Show of hands. Who checked out the links I recently posted? Good for you.
Few people have heard of the "Infinite Banking Concept" (IBC), and I promise you that your mind will go in every direction because this idea goes against everything we've been taught. Be patient. Open your heart to learn.
R. Nelson Nash is the originator of what he coined the Infinite Banking Concept. When I first heard of this, I knew immediately it was a revelation from the Lord and that it would change my financial world forever. It has. Not only for me, but for my family and friends. You will prosper because of it, but you must study. I'll do my best to help, but remember: I’m not a financial consultant, insurance broker or World Series prognosticator.
Government and consumer debt is not only totally out of control, but it is unquestionably unsustainable. The smartest financiers in our government have been telling us that the best way to get out of debt is to keep spending. Really? Is that what you do when you're in over your head financially? If so, how's it working for you?
We've been scratching our heads saying, "surely these Washington gurus must know something we don't. After all, they're big bankers and CPA's and financial consultants and stock brokers and hedge fund managers and what have you." Unfortunately, we've allowed these maroons to convince us that the world of finances must be way too complicated for us simpletons. Well, let me tell you. There's nothing wrong with our logic, and things are about to come crashing down as a result of their complete and total ineptness.
Banks engage in "fractional banking" which means they create money out of thin air (akin to printing money) by loaning 90% of money deposited. What this means, simply, is that banks are only required to keep $10 of every $100 deposited in cash reserves. (This percentage is probably higher in light of Quantitative Easing (QE) -- the practice of literally printing money.) Imagine what would happen if depositors made a run on the banks and demanded more than 10% of the money deposited? Right. Panic.
Fractional banking and QE create “inflation” -- the effect of money without real value being pumped into the economy. Inflation (roughly 3% per year) results in all these boom and bust cycles we've been experiencing.
What will soon begin to happen is the rise in interest rates. One way the government makes money is by selling 10-year Treasury Bonds. The government uses the bond buyers’ money for investments, and the buyer gets the interest paid on the bond. The more worthless our money, the higher the interest rates must go to attract buyers. Higher interest rates will ripple through every economy in the world. The question is how high must those interest rates go?
Dividend yielding permanent whole life insurance is a remarkable storehouse for your money because it is, among other things, a hedge against inflation.
Life is studying to show yourself approved. This will change your world. I promise.
**Next time, I am going to simplify the IBC system to the best of my ability. Here, again, are the links … oh, and by the way, I am not in any way, shape or form affiliated with these sites. These people are the originators of the Infinite Banking Concept and are what I am not -- an expert.