Porn, IRS audits, and a SELL EVERYTHING warning from a massive international bank. Today’s show is a doozy, my friends. I’m Bryan Ellis. This is Episode 185.----Hello, SDI Nation. Welcome to the podcast of record for savvy, self-directed investors like you! Get ready for another dose of predictably profitable thinking!Hey just a special note: Tomorrow is Episode #1 of a NEW SDI podcast called SDI Money Law. Hosted by attorney Tim Berry, this show is powerful and unique. You see, affluence and wealth are certainly blessings… but they’re not blessings without cost. The affluent person or family faces challenges that the less affluent are not even aware of, and many of those challenges are of either a financial or legal nature. That’s what SDI Money Law is all about… it’s the ONLY podcast that focuses exclusively on the intersection of the law and your money and has a very simple goal: To teach you to use every advantage the law allows for making better profits, protecting those profits from wealth vampires, and passing that wealth to future generations. In short, it’s all about using the law to be a better steward of your financial blessings.The host, attorney Tim Berry, is an incredibly sharp attorney with clients ranging from normal affluent people all the way up to people who have 3 commas in their net worth number. Yeah, think that one over hehehehehe. He has extraordinary expertise in 3 areas: Tax law, high-end asset protection and self-directed retirement accounts. And, as it turns out, all 3 of those areas are quite heavily related. In tomorrow’s show, you’re going to learn how to save $25,000 on LAST YEAR’S tax bill… so be sure to tune in. To get a notice about the show, text the word SDIMONEYLAW with no spaces or periods to 33444. Again, text the word SDIMONEYLAW with no spaces or periods to 33444.Ok, people… Porn. IRS audits. And an incredibly dire prediction from a major bank. Where to begin.Let’s go with PORN! Actually, that one is all about the IRS, too.The IRS recently did an audit of disciplinary practices for its employees. That very notion brings up some big questions for me, as I wonder what exactly constitutes unacceptable behavior to the IRS on behalf of its employees, as I’m hearing more and more reports of the IRS returning to the bad old days of very heavy handed tactics during audits.Anyway, in this disciplinary practices audit, it was revealed that an attorney at the IRS viewed sexually explicit material on his computer for 2-3 hours per day for a period of four months.Let’s see… one month has about 20 work days. Four months is 80 work days. 80 work days times 3 hours per day… let’s see… that’s 240 hours.240 hours viewing porn at the IRS by one of their attorneys. That’s a whopping SIX WHOLE WEEKS in aggregate of this guy getting his jollies at the expense of you and me as taxpayers.What was that expense? Well, based on standard pay tables, it’s safe to say his salary was AT MINIMUM $100,000 per year. Thus, using the most conservative analysis possible, this guy was paid over $11,500 to act like a dirtbag during work hours.But don’t worry… the IRS really came down hard on him. They suspended him for 3 days. The report didn’t say if the suspension was with or without pay. What do you figure that guy did during those 3 days? HeheheheBut hey… at the end of the day, this gives us all a new strategy to consider during audits: Make sure that the revenue agent you’re facing is bombarded with voluminous amounts of porn during your audit. Maybe the 3 hours a day they’ll lose to smut-surfing will accrue to your benefit!On to a much more serious topic: RBS, the Royal Bank of Scotland – a HUGE bank with over a trillion dollars in assets, revenues north of $15 Billion per year and over 100,000 employees – issued a particularly dire warning.Their suggestion? “SELL EVERYTHING”RBS is predicting a cataclysmic year and is recommending that their clients SELL EVERYTHING except for high-quality bonds. They’ve suggested that