Are My Ears Ringing Or Is That The Bell Tolling At Lloyds?

If a system is so important that it can never be allowed to fail even when a virtual paper laden “gold” ship sinks, then why do we even need insurance?  If you can’t experience a loss, then there’s no insurable risk.  With the institutionalization of moral hazard now official through the mutualization of soverign debt, would the offsetting trade be the liquidation of the present value of all future insurance contracts?  What is the present value of all future insurance when divided by an infinitely “quantitated” money supply?

http://tradewithdave.com/?p=14578

2 comments on “Are My Ears Ringing Or Is That The Bell Tolling At Lloyds?
  1. ronron says:

    interesting, as always.

  2. Hucklebuck says:

    Zero.

Access The Max Keiser Podcast
Weekly Downloads, live Q & A Session and exclusive video posts from Max and Stacy

Subscribe Learn More
Buy Gold Online
Watch the latest Keiser Reports: