Our Mission

"One continually exerts oneself to find the most advantageous employment for whatever capital one can command. It is one’s own advantage, indeed, and not that of the society, which one has in view. But the study of one’s own advantage naturally, or rather necessarily, leads one to prefer that employment which is most advantageous to society... One intends only one’s own gain, and one is in this, as in many other cases, led by an invisible hand to promote an end which was not part of one’s intention."

—Adam Smith, An Inquiry into the Nature & Causes of the Wealth of Nations. Volume I, 17591 (Modified)

Within this modified quote by Adam Smith resides the fundamental premise for the concept of the Infinite Banking Concept (IBC). The overarching motive as this concept reveals focuses primarily on benefiting all of society utilizing the power of self-interest.

The genesis for IBC evolved out of a conversation between a businessman and an economist of the Austrian School of Economics. That conversation, a form of conversion between the parties, was later summarized in the introduction to the book, How Privatized Banking Really Works with the broader elements of this strategy spelled out in the remainder of said book. Yet at the very heart of this How Privatized Banking Really Works book, is Nelson Nash’s Infinite Banking Concept (IBC) as it is presented in his book entitled, Becoming Your Own Banker. Both of these books now serve as the textbooks for the IBC. For an in-depth explanation of the central themes of their message, it is recommended both books be read and studied. Embedded in Dynastic Life’s mission is a vision of a goal, and this goal requires the participation of a large number of individuals all believing one self-interest.

The intent is not to remove one -ism’s shackle to replace it with another. The intent is eternal freedom. The intent is to engage the consciousness of individuals via self-interest. From a number’s perspective, it is believed that a 10% realization is necessary for a change to amount to any significant progress. This number, 10%, is not random. Quite to the contrary, the number is calibrated by scientific research and historical examples to support it. These studies and historical samples serve as part of the inspiration to Dynastic Life’s mission.

The one self-interest being referred to be held in the minds of ones are the tenets of the laissez-faire market economy as exemplified in a free system the name as to which oneself defines. One’s system must, however, be held with extraordinary conviction in order to prevail and ultimately be implemented. It is the collective that determines the course of history. In his magnum opus, Human Action, Mises made a statement that one could use as a point of reference that can yield as a starting point for the “crux” of the matter. He said, “The masses do not conceive any ideas, sound or unsound. They only choose between the ideologies developed by the intellectual leaders of mankind. But their choice is final and determines the course of events… it determines the whole process of human history.”2

Dynastic Life’s effort is to educate those searching/seeking this concept and content not taught in our schools and universities and fan the flames already ignited by others with a belief that a great change can seemingly bring about an overnight transformation when the “stars are aligned”. The more the collective increases, the closer to the “tipping point” the goal is realized.

There is one primary “challenge” within the approach. In spite of these valiant efforts, the goal of gaining ground is widening. Although the information exists, as to a perspective explanation of, the real problem is far superior to with regards to interpretation, the solution offered, which is the spreading of the concept through sharing, lacks one very important, but absolutely necessary ingredient—individual incentive for the masses of society.

What is known is that knowledge alone cannot advance very far or very quickly unless there is behind it an individual incentive for spreading the concept to others. Some way, somehow, one desires to benefit immediately from the message of the concept, or one just doesn’t bother passing it along. This is the main characteristic of one’s self-interest that resides in each individual human being. Since bondage today is very clearly represented in the financial terms, the solution must be effective in releasing the individual from financial bondage as close to immediate as possible and without reservation. Only a strategy of this caliber creates a strong enough reason to share with others it’s benefits.

Yet how is such a financial concept even possible when government has seized and cartel-ized the institutions of income and banking? Incredibly the solution, a way out, is in learning how to take control of one’s income and the banking function with one’s finances. This can be accomplished as described by Nelson Nash’s Infinite Banking Concept (IBC). This is the perhaps the most favorable missing “link”. In other words, there is no need to wait for the government to ride in on the proverbial “white horse” and become one’s savior. There is no need for Sound Money or Sound Banking to be incorporated into public policy for real change to occur. Taking control of one’s income and the banking function in one’s life can be done immediately, and it can be done by virtually anyone and everyone! Here, for perhaps the first time ever since the inception of the Federal Reserve Act of 1913 and since the Federal Income Tax passed into law that very same year, is a formula that actually has the power to free one from government control and one’s expectation of government, peacefully and legally.

Search for the Perfect Investment

In order to change certain ideologies of one’s thinking, Dynastic Life seeks assistance in sharing our mission. It is not necessary that one be versed in financial matters. The current system is filled with financial surrogates that are proponents of the system that have delivered a large number to an “ill-advised” drink. This is by no means meant as an attack. One only knows what one knows. It is necessary for everyone to be taught or understand the precepts of sound economics “first”, in order to have a unique perspective and vantage point to avail oneself. By one educating oneself in the principles of sound economics, a sound solution such as the Infinite Banking Concept (IBC) can be implemented one by one.

Financial professionals are in the business of selling financial security to the public and are privy to an enormous array of financial products and services to accomplish that end. Conversely, the public is always looking for that perfect investment to use as a storehouse for their income and to keep it earning a rate of return that reaches the level of passive income. One looks to a financial professional for guidance in these matters. Unfortunately, not only are there no such things as perfect investments, financial products and services offered by the financial services industry ultimately fall short of providing the results most needed by the average individual simply because of the government controlled economic environment in which financial advisors have been trained to offer potential clients. Fortunately, the Infinite Banking Concept (IBC) is neither a product, nor an investment. Instead, it is an accumulation and cash-flow management concept that utilizes dividend-paying Whole Life insurance as the means for the purpose of taking control of one’s income and the banking functions in one’s finances.

At this point in the discussion, the mere knowledge of the tool used within this concept’s infrastructure turns many people away. They can’t believe it. Yet if one is willing to go further in and do one’s own research by examining content contained on Dynastic Life’s website and perhaps even discussing the concept, one may realize what many refer to as the best kept secret in finance. Once one understands how the Infinite Banking Concept (IBC) works and implements the strategy for oneself, one more individual is added to the ranks of those understanding the Infinite Banking Concept’s (IBC) unique potential. That individual can be you!

And so it goes, one individual at a time with each receiving benefits and freedoms not thought possible due to one’s present economic circumstances and environment. The financial advantages of this concept can only be alluded to as they are truly infinite. And with each new recipient of the wisdom, of controlling one’s income and the banking function in one’s life, new opportunities emerge that are beneficial immediately and showers financial benefits to future generations. However, it is very important to realize that nothing significant in terms of a national movement without sharing the wisdom as long as the numbers stay under 10%. But once that 10% critical mass is reached— the “tipping point” occurs and according to the scientists at the Rensselaer Polytechnic Institute of New York— the idea turns into an exponential expansion. At which point a new era prevails. Be one that brings about the tipping.

Wrapping It Up—Doing the Math

The financial services industry is by far one of the largest in our entire economy and it is also the most government-regulated industry. It consists of several money intermediaries, also known as “middlemen,” and each is divided into financial sectors with each sector having a larger network of trained financial professionals that offer advisory services to assist an individual or a business with saving, investing, or borrowing money. The “pool” of financial professional being referred to here, not only includes these types of financial professionals, but it also refers to attorneys and accountants due to their active involvement in educating one about one’s income.

In Chapter 2 of How Privatized Banking Really Works, the total amount of financial professionals in the financial services industry was stated to be approximately 746,000, yet attorneys and accountants were not added to this total. These two categories were merely referenced as being “legion.” The point being that this total number rounded up to 750,000 is very conservative in terms of how many financial professionals are actually in our economy, as the statistics referenced below will seek to show.

According to the U.S. Department of Labor Statistics, the insurance sector (life, health, disability, property and casualty) listed estimates of 374,700 positions of which 272,050 were insurance agents as of 2014.3 According to the U.S. Department of Labor Statistics, estimates for securities, commodities, and financial services sales agents were listed at 354,600 as of a 2014 report.4 However, FINRA’s website shows 643,298 registered representatives as of October 2015.5 Common sense tells us that there is possible overlap in these numbers, however, already the conservatism in the original total of 750,000 is revealed and the banking industry has yet to be factored in, which is the largest sector of all.

According to figures put out by the American Bankers Association as of 2013 there are 2.1 million salaried workers in the banking industry of which 25% are in financial supervisory and financial management positions—that’s an additional 500,000 financial professionals!6

If the 1.3 million lawyers in the U.S. according to the American Bar Association’s 2015 listing7 are included and Accountants, many of which are CPAs, at 326,720 as of 2014,8 these numbers start to add up.

Here again, there is overlap in a lot of these classifications of financial professionals, but it can seem that there is a substantial pool of financial professionals, as many as 2 million. Within this army of financial professionals, there will be push back on this concept. Yet there will also be an awakening of those that see this concept as valid and viable. Ask your financial advisor to review the content on Dynastic Life’s website to understand if it is accurate or inaccurate. It is your income that is at risk. Wouldn’t you want to know?

Now, let’s continue with the math. According to research conducted by anthropologists at Oxford University, every individual has a contact base of stable social relationships of at least 150 people. This is known as “Dunbar’s Number,”9 named after British anthropologist Robin Dunbar. His study was extended to also examine a person’s closest friends, which can be anywhere from 5 to 15 individuals, some of which are family members and represent a person’s support group. Thereby, taking the later of these numbers, the 10% can be reached assuming this calculation: 15 x 150 (your circle) x 150 (your circle’s circle) x 150 (your circle’s, circle’s, circle) = 50,625,000. Once again, overlap will reduce this number. Assuming a 40% reduction, there would be a 30,375,000 collective at which the 10% would be reached and a “tipping point” would be achieved.

Our intent is never to convince one as to what is said. One has already had enough of that. It is to get one to question what one has been taught to “know”, repeat.

If one has never done this type of calculation for oneself then more than likely one would potentially dismiss the building of the 10% as unrealistic. If that is the case then there is but one to take that responsibility, Dynastic Life, the business behind supporting the Infinite Banking Concept IBC) and it’s goal, for not breaking down these numbers more understandably.

Mobilizing the 10% critical masses

Nonetheless, it is necessary to understand that mobilizing the 10% is not a fantasy. It is serious work with major social, political, and economic implications. Therefore, Dynastic Life promotes not waiting for someone else to come to the rescue of “One”. Dynastic Life’s desire is that not “One” slips through the crack.

JOIN THE MOVEMENT!

References:
1. Adam Smith. An Inquiry into the Nature & Causes of the Wealth of Nations. Volume I, 1759
2. The Quotable Mises, Mark Thorton Editor, Copyright 2005, Ludwig von Mises Institute, from Human Action
3. U.S. Department of Labor and Statistics, Insurance Sector — http://www.bls.gov/ooh/sales/insurance-sales-agents
4. U.S. Department of Labor and Statistics, Securities Industry — http://www.bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm
5. FINRA, Website for Securities Representatives — http://www.finra.org/newsroom/statistics
6. American bankers Association, Banking Statistics — http://www.aba.com/Tools/Economic/Documents/Businessofbanking.pdf
7. American Bar Association, Lawyer Population Survey — National Lawyer Population by State – 2005- 2015 (pdf )
8. Bureau of Labor and Statistics, Occupational Employment of Accountants and Auditors, May 2014 — http://www.bls.gov/oes/current/oes132011.htm
9. Dunbar’s Number, The New Yorker, The limits of friendship, Maria Konnikova, October 2014 — http://www.newyorker.com/science/maria-konnikova/social-media-affect-math-dunbar-number-friendships https://en.wikipedia.org/wiki/Dunbar’s_number
10. Ludwig von Mises, Human Action, A Treatise on Economics (Auburn, Alabama: The Ludwig von Mises Institute).