The Politics of Banking

The politics of banking are being broadcast in realtime for everyone to see. 24/7 news cycles and social media now allow average people to get involved with their lawmakers and have their voice heard.

My Story with Banking… By: Barry Page

And personally, I couldn’t be more excited to know that the Federal Reserve is being exposed for what it really is, a cartel. For more than a decade I’ve beat the drum, along with fellow Austrians and Infinite Bankers, to share the truth about money and how privatized banking really works.

When first introduced into the financial services and insurance business, I was told not to talk about two things, politics and religion. But, I’ve been a contrarian, arguing just the opposite as I teach my clients freedom and liberty from the banking regime.

During the late 80’s and early 90’s, as I prepared for my career, I interviewed with multiple stock brokerage firms and financial institutions. Fortunately, I felt led in another direction and decided to go at it on my own and start a business.

Because I had paid my on way through college working in a commission sales and marketing internship, I had confidence that I could be successful.

The Varsity Internship Program provided business experience while working door-to-door on straight commission. The lessons were invaluable, and during that time I was able to learn from other great business minds about money and economics.

Later when I entered the financial services business, the life insurance sector was of great interest to me because of what I had learned reading great classics in the book business from authors like Napoleon Hill, Og Mandino and David Schwartz.

Little did I know that these books would later be the fuel that sparked my passion for helping others create financial independence from the traditional banking sector.

Getting to know the financial business, I also quickly learned how banks and insurance companies worked similarly, having been introduced to the Infinite Banking Concept (IBC) by the late R. Nelson Nash himself. Nelson later mentored me as I modeled my business around Infinite Banking.

While getting to know Nelson Nash, perhaps the thing that most intrigued me about him was his wisdom. He was literally a walking, talking encyclopedia on history and economics.

Nelson encouraged my faith and taught me the truth about money. And at the time, in his late 70’s, he was still traveling the continent sharing the Gospel about Jesus and money.

Now after years of experience, I’m attempting to carry that torch that Nelson Nash lit for me. Sharing the message of financial freedom, teaching families independence from the banking industry.

I’ve learned hard lessons, and even I have fallen victim to debt and losses on multiple occasions. However, this has only strengthened my beliefs, growing through hardship like iron sharpening iron.

The Problem with Banking

Banking and Finance

Consumers today face several problems when making major purchases.

Should they pay cash? Lease? Or finance the traditional way? What about the terms and interest rate?

Financial institutions are forever creating incentives to coax consumers into financing with them. Many times, people have no idea what they are signing up for.

Financing will be one of the largest transfers of our wealth over our lifetime, so understanding how to pay for the items we need should be of prime importance.

The problem is all these items are financed through other banking organizations.

R. Nelson Nash, Becoming Your Own Banker

Learning from History

Politics and Religion

In the words of Ziggy Marley, “Don’t know your past, don’t know your future”.

Ziggy Marley, Tomorrow People, Album: Conscious Party

The concept of money and theft is as old as time. Throughout the Bible, God teaches us about money and managing our finances. We were warned of government corruption, and tax collectors have been hated throughout history.

Yet our society has fallen victim to the false promises of the government, and the tyranny of the banking system. We have become dependent on government handouts forced on to us since birth with the issuance of our Social Security number.

Now as baby boomers retire, defined benefit pensions have all but vanished for the next generation. IRS Qualified Plans have replaced them as defined contribution plans (e.g. IRA, SEP, 401k, etc).

Government Math

Taxes and Inflation

The Federal Reserve and The Internal Revenue Service (ironically both created in 1913) have nearly destroyed the dollar’s value in just over a century, creating anxiety and fear for hard working Americans.

Retirees are rightly concerned that their entire life savings could vanish overnight in the markets, or leave them coming up short with income during retirement.

And, according to recent publications from the Bureau of Labor and Statistics, these same retirees have less of a nest egg than ever, and are even more dependent on government programs like Social Security and Medicare.

Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.

Ben Franklin

Unfortunately, Americans today have neither liberty nor safety, they have debt to the banks and government. Most of the wealth they have accumulated has an uncertain tax liability, and is controlled by the banks.

The Central Bank and Politics

After all these years, few know that central banks were created because governments needed to raise money. The Bank of Sweden, England, Brazil and France are all examples of early central banks.

These early central banks helped fund their government’s debt, and were also private entities engaging in banking activities.

The Civil War, with its financing needs, substantially changed our banking system in the United States. And later the Federal Reserve (Fed) was established in a private meeting off the coast of Georgia.

Exposing the Politics of Banking

With bailout money at stake, big banks can’t afford not to lobby lawmakers. Having government on their side also keeps them out of jail, willing to pay hefty fines and immune from political correctness.

Those who have the gold make the rules.

The Golden Rule

Failure to develop layers of risk management could also be catastrophic for bankers. Ironically, the FDIC recommends that risk management for banks include life insurance.

One person who has been instrumental in exposing the Fed and their corruption is former Presidential Candidate and Congressman, Ron Paul. He has recent written extensively on The Federal Reserve and is author of the book, End The Fed.

I was fortunate enough to meet Ron Paul in Nashville several years ago, He spoke at the Night of Clarity in conjunction with the Infinite Banking Think Tank.

Ending the Fed would address the most vexing problems of politics of our time. It would bring an end to dollar depreciation. It would take away from the government the means to fund its endless wars. It would curb the government’s attacks on the civil liberties of Americans, stop its vast debt accumulation that will be paid by future generations, and arrest its massive expansions of the welfare state that has turned us into a nation of dependents

From my personal notes of Ron Paul

What Will the Fed Do?

While the dollar has remained steady in recent months, and the markets are at all time high, it’s hard to predict what the Fed will do. Federal Reserve Chairman, Jerome Powell, seems to be content with low rates and creating fiat money.

Most Austrian Economists are predicting continued stimulus with further printing of money. Creating a boom and bust cycle that pushes America further into debt.

The question really becomes, will the government ever curb their spending? While Senator Rand Paul appears to have faith they will, but lawmakers continue to fightback.

As President Trump says, “We’ll have to see what happens”.

UPDATE on the October 30, 2019 Federal Reserve Meeting

What is the Solution?

Do What Banks Do

Infinite Banking is a valid solution and alternative to traditional financial plans. IBC provides the ability to create generational wealth off the grid, and tax free.

What if you discovered that rates were relevant to the situation? And, that the volume was the real issue we should be concerned with?

In his bestselling book, Nelson Nash explains why the volume of interest we pay is much more important than the rate.

The volume of interest is the real issue, not the annual percentage rate.

R. Nelson Nash

You can learn more about Becoming Your Own Banker, and if IBC might be right for you, by scheduling a introductory call.

Your banking advocate,
Barry Page, IBC Practitioner and Coach

Barry Page is an Authorized Infinite Banking Practitioner.

Barry Page is a Registered Financial Consultant, Managing General Agent and Founder of Legacy Insurance Agency, PLLC. He helps clients with tax-advantaged investment alternatives, and specializes in showing families how to protect their assets, income and lives using a unique financial approach to planning.

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