Insurance is a hedge against uncertainty. Basic term life insurance is a hedge against the uncertainty of death—*when* you are going to die. Whole life insurance is a hedge against the uncertainty of death *and also* a hedge against a multitude of *other* financial uncertainties—how much money you’ll be able to save in the future, access to credit, physical or cognitive disability in old age, etc.
If you have no uncertainties in your life, or don’t value the conversion of uncertainty to certainty via insurance, then don’t buy it.
Not surprised, honestly. Electric bills keep rising here in NC, and the power company acts like they haven’t a clue why it’s happening. Or they shift the blame to some external cause
This is actually true—
Duke Energy guaranteed a $10 million line of credit so the Democrats could hold their 2012 convention in Charlotte.
The host committee never paid it back. Duke simply wrote it off. Shareholders (and ultimately ratepayers) ate roughly $6 million of the cost after taxes.
Jim Rogers, Duke’s CEO at the time and a co-chair of the host committee, shrugged it off as a contribution “for the greater good.”
Years later Lynn Good collected $20–21 million packages—mostly stock and incentives—while North Carolina families watched electricity prices climb and the company sought rate hikes.
A regulated monopoly underwriting one party’s convention, absorbing the loss, then handing its top executives eight-figure pay.
That’s the arrangement.
Boomers didn’t do this. The government created a system where boomers were drafted into a war they didn’t want to fight, then devalued the currency, then created numerous roadblocks for medical advancements that would prevent and treat diseases of old age. The government also created massive shortages that drive up real prices.
The problem is the parasitical politicians and bureaucrats creating problems that don’t exist instead of solving problems that do exist
You're not supposed to afford it. It's an entire industry designed to vacuum up every last dime of boomer wealth before they slip their mortal coils. For thousands of years, you were supposed to die at home surrounded by your loved ones.
Instead the boomers destroyed a high trust society to maximize a number on a graph making it somehow make sense to liquidate your estate so a Haitian care worker can feed you seed oil slop and then smother you in your sleep after your retirement balance hits $0.
Life insurance + chronic illness rider. Very common. Hybrid life insurance + LTC. Less common. The former will do probably 80-90% (or more, depending on the carrier) of what the latter will do and is available from almost any top tier insurer.
Most people never think about this until it’s too late.
If your parents have assets, there are no affordable long term care options for them, unless they are wealthy or have an increasingly rare type of insurance policy that will cover this.
Medicare will not help them, as it doesn’t cover long term care.
Don’t wait until your parent breaks a hip/leg or the dementia gets too advanced to work out your plan to deal with this reality.
They’re not going to afford that bill. This is why you talk to parents about buying life insurance + chronic illness rider and/or LTC rider to hedge that risk
Didn’t realize this was part of the program. Sad. These were great cars
For anyone curious about what it actually looked like to kill a generation of functioning cars, here’s an actual video from 2009 and brief explanation:
The dealer first replaces the oil with sodium silicate solution. It’s a clear-ish liquid that crystallizes under extreme heat. As the engine warms up the solution begins to form small abrasive crystals in the oil system that shred the bearing and score the cylinder walls.
Within seconds of starting the car you can see smoke billowing from the exhaust, this is the crystals scratching the cylinder walls and leaving small grooves for oil and solution to leak past into the combustion chamber and ignite/evaporate, producing the white smoke.
Pretty soon the entire crankcase is full of crystals and freshly shredded metal flakes, the engine seizes. It took about 40 seconds in this video. Some engines reportedly lasted up to 7 minutes, but all were destroyed. That strikes me as sort of sad in a way, like watching a great warrior slowly lose a heroic last stand.
Now, this is the part that gets insanely wasteful. These cars were sent to federally approved recycling facilities where they had 180 days to sell the non-engine parts before they were required to prove that they had shred the entire thing into scrap steel.
But, in talking to a guy who ran one such facility at the time, he typically just sent them straight to the crusher. The timeframes allotted weren’t long enough to dismantle all of the cars, and even if you could, the marginal prices of the parts was greatly diminished. You cannot sell 1000 transmissions when only 50 went bad that year, they became worthless.
So just like that, in order to increase prosperity and save the environment, 677,000 entire running cars and trucks were turned directly into rebar worth a few cents per pound.
The entire Obama administration was like a chapter out of atlas shrugged.
I call bullshit.
Carriers mail annual statements every year which include the loan balance, among other things. The only way this happens is if the policyholder systematically ignores every communication from the carrier for 8 years and throws away their annual statements. So policyholder takes out a policy loan, never repays it, never checks loan balance, never pays attention to annual bills (they bill interest every single year on the outstanding loan principal), and never calls the insurer about the outstanding principal balance and accrued interest and then… blames the insurer?
What did he think would happen? What would happen if you took out a bank loan and then just ignored it for 8 years? You think there would be zero consequences? Ffs, who are these people?
My grandfather paid into a whole life insurance policy for 41 years. $250,000 death benefit, premiums fully paid, policy marked "paid-up" since 2019.
He passed away in March.
My grandmother filed the claim expecting the $250,000 that funeral costs and three decades of planning were built around.
The insurer sent a letter back: the policy had lapsed eleven months before he died. Death benefit owed: $0.
She called, confused, holding a "paid-up" certificate from 2019 in her hand.
The rep explained that in 2015, he'd taken a small policy loan against the cash value, $8,000, for a roof repair, and never paid it back.
Interest on that loan compounded silently every year, invisible on any statement they ever read closely, until the accumulated loan balance finally exceeded the cash value itself.
The moment that happened, the policy automatically terminated for nonpayment, with a single notice mailed to an address he'd moved out of nine years earlier.
Forty-one years of premiums. An $8,000 loan from a decade ago. Zero payout.
The rep said: "The policy loan provision is standard language in section 12 of the contract. It's disclosed at issuance."
Disclosed once, in 2015, before anyone could know it would quietly erase a quarter million dollars eleven years later.
They didn't deny the claim. The policy destroyed itself years before he died, and nobody was required to tell them until it was already gone.
David Lewis | The Rogue Agent retweeted
When the Titanic sank, it carried millionaire John Jacob Astor IV. The money in his bank account was enough to build 30 Titanics. However, faced with mortal danger, he chose what he deemed morally right and gave up his spot in a lifeboat to save two frightened children.
Millionaire Isidor Straus, co-owner of the largest American chain of department stores, "Macy's," who was also on the Titanic, said:
"I will never enter a lifeboat before other men."
His wife, Ida Straus, also refused to board the lifeboat, giving her spot to her newly appointed maid, Ellen Bird. She decided to spend her last moments of life with her husband.
These wealthy individuals preferred to part with their wealth, and even their lives, rather than compromise their moral principles. Their choice in favor of moral values highlighted the brilliance of human civilization and human nature.
The pro-vaxxers were the original anti-vaxxers when they started calling Coley’s vaccine “quackery”. Now they act like all vaccines are the greatest thing since sliced bread, but reject actual scientific methods to prove their drugs work lol.
Would be funny if Strategy bought up a bunch of SATS and then made a preferred that paid 17%
Can someone explain why Strive holds $50M of $STRC on its balance sheet?
They’re collecting 12% from Strategy while offering preferreds paying 13–15%.
It makes no sense to me.
David Lewis | The Rogue Agent retweeted
🚨BREAKING: White House fraud hotline overwhelmed with reports about the Federal Reserve banking system.
David Lewis | The Rogue Agent retweeted
What’s the point?
DOGE uncovered trillions in fraud and they just didn’t do anything about it.
Nothing has changed. If anything it’s gotten worse.
If people don’t want to be responsible for their failures, they will never solve the underlying problem. Every failure will be blamed on an externality, and they won’t find the success they are looking for
Nobody will ever pay you $20,000 to fix their problem if buying from you forces them to admit they were stupid
Rich guys will happily lose $50,000 a month doing the wrong thing rather than sit on a Zoom call & admit to a 24-year-old that they suck at running their business
Look at how divorce lawyers, TRT clinics & cult leaders close people in 10 minutes:
They hand the buyer a scapegoat before they ever ask for money
The TRT clinic tells him his low energy comes from microplastics in the tap water, never his 4 hours of sleep. The divorce lawyer tells her the ex-husband is a clinical narcissist, never that she picked wrong
How to weaponize "Ego Absolution: on high-ticket buyers:
1. Tell the prospect his offer & his work ethic are elite so his ego relaxes
2. Blame an external enemy he already resents ("Your funnel would be doing $300k/mo right now, Meta's ad auction is just taxing you 80% because their algorithm punishes high-ticket offers")
3. Show him the escape hatch once he realizes the failure wasn't his fault
Once his ego is off the hook, his psychological defense drops to zero
When we publish posts on X breaking down how ad platforms rob high-ticket businesses & how we pull $0.25 webinar opt-ins & $5-50 booked calls organically instead, burned founders wire $15k on the first call (yegor. com)
Enjoy Bucko!
David Lewis | The Rogue Agent retweeted
The amount of people here defending property taxes is stunning.
This is how socialist movements progress. Instead of focusing anger on the ones who caused everything to become unaffordable (government), that ire is directed at anyone who owns something people want.
“I’m old. I’ve paid my home off,” said Ray Warner, a 72-year-old Akron resident. “Why would I pay property tax?”
Across the country, homeowners are asking the same question and revolting against property taxes at a scale not seen in a half century.
politico.com/news/magazine/2…
David Lewis | The Rogue Agent retweeted
The whole boomer hate thing is an orchestrated psyop. If you are currently anti boomer you are being manipulated…
I can already hear the whining and moaning if we get rid of the property tax and let people actually own the property they bought. The statists will say “wHo wIlL buIlD tHe rOaDs?!?!” And, “wHo wiLl fUnD tHe sChOoLs?!?” They will call for even *higher* taxes to fix everything.
… ignoring the fact that your average college-aged student struggles to comprehend basic English and rudimentary mathematics after 12 years of so-called public “education”.
And the state of America’s infrastructure is absolutely abysmal. This is not a new development and it didn’t happen overnight. Our roads (and other infrastructure) have deteriorated rapidly under a higher tax regime. Our educational institutions have (if you can believe it) gotten worse over the last several decades. Students are less educated now than they were in the 1950s, 60s, 70s, and 80s. Even the 90s churned out more capable students than what you can hope for today.
We had literally decades to do something about it, and did nothing. Higher taxes didn’t result in fixing a crumbling highway system or a broken education system. So, spare me with your bleeding heart pseudo-communist bullshit. At least the early communists openly acknowledged the corruption, and in fact enthusiastically embraced Samokritika.
Today’s hacks evade everything
“I’m old. I’ve paid my home off,” said Ray Warner, a 72-year-old Akron resident. “Why would I pay property tax?”
Across the country, homeowners are asking the same question and revolting against property taxes at a scale not seen in a half century.
politico.com/news/magazine/2…
Income is variable and/or impermanent while expenses are generally guaranteed and fixed. To the extent there is variability in expenses, they tend to have more volatility to the upside
One of the cruelest things about today's economy is how quickly a middle-class household can lose everything it worked for.
You can have a decent job, an apartment, a car, and a little money saved.
Then you get laid off.
Three months later, the savings are gone.
Six months later, you're carrying credit card debt just to keep up with basic expenses.
And the job applications keep getting rejected.
Meanwhile, rent, insurance, groceries, and loan payments continue showing up right on schedule.
People love to talk about financial responsibility.
But millions of Americans are one prolonged stretch of unemployment away from discovering how little financial security they actually have.
That's a terrifying way to live.






















