do you have a contract saying that, hey, gold and silver is going to go up when a dollar crashes?
What did gold and silver do in 2022?
It was down negative 20%.
And the market was down.
So that is not always an insurance policy.
You want guarantees on your retirement.
You want guarantees on your retirement guys.
And I'm not talking about traditional stock portfolios.
You can get good returns outside of stock portfolios.
Unfortunately, the wealth management guys, they don't know this because they're so stuck on diversifying between an asset that loses money, like with stocks and bonds and real estate investment trusts and all these other things that they simply miss the mark.
It's like a doctor.
You go to a doctor, he may be a good doctor, but he studied in a med school and they taught him pharmacy, big farm.
Whenever somebody has problems, send them drugs.
Write a prescription, just throw pills down their throat.
That doesn't take care of the problem.
The problem is right now is most people are taking too much risk.
They're going into recession.
You thought you would learn in 2001?
Nope.
You thought you would learn in 2008?
Nope.
You thought you would learn in December 2018?
Nope.
And here we are again for the fourth time.
How many times does it take for you to protect your principal, to hit the eject button and secure your principal?
That's all I'm saying.
We have the right accounts here to guarantee a portion of your portfolio.
So give us a call.
You want to have insurance on your money.
Period.
It's that simple.
813-448-3446.
Or you can give us a call or you can book us an appointment online at CortezWM.com.
We are more than happy.
Myself or one of my other fiduciaries will get in contact with you and we'll do a whole consultation of what's best for you and your family.
No pressure.
It doesn't cost anything.
And we want to help our God-fearing patriots.
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