E91 - Rate of Return Is a Trap (Here's What Matters)

0:00of all the wars to refuse. This is one that I would absolutely refuse to participate in. Like Tom Woods always says no matter who you vote for, you always end up getting John McCain. How do you quantify peace of mind? Like if everything fell apart and I had no income, my family is sustainable for multiple years without me making a single payment. No where else could I access this money and sit on my hands for multiple years. Make zero payments and zero income and be okay. Because no one cares about your family and their finances. No one cares about your sons and daughters futures more than you do. Control your capital. You're listening to Remnant Finance. The show that brings you unfiltered takes on unconventional strategies to sever your dependence from the banking industry and Wall Street. We're Brian and Hans. Military pilots turn economic insurrection as an infinite bank in practitioners. We strive to keep prosperity simple. We've learned at the most important aspect

1:00of your personal financial journey as the one that is almost entirely ignored by the conventional model, the process of banking. Our goal is to teach you how to build a strong financial foundation, growing, leveraging, and protecting your capital while optimizing your financial order of operations. So you can live your life you want to live now and in the future. Listen each week as we challenge the status quo and provide uncensored takes on finance, economics, and current events now back to the show. All right, hey, welcome back to Remnant Finance. We've got Brian here with us still. We haven't really talked about this in the podcast yet, but we've been having kind of a scramble in the business. Because Brian, you want to explain a little bit about your situation, what's going on? And we'll talk a little bit about that before we get into our topic today, rate of control. Yeah, I was involuntarily activated. I'm here at the tail end of my career flying tankers. And so involuntarily activated last month

2:03for this dumb war. Initially, we thought we were shipping out in 48 hours, but right now we're just activated in place, but could be sent out at any point. So when that happened, I had to kind of hand off everybody and my pipeline to Hans and really hard to schedule anything and do things in the background with Heaven and unknown short-term future. So your time, unfortunate time. Yeah, it really is. Because you've had that basically an ace in the hole ever since the mandate stuff where you made it to your 20. So you have the ability in the reserves in all situations, but one to say, hey, I don't want to, whether it's a deployment, whether it's training, anything you want. You basically just have the ability to say, hey, I'm going to drop my retirement paperwork. I'll stick around if I don't have to do XYZ, but otherwise I'll just retire, no problem. And that works in all situations, except for the situation where the president mobilizes the National Guard. And so now you go up and being able to drop retirement paperwork

3:05to, it could be a court marshal if you refuse this one. And of all the wars to refuse, this is the, I feel like I understand what people in Vietnam who were like dodging the draft and stuff. Five years ago, I would have thought like, you know, those guys like, you know, buckle up and do your duty. But now I'm like, okay, I get it, because this is one that I would absolutely refuse to participate in. And unfortunately, we just lost one of your aircraft, not your squadron, but the 130th, the KC 135, the tanker that you fly had a mid-air collision. And we don't know the details, we don't know the names yet, but we know that there's a mid-air collision. And so far, a lot of airplanes have gone down, none from enemy fire, all from either friendly fire, or mid-airs in this instance. And it's just, it's hard to stomach the fact that we're like, we're losing good guys for this in a war that we're inevitably gonna lose. We're gonna tuck tail and run before too long, since this is the most unpopular wars bin at the start,

4:06I think ever, since at least, and they've been tracking it. At least since World War II, not that we have even declared wars, but there's public support for a lot of these efforts, but this one is in the tanks. And I think this is gonna just permanently destroy Trump's legacy personally, because this is not what he was elected to do. He was not elected to start new forever wars. But we actually campaigned on the exact opposite of that. Yeah, specifically called out the prior administrations over doing the same thing in Syria. You know, like go down the list, and now we're doing it on a much larger scale, sending half of our military over to a war that doesn't benefit us and my estimation. And it's really hard, it's really hard to see that we just lost six dudes or ladies, I'm not sure. But yeah, that's rough. So we're hoping, remnant finance and more on the ground, I think, way more than they're saying. Way more than they're saying. Yeah, I have no idea how many,

5:07but I know that I ended up recently flying a mission for the cap when they, when the, you know, unfortunately, when the bodies came back, where President Trump was there to meet them. And it's just like, that even was infuriating to me that not that I had to fly the mission, but that we're doing, that that mission had to exist. Yeah. Yeah, so yeah, I don't know, man, it's just like, I think, I remember, and I couldn't find that I looked this up, but I remembered right after President Bush, Jr., you know, right after the 2008 election when he left office. And there was a question to him, I really wish I could have found this source, but like Google searching it high and low, I could not find it again, but I remember listening to it, so I can't quote it directly, it's two minutes too long ago, but the reporter basically asked him, like, do you worry about, you know, what's gonna, you know, how Obama would handle the same things

6:08like that you handled, and he basically said, not at all, because no matter who's in there, they're gonna have to make the same decisions. Yeah. Not a direct quote, not a direct quote there, but close enough to that, that was the implication. And I didn't really understand that fully at the time. I kind of just remember thinking, like, well, that's a weird statement. Like, you guys are all running on different things in opposition, like that's a really weird thing to say, but I've come to believe that that is true, and he was actually revealing something that is far beyond what most people believe, and it's that none of the people in power, I'll call it, are actually controlling the decisions. So I think if we had Kamala Harris, we'd probably have ended up doing the same thing. If we have Trump, it just, it feels to me like we're a nation occupied. By whom, I don't know, but it, it, yeah, none of this makes any sense.

7:12I can't find a single positive to this war. I can only find negative. And what people, so there's, there is the sentiment that, oh yeah, we just, you know, the Supreme Leader, the Grand Iatola, he was a terrible guy, a dictator, we took him out good for us, right? Well, we took out, they elected someone, they nominated the next one, we took him out, they had a council to determine the next one, we took out that entire council, right? So, are we celebrating that we just took out, you know, 90 of their religious leaders? That's one way that people have looked at it that we've heard. Well, that guy's, I had told that was, taking out has been in power since 1989. That's, that was one when he came to power. That's, that's a religious figure for the people of Iran. And so we have this idea that, you know, like the CIA can go in and do another color revolution and get, you know, get this, get this, like, you know, support that, but for these, for these, for these, quote, quote, revolutions,

8:12and we can have this regime change. Well, last year, Iran pulled down, like, what was it? Thousands of Mossad Asians identified them and basically said, we're gonna execute them if you don't get them out. And they destroyed a lot of the intel communication lines. And so that, this, this revolution that they're trying to foment in Iran, peed it out really quickly, right? And now you have a lot of people who are furious because their leader, a 40 bird, not for 36, 30, how am I, how am I, I'm 37? 36 years was just assassinated. And then the guy who's now in charge is his son, but he hasn't made any public appearances yet. Here's where, here's where we are so in over our heads and they clearly don't have a game plan for this. The guy who's in charge of the IRGC, the Iranian Revolutionary Guard Corps. He watched, he, this was like 20, how about 25 years ago, he watched what happened in Iraq. They had a very centralized command structure, right? So the US military goes in, shock and awe, three weeks, we've decapitated the entire regime, right? Now, he watched that and he said, that's not gonna happen to Iran. So for the last 25 years, when he became the head of the IRGC,

9:16this is Al-Ali Jafari, Muhammad Ali Jafari or Al-Jafari, he's been in the news, but he restructured the entire control of Iran and he took the 33 or 31, I don't recall like the counties and made them essentially their own autonomous military units. And so they answered to the Grand Ayatollah, he can give orders, but beyond him, each of them is empowered to act autonomously to a degree, as I believe as long as it doesn't conflict with what the Grand Ayatollah says. And until a Grand Ayatollah gives them a new guidance, the president of the company country doesn't have the ability to control these 31, 33, whatever it is, 32 autonomous units. So right now, we just decapitated the head of the snake and you think, well, if this is Iraq, it's analogous to, we just took out Saddam and his entire army. So now we're gonna, we can just do what we want, no. Now what we did was we just loosed 31 different military units

10:17that have enormous military capabilities that I think we underestimate and they don't have this centralized control. So even if the president of Iran today said we want to negotiate and they sent their negotiating team to, I think it's Oman, where the negotiations are going down and said, we're done, we're gonna surrender or whatever you want. Like they've already tried to make concessions and we've said no, or Israel said no, we're not gonna allow you to make these concessions. And so we have two businessmen, Steve Whitcoff and Jared Kushner, who are in charge of like negotiations with our, it's a preposter, it doesn't make sense. We have businessmen that are not negotiators, they're not policymakers who are doing this negotiation with Iran, who is now consists of like a president who's effectively a figurehead because we just can, we assassinated the one person who can control these 31 autonomous military units. And so each of them has the ability on their own and clearly they're doing it to continuously lob missiles, to continuously fire drones. Like they can all act independently.

11:18And so we did not just cut off the head of the Hydra here. Like there is now 31 heads that we're gonna be fighting indefinitely, they say this is gonna be a quick war. It's not gonna be a quick war unless we can see defeat early, which we should tuck tail and get the F out of there because what is our goal here? We did not dismantle like the nation of Iran. It's 90 million people, it's a mountain fortress of a country. Now with 31 furious, different strongly, strong military units, like this is a, this is like makes Vietnam look like a well planned easy to win war. Like I think this is gonna be a disaster. It could be proven wrong, but I will say I'm glad I did not vote in the last federal election or any of the recent ones. And I feel firmly vindicated on my position of not participating in federal elections because no matter who you vote for, you're gonna get the same outcome. It's just infuriating. And it really hurts when you lose good dudes that didn't need to be there in the first place. I always like Tom Woods always says no matter who you vote for, you always end up getting John McCain.

12:18And he's not wrong, he's absolutely not wrong. I don't know, I wonder where Kushner's allegiance is lie. That's one of the worrisome things to me, but that's another topic. Yeah, that's a, yeah. That's very fun. And one of the things that I'm a little bit tired of hearing is, and this is from like the brow beating neocons is that these people have been saying death to America since 1979. They've been a 47 year imminent threat to America and all these things. And it's just like, people wanna reach back 47 years to that. Well, I keep saying like, why don't you reach back 26 more years? Because in 1953, the CIA over through the democratically elected leader, Prime Minister of Iran, to reinstall the dictator known as the Shaw, put him back in power. So all this really stems from, at the time it was American oil interests because after that happened, the Shaw gave between BP and American oil companies

13:2140% of production capability within Iran. So why don't we go back 73 years to the start of why they may not like America? But nobody wants to take any blame for that in our country because we pretend like we are always in the morally superior position. But it really starts there. It's no surprise they had a revolution to overthrow the same guy that they elected. They booted out of office through a fair election. They didn't want them to begin with. Right. And we talk about them, like on paper, yes, like a democracy, quote, quote, democracy, I'll say, is better than a dictatorship, I guess. Like on paper, as a talking point, sure. But in reality, democracy is not democracy. When they talk about it, what they mean is who we want in place. So like Iraq just had elections, we don't like it. Now we're sanctioning them because they elected the wrong person, right? This happened in Moldova. This happened in Romania all in the last year.

14:21They like the tide of nationalism across Europe because they're realizing, hey, whoever's controlling us, these politicians are not acting in the interest of the German people, of the French people. Like a manual of Macron is not acting in the benefit for the benefit of French citizens. He's he's gutting that country. Germany, England, you know, Starmer and England. These are not these are not like England is not English. France is not French anymore. Germany is not German. These countries are being gutted out by globalism. And so you wonder who are these people working for? They're working for globalists. The EU is a globalist cartel. It has nothing to do with democracy. And so as soon as Romania elects a nationalist leader who's going to go against the calling card, you know, there's always like the current calling card of how do you how to identify yourself as a globalist? Right now in Europe, it's supporting the Ukraine war. So if you go against that as a leader, as someone trying to get elected and you get overwhelmingly vote in like Romania, like Moldova, then the EU comes in and says that, you know, we got a we got a stamp out nationalist. This is a threat to democracy. The phrase a threat to democracy means we're pushing globalism on you. It has nothing to do with democracy,

15:22which is simply the act of voting in like electing a leader as a population. When that happens, if it goes against what the globalists want, like in Moldova, like in Romania, like in Iraq right now, it does like and like in Ukraine, when the Maidan coup, which was orchestrated by us, Victoria Nulin bragging about it. When that happened, they threw out the democratic, democratically elected leader of Ukraine because it was on two good terms with Russia. So all of these, this idea that like we are, we're spreading democracy, we're serving these countries, we're not. And we don't have a business to be doing that. And you know, we don't, it's, it's, it's, it's frustrating because you watch, like you were kind of watching the crumbling of this in real time. Like my, my small, you know, like everyone in the mill, like you want to pretend like you're an expert in the thing you study, like I'm not an expert in UN convention on the law of the sea, right? But that was the one thing that my contribution to my deployments in the Navy was in the South China Sea, patrolling the maritime sea lanes, enforcing that, you know,

16:24the exclusive economic zone, the territorial waters, like this whole idea that the Navy exists to for freedom of navigation. It's like, okay, well, how do you square that? And like these rules of engagement, you gotta, you know, like there's, there's specific SOE for how do you engage a ship at sea, right? We're a helicopter with, with, with missile, with, with hellfire missiles, we've got torpedoes, like there is a scale of escalation and engagement. If you're going to fire on a ship, you have to first do these different requirements, right? And that's what we trained to, not an expert in all that stuff, but I've, you know, studied it enough to pass my aircraft command or boards. So when you see that we just went, you know, 2000 miles off of our coastline and sunk ships without warning off the coast of Venezuela, like, okay, you could make an argument for that. If you, if you can prove that they were going to come to the US, they couldn't make it that far anyways, but if you're going to say that these boats that were just leaving Venezuela were destined with drugs to Miami or whatever, like, yeah, I guess you could make that case. But, okay, fair enough. But now you've just removed any pretense

17:26of being about law of the sea free transit, right? Because now, by the same rules that we just lay down, if China sinks the US tanker, all I have to say is we suspected them of smuggling something. We suspected them of something. So at the same time, we're sending worships through the straight of Taiwan or we're, we're patrolling the South China Sea in order for freedom of navigation. We're doing things to dismantle that. And so we're watching kind of the, the falling apart of this idea of the idea of like, we're here to police the world. That held when we were, when the laws and the rules that we were enforcing, i.e., law of the sea, i.e., democracy building, you know, we want you to over, let's overdo this dictator so you can build your own fledgling democracy. Like, as we watched that the world is watching and realizing you didn't actually mean any of that, you don't care about freedom of navigation because you just sunk a bunch of boats without even giving them a warning, telling them to turn around. So we're watching these things play out that it's like, you know, there is a lot of people in America

18:28that would celebrate watching those boats get smoked. And I get that, like, if they're actually drug runners, I get the excitement of like, yeah, we just smoke some boats. But at the same time, we don't get to cry foul when China syncs the tanker because they say that they're smoking contraband. And they do so without giving us any chance at, you know, it's like, I think, I think that we are, we are quickly losing our mantle of being the world police in the eyes of everyone else who's seeing that we're not playing by the rules we're putting in force. And this disaster in Iran that's gonna get, I think is gonna escalate. I hope I'm wrong, but I feel like this is gonna be this ends when we can see defeat and high-tail it out of there with hopefully a reduced number of casualties. But like, they're shelling our base. I mean, like sent-com headquarters in Bahrain is now just useless because they've been shelling. Like, guys go to Bahrain and you're like, yeah, I'm not deploying. We had a guy from our church that was gonna go to Bahrain. He was a hero mechanic, but it's like, the death that he was in, he's like, it's gonna be chill.

19:29I'm just gonna be in a hotel in Bahrain. Like, Bahrain's not gonna get hit. You know, that's like a fleet headquarters. You know, well, now they're all in bunkers. They are, they're a Winchester on, they can't defend against the missiles that are still coming in. It's like, what are we doing, guys? There's no plan for this. So all that to say, sorry, I'm getting heated because the fact that we lost another six dude yesterday, I mean, that pisses me off. The fact that there's no plan. Like, what is the angle here? Okay, we assassinated 90 of their religious leaders. Now we've just infuriated them and they have 31 autonomous militaries that are all gonna be like, they have every rainbow fight. And why would they stop fighting? Because we've, we just, they would never, they have no reason to stop fighting. We have a reason to stop fighting. It's because we don't give a shit. As a people, living our lives in America, what's happening with hijabs in Iran? Like, we don't care about the color revolution happening over there where we shouldn't. It's like, this is not our war. Ah, dude, infuriating. And those stuff, the family is like, how do you, how's Trump gonna face those six families that had no, like, that sucks, man, it sucks. Like, I, you know, you might know these guys.

20:31We don't know as of now. We don't know. We might know. I mean, I know, I know dudes have gone down in heels. I know dudes have gone down on planes. It hurts when you know them. But this one I feel like is gonna be particularly hard to wrap your mind around in stomach when we can see defeat and realize we had no plan in any of this. Anyways, yeah. And, and I hope you're right that, you know, because the poll numbers is something that Trump has always cared about. And this is not a popular operation or war. People's eyes are being open to a lot of stuff going on. In some ways, we can, in a lot of ways, we can be thankful to Elon for buying Twitter for that because it's the only place that you can get alternative viewpoints. Everything else has been suppressed from the American people for whatever. Yeah, so I think that the fact that this is so unpopular and it's gonna destroy his legacy. It's gonna destroy the midterms for him. I mean, look what he's trying to do with Thomas Massey, like the only good congressman that I know of.

21:31There might be others, but he's probably the best one out there. Was that Rand Paul as a senator? Beyond the congressional side, it's like you got a list of one or two and Tom Massey is at the top of it. And he's, you know, he's with the stuff to Trump once, what probably 95% of the time. Yeah, but when he stands strong physically and stands against stupid wars, he needs to be thrown out and they want a primarium and spend a lot of money doing so and I don't think it's gonna work. I think that that will be, we'll see how the midterms go with him. I think if he wins, that tells you a lot about what the American people really want and how much of the veil has been lifted. And it's like there was a Sean Ryan episode with a, I can't remember the priest's name, they were a week or two ago and they were talking about that. And I agree with Sean, he's like, it's fricking scary. Like as this veil gets lifted and people realize just how demonic the elite are and how awful

22:32and how controlled they are, like what happens? And you know, the priest came back and said and he's like, the worst thing is gonna be because all these people crave his power. And when you, if the people try to take that away from them, it could get really ugly, really fast. So it's like, I'm hoping that more and more people wake up to all the things you just said and I think a lot more people are noticing. But it can make, it can make our lives a lot worse. It's a, it's a crazy time, man. I don't, I can't think of any time in my life that the world has looked like this. This has been the one, like this, this effort to me in the last five, six years ago, I would have been all for this. I would have been like, yeah, smoke those gunboats, those guys had it coming, you know, oh, we gotta get that brutal dictator in Iran, we gotta get rid of him. It's like, well, we went through a COVID lockdown and that's, I would, I would say every, every police officer, every governor, every congressman, every person in a position of power who enforce COVID mandates should go jump off the Coronado bridge.

23:33Like I, I think what you did, it was just as treacherous as any, as anything I can imagine. I mean, apart from what's in the Epstein file, which you same people are doing, right? And, and like in the background of all this, there's still dumping troves and troves of documents proving that every one of these people is deeply involved in probably child rape, right? Like it's, it's unbelievable. And people aren't batting an eye because we're, you know, we just got rid of this dictator who is never, it's like the, the, the mind rot you have to have to still be thinking that like these people are on different sides, especially, and the fact like we got to just, we just got to recognize like no one is gonna get held accountable for a single thing in the Epstein files and they're all in it. They're all in them. And they're all doing horrific things. And it's like the Trump is, is, is, is trying to primary Thomas Massey while aligning himself with just this, that degenerate Neocon homosexual Lindsey Graham, who's been desperate for war with Iran for, for 30 years. Like Iran's been two weeks away from building a new

24:34for 30 years and, and like that, that degenerate is just bloodthirsty. And he, I mean, he's got to have just the most eraging war erection ever right now. And it's like, how is Trump aligning with Lindsey Graham? Who hates his guts and will turn on him the second, the second that he's like, why am I listening to real estate developers trying to negotiate a peace settlement with a nation that whose existence is being threatened, right? Like they view this, whether, whether we agree or not, like they view this as an existential threat, which I would argue is pretty reasonable. If you have two cares, strike groups in the largest Armada ever massed, large military force, ever said, I'd imagine like, it's, you have to concede to them that they probably feel fairly threatened right now, whether that's justified or not. I don't, you know, like even if you're trying to give, even if you're taking like the most neocon perspective on it, you've got to, you've got to say, yeah, I would imagine that they, they, we just assassinated 90 of their religious leaders, not, not military leaders, not political leaders, religious leaders, that matters to people, not to these degenerates and power,

25:36not to the globalist religion, doesn't matter, apart from satanism, but like it matters to people, right? You might not agree with Islam, but it matters to them, right? They're very passionate about that. We just assassinated 90 of their religious leaders. And the one person now who's the son of, of the, of the, the Ayatollah, they've, they've appointed him but he hasn't made any public appearances. So theoretically, I guess the way out for Trump is if this, if this, I can't pronounce, Mashahta, Majota, Majaba, whatever. But, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, theoretically from why understanding he could put Major Ktheor�tovid on this thing. If he issues in order to stand down, it he could stand down, but it doesn't seem like that's going to happen because his whole family was just killed. So like that, the, this, this, this cats out of the bag and they were not ready for it, and honestly, yeah, I think I paid my, while I, the last, last thing is this funny, what you say about that is I remember, yeah,

26:37flying out of Qatar for Iraq missions, especially when, when, and I mean, even for Afghanistan missions, we'd fly there. We'd fly either east or northwest, you know, to those two countries for, for the stupid campaigns of the 2000s that we were doing. And remember talking to the one Intel guy and, and usually, I never know where they stand, but I was just like, we'd always get briefed on like the threat rings going up, up the Persian Gulf there along Iran and then like, along the Iranian border and everything. And, and that was always like a talk of like the threat of Iran. And I was, and, and they want to build nukes. And we've been talking about that for decades and decades. And, and I remember saying to the one in the one Intel brief that you would do as a crew before you step. And I was like, so imagine your Iran. And the only country that has ever used a nuclear weapon on human beings is has just destroyed obliterated the nation to your east. They've obliterated the nation to your west. Now they're bombing Syria. Then they went over a little farther west into Africa and they destroyed Libya and got rid of their dictator.

27:42They're positioned to the northwest and Turkey where they're friends with. They're positioned to the south in UAE. They're positioned to the south in Bahrain. They're positioned to the south in Qatar. They're friends with Saudi Arabia who's more or less your mortal enemy as far as the Muslim Sunni and Shiite and everything goes. And you've watched them destroy every country around you and they have military bases all the way around you. Would you want a nuke? Because the only people we haven't messed with is Pakistan. Guess what they have. Yeah. Yeah. And this is like it's like when you actually put yourselves in their positions and I'm not saying Iran is good and I'm not saying I'm on the side of Iran. But I don't blame them. Like our nation did that to all those countries. No other country. Russia didn't do that. China didn't do that. All the evil axes of power supposedly like we are stationed all the way around them and we've obliterated five countries in their, you know, a baseball throw away from them. Yeah. And that we agree or don't agree with or like support or don't support. I mean, it's a relevant that you Brian and me

28:46Hans agree with what Iran does. Like that's irrelevant to everyone in the world. Like not even my wife cares my opinion on Iran, right? And so it's like there's it's not even it's not even like do we agree or not? It doesn't matter if we agree. If you're listening, it doesn't matter if you agree with what Iran does or what or if you don't agree. Because objectively, if you just have to you have to try to like think through when you're when you're trying to make your own decision as to support or not support an effort like this, that point you just made is irrefutable. You know, you is it understandable that they are going to view this as an existential as a threat to their existence and they're going to fight to the death because especially knowing we have no appetite for this war because nobody on those ships over there has like lost people to Iran. You know, it's like we don't have that emotional attachment. They're fighting for their homeland. And even if you don't agree with their policies, you don't have to agree with their religion, but people will fight for their homeland. And that's 90 million people with a 2500 year old culture. The one culture

29:47that resisted like they still have their own language. So like even though like when Islam spread through the Middle East, they still maintain their own language. They speak they speak their own language. They're like they they're a 25 year old proud long standing culture 10 times longer than we as a nation. I love our nation or I agree with our nation more like I'm I'm married to yet. But like we got to understand what they're fighting for versus what we're fighting for. And I can't find a single thing that we're fighting for. And I can make I can make I can steal man their position and make a long list of things they are fighting for from their perspective most likely. And I'm nobody ever take the people that love this like refused ever. They always look at it for an American lens. Yeah, they never they're they're unwilling to look at it from that Iranian lens. And I think you have to if you're going to analyze their actions, our actions, the actions of the nations around them. Like you can't you can't just look at it from one perspective. You can't look at anything from one perspective. You know, it's like we're we're

30:48told that all the time. But we don't do that when it comes to this country. But in any rate, I just think this war is an absolute disaster. And we should probably talk about things we can control. Yes, 30 minutes in. We can't control that. Yeah, we can't control that. But we can I mean, and this is like this is a great example. So you have had a rate of control over your life and your involvement with the the Air National Guard, you've had an extreme degree of control. Like I mentioned at the beginning at the opening of this, you could say, I don't want to go on this trip. I don't want to go on this deployment. I'm going to drop retirement paperwork. If you don't take me off of there, right? You had a lot of control. And now you're in a situation where you lost that question. You have no control. You have to go. If they send you if they send you overseas somewhere, hopefully we don't like lose more planes. But right now, like there's no, you know, if there's nowhere to park you right now, because all of our aircraft are over there. Well, hopefully we don't

31:50keep having parking spots opening up because of these, you know, mishaps. But you have no control over if you're going to go or not. And how long? And so we're as a business or trying to get, you know, how are we going to keep this podcast going? I'm on board. I've been onboarding over the last couple of weeks, the clients that you were working with that hadn't gone through the full process yet. And so you have very little control right now over that element of your life. And so we want to talk about this idea of rate of control. So where did you hear that from? Let's give credit to to our boy. Let's give credit to Nate Dean. We had a discussion with him. I'd be seeing your cash flow legends podcast, good, do to Texas. Yep. Yeah. Yeah. So concepts on the live concepts. Yep. So him and Brandon Goswick, something that he said that they've been talking about it just it really, it was, it was a great, great statement is when the rate of return discussion comes up, which we've talked at about ad nauseam. You know, he said, he said, I'm sorry. Like we don't, we don't focus on rate of return and what we do. And they're similarly situated to us. What we want to talk about

32:54is what your rate of control and what your rate of efficiency of your money, not what not always what your rate of return. And that was just such a great phrase that I'm going to swipe from him. What is your rate of control when it comes to your financial life? Yeah. Yeah, that's huge. I just did a call with with the client who is in underwriting now. We're going to move forward this policy. And we were talking, he liked me likes to get into the weeds. And so we're talking through some, you know, one of the questions was, okay, well, how would I compare? I was going to work with this company potentially. But I think I like this, I like Lafayette. I like this illustration I'm seeing. But my question is about the dividend rate. So this other company, if they have a higher dividend, would that be better off? What, how would I compare, you know, if Lafayette has a higher interest rate than this other company is my arbitrage going to be there. And we're getting really technical on this rate of return question interest rate that I'm paying on my policy loan versus the dividend rate. And so we talked about your dividend rate. It's not something you can

33:57compare across companies, right? It could be a gross dividend. Effectively, that's a marketing tactic between companies. That's all smoke and mirrors, right? Smoke and mirrors. Yeah. And you know, it's not like, it's not like, you know, if you have $100,000 and you get a 6% return, we know that's $6,000. It's not like that. If you have $100,000 of, say, cash value, and the company declares a 6% dividend, does not mean your dividend is going to be $6,000. There's the contribution principle. There's all these factors that go in. And it's not something that you can really measure. But what I said was, here's why I don't care what the interest rate is. And I don't care what the dividend rate is. And I'm not trying to make this arbitrage play where I'm only going to take a loan from this company if my dividend is higher than my loan interest rate. Like, there's a lot of ways you could slice this. But at the end of the day, here's how I'm actually using my policy. And here's what I'm not doing. I'm not checking my dividend. And I'm not checking my dividend, comparing it to my illustration to see if it was higher or lower. And I'm not checking my dividend interest or my policy of an interest rate in relation to my

34:58dividend percentage. I'm doing zero of those things. Because what I value is control. The policy loan I have outstanding that I've used to acquire different investment assets. I'm like I've said before in a couple of recent episodes, I'm making that interest only for myself. I'm paying back the interest, but I'm maintaining the principle. The reason I'm doing that is because I value those dollars being out working. They're working for me in the policy, but they're also out earning for me. And I want to be able to control that principle. I'm not currently paying down that principle. And so that control of being able to just pay the interest on the policy loan to me is worth more than maybe I could go out in the market and find a loan with a better rate. Like, I don't care about that. It's about a rate of control. That's such a powerful concept and a flip on how you think through it. Yeah, it really is. And I'm doing the same sort of thing with me because I've got multiple policy

35:59loans from multiple companies. And actually, I do look at the interest rate on the policy loans because I've just laid them out. And all I'm doing at this point in time actually is focusing on just paying them down based on those interest rates for the different companies that I have loans with. And I'm just plowing all into one. And to the point that I'm even letting the interest from the other loans roll in because I'm paying that equivalent amount off on the higher one. And then when it hits a certain point, we're just going to cost me a little less. I'll start paying on another one to reduce the actual interest cost of my life. I don't even care what the interest rate and like you said, what the dividend is. And by the way, like, just if you're curious because he talked about the expenses there, you have the gross dividend rate and the net dividend rate. And that's why it's smoke and mirrors because they publish the gross. And then they deduct three main areas. They deduct the mortality expenses, the commissions paid, and the net operating expenses of the company from that huge gross dividend, which they give a percentage on. And they give you what's left. And they never publish

37:02the net dividend, which is what you actually receive. So one company could say it's a six per or offering a six percent dividend. If you had a hundred thousand dollars and two companies, this company could say we have a six percent dividend. The company next to it has a five percent dividend and you get a higher payout from the one that published a lower rate, the five percent, because they had better expenses. They were more efficiently run. So it doesn't make a difference and it doesn't really tell the whole story on what you see on the list out there. But anyway, yeah. So having that control, I'm able to optimize the paydown structure of the four policies of our 11 that I have policy loans against and just look at like, hey, what's this one costing me this year? Because those are variable rates. I'm just going to pay that one. I'll let the interest rate on the other ones roll into the loan because I'm going to come back and focus on those at some other time. Now my net interest paid across all four is much lower because I'm focusing in a smart place, but I have the control. I had the complete control on how I do that and how I make

38:04it work best for my household economy. And that's such a powerful thing that you wouldn't have anywhere else. Anywhere else I would just be making payments across the board, probably min payments across the board because there's four of them and they're pretty large loans. Now I can flush all that into one and not even worry about the others that you can't get that control in any other system I know of and that money is working for me. Like you said, yeah, and that's that's for the challenge of actually quantifying the the value of a policy. I know that Caleb Williams is working on a tool and he's talked about it a lot on his podcast where he's trying to actually say how do we put a dollar amount on these these rights and these benefits in the policy? Because obviously obviously if you look at your internal rate of return on the policy or your divot your total dividends relative to your cost basis, like you can make like numbers are easy to measure, right? But what about the fact that your death benefits tax-free? Well, we can kind of measure that because we could say how much money would you need in an investment account that's taxable to come out with the same, you know, post tax payout that you're going to get from this tax-free death benefit?

39:08Maybe maybe a million dollars of death benefit you might need 1.3 of an investment account, right? But then beyond that, like the numbers are easy there, but then okay, well, how is it going to pass through probate? Are you going to receive all of those? Do you have to take distributions or can you pass the whole thing? When do they take those distributions? Like there's so many, there's so many nuances to it that it's hard to really quantify. How do you quantify peace of mind? Like if everything fell apart and I had no income, my family is sustainable for multiple years without me making a single payment. I have multiple years of cash value in our expenses. So how do you how do you put how do you quantify that peace of mind? No where else could I access this money and sit on my hands for multiple years, make zero payments and zero income and be okay? Now, if I fell apart, of course, I'd find a way to make some income and and stretch that out even longer, even if my income drastically dropped. But there's nowhere else I can do that. Like there's so many aspects to this that you can't quantify. You know, how do you quantify the ability, the great

40:13example that a lot of people have even talked about. They love the example when I bought that property because it's a good one. It's and it's so outside of what everybody talks about. Everybody's always talking about turning your policies to either buy, you know, things you need like cars or to to make more money. And it was just like, I I I expanded the land behind my house and prevented five houses from being built because I'd access to capital. I can't put a dollar symbol on that. And I couldn't have done it with a 401k $50,000 loan. Right. Yeah. So there's there's a lot of aspects. And I kind of cut you off there. I apologize. But I hope you retain that thought. Yeah. Well, it was essentially I was going to say, you know, you said, how can you put a price tag on peace of mind? I was going to say, how can you put a price tag on control? And so let's take an example where we're going to strip away whatever investment returns I'm making on my policy loan. We're not going to even make that comparison. We're just going to say try to isolate it to the value of control. We're going to say, we're going to go to the example we talk about in policy

41:15loans, where it's not an investment, but you're financing an expense. And you've done you've done you've ran all the calculations, whatever you've talked about your opportunity costs. I don't have a better opportunity cost for this money. So I'm actually going to use a policy loan for this car purchase. Right. And now I'm going to control the note. I'm going to pay off the car and cash at the dealership, but I'm going to have the policy loan. Right. However you got there, you decided it's optimal for you to finance this vehicle. And you have two options. And one of them is the policy loan and one of them is financing with the dealership or Navy Federal or whoever. Each of them, you assign yourself a thousand dollar a month repayment. You have a or you would have a thousand dollar a month repayment to Navy Fed. You, you know, you don't have to make this loan repayment, but you choose to. And so in both of these two parallel scenarios, you're paying a thousand dollars a month. Now, something happens to your income. You get laid off. We have another COVID hoax, something like that. Right. You're not making income right now. In one scenario where you're paying Navy Fed a thousand dollars a month, what options do you have? Well, none. You could

42:16sell the car. You could default on the note. You could ask them if they'll give you forgiveness. Maybe you can hope that there's some kind of equivalent to the COVID rent forgiveness or something like that. Very likely that's not going to be the case. You don't have any options. What are your options if you took the other path where you're on the policy loan? Well, you could just stop paying the policy loan, right? We're always going to caveat and say you should be a good banker, pay back your loans. But how do you put a price tag on the ability to cut out a thousand dollar expense in your budget, i.e. repaying this policy loan when things get tight? Say, say, just pause for a year and reallocate that thousand dollars to food or whatever. Like, can you put a price on what that's worth in that scenario, like that hypothetical scenario? You might not go into that decision planning to not pay. You go in planning to pay a thousand dollars a month. But when something happens, how much is it worth it to you? So what if now what if your rates were different? That was the example of an even rate. What if you had to pay eight hundred dollars a month because you got a four percent

43:16loan with Navy Fed and you choose to give yourself a thousand dollars a month payment to the insurance company because you have a six percent loan there? Well, clearly, if you're just looking at what has a better loan rate, you would say, well, I go the four percent versus the six percent. But how much of do you value the control? How much do you value the ability to say? Because again, I'm saying a thousand dollar payment, but you don't have to pay it. So you could make it an eight hundred dollar payment. You have the full flexibility. You can make this eight hundred dollar payment if you want to to match what you would pay the dealership. But if you choose to make it a thousand or you choose to make it eight hundred, it doesn't matter. Like if something happens and you want to pause your payments, how much is that control worth to you? I prefer that rate of control, which again, I think rate of control is a better term than trying to put a dollar amount. And I know there's that effort to put the dollar amount on it because everyone is analyzing and scrutinizing this dollar for dollar on every metric. It's like, well, how does this dollar compare to this dollar? How does this dollar or this dollar? Well, let's let's talk about rate here. And instead of I'm not going to say that being able to

44:19pause payments if I need to is worth, you know, 10% of my payment, what I like, I can't put a dollar on that. But that rate of control, that variable of control is to me more important than a percentage or two arbitrage difference. I agree. And we completely get that, well, not completely, but we get a massive amount of control there. We get a high rate of control when it comes to our IBC policies. But even if you think further, if you reach back to our episode, I wish I knew the number off top my head with George Harrison. Harrison George, sorry, not the musician. Harrison George. Big names from C of G. Borgage, who does the all in one loans. And I did one of those all in one loans. And the reason it was the exact same reason. So I'm focusing on that everywhere. So it is a higher interest rate than I could have gotten a VA loaner or probably a commercial or, you know, conventional loan somewhere. But because I use that in like a velocity banking scenario where I'm

45:20putting, I'm dumping all of my income into it, paying it down more quickly and then writing my expenses back out of it. So it's an always fluctuating principle balance of my mortgage. But what does that give me? That gives me a massive amount of control because the only thing they charge. So if I have a $200,000 window between the cap of my of my line of credit and where the current mortgage balance is, you know, factory and I don't know whatever it is, six something percent on my on my mortgage, that's all they're going to charge. So if I stopped flowing my money into it and stopped writing my bills out of it and went back to the local bank, PNC bank and sort of flowing all my money there and just left that $200,000 window, it would just tack on the couple thousand dollars of interest every single month. I wouldn't lose my house. It's like the same example I get I gave before. If all else fails, I could do nothing for years because I've paid down enough of that principle and not lose my house. So I pay a higher interest rate on my home

46:22than I would have had to, but I have complete control of how fast it gets paid off, how I get the money out of it and the freedom of not being beholden to the bank as long as I'm not up against the cap. Now, of course, if I let that run all the way out and I line a credit ran on a room, they're going to take the house. That's everybody knows that's part of the risk. I don't have a 100% control, but I probably have 90% more control than I would with a conventional bank or a conventional mortgage. So this and the idea of that control, you can integrate into all these different financial aspects of your life versus what is the typical advice? Get a, well, if we go to Dave, we're gonna get a 15 year mortgage or a 30 year mortgage. If we go to the 401k, like always max max out your 401k where you have access to as far as I know, I know that because I know the TSP rules, $50,000 that you can pay a three year term on or whatever the number of years is that it doesn't even matter. You don't have control of that money. You don't have control of how that money is invested. So I like having the money in a place that I know gives me peace, security,

47:27opportunity, and usage and efficiency whenever I want it and efficiency and how I use it. Right. And that's a, when you said that, yeah, if you just let this thing go forever, there could be a scenario where you, they take your house, right? We're not saying, they're not like hitching this as this kind of miracle, you know, solution here. Like this is, it's just, it's just a fine, whether we're talking about the 401 mortgage, whether we're talking about understanding and using a policy alone, like it's, it's just an asset with rights to access, right? It's just an asset. And so it, what matters is your behavior more than the policy structure, right? We could write to the perfect policy. And then if you don't fund the PUA rider, it doesn't get the return, like it doesn't get the numbers you were hoping for, like your behavior matters way more than the policy and how it's constructed. However, we want to set up with the optimal tools for control. And what are we doing this for down the road? What is, why, why does any of this

48:28matters? Because one day we want to be in a situation where we are in full control of our capital and don't have to depend on anyone else for anything. And why do we want money? Because we want to facilitate the things of our life. And so all of this is an effort to gradually one degree at a time, take back control. We say, stop being a passenger like this motto of our company, right? We have our unofficial model in the secret stash, which by the way, we have a merch store. If anybody wants to get the best look and swag out there, shop. remnantfinance.com. Well, we've got on a lot of that merch. We've got our motto stop being a passenger. We say that all the time. I mean, we haven't said in a while, but it's on all of our stuff. That idea is like, you're not along for the ride. If fathers, you are the, you need to be the CFO of your family. You need to be the one making these decisions because we don't, we don't outsource this like your knowledge on policies. Like you're not going to probably reach Brian and I's level on a whole life insurance mechanics. And you don't need to, but you need to understand what you have. And you need to know how to ask questions to ask us and we'll help you. We're not going to reach Neil,

49:32Neil McSpatton's level, our tax guy. We're not going to reach his level on taxes, but we need to at least understand how to, what we have and how to write, ask the right questions and know that we're taking back control. And if you're, if you're in the real estate business, I'm never going to know as much about real estate as you like, you're going to have your specialty, but you should be the CFO and bringing all these pieces together for your family because no one cares about your family and their finances. No one cares about your sons and daughters futures more than you do. And so we need to stop outsourcing this. And this is an area, this rate of, it's rate of control, taking back control of degree at a time. That is a, that is a continuous focus and a continuous process that we can all do. And understanding a policy loan is a great, is a great way to take back a few degrees of control when you're making your next lending decision. Or if you need credit, that's a, that's a great tool to have. That's a great thing to have access to and to understand when you're making that decision. Does it mean it's always going to take a policy loan? No. I'm financing a car with a dealership right now because it made more sense than burning through

50:33my, my available policy loan because I would rather invest that, right? And I don't want to also save up cash and burn that cash because I want that cash to be invested or I want that cash to be in a policy. So it's like, it's not, it's not like this panacea one size fits all. You're always just going to take a policy loan and it's always going to be superior. And it's just going to be free money. Like you could, you could get a policy mismanagement and hurt yourself and find yourself worse off. Our goal is the education so that doesn't happen. But it's all about taking one step closer to understanding what you have and increasing your rate of control. It's so it's, that is the primary thing over dollar return. Like control your standing. I think so too. And, and you know, what you said is whenever you have, you have the capital that you could have financed that vehicle yourself, but you chose not to because whoever has control of the capital makes the rules on that. It's the golden rule. So you are, you are still the banker. You are still in control of that because if, if you had to, you could swipe a check tomorrow and

51:35take it over. And that's the important part is that you can still control the equation. You didn't in a way that was optimal for your current situation. So the, yeah, and it's a perfect example because what we teach here isn't something you have to always do. You don't have to. Now, there's the philosophical argument of getting out of the banks because of it's one of the most evil institutions probably in the world and, and not doing business with them. And that was a philosophical stance of Nelson. And in many ways, I agree with it, but the banking, the banking function and the banking world is going to go on. Like, we're not going to defeat what exists out there. And if you can do it better for your family, you're in control of that function and you should take control of it. And that makes me think of something else that he always said is every man should be in two businesses. The one he earns a living in and uses to pay for the things he does for life and the banking business. And he said of the two, banking is more important. How do you finance the things of your life? How do you flow? How do you keep control?

52:37What is your rate of control of your money? And if you're not controlling it, if everybody else has control of it. And believe me, they do. The mortgage company has control of your life. The car company has control of your life. The tax man has control of your life. The credit card man has control of your life. Everything that you're flowing money out without you being able to take control of is you giving that up to somebody else. You are a slave to that institution. And so the whole idea here of IVBC is really freeing yourself from all of that institutional graft and taking control of being able to do it under your own terms for your own family's benefit. There's our friends, Dave and Paul, their podcast is wealth warehouse and they have a slogan that I think is really good. And they say at the end of every episode, control your capital or someone else will. And so we've had clients, we've had a calls with clients who became clients or

53:40prospective clients who became clients and have policies now. And they are implementing these strategies we talk about. They're trying to become their own banker, whatever you want to call it, they're trying to take back some control. And we have clients who said this isn't for me. Those people that said this isn't for me are still someone's still controlling their capital. And hopefully it's still them. Hopefully it's them through other means than the strategies we talk about. But someone is controlling their capital, whether it's them or somebody else. Those people, there's another, it's the wealth wise podcast. And they say, I'm going to butcher. I was trying to remember what it was, but it's basically like they're kind of catchphrases. You're already in the banking business. You just don't know it yet. It's very close to that thing. And so everyone, whether you've gotten a policy with us, gotten a policy with someone else, vetted the idea and turned it down or never even thought about this before. Maybe you just stumbled across our podcasts because you just look for, you just look for like financial podcasts or something. I don't know. But you are in the banking business and you are like the role you should be, you know, you are in

54:45the seat of CFO for your family. It's just do you, do you have someone fully outsourced doing that? Like are you a shell in that role? Or are you doing it? And someone is making a lot of money off of the banking function in your life. And we want that to be us as boss. Yeah. If you're you're in the banking business, the real question is, are you the person making the banker rich? Or are you acting as the banker, letting your own money, not not not in such a way that other people are necessarily now they can be if you do loans, but other people aren't paying you for the banking function, but you're controlling it for your own local economy. So you are the benefactor as the banker or are you just the customer? You can be both at the same time. And that's the point. As the customer, you're always making them rich. You can be your own customer helping make your own family richer. I'm going to think it through the analogy. Like as you're talking, I'm just thinking like the moody family bank exists, whether you're doing this or not, whether you have any policies or any thoughts on control, the moody family bank exists. And I would

55:46say this is not fully fleshed out idea, but like if you're not thinking about this and you've outsourced all of this, this control and understanding, rather than being a customer at the moody family bank, I'd say you're like a bank teller. Like you just someone hands you money and you hand it out to the people that come in and man, right? You're the teller. Like you're in a transactional role. Money comes in and money goes out. But what we want is you to be upstairs in the office overlooking in control. And I want all of like the reason I'm not using my cash value for a policy loan to pay this car off right now is because I want all the like I'm a slave owner, right? I'm my stock. I come from John C. Cahoon, the guy who wrote South Carolina papers, which declared, which came up with the idea for the South to succeed. So I come from a line of slave owners historically. I'm a slave owner today. My slaves are my dollars and they're out in the field. I don't want them. I don't want them just relaxing. Like they're doing good work in

56:46the policy, but I want them out in the field. So I'm whipping them. They're not going to stop working for me. I want them to be my tellers actually sending the money in and out, right? And I think I might be the only person to make a slavery analogy like that in the IBC world. But you might be the first. Maybe we can get you on stage next year to think tank. That was over swimmingly. But no, I want to be, you know, I want to be the I'm in control of those dollars. And so I don't want those dollars just to go and sit at a dealership because I want, you know, like the car to be paid off. Like I'd rather I know I'm going to make those payments. And maybe I will decide it's worth it to just just cut the bank out. Like I'm using them as a tool. I'm using them. I have a car in my driveway. And it's costing me the monthly payment. But in the meantime, I'm holding on to the rest of that capital. And it is out in the fields earning for me. It's not going to stop earning. I don't want to just call them in from the field and then send them away. I don't want to sell them to another slave owner. They're my slaves. I'm like a

57:48sell them. I'm like to put them on the auction block. Like they're my slaves. They're going to stay out in the field working for me. And then some of it I'll call in and I'll pay it off, right? So I don't be the bank teller in your family bank. Be the CEO of the bank. Be the person sitting in the office, managing the tellers, managing the staff, right? Because you are in the business of banking. You just, as I say, on wealth wise podcasts, you might not know it yet. I think that's what they say. But maybe maybe our new tagline has to be like, be, be a brutal slave owner. You know, we'll see all that. We'll see all that place. Yeah. Yeah. And I'm a diligence slave owner. Cash value slaves. I don't know if it's a great one. Yeah. I don't think it's enough. Even with our audience, like I feel like if you're still here, we might have turned off some people with our views at the beginning, but I kind of feel like that's becoming a lot more common that the way of thinking of like actually America first, not just saying it, but actually thinking through and meaning it. So maybe, maybe if you're still here, maybe that idea of being

58:50a financial slave owner resonates with you. But that's how I've thought about it for a while. So anyways, but rate of control. That is what matters to me more than interest rate rate of return. Yeah. Rate of control. And like Nate said, when I was talking with him today, rate of control rate of efficiency. You know, and this is the most efficient place to utilize your dollars and to get them flowing into other places where they can be more productive. You know, it's almost like leaving inheritance to your children's children. But if you think of that and some and not just not just in the human term, but like I want my I want my dollars to be creating children to create children because I want them out there working and working more and consistently compounding alongside to my family. So yeah, so how efficient can your dollars be and what control you do have over it? That's really what IBC is all about. Who controls the banking function? Who controls the flow of dollars and not of your life? Yeah. Yeah. And I think we would beat that horse to death. And in a sense, that's like that is the essence. That is the

59:55if you put why are you still beating it then? You always continue to beat a dead horse. But if you put our entire podcast transcript history into chat GPT and said summarize this podcast in one sentence, I think it would be somewhere along those lines, right? It'd be along the lines with something we said in probably the latter half of this podcast and not my not my slaveowner analogy. But something along the lines of like you are the most important thing we can we can convey is to understand and be in control. So that horse we can we can let it lie. Yeah, let's let it rot. All right. Yeah. All right. Okay. But yeah, please, especially if you agree with us, like and like share this, subscribe to the channel, please. If you didn't agree, still do those things. That way it's awesome to help with us and look forward to getting back on here hopefully soon and continuing these conversations. Yeah. And let's let's hope that if you if you see a bit of an

1:00:59absence for me, you'll understand why it's not because we parted ways. Yeah. We'll bring on some guests and I'll do some solo ones. So if you guys really love macroeconomics, you'll be excited. Most people probably won't be, but let's hope we surrender this stupid war sooner than later. So Brian doesn't have to go. Yeah. That's the hope. All right, man. Cheers. There. Thanks for listening to Remnant Finance. If you found any value at all in this episode, please subscribe, leave a review and share it with a friend. Remember, true financial freedom comes from taking control of your personal economy, breaking free from the status quo. So stop being a passenger in your family's financial future, boldly take back control of your wealth. Until next time, this is Brian and Hans signing off.