Jeanne Calament  the oldest person on record 122 yo. When she was in her 90's someone bought her life insurance policy. The person who bought it died before her.

I cannot help noticing that all these schemes require already existing large funds of disposable income! 😂

You forget that when you make a claim on insurance not only did they already beat the money on investments they also jack up your payments to cover what they paid out on top of that. An absolute criminal scam.

“Underwriters went out of business paying out.” AKA they declared bankruptcy instead of paying the owed premiums. Typical

Mole people.   Don't forget to include the cost of fighting the mole people when bidding on mineral rights.

The goat channel. No stupid introductions, straight to the point, from the get go!

This is why I will die on this hill... Insurance is a scam

No 6 the Cobra Effect.  Yeah worked at enough firms that had a bug bounty funny how so many bugs got found just after it was announced

My uncle started refinishing furniture in his parents garage in HS. Sold the company for over $1M in his 20s, bought a dying bowling alley, turned it into a modern glow bowling alley that thrivef. Sold it for a huge profit. Meanwhile the people who bought his refinishing company had ruined it so he bought it back from them at a fraction of what they sold it to him for.

1:47 This is why it is imperative to get life insurance with living benefits that cover critical and terminal illness, injury and alzheimer's disease!

The debt delinquent thing still has a loophole - the person that defaulted on cc or loans made those deals with the bank. The bank can sell the debt, but the person never made deals to make payments to anyone else. They aren't obliged to pay another entity their debt because they made no contracts or agreements with them. It's more of a bluff - if the person knows their legal rights or not.

Fun fact number 3 is how dad gave mom and me a house.

I always read that those sunkin ships were insured, so what you claim even hundreds of years later, you have to pay off the insurance company first. So the only sure things in life are death, taxes, and insurance 😅

I see and love the approach... No unnecessary information, just straight to the point.
Thank you.

"you can profit massively by not being superstitious" is really good life advice actually.

"A house with a Netflix documentary attached to it" 🤣🤣

About that stigmatized housing... My parents rented a home in 1974 (I was six at the time) and we knew nothing about the home except it was for rent and checked all the boxes. Day we moved in I am in the basement playing, noticed an old dresser in the corner covered in dust, just caked on everywhere. Start going through the drawers, dust everywhere inside the drawers. Open the bottom drawer and find a perfect Oreo cookie looking like it just came out of the box, no dust on it at all yet when I picked up the cookie there was a ton of dust all around it. Took a bit, it was fresh. That was weird #1. A few days later I am playing again in the basement with a toy that was a plastic airplane attached to a string. The plane was not powered, you just pushed it along the string. The string broke, the plane came off the string and started flying around the basement for about 15 seconds before dropping. This was not a plane which could fly even if you threw it yet it did, unpowered and aerodynamically a brick. Then the real shit started happening. Every morning at 3:10am we would hear a loud thud from the basement, everyone would wake up and end up in the kitchen (access to basement was door in the kitchen). Kitchen lights were on, door to basement open, basement light on. No one had turned any of these lights on nor opened basement door. This happened every night. Then the furnace stopped working in the winter. My Mom called HVAC who came out, told my Mom she was crazy as everything worked fine once he showed up. My Mom talked to a neighbor about the strange occurrences and the neighbor was very surprised the Realtor had not told my parents about what happened in the home three months before we moved in.
Guy who owned the home and built the home lost his wife to cancer. He was so despondent he hung himself in the basement from the water main pipe and they found him a few days later. My Dad called the new landlord and told him we were moving out and he would be lucky if we did not sue. We were gone within 48 hours.
I am not a person prone to fancy and neither were my parents, they were very scientifically minded, but we simply could not explain what we had encountered. Very creepy.

00:00 The Float
01:04 Viatical Settlements
02:14 Mineral Rights Flipping
03:20 Zombie Trademarks
04:23 Tax Lien Certificates
05:27 The Cobra Effect
06:30 The Delinquent Debt Economy
07:37 Psychological Stigma Depreciation
08:44 Multiple Arbitrage
09:55 Maritime Salvage Law

@03:23 - Blockbuster is not dead.  There’s still one in Bend, Oregon.  I have a membership card to that store.

Speaking of land , all these billionaires, corporations buys  farmland , and  entire neighborhoods paying millions for each  property , yeah some build data centers , and need the water rights to cool them down , but it doesn’t matter if data centers will no longer need that much area or water in the future bc  as technology improves, they will own the land and everything that is under the surface .. it’s a win win for them .. and we will be living in cluttered cities like a bunch of animals