Eradicating Poverty through “Privatized Banking”

Photo by Wylly Suhendra on Unsplash

Problem

Solution

“If we gave handouts rather than a hand up, we would have to raise THREE TIMES the amount of donations.”

Lend to My People

“If you lend money to one of my people among you who is needy, do not treat it like a business deal; charge no interest. If you take your neighbor’s cloak as a pledge, return it by sunset, because that cloak is the only covering your neighbor has. What else can they sleep in? When they cry out to me, I will hear, for I am compassionate. — Exodus 22:25–27

I tell you, use worldly wealth to gain friends for yourselves, so that when it is gone, you will be welcomed into eternal dwellings. — Luke 16:9

Multiplied Impact

Conclusion

“Economic problems are best solved by people freely contracting with one another and with government limited to the function of enforcing those contracts. The absolute best way to do so is through the magnificent idea of dividend-paying whole life insurance. It has more in common with banking than it does with life insurance. A better name would have been a ‘banking system with a death benefit thrown in for good measure.’ It has been around for over 200 years and stood the test of time. It is not compulsory. It is not a government sponsored idea. It preceded the income tax idea by a long time. It is Private Property! Also, the only people who participate in this idea are people who truly care about other people. What a great group of people to be engaged in business with.” — Excerpts from ‘Becoming Your Own Banker’ by R. Nelson Nash

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Austin L Garner

Austin L Garner

9 Followers

Founder of Disciple Wealth Strategies. Serve God & Master Money (Luke 16:13)