Congrats on taking the time to do your research. Here is my review on Cash For Patriots Program.
You are trying to find out if Cash For Patriots Program is a scam. The word scam gets thrown around loosely nowadays about anything. But there are some red flags that I am going to point out that I am compelled to make you aware of.
So let’s get to it… here are the red flags about Cash For Patriots Program.
Cash For Patriots Program Review
Red Flag # 1 -Sketchy Video
We have been here before with Freedom checks. When they tease a launch of a newsletter publication with a video sales letter, you better hide your wallet. Wondering what Freedom checks is? I exposed 7 red flags about it here.
Right out the gate, the video rings you in:
“American Patriots, Get Your Share of…
“Trump’s $2.6 Trillion ‘Cash for Patriots Program’
“Everyday patriots are collecting checks of up to $7,980, thanks to this ‘program.’ If you act before August 3, you could be next.”
It sounds pretty intriguing so of course, you want to find out more.
But it’s a red flag because he’s claiming that by simply being an ‘Everday Patriot’ you will be rewarded handsomely.
Who doesn’t love free and easy money?
Red Flag #2 – Getting access to this program
So we already know you are a Patriot. Are you missing anything else?
According to Zach you are pretty much set:
“Unlike Social Security or government programs…
“There are absolutely no special requirements to begin collecting cash.
“No age requirement (you could be 27 or 77 years old)…
“No income requirement (you could be unemployed or be a multimillionaire
“And you don’t even need to be a Trump supporter. (Democrats, Republicans, and independents can collect $1,000s.)
“That’s because the ‘Cash for Patriots program’ is funded by the private sector.”
Well, then that pretty much covers a majority of the country. So then exactly how much that for each American?
“That’s the equivalent of $27,718… on average… for every American taxpayer.”
“If everything goes according to plan, that money will soon be flowing into the pockets of patriots across America.”
Remember folks when it sounds too good to be true… it usually is too good to be true.
Red flag # 3 The 2.6 trillion from the private sector for Americans
So the 2.6 trillion from the private sector… what is it and where is it.
According to Zach, the program was first mentioned in the Trump campaign’s tax reform plan published on September 28, 2015.
In the plan, the key to ‘cash for the Patriots program’ is “overseas cash” stranded by US corporations.
The corporations would be provided a type of tax benefit that would allow them to bring that cash home.
So naturally, if they do… they would be more inclined to use the cash or distribute in the US via stock dividends or even use it to buy other US corporations.
‘Lightbulb moment’ which I will get to in the next red flag.
But just in case you wondering why would these corporations strand their cash outside of the US.
In a nutshell:
US corporations in business all over the world, are taxed on the income that they bring back home.
So they would be taxed on the profits they have made overseas. Which is really a pain in the ass for the large corporations. The US is literally one of the few countries in the world that taxes earnings you make outside of its borders.
So because of this. These corporations rather keep their money stashed in foreign entities. So they can avoid paying taxes on it.
But ultimately there is no mention of direct payments to Americans. Or enrollments into any program.
Red flag #4 – Non-existent press release
Zach’s pitch goes on to claim that the ‘Cash for Patriots program’ was also formally announced in a press release published on September 29, 2016, by Congress’s Joint Committee on Taxation.
Uhm about that… yea it doesn’t exist. I searched the archives on jct.gov and there was no press release date for Sept. 29,2016. The ones before and after that date don’t mention this ‘federal program’ either.
Red Flag # 5 – Lifetime Income Report
Zach is trying to cash in on the theory of these US corporations willing to give you bigger dividends… yea I said dividends, not free checks for being a patriot. In other words, you actually have to own the stocks of these major companies.
So sound the alarm because this is when he pitches you. He offers an enticing package. Consisting of 7 offerings.
Four e-books, a yearlong subscription to his monthly newsletter Lifetime Income Report, supplemental email alerts, and a direct line Agora Financial’s support team.
The four e-books are titled “The Cash for Patriots Program,” “The Secret Transaction that Could Generate Hundreds in Instant Income,” “The Big Book of Income,” and “The Government Loophole That Eliminates Mortgage Payments.”
However, the Lifetime Income Report is the cash cow here. After your 12 months are up you are automatically enrolled into a recurring subscription.
The investment newsletter is all about investing in US corporations with the biggest dividend payouts.
So Zach is speculating on which US corporation might be raising their dividend payouts.
What is a dividend payout?
It is a stock that makes a quarterly or annual payment to its shareholders. Typically, the better the company is doing the higher the dividend to award their shareholders.
Red Flag # 6 – Agora Financial
We have touched on Agora Financial before. They are an independent financial advisory company which also owns Banyan Hill Publishing. They provide many financial newsletter publications on a subscription basis.
The issue stems from the quality of these publications ranging from extremely poor to excellent. But what really grinds my gear is theirs over the top advertising they publish for their services. Time and time again they are very misleading.
Taking a look at their page on Better Business Bureau you hit with the big red warning sign. Then we see 2 things…
- They aren’t accredited by the BBB which is a big red flag.
- Almost 300 complaints with a rating of 1.5 stars… ouch
Red Flag #7 – “Testimonials”
So it can’t be a sales video without some testimonials. Zach rattles quite a few through the video. “Patriots” receiving monthly paychecks ranging from as low as $1,710 up to $11,365. Including some outrageous claims:
Here is another one:
So you get the point where we see peoples names and the claimed amount. But we see no proof. And of course, I tried researching the validity of these claims and couldn’t find anything with substance.
But looking at the history of Lifetime Income Report and Agora Financial I am really skeptical these are true.
Red Flag Bonus – Is it really for Everyday Patriots?
So it’s one thing to own the stocks that give out dividends but let’s look into one of the claims in the presentation.
For example, Bob S. claimed he made $6,010 with this program. So let’s be really conservative here and say that’s what he received as an annual payment or if it was quarterly payments we would be talking about $1,502 per quarter.
Typically, dividend payouts range between 2%-6% of the amount of money you used to invest in the shares of a corporation. For our example, let’s use 4%(right in the middle).
So Bob S. made $6,010 off a stock he has shares of with a 4% dividend payout. Doing the math ($6,010/.04) Bob S. original investment is $150,250!
How many ‘everyday American patriots’ you know have $150,250 laying around to invest in stock…
The Final Verdict
The process of possibly receiving this cash is true via purchasing stock and receiving dividends payouts. However, making it sound that money owed to you because you a patriot is absurd.
As I always say you ultimately make your own financial decisions.
I am just someone trying to provide you with all the facts so you can make the informed decision.
What would I do?
I would keep it moving.