THE RISE (AND FALL?) OF THE FED’S FLOOR SYSTEM – BY Robert P. Murphy
The Fed instituted a very important new policy in October 2008, which casts doubt upon the rationale for the bailouts. But this new approach may be unraveling.
The biggest fear that people over the age of 60 have is running out of money in retirement. And for many Americans, this is a very real risk, not an irrational phobia.
The central bankers are a clever bunch–they’ve convinced the public that a lack of oversight is a GOOD thing.
Former Dallas Federal Reserve President, Richard Fisher, publicly dressed down President Trump in a recent interview with CNBC in response to Trump’s remark that he’s “not thrilled” about the Fed’s interest rate hikes. Obviously, Trump’s comment upset Fisher quite a bit and he told CNBC that by making that comment “Trump is out of line.” 1
My business partner and coauthor Carlos Lara and I have been warning since the financial crisis of 2008 that the Federal Reserve’s response has merely set us up for another crash. In September 2016 we released a video entitled, “How to Weather the Coming Financial Storms” which outlined our prognosis, and gave strategies for business owners and households to protect themselves. (You can still view the video from our main landing page at: http://laramurphy.
The answer is in an Infinite Banking policy. Nevertheless, most Americans put the amount they intend to save at risk by placing them in qualified plans, which are nothing more than investment vehicles controlled, not by you, but by the government, Wall Street and your employer. We would like to compare an IBC policy to qualified plans on four key elements.
TRUMP’S PLAYBOOK FOR THE ECONOMY: Trump’s Executive Order 13772 on “Core Principles for Regulating the United States Financial System.” was written to provide the President’s rationale for
wanting to overhaul the U.S. tax code and scale back the excessive government regulations found in the Dodd-Frank Act. Now, one year later after the report came out, and seeing several of the major suggested changes written about in the report actually take place, I am now convinced that this official essay is actually Trump’s “playbook” for the economy. So far he has been executing it just
as it is written.
A common method of showing the public the power of Nelson Nash’s
Infinite Banking Concept” (IBC) is to stress its feature of “constant
compounding.” In contrast to many other asset classes, dividend-paying
Whole Life insurance always increases in value. Indeed, some proponents of
IBC enthusiastically declare: “There’s nothing else like it!”
Not only does private lending help diversify a stock-heavy portfolio, but through private lending, it is also very easy to diversify amongst different types of assets, or real estate investments, in different locations.
The World Population Clock1 is currently registering 7.6 billion people on the planet. Among those 7.6 billion people, Forbes2 has identified only 2,208 individuals who are billionaires from 72 different countries. Based on this information our chances of ever becoming a billionaire are pretty slim — somewhere around 0.00002%.
Believe it or not, there is growing interest—even among market friendly economists—for the government to mail checks to every American. Guess it’s time to explain why this is a really bad idea.
