Historical Panel on Obama's Speech continued...

Mister Squishy - For those of you just tuning in, our distinguished panel of experts drawn from recorded history discussing President Obama's Wall Street bailout:

Marcus Licinius Crassus - General, politician, wealthiest man in Rome. Best known for his victory against Spartacus in the Third Servile War in 71BC. He was the richest Bear in history, and his Cub, Julius Ceaser's, became the first Emperor of Rome.

Iosif Vissarionovich (Stalin) - Former General Secretary of the Communist Party of the Soviet Union 1922 to 1953. For over 30 years in Eastern Europe death had a name - Stalin.

Vlad Tepes - Prince of Wallachia 1456 to 1462, better known as Vlad the Impaler or Dracula. Author of "How to Use Blunt Wooden Stakes to Achieve Greater Transparency in Financial Reporting"

Adolph Hitler - Noted animal rights and anti-smoking activist, leader of Nazi Germany 1933 to 1945. Known for his guiding principal of "When in Doubt, Blame it on a Jew"

Mister Squishy - and today our special guest panelist

Nadar Shah - 18th century Persian General, Shah, known as the Napoleon of Asia, and the only man in history to successfully subjugate the Afghans by setting up an Afghan lottery where the prize was execution.

Mister Squishy - Lets see bang for the buck historically achieved by US taxpayers. Our first example, Vietnam - 2 Trillion of today's dollars spent. 2 million Vietnamese killed to test the Domino Theory. For our second example, Iraq - 1 Trillion dollars spent. 100,000 + dead Iraqi's, Saddam Hussein's Neck snapped, for some alleged phony yellow cakes from some country in called the N. word.

Stalin - How about Wall Street, 2-3 Trillion spent. The guilty parties getting bonuses for causing financial fire. This Uncle Sam is showing me that he is weak.....

Hitler - The red meat has clouded Uncle Sam's judgment. He is starting to appease every new act of financial aggression against him. This is starting to make me excited.

Crassus - In my time, bankrupt bankers were forced into the Colosseum, where they were served as entertainment.

Mister Squishy - That Obama sure talks up a storm about putting an end to financial nonsense. But it appears that the more he talks about ending bankers shenanigans, the more the bankers show disdain for the taxpayers who EARNED the bailout money.

Vlad - As I have said before, Obama is a rascal. While he is giving televised speeches to the US people he is simultaneously playing with black magic, and casting spells to conceal how the bankers are robbing the people. That rascal has been bought by the bankers. But can you expect any better from a Turk named Hussein?

Mister Squishy - This is why I have invited our special guest panelist today Nadar Shah. Hopefully his successful subjugation of the Afghan people could provide some historic guidance on an effective strategy for stopping the global financial meltdown. Nadar, how would you subjugate Wall Street to the will of the people?

Nadar Shah - Thank you for inviting me. I was starting to get worried that I would be demoted to History's dustbin. Wall Street is very rebellious, and this rebellion causes instability. This instability is not good, as Wall Street and the banking system serve as the cardiovascular system of a modern capitalist society. Everything possible must be done to prevent the system from disintegrating. This Obama is completely blind. The more he talks about stopping theft by bankers, the more brazenly they steal. Isn't it obvious. The bankers have evolved to take advantage of the Obama's blindness....... Now how about having a lottery where we blind some bankers....

Stalin - I am starting to get excited. Whenever you want to hang some capitalists, they beat a path to your door trying to sell you some rope.....

Vlad - A blindness lottery? Why blind some thieving bankers when you can impale every thieving banker? Oh yes, I forget if we leave some bankers alive, there is a chance that some might actually repent for their sins.....

Mister Squishy - OK Nadar, you have got us all interested, how would you cure Wall Street with a blindness lottery?

Nadar Shah - The most important thing about a lottery is that it must be fair, and free of cheating. The people have to have confidence that the method of selecting individuals to receive the most heinous of punishments is fair and equitable. It must also take into account that each transgression has an equal chance of winning.. So here is how the rules work:

1> Every dollar of bonus money stolen while the bank was insolvent equals one chance to win.
2> We count how many dollars worth of bonus money in total were stolen from the taxpayers, and that gives us the total number of possible outcomes.
3> We assign the lotto numbers sequentially based on the bankers surnames in alphabetical order.
4> We decide how many prizes there are to be won.
5> We hold the raffle..... Bingo.....

The winners get their eyes gouged out. The losers see with their eyes that some of their compatriots are blind like the Obama, and they learn to behave themselves.. We could spare 99 out of 100 eyeballs. Far more efficient than impaling every thief.... Maybe 1 out of 10,000 minor thieves loose an eye, but of the multi-million dollar thief club, maybe 1 out of 10,000 will survive with both eyes intact. If one steals, there is always a chance of consequences.

Stalin - I was thinking of sending my man Beria on a well deserved vacation. How about Nadar you visit me when Beria is on vacation. I would like to discuss your ideas further.

Hitler - Go easy on this Obama kid. So far I like what I am seeing. He already had his "Night of the Long Knives" on election day when his Afro-American Schutzstaffel brigades passed Proposition 8. I thought that Bernie Madoff was going to be Obama's "Kristallnacht", but I think the kid has something better up his sleeve.. Now if only I could convince him to give up those vile cigarettes...

Mister Squishy - As was promised earlier, Nadar Shah shared hiss lessons from the subjugation of Afghanistan as how they can relate to bringing order to Wall Street.

Our Economic Roundtable - continued Obama's address to the US Congress

We continue our analysis of current economic issues that effect you and I with histories distinguished panel of movers and shakers.

Marcus Licinius Crassus - General, politician, wealthiest man in Rome. Best known for his victory against Spartacus in the Third Servile War in 71BC.

Iosif Vissarionovich (Stalin) - Former General Secretary of the Communist Party of the Soviet Union 1922 to 1953.

Vlad Tepes - Prince of Wallachia 1456 to 1462, better known as Vlad the Impaler or Dracula.

& finally

Adolph Hitler - Noted environmentalist, practitioner of Wicca, animal rights and anti-smoking activist, leader of Nazi Germany 1933 to 1945.


Mister Squishy - Good evening and welcome distinguished panel. I myself am amazed at how fast Obama changes. The man has multiple opinions on individual topics, amazing.

Stalin - I think it once crossed my mind that death couldn't solve everything.

Mister Squishy - You have all had a chance to hear President Obama's address to the joint houses of congress. I am certain that there are many aspects of his speech that you don't like. Lets start with what did you like about President Obama's speech?.

Hitler - I love this kid. The part about developing energy sources that do not rely on foreign sources of oil, sounds like my WWII synthetic crude oil program. The new road building reminds me of my autobahn program. But what I love is his oration, "One People" (Ein Volk), "One Nation" (Ein Reich), "Yes we Can" (Ein Fuhrer), well two out of three aint bad.

Stalin - I love the way he wants to take command of the economy, and find ways of keeping people busy. This alternative energy bullshit, get army's of people slaving away to produce smaller amounts of energy at greater costs.... The man is a genius. Keep the people occupied with something that stupid and they will never revolt.

Crassus - Rebuilding roads and bridges is always a good idea. When good infrastructure is in place it is always easier for the citizenry to go see a crucifixion, or attend the Colosseum.

Vlad - There are two kinds of people in this world, Rascals and Fools. He is a Rascal, so I don't like anything about him.

Hitler - Vlad, where does all this bummer attitude come from? Maybe if you abandoned Christianity for druidism/paganism, you could bring some joy into your life.

Mister Squishy - President Obama has asked Joe Biden to play the role as the overseer to prevent waste, and fraud in the multi-trillion dollar stimulus program. Shouldn't this be seen as a positive step?

Crassus - Biden comes from Delaware. It is the corporate governance Banana Republic of the fifty states. If he plays his card right he might become the richest man in America.

Vlad - Asking someone from Deleware to keep business honest? That is like asking a Turk to not molest a sheep.

Stalin - If you put a man in a responsibility role, then it is very convenient to figure out who to shoot if things don't go according to plan. But then again, if they do go according to plan they can hand out medals, get drunk and dance.

Hitler - You only get the support of the business community if you take out the leadership of the homosexuals. Getting Proposition 8 passed in California, showed he has an understanding of the issue. Eliminate your initial supporters, then you have nobody to initially threaten you...

Mister Squishy - President Kennedy challenged America to put a man on the moon? What do you think of Obama's challenge to find a cure for cancer in our time? Is this as inspiring as the last centuries challenge?

Stalin - Cancer is a disease that is caused by life. The longer a person lives, the higher the probability of cancer. I wonder is he planning on finding a new means of reducing average life expectancy?

Hitler - The kid has to quit smoking. If he starts a National non-smoking strategy he has my support.

Vlad - There you guys go on again in getting mushy. Everyone knows that science requires divining the chicken entrails to find out how many measures of bad blood to bleed from an individual. This is a red herring.

Crassus - A death by cancer means that ones life can never be celebrated as a Triumph. If he is successful in his Afghan Military campaign, no American will ever need to die from cancer. Just ship them to Afghanistan, and either they die Triumphantly, or they die from something other than cancer.

Mister Squishy - That's all the time we have for now. Until next time.

Obama Wall Street's obedient Stooge..........

"The real question is why the Obama administration keeps coming up with proposals that sound like possible alternatives to nationalization, but turn out to involve huge handouts to bank stockholders." Prof. Paul Krugman, Nobel Laurette Economics......

I know the answer......

Obama has been bought, lock, stock and paid for... He is property of the Wall Street scum that brought the world to the edge of the abyss.....

What B. Hussein Obama has repeatedly been proposing is handing gifts, paid for by the US taxpayer to the shareholders of the Zombie banks......

A zombie bank is a insolvent bank that keeps functioning and avoiding bankruptcy thanks to gifts and backstops provided for by the US taxpayers.. By keeping the Zombie bank alive, it delays the inevitable reckoning that the shareholders have to face. The kleptocrat executives that the shareholders hired destroyed every bit of the shareholders capital. If you as many Americans viewed Citicorp as a widow/orphan stock, you were cheated.

The United States is the land of the free, and the home of the well armed. Now if Obama allowed the American way (bankruptcy of the weak) to take place, there would be zero value to all of the bank stock.. Some poor individual who lost their life savings might get despondent, and shoot one of the Wall Street thieves in the head.. The Cabal of thieves can't allow that to happen, so they pay off key members of the propeller head brigade to keep the government money flowing that maintains the illusion of shareholder value. The bought stooges in Obama's inner circle keep scribbling the ideas on legal pads that sugarcoat the largest theft ever planned in the history of mankind.

So in the simplest of terms that could get through the fog clouding Obama supporters brains.....

Bank = sinking worthless boat full of pirates

Government = Treasure galleon full of gold and loot belonging to the people of the USA

Obama = Dumb stooge on galleon who keeps throwing money at the sinking pirate ship to either plug the holes or create an artificial reef that keeps the pirate ship afloat...

US Taxpayer = Poor oppressed souls who earn all the money that the evil Obama keeps stealing to hand to the evil pirates.

End Game = Galleon smashes into rocks and Obama gains sanctum with the pirates and shares in their new found loot.

Obama's political career started in Chicago, the Quebec of the United States. Chicago is in Illinois the sate where the last Republican Governor went from the Governors Mansion to prison, and it appears that the same will happen with Illinois' last Democrat Governor.

If it comes from the cesspool, and its #$%^&^ like poo.........

Here is my prediction. Some brave reporter will do some digging and he/she will find the smoking gun proving B Hussein Obama has been bought and paid for by Wall Street.

Obama will be a one tern disaster that will in all likelihood go straight from the Oval Office to a prison cell.

To those that have been reading my column, here is my first money making tip. If one is an expert in Flash cartoons, draw a caricature of Obama that dances to an old public domain song to entertain an audience of Wall Street thieves. If you sign up for Youtube's adsense program, the cartoon of Obama being the bankers dancing boy will make you a pile of money..

Tomorrow, I will consult our distinguished panel of historical experts to get their views on how Obama was bought.

Til tomorrow...

Economic Round Table - How to Solve the Global Crisis.

For my blog entry I have decided to write a fictional account of an economic round table discussion on how to fix the world economy. My team of experts I have pulled from the pages of history,

Marcus Licinius Crassus - General, politician, wealthiest man in Rome. Best known for his victory against Spartacus in the Third Servile War in 71BC. He was the richest Bear in history, and his Cub, Julius Ceaser's, became the first Emperor of Rome.

Iosif Vissarionovich (Stalin) - Former General Secretary of the Communist Party of the Soviet Union 1922 to 1953. For over 30 years in Eastern Europe death had a name - Stalin.

Vlad Tepes - Prince of Wallachia 1456 to 1462, better known as Vlad the Impaler or Dracula. Author of "How to Use Blunt Wooden Stakes to Achieve Greater Transparency in Financial Reporting"

& finally

Adolph Hitler - Noted animal rights and anti-smoking activist, leader of Nazi Germany 1933 to 1945. Known for his guiding principal of "When in Doubt, Blame it on a Jew"

I, Mr. Squishy will act as the round table adjudicator.


Mister Squishy - How would you describe the current state of the world financial markets?

Crassus : Our beloved Republic is threatened by external forces in distant financial centres. If these barbarians come close to the gates of Mother Rome, it will be necessary to suspend the Senate, and call upon a dictator to save the Republic.

Stalin : It is very obvious what our problem is. Counterrevolutionaries within the financial services sector have been communicating with Trotsky, and committing brazen acts of sabotage.

Vlad : What we are witnessing today is a breakdown of business ethics. New York & London are rotten to the core. If one left a golden chalice unguarded and alone in the middle of the financial sector, and returned the next day.. The gold chalice would be gone.

Hitler : This crisis is emanating from New York & London which proves my theory that Jews and Freemasons are out to seize control of the world.

Mister Squishy - Many commentators have placed the watershed moment when this financial crisis gained critical traction was when the US Government and the Federal Reserve had to inject over $150 billion dollars into AIG Insurance to provide collateral for all of the Credit Default Swap underwritten by the financial services section of the AIG London office. It turned out that this supposed "Free Money" that AIG was earning providing default coverage entailed an element of risk. How would you have handled the AIG crisis differently?

Crassus : We have a well defined group of enemies here. We start by taking the entire financial services group from the Londonium Office, and we crucify all of them along the road between Londonium and New York. To instill discipline in the rest of AIG's staff, we would divide them into groups of X, and assign each individual a number from I to X. We would perform a sortition where a number from I to X was chosen. The other nine members of each group whose number was not chosen would bludgeon to death the chosen one. Afterwords the surviving groups of IX would be forced to sleep outside of the encampment, and only be given rations of barley with no meat.

Mister Squishy : Sorry to interrupt Crassus, there is no road connecting London to New York.

Crassus : For the glory of Rome, the survivors from AIG will build the road to connect Londonium and New York.

Stalin : It is obvious that the financial services group from AIGs London Office is a Trotskyist front. I will send my man Beria there to get all of their signed confessions, and statements as to who their external contacts were. Afterwords they are all shot. As for the rest of AIG, those that are innocent of all charges get 10 years in the gulag, while the remainder of the staff gets 20 years in the gulag.

Mister Squishy - How do you feel about the published news reports that out of the first $350 billion of TARP funding, $18 billion dollars was used to pay bonuses, and that the US treasury was possibly overcharged up to $86 billion dollars for the toxic securities?

Vlad : We will hold a business ethics workshop with mandatory attendance for all employees and management of TARP bailed out firms. Every manager who has received a bonus cheque funded with taxpayers money will have their bonus check nailed to the top of their heads. Every executive that overcharged the government for a toxic security is to have their tongues cut out, and then they are to be impaled in front of their respective banks on blunt wooden stakes lubricated with bacon grease...

Hitler : Vlad, using bacon grease is a bit extreme. It might encourage individuals to loiter at the impaling and maybe throw cigarette butts on the ground. It is far better to find out which of the Bankers were either Jews, Homosexuals, or my early supporters, and make them disappear in the middle of the night. Then they can be disposed of in a environmentally friendly manner that leaves no trace.

Mister Squishy : What role did the global property bubble have in leading to the global economic collapse?

Crassus : If the building was not on fire when it was purchased, someone paid too much. Chances are they took on debts that they could not honour and the only solution is that these individuals and their families lose their rights as citizens and become slaves.

Stalin : Property speculation is a sign of infection by Kulaks. This wealth monopolizing class must be destroyed, so that their poisonous ideas can never effect the workers paradise.

Vlad : We need private property ownership to serve as a bastion against encroachment by the Turks. Any man who is not a Turk, and who acquired his property by honest means shall stay provided he is fit for military service against the Turks. Any Turk, or individual that did not acquire property through hones means is impaled in front of the property to serve as a symbol to ward away Turks.

Hitler : There is a simple answer. All property held by Jews is seized in the name of the state. It is because they never honestly acquired their property in the first place. All property held by inferior races is sanitized, and Aryan settlers are brought in to create a clean, smoke free, agricultural vegetarian state.......

Mister Squishy - Thank you distinguished panel, this is all the time we have for today. If you have any questions you would like our distinguished panel of guests to answer, please email us at.. financialheresy@gmail.com

thank you..

A song to save the world economy

A song outlining how to save the world financial system, by hanging some scalawags.

My best estimate is that we would have to snap a maximum of 78 necks to make the world a better place.

Sung to the tune of "The Twelve Days of Christmas"

To save the world economy we'll hang from the highest tree...

A banker who's behaved badly.

To save the world economy we'll hang from the highest tree...

Two compensation consultants , and a banker who's behaved badly......

To save the world economy we'll hang from the highest tree...

Three Lehman Brothers, Two compensation consultants, and a banker who behaved badly.......

To save the world economy we'll hang from the highest tree...

Four property flippers, Three Lehman Brothers, Two compensation consultants, and a banker who's behaved badly....

To save the world economy we'll hang from the highest tree...

Five Housewives from Orange County .................................. Four property flippers, Three Lehman Brothers, Two compensation consultants, and a banker who's behaved badly....

To save the world economy we'll hang from the highest tree...

Six Realtors a lying, Five Housewives from Orange County, Four property flippers, Three Lehman Brothers, Two Compensation Consultants, and a banker who's behaved badly.......

To save the world economy we'll hang from the highest tree...

Seven HGTV writers, Six Realtors a lying, Five Housewives from Orange County. Four property flippers, Three Lehman Brothers, Two Compensation Consultants, and a banker who's behaved badly.......

To save the world economy we'll hang from the highest tree...

Eight Hedge Fund Heads, Seven HGTV writers, Six Realtors a lying, Five Housewives from Orange County. Four property flippers, Three Lehman Brothers, Two Compensation Consultants, and a banker who's behaved badly.......

To save the world economy we'll hang from the highest tree...

Nine Sleeping Auditors, Eight Hedge Fund Heads, Seven HGTV writers, Six Realtors a lying, Five Housewives from Orange County. Four property flippers, Three Lehman Brothers, Two Compensation Consultants, and a banker who's behaved badly.......

To save the world economy we'll hang from the highest tree...

Ten mortgage securitizers, Nine Sleeping Auditors, Eight Hedge Fund Heads, Seven HGTV writers, Six Realtors a lying, Five Real Housewives from Orange County. Four property flippers, Three Lehman Brothers, Two Compensation Consultants, and a banker who's behaved badly.......

To save the world economy we'll hang from the highest tree...

Eleven Merrill Lynch Bonus Recipients, Ten mortgage securitizers, Nine Sleeping Auditors, Eight Hedge Fund Heads, Seven HGTV writers, Six Realtors a lying, Five Housewives from Orange County. Four property flippers, Three Lehman Brothers, Two Compensation Consultants, and a banker who's behaved badly.......

To save the world economy we'll hang from the highest tree...

Twelve of Walters Noel's clan, Eleven Merrill Lynch Bonus Recipients, Ten mortgage securitizers, Nine Sleeping Auditors, Eight Hedge Fund Heads, Seven HGTV writers, Six Realtors a lying, Five Housewives from Orange County. Four property flippers, Three Lehman Brothers, Two Compensation Consultants, and a banker who's behaved badly.......

And a banker who's behaved badly........


There you have it. My first idea of how to restore confidence to the global economy. Instead of throwing trillions of dollars away and wasting a collective decade of humanities existence, lets instead hang some deserving douche bags and have some fun doing it.


copyright: mario nikita erlic

Bernie Madoff - What makes you tck....

Well it is official. The trustees in the Madoff case have announced that:

BERNARD MADOFF DID NOT ENGAGE IN A SINGLE PURCHASE OR TRADE IN HIS INVESTMENT MANAGEMENT BUSINESS........

Two of the main theories as to why Bernie did it have been refuted.....

Theory #1 - Bernie Madoff is a common thief who did it for his own financial benefit.

This was shown to be blatantly false as there really is no evidence that he took any money for his own use..... Now there were many common thieves involved in the Madoff affair, but they were the parasitic slime that ran the feeder funds. In the case of Fairfield Greenwich, they stole close to $1 billion dollars......

Theory #2 - Bernie Madoff started off honest, and due to a couple of poor trades, he tried to make good for the clients whose money he lost.

There never was a single trade on anyone's behalf, so this theory was refuted. There were meticulous records of every dollar coming in from the investors and feeder funds and meticulous records of every dollar going out to the investor/feeder funds. Just no T-Bill, option, shares, or split strikes purchased.

See why Bernie is so interesting? What appeared to be the obvious was the furthest thing from the facts possible.....

So what do we know about Bernie.....

1> He is an Orthodox Jew. Genetically predisposed for brilliance. (there has never been so much human progress that has benefited so many attributable to the thoughts and actions of a few, that happen to be a Jew).
2> His mother got into trouble for running an unlicensed OTC brokerage.
3> He is a self made man. He started Madoff Securities the legit part of his business with money he saved as a lifeguard.
4> He is skilled with tools.... He knows how to use, pipe cutters, pipe threaders, edge burrers, soldering and brazing torches etc.....

So here are my theories:

1> Bernie Madoff suffers from Obsessive Compulsive Disorder, where people do repeated things such as organizing their closets to an extreme. By staying on top of all of the tabulating of monies in and monies out, he is somehow able to prevent a descent into chaos. The eveidence that points to this is the reports that:

a: Madoff Securities colours were Black, White and Grey. There was to be no exception to the decorum, and Mr. Madoff would wander around his offices at night leaving violation notes to any staffers that had anything other than black, white, or gray in their work area.

b: From reading interviews about the 17th floor (Bernie's Lair), one would hear of multiple operational and operating workstations with nobody seated or working at them... Maybe the witnesses just weren't swift enough to see that these were Bernie's imaginary employees.

2> Bernie Madoff is an artist. His Ponzi was his grand magnus opus, but ultimately it was crushed because it wasn't the largest and the fittest of the Ponzi scams. Evidence that points to this:

a: Anybody up until the final month who wanted their money back from Bernie got it back with all the promised returns.

b: At $50 billion, his Ponzi scam did not reach the critical mass of: Social Security; Defined Benefit Pension Plans; or the Fractional Reserve Bank System.

3> Bernie is a closet communist and he felt that he could do a fairer and juster job of allocating money than the US government.

4> Bernie had a God Complex and he wanted to see if he had as much power over peoples lives as the Old Testament God....


My guess is that Bernie suffers from OCD. If he elects to have a trial by Judge only, and he gets Alan Dershowitz as his Attorney.......

Bernie will be found not guilty by reason of insanity.....

Now if only they could string up/impale all of the scoundrels in Walter Noel's extended family.....

But alas that won't be necessary, because Fairfield Greenwich lost monies belonging to the Colombian cocaine producers guild.......

How Now Ian Thow.

It never ceases to amaze me how we as a culture have become so conditioned to believe that the highest level of being is a VICTIM. Somehow, since one was taken advantage of, they feel entitled to be on some form of moral pedestal.

This is plain silliness. The only true victims are individuals that suffer a surprise accident do to the malice or negligence of another.

The Ian Thow victims are just plain DUMB......

Want to know how DUMB..........

1> Most of the dummies that gave Ian Thow their money earned it by being careful.... They lived penny-wise. Yet when it came time to make one of life's most important decisions, "Who to Trust With Your Money" they chose an individual who has as much respect for money as Manley Eng has for fire safety..... DUMB, DUMB, DUMB, no sympathy from me......

2> Many of the individuals investing with Ian Thow thought that they were getting in to a offshore entity where they could have earned high returns away from the watchful eyes of Canada's tax authorities.. The intent of many of the fleeced fools was to break the law and steal from the rest of the Canadian taxpayers......... Do you feel sorry for a bank robber who while trying to flee the bank runs into a plate glass door and hurts himself badly??? I should hope not.....

3> All of the individuals that gave scads of money to Ian Thow did so without budgeting 1/10th of one percent for due diligence.... Hello, ever heard there is no such thing as magic beans...

4> All of the investors knew Ian Thow collected multi-million dollar toys and he earned a living selling mutual funds. Isn't it neat how peddling crap investments can fund a private jet air force...

5> To make matters worse, the many of the people who lost money came out publicly. What was the point of this? In 99 times out of a 100 there is no recovery possible. If they were trying to offer their story as a noble warning to others, I feel sad for them. For most individuals going public just means that they have tarred their families names for generations. Their descendants if they chose to live in these parts will be the first target of any flim-flam man or confidence trickster.

If there weren't human whales around, there wouldn't be human whalers....

Whats the funniest of all is that if Ian Thow didn't fleece a certain supermarket millionaire of $12 million, that supermarket millionaire would probably still be in the food business. Thanks to Ian Thow, this certain person realized they can either watch their money or watch their business, but they cannot do both well. As the story goes, a richer fool comes from the east with junk bond financing and was able to pay the grocer three times more than what his business would fetch today..... The grocer sells for a enormous price and lives happily ever after.....

Now do you think the grocer is kind enough to thank the man who is more responsible for the quantum of his wealth than anyone, including himself......

I doubt it.......

Horray for the BC Supreme court......

It is official, the BC Supreme court has awarded $1.3 million dollars to an innocent taxpayer who suffered a home invasion from the Canada Revenue Agency.

While this award is great, what troubles me in almost every case of misconduct by a public sector union member is that it is almost impossible to censure or punish the stupid idiot/bottom rearside ordifice who is on the public payroll and directly responsible for what occurred.

As long as public sector workers are treated as a privileged caste that considers themselves "ABOVE THE LAW", fecal matter like this will continually happen.

I have a solution. Any time a court awards an innocent individual over a million dollars for misconduct by a public sector worker. One worker who is most responsible for the travesty spends a year in prison in the GENERAL POPULATION AT A MEDIUM SECURITY LEVEL up to a maximum of 5 years.

If the Public Sector workers play their usual trick of hiding from accountability by making decisions in a committee.........

Then hold a raffle draw.... The winner is spared.... The rest of the committee spend a year in jail for every million dollars awarded in the GENERAL POPULATION AT A MEDIUM SECURITY LEVEL up to a maximum of 5 years. This should once and for all solve the accountability problem that exists in the public sector.

According to the late Marcus Olson, the growth of privileged exclusionary subgroups is the cancer that eats away at the social fabric of advanced societies until the breaking point is reached. After a while the downtrodden masses see that the only thing they have to lose is their chains. At which point we get war or revolution. THAT IS THE RISK WE AS A SOCIETY FACE IF WE EMPOWER PRIVILEGED STATE EMPLOYEES TO VIOLATE OUR UNDERSTANDING OF RIGHT AND WRONG. IT IS WHAT HAPPENS WHEN THE PRIVILEGES AND OBLIGATIONS CALLED THE SOCIAL CONTRACT ARE BROKEN.

If I instigate and take part in a illegal home invasion, I go to jail. If I unlawfully break into a home and terrorize the occupants, I would be severely punished. For committing such an evil act, my first month in jail would be spent watching my backside, challenging every provocation, and sleeping with one eye open, If I was successful, I would have eleven more months of putting in time. If I was unsuccessful, I would become the shower bitch, and maybe get my front incisor teeth knocked down my throat... The same law and treatment would apply to 99% of the people in this country.....

TIME FOR EQUALITY FOR ALL AND SPECIAL PRIVILEGE FOR NONE.

While this sounds fair and just, unless we have a violent revolution it wont happen....

Time to get back to reading my Marxist theory.

Til next time.

Silly Americans.... They elected the wrong person. The USA doesn't need Obama. The USA needs Michael Vick.

The United States is suffering a once in a century financial crisis. In times like this a country needs leadership, and this is a quality that B. Hussein Obama sorely lacks. America does not need a referee. The United States needs a quarterback. To that end I hope that Obama fires Joe Biden, and uses his Presidential power to pardon Michael Vick, and offer him the position of Vice President.

So far Obama has been a disappointment. He has shown himself to be wishy washy and spineless. He is more concerned with winning the approval of those that don't like him than leading his country. His stimulus bills are pathetic. His Senate bill which gives well off people tax dollars to swap homes with their brother-in -laws is just plain stupid.

Michael Vick is probably the best quarterback alive. A natural leader who has a university education, lightning fast reflexes, and a ability to foretell some elements of the future. If push came to shove, I feel Michael Vick would do a better job of solving the financial crisis than Barrack Obama. While Vick is 19 years younger than Obama, he has far more life experience, and his knowledge would be more appropriate for solving the crisis.

To see how, lets do a simple compare and contrast:

Life Experience

Obama has worked as a community organizer, which is a form of social parasite that agitates for a living. Obama has no experience running a business.....

Vick is a quarterback, a natural leader who is trained to think quickly and strategically under great adversity and achieve results. Vick has experience running a business.

Personal Relationships

Obama is very inexperienced. Unlike a typical successful self-made black man, Obama is married to a black woman who looks like Omarosa.

Vick is very experienced at dealing with women of every nationality under adverse conditions. He has only been nailed for paternity 3 times which is amazing when you were the top player in the NFL.

Handling the Investment Bankers and Other Wall Street Types

Obama is hopeless. He has shown a willingness to sell out the interests of the American taxpayer to the interests of the Wall Street financiers. His recovery plan is basically robbing from the poor to give to the rich. Any change he talks about is an illusion. My bet is that the bankers receiving bailouts have already bought Obama obedience with TARP dollars and there is probably a golden parachute sitting somewhere in some offshore haven with his name on it.

Michael Vick would know how to solve the global financial crisis. He would start by showing the world how trust can be restored by using a pit bull to make the owner of a professional sports team honour his contract. Next he and his crew would catch the Wall Street bankers responsible, bitch slap them to nothing, and finally duct tape them and turn them into "bait dogs". The other greedy evil bankers would see what could happen to them so they would "Shut the Fuck Up", and not do stupid things anymore.

There you have it.. For these dangerous times, a brother can be a leader. The only problem is the Americans elected the wrong one.

Time to ask the referee to leave, and bring on a true leader...... A QUARTERBACK.

Obama/Vick for 2012.....

BTW, I love dogs. I hope this conveys to you how hopeless I think Obama is.....

There were far slimier participants in the Madoff affair than Bernie......

If you have read my previous post you would be aware that I am unsure as to what Bernard Madoff is. I am certain that he is not a common thief. It appears that up until the fall of 2008 people were forcing money upon him. From the news reports he only started to actively solicit funds in November of 2008. On December 11, 2008 he confessed to the FBI that he was running a Ponzi scam and the size was in the range of $50 billion, and that he was acting on his own.

I have analyzed the public record as to assets held by Bernard and his wife Ruth Madoff. From the information available it appears that their joint holdings would have a cost of under $30 million dollars. This amount is less than 1/10th of a percent of the alleged Ponzi scam. If he was running his investment management business for his own personal gain, someone please show me the beef.

Based upon the evidence so far it appears Bernard Madoff's investment management operation didn't conduct a single trade. There was a cavernous office on the 17th floor of the lipstick building with scores of computer workstations set up, and nobody working there other than Bernie and an assistant named Frank DiPascali.

Two guys acting alone could never have pulled off a scam of this magnitude. What made the $50 billion dollar Ponzi possible was a particularly vile form of financial parasite known as the feeder fund. These are basically hyper mutual fund companies that are supposed to own a portfolio of hedge funds. They are supposed to conduct extensive analysis and due diligence of hedge funds and managers and they pool and allocate investments so as to mitigate risk. For this service they charge an entry fee of anywhere from 1% to 5%, a further 1% per annum of the assets invested, plus an additional 10% of the profits from their hedge fund pool. All the while in most instances the underlying hedge funds charge 2% per annum of the assets per annum and 20% of the funds profits.

Hedge funds are big boy toys, and the feeder funds allowed people to play with the big boys with risk being mitigated through diversification. If one hedge fund implodes, ideally its under 5% of the feeder funds portifolio.

The most successful of these feeder funds was based out of Greenwich Connecticut and it was called F airfield Greenwich. At the time of Bernie Madoff's confession FG had $14 billion in assets in two feeder funds and it was founded by Walter Noel, a financier from Tennessee. It's primary feeder fund, the F airfield Sentry had $7.5 billion, all of it with Bernard Madoffs imaginary investment management business.

F airfield Greenwich's biggest selling point was the Noel family. The Patriarch Walter Noel met a beautiful young Brazilian woman of Swiss banking stock while going to Harvard named Monica Huebber. He married her, and they had five beautiful intelligent "Glamazon" daughters of which four married young bankers from prominent international families. These four son-in laws were partners in father-in-laws business F airfield Greenwich Group. One was from Columbia, One from Switzerland, another from Italy and the fourth was American. These five daughters between them had 17 children as at the last count, all blond haired, blue eyed, multi-lingual and well mannered. The mothers still looked good in bikinis.

To fund this pageant of aristocracy called the Noel clan was the 1% of assets invested and 10% of profits earned from parking money with Bernie Madoff. Over the course of the Ponzi scam, FG earned almost $1 billion dollars in management fees. Money that rightfully belonged to FGs investors.

To give you an idea of what F airfield Greenwich Group reported that they did:

"

FGG's Due Diligence Process

FGG's due diligence process is deeper and broader than a typical Fund of Funds, resembling that of an asset management company acquiring another asset manager, rather than a passive investor entering a disposable investment.

A number of areas of inquiry are examined by a team of FGG professionals who specialize in evaluating respective areas of risk. Typically, a manager has been investigated and monitored for six to 12 months before that firm can be accepted onto the FGG platform. Long negotiating periods enable FGG to be more confident of its decisions before proceeding with a manager. Areas of examination are centered around the following:

1. Portfolio Evaluation, Investment Performance, and Financial Risks:

A core area for further analysis is to attempt to dissect and further understand investment performance, how a manager generates alpha, and what risks are taken in doing so. As portfolio management and risk management incorporate elements of both art and science, FGG applies both qualitative and quantitative measures. FGG:

• Examines independent prime broker trading records

• Conducts detailed interviews to better understand the manager's methodology for forming a market view, and for selecting and exiting core positions

• Analyses trading records

• Conducts a number of qualitative and quantitative tests to determine adherence to risk limits over time

• Confirms portfolio loss risk controls, diversification and other risk-related control policies, as well as any experience regarding unexpected or extreme market events

• Reviews the risk and return factors inherent in the strategy

• Evaluates capacity issues, which may affect alpha, as well as expected opportunities going forward within each candidate's strategy

• Analyses the various drivers underlying a particular portfolio's risk

• Evaluates credit risk and market risk both at the instrument and portfolio level

• Assesses the extent to which leverage is used by a manager, as well as how it is used, the funding sources, and the impact on the risk profile of the fund

• Investigate whether or not private or special registration securities are held, and determine how the daily trading volume and inventory held compares to the float and/or daily trading volume for a given security

FGG also conducts many quantitative reviews of investment performance in light of:

• Fees and fee structure

• Historical draw-downs

• Return volatility

• Commissions earned

• Performance return in calm versus volatile markets

• Current/historical correlation of the fund under consideration with standard industry benchmarks, peer groups, and other FGG or competitor funds used as benchmarks

FGG attempts to understand the return attribution for individual securities in the portfolio, and conducts a full suite of VaR analyses and stress tests to model the loss distribution function under extreme market scenarios. Leverage, concentration limits, and long/short exposures are examined over time to assess whether they have remained within operating guidelines.

Style fidelity is another key area of inquiry; the manager's trading pattern over time and through various market environments, FGG determines whether the manager is prone to trade outside of their area of expertise.

2. Personal Background Investigation:

FGG examines the abilities and personalities of the individuals involved in managing the fund through extensive interviews, as well as background investigations.
FGG verifies:
Education
Personal credit standing
Litigation and regulatory background
Track record
Other indicators

FGG explores the manager's experience and qualifications relative to the strategy being managed. Prior professional associations of a manager's key personnel can be crucial in understanding a person's experience and character and how they run their investment management business.

3. Structural and Operational Risk:

"Operational risk" refers to the risk of loss resulting from inadequate or failed internal processes, human resources, or systems, or from external events. Operational failures, including misrepresentation of valuations and outright fraud, constitute the vast majority of instances where massive investor losses occur. Other operational risks include staff processing errors, technology failure, and poor data.

Pricing models, as well as the adequacy, independence, and transparency of valuation procedures, contingency plans, and other trading and settlement procedures are all matters for close scrutiny by FGG professionals.

FGG seeks a sound understanding of whether a hedge fund possesses key controls in the areas of portfolio management, conflicts of interest, segregation of duties, and compliance. FGG carefully assesses the controls and procedures that managers have in place and seek to determine actual compliance with those procedures, often suggesting modifications, separations of responsibilities, and remedial staff additions.

4. Legal, Compliance, and Regulatory Risk:

FGG's legal, compliance, and accounting teams specialize in investment management regulation, securities compliance, corporate operations, and tax issues. Hedge fund managers function within an ever more complex legal and regulatory landscape, and the role of this part of the diligence exam is to determine the seriousness of any deficiencies in this area which may cause risk of sanction, loss, or reputational embarrassment.

Both in-house and retained legal professionals interview the management and staff of the manager, research regulatory filings, and review corporate organizational documents, as well as fund memoranda and related material contracts."

All taken from Fairfield Greenwich's Website.....

What FG did was absolutely nothing other than take the investors money.....

The busiest men in America today must be Fairfield Greenwich's lawyers.......

As you see the Madoff saga gets more and more interesting the deepr I dig....

Keep you posted.

Why did Bernie Madoff do it?????

I admit, I am fascinated by the Bernie Madoff affair. Since the story broke on December 13, 2008 of a possibly $50 billion dollar ponzi scheme it has occupied at least an hour of my time each and every day. I joined the facebook discussion group, posted many times in the Globe and Mail & New York Times under my nom de guerre, and spent countless hours asking myself why did Bernie do it?

The simplest of all explanations is that Bernard Madoff is noting but a common thief. While on the surface this sounds correct, it doesn't stand up to my analysis.

Websters Dictionary defines thief as "a person who steals". To steal is defined as "to commit an act of theft" with theft being further defined as "the wrongful taking and carrying away of the personal goods or property of another".

From all the news reports that I have read it appears that Bernie Madoff only started to actively solicit any funds from anyone in the final three weeks of his "Investment Management" business. Prior to that point it appeared that everyone was trying to shove money down his throat. He produced countless fake documents that pertained to financial events that never happened, but when did being a fiction writer become a criminal offense. For the last 40 or soe years he received money from people, but from the evidence that I have read the wrongful taking occurred only in the final month.

It seems surreal, but Bernard Madoff reminds me of Peter Sellers character "Chance Gardener" from his movie "Being There". In this movie Peter Sellers is gardener who resides in a cottage on the grounds of the home where he is employed. By chance gets to wear the hand me down clothes from his employer.. His employer is an elderly man of impeccable taste who wore Brooks Brothers, Zegna, Burburrey etc.

Peter Sellers loses his job when the old man dies and he is forced to vacate the gardeners cottage. At approximately 55 year of age, Chance Gardener finds himself the best dressed homeless person in America While crossing a street in Washington DC, he is accidentally hit by the limousine belonging to a "Mr. Rand" who is the richest and most powerful private individual in America. Since Chance Gardener is so impeccably dressed Mr. Rand makes the assumption that he has inadvertently run over a very important individual. As a matter of courtesy, and to avoid a potential lawsuit Mr. Rand offers to take Chance to his estate and have his personal physician treat him. There, Chances talent of mentioning vague opaque gardeners sayings in the sweetest of manners eventually gets the Republican Party establishment getting behind him as a serious candidate for the US Presidency.

In a way it seams to me that Bernard Madoff got to where he was more by accident than by design.

Did Bernie Madoff do it for personal gain? It appears the answer is no. While he is not poor, his total assets under both him and his wife's name probably amounted to a total cost of $20 million dollars. The New York apartment, middle east side purchased 1990 for $3.3 million. The Palm Beach house purchased 1994 for $3.8 million. Montauk beach house, Long Island maybe cost $2 million. These three properties were in his wife's name and they are security for his 10 million dollar bail bond and their current value is maybe $20 million. There is an apartment in Cap d'Antibes on the French Riveriera maybe $1 million. A small crash pad near Wall Street possibly another million. A 1969 wooden boat named "Bull" that is 55 feet long and was purchased in 1977 for $469,000 docked at Palm Beach. A 2003 fishing boat "Sitting Bull" 38 feet long docked in New York. Some jewelery and watches, personal effects, maybe a couple of million with probably half of them being received as gifts. Some personal bank and brokerage accounts with maybe $10 million. Everything in his wife's name. Everything except for the 2003 boat acquired before the limitation period for fraudulent conveyances...

I have completely ruled out personal enrichment as a motive, and that is the main reason why I find Bernie Madoff so fascinating. Why did he do what he did? The world may never know, but I have entertained several possibilities.

Til next time.

The strongest case for hanging some financiers and compensation consultants...

Greed knows no bounds. What will it take for Wall Street to clue in???? Nothing short of Roman style decimation.......

From Sunday February 8, 2009 New York Times

You Try to Live on 500K in This Town

By ALLEN SALKIN

PRIVATE school: $32,000 a year per student.

Mortgage: $96,000 a year.

Co-op maintenance fee: $96,000 a year.

Nanny: $45,000 a year.

We are already at $269,000, and we haven’t even gotten to taxes yet.

Five hundred thousand dollars — the amount President Obama wants to set as the top pay for banking executives whose firms accept government bailout money — seems like a lot, and it is a lot. To many people in many places, it is a princely sum to live on. But in the neighborhoods of New York City and its suburban enclaves where successful bankers live, half a million a year can go very fast.

“As hard as it is to believe, bankers who are living on the Upper East Side making $2 or $3 million a year have set up a life for themselves in which they are also at zero at the end of the year with credit cards and mortgage bills that are inescapable,” said Holly Peterson, the author of an Upper East Side novel of manners, “The Manny,” and the daughter of Peter G. Peterson, a founder of the equity firm the Blackstone Group. “Five hundred thousand dollars means taking their kids out of private school and selling their home in a fire sale.”

Sure, the solution may seem simple: move to Brooklyn or Hoboken, put the children in public schools and buy a MetroCard. But more than a few of the New York-based financial executives who would have their pay limited are men (and they are almost invariably men) whose identities are entwined with living a certain way in a certain neighborhood west of Third Avenue: a life of private schools, summer houses and charity galas that only a seven-figure income can stretch to cover.

Few are playing sad cellos over the fate of such folk, especially since the collapse of the institutions they run has yielded untold financial pain. But in New York, where a new study from the Center for an Urban Future, a nonprofit research group in Manhattan, estimates it takes $123,322 to enjoy the same middle-class life as someone earning $50,000 in Houston, extricating oneself from steep bills can be difficult.

Therefore, even if it is not for sympathy but for sport, consider the numbers.

The cold hard math can be cruel.

Like those taxes. If a person is married with two children, the weekly deductions on a $500,000 salary are: federal taxes, $2,645; Social Security, $596; Medicare, $139; state taxes, $682; and city, $372, bringing the weekly take-home to $5,180, or about $269,000 a year, said Martin Cohen, a Manhattan accountant.

Now move to living expenses.

Barbara Corcoran, a real estate executive, said that most well-to-do families take at least two vacations a year, a winter trip to the sun and a spring trip to the ski slopes.

Total minimum cost: $16,000.

A modest three-bedroom apartment, she said, which was purchased for $1.5 million, not the top of the market at all, carries a monthly mortgage of about $8,000 and a co-op maintenance fee of $8,000 a month. Total cost: $192,000. A summer house in Southampton that cost $4 million, again not the top of the market, carries annual mortgage payments of $240,000.

Many top executives have cars and drivers. A chauffeur’s pay is between $75,000 and $125,000 a year, the higher end for former police officers who can double as bodyguards, said a limousine driver who spoke anonymously because he does not want to alienate his society customers.

“Some of them want their drivers to have guns,” the driver said. “You get a cop and you have a driver.” To garage that car is about $700 a month.

A personal trainer at $80 an hour three times a week comes to about $12,000 a year.

The work in the gym pays off when one must don a formal gown for a charity gala. “Going to those parties,” said David Patrick Columbia, who is the editor of the New York Social Diary (newyorksocialdiary.com), “a woman can spend $10,000 or $15,000 on a dress. If she goes to three or four of those a year, she’s not going to wear the same dress.”

Total cost for three gowns: about $35,000.

Not every bank executive has school-age children, but for those who do, offspring can be expensive. In addition to paying tuition, “You’re not going to get through private school without tutoring a kid,” said Sandy Bass, the editor of Private School Insider, a newsletter that covers private schools in the New York City area. One hour of tutoring once a week is $125. “That’s the low end,” she said. “The higher end is 150, 175.” SAT tutors are about $250 an hour. Total cost for 30 weeks of regular tutoring: $3,750.

Two children in private school: $64,000.

Nanny: $45,000.

Ms. Bass, whose husband is an accountant with many high-end clients, said she spends about $425 every 10 days on groceries for her family. Annual cost: about $15,000.

More? Restaurants. Dry cleaning. Each Brooks Brothers suit costs about $1,000. If you run a bank, you can’t look like a slob.

The total costs here, which do not include a lot of things, like kennels for the dog when the family is away, summer camp, spas and other grooming for the human members of the family, donations to charity, and frozen hot chocolates at Serendipity, are $790,750, which would require about a $1.6-million salary to compensate for taxes. Give or take a few score thousand of dollars.

Does this money buy a chief executive stockholders might prize, a well-to-do man with a certain sureness of stride, something that might be lost if the executive were crowding onto the PATH train every morning at Journal Square, his newspaper splayed against the back of a stranger’s head?

The man would certainly not feel like himself on that train, said Candace Bushnell, the author of “Sex and the City” and other books chronicling New York social mores.

“People inherently understand that if they are going to get ahead in whatever corporate culture they are involved in, they need to take on the appurtenances of what defines that culture,” she said. “So if you are in a culture where spending a lot of money is a sign of success, it’s like the same thing that goes back to high school peer pressure. It’s about fitting in.”

By the way, the frozen hot chocolate costs $8.50.

Why do advanced civilizations decline (self-destruct)?

One of histories greatest questions is why on earth do advanced civilizations that are ahead of the competing civilizations invariably choose to self-destruct. Why do they roll over for barbarian civilizations without a fight, and through their act of self-destruction create a void that hastens the development of a less advanced society. Instead of humankind progressing in a linear fashion, we have arrived to where we are through leapfrog.

In 1982 a University of Maryland economics professor named Mancur Lloyd Olson, Jr expanded on his previous work from 1965 The Logic of Collective Action: Public Goods and the Theory of Groups to offer an explanation for the rise and decline of nations.

According to Dr. Olson over time small self-intrest groups form that influence overall distribution of wealth. Since this privelage is contrated within the hands of a small group while the cost is widely dispessed, society generally acquises to the self-intrest groups since the societal cost is small at first. Gradually over time these self-intrest groups expand grabbing a disproprtionate share of the pie, and this expansions keeps happening until the system collapses. This collapse usually takes the form of a revolution or sometimes a war.

In certain instances when a country is milirtarily defeated the victor anihilates the losing powers influence groups. A historical example is the USA upon beating Japan & Germany in WWII. The USA being the victor tried and executed hung a significant portion of both countries military/industrial elites. Germany and Japan were no longer burdened with the militarists and they were able to create a modern state that was more advanced than their victor. Think no need to pay for all the guns and tanks thereby they could afford socialized medicine and modern infrastructure.

Who is today's special intrest group that burdens society?

How to fix the world's financial system.......

It's official. Canada is in the middle of an economic bloodbath, and contrary to what the sun shines in the rectum crowd believe we are not immune to global economic forces. Supply, demand, greed, fear, scarcity, insatiability are all forces that effect us. Globalization has led to increased efficiency, and it has made the world susceptible to a global economic domino effect. Economic turmoil in one country is made contagious through trade relationships with other countries. Canada lost 129,000 jobs during the month of January 2009, and all indications are that the other months of the year are going to be worse.

How did this happen? Very simply the social contract that we as a market driven free society abide by has been violated. Under our societies norms hard work, perseverance, intelligence are rewarded, while laziness, recklessness and stupidity are punished. Wall Street, and the cabal of global financiers have demonstrated that reckless stupidity leads to a reward whereby the state enslaves the masses to pay for the reckless ones folly, and further rewards reckless behavior by paying bonuses to the reckless parasite. Our whole ideal of right and wrong has been thrown upside down, and society has been infected with a disease that if left to fester could result in the destruction of civilization as we know it.

What is even more amazing is how the parasite class of malefactors of wealth have protested that $500,000 per annum as a reward for destroying a successful corporation and the lives of many ordinary folks is insufficient. This makes my blood boil. This makes me as a citizen want to go on strike and halt all forms of economic output. I do not want to be raped by the politician for the benefit of the financier......

When dealing with madness like this, it is important to look for what has worked in the past to revolutionize a society. To this we turn to history's master...... Lenin

"We need the real, nation-wide terror which reinvigorates the country" Lenin

It is necessary to instill terror into the financiers so as to ensure that the message, robbing from the masses is wrong sinks in. So far the malefactors of wealth have shown that they just don't get it.

Now the question is how do we as a society instill terror in it's purest unadulterated form to the parasitic cabal of malefactors of wealth....

History gave us another vissionary who had the solution. His name was Nadar Shah, a 18th century Persian general who was known as the Napoleon of Asia. He was the only person in history to successfully subjugate Afganistan. He did it with a lottery...

To see how I would apply Nadar Shah's lottery prinicipal to instill pure Leninist terror in the investment banking community you will have to come back to my blog.......

Til next time......

Time to cancel the 2010 Vancouver Olympics.

Twenty years ago when I was the Social Credit party candidate for the Victoria-Hillside constituency I had a heretical idea. It was to sink the Princess Marguerite off the Dallas Road waterfront to create an artificial reef. The people of Victoria called me mad, but as I have learned in my youth the difference between madness and vision is simply timing.

Here is something to get you thinking. How about BC cancels hosting the 2010 Olympic games.

There is historic precedents canceling the Olympics during a time of war. There are also historic precedents for Olympic boycotts as a protest against the host nations policies. So if we canceled the games it would not be the first time that athletes feelings are hurt.

From square one I have felt that the 2010 games were a scam. The Whistler property owners with tales of chocolate rivers and gumdrop trees tricked the population of BC into upgrading the road to their chalets. A few thousand plutocrats would benefit while a few million suckers would be stuck paying for it. If there was any fairness, the bourgeois pigs that own Whistler property would be stuck with the entire bill for the games.

So lets look at the Benefits/Advantages of cancellation versus the Benefits/Advantages of carrying forward with the games.

Benefits of Canceling the Olympics:

1> Avoid having to pay $1 Billion + for two weeks of security.
2> Stopping the construction of expensive play zones that have enormous legacy costs. We can spend millions on Luge runs, yet we can't afford to fund PSA test for prostate cancer.
3> Halt construction of the Athletes Village and other P3 projects.
4> Mitigate the potential damage of advertising to the world that Vancouver is the darkest, wettest most miserable major city on the planet during the month of February.
5> Giving all of BC the opportunity to watch the thieves that brought us the games throw their panties in a bunch because they can't have their way.

Disadvantages of Canceling the Olympics:

1> I can't think of any other than pissing off some weenies.

So here is my idea lets cancel the 2010 games and use the global financial meltdown as the excuse.

So if anyone can think of a logical reason why we should continue with the games, please let me know..

Bloodbath 101 - The Victoria BC real estate market crash....

It is official. The economists at the BC real estate board have put away their bongs and noticed what has been going on for almost a year. The Victoria real estate market is getting soft. The economists at the Real Estate Board predict that for 2009 prices are going to drop 10% in Victoria and 12% on the rest of Vancouver Island.. For 2010 they are predicting that the prices will start rising again....

What does it mean for you and I?

Answer: It depends if, when, what, where and how you purchased Victoria real estate.

Person #1 - Does not own Victoria real estate

This person has no downside and no upside. While this person is immune to capital losses, they are lacking tenure in Victoria. They can sit back and get satisfaction watching greedy property speculators take a hit.

Person #2 - Owns a modest home in Saanich purchased in 1998

This person has benefited from excellent timing resulting in a low entry price point. There is a good chance they purchased their home off of a 1994 Commonwealth Games speculator. Provided that they have not cracked out to Home and Garden Television and re-mortgaged to renovate, they are probably sitting at 80% equity. If this person likes where they live, they are a prime candidate for the $1,350 renovation tax credit, and it's time to modify your home to become more geriatric friendly.

Person #3 - Purchased a new condominium downtown completed summer of 2008

The old adj location, location, location holds true for this person. While they probably paid way too much for the condominium, their position is dependent upon what was the purpose of their condo purchase;

a> To flip the condo before its completed - This person is screwed because they could not find a greater fool than themselves. They most likely could never have afforded the condo in the first place.
b> You needed a place to live and you purchased the condo with the proceeds of the sale of the former residence - You are doing OK. While you overpaid for the condo, someone else overpaid you for your former home so its all relative.
c> To rent the condo and subsequently re-sell for a big profit - If you paid cash for the condo you are hosed since all your money is tied up in an asset that's losing value. If you financed the purchase 100%, you are screwed since the condo is a money pit that can't carry itself, and any rental loss is NON-DEDUCTIBLE.

Person #4 - Alberta Physician who bought a Bear Mountain low rise condo being completed 2009

This person is just plain stupid. They would have paid over $600 per square foot for a stick condo in LANGFORD. They would have been at the buying frenzy in 2006 when hordes of stupid professionals from Alberta plunked down their deposits for their chance to own a piece of the NEXT WHISTLER. It is obvious that they have been self soothing from their physician bags since Langford lacks a mountain, ski-lifts or reliable snow.

Person #5 - Bought home Mill Bay completed late 2007 with 40 year amortization mortgage.

If you put no-money down on this home, my advice would be to declare bankruptcy. They grossly overpaid and five years of mortgage payments would only make a 5% dent in the principal. This way, seven years after the discharge date there is no mention of the bankruptcy on your credit record and ten years from now you can be looking at a reasonable home with a 25 year amortization, and you would have saved up a down payment.

Over all, the dumbest person has to be person #4. Proven delusional and suffering from hallucinations.....

Till next time.