…from the quill of Antisthenes
1. China’s National Audit Office in its diligent audit of the nation economy managed to miss 3 trillion yuan (a mere US$473 billion)* apparently all on its own, without help from the Goldman Sachs consultants. The amount represents a debt by local authorities. The Chinese auditors are now in great demand all over the world and the end of financial troubles is in sight.
2. Cosco, China’s biggest shipping firm came under more fire for withholding payments for vessels it had chartered, as it haggles for cheaper rates. The boss of Baltic Exchange called on Cosco to honour its contracts, but if the Chinese hold firm in a true red Maoist tradition and do not pay, Australians could be buying even cheaper toys this Christmas.
3. An as yet unconfirmed rumour has it that following successful careers, two world famous financial wizards are now ready to offer their services to the public; their previous engagements terminated by a few disgruntled clients. The firm of Berlusconi&Papadopulos Prudential N.L. is just about ready to advise clients how to follow in their footsteps to prosperity and even further. Only bigger, still relatively solvent countries to apply.
Additional partners with proven record are being head-hunted for the soon to be booming firm. At the moment it seems to be a toss between Australian Prime Minister Julia Gillard and Chinese Peoples’ Republic Ever Helpful Assistant Treasurer Wayne Swan. Another fiscal genius, known only by his initials ‘bho’ apparently took a deferred option since he has a large sandpit of his own and there is still some sand left.
4. As Europrotektors are being sought to save penniless bankers of Europe, Goldman Sachs International Adviser Mario Monti has been appointed as such for the area formerly known as Italy. More Goldman Sachs experts are readying themselves to save Euro Free Fall Zone. George Soros expressed interest in Hungary, but another contender of similar background awaits in the Champ Elysees wings.
2 + 2 = 7