MASTERCLASS: THE SHADOW BANKER'S SECRETS
ADAGIO INSTITUTE, INC.
MONEY AS DEBT
A 501(c)(3) Public Charity
ADAGIO INSTITUTE, INC.
A 501(c)(3) Public Charity
THE FED'S TRANSFER OF WEALTH AND HOW TO BEAT THE BANKING SYSTEM
THE FED'S TRANSFER OF WEALTH AND HOW TO BEAT THE BANKING SYSTEM
Dr. Edwin Vieira, Jr., A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and J.D. (Harvard Law School)
5 MINUTE PRESENTATION (TRANSCRIPT AVAILABLE BELOW)
FREE Video Case Study: Benjamin D. Summers
on How to Beat the Banking System
FREE Video Case Study: Benjamin D. Summers
on How to Beat the Banking System
  • Generate Strong Investment Returns That Won't Take a Hit from Market Crises (Like 2008)
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5 LESSONS
5 LESSONS
Ben teaches the proven techniques of Wall Street for raising unlimited, low-cost capital as an institutional-grade fund manager in over 2.5 hours of video lessons and downloadable slides.

This unprecedented masterclass reveals the secrets Ben discovered over his 10 plus years of experience... a period that saw him generate returns in excess of 30% in 2008, the year of the financial crisis.

You'll learn how to structure investments and portfolios that not only maximize your returns but also protect you against the risk of market cycles... allowing you to serve the trillions of dollars held by retail investors starved for low-risk yield.

As an investment manager or real estate entreprenuer, you'll learn how to compliantly raise unlimited, low-cost capital without having to ask fo it.
INVESTMENT QUALITY CALCULATOR
INVESTMENT QUALITY CALCULATOR
Only available through this masterclass, the investment quality (or risk-adjusted performance) calculator allows you to evaluate and price your investments like the big banks and to confidently pick the best investment every time without having to do the math yourself!

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 Risk-Adjusted Performance Calculator Output  (Demo)
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BEN SUMMERS TEACHES
INVESTMENT BANKING FOR ALTERNATIVES
To get started, let us know what type of firm you work for. Select the option you identify with most:
BEN SUMMERS TEACHES INVESTMENT BANKING FOR ALTERNATIVES
To get started, let us know what type of firm you work for. Select the option you identify with most:
Broker-Dealer / Investment Bank
Registered Investment Adviser (Multiple Retail Clients)
Family Office, Endowment or Pension Fund
Insurance Agency, Real Estate Brokerage, IRA Custodian, Fund Administration, Accounting, or Law
Alternative Asset Manager / Sponsor / Wholesaler (e.g. Real Estate Syndicator, Hedge Fund Manager)
Regulatory Body / Trade Association / Due Diligence Firm (e.g. SEC, FINRA, CFA Institute)
Other / Retail Investor
N/A: I Want to Become My Own Bank & Create Capital
CUSTOM JAVASCRIPT / HTML
CUSTOM JAVASCRIPT / HTML
THE VALUE PROPOSITION
PRESENTATION TRANSCRIPT
[DR. EDWIN VIEIRA, JR.]

I come in, and I give the bank–say–a hundred ounces of gold, and the bank offers me some interest payment on that. They're going to pay me 3% interest. And they're going to take that hundred ounces of gold, and they're going to lend it out at 5%. That's how they make their money: the 2% spread. Now, that's fine so far, because I know that gold is in there; it's being loaned out, and someday–now I'm getting 2% interest–and someday I can ask for that principal back. It might be six months; it might be a year, or whatever it is.

Where the trick comes into this is the bank says, "Not only are we going to lend that money out, but we're going to allow you, Mr. Depositor, to draw on that money right now." All right? Which means that they can't possibly be saying that I can draw 100% of that deposit when they've also loaned out 100% of that deposit. Now, maybe they don't loan out 100%. Maybe they only loan out 90%, or 80%, or whatever it is. And that's the fractional reserve concept. They don't have enough reserves to pay out all of these obligations that they've made, especially with respect to paper currency, because usually that's the way it worked.

Now, why do they do this? Well, they do this because they make money. If I can loan out essentially more than I have in my reserves, by that difference I'm increasing interest payments. So the bankers are beneficiaries of this, and obviously the early–the first lender–the person that receives that money is a beneficiary because he's getting money that he wouldn't have gotten otherwise, even though he has to pay interest on it.

But then what happens down the line? This is the fascinating part about it. The market has set prices and wages on the basis of what it believes is the total amount of money that's in circulation. Along come the banks, and they start generating new money that the market doesn't know about. It finds out about it because the money goes into circulation.

So, I'm the first user of this money. I've just received the loan from the bank; I'm going to go out and buy cement with it. And when I buy cement with it, cement is at the original market price. Now, as that money starts percolating into society, the market realizes there's more money than there was before. More money chasing the same amount of goods means the prices of goods go up. Right? So, eventually somewhere down the line that same cement that I just bought for $5 a pound is going to cost somebody else $6 a pound. Now, if he buys that cement at $6 a pound before his income has increased commensurately, what's happening to his real wealth? He's losing real wealth. His costs have gone up; his income stays the same; his real wealth is decreased. Who's real wealth has increased in this transaction? Mine and the bank's because we got the full value of the money right at the beginning.

So this system transfers wealth–somehow, you can't exactly follow it, but the principle is there–transfers wealth from society to the creators of money.

Well, it's always politically popular to impose financial burdens onto somebody else. It tends to be politically difficult to impose financial burdens on someone who's living alongside of you because they tend to have votes, and they tend to have representatives who'll take their position. It's fairly easy to impose a financial burden on the future because the future generation tends not to have any votes or representation at all in the present. As soon as you start talking about monetization of debt where the banks come in and now buy governmental debt with new money that the banks have created through this special privilege they have of creating money in the Federal Reserve System.

The redistribution of wealth that takes place through that process most people don't understand. It happens through depreciation of currency, and the depreciation of currency usually leads to increases in prices, which the average person calls inflation. Inflation's really increasing the money supply. The prices increase as a consequence of that, but the average person doesn't understand how this happens, and he's going to blame gold speculators in Switzerland; he's going to blame greedy unions; he's going to blame price gouging... He's going to blame everybody but Congress and the banking system. So it's easy politically through monetization of debt to expand borrowing beyond prudent levels.

Now, why is that tyrannous? Well, at a certain level it's tyrannous–the definition of tyranny is the exercise of a power that no one should be allowed to exercise–and it's tyrannous because no one should be allowed to exercise a power that puts burdens on people that are not allowed an opportunity to be heard, an opportunity to vote, an opportunity to have some kind of a say. Granted, to some extent you're going to have do that in the nature of government as long as you have borrowing, but beyond a certain point, it becomes tyrannous, and it's beyond that point that the present system allows our political structure to move too easily.

How much–take for instance–how much is the purchasing power of Federal Reserve Notes lost since World War II? About 90%. You think that hasn't had some consequence in terms of redistribution of wealth, in terms of the way the economy has developed? Of course it has. The average person doesn't see it. He can't follow the lines of cause and effect, but it's there, and his life is quite a bit different from what it would have been if that hadn't occurred.
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