Is the Bank of You Crash Proof?

If you invest your hard earned money in any outside agency, it’s in your best interest to check that company out. Make sure it’s financially strong. Perform your own due diligence.


This process of checking out a company is called vetting. It’s not always a straightforward process. Sometimes even with the best due diligence, you can get it wrong.



For example, did you know that some outside rating agencies gave Lehman Brothers a “Buy” rating the day before they announced their bankruptcy in September 2008?

The fact is, in an industry as complicated as the financial one, you can’t always get it right. We’ve made a few mistakes along the way, too. But in the process, we’ve learn some new things and valuable lessons.

The good news is that you can greatly increase your chance of “getting it right” with a thorough and complete vetting of every company you invest in.

And that’s why we are pleased to announce that the Bank of You is currently being thoroughly vetted by EVG expert Paul Haarman.

Technically speaking, Paul is actually vetting the company that maintains the Bank of You on your behalf.

That probably requires a quick explanation for those of you who haven’t yet gone through Lesson 2. Or a quick refresher if you are still confused about what a Bank of You is (we know you’re out there based on reader feedback we get).

How a Bank of You Is Different Than a Simple Savings Account

First of all, a Bank of You is not just saving up your own money and borrowing from yourself.

Some of our members still have the idea that a Bank of You is just store a pile of cash that you hold in a safe in your home. Their idea is that you just borrow that money from yourself rather than from a traditional bank whenever you need a loan.

A setup like that could work, but it’s not going to protect you during inflation and it’s certainly not going to supercharge your returns like the EVG Bank of You can.

The Bank of You that Paul unveils in Lesson 2 leverages some unique properties of permanent life insurance.

It acts a lot like a special savings account at a financial institution. You deposit money into it and they pay you interest on your deposits. But it’s so much more than just a savings account.

Some of the additional features include the fact that it shields your money from view of your creditors. For example, if you get sued, they typically can’t touch your Bank of You.

And a really unique feature is that you keep getting paid interest on your full deposit amount even when you are borrowing money against it.

Plus, as we’ve written about in the past, you can even earn money on the “spread” when you borrow from it ... if you set it up correctly.

EVG Helps You Set Up a Bank of You for Maximum Profit

That’s where EVG expert Paul Haarman comes in. He helps you set it up correctly.

In fact, Paul is easily the premier expert in the world on this technique.

Other financial advisors teach something similar to our Bank of You. They call it Infinite Banking, and there are hundreds of Insurance companies you could choose from to set up an Infinite Banking account.

But there are only three financial companies that can set you up with a Bank of You ... and allow you to pull off the arbitrage we’ve previously described as “cloning” your wealth.

Paul has been working extensively with one of those three companies and has successfully set up hundreds of positive-yield Bank of You accounts for EVG members.

By the feedback we’re getting, these members are ecstatic about the ultra-safe, high-yield returns they are getting.

Still, many of our readers wonder: will a Bank of You be a safe location for their money ... especially if there’s another financial collapse like 2008 or any other kind of economic meltdown?

So Paul has been busy vetting this company to make sure your retirement money will be safe and secure in an EVG Bank of You.

Steps to Vetting the Bank of You

So, how do you go about vetting a large financial institution?

First of all, you look at their public financial statements.

In the highly regulated insurance and financial industries, such financial statements are available to investors and potential investors.

It’s an important step, and it’s a great start. But everyone also knows that some rogue corporations have been able to “cook the books” in the past.

Using a variety of accounting tricks, these corporate thieves have fooled regulators, the general public and even their own investors.

Enron is an example that immediately pops up in many people’s mind, but Lehman Brothers did the exact same thing before their 2008 collapse.

So, just looking at public financials is not enough. You also want to see what industry watchdog groups and rating agencies have to say. These companies are like the Better Business Bureau for the financial industry.

They discover and point out problems that the company itself tries to gloss over.

Paul Haarman has already taken both these steps and completed this general aspect of his vetting process with the Bank of You insurance carrier he uses.

Now a lot of average wealth strategists might stop at this point and say “good enough.” But...

EVG Isn’t Satisfied With “Good Enough”

You see, if you want to vet a company thoroughly, you need a more boots-to the-ground research approach.

How do you do that? Well, for manufacturing companies, you would go out and visit the plants, talk to the workers, the supervisors, the middle management. Check out the quality of the raw materials. See how the product is stored. Transported. Things like that.

For a mining company you might don a hard hat and work boots. Trek out to their remotest mining sites. Check out the quality of their ore. Verify the size of their claim with an on-site presence. Whatever it takes.

So how would you similarly vet a financial company? There are no factories, no physical product.

First, you have to establish that their “product” is their ability to manage money.

Then you need to figure out how you’d physically investigate that “product.”

The best way would be to talk to the people who manage the company itself -- and its money -- at the highest level.

We’re talking about the top brass. People like the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) and the Chief Investment Officer (CIO).

Now, if you could talk to just one of those top “Chiefs” in a company, you’d have a real leg up on the vetting process. If you were able to get access to two of those top-dogs, you’d really be in good shape.

Trying to arrange a meeting with all three? Well, that would be a nearly unattainable feat.

You see, when you’re dealing with multi-billion dollar corporations, access to the big bosses is next to impossible.

With millions of clients, they just don’t have time to talk to every investor. Their calendars are booked solid for months, even years.

And their executive secretaries have built up multiple layers of protection. You don’t just phone these guys up. You have to plow through multiple gatekeepers and jump through a lot of hoops.

Unless you’re EVG expert Paul Haarman

Through his industry connections, Paul was able to meet the CEO of the main insurance company he uses for the Bank of You. And it wasn’t just a quick handshake meet and greet.

Paul grilled him extensively and came away thoroughly impressed ... and assured that his money and yours is safe in any Bank of You sourced out to this company.

But that’s not all Paul came away with. The CEO was impressed with the overall vision of The Elevation Group and what we are accomplishing for our members.

So he agreed to give Paul direct access to the CFO and the CIO of the company.
In fact, they have agreed to fly to Austin and meet with the EVG executive team and possibly even film a lesson for EVG members.

We can’t tell you exactly when this will happen, or what form it will take. But it is in the works, and you, as an EVG member, will get exclusive access as soon as it happens.

This is really groundbreaking news in our industry. And it will be of huge benefit to you as a member.


Get Started With Your Own Bank of You Now if you haven’t yet looked into Lesson 2, or haven’t yet attempted to set up a Bank of You, now is a good time to jump back into your member’s area and check it out.

Setting up a Bank of You isn’t difficult, but it does require some time. It’s not as easy as just plunking your money down and saying “sign me up.”

There are forms to fill out and waiting periods involved.

The sooner you can get your Bank of You set up and funded, the sooner you can start using its incredibly powerful features...

And start ratcheting up your own net worth.

The “Secret Pact” That Could Make You Rich ... or Poor!

The American Dollar has powered the global economy for the last half century or so. And it’s made the United States the most
powerful nation in the world.

But that may all be soon coming to an abrupt end.

For the last 68 years, the U.S. Dollar has enjoyed a unique status as the world’s reserve currency.

But... for the last 39 years, the US Dollar has been artificially propped up by a “secret pact” made between former US president Richard Nixon and Saudi Arabia.

That pact has made America the richest country in the world. Americans have enjoyed unprecedented wealth as a result.

One problem. The secret pact was non-binding. Either party could walk away without getting in trouble.

As nations start to abandon the agreements made in that “secret pact,” only one outcome will be possible:

The Death of the US Dollar

When the US Dollar dies, it’ll cause the most massive wealth transfer the world has ever seen.

It will affect every person in the world ... no matter what country you’re from.

If you’re prepared, you could end up extremely wealthy.

If you’re not prepared, you’ll likely end up dirt poor. All your hard-earned money will get transferred to someone else.

We’ll give you all the details of the “secret pact” in a moment.

But first, to properly understand why it will be so devastating ... and how YOU can get on the correct side of the wealth transfer ... we have to take a little trip back in time.

So hold on tight. We’re going on crash-course through modern economic history today.

Don’t worry, it’s short and sweet. But it could be the most important ... and profitable history lesson you’ll ever learn.

Let’s start by answering a question many of you may have (but were afraid to ask...)

What’s a Reserve Currency?

A reserve currency is the money central banks hold in their vaults throughout the world. It’s the money other nations use to set the price of their own currency.

And most importantly, it’s the currency that nations use to trade goods among each other...

Like natural resources (oil, copper, timber and grain)... and manufactured goods like cars, electronics, clothing and processed food.

These things get traded throughout the world between many nations.

For the last 70 years or so, most countries have traded their goods with other nations using US Dollars.

Doesn’t matter if it’s Spain trading with Argentina. Or Saudi Arabia with China.

These countries trade with each other using American dollars, because that’s the reserve currency.

So how did the US dollar get this important distinction?

The Rest of the World Eagerly Gave the US Dollar This Status

In 1944, while bombs were still dropping on European soil, leaders from the Allied nations gathered to plan for the end of World War II.

Their goal was to establish an economic system that would help quickly rebuild the war-torn areas of Europe.

At that time, they chose the United States as the most financially stable country.

So in July of 1944, the 44 Allied nations signed an agreement giving the reserve currency status to the United States.

In turn, the US promised to exchange each US dollar for a fixed amount of gold. For each $35 you cashed in, the US Treasury promised to give you one ounce of gold.

This was an advantage to the countries ravaged by war. Europe (and then Japan after the war) needed to rebuild.

They did it by devaluing their own currency against the US dollar. This boosted their exports to America. It created jobs for their citizens and growth in their economies.

It was a great boon for these countries in the post-war recovery. And the US loved its new role as the world’s economic powerhouse.

It all worked reasonably well until the 1960s.

The problem was, the U.S. government was only backing about 25% of its money supply with actual gold. Yet it was promising to redeem every dollar in circulation with real, physical gold.

In the 1960s, some people started noticing the growing discrepancy. One of those guys was the president of France, Charles de Gaulle.

He began emptying French banks of every last US dollar he could find.

Then he plunked the cash down at US Treasury headquarters and demanded gold, citing the 1944 agreement.

The US Treasury had no choice. They backed their trucks up to Fort Knox and began emptying the vaults. They ended up shipping hundreds of tons of gold bars to France.

Other nations took notice... and it started a run on gold in the late 1960’s.

During that time, foreign countries plundered more than 50% of the United States’ gold reserves. A total collapse of the system seemed imminent.

The Nixon Shock

So in 1971, US president Richard Nixon decided to end the 1944 agreement to convert US Dollars into gold.

Dubbed as the “Nixon Shock,” this decree turned the US Dollar into a pure fiat currency.

That means the only thing giving value to the U.S. dollar since then is the promise of the US government. No gold. No nothing. Just a promise. It’s really kind of scary.

And yet, strangely, that move did not hurt the strength of the US Dollar.

In fact, the demand for the dollar only increased.

Here’s why.

The Saudi Arabian Connection

In 1973, U.S. President Nixon and King Faisal of Saudi Arabia signed a pact that created the petrodollar system.

Nixon asked Faisal to accept only US dollars as payment for oil. He also asked him to invest his excess profits in US Treasury bonds.

In exchange, Nixon pledged to protect Saudi oil fields from the Soviet Union and other potential aggressors (like Iraq and Iran).

This “secret pact” created immense international demand for US dollars.

Nations who bought oil needed Amercan dollars to buy it. Nations who sold oil bought US Treasuries to protect their interests.

This petrodollar agreement played a huge part in boosting the dollar's valuation.

But more importantly, it created an almost endless pool of demand for US Treasuries.

This was how countries around the world maintained stores of petrodollars. And international investors looking for a safe haven investment always turned to US Treasuries.

The Tide Is Turning Against the Dollar

Fast forward to today. Countries still do most of their international trade in US dollars.

Why? Mostly because that’s how they’ve always done it. The system is in place thanks to Nixon’s secret pact.

But some countries are questioning the system. If an African country is trading with China, why are they using American dollars as the trading currency?

So over the past few years China, Russia and other emerging powers have been quietly making agreements to move away from the US dollar in international trade.

And nations that dislike America see ditching the dollar as a good way to reduce American influence in the world.

They’re right.

How It Will All Unravel

Many Americans don’t realize that the petrodollar system has given America an unfair advantage for the last half a century.

It’s enabled the U.S. to print as much money as it wants. Why? Because there’s always been a huge international demand for it’s debt (treasury bonds).

But the shift away from the Dollar as the world’s reserve currency is changing that demand.

It won’t happen overnight. Buying US Treasuries is a long-standing habit for many foreign countries and investors.

But once a large country decides to cash in its US Treasuries, it will be like the run on gold that France started back in the 1960’s.

Other countries will start cashing in ... and everyone else will panic and want to do the same.

When that happens, the value of the dollar will plummet. Most likely the International Monetary Fund (IMF) will step in and create a new world reserve currency to stave off a world-wide crisis.

But it will be too late for the dollar.

The US dollar may still survive as a local currency. But it will no longer have the worldwide power and influence it has enjoyed for the last 70 years.

What Will Be the Fallout?

In the United States, there will be massive inflation and high interest rates.

The huge spike in the cost of food, clothing, and gasoline will make the 2008 recession look like nothing more than a bump in the road.

The US government will be unable to finance its debts.

The house of cards, built on the assumption that the world would rely on US dollars forever, will come tumbling down.

It is a scary proposition in many ways. But it’s also a huge opportunity.

How YOU Can Prosper

Recent stories in major financial magazines have warned about the potential death of the US Dollar as the world’s reserve currency.

But they don’t tell YOU what to do about it.

Everything we teach in the Elevation Group prepares you for the inevitable outcome of this story.

The investment strategies we promote in EVG will not only help you survive ... they’ll position you to prosper and come out on top.

See, the death of the dollar will be part of the massive wealth transfer we constantly talk about. It’s setting up to be the most massive wealth transfer in the history of mankind, and we plan to be on the proper side.

Now is a great time to jump back in to the Members Area and review some of the lessons.

Remember, this is one of the ways you get to “hang out with the rich.” The more you read through the lessons and diaries, watch the videos and listen the interviews, the more you’ll start to adopt the mindset of the wealthy.

If you haven’t gone through Lesson 1 on the coming wealth transfer recently, that would be a great place to review the HUGE opportunity waiting out there for those who are prepared.



This article is reprinted courtesy of The Elevation Group. To find out more, please visit their website at:http://theelevationgroup.com