the enemy: insurance and reinsurance

the enemy: insurance and reinsurance

my pet theory called private market inflation covers this: you make money by inventing money out of thin air, thus inflating the money supply

insurnace can't be for profit: if you pool money in case something goes wrong, you can't then have a profit sliced from it; it has to be government run; meaning money must be allocated to unlucky without having "profit" sliced from it

This is huge. Look at AIG and Freddy mac.