{"id":14143,"date":"2011-02-18T06:23:11","date_gmt":"2011-02-18T13:23:11","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=14143"},"modified":"2011-02-17T23:36:25","modified_gmt":"2011-02-18T06:36:25","slug":"greece-is-the-word-is-the-word-is-the-word","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14143\/greece-is-the-word-is-the-word-is-the-word\/","title":{"rendered":"“Greece is the word, is the word, is the word…”"},"content":{"rendered":"

Some of us, here on BHB and elsewhere, have been arguing that a collapse is coming.\u00a0 A financial collapse due to the almost incomprehensibly\u00a0fraudulent practices of the local, state and federal governments.\u00a0 A fraud so immense that most of us can’t even begin to wrap our minds around it.\u00a0 In my home state of California, just to give one example, people still discuss the budget deficit of $19,000,000,000<\/a> to $25,000,000,000<\/a> depending on who’s talking.\u00a0 (Yes, those numbers are in billions.)\u00a0 They do that to avoid discussing the unfunded liabilities<\/em> that are now well over $500,000,000,000<\/a>.\u00a0 Yes, that is $500 billion.\u00a0 No, no other state is even within a factor of that.\u00a0 Yes, that means the state of California is completely lost;\u00a0there is\u00a0no possible way back\u00a0to solvency.\u00a0 This ends with\u00a0a massive federal bailout and\/or bankruptcy.<\/p>\n

My point here is not California, because California’s problems are dwarfed by the massive theft and malfeasance that has happended on the federal watch.\u00a0 I mention them only by way of example, and in that California best portends what’s happening.\u00a0\u00a0What’s interesting, but not at all surprising, is that California does not portend what’s to come.\u00a0 For a glimpse through that window we can look to Wisconsin.\u00a0 Today.\u00a0 Why there?\u00a0 Why not California?\u00a0 Simple: there’s no pain in the Golden State…\u00a0yet.\u00a0\u00a0The good people here continue to elect politicians based on\u00a0the size of their promises.\u00a0 So, while the 8th largest economy in the world burns to the ground, no one seems to notice because nothing is being done about it.\u00a0 In Wisconsin, on the other hand, (where the budget deficit is only $3.1 billion<\/a>) the Governor has set out to make some changes and all hell is breaking loose.\u00a0 Chief among these changes\u00a0is to rid the state of the absurd concept of collective bargaining for state workers, which is nothing more than institutionalized bribery. Imagine a situation where the owners of a company – those in charge of employee pay and benefits – owe their position to the workers<\/em> of the\u00a0company!<\/p>\n

Union Rep<\/strong>: “What we want is a pay raise and greater benefits.\u00a0 If you give us those, we will support Read more<\/a><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Some of us, here on BHB and elsewhere, have been arguing that a collapse is coming.\u00a0 A financial collapse due to the almost incomprehensibly\u00a0fraudulent practices of the local, state and federal governments.\u00a0 A fraud so immense that most of us can’t even begin to wrap our minds around it.\u00a0 In my home state of California, […]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[251],"tags":[],"class_list":{"0":"post-14143","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-big-mother","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9300,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9300\/too-stupid-to-do-business-with\/","url_meta":{"origin":14143,"position":0},"title":"Too Stupid To Do Business With?","author":"Mark Madsen","date":"July 24, 2009","format":false,"excerpt":"I'm not that guy who loves forwarding funny emails, but my father-in-law sent one to me that I had to share because it could totally apply to our industry. Either way, I thought it would make for a little Friday fun. ___________ This is a true phone call from the\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15060,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15060\/who-nose-whats-right\/","url_meta":{"origin":14143,"position":1},"title":"Who “Nose” What’s Right?","author":"Don Reedy, San Diego, CA","date":"September 9, 2011","format":false,"excerpt":"This is an article whose inception has come from some recent interactions on other blogs with regard to NAR's update of Article 10 of the Code of Ethics concerning discrimination against sexual orientation. Though I participated in commentary on this topic, what really was bothering me was what follows. Simply\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6506,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6506\/blog-makeovers-with-traffic-source-in-mind\/","url_meta":{"origin":14143,"position":2},"title":"Blog makeovers with traffic source in mind.","author":"Eric Blackwell","date":"January 11, 2009","format":false,"excerpt":"I have been really enjoying Stephanie's latest two posts. One's here. The other here. I also cannot help but notice that a lot of people are getting into updating their blogs and changing how they are presenting themselves to the world. I could not be more thrilled. We are doing\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4290,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4290\/bloodhound-blog-radio-what-the-fanniefreddie-bailout-means-to-realtors\/","url_meta":{"origin":14143,"position":3},"title":"Bloodhound Blog Radio: What the Fannie\/Freddie Bailout Means to REALTORS","author":"Brian Brady","date":"September 8, 2008","format":false,"excerpt":"I guess we saw this coming.\u00a0 Robert Kerr has been talking about the collapse of the GSE's, in the comments section on Bloodhound Blog, for close to a year now.\u00a0 Sean Purcell and I recorded a teleconference for California REALTORS about the Treasury bailout of the GSEs. We talk about\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14041,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14041\/virginia-legislature-wants-the-commonwealth-to-be-the-golden-state-california-accedes\/","url_meta":{"origin":14143,"position":4},"title":"Virginia Legislature Wants The Commonwealth To Be The Golden State. California Accedes.","author":"Brian Brady","date":"February 1, 2011","format":false,"excerpt":"Worried about a dollar collapse?\u00a0\u00a0 Virginians may worry less because their legislature\u00a0 is proactively investigating solutions: WHEREAS, various systems of alternative currency employing gold or silver, or both, in the form of coin or its equivalent in bullion have already proved themselves in the free market, and could either be\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":594,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/594\/what-word-needs-to-get-out\/","url_meta":{"origin":14143,"position":5},"title":"What word needs to get out?","author":"Russell Shaw","date":"November 3, 2006","format":false,"excerpt":"Thank you, Greg! That was such a flattering (and nice) introduction - now I have to eventually write something useful or at least interesting or I've let you down. I really appreciate you making room for me like this here on your blog - that is very generous of you\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=14143"}],"version-history":[{"count":13,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14143\/revisions"}],"predecessor-version":[{"id":14157,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/14143\/revisions\/14157"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=14143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=14143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=14143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}