Monday, January 27, 2014

california dreaming

CALIFORNIA DREAMING

Apropos to not much except regionalism, I highly recommend “Marching As To War” by Justin Watson. It claims to be post-apocalypse but I would claim it to be militia porn ( and a very fine specimen of the genre ). Think of it as Hillbilly Joan Of Ark. For all those AR worshiping, Tommy Tactical Mall Ninjas who think spraying lead at a superior numbered foe is the way to win a revolution, read this book about a clan of warriors who fights the smart way. Okay, on to California as a bellwether state. California has always led the way- of course, mainly in a bad way. Build a bubble on a scarce non-renewable reswource, they did it with gold. Fight against nature to grow crops in a desert- California. Steal water on a huge scale-California. Use illegal immigrants to grow the economy, grow the world’s ninth largest economy by suckling on the federal teet and mining the soil and leading with a real estate bubble. Colonize surrounding poor rural states by sending conquering waves of retirees to swarm the voting booths. De-manufacture the economy with a “service” economy built on hype and wishful thinking-Hollywood. Run a bloated government on debt ( I’m not sure if Reagan got this idea from his tenure as Governor or the state copied their favorite adopted son ).

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California knows a thing or two about municipal bankruptcies. Not that they beat the rustbelt areas, but they are leading the way trying to get as many of them failing in a row. They are darn good at paving over farmland- again, not the first for the idea, but first in eliminating an economic sector by doing so. First in Suburbia Nation, first in 100% car dependency. They started the fast food way of life. Its retirement fund for civil servant pensioners had a big hand in the derivatives cookie jar- perhaps the biggest globally. Now, with so many problems, you would think that back in 2009 or so that with its forty billion dollar deficit the state itself would have already been bankrupt. It is, technically. But more along the lines of “can’t even operate day to day”. But there it is, still treading water in lead shoes and kicking the can down the road. Without any proof whatsoever, I’d like to suggest that despite the dog and pony show the feds put on years ago, they are in fact bailing out the state so it doesn’t implode. The Federal Reserve Bank has sent money to foreign countries by the dozens, and to even more we don’t know about yet ( what they want you to “discover” is the slight of hand covering up much larger actions ). It isn’t because the Fed Bank loves Ecuador or whoever- it is because the banks that comprise The Bank are so exposed to the derivatives market that one failing anywhere drags down the whole thing ( the surviving banks are just as exposed as the ones that failed- sometimes with AT LEAST fifty to one equity holding. If 2% of their derivative bets don’t pay up, if the bet is reneged on, their entire equity is wiped out ). I’m thinking that the California real estate market is such a bet. Just look at the still much too high valuations. Watch California. That is your canary in the coal mine.

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20 comments:

  1. Oh. Mr. Dakin.

    You are so wrong.
    I used to work for the state and I only get $235.00 Monthly. pension.

    Where do you get your Info?

    One question:
    I'm poor. Are you poor?

    If you are honest you will answer the question. If not you will give other phony excuses.

    ARE YOU POOR.?


    not Brandy.

    ReplyDelete
    Replies
    1. My father is a Cali pensioner. And no, I ain't poor. I have almost no bills.

      Delete
  2. and your point is what??

    ReplyDelete
  3. Lord Bison of the Great Basin and King of Coiffure;

    I know without mention and everyone here with the exception of the detractors (always in a semi-public forum) are keeping their collective eyes and hears on the once "Golden State" for indicators of a general economic collapse and have been doing so, once the individual became aware of the concept. Derivatives are in and by themselves a scary notion, when it goes into the hundreds of trillions of FRN's as reported in the WSJ, Forbes and the Economist. Of course these derivatives are untenable and will be the leading cause of the economic collapse again as most semi-informed know. The trick is all in the timing and will the great unwashed know that a collapse is imminent, within acceptable parameters in order to make good an escape plan from the urban hell that is the majority of occupants in North America? I think it will provided that the telecommunications grid is able to function up until the moment of that collapse, but with sagging infrastructure being what it is, that might not happen. All in all good advice to those unacquainted with how the once "Golden State" plays into the global economy.
    Keep keeping it real James!

    ReplyDelete
    Replies
    1. I know it was a bit old hat, but better than just a book review like it started out as. Some days I'm beyond perfection, other off days I'm just darn good.

      Delete
  4. So, the headlines about Chinese Investors looking to buy up portions of Chicago is just a portion of that slight of hand?

    ReplyDelete
    Replies
    1. Look at all the fuss about the Japs buying up property in the 80's. What are the Chinese buying? They are stripping the last of the junkyard. Carrion.

      Delete
  5. The coastal states are always the canary. And think about it, we have 5-6 states on the gulf coast, and over a dozen on the atlantic coast. on the pacific coast, we only have 3 maybe 5 if you somehow count our islands (alaska is an island). And the largest by far is california, with both pop. and land area and harbors.
    And look at the cities- SanFran,LA,Hollywood, OC, SanDiego,SantaBar., etc, etc, etc.
    The good news is there is relatively few roads out of the state. Come the collapse the sierra nevadas will be home to the bandits - and the few rivers and islands will be home to the pirates.

    ReplyDelete
    Replies
    1. Hopefully the exodus will be in winter. The northern escape route should finish off the masses. If it is summer the southern escape route will finish them off with the 120 degrees.

      Delete
  6. Jimbo:

    I know you're very rich person, racking thousand of dollar monthly.

    You can full some people some of the time but, you can not full people all of the people all of the time.

    If need be I can give you the stats of how much you are worth.

    Oh, I'll bet is wonderful to work for either social security or the internal revenue. alone the property tax files.

    The clerck.

    ReplyDelete
    Replies
    1. You caught me. Me and Rawles are fighting to see who can get the richest. I might be hiring an editor shortly, also. What are your qualifications?

      Delete
  7. Hey Mr. Wonderful:

    You are doing so much with so little. You are amazing. Of course besides being a CHRONIC COMPLAINER.
    II like to ask: Is there any- anything positive (according to your views) The Gov. is doing??

    Why don't you post which of your coomy views or which commy Gov. fits your analogy.??

    After doing that. Can you give the Gov. a rest??

    Thanks.

    BTW. I come here because an invitation from a friend. He told me this was a prepper site not a political site. I BELIEVE YOU'RE DRIFTING AWAY FROM THE MISSION OF THIS SITE.

    You should respect your gov.

    ReplyDelete
    Replies
    1. The govt. is doing a wonderful job of humping us.

      Delete
  8. Once I was promised that a devastating earthquake would turn California into the new Atlantis. I'm so damned tired of being lied to. I'm also worried that the continuing slow collapse will cause the peons to migrate East in ever increasing numbers. I have enough trouble. To all Californians: Cuba is south of Miami - you will be happier there.

    ReplyDelete
    Replies
    1. Glen Beck has every listener believing Texas is the new California. And North Dakota will attract a few idiots. But other than that, what economic paradise calls? I think you should be safe.

      Delete
  9. Nobody is going to North Dakota. In summer, the Ticks and Mosquitos will eat you alive. In winter you feel like you're in the movie "Groundhog Day". It is a beautiful place to look at, but tough place to live(they do pay really well up here).

    ReplyDelete
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    1. I was thinking more along the lines of wherre the few jobs are. Nobody goes there for the weather or scenery or any other reason.

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    2. Damn this place is full of friggin uneducated idiot hillbillies tonight, learn to use spellcheck if your going to attack someone and at least appear intelligent. Otis

      Delete