Carlos Laura and Robert Murphy have done a brilliant job explaining the need for privatized banking. While not facing the idea of using life insurance as your own private bank head on, they start by explaining the need for privatized banking, and how the idea of Infinite Banking can solve that very issue.
Very good read to better understand the overall need to move money away from the federal banking system, and toward privatized banking.
From the Author’s website (www.usatrustonline.com):
The powerful combination of Austrian Economics, The Sound Money Solution and Privatized Banking, as described by R. Nelson Nash’s Infinite Banking Concept, is the “new” idea in this book.
“Lara and Murphy have demystified fractional reserve banking, and made it clear: We’re getting ripped off!”
– Dr. Thomas E. Woods, Jr. Author of the New York Times bestseller Meltdown and The Politically Incorrect Guide to American History
“Read this book and learn how you can personally secede from our crumbling monetary regime and improve your financial future while undermining this insidious system of government controls.”
– Dr. Thomas DiLorenzo Professor of Economics, Loyola University Maryland, Author of How Capitalism Saved America, The Real Lincoln, and Hamilton’s Curse
What if there was a solution to government intervention and our current money madness? Would you hesitate one minute in wanting to know what it is? Of course not! No one would. The problem is so pervasive that a solution seems impossible and yet, there is a solution. This solution’s only requirement is the action of a single person acting in a manner to help only himself, but in so acting ultimately he helps all of society.
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Solid fundamental information regarding "money".
This is a good book to understand the banking world. I highly recommended. It is kind of dry though.
Even as someone whom has already read many books on Austrian economics I was still able to learn a few things from this book. I also learned a great deal about the Private Banking concept and plan to participate myself