first of all, California is de facto bankrupt too. so is Michigan, New Jersey, New York, etc.,etc.
Who told him California, Michigan, NJ, NY, etc are "de facto" bankrupt?
Was it California, Michigan, NJ, NY, etc? Does he have access to their books? Their composite tax receipts? None of those states are bankrupt by the way. Even if CA's Governator claims they are.
if they had one, they would obviously try to print their way out of their dilemma, a la what the Fed has been and is doing in the US
Myth. Fed hasn't printed. Okay, maybe $31 when Obama needed a haircut.
the whole thing gets blown out of proportion by the press and those with an agenda (said agenda can be gleaned from their filings showing what positions they have in the market).
Do California, Michigan, NJ, NY, etc also have an agenda?
it is fairly ridiculous to worry about Greece when what we should really worry about is the elephant in the room - the beginning collapse of the modern-day fiat money system.
Maybe in 1000 years, the fiat money system will collapse when aliens land from outer space and take everyone on a one-way trip to Uranus. Until then however, the global fiat system is here to stay and every single person on the planet will be under its control.
The "collapse trade" is so last year. Worrying is so last year. I see blue skies ahead. Bluer than the bluest eyes. Everyone else can worry and hunker down. I'm going surfing. After that I'll try to squeeze in a movie. Avatar sounds good. I see blue people. |
