Is the State of California
bankrupt?
It sure seems
like California is insolvent. Just today we heard
that Arnold Schwarzenegger contacted Hank Paulson
to let him know that the State is having liquidity
problems (see pdf) and needs help. California
ranks as the world’s 9th largest economy with a
population of over 30 million people, so this is
quite worrying.
The state had
an economy that was going gangbusters during the
boom. That certainly aided U.S. GDP growth a few
years back. Now, house prices are way down in
California — San Diego down 31%, San Francisco
down 28%, Los Angeles down 30%. And so goes
housing, so goes California. The
economy is a shambles, unemployment is
skyrocketing and tax revenue is plunging. One city
in California has already gone bankrupt. Could the
whole state be
next? I certainly think
so.
California Gov.
Arnold Schwarzenegger warned U.S. Treasury
Secretary Henry Paulson in a letter emailed
Thursday that the state might need an emergency
federal loan of up to $7 billion within weeks, the
Los Angeles Times reported Friday, citing a copy
of the letter that the newspaper
obtained.
California, among several states frozen
out of the bond market by the credit crunch, is
nearly out of cash to fund day-to-day government
operations and can’t access routine short-term
loans it relies on to remain solvent. If the
state’s inability to access cash continues,
Schwarzenegger aides say, payments to schools and
other government entities in California could be
suspended and state employees laid
off.
-Real-Time
Economics
46 Of 50 States Could
File Bankruptcy In
2009-2010
http://www.creditwritedowns.com/2008/10/is-state-of-california-bankrupt.html#ixzz0aG6IZjF8
Freedom
Arizona
January
30, 2009
There
is a high chance a majority of the States within
the United States of America could file for
Chapter 9 bankruptcy. There is currently 46
states with high budget
deficits, Arizona being one of them.
In
fact, Jan Brewer, the newly appointed Governor of
Arizona has a major crisis on her hands, one that
Arizona and national media isn’t covering. The
alarming news is the State of Arizona has 90 to
120 days before they completely run out of money.
After that, all bills and tax refunds owed to the
citizens will go unpaid.
Read
more at...
http://www.infowars.com/46-of-50-states-could-file-bankruptcy-in-2009-2010/
Will there be
martial
law like suggested in
http://www.eutimes.net/2009/12/prepare-for-rebellion-obama-orders-us-canadian-troops/ ?
Domain name: EUTIMES.NET
Administrative Contact:
contactprivacy.com,
eutimes.net@contactprivacy.com
96 Mowat Ave
Toronto, ON M6K 3M1
CA
+1.4165385457
Technical Contact:
contactprivacy.com,
eutimes.net@contactprivacy.com
96 Mowat Ave
Toronto, ON M6K 3M1
CA
+1.4165385457
NOTE: The eutimes.net seems to be started
in June 2006, and only had one or two articles in
2006.
Again, I say
YES!
Hear/See the shocking
words of Congressman John Haller
(R-PA):
Martial Law Plans
Revealed
http://www.youtube.com/watch?v=LXfXuk6aWJc
More
military Hardware movements into
California!
http://www.youtube.com/watch?v=M5-99vTdqZM
Strange
Troop Movement in Southern
California
http://www.youtube.com/watch?v=MYOoks9Tpqo&feature=related
11-21-09 Massive military hardware
movements into California
http://www.youtube.com/watch?v=b7oI_qBuwok&feature=related
The
Dollar Bubble starring Peter
Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim
Rogers, and others.
Prepare now for
the US dollar collapse.
http://www.youtube.com/watch?v=eZA0qNsf4m0
Give third parties a
chance. Contribute to a 3rd party candidate. If
you want change...THEN HELP GIVE CHANGE A CHANCE.
Why do you keep supporting a party that got you in
this mess in the first place?