Do as I say, don't do as I do

This kind of bogus wishful thinking lights a fire under my profitable butt. The Financial Post had this to say about Curly's administration:

The Quebec government, desperate to head off a looming collapse of household finances when interest rates rise, has tabled a bill that would force credit card holders to boost their monthly payments and settle their debts faster.

When you read this at a first level, this all makes fucking perfect sense, don't it? Let's spin the table 180 degrees for a second and let's re-write the sentence the other way around, let's see:

The Quebec citizens, desperate to head off a looming collapse of government finances when interest rates rise, has tabled a bill that would force the Quebec government to boost their monthly payments and settle its debt faster.

It's like Keith Richards in 1977 exiting a smoke-filled trailer filled with giggling chicks asking you to drop booze and drugs to live a healthier life with broccoli and running a 5K. Dude, c'mon.

When I hear things like "overconsumption", I don't think about this guy who buys a 60" plasma a 10-pound pickle jar at Costco, I am thinking about government creating new agencies of dubious use staffed with hundreds if not thousands of unionized-with-lifelong-retirement-package. This my friends is overconsumption of public funds, and eventually it will shatter the fabric of the universe and create a wormhole that will swallow the entire civilization. 2008 was just a quick dry run.

Let's continue reading shall we:

There has been a persistent unease among Canada’s economic and political leaders over the past year about the level of indebtedness of Canadian households.

Let's swivel the table one more time, it's so fun:

There has been a persistent unease among Canada’s taxpayers over the past year about the level of indebtedness at the federal, provincial and municipal level.

I e-mailed this article with a few reversed-sentences like this to my dear friend Happy Raymond who's the financial Houdini of Quebec.

Raymond was quick to reply with a note that says "Everything is under control". Probably an automated response message.

This cancer has attacked not just this location, but elsewhere too. U.S. Treasury bonds are not worth the electronic text on which they are written

Investors who have been betting on Treasuries are destined "to get cooked like frogs in an increasingly hot pot of water," the well-known bond bear told attendees at a Morningstar Investment conference in Chicago.

Bill Gross, who manages the $235 billion Pimco Total Return Fund (PTTAX), said real interest rates, which remove the effect of inflation to measure the actual yield an investor receives, have fallen into negative territory. He pointed out that Treasury inflation-protected securities with a maturity of 5 years are trading at a yield of -0.5%

What's your credit score, Raymond?

Let me get back to building wealth.