AIG and life insurance derivative Wall Streeters come to mind, when we explore those with the most to gain from the coming mandatory health insurance imposed upon Americans. All the while ARM problems (Adjustable Rate Mortgage) and the CRE crisis (Commercial Real Estate) have yet to be addressed, i.e. Wall Street NEEDS this bailout in the form of Health Reform to delay catastrophe a bit longer.
Economists at University of Missouri-Kansas City explain,
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...Wall Street packages assets (home mortgages, commodities futures, and life insurance policies) so that gamblers can speculate on outcomes. If you lose your home through a mortgage delinquency, if food prices rise high enough to cause starvation, or if you die an untimely death, Wall Streeters make out like bandits.
Health insurance works out a bit differently: they sell you insurance and then the insurer denies your claim due to pre-existing conditions or simply because denial is more profitable and you probably don’t have sufficient funding to fight your way through the courts. You then go bankrupt (according to Steffie Woolhandler, two-thirds of US bankruptcies are due to healthcare bills) and Wall Street takes your assets and garnishes your wages.
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Friday, January 1, 2010
Health Reform = Bailout in Disguise?
Saturday, August 8, 2009
Socialism and Politics
Special interest groups have historically applied impractical socialism ideals to captivate supporters amidst economic hardships.
Political process rundown
The scheme from the (evil) interest group’s perspective.
1. Allow or influence existing political will to undermine the economy, therefore lowering living standard. As power generally leads to corruption, even
2. Initiate campaign, appear empathetic of the peoples’ outrage at the existing government, business owners for job cuts. Pacing remains crucial in bypassing the critical factor, i.e. by appearing to agree on issues off various levels, the audience becomes more inclined to accept any following suggestions readily. (A common speech pattern utilized by US politicians.)
3. Through all media channels, promote needs for equality, sharing, friendship and helping… This is where the distraction, brainwashing takes place; “…give us a chance to lead, and we will make other people work and pay for your life style, yay!”
4. Once in power, terminate all potentially opposing forces so as people begin to see the truth, they have already become helpless. When Mao’s communist party triumphed in
What about wealthy areas like Europe and
2 words: Global Warming
