Trying To Understand Infinite Banking

“People just don’t play their proper role in the scheme of things. They have abdicated their opportunity/responsibility as it pertains to the banking function in the economy. They are depending on someone else to perform that job–and that character in the play is making most of the money!”

Nelson Nash

We’ve talked a bit about Whole Life Insurance and, while it’s seemingly not as glamorous as Classic Cars, Oriental Rugs or Luxury Watches, it’s actually a very exciting subject. Primarily because it’s a suitable product to create an Infinite Banking System.

The Infinite Banking System is most closely associated with Nelson Nash, and his book is great. But I’ll be honest – it’s not easy to understand in one go. Our traditional banking system isn’t easy to understand either, even though it might seem easy. If it were, I’m pretty sure we wouldn’t constantly have issues with banks on the verge of collapse.

So it’s tempting to read through Nash’s book, through up our hands and say “I can’t get that!” Which I think is a real loss. So in the interest of not being defeated by a subject, we found this short video:

This video is far too short to fully explain banking or the Infinite Banking System, but it helps get the mind started, which is all we need to start to understand. In particular, note the interest rate spread between the deposited money and the loaned money. It looks like it’s 16%, but it’s actually magnitudes greater.

Over the next few weeks, we’ll share more articles and videos that break this concept down into smaller ideas that are easier to comprehend and try to demonstrate how powerful the Infinite Banking idea can be for anyone. In the meantime, it might be good to ask a question – banking is so hard for us to understand, is it equally as challenging for the people in the banking industry understand it?




More Posts

Sourcing, Servicing and Selling Your Car with Speciale Auto Concierge!

The guys in The Corner talk to Keith Williams from Special Auto Concierge, a unique company with two extreme passions – taking care of their customers and a love of automobiles. At SAC, the automobile goes far beyond basic transportation. They are part of history, one of the highest expressions of art. Listen in on the conversation as Jason and Eric discover what makes this company “speciale” when it comes to buying or selling a classic car.

Financing the Exotic Car with Steven Posner of Putnam Leasing!

Can you lease a classic car? The short answer is “yes!!” Join the guys in The Corner today, talking to Steven Posner of Putnam Leasing. Since 1983, Putnam Leasing has been designing leases for drivers who ultimately want to own their cars. As a result, there are many term, residual and payment options available. Putnam leases are unique to the lessee – it’s uncommon for two leases to be structured alike. Each and every lease is designed for that particular client’s needs. With leases up to $1M, Putnam may be the answer to “how can I finance my next classic?” Listen in and find out!

Shirley’s Way with Mike Mulrooney & Shawn Murphy

Shirley’s Way is known for a variety of events, and the one we here at CCC admit we love the most is the Grease Knuckle’s Car & Bike Show, which will take place on May 14, 2022! Listen in and learn more about the show, the foundation and an all-around good time for a great cause.

Extraordinary Race Cars Built in the USA – Devin Sports Cars with Kevin Callahan!

Today Jason sits down with Kevin Callahan from Devin Sports Cars for a wild ride! Listen in and hear why founder Bill Devin of Devin Enterprises was once called “The Enzo Ferrari” of the Okie Flats. Bill has been  described as a conjurer, an enthusiast and “Crazy like a fox,” and Kevin  will tell us why! Bill’s spirit lives on in today’s Devin, limited  edition, small production cars for the racing enthusiast. Join us to  learn how Devin combined American and European styling, the evolution of  the first Devin cars into today’s model, the special qualities that  make a Devin and – most importantly – can you buy one?!?!

Xtreme Xperience with Adam Olalde!

Ever wanted to drive a supercar on a racetrack? This week’s guest is the guy to make it happen! Jason talks with Adam Olalde, President and CEO of Extreme Experience. This company believes the world’s most exciting cars should be accessible to you. They deliver world-class driving experiences at more than 40 epic driving destinations nationwide, allowing every day people to explore America’s best backroads from the driver’s seat of an exotic car or experience the adrenaline rush of racing a supercar on a racetrack with no speed limits.

The 1941 Chevrolet Pick Up Truck with Bridgette and James Morris

This is a fun one! The guys visit with Bridgette and James Morris and do a deep dive into their 1941 classic Chevrolet pick up truck. This is the stuff our show is made of – real people with cool cars, getting into the nitty gritty of their rides. This iconic truck is a marvel for the eyes and Bridget and James’ stories will capture your heart! Listen in and find out why people fall in love with cars!