I stumbled onto a racket.

When you look at how the federal government spends money, so this is the battle right here, 55 percent, more than half, is on Social Security,

Uhh think about getting life insurance

It's high priority. We should have preauthorization the next few days.

Insurance.

The other type of policies is whole life and whole life is the motivation for whole life policies.

Insurance.

Ah, in that case

The insurance?

An insurance policy.

There are many kinds of insurance such as health insurance, fire insurance, life insurance, etc.

They can no longer jack up your premiums without reason.

The whole point of acts of idiocy is that they leave you totally uninsured they leave you exposed to the world and exposed to your own vulnerability and fallibility in face of, frankly, a fairly indifferent universe.

In fact, that's exactly what they're promising us.

Do you sell insurance?

I will talk about term because frankly term life insurance is simpler.

Biff, can I assume that your insurance is going to pay for the damage?

You're not his attorney. You represent his insurance company.

let's see those zeros cancel out, this zero cancels out, they're getting, over the life of the policy, 1 dollar in premiums for every 100 dollars in insurance.

I just realized that I didn't answer a question that might be burning in your brain because in whole life we talk about the scenario

Because if we're right, it could impact consumer education, food services, public health and even the insurance industry.

It's quite dangerous, but I believe it's better to have dangerous things in the open than think you're going to keep them secret.

I sell insurance.

An insurance swindle.

The answer?

Now let's add another twist on it.

Put it at 0 if you don't.

And, again, it's because of an alignment of the incentives.

What's interesting about Credit Default Swaps sometimes referred to as CDSes is that even though there are insurance for all purposes, they are not regulated like insurance.

The first actor is the Security Council.

Ainsley Crocodile Adventure Park.

I chose to crash this party myself.

Fair enough.

You pay the same.. I would call it very high premium your entire life and so earlier on in your life when you're thirty or forty or fifty.

This is an actual model where we can be asked to optimize what happens.

So one way to think is they get 1 dollar in premium for 100 dollars insurance or if they had 100 Sals they get 100 dollars in premium and the only way they would break even is if only one of those Sal's dies.

Fair.

Fair enough.

Insurance payment, it's on a monthly basis, right?

You're guaranteed to get your 102 back, especially if it's

It's your car. Your insurance should pay.

We have insurance.

Elective surgery. And the boob job that

So maybe we'll cancel some debt and all of that.

That would be from the population, or maybe from the patients, to the insurance companies, that provides the money for the insurance companies to use to pay for the providers.