Vic­to­ria Grant on Bank Fraud

The True Lessons of the Recession

The West Can’t Bor­row and Spend Its Way to Recovery

by Raghu­ram Rajan

Raghu­ram Rajan is Pro­fes­sor of Finance at the Uni­ver­sity of Chicago
Booth School of Busi­ness and the author of Fault Lines: How Hid­den
Frac­tures Still Threaten the World Economy.

For­eign Affairs May 2012 True Lessons of the Recession

Click link above for the article

orig­i­nal arti­cle link: http://faculty.chicagobooth.edu/raghuram.rajan/research/papers/FA%20May%202012.pdf?goback=.gde_3194930_member_114651426

The Car­los Lara and Robert Mur­phy Report:

fea­tur­ing Nel­son Nash, the man who wrote the book that started it all; Becom­ing Your Own Banker.

3 speaker/authors from the Aus­trian School of Economics

Build­ing the ten percent — 2012-LMR

Click link above to view the article

Orig­i­nal Arti­cle: http://infinitebanking.org/wp-content/uploads/2012/01/2012-LMR.pdf

As Good As (Bet­ter Than) Gold!
by Kevin Lasko

My dad passed away on July 8, 2011 from a mas­sive heart attack at the age of 89. He was a great man and even bet­ter father. He was also an avid coin col­lec­tor, noth­ing high end, but he really enjoyed look­ing at his col­lec­tion and show­ing my chil­dren. He also had a few 1 ounce gold bul­lion coins which he gave to me after his pass­ing. He always liked hav­ing “a lit­tle secu­rity money” if any­thing ever hit the fan!

A recent pol­icy pre­mium notice came in the mail for one of my chil­dren in Feb­ru­ary with a due date of March 1, 2012. The base pre­mium for this pol­icy is $1,727.12 with an orig­i­na­tion year of 2000. This is a “plain vanilla” whole life pol­icy with a large mutual com­pany. It has no paid-up addi­tions rider on it so I am “stuck” with only putting this amount ($1,727.12) in the pol­icy. With the run-up in gold over the past few years, I won­dered if “cash­ing in” a 1 ounce gold coin would be pru­dent to pay for the pre­mium or do I “let it ride,” as gold has done noth­ing but go up in the last 8 – 10 years? With the eco­nomic prob­lems in this coun­try as well as world­wide it is a good safety net.
I began my research!

On Feb­ru­ary 28, 2012, spot gold closed at $1,788. This is fairly close to my pol­icy pre­mium with a lit­tle extra to take my wife out to din­ner. The same day I called up my life insur­ance com­pany and asked them the fol­low­ing ques­tion: “If I make my pre­mium pay­ment of $1,727.12 how much will my child’s pol­icy cash value increase?” After a few min­utes, I was told that the cur­rent cash value in the pol­icy was $8,776, and with the cur­rent pay­ment plus the addi­tional div­i­dends and inter­est due, the cash value would increase to $11,168. After a lit­tle 3rd grade arith­metic, I cal­cu­lated the dif­fer­ence to be a gain in the pol­icy cash value of $2,392 or $665 above my pre­mium pay­ment.

No deci­sion had to be made. Do I think gold is going to gain an addi­tional $665 in the next year or should I guar­an­tee the $665 gain in my pol­icy now?
Hey dad, your grand­child says, “Thank you!”

The Top 10 Rea­sons NOT to BUY Equity Indexed Uni­ver­sal Life

Pros­per­ity Eco­nom­ics, April 17th, 2012

The Top 10 Rea­sons NOT to BUY Equity Indexed Uni­ver­sal Life
By Todd Lang­ford, www.truthconcepts.com Mt. Enterprise,Texas

Insur­ance com­pa­nies have put numer­ous pages on the front of Equity Indexed Uni­ver­sal Life (EIUL) illus­tra­tions that describe the issues below, but most peo­ple (by design) will not take the time to read and under­stand what these pages are say­ing.  I would encour­age you to read those pages thor­oughly before depend­ing on an EIUL pol­icy to increase your assets or pro­tect your family.

Sim­i­larly, Uni­ver­sal Life (UL) and its cousin Vari­able Uni­ver­sal Life (VUL) have some of the same prob­lems so I’ve spelled out the issues below and placed an * next to the ones that are spe­cific only to EIUL.  As stated ear­lier, all Uni­ver­sal Life poli­cies are a side fund (money mar­ket for reg­u­lar UL, mutual fund-like sep­a­rate accounts for VUL, and index fund-like accounts for EIUL) plus annu­ally renew­able, or one year increas­ing pre­mium term insur­ance for the death benefit.

More »

This is me prac­tic­ing for my work­shop pre­sen­ta­tion. I will be pre­sent­ing this 1 1/2 hour work­shop on Sat­ur­day 28th April 2012.

Watch Part 1 here — Money Man­age­ment Work­shop 16:19

Watch Part 2 here — Money Man­age­ment Work­shop 5:15

Watch Part 3 here — Money Man­age­ment Work­shop 18:39

Watch Part 4 here — Money Man­age­ment Work­shop 19:19

Watch Part 5 here — Money Man­age­ment Work­shop 28:10

Time­line: The His­tory of Life Insurance

The his­tory of life insur­ance is almost too big to fit on one time­line. It spans from today all the way back to 100 B.C., when Caius Mar­ius, a Roman mil­i­tary leader, cre­ated a bur­ial club among his troops. When a mem­ber died unex­pect­edly, other mem­bers would pay for the funeral expenses. Sim­i­lar clubs fol­lowed suit, as Romans believed improper buri­als led to unhappy ghosts. Even­tu­ally, the clubs started includ­ing a stipend for the sur­vivors of the deceased.

After the Roman Empire fell, life insur­ance didn’t reap­pear until 1662, when Lon­don draper John Graunt dis­cov­ered pre­dictable pat­terns of longevity and death in a defined group of peo­ple, despite the uncer­tainty about the future longevity or mor­tal­ity of an indi­vid­ual per­son. A few decades later, in 1693, astronomer Edmond Hal­ley con­structed the first mor­tal­ity table to pro­vide a link between life insur­ance pre­mium and aver­age life spans.

It wasn’t until 1732, though, that the first insur­ance com­pany in the United States formed in Charleston, S.C., and life insur­ance wasn’t added to its prod­uct line until 1760. In 1756, Joseph Dod­son reworked Halley’s mor­tal­ity table, link­ing pre­mium rate to age. By 1759, the Pres­by­ter­ian Synod of Philadel­phia spon­sored the first life insur­ance cor­po­ra­tion in Amer­ica for the ben­e­fit of Pres­by­ter­ian min­is­ters and their depen­dents. Epis­co­palians orga­nized a sim­i­lar fund a decade later.

After that, life insur­ance really took off. Check out the inter­ac­tive time­line below for the rest of the story. And if we’re miss­ing some­thing impor­tant, send an email to banderson@sbmedia.com, so we can add it.

Browse the his­tor­i­cal time­line here.

The Roth­schild fam­ily bank wins. This is a con­cep­tual bank not a char­tered bank like you see on the corner.