The Shocking Truth About the Federal Reserve's Impact on Your Money (Ep. 289)

Mary Jo recaps two big things: a must-read book for understanding our money system, and her refresher training in Houston on the Truth Concepts calculators.

If you've read Becoming Your Own Banker and gone down the rabbit hole of fractional reserve banking, "Creature From Jekyll Island"  by G. Edward Griffin is the next start — how $1 in the bank lets the system borrow $10, why that devalues our dollar, and who met on Jekyll Island to pass the Federal Reserve Act.

Mary Jo also breaks down why crypto is not the answer for her, what really happens to a whole life insurance infinite banking  policy if the dollar crashes, and how she'd use policy loans to buy land, drill wells, and buy real assets instead of holding paper dollars.

Then the Houston part: Todd Langford created his calculators to prove Nelson wrong on the infinite banking concept  — and got proven wrong. Mary Jo shares the refresher on qualified plans / 401ks for business owners, future requirements ($10-30M in tomorrow's dollars), taxes vs. rate of return, and the unseen rate of return when you borrow to create infinite banking explained  cash flow externally.

Bottom line: don't just park money. Use it entrepreneurially to make more money.

Buy the book: https://www.WithoutTheBank.com/Book

Email Mary Jo: MaryJo@WithoutTheBank.com

Chapters:

00:00 – Money Is to Be Used, Not Sit Idle

01:13 – Welcome

01:44 – Fractional Reserve Banking and Nelson's Rabbit Hole

02:30 – Creature from Jekyll Island: 600 Pages, Fed 10-to-1, Oreos Example