BankNotes – June 2014

How Inflation Drinks Your Milkshake And why it is, as Mises called it, “the most radical revolutionary institution in the world.”
In the denouement of the film There Will Be Blood, the antihero Daniel Planview dramatically reveals to his nemesis that he has secretly siphoned away all of the latter’s underground oil.

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BankNotes – May 2014

The least of the problems with income tax is that it takes your money. The really big problem is that the income tax takes your life. It gives the government direct access to the things you own and sets up the political-bureaucratic sector to be the final arbiter of what you can and cannot consider to be yours.

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BankNotes – April 2014

This article is adapted from Joseph Salerno’s foreword to the new third edition of Brendan Brown’s book Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations.] Brendan Brown is a rara avis — a practicing financial economist and shrewd observer of financial markets, players, and policies, whose prolific writings are informed by profound theoretical insight.

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BankNotes – February 2014

Despite admitting that the National Security “vacuums up information about virtually every telephone call to, from, or within the United States,” William Pauley, a federal judge on the United States District Court for the Southern District of New York, decreed last week that the NSA’s dragnet approach is constitutional because, well, he believes that it is necessary. As William Pitt the Younger observed, “necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.”

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BankNotes – January 2014

The only way I know to get at the roots of the mess we are in is to keep probing in every way until the last sustaining feeder is cut. And one of those feeders, I believe, is apathy. The impulse to run the lives of others – the little-god syndrome – flourishes to the extent that the others are apathetic. To curb the dictocratic impulse calls for alertness, thinking for self, vigilance, virtuousness, a genuine care for God and man.

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BankNotes – December 2013

2014 Infinite Banking Practitioner’s Think Tank- This very popular annual event is scheduled for 6-7 February, 2014. The event will take place in Birmingham, Alabama. Because of the exploding public demand for “Infinite Banking” policies, and the corresponding proliferation of IBC “experts,” we made the decision to create the Infinite Banking Institute which administers the IBC Practitioner’s Program (Agent Training).

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BankNotes – November 2013

Nothing in recent years has convinced me more of this fact than attempting to explain the Infinite Banking Concept (IBC) to others. When I consider the number of years it took me to finally understand it, I wonder if its simplicity is not perhaps the real source of its difficulty. It is so simple it makes no sense! But, of course, that’s not it at all, there is much more to it than that. IBC involves matters having to do with money, credit and how it flows in the entirety of our economy. Those particular elements have never been simple for anybody.

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BankNotes – October 2013

One of the virtues of a dividend-paying whole life policy is the control the owner has over his money. In particular, policy loans are a very convenient way to access wealth stored in this fashion. Nelson Nash’s Infinite Banking Concept (IBC) uses policy loans as a way to “become your own banker.” Rather than relying on outside financiers and the associated interest payments, Nash encourages individuals to build up a warehouse of wealth inside one or more (appropriately designed) life insurance policies, so that major purchases can be financed through policy loans and paid back on the owner’s own terms.

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