Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Life Insurance vs Traditional Banking 👨‍👩‍👧‍👦🏦

17 Jun 2023 · 1 min

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Short excerpt from a YouTube video ("Life Insurance vs Traditional Banking" by Richard Canfield, June 17, 2023) contrasting life insurance companies and conventional banks. Speakers state that life insurance companies cannot "inflate their money pool" while conventional banks can; they present a thought experiment claiming that if all money were evenly distributed, within 10 years 97% of that wealth would be controlled by 3% of the population.

Questions this video answers

10 years

The differentiating.
Factor is that.
Life insurance.
Company cannot inflate their money pool, whereas.
The conventional.
Bank can and certainly does.
And so, recognizing the fundamental.
Truth that your money must reside somewhere, what better place to have it reside than here? As Nelson would ask. And if you.
Refer to the beginning of his book when he talked about.
If we were to take all of the money on the planet, regardless of currency, and we were to distribute that evenly to every human being on the planet, it's been said that within.
Approximately.
10 years, 97%.
Of that wealth would be controlled by 3% of the population. That is because the 3%.
Know something that you don't.