BankNotes – September 2018

In the May 2017 issue of the LMR, I wrote the first part of this series. I began to tackle a common objection that Carlos and I get when we talk to crowds familiar with Austrian economics. Specifically, people wondered how Carlos and I could be in favor of the Infinite Banking Concept (IBC), after we had systematically explained that the Federal Reserve’s actions since 2008 had set the U.S. economy up for another crash, and also threatened the U.S. dollar. In such an environment, why in the world would somebody want to load up on a dollar-denominated asset like life insurance?

Read More »

BankNotes – August 2018

It is time to re-examine the origin of the word — ruminate. To do so we will have to understand “Cow Biology”: A cow has four stomachs. The rumen is the first — and by far — the largest compartment of the stomach of a ruminant from which food is regurgitated for rumination. She eats grass and chews on it in the first stage of digestion. She swallows it and it passes into the second stage of digestion in the rumen where it remains for a certain period.

Read More »

BankNotes – July 2018

A common method of showing the public the power of Nelson Nash’s Infinite Banking Concept” (IBC) is to stress its feature of “constant compounding.” In contrast to many other asset classes, dividend-paying Whole Life insurance always increases in value. Indeed, some proponents of IBC enthusiastically declare: “There’s nothing else like it!”

Read More »

BankNotes – June 2018

The World Population Clock1 is currently registering 7.6 billion people on the planet. Among those 7.6 billion people, Forbes2 has identified only 2,208 individuals who are billionaires from 72 different countries. Based on this information our chances of ever becoming a billionaire are pretty slim — somewhere around 0.00002%.

Read More »

BankNotes – May 2018

May the God of hope fill you with all joy and peace as you trust in him, so that you may overflow with hope by the power of the Holy Spirit. (Romans 15:13, NIV) We are engaged in a great struggle for liberty.

Read More »

BankNotes – April 2018

In last month’s issue of BankNotes newsletter, I wrote an article entitled Something to Ponder. As a result, for all month long, I have been doing a lot of pondering and have concluded that this is a vast undertaking that should be practiced by everyone.

Read More »

BankNotes – March 2018

There is a great video named Banking With Life, produced by James Neathery of Alvarado, TX. It’s less than sixty minutes long and features a dozen or more personalities who are economists or financial people, including yours truly.

Read More »

BankNotes – February 2018

Highly profitable companies can run into financial trouble if they don’t have the liquidity to react to unforeseen events. Even companies with a stockpile of assets on their balance sheets will struggle with cash flow issues when markets crash if those assets are illiquid. In a moment of crisis, assets are of no value if they cannot easily be converted to cash in order to save the company.

Read More »

BankNotes – January 2018

Although it’s a pretty basic question, it’s worth asking: Why do we use money? Once we think through the answer, it becomes clear just how awful our current monetary system is.

Read More »