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Old 07-03-2012, 10:53 PM
 
7,150 posts, read 10,892,422 times
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Quote:
Originally Posted by Don9 View Post
BTW: I'm an ex-Californian now ... I've got the keys to greener pastures!!!
Well, brother boater Don ... congratulations and fair winds afloat in Tennessee!

Quote:
Originally Posted by Don9 View Post
You keep blowing up a balloon and nothing happens until it can't hold anymore air ... then it bursts!

Unfunded public pensions are not exclusive to California ...
Right. Unfunded pension funds are not exclusive to California. But they are not what burst the balloon.

What you are describing as blowing up until it can't hold any more air and then bursting is what happened to the housing market fraud, that then revealed unsustainable use of credit by everyone everywhere. And if the economy hadn't been on such a pseudo-roll on pseudo-credit for so long and so deep, those pension funds and other commitments would never have been made --- because *drum roll* there would never have been the revenue streams created that appeared to justify all the nonsense.

Happy boating and fishing.

 
Old 07-03-2012, 11:23 PM
 
5,113 posts, read 5,969,382 times
Reputation: 1748
Quote:
Originally Posted by nullgeo View Post
Well, brother boater Don ... congratulations and fair winds afloat in Tennessee!


Right. Unfunded pension funds are not exclusive to California. But they are not what burst the balloon.

What you are describing as blowing up until it can't hold any more air and then bursting is what happened to the housing market fraud, that then revealed unsustainable use of credit by everyone everywhere. And if the economy hadn't been on such a pseudo-roll on pseudo-credit for so long and so deep, those pension funds and other commitments would never have been made --- because *drum roll* there would never have been the revenue streams created that appeared to justify all the nonsense.

Happy boating and fishing.
The housing market bubble was a contributor ... and there were others ... but public pay and pensions put a very heavy burden ... in the trillions ... on the public sector.
 
Old 07-03-2012, 11:33 PM
 
7,150 posts, read 10,892,422 times
Reputation: 3806
Quote:
Originally Posted by Don9 View Post
The housing market bubble was a contributor ... and there were others ... but public pay and pensions put a very heavy burden ... in the trillions ... on the public sector.
That "burden" wasn't a burden that caused the crash ... nor did it have any significant affect on life in California until other factors made it unsustainable. If the funds didn't exist, the markets would have crashed anyway ... their burden became a negative factor ONLY after and because the market crashed.
 
Old 07-03-2012, 11:45 PM
 
5,113 posts, read 5,969,382 times
Reputation: 1748
Quote:
Originally Posted by nullgeo View Post
That "burden" wasn't a burden that caused the crash ... nor did it have any significant affect on life in California until other factors made it unsustainable. If the funds didn't exist, the markets would have crashed anyway ... their burden became a negative factor ONLY after and because the market crashed.
Then they should have no problem now since Obama got the markets back to where they were before the crash The country had been heading for the crash for a long time and the manufactured housing market crash just pushed us off the edge. The banks we about to go before the crash and they are still insolvent today. Thia whole deal was a scam on the people ... the greatest theft of wealth in history ... and it happened all over the world.
 
Old 07-04-2012, 12:59 AM
 
Location: San Diego, California Republic
16,588 posts, read 27,375,337 times
Reputation: 9059
Quote:
Originally Posted by Don9 View Post
And more recently

So before those of you predictably "blame the left" for any and all issues such as this, I will call a preemptive BS!
What point are you attempting to make? [/quote]^this one. Thanks Don
 
Old 07-04-2012, 07:24 AM
 
Location: San Luis Obispo and Santa Barbara Counties
6,390 posts, read 9,678,559 times
Reputation: 2622
Quote:
Originally Posted by Don9 View Post
BTW: I'm an ex-Californian now ... I've got the keys to greener pastures!!!
Good on ya Don, all that heat and humidity is good for your complexion.
 
Old 07-04-2012, 07:51 AM
 
7,150 posts, read 10,892,422 times
Reputation: 3806
Quote:
Originally Posted by Don9 View Post
Then they should have no problem now since Obama got the markets back to where they were before the crash The country had been heading for the crash for a long time and the manufactured housing market crash just pushed us off the edge. The banks we about to go before the crash and they are still insolvent today. Thia whole deal was a scam on the people ... the greatest theft of wealth in history ... and it happened all over the world.
Don, a few of your conspiratorial suspicions here are partly founded in reality ... but not the way you think, I'm afraid. The big bad banks weren't about to go before the crash. But they have long been actually insolvent. But then again, that doesn't really matter to the biggest controlling banks in our system of money creation -- because money is based on debt which is based on credit which is based on *drum roll* trust. That's it. There is no actual standard of productivity or rare metals or ........ So they get to create more money out of nothing at the push of a button on a computer ... and no one has to back it up ... except by a game among themselves of balancing inflation and debt ratios.

So it was close to "the greatest theft of wealth in history" ... but the truly greatest theft of wealth was the creation of central banking systems to begin with. From there: all money is controlled. And with control of money creation, as Mayer Rothschild once said: "Give me control of a nation's money and I care not who makes the laws."

That said, however, it doesn't really matter much if we do live under this charade. Because the species of man at the everyday level isn't capable of running a world of such great population and resulting complexity -- except by fraud. So, hate the Fat Cats if you will -- I despise their sociopathic selves -- but thank your lucky stars they have the engine running so you can get through your life of consumerism. You wouldn't know what to do with true freedom if you woke up to it one day. Can you say: Apocalypse?

And now back to my life approximating hunting and gathering .... nearly alone most of the time ... on islands, at sea, in the woods. Over and Out.
 
Old 07-04-2012, 09:49 AM
 
25,619 posts, read 36,677,590 times
Reputation: 23295
Quote:
Originally Posted by .highnlite View Post
so, folks, how does the economic state of California affect you personally.
Business down by 60% since 2008. Reduced work force from 35 to 15.
 
Old 07-04-2012, 10:23 AM
 
Location: Declezville, CA
16,806 posts, read 39,926,478 times
Reputation: 17694
Quote:
Originally Posted by Don9 View Post
BTW: I'm an ex-Californian now
In between wiping the sweat from your eyes and swatting skeeters, you'd should probably change that location line.
 
Old 07-04-2012, 10:29 AM
 
5,113 posts, read 5,969,382 times
Reputation: 1748
Quote:
Originally Posted by Gentoo View Post
What point are you attempting to make?
^this one. Thanks Don[/quote]

I didn't make that statement.
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