The German government has offered to help the Greek banks by sending in some tax collection experts. Say what?
This is how capitalism works: the banks load you up with debt. Governments back it and the people thus enslaved. As the people have ever more taken away and less returned, due to their debts, governments must prove they can deliver the interest on the debt to the banks (which are govt backed.) When people resist the govt gets violent in desperation they can deliver. Taxes are the way to collect what they must deliver. So, to help out banks, the Germans offer tax collectors. This makes my head ache.
Meanwhile back in California the unfunded pension liability of CalPERS is only slightly hidden by CalPERS claiming they will make 7.25% per year on their investments. (Tee hee hee...)
Of course this is a joke. So politicians are pushing a bill that will require every business in California with more than 4 employees to create a Defined Benefit Plan (the source of the problem) and pay into CalPERS. In essence, find more suckers for the pyramid scheme.
It won't pass, or it it does, California would be devasted in a decade. O well.
This is how capitalism works: the banks load you up with debt. Governments back it and the people thus enslaved. As the people have ever more taken away and less returned, due to their debts, governments must prove they can deliver the interest on the debt to the banks (which are govt backed.) When people resist the govt gets violent in desperation they can deliver. Taxes are the way to collect what they must deliver. So, to help out banks, the Germans offer tax collectors. This makes my head ache.
Meanwhile back in California the unfunded pension liability of CalPERS is only slightly hidden by CalPERS claiming they will make 7.25% per year on their investments. (Tee hee hee...)
Of course this is a joke. So politicians are pushing a bill that will require every business in California with more than 4 employees to create a Defined Benefit Plan (the source of the problem) and pay into CalPERS. In essence, find more suckers for the pyramid scheme.
It won't pass, or it it does, California would be devasted in a decade. O well.
0 comments:
Post a Comment