Duryea Financial Podcast

In this episode, I cover the topic of *INTEREST* in the Infinite Banking Concept, which is the most widely misunderstood topic in infinite banking.

I talk about policy loan interest, and why paying it is actually a good thing, even though we often feel like it's not.

And I talk about paying yourself interest, which is often mistakenly confused with policy loan interest, which is a fatal error.

Enjoy!

In this episode I review an article by Carlos Lara on Austrian economics and the history of modern deposit banking. Modern fractional reserve deposit banking is the worst, most evil and disturbing financial problem in the world today. It is legal fraud and counterfeiting, it victimizes private property owners, is a crime to society, and yet the bankers of the world get away with it on a daily basis. The infinite banking concept is a powerful concept that helps people on a real, practical level achieve an exit strategy from this banking problem, which is the cause of inflation.

In this episode I review pages 19-20 of Nelson Nash's book Becoming Your Own Banker, in which he describes the gory details of starting your own commercial bank, some of the evils of the modern fractional reserve banking, and then describes the cogeneration system of financing that already exists with life insurance, and how to tap into it.

In this episode I review pages 17 and 18 of Nelson Nash's book Becoming Your Own Banker, in which he demonstrates that over 30% of every dollar that the average American earns is spent on interest to the banks, how this is a problem in how we think, and how learning to think according to the concepts of infinite banking is the cure for that problem.

In this episode I discuss pages 14-16 of Nelson Nash's book Becoming Your Own Banker, highlighting the importance of imagination over knowledge, and the concept of theft as a horrible evil that erodes wealth.

It does no good to stop the world from stealing from you, if you're going to simply steal from yourself.

In this episode I review pages 12-13 of Nelson Nash's book Becoming Your Own Banker, in which he describes the painful circumstances in his own life in the late 70s and early 80s, and how those horrible circumstances were actually the birthplace of The Infinite Banking Concept™. It is what King David referred to in Psalm 23, "You prepare a table before me in the presence of my enemies."

In this episode I continue my review of Nelson Nash's book Becoming Your Own Banker, the opening chapter on pg. 11.

In this episode, I tell the story of how my infinite banking story began in 2018, and how it simply made my life better.

I'm a better person today because of The Infinite Banking Concept®.

I recorded Papa John Senne (my wife's grandfather) reading from the gospel of Matthew, chapters 5, 6, and 7, Jesus's Sermon on the Mount.

Today I talk about the top influential people in my life since this journey of infinite banking began.