Has anyone else noticed?

Anyone who invests in a foreign investment, secondarily immediately is in the foreign exchange market.

 

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No one wants to get into an accident. To suggest making someone buy insurance makes him less likely to be involved in an accident simply isn't true. As for those whack-jobs out there all messed up on drugs, or alcoholic housewives drinking, texting and driving at the same time, -I don't think the concept of insurance accuarial tables enters into their conscious prior to getting behind the wheel.

 

My Friend! That is a marvelous reply! Thank you for taking the time to write it!

Amanda

 

The comment made was that the world would be a better place without insurance. No educated or thinking person can hold this position, in my opinion. The examples of the benefits of insuring against all sorts of unpredictable but severe life events are too numerous to be ignored. I suppose a case could be made to permit people to opt out of purchasing all insurance. At least it would help remove them from the gene pool.

 

Insurance is nothing but a numbers game with the insurer always coming out on top. It's really nothing more than a form of gambling, the house always wins. And there is no opting out. Ever. Insurance industry sponsored legislation that forces everyone to buy their product, insures (pun intended) no one ever gets to leave their casino. The abuses of the industry go all the way back to Crassus in the Roman Empire. Which, to anyone unfamiliar with the story, is a must read. Suffice to say, when Crassus' enemies caught up with him, he was alegedly executed by having molten gold poured down his greedy throat in an effort to permanently quench his thirst for other people's wealth.

 

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Crassus tried to invade Parthia, and was defeated. Its true that during plays they would pour liquid gold down the throat of the head, but that was a form of a victory dance showing the richest Roman could not defeat them.

I am pretty darn sure the Parthians never bought car insurance from Crassus.

 

Crassus was an insurance man, make no mistake about that. Fire insurance to be specific, though he probably would have covered a quadriga if the driver didn't have too many moving violations. That his ego exceeded even the depravations of his greed should come as no surprise to anyone, and wealth wasn't enough, he sought glory. His reputation preceeded him in any case, there wasn't anyone who didn't know who he was. The Paris Hilton of ancient Rome.

 

Well, I prefer to pay $1500 a year instead of risking any morning I could cause an accident that would wipe out my life savings. Same with all other types of insurance I buy. I can afford them, and the risks they take away is worth it for me. I like that other motorists have to have insurance, as it allows my insurance premiums to be lower, and if they are going to be on the road with me I believe I should be safe from financial harm if they crash into me.

As for health insurance, I am completely against forcing anyone to have to buy it, since it doesn't directly affect me. I agree with you there.

CHris

 

Really? You wouldn't care to guess who pays for the uninsured that visit ER's, would you?

 

On a car with liability and collision insurance, the liability portion is always multiples of the collision unless you drive an extremely expensive car. What I propose is not the elimination of insurance, but rather the voluntary participation of those who CHOOSE to purchase it. In your own case, you would be allowed (but not forced) to buy insurance that would cover the possibility that you would be involved in an accident that was of no fault of your own. The insurance could include disability or loss of life if you so chose to pay for it, at a level that you chose (not one chosen by a jury).

 

That is a function of government policy. They create that issue, not me directly, so its a sham that they now say they have this "solution" to the exact problem they themselves create.

In the old days, an ER visit entailed a bill you had to pay of you were not insured. Its only government action that makes hospitals eat these bills.

 

You mean the government makes uninsured people so sick they need to visit the ER? And you really think hospitals eat these bills and they don't pass the costs on to the rest of us? Fascinating.

 

Of course they pass it along, I could write you a book on how its done sir.

I am referring to the fact government passed laws not allowing them to pursue those who go to ER's in many cases, and not allowing them to turn them away. Many ER visits are for non-emergencies that poor people and illegal aliens use and their primary doctor because of these laws passed by the government.

The losses from ER visits that hospitals have to pass along to the rest of us is ONLY because of governmental laws. Go back 70 years and see the difference.

 

Seems to me we need to figure out how to deal with the way things are rather than the way they used to be. We live in a country which so far hasn't decided to kick its less fortunate individuals to the curb. Makes me proud to call myself an American.

 

I have read reports that stated the Fed has used a lot of pressure to force private banks to sell large lots of gold when the price runs too high. This is to keep the dollar from being greatly devalued. I cannot tell if the report is true, but it would explain why the drop. I doubt that much money was moved to a different commodity when gold was still rising without some outside influence. Of course once the price starts to fall, the computer trading programs issue instructions to sell, which adds to the pressure.

But if you plot the lows as turning points they still chart upward. I am holding for now. Getting small amounts of silver for long term holding.

 

Hello

This is an excellent post and I have taken notice of it. Where did the banks get all that gold?

Amanda

 

My thoughts exactly. In an environment where nations around the world are in a race to debase their currency to pay off an exponentially growing and unpayable debt it seems to me that conventional wisdom may lead one astray without carefully examining all the factors. Just because something worked before doesn't mean it will work this time around, and with all the risks in today's scenario I feel much more comfortable holding something that has value in spite of whatever may come. Currency is only viable as long as monetary policy is sound, which it is not. Bonds are only viable as long as soverign debt is manageable, which it is not. Stocks are only viable when people have enough faith in the system to keep their money in it. Precious metals might very well underperform all of these things, but they do not carry any of the inherent risks.

 

Hello

Excellence analysis of the situation. So if a drunk man runs over the highway divider and kills your child, God forbid, there should be no fault and the you should be satisfied with the 100,000 dollars to pay for the car.

Just burn all the lawyers.

Why haven't America come to see that?


Amanda

 

Unemployment will go up unless these young mothers stop having babies and get a job. I admire the young mothers and fathers who have a baby and are trying to get a job instead of popping out babies every year to get welfare and child money from the government.

 

Dear Sir, although this is true, i never said any such thing. And FWIW, I do not suggest you by insurance when you drive, it is already the law in most civilized places.

Dear Sir, that is not relevant.


Amanda