See yesterdays post: General Motors ON

UPDATE 11/17/2010 @ 1pm: VOILA! – GM Confirms Expanding IPO by 31 percent

I’ll just keep it coming.

Peace be to my Brothers and sisters.

Brian Patrick Cork

http://briancork.wordpress.com/2010/11/16/general-motors-on/

So…

Throw out everything you believe you know and understand about government and finance.

Rules don’t seem to apply on both the light and dark side (which is which?)

In recent press, it’s been indicated by the IRS that the federal government might lose about $17 billion in revenue – just from the Madoff (and related) situation alone.

The Security Investor Protection Corporation (SIPC) says it might not have enough funds to cover claims from distraught investors.

However, we have to be impressed by the notion of recent economic stimulus packages (at least in description) of $600 billion, $400 billion, $700 billion, and soon Obama’s $870 billion package…Even if the banks are waiting for Obama to actually step into the White House before they release funds.

Did I say that?

In any event… How much money does the United States Government actually have?  Can you write someone and request a balance sheet?  If the “powers-that-be”  bandy numbers as stated above about – who even knows if those funds are actually available?

If the United States Treasury one day announced that someone (Paulson again?… That Rascal) had found a Trillion dollars, who could say otherwise?  

I wonder if one day someone asks and and then investigates the question: Where does money come from?

Lets listen to “Here’s to the State” by Eddie Vedder today.

Peace be to my Brothers and Sisters.

Brian Patrick Cork