Archive for the Category: ' BARRY J. DYKE '



 

Cash Value Life Insurance: A Cornerstone Asset Of a Bank

 
 17 Nov 2010 @ 9:48 AM 

Cash Value Life Insur­ance: A Cor­ner­stone Asset Of a Bank

By Barry Dyke Novem­ber 24, 2008 Cash value life insur­ance is one of the most impor­tant assets of a bank, par­tic­u­larly America’s large banks. Banks pur­chase so much cash value life insur­ance that life insur­ance of this type has its own name BOLI (bank-owned-life-insurance). Banks own so much BOLI that the banks could be con­sid­ered life insur­ance com­pa­nies unto them­selves. Accord­ing to the Fed­eral Deposit Insur­ance Cor­po­ra­tion (FDIC) and the Gen­eral Account­ing Office (GAO), BOLI is a cor­ner­stone of a bank and one most impor­tant assets in the nation’s bank­ing and finan­cial systems.

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Posted By: Jennifer
Last Edit: 12 Feb 2011 @ 11:05 PM

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Categories: Cornerstone Asset of Banks, FINANCIAL EDUCATION 101
 

Medical Economics — The Case for Investing in Life Insurance

 
 25 Aug 2010 @ 9:43 PM 
June 19, 2009

The case for invest­ing in life insurance

By Barry James Dyke

Now could be the right time to invest in your own health.
Two years ago, pres­i­den­tial can­di­date John McCain secured ini­tial cam­paign financ­ing by using his $3 mil­lion life insur­ance pol­icy as collateral.
In 1980, Doris Christo­pher used a life insur­ance loan to launch her strug­gling kitchen gad­get com­pany. In 2002, she sold that com­pany — the Pam­pered Chef — to War­ren Buf­fett for a reported $900 mil­lion. Even in the midst of the Great Depres­sion, J.C. Pen­ney used a loan against his $3 mil­lion life insur­ance pol­icy to resus­ci­tate his retail stores after the 1929 crash. By this point in our nation’s reces­sion, it is clear that there is no such thing as a per­fect invest­ment strat­egy. As the Dow Jones Indus­trial Aver­age sits at about 65 per­cent of its value from 18 months ago, now is an ideal time to learn about the proven ben­e­fits, strengths, and ver­sa­til­ity of life insur­ance and annu­ity invest­ing. IF IT’S GOOD ENOUGH FOR BANKERS …

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Posted By: Jennifer
Last Edit: 17 Sep 2010 @ 10:51 AM

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Categories: Benefits of Permanent Insurance, FINANCIAL EDUCATION 101, Medical Economics
 

Pirates of Manhatten Author reveals Suze Orman

 
 22 Aug 2010 @ 11:02 PM 

 

Author of Pirates of Man­hat­tan, Barry James Dyke reveals his research on what Suze Orman’s employ­ers actu­ally do — Whole Life or Term. “This is an eye open­ing book. It has fas­ci­nat­ing insight to the cor­rupt prac­tices of cer­tain finan­cial insti­tu­tions in Amer­ica. Amer­i­cans will be much bet­ter off when they read this book. It is an excel­lent source of infor­ma­tion as to what is really going on in the finan­cial world.” —  Con­gress­man Ron Paul

Click here to view video

 

Suzie Orman says she hates Whole Life Insur­ance and rec­om­mends to her lis­ten­ers to buy Term and invest the difference.

Do Suzie Orman’s employ­ers take her advice in regards to buy­ing Term Life Insur­ance rather than the cash value whole life she hates so much? It seems Suzie Orman’s employ­ers do not take her advice. Because they know better.

Suzie Orman has some employ­ers that back her. One is TD Amer­i­Trade owned by Toronto Domin­ion Corp. She signed with them in Jan 2007. TD Amer­i­Trade also spon­sors Jim Cramer’s Mad Money. TDC owns 100% of  TD Bank North, who own $845 mil­lion High Cash Value Life Insur­ance.  They (TD Bank North) also own the Boston Gar­den. They have more invested in life insur­ance than in the Boston Garden.

Suzies employer CNBC is owned by Gen­eral Elec­tric Cor­po­ra­tion. Barry Dyke shows in the video above that he obtained their proxy state­ment filed with the FCC. It shows that:

GE’s CEO pays $122 thou­sand dol­lars annu­ally of cash value whole life insur­ance premium.

The CFO pays a pre­mium of $62,000 annually.

A Vice Chair­man of GE pays pre­mi­ums of $105 thou­sand annually.

Another vice chair­man of GE pays $79,000 per year and

head of NBC uni­ver­sal pays a $506,000 annual pre­mium into cash value whole life insur­ance. Read more in Barry Dyke’s book — see below.

Jay Leno Plugs Barry Dyke’s “Pirates of Manhattan”

This arti­cle has been removed. Gee, I won­der why? Feb­ru­ary 13, 2009 The Tonight Show host Jay Leno recently stated that author “Barry Dyke called it!”. Leno is refer­ring to the fact that Barry Dyke pre­dicted a major col­lapse of the U.S. finan­cial sys­tem in June 2007 way before every­one else when “The Pirates of Man­hat­tan” was first published….”

Inter­view with Barry Dyke on The Wealth Channel.

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Posted By: Jennifer
Last Edit: 06 Mar 2012 @ 07:38 PM

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Categories: BOOK RECOMMENDATIONS, Dyke - Whole Life vs Term, FINANCIAL EDUCATION 101, Pirates of Manhattan, Pirates of Manhatten, VIDEOS
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