Shame shame shame!!!
Can you ever imagine making so much money in one year that your income by minute is so extreme as to be unimagineable by most people. Well here’s the story of John Paulson – the multi-billionaire hedge fund royal.
I get that year-over-year he re-invests money into his fund but that just means that his share of wealth only grows larger year-over-year. I would only wish that somewhere this paper wealth gets burned up and resurrected somewhere in my near vicinity…
As the article further entertains, Mr. Paulson laughingly was the third-highest paid behind George Soros and James Simons:
Paulson’s hedge fund has piled up gains of 26 billion since inception in 1994– 3rd biggest killing of all hedge funds. Quantum Endowment Fund, begun by George Soros in 1973, has racked up $32 billion in net gains. Renaissance Medallion Fund, founded in 1982 by James Simons, has delivered net gains of $28 billion.
I hesitate to say that communal wealth is the way to go but capitalism is completely wrong when families like the Soros or Simons clans can start off with millions in the 40s and wend up with billions only some 50 years later. And let’s not forget one of the other investors in some of these funds the Rothschild’s of European royalty and financial fame. Often rumored to be in every national banking structure in the world – from the US Federal Reserve to the European Central Bank to the Bank of China to the Bank of England to even the Russian Central Bank. With such a reach there’s no wonder their name is almost never heard of when you talk about the rich or famous because they are beyond rich and have no need for fame. They shit billions because they have access to trillions.
Shame shame shame! While some people sleep in cardboard boxes on the side of a highway and many can’t find jobs some have so much; some have homes big enough to spend the night in a different bedroom of the house every night and never sleep in that same room again for a whole year.
Where can I get some of that?
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Capitalism is as much of a problem today as is Bin Laden. There is no end to the greed and avarice of “civilized” man!