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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 →