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21 Nov

2023 November BankNotes

One of the greatest awakenings we can experience happens when we
recognize that our monetary systems rest entirely on our confidence.

07 Oct

2023 October BankNotes

Also relevant to this article is this perspective. According to the Tax Policy Center roughly 80 percent (of revenue for the federal government) comes from the individual income tax and the payroll taxes that fund the social insurance programs.

13 Sep

2023 September BankNotes

—Adam Smith, An Inquiry into the Nature & Causes
of the Wealth of Nations. Volume I, 17591
Within this quote by Adam Smith resides the
fundamental premise for the creation of the IBC
Practitioner Program for financial professionals.

08 Aug

2023 August BankNotes

“There are probably thousands of such
examples of misclassification that we run into every day but they
probably don’t increase the quality of our lives. Instead, they limit
our thinking and lead us to wrong conclusions. Words are powerful
things!”

11 Jul

2023 July BankNotes

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.

08 Jun

2023 June BankNotes

Bankruptcy? There is an Alternative. A NewRole For Privatized Banking – Part Two By: L. Carlos Lara

19 May

2023 May BankNotes

As the recession deepens, more businesses, as well as individuals, will file for Chapter 7, Chapter 13, or Chapter 11 of the United States Bankruptcy code.

17 Apr

2023 April BankNotes

Privatized BANKING: WE ALL NEED IT – By L. Carlos Lara
What so many people do not realize is that the bestype of health coverage can be obtained by the oldest and original insurance policy in America, the Dividend Paying Whole-Life Insurance Policy. In fact, it is the best kept secret in America. Whole-Life not only pays a death benefifit to the insured’s benefificiaries at death, but it also provides the insured living benefifits while alive. In fact, this is what it does best.

16 Mar

2023 March BankNotes

18 Feb

2023 February BankNotes

When explaining the relative safety and stability of the insurance sector, proponents of Nelson Nash’s “Infinite Banking Concept” (IBC) will often point to the 1930s. They make claims that although thousands of banks failed, no insurance policyholders missed a payment.

11 Jan

2023 January BankNotes

OPTION VALUE EMBEDDED IN WHOLE LIFE POLICY
One obvious difference between a whole life policy and a term policy with the same death benefit, is that the former gives the policyholder the option to maintain coverage for life. (This after all is the reason we call it “permanent life insurance” and the plain vanilla “whole life” policy.)

10 Dec

2022 December BankNotes

“MEC” Defined: The acronym “MEC” is short for “modified endowment contract.” To say
that you “MEC”ed a policy means that you stuffed it with too much money and hence the IRS will now cease to classify it as a standard life insurance contract.