2020 October BankNotes

As I explained last month in the first installment of this series, I am showing the reader that the various attacks on our liberties are part of a coordinated strategy that was conceived decades ago by avowed socialists. I realize that is a provocative claim, but it is easily demonstrated, as I show in this series.

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2020 September BankNotes

The Global “Lock Step Scenario.” The Kennedys – Part One: By L. Carlos Lara
It was after reading the works of Augustine of Hippo that I was able to more accurately comprehend the depravity of man and how far his violence can actually extend. Prior to this I was always asking, what many of us lately are asking, “what’s wrong with people these days?”

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2020 August BankNotes

IBC and Whole Life: Process versus Platform: By Robert P. Murphy

At this year’s Think Tank, I noticed that the various speakers seemed to fall
into two camps. In the first camp, the practitioners stressed their understanding
of the “banking” aspect of Nelson’s ideas. People in this camp explained how
they helped their clients redirect cash flows to allow their clients to “become
their own bankers.” Not surprisingly, people in this camp relied very heavily
on Nelson’s best-selling book, Becoming Your Own Banker, since their
approach with clients followed very closely the approach Nelson uses in his
book to address the reader. Typically the people in this camp would reject
the conventional framework and terminology of the professional financial
industry, saying that only by changing one’s mindset and thought process
could one escape from the bondage of the bankers.
On the other hand, there was a different camp of speakers at the Think Tank. In
their presentations, they explained how they showed their clients that dividendpaying
Whole Life insurance was a perfectly respectable asset class, which
had its own pros and cons. They then explained quite convincingly that in our
current economic and political environment, it made a lot of sense for many
clients to shift their portfolio more heavily in favor of this conservative asset,
because it was superior to the more popular selections (stocks, bonds, real
estate, etc.) on many dimensions. The practitioners in this camp did not shy
from taking on the Dave Ramseys and Suze Ormans of the world on their own
terms. You want to talk about rates of return? Sure thing, let’s just make sure
we’re analyzing the assets correctly, including tax considerations and liquidity.
The more we study it with an open mind, the more amazing it is that somehow
Whole Life insurance has gotten a reputation as an awful financialproduct.

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2020 July BankNotes

This Lara-Murphy Report (LMR) article was reprinted with permission. This and many more articles related to IBC and Austrian Economics are published monthly in the LMR. Subscriptions are available at

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2020 June BankNotes

Humanity has been asking what is happiness and how to achieve it since the dawn of time, but still without a definitive resolution. The divergence of views on this subject is enormous, although it may be a good thing, because each individual can pursue happiness in their own way, which—according to the Declaration of Independence—is an inalienable right.

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