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In: Taxes
19 Jul 2009…and find out what thousands of people will never know.
I am going to share with you a concept that makes so much sense; it might make you angry that nobody ever shared it with you before now.
Perhaps, Sam Walton said it best, Capital is not scarce vision is.
John Q. Adams wrote in 1829 that,
All the perplexities, confusion and distress in America arise from downright ignorance of the nature of coin, credit and circulation.
The same thing that John Adams mentioned in 1829 holds relevant to today. People are still bewildered. This is because they do not understand banking and how it really functions. They have never been exposed to this truth. However there is no reason to be troubled about this. Misunderstandings about banking and money are prevalent here in America. John Maynard Keynes said:
There is no subtler or surer means of overturning the existing basis of society than to debase the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which only one man in a million is able to diagnose.
If Keynes a widely recognized economist of his time said it would take one in man in a million to be able to recognize this problem, don not kick yourself too hard because you did not recognize this before now. But do take a deeper look at reality so that you will be able to recognize the facts so you can stop throwing money away.
Take an honest look at your situation. You routinely throw away 30% to 40% on every dollar that you earn (after paying taxes.) This is because everything you purchase is financed. Check it out! You either pay interest to others so you can use their money; or you lose the interest that you would have earned on your own money. Either path you take suffers defeat. This is the effect of the banking equation!
Of course this is not the way things have to be, it is a proven fact that the using cash values from a life insurance policy as your private banking system is very effective. You can Become Your Own Banker through the practice of the Infinite Banking Concept. This is explained in the book, Becoming Your Own Banker, by R. Nelson Nash. By practicing this concept, you will be able to capitalize on your own debt, but this time you will be the winner not the banks and financial institutions.
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