Lara-Murphy Report
2019 March Lara-Murphy Report
I like to be precise with my terminology, and so for example I draw a distinction between being smart (knowing a lot of facts) versus intelligent (having a powerful mind). In the same vein, I do not throw around the term genius lightly.
Someone could be very smart and very intelligent, but to be a genius you have to be a creative inventor. You have to produce new ideas and frameworks, which others will then argue over and refine.
The recently deceased R. Nelson Nash was smart and intelligent, but he was also a creative genius. He looked at dividend-paying whole life policies, and in particular their standard feature of policy loans, and realized, “That’s not merely an asset that provides a death benefit. It’s also a cashflow-management device that allows you to free yourself from bondage to commercial bankers.”
Where others saw merely protection, Nelson saw a way to become your own banker.
read more2019 February Lara-Murphy Report
HOW TO SECEDE FROM OUR CURRENT MONETARY REGIME ONE HOUSEHOLD AT A TIME: BY L. Carlos Lara Lara’s address to the IBC Think Tank, explaining the 3-fold purpose behind our goal of Building the 10%.
read more2019 January Lara-Murphy Report
Dr. Robert Murphy builds on last month’s article to make the analysis closer to real-world policies, showing the effect of age and different funding approaches on policy behavior.
read more2018 December Lara-Murphy Report
DOES IBC WORK FOR OLDER PEOPLE? by Robert P. Murphy 2018-12... read more2018 November Lara-Murphy Report
THE FED HAS PAINTED ITSELF INTO A CORNER: BY Robert P. Murphy
With official unemployment low and CPI inflation on the rise, the Fed is under pressure to keep hiking rates, even though we predict this will crash the economy.