Join host John Rush as he explores the complex web of taxation and financial freedom with author Mark Kwan. As they dissect the flaws in current governmental structures and propose efficient strategies to navigate through financial systems, the conversation promises to be an eye-opener for anyone keen on securing their financial future. The episode offers practical advice and explores the influence of policy changes on personal financial planning.
SPEAKER 17 :
This is Rush to Reason. You are going to shut your damn yapper and listen for a change because I got you pegged, sweetheart. You want to take the easy way out because you’re scared. And you’re scared because if you try and fail, there’s only you to blame. Let me break this down for you. Life is scary. Get used to it. There are no magical fixes. With your host, John Rush. My advice to you is to do what your parents did.
SPEAKER 07 :
Get a job, sir. You haven’t made everybody equal. You’ve made them the same, and there’s a big difference.
SPEAKER 14 :
Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world. You don’t know what it is, but it’s there. It is this feeling that has brought you to me.
SPEAKER 13 :
Are you crazy? Am I? Or am I so sane that you just blew your mind?
SPEAKER 08 :
It’s Rush to Reason with your host, John Rush.
SPEAKER 16 :
And we are back. Hour number two, Rush to Reason, Denver’s Afternoon Rush, KLZ 560. Mark Kwan joining us now. Be smart. Pay zero taxes. Use the buy, borrow, die strategy to get rich and stay rich. And Mark, welcome. We appreciate you joining us.
SPEAKER 18 :
Thanks for having me on, John. I really appreciate having me and I’m looking forward to talking with you guys.
SPEAKER 16 :
We got a lot to talk about. Let’s get started, though, with we’ll get into the book and some things that we can give people tips and tricks on. But how do you think President Trump may may reshape or change some of what he did a lot of that, by the way, when it comes to taxes, tax code and so on in his first term? What do you think he’s going to do this time around?
SPEAKER 18 :
I think he just needs to cut the fat. I mean, cut most of the federal government, to be honest with you. I mean, it’s just education. This education system is a failure. If something is a failure, you’ve got to change it. You can’t keep doing it and accelerating and expect it to change. He’s going to reverse some things that should have been done a long time ago, like Social Security payments to Americans. They were always promised to be tax-free by the government. Of course, the government got greedy and then started taxing them. And if you’re a middle owner, which is essentially a triple taxation policy, We definitely need no tax on tips would be awesome because And over time. So, I mean, really cut the fat. The federal government’s just too big. They’re stealing from everybody. They’re just the backdoor deals, corruption.
SPEAKER 16 :
I mean, it’s… Seeing that now, I mean, this week, I said, Mark, on Monday, because of all the hoopla going on in regards to Doge going into the Treasury and actually getting a look at the check register. Finally, by the way, I don’t know why it’s taken this long in my lifetime. I’m sure it’s ever been done in that manner. And it’s way, way, way overdue. And to your point, I’ve talked about it all week. The amount of waste. And Mark, we knew there was a lot of waste. I’m not sure most people knew that there was this much waste.
SPEAKER 18 :
No, nobody realized it was really this bad and this corrupt. I mean, I’m shocked every single day. Like, I’m like, really? Was it really that bad? And I think it’s just starting on us.
SPEAKER 16 :
And you and I, you know, you can tell by your book where you come from, much like me. I mean, I think you and I are pretty savvy on a lot of the corruption that’s already there. And I think even you and I are surprised.
SPEAKER 18 :
I’m I’m shocked every single day, like the stuff that’s happening, like literally you go, all right, the media has been bought and sold. You kind of know that. But then you literally see the payments literally been bought and sold.
SPEAKER 16 :
I mean, I’m like you. It’s like, OK, we knew this stuff was going on. I’ve talked about it on my program for a decade plus now, Mark. But to actually see the receipts, it’s like, oh, I guess I guess, you know, you know, at the end of the day, we weren’t as wackadoodly as everybody thought we were.
SPEAKER 18 :
All my conspiracies, they’re all coming true right now. It’s actually worse than I thought.
SPEAKER 14 :
It is worse.
SPEAKER 18 :
I’m just shocked every single day, and I love Doge. I’m such a huge fan of Doge. Oh, me too, me too. It’s like Christmas every single day. You ever go on the U.S. debt clock?
SPEAKER 16 :
Oh, yes. It’s bookmarked on my browser. I look at it constantly. There’s now a Doge, whatever you want to say, clock there, if you would, that’s added in.
SPEAKER 18 :
Yeah, very cool stuff.
SPEAKER 16 :
Absolutely. No, and as you can tell, yeah, I stay up on that quite often. And I’m sad to say this, Mark. There are days where I want to look at it, but then I don’t want to look at it because I know that $36.5 trillion just keeps going up and up and up. I’m hoping that with Doge now and some of what we’re doing, we’ll start to see that clock not roll up as fast. I want to see it start going the other direction.
SPEAKER 18 :
Oh, I mean, that would be amazing. That would be absolutely amazing to see that happen, but it’s going to take a while. You know what I mean? You gotta, you gotta kind of do things strategically to do this. I mean, you can’t cut everything at the same time, but this little cuts and then replace it with them. And obviously they’re going to bring a lot of jobs to the United States. which, I mean, Trump’s been talking about that since 1988 on Oprah. I mean, literally, same thing since 88. It’s not something new. It’s just, again, when you see what it really looks like and you’re going, wow.
SPEAKER 16 :
All right, so let’s talk about your book, Be Smart, Pay Zero Taxes, Use the Buy, Borrow, Die Strategy to Get Rich and Stay Rich. And again, for everybody listening, I know everybody’s in a different place in life, Mark, and I try to be very sensitive that I’m self-employed, have been since I was 22 years of age. So it’s just kind of the way I’ve always lived and done it. I’m unemployable, to be real honest with you. I don’t think I could work for anybody else. So in a lot of what I should say you’re going to talk about or that you’ve talked about and written in the book, I pretty much understand. But I will tell you, Mark, that sometimes that’s hard to – Describe to somebody that’s not in that world, am I right in my thoughts or am I overthinking it?
SPEAKER 18 :
The biggest problem with this course is the more educated a person is about finances, the more difficult it is to understand these concepts. I’ll give you a simple example. My nephews, my wife, they turned 18. What did we do? We put $2,000 in an investment account. And then we taught them the Bible or die strategy. They have no idea what it’s like. They just press buttons and create money, which if you understand the Bible or die strategy, they don’t know any different. The problem is the longer you’re educated. I mean, financial advisors don’t understand this. CPAs don’t understand this stuff. I know. I used to train them, right? So this is a very different book. There’s never been a book written about this in the history of books. This is the first one ever written about this topic, and anyone can do it. We start people with $100 in a brokerage account, and they can learn how to do it.
SPEAKER 16 :
Okay, so let’s talk through some of this, and I know, hey, everybody, go get the book if you want to know more about this, but give us the 10,000-foot view.
SPEAKER 18 :
Okay, so obviously I worked in the financial industry for a very long time. I used to train financial advisors in the inside, the outside. All of the financial industry exists for one reason. to maximize profitability to the shareholders. That’s it. So when you get financial education or a retirement account or a financial advisor, those are all terms Wall Street created to convince you of the benefits of giving all your money to Wall Street. Just the word retirement, that means that I’m going to go work hard, pay taxes, and put my money into a retirement account. The rich aren’t doing that. The rich are using a strategy called buy. They buy assets. Let’s say you just wanted to buy Amazon stock or Starbucks stock or Costco stock. You just kept buying it, and you never sold it. You would never pay taxes, correct? That’s correct, because there’s no gain on it.
SPEAKER 16 :
Correct. You didn’t realize the gain. There’s no actual realized, quote-unquote, gain.
SPEAKER 18 :
Okay. So let’s say I had $10,000 in my brokerage account, and then I could take a loan at 5% interest, a margin loan. and I could send $2,000 to my bank account, okay? Now, I’d still have the $10,000 invested. I didn’t trigger the taxes because I didn’t sell. Where did the $2,000 come from?
SPEAKER 16 :
It’s a borrow. It’s a loan. It has to be paid back, and that’s where that 5% comes in. But there’s also no gain on that, meaning no taxes due.
SPEAKER 18 :
You circumvent the tax system. You created $2,000 that didn’t exist without any worker taxes. And by the way, the loan does not need to be paid back. It’s actually paid back basically. You can run that loan forever. It’s just sitting there basically, right? It’s just sitting there. There was no money created. There’s no money created. They just press a button, create some money. There’s interest of 5%. They create it. But Take it a little step further. There’s a couple companies where you can do this. One’s Robinhood. One’s M1 Finances where you can do this. And you can literally invest money and then borrow and create money. So you can do all kinds of things. As a business owner, you can invest, invest, invest, never pay taxes, take a low interest loan, fund your business. There you go. You created a tax deduction on money that didn’t exist. Right.
SPEAKER 16 :
And this is for a lot of folks that are listening. They may understand this in the real estate world because a lot of huge real estate, not only developers, but folks just own lots of either residential or commercial real estate is essentially what they do in their world as well. It’s just done in more of a tangible way.
SPEAKER 18 :
Right. It’s just we took the thing. We spent four years on this. We ran about 300 students through this sort of beta test for this company we built. And we ran it. We took people with money, with no money, just starting out investors. They don’t know anything. We’ve proven it’s working. We had hundreds of people using this system. And then I was called by Humanix, Newsmax, and they said, could you actually write the book on this? Because we’re very interested in this topic. And then I just spent… six months, seven months writing the book and it was I got the hard copy yesterday, and the cool thing is we haven’t even, it’s about a month from the release, it’s already ranked number one on Amazon for textbooks.
SPEAKER 16 :
Nice, yeah, because we’re in that season, and I know there’s some things in my notes, and it’s just things that folks need to be looking at as they go down this path into the tax preparation end of things, and you’ve got it in my notes here, but it’s very true. Make sure that you’ve got a guide in the book, by the way, making sure you’ve got legal deductions, that you’re doing everything possible, You know, use your record-keeping abilities to the max. Make sure you’re staying organized. I mean, on and on we go, Mark. The reality is, and frankly, the reality is most don’t do this.
SPEAKER 18 :
You know what? Here’s the thing. I understand there’s all that record keeping and that sort of thing. If you just understand the tax codes, you can do things to not pay taxes. For example, just something simple. Like when you buy a home, right? You put 3% down, you buy a home. All the 97% was created without paying taxes. You create hundreds of thousands of dollars. You don’t work or pay taxes on it. It buys your home. So you just saved hundreds of thousands of dollars of taxes. Some people go, oh, put 20% down on my home. Great. You just paid massive amounts of taxes because you should have put 3% down and invest the other money. People pay up, extend an extra principal payments on their homes. It’s just literally volunteering more taxes in the future when they should be investing the money into a strategy such as Bible or die, then they, they still own the home. Now they’re investing, earning higher rates of returns, not paying taxes. And a little example, I have students that, let’s say they donate $10,000 a year to their church. Okay. They go, $10,000 a year. They’re making $100,000, like $10,000 going to the church. I’m like, invest the $10,000, press the borrow button, send the money to your bank account, donate the $10,000 to the church. Well, what did you just do? You created a tax deduction on money that didn’t exist.
SPEAKER 16 :
Right. Against the other money that you did make. That’s right.
SPEAKER 18 :
So now you have $13,000 in your investment account. You’re never going to sell it. You’re going to grow it. You created a tax credit because you created a tax deduction on money that didn’t exist. The government has to give you money back. You throw it in your investment account. You just rinse and repeat. Very powerful strategy. And I have employees that use this strategy, business owners, or middle America rich. It’s all the same. It works incredibly easy.
SPEAKER 16 :
Okay. Folks, get the book, Be Smart, Pay Zero Taxes, Use the Buy, Borrow, Die Strategy to Get Rich and Stay Rich. And I heard you say Amazon. What’s the best place for folks to buy it, Mark?
SPEAKER 18 :
It is on Amazon. Absolutely. Probably the best place is just on Amazon right now. Okay.
SPEAKER 16 :
All right, Mark, I appreciate it. And again, you’re in good company, and I hope we see a lot more coming out of Doge. Will do. Thanks, John, for your time. Thanks, Mark. Appreciate you very much. And Affordable Interest Mortgage. Speaking of mortgages, you heard him talk about it a moment ago, Mark, and there’s somebody that’s an expert when it comes to mortgages. That is Kurt Rogers. Find out what he can do for you today, 720-895-0500.
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SPEAKER 12 :
Putting reason into your afternoon drive.
SPEAKER 16 :
This is John Rush. All right. We had an old listener call in, by the way. Not old listener. An old resident of our area that was a listener, still is. Tim up in Wisconsin. Thank you for listening. And the name of that last book. For some of you that maybe didn’t get all of that, it’s by Mark Kwan, Q-U-A-N-N. Be smart, pay zero taxes, use the buy, borrow, die strategy to get rich and stay rich. And it’s just come out. In fact, we’re probably one of the first folks to interview him. So, yeah, go buy the book and check it out. And you’ll learn some things in it as we learned a moment ago from talking to Mark. Mark, but Tim, thank you for listening. We appreciate that very much. All right, question of the day yesterday. Which ancient Greek philosopher is known for his paradoxes, including Achilles and the tortoise? That would be Zeno of Elea. Zeno of Elea. Elea, Elea, probably not saying that right. Today’s impossible question. In the film The Shining. What phrase does Jack Torrance repeatedly type on his typewriter? This one I would have gotten right away. So, in the film The Shining, what phrase does Jack Torrance repeatedly type on his typewriter? Great movie, by the way. Scary movie, but a great movie. Okay, speaking of scary things, there was an article that I found. Actually, I think Joe sent me this. Jersey Joe, thank you. I think I saw this as well, but Jersey Joe sent it also. There was a federal air marshal that was jailed over a fake ATF charge that he had a silencer. And as you read through, and I read as much of this as I could, and the reason I say that is because as you read this, you just get more mad and more mad and more mad. And this is the kind of garbage that was happening under the Biden administration that I really hope, and I believe it will, change under President Trump. I think you’re already seeing some changes, by the way, DOJ. You’ll see changes, by the way, when it comes to ATF and a lot of the other three-letter agencies. But the amount of injustice that has been done under the last administration, and frankly, some of that was done under Obama as well, but literally the amount under the Any other presidency prior had as much. And I know for a lot of you on the left, you’re thinking, oh, John, you’re just a conspiracy theorist. These things really didn’t happen. And they happened under other presidents. Yeah, no, they didn’t. No, they didn’t. Not things like this. They didn’t. The false – not false raids. The raids on wrong individuals. The raids on individuals that frankly had nothing to do with that particular crime. The raids on individuals like this where they basically made stuff up and sent people to jail, to prison over them. And the amount of damage done to those particular families in this particular case, this particular air marshal, who, by the way, had been there 20 years, you know, the damaging end of things when it comes to his own career and who he is as an individual, you can’t get that stuff back. I mean, even once you’re exonerated, it’s hard to get those things back because in the back of somebody’s mind, they’re always thinking, yeah, yeah, you know, they exonerated him, but… There’s always that but at the end. In fact, even we as conservatives at times will do that with individuals that you know have been exonerated. You’re like, yeah, they exonerated him, but… And on you go. So… I anticipate – and we were talking to Dr. Kelly and Steve House. We were talking to them through the 3 o’clock hour. I anticipate that there will be a lot more of these types of stories come out where these particular individuals are – they get their own justice, I should say, and they are exonerated. But these types of stories, as I read through these, just make your blood boil. I don’t know about the rest of you, but they do mine. Because you just think, how could this happen in the first place? We’re supposed to live in a free country. Supposed to be innocent before proven guilty. How do these things even take place? Well, and I will tell you how. Because in the past, under the Biden administration, we’ve had the opposite. You’re not innocent before proven guilty. Look at Donald Trump and what they brought against him. You’re guilty. Now prove your innocence. In fact, you started to hear those in the corrupt news media who we now understand have been on the take, budgetarily speaking, from us, the taxpayer, for quite some time. And who knows how long some of this goes back. But you even started to hear the news media basically use the words, well, he needs to prove his innocence. No, no, no, no, no. That’s not how things work. That’s not how things work. It’s up to the prosecutor. Whoever has brought charges, that particular DA, they bring their prosecutor in, or sometimes a DA may even take that case on themselves, but it’s up to them to prove beyond a shadow of a doubt that that person is guilty, not the other way around. It is not up to the person to prove their innocence. And I think because, this is my opinion, because of what happened with Donald Trump, that narrative among a lot of Americans has changed, right? You’ll hear normal everyday Americans say, well, yeah, they got to prove they’re innocent about such and such. No, no, no, no, no, no, no, no, no. You’ve got this completely wrong. In the criminal justice system in the United States of America, the burden of proof relies on the prosecution, not on the defense. It is up to the prosecutor to prove beyond a shadow of a doubt that person is guilty. Bring enough evidence to prove beyond a shadow of a doubt that person is guilty. Bring enough eyewitnesses to prove beyond a shadow of a doubt that person is guilty. You see where I’m going. And I’m not a lawyer, but I know how this works. I know how the rule of law works. Now, this is the other thing that happens, even in the media. They confuse criminal with civil. And they’re not one of the same. You hear me talk about that a lot with Kevin Flesch, that he’ll either represent you or go after people criminally or civilly. And they’re two different things. Civil is where there’s just been a what somebody thinks is a wrong. Sometimes it’s not a wrong. But, you know, you could civilly sue somebody over the fact they don’t have any hair and it bothers you. The light shining off of their forehead bothers you, so you’re not going to sue them. And I’m not exaggerating when I say that. There have been those types of just stupid, frivolous cases that get brought, and those are civil cases, not criminal cases. And there is no burden of proof on whether somebody’s innocent or guilty in a civil case because you’re not going to jail in a civil case. It’s all about money. You know, a group of individuals that get a class action lawsuit, this would be civil, and they go after a particular drug company because that drug company caused, you know, whatever, some sort of complication among individuals. So they get a class action lawsuit going. And then they try to prove that, yes, indeed, that company did do those things knowingly. And then there’s usually a jury there that decides whether or not all that’s true or not. And depending upon how things go, somebody gets awarded or not at the end of the trial. And that’s how it works. That’s way different than a criminal case. Now, can you have a criminal case come out of a civil case? Yes. Can you have a civil case come out of a criminal case? Yes. But they’re not one and the same. And I think there’s a big misconception among a lot of Americans today because of the news media, by the way, and the fact that they’ve gotten a lot of these things wrong, where they literally have changed that narrative around and have made it such that most people don’t know the difference between those two, like I just said. Dan and Blackhawk, you’re next.
SPEAKER 09 :
So I’m glad you mentioned the difference between criminal and civil. Criminal is beyond a shadow of, what is it, beyond a reasonable doubt, right?
SPEAKER 15 :
Right.
SPEAKER 09 :
Right. In a civil case, it’s the preponderance of the evidence presented. In other words, you’re basically looking at the evidence, and does the evidence suggest that the person is whatever, right?
SPEAKER 16 :
wrong responsible for whatever they did wrong right crime well not even crime but wrong wrong yeah i mean typically it’s you know for example for everybody listening and dan you know some of this in in your world let’s say for example you know in the business community you may have a particular you know people sue for example over a business that doesn’t perform everything you know contractor they didn’t perform everything building the house that they were supposed to there’s some things left out you know, hanging out there in the wind, if you would. The homeowner then decides they’re going to go ahead and sue said contractor. That’s now a civil suit. And if the homeowner can prove, not even by honest shadow of a doubt, but can just prove that they’re correct and the contractor didn’t fulfill their end of the bargain, most likely a jury is going to find that guy guilty.
SPEAKER 06 :
Yeah. It’s not even guilty.
SPEAKER 16 :
You know what? Hang on. I got to take that back. It’s not even guilty. They are going to award money to that homeowner that then that contractor will have to pay. Let me say it that way.
SPEAKER 09 :
Yeah, and then it goes, so that would be, I believe that would be, Kevin would answer this better, but I believe that’s a tort case.
SPEAKER 16 :
Those are tort cases, that’s correct, yes.
SPEAKER 09 :
Yes, right, because you’ve been damaged or wronged. You’re not made whole is what they like to use.
SPEAKER 15 :
That’s right.
SPEAKER 09 :
The word whole.
SPEAKER 15 :
That’s right.
SPEAKER 09 :
So, and people, I’m not saying, but a lot of people don’t understand that concept. So you paid money for a contractor who, To build a house, you give them, say, $200,000. And your house, when it’s all said and done, they figure, well, the fair market value of the house is not $200,000, it’s $150,000. So you sue the contractor for the $50,000 that you paid them for. You should be able to build a house and have… $200,000, a house worth $200,000.
SPEAKER 16 :
And even, Dan, it could even be, well, maybe the contractor screwed the roof up or the siding’s not on correctly or he didn’t put the correct windows in that were spec’d out. I mean, it could be any number of things. And, yeah, at the end of the day, if that’s proven that that particular contractor didn’t do that correctly, then it’s awarded is what they really say. You know, there’s a judgment awarded against that contractor in favor of that particular client that hired him.
SPEAKER 09 :
Right, and they will be awarded the money to make them whole. So if they have to go and redo the windows, and let’s say they spent $20,000 to have the windows put in, but in order to replace it, it’s going to cost them $40,000, they’re going to have to make up the difference or whatever.
SPEAKER 16 :
Or pony up, depending upon the judgment, may have to pony up for the whole $40,000. This is how those cases go because what’s defined in that case, Dan, is the very things you’re talking about.
SPEAKER 09 :
So what did they do with Trump? Was that a criminal case?
SPEAKER 16 :
Some of his were criminal, some of his were civil, and it depended upon the case. And what they tried to do, what government tried to do, is make as many of them criminal as they could, even though, honestly, some of them literally were civil cases and frankly shouldn’t have ever been there. For example, the fraud case where they claimed that, you know, he defrauded the banks on the, you know, valuation of properties and so on. You know, at best, at best, I’m not even saying it was because nobody was harmed. At best, that was a civil case that they turned into a criminal case.
SPEAKER 09 :
And was it because the dollar amount? No, it’s because Alvin Bragg wanted it to be. Oh, well, right. And that’s… And then the judge they got hated him, right?
SPEAKER 16 :
That’s right. That’s exactly right. Everything was stacked against Donald Trump. Again, my main reason for talking about a lot of this, Dan, is because there’s a huge misconception, I think, now in America to where most people don’t even know the difference between civil and criminal at all, and they want to kind of combine it all into one. The other thing that I think, as I was saying earlier, that’s so messed up is people think that if you get – so, Dan, if all of a sudden you are accused of, I don’t know, murdering someone, And what people have a tendency to believe is, oh, you know, Dan’s now got to prove his innocence. No, no, no, no, no, no. The prosecution has to prove that Dan was guilty beyond a shadow of a doubt, and a jury has to agree on that as well. And if there’s any doubt whatsoever, Dan’s probably going to be acquitted. That’s how that works. Dan doesn’t have to prove his innocence.
SPEAKER 09 :
Yeah. So I was going to mention O.J. Simpson, because remember, he had the… criminal charges against him for the accusation of the murder of… If the glove doesn’t fit, you must acquit. Right. So he won that case. He was not convicted of the crime murder. However… I can’t remember. Who was the boyfriend’s family?
SPEAKER 16 :
No, the family sued him on the civil end of things. What was the name, Charlie? O.J. Simpson’s girlfriend’s family. What was that? I can’t think of it. Nicole Brown Simpson. Sorry, I had it wrong. Nicole Brown Simpson. Her family sued.
SPEAKER 09 :
Right. Right. So they ended up winning the civil case against him.
SPEAKER 16 :
And the reason for that, Dan, is because at that point there’s no quote-unquote burden of proof. Everything changes in a civil court versus a criminal court.
SPEAKER 09 :
Yes. And so they were able to, which is crazy, they won the civil case, but they lost the criminal case.
SPEAKER 15 :
Yep.
SPEAKER 09 :
But he ended up proving the type of character he was anyway.
SPEAKER 16 :
Well, yeah, then he got off on all of that and then did some stupid things with some art and other dumb things that ended up landing him in prison when it was all said and done. So, I mean, they ended up getting him on some other things, which, you know, rightfully so, because, you know, did he kill her? Did he not? You know, again, Dan, I don’t know.
SPEAKER 09 :
I mean, the evidence suggests that he killed her. Yeah.
SPEAKER 16 :
It was the same old one. What ended up getting him off was the glove didn’t fit. Literally, that one line, which is famous today, if the glove doesn’t fit, you must acquit, and it didn’t fit.
SPEAKER 09 :
Yeah, but it was all bloody.
SPEAKER 16 :
Yeah, I’m with you, but keep in mind, that’s what ended up happening.
SPEAKER 09 :
But it’s beyond a reasonable doubt.
SPEAKER 16 :
Correct.
SPEAKER 09 :
Beyond a reasonable doubt. So all they had to do was put a little bit of doubt in one juror’s mind. That’s right. Because it’s a jury of, is it 12, I think?
SPEAKER 16 :
I think it’s 12, yes. In a case like that, I believe it’s 12, yes.
SPEAKER 09 :
Yeah, so you have to… convince 12 jurors beyond a reasonable doubt that the person is guilty of the crime.
SPEAKER 15 :
That’s exactly right.
SPEAKER 09 :
All the defense has to do is just get in a little bit of a reasonable doubt in one juror’s mind, and then you end up having what’s called the Hong trial.
SPEAKER 16 :
Yeah, you know, the defense can even go through, well, you know, this evidence shouldn’t have been submitted because it wasn’t collected correctly. You know, you didn’t do this right. You didn’t read the rights of this individual at the right timing. You’ve seen some of the TV shows. The reality is, you know, that’s then the defense’s job to come in and find out, you know, pull coals in what. you know, the police department and others might have done in all of that, and even the collection of evidence and so on. And that’s where some of that comes into play. And keep in mind, too, for a lot of you listening, when it comes to civil things, Dan, they’re not even all jury trials. It depends on the civil case and what those two parties have agreed upon. Sometimes a magistrate can rule. Sometimes a judge can rule. Sometimes there is a jury.
SPEAKER 09 :
Yeah, and a jury in a civil case is six.
SPEAKER 16 :
I think that’s correct. Yes, you are right in that as well.
SPEAKER 09 :
So… So it’s interesting, you know, people, so the one individual has said, well, Trump’s a felon, and that’s just because they believed what the media said.
SPEAKER 15 :
Correct.
SPEAKER 09 :
And, you know, I brought up the point that the judge was a known Trump hater, and so he should have recused himself.
SPEAKER 15 :
Absolutely.
SPEAKER 09 :
Taken himself off the case, but he didn’t. And that there in and of itself is an issue right there.
SPEAKER 15 :
I agree.
SPEAKER 09 :
I mean, I think I sent you the image of what justice is. It’s that woman holding the scales.
SPEAKER 15 :
Yep.
SPEAKER 09 :
That is blindfold.
SPEAKER 16 :
Yep.
SPEAKER 09 :
And, you know, and it’s.
SPEAKER 16 :
That’s how it’s supposed to be.
SPEAKER 09 :
Yeah, but people are so convinced and believe what they want to believe that you could try to. explain these things to him, oh no, he’s a felon.
SPEAKER 16 :
That particular trial, Dan, shouldn’t have even been held where it was held. That’s another thing that shouldn’t have happened.
SPEAKER 09 :
Yes. I mean, there’s a couple cases up in, so somebody at work got called to jury duty for a murder case. And it’s like everybody in the county knows about the murder case or what happened. And they’re still trying to hold the trial.
SPEAKER 16 :
That’s a tainted jury at that point. Yeah, they shouldn’t be doing that.
SPEAKER 09 :
up in Clear Creek County, and I’m like, well, if everybody, I shouldn’t say everybody, but a majority of people in Clear Creek County know about this case, how are you going to get somebody that is, they’ve already formed opinions in their mind, but that isn’t looking at any evidence. So, and that’s probably, that’s what happened with Trump, or is it Bondi? They asked her that question, she goes, oh, you mean what they did with Trump? In other words, they found the person They determined they wanted a person and then they found evidence to try to fit the crime. And that’s not the way it’s supposed to work.
SPEAKER 16 :
And my whole point in bringing that up, Dan, was just the simple fact that I think a lot of Americans have a very they’re very misunderstood or they have a misunderstanding in how some of these things actually work because the news media has done that. It’s tainted them.
SPEAKER 09 :
Well, they’ve been paid to do that, haven’t they?
SPEAKER 16 :
Well, we’re finding that out. Yep. That’s a big fact, Dan. Absolutely. Your tax dollars and mine have paid them to do so.
SPEAKER 09 :
Yes. Go figure.
SPEAKER 16 :
Way to go.
SPEAKER 09 :
Way to go, government. Go figure.
SPEAKER 16 :
I mean, Dan, it’s like I was talking to our last guest at the top of the hour. We all knew some of this stuff was going on, and we had a good idea that these things were happening. We just didn’t have any legitimate proof. Well, now we do, and we’ve been right all along.
SPEAKER 09 :
Yeah. Not to throw in a bunny trail, but did you see where Trump said it? Well, we’ll just buy Gaza and fix it.
SPEAKER 16 :
Oh, I was going to talk about that some today. So, no, that’s not a bunny trail. And I talked about that. We talked about that a little bit on the National Crawford Roundtable this week. And reality, Dan, as crazy as some might think that sounds, it’s not all that crazy.
SPEAKER 09 :
Well, and the article I read about it today was like, You know, it may never happen, but what he’s doing is he’s getting the people’s feathers ruffled over there, and maybe they’ll do something about it.
SPEAKER 16 :
Well, the other thing that most people don’t know, again, misconception, because I looked this up just to determine how much of Gaza is actually left right now, and 90% of Gaza is in ruins. So the reality, Dan, is you really need to just come through there with a bunch of dozers and scrape it and start over, because that’s the condition it’s in anyways.
SPEAKER 09 :
Yeah, so… He was talking about turning it into a resort area?
SPEAKER 16 :
Basically, it would be the other Riviera.
SPEAKER 09 :
Okay.
SPEAKER 16 :
The Mediterranean Riviera. The other Riviera is what he was saying. And by the way, I don’t think he’s all that off.
SPEAKER 09 :
I’m not disagreeing. I just think it’s like people say he’s a rocker. He can’t do this. He can’t do that. I’m like, yeah, why?
SPEAKER 16 :
Well, in fact, OK, so think about this for a minute. And again, it was a topic I was going to cover. And he was a Dell. I know you’re holding hang tight. We’ll be done here in a minute. But think about this, Dan, the influence that Trump has with a lot of other. you know, very wealthy individuals around the world. I mean, I’m talking, you know, keep in mind, you know, Qatar has kind of been in the background on Gaza. You’ve got Saudi Arabia. You’ve got a lot of those very wealthy Middle Eastern countries that actually do play pretty nice when it comes to Israel. Would they want a piece of the action in getting that rebuilt? I can already tell you that answer, Dan.
SPEAKER 09 :
Yeah, because they need to diversify, right?
SPEAKER 16 :
They need the diversification. They would love that revenue.
SPEAKER 09 :
Yep, they would.
SPEAKER 16 :
So, yeah, could Trump get that put together and not even the United States be involved? Yeah, he could broker that pretty easily.
SPEAKER 09 :
Probably so.
SPEAKER 16 :
Anyways.
SPEAKER 09 :
That’d be awesome.
SPEAKER 16 :
It would be, Dan. Appreciate you, man, very much. I’m going to squeeze Del in before the break. Del, go ahead.
SPEAKER 10 :
Yeah, John, how are you doing?
SPEAKER 16 :
I’m good, sir. Thank you.
SPEAKER 10 :
The other thing between civil and that is what people don’t understand is that they get a judgment on someone in a civil case. then they have the option to have the courts issue what’s called an erogatory.
SPEAKER 15 :
Right.
SPEAKER 10 :
And what that is is they have to fill out that erogatory of all of their assets, bank accounts.
SPEAKER 16 :
Well, yeah, and really quick, Dale, because I was going to mention this. I’m glad you brought this up because one thing people forget as well is just because you have a judgment doesn’t mean you have any cash in your bank account. You now have to figure out how to collect.
SPEAKER 10 :
Yeah. And the other thing, too, is I think the reason a lot of this criminal stuff is changing is you’re getting all these district attorneys that’s backed by Soros.
SPEAKER 15 :
That’s right.
SPEAKER 10 :
And they don’t like the way the system is because it’s like a deal I had years ago up in Greeley. I had a just between my ex-wife and I, and I had a DA call me wanting me to come in and I was harassing her on the phone, and I said, child, but you can’t prove that anyway because that’s a state of mind, and you can’t prove state of mind of an individual.
SPEAKER 15 :
Right.
SPEAKER 16 :
Right. But your point a moment ago about the Soros DAs and such, yes, that is a big part of what’s going on right now, Dale. You are 100% correct.
SPEAKER 10 :
Yeah. You know, I think… You know, because they don’t want to, you know, whether it be social services or the DAs or anything else, they think they’re above everybody.
SPEAKER 16 :
That’s right. That’s right. You’re 100% correct. Del, thank you, by the way. I appreciate that clarification. We’ll be right back. Golden Eagle Financial is coming up next, folks. When it comes to your financial future, get as much advice as you can. Talk to Al today. Find him at klzradio.com.
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SPEAKER 17 :
You’re listening to Rush to Reason.
SPEAKER 16 :
All right, we are back. Rush to Reason, Denver’s Afternoon Rush, KLZ 560. One thing, and it’s not in my notes, but Charlie and I were talking about it a moment ago through the break, so I might as well just include it now, and that is some of you have probably noticed that There’s been a lot of scuttlebutt today on all of the ICE raids in the Denver area yesterday. In fact, there were some people that noticed that there were some kids even taken out of school, which people were up in arms over. How could you take a kid out of school and blah, blah, blah? Once you read through and find out exactly why, it was because these were children of some of those that had been arrested. In other words, those bad guys that were going to get deported, these were the kids of, and that’s why they were pulled out of school. I’ve got more on that as well. Joe, though, you’re next. Go ahead.
SPEAKER 03 :
Hey, John, I just want to flash back to your guest at the beginning of the hour about borrowing money against stocks. You know, that can work in some extreme cases, but for the vast majority of people, it’s a losing proposition. Can I expound on that for a little bit? So first of all, let’s say you buy $10,000 worth of Amazon stock. That’s your cost basis, and it goes up to $20,000. Now, first of all, when you borrow money, you can’t borrow 100% of the value. Depending on most stocks, you can get $50,000. Maybe on a utility stock, you might be able to get a 60%. But then you’re going to pay that 5% interest on the entire value of the loan. Now, conversely, if you’ve held that stock for a year or more, Most people, unless they’re earning more than $600,000 a year, their capital gains rate is only 15%. And that 15% is only on the appreciated value. The gain. Right, only on the gain. So if you’re going to take a loan out, so let’s say out of your $20,000, you want $10,000. You want to buy a boat or something.
SPEAKER 16 :
Well, in his case, you’re not buying anything. You’re investing it back into something else to make more money. But, yeah, I get your drift.
SPEAKER 03 :
Okay, so you take the 10 out, but now you’re paying 5% a year on that 10, which is 500 a year.
SPEAKER 16 :
His math is still ahead, Joe, at the end of the day. If you’re reinvesting it, like he said, buying a boat, no, you’re going to be behind. If you go buy silly assets that, by the way, boats depreciate, they don’t appreciate. There’s very few boats that appreciate, as you know. Typically, it’s a losing asset at the end of the day. His thought is, or his premise is, again, much like real estate individuals will take, and there’s very famous people that have done that. They buy the first property. They get it paid down to where they’ve got some equity in it. They pull that, you know, they refinance, pull that equity out, go buy the next property. And or in some cases, by the way, this is the other thing people don’t realize, in some cases, if you get enough of those done and you want to refinance and pull a couple hundred grand out to live on, you can, and there’s no taxes on that 200 grand you just pulled out. That’s his premise with all of this.
SPEAKER 03 :
Right, but there’s no taxes, but you’re paying 5% a year.
SPEAKER 16 :
Yeah, in that case of that mortgage property, you’re remortgaging it. Now, in the case of the property that you’re remortgaging, typically you’ve got enough cash flow coming in that all that’s getting covered. And to his point, that 5% is a tax deduction as well. So in the end, yes, you’re still better off doing it that way than taking a paycheck.
SPEAKER 03 :
John, the last time I looked, interest on – if the loan wasn’t for a home mortgage – interest is no longer, loan interest is no longer tax deductible.
SPEAKER 16 :
On a business, it always is.
SPEAKER 03 :
Well, if it’s a business, yes. But if it’s just you as an individual.
SPEAKER 16 :
Well, your first, I looked this up. Oddly enough, I looked this up yesterday for somebody else, one of my clients, and it’s actually you can deduct mortgage interest if you itemize and you have enough income to make that work, of course, but you have to have enough income to make that work. But, yes, you can itemize your first and second home on the interest up to a certain amount.
SPEAKER 03 :
Right, but if you’re just an individual and you’re paying interest on a collateralized stock loan, you as an individual can’t deduct that interest as an item.
SPEAKER 16 :
You probably cannot in that case. No, you’d have to set some sort of a little business up to be able to do that. Joe, appreciate it. I’ve got to run. Thank you, though. Good comment on that. And, yeah, by the way, read the book because I don’t know all. the ins and outs and what he tells you to do. So what I would suggest is, even for you, Joe, read the book and then tell me back what you think when it’s all said and done and is he on to something or not. Paul Luehmerger, by the way, is up next when it comes to insurance. Please talk to Paul today. He can actually go through and broker other deals. And some of you that have American National Insurance, you’re getting letters that your rebate is ending. It’s not just your rebate ending on your homeowners. It’s going to end, period. So call Paul today. Don’t do anything else before you talk to him. 303-662-0789.
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SPEAKER 16 :
Now back to Rush to Reason on KLZ 560. And that’s it for this second hour, folks. Don’t forget, another full hour coming your way. And a familiar guest of ours, by the way, that talks about election integrity is Ken Cuccinelli. We’ll be talking to him in just one moment, so don’t go anywhere. Hour three is next. Rush to Reason, Denver’s Afternoon Rush, KLZ 560.
SPEAKER 1 :
I’m a rich guy
