posted on Feb, 16 2009 @ 02:16 PM
I made a post about this in another thread...I heard about it on Fox News of all places...Which by the way, I have a strategy for. But I will get to
that in a minute.
Like California, this is going to push the state of Kansas into default. This is the first step of insolvency. More and more states will follow and
President Barack Obama will then introduce a bill to congress(Or congress will introduce it's own bill) that will appropriate3 trillion dollars to
the states to cover their expenses...Since this won't stop here and this new bailout bill won't do anything about this problem. The Bonds will
collapse. Not just Treasuries, but munis and other localized bond markets. Then we'll be left holding alot of green toilet paper.
This is only the beginning. States will be doing this left and right throughout the rest of the year until the Federal Government economically nukes
the entire country.
On the Fox and other news network strategy:
If you have democrats in office, watch more fox news than MSNBC
If you have Republicans in office Watch more MSNBC than Fox News.
This will help you balance out the BS, because they LOVE airing out each others' dirty laundry. And they essentially do the job for you.
[edit on 16-2-2009 by projectvxn]