BankNotes – August 2012

It is the strangest dysmorphic transformation of any holiday in history. The day that overthrew a government, July 4, 1776, now celebrates the power of a government that is far more vast, predatory and imperialist than the one overthrown. Not only is the real meaning of Independence Day forgotten; it has been turned on its head.

Read More »

BankNotes – July 2012

There are many by ways in which human beings have created means of exchange (currency, means of payment, money) that have worked successfully over long periods of time. There is the way that Menger explained, through discovery of a highly marketable commodity. This is the way in which precious metals gained ascendancy. Another way is through banks that have intermediated short-term (90-day) bills of exchange and provided bank notes.

Read More »

BankNotes – June 2012

One of the nicest features of whole life insurance is the ability of a policyholder to “get at his money” during the entire life of the policy, as opposed to taxqualified investment vehicles that typically assess severe penalties for early withdrawals. Specifically, the whole life owner can take out a policy loan, gaining the use of his cash value, at any time. It is through taking out (and paying back!) policy loans that a person can use a whole life policy for “banking” purposes.

Read More »

BankNotes – May 2012

Insurance companies have put numerous pages on the front of Equity Indexed Universal Life (EIUL) illustrations that describe the issues below, but most people (by design) will not take the time to read and understand what these pages are saying. I would encourage you to read those pages thoroughly before depending on an EIUL policy to increase your assets or protect your family. Similarly, Universal Life (UL) and its cousin Variable Universal Life (VUL) have some of the same problems so I’ve spelled out the issues below and placed an * next to the ones that are specific only to EIUL.

Read More »

BankNotes – April 2012

Hands down, the biggest stumbling block to spreading the “good news” of Nelson Nash’s Infinite Banking Concept (IBC) is that it relies on acquiring whole life insurance policies. As “everybody knows,” only a fool would take out such a policy—just ask Dave Ramsey! The financial gurus tell us with confidence that an individual does much better to “buy term and invest the difference.” In the present article I’ll point out some of the flaws with this standard objection to whole life (and by implication, IBC).

Read More »

BankNotes – March 2012

Becoming Your Own Banker®, by author R. Nelson Nash is an extraordinary book. And yet, it’s not actually a book as much as it is a book-let. A mere one hundred and seven pages in its entirety, it dispenses wisdom and logic of a kind that only an individual who has been educated in the Austrian School tradition could have written. Neither the brevity of its treatment nor its plain language takes away from the fact that it contains information of great intellectual and financial depth.

Read More »

BankNotes – February 2012

There is no other way to put it. Americans have been tricked! The hidden process of money creation that artificially manipulates interest rates and creates economic booms has misguided society’s views of money and credit. This has been especially noticeable in our modern view of savings. Once considered the bedrock of a household’s financial strategy, traditional savings plans lost favor with the public because they were seen as too slow and boring in an economy that was flush with money and low interest rates. The lure of the stock market and the promises of quick money through investing turned Americans into a nation of speculators.

Read More »

BankNotes – January 2012

The annual IBC Think Tank Symposium is hosted by IBC founder Nelson Nash, and David Stearns, IBC, LLC owner. In this gathering of Infinite Banking enthusiasts we emphasize our sharing approach in spreading the IBC word. Life producers present success stories, case studies and new ideas. The symposium is oriented on training the concept primarily to life producers, but a sizable group of “consumer-practioneers” attend.

Read More »