New World Order – Not to pay Insurance
So, what is insurance? It is a small amount of money that
you have to pay to recover in case you lose some big money. That is the basic
that you are advertised about and you believe. You think that you are paying a
little amount and that is important because if you lose some big amount then
you are going to be reimbursed with. And that is true. Now take it collectively
across all the customers of the same company that you have insured. How much
money is at stake and how much is being repaid to the customers?
To start with, let’s just think about all the insurance
companies and the policies. There are policies ranging from a few months to
decades. These companies are getting the premiums from the customers in order
to create a lump sum which they have as the capital from which they can pay any
claims. So it looks cool that whenever someone cannot meet the need with their
pocket, the insurance company comes in and saves them. That is really cool.
Now, how much is collected from the customers and how much
is paid to the customers? What are the salaries of staff at the insurance
companies and what are the commissions paid to the agents? And at the most
importance, why is insurance needed?
The practicing of insurance began almost four thousand years
ago. It began so that the merchants are saved from risks of losing their
merchandise. This is how it all started. Today, your health is not merchandise,
but your healthcare is. If you look
closely, the insurance is a practice that was started is being operated for the
benefit of the merchants; not for the customers.
If you are familiar with statistics then you would have
learnt a little bit on how the insurance companies fix their premium. They take
the records of incidents and then analyze the record statistically and then fix
the premium and the terms in a way that the company will always benefit.
For a very simple example, if the insurance company is to
provide insurance against automobile accidents on the road, then they will
collect the statistical information on the particular type of accident. Let’s
say that this is a company insuring globally, and let’s this policy will be
sold globally. So that company will take statistics globally.
If there were one billions automobiles and there were one
million accidents a year, then that is the basic data that they start working
with. The first thing they do is to set up a maximum limit of the payment that
they make in the worst accident. If they fix that price at around, per say, one
million dollars, then they will multiply this number with that of the number of
accidents a year.
Since we had one million accidents per year and the maximum
claim would be one million dollars, the multiplied figure would be a trillion
dollars. Now, they fix that price first. If they went through some really bad time
and if they had to pay one trillion dollars, then they would lose nothing. This
is what they have in mind so that the premium is decided based on the
statistics. What they will also set up is a target number of policies sold.
So they will analyze the market and make an assumption and
set up a target number of policies. In our case, if there were one billion
automobiles then they will set up a target number. Let’s say that twenty
percent of all automobiles in the world are insured by this company. That is
two hundred millions.
Now they will divide the total risk amount of one trillion
dollars by the number of policies; two hundred million. That is 5,000 dollars. If
they would sell all two hundred million policies within one year, and for five
thousand dollars, they will have enough money to pay for all the accidents in the
world that year. But wait; we assumed that only twenty percent of the automobiles
are insured by this company. That means, if all the accidents occurred only to
the customers of this company, and to the fullest claims, this company will
still be able to pay everything; and in full! That is like one million dollars
to each of the one million accidents.
Of course this is a pure assumption. Let’s get a little bit
practical. Now, let’s distribute the number of accidents between all the
automobiles. Now our company has only twenty percent of the automobiles
covered; so that it will have to deal with only twenty percent of all the
accidents in the world. That would be only two hundred thousand accidents. And another
practical thing is that the insurance premium is often set up for years. So let’s
say, the period of the insurance is ten years. Now the company has to pay for
two hundred thousand accidents into ten (years). If all the accidents were paid
to the fullest claim, then it would be one million dollars (per accident claim)
into two hundred thousand (the number of accidents this company will have to
cover per year) into ten (the total years to pay). That is, two trillion dollars
over a ten year period. Now you know what the policy premium per month per customer
is.
Divide two trillion dollars (the sum of claims) by two
hundred million (the number of policies) by 120 (the number of months in ten
years) this would be around 8.4 dollars per month. Okay, it becomes a little
bit unbelievable for you, but please bear with it. Now, we had taken an
assumption that there were only one million accidents in a year. Let’s increase
that number to ten million accidents per year. That is to say one percent of
all the vehicles in the world will meet with accidents at least once a year. In
that case, the premium amount per month will be like 84 dollars.
If you look carefully, our calculation is for all claims to
be to the fullest. Let’s say only 6 percent of the claims are to the fullest.
The normal distribution graph goes something like this below. And let’s
increase the accident percentage to two; that will still be at 168 dollars per
month premium. If you take a look at the numbers, then you will see that the possible
maximum amount that the company will have to pay is much less than what you
pay.
The basic profits would be more than enough to pay the rents
for buildings, staff salaries, travel and transport, paperwork, stationery and
all the other expenses that the company has. That is not the only profit the
company gets. An insurance company actually earns through the other networks it
has. That money collected from you goes into the share markets and foreign
currency exchange markets. Now, you have placed your money in as a capital so
that the company can now do more business in more areas where you will invest
again. Just take a look at the chart below, you
will know what I am talking about. And that is not the best part. The best part
is that you don’t have to pay a single dollar on insurance since you are paying
taxes already.
The taxes are there for the
government to provide you with the things you need. If the government cannot
provide you with safety and recovery, then what do we pay the taxes for? And where
does the tax money go? Banks are the ultimate answer to most financially
sinister questions. If you have taken insurances and have purchased insurance
policies, then you are people with precautions. I appreciate that, but do you
really have to pay for your insurance monthly?
So, in a New World Order system, there will be liability to
the insurance; that is you are eligible for a recovery in case of an unwanted
event but you are not liable to pay. Anyway, in my New World Order system,
there is not going to be money and there is not going to be trade so that no
businessman can rip you off and no bank can steal your earning.
I am establishing a New World Order and I am on the go. I am
not really looking for supporters and I don’t really care about the people who
oppose because I know there are millions of people already in support to me; just
waiting for me to come and stand up. What I am trying to do is to make people
understand why they want a New World Order or why they don’t.
