Posted on 02/21/2022 10:37:12 AM PST by E. Pluribus Unum
Yogi Berra called and he says he’s got Deja Vu like it’s the 2008 financial crisis all over again.
In 2008, formerly staid and respectable mortgage lenders found themselves at huge risk from stupid government policies forcing them to lend to people who could not pay back. Never fear, they had spread the risk in the secondary market, which should have had a stabilizing effect, but ended up more like a circular firing squad with banks toppling like dominoes.
History does not repeat, but it rhymes:
In 2021, staid, respectable, and conservative insurance companies suddenly found themselves at huge risk from bad government policies over Covid and adverse reactions to the vaccines, with a statistically improbable increase (average 40%) in insured deaths among prime working age people. Edward Dowd (a former BlackRock stock picker) said in interviews with Steve Bannon and Alex Jones, that life insurers turned to the reinsurance market to diversify their biggest risks, and paid premiums which did not look like a good deal at the time, but may turn out to be brilliant business.
As Dowd said, who will be left holding the bag? Will it turn into a circular firing squad of risk handoffs that will bring down most of the insurance market? Also, insurers do not like to pay out for risks they didn’t factor in – in France, some life insurers are trying to classify death by “voluntarily” taking experimental vaccines as suicide. In the USA it is more likely to become huge litigation against big Pharma, unless the government bails out the insurers.
Actually, it is clear, just as it was in 2008, who will be left holding the bag – the people, through increased premiums, increased taxation, and increased money printing.
As a nice note, an article on TownHall.com asked if the unvaxxed will have the last laugh – what if the unvaxxed, like non smokers, got a better price for life insurance?
The 2008 financial crisis was caused by the government too.
This would implicitly admit the unvaxxed are safer unvaxxed and are in a group thats a better risk group than fhe vaxxed.
Except that would be a conspiracy theory and you would therefore be a racist.
If the insurance companies were smart (they are) they would get to the bottom of all of this and prove it is an act of war or act of terrorism. Likely there is a non payout clause relating to those situations in most policies.
The government will never allow that to happen. It would be "discrimination".
And way too embarrassing to admit that "The Narrative" (safe and effective) was false.
But if they continue with "mandates", we will eventually see revenge killing of public health officials and corporate executives who ordered them.
I expect they will declare victory over COVID-19, award prizes, and drop the "mandates", state-by-state.
An estimated 400,000 people have died from the secondary effects of the mRNA treatment. (Heart attacks, strokes, embolisms leading to gangrene, assorted neurological failures, etc.). The insurance company data suggests that the final total could be much higher. Maybe the surviving family members will forget about all that.
The government does not want to admit any such thing. Neither do the insurance companies. Non-payment on millions of life insurance claims would end that industry.
I expected that insurance companies will eat their underwriting losses and government will make it up with enormous tax exemptions for their investment operations. It will be an extortion where the insurance companies will conceal their actuarial data (which might get public and corporate officials lynched) in exchange for the tax concessions.
And of course, premiums for new policies will increase.
With any luck, the public will never catch on to the fraud.
Of course, plans do not always work as expected.
Wouldn’t it be karma. We can’t sue pharma but the life insurance companies can.
So can the pharmaceutical companies.
It will be a battle of elephants.
"When elephants fight, the grass gets trampled" (Proverbial)
“what if the unvaxxed, like non-smokers, got a better price for life insurance?”
The insurance industry already discriminates against men. Women get better rates than men. Been legal for ever.
“I expect they will declare victory over COVID-19, award prizes, and drop the “mandates”, state-by-state.”
We may see some unexpected shorter terms for the governors and mayors not going along with your posting.
Even in the Gruesome state of California, many cities/counties have quietly dropped many mandates like masks.
Some of our stores dropped the mask mandates as much as a week before the state “allowed” the drops.
The teacher’s unions will be the toughest and the last re dropping the mandates.
Of course, they do. That is politically acceptable. Men are supposed to pay for everything. And they generally do. Especially when they are married and supporting families.
They don't have different rates for race. That is politically unacceptable. Some races might riot. The actuarial findings be dammed then.
They won't have different rates for the "vaxxed" and the "unvaxxed" because that is also politically unacceptable.
Government created the COVID-19 problem and worsened it with the "vaccines". This was an intentional direction set by psychopathic political and corporate elites. A widespread understanding of this would lead to their execution.
The governments and insurance companies will make a deal in an attempt to cover their exposures. It will not involve something so visible as higher insurance rates for the "vaxxed". Because, "we're all in this together".
After all, who are you going to believe? The Authorities, or your own lying eyes?
That is the plan anyway.
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