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In: Infinite Banking, Retirement Income, Taxes, Whole Life Insurance

More Pondering On Social Security Article from the Nelson Nash/IBC BankNotes “More Pondering On Social Security” Originally posted in BankNotes October 2018 by R. Nelson Nash Earlier in this series of articles I wrote a little bit about Social Security.  But, it kept haunting me that there is much more that needs to be revealed about this unbelievable con game. And so, I offer just a few additional facts about it and my observations of human financial behavior because of it. For instance, recognize that President Kennedy and Sergeant Shriver were the first ones to misuse the Social Security account.  They used Social Security funds toRead More →

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In: Austrian Economics, Federal Reserve, Infinite Banking

The Narrow Bank (TNB) Files Suit Against Federal Reserve by: Lara Murphy Reporting A recent article in Bloomberg explains that individuals representing “The Narrow Bank” (TNB) have filed suit against the New York Federal Reserve for refusing to grant them an account with the central bank. Although Fed officials cite vague “policy concerns” with the TNB business model, cynics think the explanation is very simple: the Fed doesn’t want outsiders to join the club of those eligible for its guaranteed interest payments. Some background: Back in October 2008, soon after the fall of Lehman and as Congress was debating the TARP program, the Fed initiated a new policy ofRead More →

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In: debt, Finance, Inflation, interest, saving, Taxes

The Federal Reserve Raises Rates Hauntings from The Creature from Jekyll Island The Federal Reserve raised interest rates on Wednesday by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent. In a statement that marked the end of the era of “accommodative” monetary policy, Fed Chairman Jerome Powell said the removal of the wording did not signal a policy outlook change. “Instead, it is a sign that policy is proceeding in line with our expectations.” said Powell. “The labor market has continued to strengthen … economic activity has been rising at a strong rate,” it said in its statement. While interest ratesRead More →

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Life Insurance Awareness Month Life Insurance Awareness Month is proudly supported by Legacy Insurance Agency Life Insurance Awareness Month has been supported by Legacy Insurance Agency since its inception in 2004. We believe in empowering our clients to protect their family, and what’s important, with life insurance. Life insurance provides protection for your family and loved ones while allowing you to meet your financial goals. It could be the smartest decision you’ll ever make. Let us help you protect what’s important. Contact Us About Life Insurance Awareness Month Life Insurance Awareness Month was created by Life Happens in 2004 in response to growing concern about theRead More →

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In: Austrian Economics, Finance, Financial Independence, Infinite Banking, Inflation, interest, Money Solutions, Taxes, Whole Life Insurance

Lara-Murphy Report – August 2018 The Lara-Murphy Report’s top priority is spreading the message of Austrian Economics, The Sound Money Solution and Privatized Banking, as described by R. Nelson Nash’s Infinite Banking Concept.  There is no other economic report like it anywhere. In this issue of The LMR… 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. CURRENCY CRASHES: THEY DO HAPPEN – BY L. Carlos Lara Yes, the USD is currently on top,Read More →

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How To Start A Family Bank Business Live Webinar Learn how to start a family bank business in our live webinar. You’ll learn how you can stop paying interest to others and keep more of your money, so you can relax and enjoy life on your terms. Finance your major purchase through your own private reserve that functions like a bank. Use it personally or for business. You must register to attend. (Seating is limited) Follow this link to register “Banking is the most important business in the world.” ~Nelson Nash Discover the dirty little secrets that the big banks will never tell you. Learn howRead More →

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In: Financial Independence, Infinite Banking, Inflation, Taxes

Independence Day Our Independence Day, more commonly known as the 4th of July, is when we commemorate the United States adopting the Declaration of Independence and when we declared our independence from the Kingdom of Great Britain. Independence Day is traditionally associated with fireworks, BBQ’s and family. As we celebrate our Independence Day, let’s remember what our independence really means… The colonists rebelled against the British Crown and taxation. Today, some 241 years later, our country faces a similar situation that would have our founding fathers rolling in their graves. Our federal government is destroying our freedoms and is larger and more oppressive than ever.Read More →

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In: Retirement, Retirement Income, Taxes

Tax Planning – The Time to Plan is Now Tax planning is not deferring taxes in an IRA. We’ve all heard the old adage, “People don’t plan to fail, they fail to plan.” In the case of your IRA or qualified plan, last minute contributions could be setting you up to actually pay more taxes. If you’e pondering the thought of a last minute contribution, just ask yourself these questions… 1. Do you want to live a similar lifestyle in retirement as you have today? 2. Do you think taxes will go up or down in the future? 3. What tax bracket will you be inRead More →

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Asset Allocation MixRisk – Taxation – Accessibility Establishing an appropriate asset allocation mix might sound confusing, but it doesn’t have to be. If you live in or have visited a big city, you’ve probably run into street vendors—people who sell everything from hot dogs to umbrellas in carts—on the streets and sidewalks. Many of these entrepreneurs sell completely unrelated products, such as coffee and ice cream. At first glance, this approach seems a bit odd, but it turns out to be quite clever. When the weather is cold, it’s easier to sell hot cups of coffee. When the weather is hot, it’s easier to sellRead More →

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In: Finance, Financial Independence, Infinite Banking, Inflation, interest

The Federal Reserve MeetingsJerome Powell Testimony The Federal Reserve Meetings with testimony from Chairman Jerome Powell. The Federal Reserve, the Central Bank of the United States, meets regularly to discuss financial issues and economic conditions. Chairman Jerome H. Powell testified before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. on March 1, 2018. Chairman Powell submitted identical remarks to the Committee on Banking, Housing and Urban Affairs, and the U.S. Senate. In his testimony, Chairman Powell said the central bank does not see strong evidence of wage inflation and that there is no evidence that the U.S. economy is overheating. FEBRUARY 27, 2018 MonetaryRead More →