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In 1913 our Federal Government handed over the power to regulate the money supply to a consortium of bankers that are neither Federal nor American. It is called the Federal Reserve but it is in fact a privately owned group of bankers that have been granted the power to print money which is reserved solely to Congress by our Constitution.

If the government can print money why do they instead borrow it from a bank and pay interest on the loan?

One needs to ask the additional question Read the rest of this entry »

If you cannot afford to buy a car how does it help to borrow money to buy a car and then pay not only the cost of the car but the interest as well? Well I am sure you can think of many reasons but most are variations of this one…I need a car…

Of course we need a car to do many things but the “need” for a car does not suddenly appear in one’s life without warning. The need is urgent due to a lack of foresight and planning which is a function of sloppy disorganize thinking. Another way to phrase it is to call it ignorance.

Every time a citizen buys something with borrowed money the cost of the good or service has been increased but the value of the good or service has not been affected at all by the additional cost. Why then do we do it? Ignorance is the key. The reason I say that Americans are all born into slavery is because most of them toil their lives away with the bulk of their wealth being expended on interest to banks for mortgages, credit cards,  and banking fees.

For most people about one third or more of their income goes to mortgage debt. What could you do with that money if you had no mortgage? Read the rest of this entry »

Banks are corporations that create money by creating debt. They then allow others to use this money in exchange for repayment with interest.

If every transaction for an exchange of goods or services uses money to make the exchange, then the banks control the entire economy by virtue of controlling who gets to use the banks “created” money and in what amounts.

When I go to the market and buy food with money there is effectively a bank standing between me and the merchant.

If I go to my neighbor who raises chickens and instead of paying for the eggs that her chickens produced I  instead mend her fence with my own labor and tools in exchange for some eggs then I don’t need money. She has a mended fence, I have eggs, but no taxes are owed or paid. The mending of the fence and the price of the eggs is cheaper for that reason.

The bank does not profit by giving me an intrinsically  worthless piece of paper with a fluctuating value to use to keep track of my accounting when I exchange goods and services.

When you look at the cost of credit it quickly becomes apparent that Read the rest of this entry »

If you think of each family as the group of humans living in a single dwelling this can be represented by a symbol.

I use the cell of a honeycomb for this symbol because I like bees and honey. Also a full honeycomb is the best image of bounty and fullness I can think of to represent wealth stored through one’s  labor.

To further represent that this family has sufficient food, shelter, and clothing for one year we simply color in the cell.

If the family represented by the image of the cell has nothing the cell is left empty.

If they have sufficient resources for one half year the cell is half filled in.

Ideally a family will have stored wealth (FSC-food, shelter and clothing) for one year and within each year they will be able to replenish their supplies through labor. With a year of supplies saved up and one year to create another year’s supply, each family is essentially free from want. This leads to Read the rest of this entry »

First and foremost we all must stop thinking of ourselves in terms of cultures, races, or colors. We are all just human beings on the same spinning globe and we are connected at the speed of light, thanks to the internet.

Throughout history  wars have been fought  in the name of  religion or patriotism but the true cause of every war has always been wealth. War consumes and destroys so much wealth that many suffer and die in its wake. Yet a few have prospered in every war , and they are the  money lenders. They provide the billions of USD  that  armies need to feed, house, clothe, and arm their soldiers to prosecute the destruction of their neighbors.

Only a few are able to muster Read the rest of this entry »

Would I have to pay capital gains tax if someone were to Buy My Home?

Years ago the Rollover Replacement Rule stated that sellers would have to purchase a new home immediately in order to avoid paying capital gains taxes on the sale of their property. Fortunately, that rule no longer exists. Currently, sellers who have used the property as their primary residence for 2 of the last 5 years do not have to pay capital gains taxes, even if they do not buy a new home. The sale and purchase of a new property are treated as separate transactions.

Capital gains taxes do still apply to sellers who make significant profit on the sale of their property. For example, a single person who makes more than $250, 000 in profit or a married couple who make over $500,000 in profit will have to pay taxes on that money.

When calculating your profit margin from the sale of your property, be sure to include the cost of any improvement you made while living there.

If you have any questions about selling your property, call WABroker at (916) 454-5400 or fill out the form below.

If you are planning on getting a home loan in the near future, the type of loan you chose could save you thousands of dollars over the next few decades.

Forget long-term debt and high interest payments. Choose a 15 year loan.

Only a few years ago when housing prices were at their peak, lenders advocated 30–and even 40–year loans in order to get buyers into expensive homes they couldn’t afford. These buyers faced decades of mortgage payments and high interest rates. Homeowners in this situation were indebted to their lender for years and years of their lives.

But you don’t have to be a slave to your mortgage company, you can choose to pay off your home loan in 15 years. And now is a great time to buy property.

Housing prices and interest rates are both considerably lower than they have been in years. And with a 15 year loan, interest rates are even lower than with a 30 year loan. Paying off your home loan within 15 years can save you thousands of dollars in interest payments. Plus, you will be free of the bank and own your home outright–in half the time.

So, if you are planning on taking out a home loan, save yourself time and money with a 15 year loan. If you already have a 30 year mortgage, consider refinancing or buying a home with a 15 year mortgage.

Don’t be indebted to the bank any longer than you have to. Call WABroker today (916) 454-5400 or fill out the form below.