How to fix wrong system time and date?

I just ran a clean install of 12.10 on my sys76 laptop.

Time and date reads: 19:36 31 december 1969, even though it is: 13:29 07 november 2012.

I have it set for my location and it won't change manually, even tried in the command line with tz.

I think it is messing up the security certificates over the Internet cause I cannot change PPA over command line and going to Launchpad brings up the certificates page in Firefox.

Is this some known bug or is there a fix for it?

Try:

sudo ntpdate ntp.ubuntu.com

Yes, it would certainly mess with the SSL certificates, because they would be future-dated.

I doubt it's a bug in Ubuntu. Your CMOS clock in the BIOS must have been set to that somehow.

Just install ntp server:

sudo apt-get install ntp

It will automatically keep your clock synchronized.

Install ntp and ntpdate executing the following commands-

sudo apt-get install ntp
sudo apt-get install ntpdate

Then, execute

sudo ntpdate ntp.ubuntu.com

This works for me.