California State Pension System Makes Madoff Proud

November 30, 2010

Bloody hell.

I cannot even begin to imagine how many financial entities are actually insolvent, but can keep the doors open because rule of fair play have been extended indefinitely.

“CalPERS financial sleight of hand is reminiscent of Bernie Madoff’s lying to his investors through phony statements designed to mask losses and outright fraud.”

Here is a piece of journalism (something most newspapers quit doing some time ago) exposing how CALPERS is rigging themselves up like some deranged suicide bomber.

CALPERS is underfunded by $500 BILLION dollars. Rub your eyes and read that last sentence again. Savor it- it leaves a bitter/sour after taste, does it not? Contemplate how once upon a time the CALPERS financial geniuses were profiled as if they could do no wrong. Turns out, they were the favorite straw man sucker of the TBTF banks. Anyone else recall CALPERS beating their chests with wreaths of unearned hubris? That tired old phrase “but nobody could see it coming” sounds like the last cries of a dying beast.

Some day this entire fiasco will go BOOM! MOTHERFUCKERS! and life here will never again be the same.

Check out the video too- if you have the stomach for it. I can’t watch any more liars today.


“If you want to know what God thinks of money, just look at the people he gave it to. –Dorothy Parker


Say no more

November 26, 2010

Famous euroskeptic Nigel Farage in just under 4 brief minutes tells more truth about the entire European experiment than all European bankers, commissioners, and politicians have done in the past decade. As we have already said pretty much all of this before, we present it without commentary:

“Good morning Mr. van Rompuy, you’ve been in office for one year, and in that time the whole edifice is beginning to crumble, there’s chaos, the money’s running out, I should thank you – you should perhaps be the pinup boy of the euroskeptic movement. But just look around this chamber this morning, look at these faces, look at the fear, look at the anger. Poor Barroso here looks like he’s seen a ghost. They’re beginning to understand that the game is up. And yet in their desperation to preserve their dream, they want to remove any remaining traces of democracy from the system. And it’s pretty clear that none of you have learned anything.

“When you yourself Mr. van Rompuy say that the euro has brought us stability, I supposed I could applaud you for having a sense of humor, but isn’t this really just the bunker mentality?

“We had the Greek tragedy earlier on this year, and now we have the situation in Ireland. I know that the stupidity and greed of Irish politicians has a lot to do with this: they should never, ever have joined the euro. They suffered with low interest rates, a false boom and a massive bust. But look at your response to them: what they are being told as their government is collapsing is that it would be inappropriate for them to have a general election. In fact commissioner Rehn here said they had to agree to a budget first before they are allowed to have a general election.

“Just who the hell do you think you people are? You are very, very dangerous people indeed: your obsession with creating this European state means that you are happy to destroy democracy, you appear to be happy with millions and millions of people to be unemployed and to be poor. Untold millions will suffer so that your euro dream can continue. Well it won’t work, cause its Portugal next with their debt levels of 325% of GDP they are the next ones on the list, and after that I suspect it will be Spain, and the bailout for Spain will be 7 times the size of Ireland, and at that moment all the bailout money will is gone – there won’t be any more.

“But it’s even more serious than economics, because if you rob people of their identity, if you rob them of their democracy, then all they are left with is nationalism and violence. I can only hope and pray that the euro project is destroyed by the markets before that.”

Nigel Farage To European Parliament: “The Euro Game Is Up… Just Who The Hell Do You Think You Are?

The Video

Sums it all up, really.


Extend and pretend

November 18, 2010

For how long can they keep their balls in the air? That’s the question everyone is asking.

Sen. Tester (MT) says something about how heads oughta roll but honestly, does anybody out there believe that will ever happen?

Maybe after the big KA-BOOOM (where we the pipple can do it ‘manually’) but short of that, don’t count on your government to protect you.

Sure, they want to molest you at the airports, but is that gonna stop another 9/11 from happening? No, of course not, They couldn’t stop it the first time, either.

It’s all just Theatre of the Absurd for your bemusement.

The litmus test is, does any of this make you feel any safer?


Why I see the black economy as a growth sector

November 17, 2010

Building a religion

November 15, 2010

Obamessiah:


Benron Bukkake speechless

November 15, 2010

Hilarious.

“If the American people understood what they’ve been up to, all bankers would be swinging from lamposts.”

Oh I dunno. Banksters have conspired to create committed criminal acts, of that there is no doubt. But the average American has a long way to fall before they’ll muster up the courage to challenge the status quo, let alone join in any neck-tie partying. Hell, they might miss their fave tv fare.


Very soon it will be illegal to grow your own veg

November 14, 2010