Here’s a great question from Michelle about what will happen if the US Dollar tanks:
Regarding the Whole Life Insurance Banking … with our fiat currency heading ever more towards to the brink, is it advisable for anyone to start investing in the Whole Life Insurance Banking? Will the US Dollar even be around in another 5-7 years? Thanks in advance for your help on this question.
Michelle.
I get this question a lot.
But his answer is a little more complex than a simple “yes” or “no.”
Here’s why:
When some people think of financial collapse, they envision total mayhem…
A kind of post-nuclear holocaust where everyone wanders around aimlessly…
Abandoned ghost-town cities. Smoking piles of debris littering the landscape…
People clad in dirty rags … picking their way through heaps of junk for a morsel of food.
Is that how you see it?
If so, then realize that no investment will thrive in that reality.
Not even gold.
In that scenario, mere survival will be the only thing that matters.
But that is NOT how I envision the coming financial collapse.
Why?
Well, none of the biggest financial collapses in our world’s recent (or past) history have ever looked like that.
Yes, there is always a temporary chaos as wealth transfers hands.
And yes, there are tough times for the masses … sometimes for extended periods of time.
But in the end, a new order is always established … and in the event of a currency collapse, a NEW currency is always formed. And the new currency will be created and owned by someone other than the Federal Government.
Like it or not, we will most likely have to live with some form of fiat currency during our lifetime. However, there are some who believe that gold and silver will return as money and for a time it will be king and then there will again come a time when fiat currency will return.
So even if the present form of your country’s currency collapses, there will be a new currency that takes its place. At that point you’ll get something in exchange for your old money. But that’s assuming a total financial collapse.
I feel that a U.S. dollar collapse will be here some day. Some feel it’s more likely that we’ll get high inflation rather than total collapse. In that case…
The second thing to remember is that interest rates and inflation generally go up in lock-step. So if we start seeing 10% annual inflation, the interest rate you earn in your Whole Life Insurance Banking will also go up.
Some readers may remember the high inflation of the late 1970’s into the early 1980’s. Back then you could earn 17% on a one–year Certificate of Deposit (CD). Right now, inflation is at 2.5% and you can earn around 10% in a Whole Life Insurance Banking.
That’s a 7% spread.
Once inflation hits 10%, you should easily be able to earn up to 17% in your “Whole Life Insurance Banking.” Which brings us to the final point…
A properly set up “Whole Life Insurance Banking” will protect you from future high inflation…
…but it can also save you if we get deflation.
Most investments work well only in one scenario or the other. Either in deflation or inflation. In fact, many investments will completely crash if used in the wrong situation.
Not the “Whole Life Insurance Banking.”
Properly set up, a “Whole Life Insurance Banking” steadily increases your wealth during either scenario.
It works that way because it has the income-producing abilities of an inflation hedge, and the cash-like qualities of a deflation hedge.
Read the book below and learn how to start your own “Whole Life Insurance Banking.” It’s less than 100 pages and easy to read and understand.
Will there be high inflation? All signs point to that.
Will there be deflation? At least one realistic scenario exists where that could be our fate.
With most investments, you have to make an educated guess which scenario is coming.
At Apis Bull, we’re betting more heavily on the inflation side.
But with a “Whole Life Insurance Banking,” you’ll be protected either way.
It won’t matter if the US Dollar tanks … or even disappears.