[Wr8dIAUk]

I love how these articles read.. it's like chaos theory or a bad movie plot.. One thing happens, then another and BLAMMO! The whole world blows up because a butterfly flapped its wings on the other side of the atlantic.

They all read the same way, and they make the book of Revelation look like a kids bedtime story.. and here's another one. But they're right about one thing, the threat is real.

4 Trillion dollars in unfunded liabilities by the States are being floated on the bond market... Investors are nervous and starting to leave. It's un-sustainable. Wild spending and impossible promises in California, NY and Illinois is the problem.

The author postulates some responses..

1) Fed Gov bailout.

2) Bernake does a bailout WITHOUT congress and, essentially, just buys the debt..

He sees a sort of perfect storm for EVERYBODY if this comes to pass.. So that can't happen. I don't, and the best way to get out in front of it is to quietly tell them that there WILL BE no bailout.. So, you guys need to take action at the state level and with your budget to calm these markets.. You need to show them that the debt is good, and you learned your lesson.

But they won't do that.. and I'm genuinely worried that we're going to end up assuming this debt. Even Ron Paul, bastion of "NO!" that he is, has spoken almost FAVORABLY about bailing out California.

It's a good article (Only one page) and it hits all the high notes.. Blacks most affected. Granny's pension.. all of it. Absolutely worth your time to read.

http://blogs.the-american-interest.c...on-on-the-way/

[fotochicaes]

Because Ron Paul can be reasoned with. Do you know why our debt hasn't caused world war three? Because we've been kissing the world's ass with military occupations. Protecting their money long term with drug cartail, selling them our clean water and fuel, etc. We do a lot of shit for them to look the other way. But even then, they want more.

This is why we allowed private banks to own the dollar in the first place. So that like a hydra. Chopping off the head of The American beast does not collapse our economy. It simply grows back. As long as there is one private banking system in cahoots with global trade, the American dollar will not be in any danger, or at least a livable amount of danger...

I also think that inflation is necessary in global trade. Inflation has no effect on a small scale, (whether something costs five or ten dollars, the small scale economy adapts, and you live life as you did before...) but on a massive scale it prevents other countries from being too influential by de-strengthening the dollar so it takes more of it to control our economy.

[Sxedlawb]

All the promises (mostly) Democratic politicians have made to them over decades will be exposed for the hollow frauds they were. This line from the article says it best. Even Democrat voters realize we can't afford everything the Dims are proposing.
NY'ers voted in another Dim governor too. He has very little time to show some kind of improved economy in his state or the revolt will begin.