While the big “business” (ha-ha) news this morning is the fact that The Nation Of Quebec’s pension plan department, called Caisse de dépôt, lost nearly FORTY BILLION DOLLARS 
of pension funds investment recently, through shear idiotic decisions, bad bets, bad guesses, terrible risk management, it’s actually not just a “business” story at all. It’s a GOVERNMENT story.
Unfortunately, while even the state-owned, socialism-reliant CBC has an oxymoronic (emphasis: “moronic”) “YOUR BUSINESS” segment (where they have ludicrously been reporting on this story this morning), they don’t have a “YOUR SOCIALISM” or “YOUR BIG FABIAN SOCIALIST GOVERNMENT” segment, where this story actually belongs.
For me, aside from the obvious (I am an ex-stockbroker and financial guy), the key feature for me in all this media reporting of the story, is how the liberal-left media is studiously avoiding fully and openly informing Canadians that this Caisse de dépôt is nothing short of a state-created, state-owned, state-run government department with the board of directors being appointed by the province, and is essentially run by the government, even while, in typical Canadian Fabian socialist government style, it is masquerading as a private “corporation”, complete with a “president” and a “CEO”, and moreover, it invests in actual private corporations —to the extent that it actually owns full or controlling interests in otherwise private corporations. (Re-read that sentence. Then read any book about fascism, communism, socialism… and think about it all for a while…)
Many in Canada —especially those who watch the state-owned socialism-reliant CBC —will reflexively and hideously blame this on “big business”, and on “corporations”, because after years of governments deceptively setting up “corporations” and pretending they’re not actually government divisions, the lines are well blurred for them and now they simply don’t have a clue what’s what anymore … business, government…whatever…. they’re “corporations”!. But this is in fact another exquisite example of how left-wing big government is even more totally useless and inept and dangerous than we thought.
The genius government—which the liberal-left think we should all trust to fix everything in our lives and take care of us—lost nearly a quarter of the entire fund in one year. A quarter. In a regulatory environment of their own creation and control and oversight. Using their vast resources of genius bureaucrats and taxpayer-paid minions. (I can report that I did not lose a quarter of our own pension funds in the past year.)
These are the people who expect you to trust them to pick and choose and “invest” your taxpayer cash in things like the CBC and other solid gems like that. And they think they know best how to manage your health care dollars. And your red wine buying. And your lottery ticket needs. And they want to look after your children in government-run daycare (and “early learning” —wink!) centers.
See these blog entries:
• Media, governments: blurring lines between socialism in Canada, and private enterprise.
• More blurring of lines: abject socialism (state-owned and run—shhh! “corporations”); and real ones.
PTBC was founded by Mr. Johannesen in 2000.
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