Gregory Wonderwheel
Recent Activity
Gregory Wonderwheel commented on What are hedge funds? on March 28, 2009, 12:05 AM
Hedge funds shouldn't be regulated, they should be outlawed. They are nothing but gambling syndicates where people are gambling on "how money does" as if they were gambling on how horses do. These are not "investors" they are just gamblers who are gambling with the money system and perpetrating a fraud on the public.
Gregory Wonderwheel commented on Dambisa Moyo on Regulating Banks and Hedge Funds on March 28, 2009, 12:00 AM
Ms. Moyo is an apologist for the wealthy gambling system. What we need to do is outlaw hedge funds and prohibit banks from being able to create money in the first place. Also usury laws need to be reinstated to prevent credit interest in amounts greater than 10 percent. If people like Ms. Moyo won't attack the problem at its root then nothing will change.
Gregory Wonderwheel commented on Paul Krugman Deconstructs the Healthcare Debate on March 27, 2009, 11:40 PM
"Medicare for all" HR 676 is the way to go even in the midst of this world of politics. Paul, you misspoke here in a way that does disservice to the universal health care cost. You are equating a private health insurance plan with the doctor one goes to. Medicare for all may mean giving up one's "insurance plan" but who cares? People want good care, not good insurance. Medicare for all doesn't necessarily mean having to give up one's own health care provider and that is the message that people need to be reassured about.
Gregory Wonderwheel commented on Paul Krugman on the American Political System on March 27, 2009, 11:32 PM
I respectfully disagree. Mr. Krugman itemizes several of the broken pieces and them comes to the conclusion that the system is not broken. This USA political system is broken because it is a two-party dictatorship wherein the fundamentalist belief in the economic system is not open to debate. Unless a person accepts the economic premises of the wealthy rulers of this society then that person does not get to have political credibility. Take Dennis Kucinich for example. Under a very specific set of localized circumstances he was able to get elected to Congress. That doesn't mean that democracy is alive and well, because the main stream media and the people who control the Democratic Party do everything they can to undermine his credibility and marginalize him with the public. The progressives in Congress are the voice of the largest segment of the nation yet they have virtually no power in Congress. That is the sign of a broken system. I'd bet that if we had a fair multi-party system and not a two-party dictatorship that almost all of the progressive caucus would leave the Democratic Party.
Gregory Wonderwheel commented on Re: How do you explain the high salaries of hedge fund managers? on March 28, 2009, 12:15 AM
"Delivering returns" is the same justification for the high earnings of the managers of successful drug cartels and gambling casinos. The hedge funds should be outlawed because they are nothing more than gambling syndicates that are using other people's money and the whole public monetary system for their own gambling enterprise. When people go to Las Vegas casinos they know what the game is. The hedge funds are a fraud upon the public that has only shown its true nature in the last year or so as a criminal enterprise risking the well being of the nation's economy with a gambling syndicate.