I looked over How Privatized Banking Really Works.
Contrary to my expectations, the book ends in suggesting that people invest in term life insurance in order to not only improve their lives but to also to improve the economy as a whole by keeping money out of the inflationary state backed banking system.
The concept is that if you purchase and invest in whole live insurance (you are doing both), you can get access to low interest loans because the loan is perfectly collateralized by the death benefit which can just be reduced if a loan is not repaid. You also earn dividends if you use a mutual company and your cash value increases based on the profits of the funds conservative investments. Also, much of the benefit is tax free.
Whole life is not easy to understand IMO, but that is my attempt at summary.
What do yall think of this as both an investment strategy (assuming one values the commensurate insurance as a product) and as a method of being part of a voluntarist solution to the problem of statism?
Sorry, topic should have been posted in the economic section..