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The idea is to own stocks from people lives.This is the way to make really big money
Let’s say I am earning 1,000 usd/year and I will live for 60 productive years.
If I buy an insurance every year for 50 usd/year, that means that 5% from my life I am working for AIG masters.
Also I am working for Nokia (every 2 years another phone), Audi (my ever changing car, with high devaluation rate), Citibank (interests, commissions, etc), Wall-Mart (food, water, …), Pfizer (drugs), Coca-Cola, local mafia, US government (through taxes) etc…. all of them own a piece of me. I work full percentages of my life for various masters. I am slave on their backyard. Because I choose to buy various stuff from them, in order to get some sort of added value.
So, the bet in how to make big money is to own from as many people a larger stake as possible. The US state is the biggest master. You HAVE to pay that master, otherwise IRS comes after you and you go to jail.
So, if you want to have a business, consider how can you make as many slaves as possible. There you have the BIG money
Some 2-3 years ago, an insurance agent from AIG came to me to convince me to make a life insurance. He bla bla’s about how beautiful is the service… After he finishes the presentation in a glorious light, to turns to me and ask me what do I think.
I asked him: “What will happen if AIG will go bankrupt? My bank deposits are guaranteed by state, but money invested in an insurance company are invested in stocks, that are very fluctuate”.
The agent reply, self-sufficient: ” Haha. AIG will never go bankrupt. Is impossible. Is the biggest company.”
Now I have this satisfaction that my question is correct. And imagine that AIG is in shit now WITHOUT a major claiming problem. Imagine that they would had to pay for WTC events now, when they said that have a hundreds of billions of dollars hole.
Well, AIG will not go bankrupt. Because they will not let them happen. If they do, the whole financial system will crush like a pack of cards…