Infinite Banking Concept – How to recapture, recycle and reuse your money.

Austrian Economics and Private Banking

Hundreds showed up in downtown Nashville to listen to scholars of Austrian Economics and practicioners of Private Banking discuss the economy and finance…. BORING! No Way! 


Robert P. Murphy, PhD and R. Barry Page, FRC share a laugh in Nashville.


Robert P. Murphy, PHD, was on hand. He is the author of several books including Capitalism, The Great Depression and The New Deal, study guides to Ludwig von Mises’ Human Action and Murray Rothbard’s Man, Economy and State, as well as co-author of How Privatized Banking Really Works, which was released at the event.

Thomas E. Woods, PhD and R. Barry Page, FRC


Taking a break from his busy schedule, Thomas E. Woods, PhD, resident scholar at the Mises Institute, and the author of the recent New York Times best-seller Meltdown, was on hand sharing his metaphors and Austrian philosophy. Woods new book, Nullification was just released.   

What is Private Banking and what does it have to do with Austrian Economics?   

R. Nelson Nash’s Infinite Banking Concept™ is publicly recognized as one of the most creative financial strategies of this Century and is anchored solidly in Austrian Economics.   

Infinite Banking teaches the process of using your current flow of finances versus consumption of money, for integrating protection and wealth accumulation enabling one to enhance their assets without creating additional liabilities.   

Austrian Economics observes the existence of economic law, inexorable forces of cause and effect that operate very much as other natural laws. It recognizes the laws of supply and demand, the cause of inflation, the operation of foreign exchange rates, and the subjective nature of economic value. Scholars are advocates of property rights and the freedom to contract and trade. It celebrates the contribution of business to society, while doggedly opposing taxes, price controls, and regulations that inhibited enterprise.   

Infinite Banking embraces the Austrian Economists view of economic law by providing you an opportunity to escape conventional thinking and free yourself from financial slavery. Becoming Your Own Banker is not a tax-qualified idea of any sort. The Income Tax Law, as we know it today, has only been around since 1913.  Life insurance has been around for over 200 years and is not a creature of any tax code.  It is nothing more than like-minded people contracting with one another to solve a financial problem.   

On the other end of the spectrum is Keynesian Economics and the Federal Reserve. The Fed and Keynesians think we can spend our way out of the mess we’re in. They are content with businesses being destroyed and government dependency. Completely contradictory to the free enterprise, small government libertarian viewpoint.   

Bill Dudley, from the NY Fed, recently came out saying that the recovery is a “bit less than expected”! The Fed will continue to spend the publics’ money as it creates money out of thin air furthering our economic problems. At least there was some positive news from the Fed, Bernanke said that extending the Bush Tax Cuts would help maintain stimulus in the economy.   

Currently, the Bush tax cuts will expire for 2011. Here’s what will happen if Congress does not intervine. As it stands now, the marginal tax brackets will expire at the end of 2010. There will be no 10% bracket for 2011, the remaining brackets will return to the original 2001 levels ( 15%, 28%, 31%, 36%, and 39.6%).   

As far long-term capital gain tax rates, in 2010, if you sell shares of stock that you’ve held for more than a year, the gain is long-term capital gain, generally taxed at the maximum rate of 15%. If you’re in the 10% or the 15% marginal income tax bracket, however, you will pay no federal tax on the long-term gain (0% rate applies). So, if you’re a married couple filing jointly, your taxable income is $68,000 or less, you’ll pay no federal tax on the gain.   

Absent any new legislation, in 2011, a 20% rate will generally apply to long-term capital gains. Those in the 15% tax bracket (no 10% bracket in 2011) will pay the tax at a rate of 10%. Special rules may apply for qualifying property held for five years or more.   

Qualifying dividends are taxed in 2010 using the same capital gain tax rates as described above, in 2011 they’ll be taxed as ordinary income.    

The choice is yours… You can follow the socialist viewpoint and build your life around liberal laws and government control or you can educate yourself, practice sound money principles and leave a legacy for your heirs.   

It should be an easy choice,
Barry Page, RFC   

Barry Page is recognized as a leading expert on life insurance and private banking. He is a Registered Financial Consultant and independent life insurance agent who helps clients with tax advantaged investment alternatives. He specializes in showing families how to create system of finance and banking to leave as a Legacy. His practice utilizes the Austrian Economics approach to money and markets.   

His practice is based in Ocean Springs, MS and he services clients throughout the Southeast. He can be reached here:   

Privatized Banking

Privatized Banking Will Set You FREE!

The Golden Rule – “Those who have the Gold make the rules.”

This corrupted twist on the biblical principle that we learned as children holds true today. Unfortunately, most Americans are not saving and thus have become slaves to financial institutions and the government. Even those who are saving have been misled into believing falsehoods about their money.

When we depend on others to provide capital to sustain our lifestyles we all suffer. The consequences of doing so carry a very high cost, and reflect on our entire nation. If we want to overcome this unneccessary burden of dependency, we must learn to control our finances.

Absolute power resides with those who control the money.  Privatized banking is a way to shift the way your money flows, putting you in control. We can not expect to understand how private banking works, or how to capitalize on it, until we realize that our current Federal Reserve policy is designed to plunder ordinary citizens.

In 1913, our Federal Reserve System was formed with the passing of the 16th Amendment. Ironically, our current system of taxation and the IRS were formed the same year This alone should make yoususpicious. You can see a copy of the original 1040 here: .

This system that we live under causes inflation, robs those who create wealth through taxation without recourse, discourages savings, punishes investing, causes bank failures, and creates economic programs that promote welfare.

Now our country is on the verge of collapse because of the federal government seizure of power through centralized banking. More importantly, our freedom as a nation is at risk, and we must regain control now!

By returning money to the competitive, private sector we can recapture our freedom and create consistency in an uncertain world. Learning how to privatize your banking will give you confidence, and allow you to free yourself from financial slavery. 

The Infinite Banking Concept™, created by R. Nelson Nash, teaches you how to control your money and create wealth without having to depend on financial institutions and the government. All of the details for creating your own system of finance are laid-out in the best-selling book, Becoming Your Own Banker™, available here:

You can learn more about the Federal Reserve and fractional reserve lending here:

I encourage you to educate yourself by reading books on the subject. One such book is The Creature from Jekyll Island, available here:

The time to act is now, before we lose our freedom as a nation. Take control of your finances and create your own privatized banking system. Your future and your family’s future depend on it.

Until next time,
Barry Page, RFC
Infinite Banking Coach

Barry Page is a registered financial consultant and licensed insurance agent.  He teaches families how to create wealth by taking control of their finances and creating their own privatized banking system. His office is located in Ocean Springs, MS and he can be reached via the web at


Learn How To Create Your Own Family Banking System Using the Infinite Banking Concept™

Imagine recapturing all the money you normally pay for your car, and recapturing all the interest you paid if you financed it.  Imagine making the same profits as the banking institution that financed it.

Picture your “bank” expanding as you create a system for finance for your family.  See your branch banks growing as your family grows.

Infinite Banking teaches the process of using your current cash flow for finances versus traditional consumption of money methods.  By integrating protection and wealth accumulation one can enhance their assets without creating additional liabilities.

How does it work? Think of it this way, if you had your own grocery store would you buy groceries from a competitor’s store? If you owned your own bank, would you borrow money from a competitor’s bank? Most people agree that if you own a business, it makes sense to fully utilize that business and all its assets for not only your business but also for your personal needs. Yet that is not generally what happens especially when we make significant purchases such as cars, equipment, and homes.

By following some simple steps you can use available savings and cash flow to build your own “bank”. You can fnance things you buy through your own “bank” with loans from your “bank” to you. You then repay your “bank” exactly the same way as you would repay the financial institution you would use otherwise.  Building a system of banks increases your personal wealth.

Consider this, “we finance evetything that we buy.” We either pay interest or we give up earning interest.

Here’s the problem, the average American pays 34.5 cents of every disposable dollar to interest! And, we are not saving enough money. Currently the American savings rate is near its’ lowest in history, comparable to what it was during the Great Depression. Yet, most people are more concerned about earning interest than paying interest. Even if we were saving 10% of our income (the U.S. average is less than 3%), that would mean that our ratio of paying interest to saving is 3 to 1. Rather than fighting a head wind, wouldn’t it make more sense to create our own perpetual tailwind?

You can using the Infinite Banking Concept™. Though this concept has been around as long as the process of arbitrage, Nelson Nash was the first to explain in it in an easy to read book,
Becoming Your Own Banker™. The book details how anyone can create their own banking system using ordinary, dividend paying, whole-life insurance.

While the book has it’s skeptics, and some naysayers have even called it a scam, the process is undeniable. You will need a coach, preferrably a qualified life insurance agent that practices the Infinite Banking Concept™ themselves. Don’t expect to buy life insurance direct from the company, or ask the home office how the process works, they won’t know.

So, if you are tired of paying your hard earned money to the banks and financial institutions, and you want to recapture this interest and deposit it into your own bank, then read the book. You’ll learn the basics, see lots of examples of how you can use the concept, and understand what it means to be an “honest banker.”

You can purchase the book Becoming Your Own Banker™ here:

Stop Paying Interest and Start Earning Interest Now! The possibilities are infinite…
Until next time,
Barry Page, RFC

Barry Page is a Registered Financial Consultant and Infinite Banking Coach. He is a licensed life insurance agent and principal agent at Legacy Insurance Agency, PLLC. He publishes and