2019 October BankNotes

Fractional reserve banking arises because banks legally are permitted to use money placed with them in demand deposits. Banks treat this type of money as if it was loaned to them.

2019 September BankNote

It is with this in mind that I wish to take a closer look at the Mutual Insurance Holding Company (MIHC), which is a topic that is relevant to IBC practitioners and all those who may be thinking of implementing IBC policies in the near future. It is especially important now because Bob and I repeatedly stress that we are in the midst of an unsustainable boom that will crash and IBC offers, among other benefits, an exit strategy from the market collapses that are heading our way.

2019 August BankNotes

Back in the September 2012 issue of the Lara-Murphy Report, I tackled an older blog post by financial guru Dave Ramsey where he strongly attacked the idea of using permanent life insurance as a savings vehicle.1

2019 July BankNotes

Last month, I began this series, which tackles the question: Does IBC “work”
for people who are older and/or in poor health? Many people are concerned
that the “pure cost of insurance” will be so high in such cases, that practicing
IBC will be too expensive, or will have “too much drag,” to be sensible.

2019 June BankNotes

One Of the most common questions we get from the public is whether IBC “works” or “makes sense” for someone who is older and/or in relatively poor health. People naturally worry whether the “pure cost of life insurance”— which is more expensive for older and/or sicker individuals, of course— at some point could make IBC impractical. If so, would it be better for people in this situation to take out IBC policies on others who are younger and/or in better health?

2019 May BankNotes

A Business Credit survey1 conducted and published in March 2016 by the Federal Reserve Banks of New York, Atlanta, Boston, Cleveland, Philadelphia, Richmond, and St. Louis reports that “cash flow” is the number one problem facing small businesses with fewer than 500 employees. At the same time a Financial Stability Report dated November 2018 by the Board of Governors of the Federal Reserve cites that business-sector debt relative to GDP is historically high and “debt has been growing fastest at firms with weaker earnings and higher leverage.”2 In essence this report insinuates that the very same cash flow difficulty also exists among the larger companies, that is, those businesses with more than 500 employees.

2019 April BankNotes

April 2019 – BankNotes cover the Eulogy, Nelson Nash— The Man
(1931-2019) and Reflections on R. Nelson Nash. He will be greatly missed.

2019 March BankNotes

A Closer Look At Businesses Part I: By L. Carlos Lara
[Reprinted from the November 2018 edition of the Lara-Murphy-Report, LMR]
According To The Kauffman Index of Startup Activity1 the share of new entrepreneurs who started businesses to pursue opportunity rather than from necessity is now up more than 12 percentage points higher than in 2009 at the height of the Great Recession. This of course is a very encouraging nationwide trend and I extend my admiration to all those individuals who have ventured out into an endeavor where only about half survives the first five years in operation. Obviously, by any measure, these are certainly not great odds so I also applaud their courage and their desire to start their very own enterprise.

2019 February BankNotes

George Washington’s State of the Union Address Holds Lessons for the 21st Century: by Lawrence W.Reed
It was a time when government knew its limits and its proper place, and the people did too.
A few million people will be watching when President Trump delivers his State of the Union Address to a joint session of Congress on January 29. I doubt I’ll be one of them. The last State of the Union I watched from start to finish was literally 30 years ago, and I don’t feel the least bit deprived— intellectually, spiritually, or otherwise.

2019 January BankNotes

The Myth of Intelligent (Government) Design
Why would we think that moving decisions to government will result in more intelligent arrangements? by Gary M. Galles

2018 December BankNotes

Notes from the Cutting Edge of Finance: by Ryan GriggsFirst published in Feb, 2018 on

I’ve just returned from the Nelson Nash Institute’s (NNI) annual Think Tank conference for practitioners of the Infinite Banking Concept (IBC) in Birmingham, AL. It seems appropriate to say a few words about the experience.

For context, the IBC is a cash-flow management strategy that allows individuals to opt-out of the federally-enforced cartel that you might know as “the commercial banking system.” Nelson Nash is the creator of the IBC and author of the book Becoming Your Own Banker —

November 2018 BankNotes

Individuals who own one or several dividend-paying Whole Life insurance
policies that are designed in the special way advocated by Nelson Nash’s
Infinite Banking Concept (IBC) are often faced with a perplexing question
and a decision they must make whenever the need arises to purchase or pay
for something.

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