The Wealth Without Wall Street Podcast cover image

Banks Failing? What Should I do Now?

The Wealth Without Wall Street Podcast

CHAPTER

The Risks of Infinite Banking

Insurance cannot lend out more money than what they have on deposit. We cannot borrow money against our life insurance policy that does not exist. If we had all $4.8 million loaned out and we came over here and got another million dollars and loans, now we've got 5.8 million out, but only 5 million total. They would be upside down. So when people talk about how do they use infinite banking, you have to have the money there.

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