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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (211619)	7/21/2009 6:52:49 PM
From: The Reaper	Read Replies (3) \| Respond to of 306849

California may have found a way to keep on deficit spending forever. From Naked Capitalism... nakedcapitalism.com Pretty fascinating stuff. It may be the wave of the future and if you think hard about it, it may be with the blessing of the Fed. It would alleviate some pressure on them to keep printing dollars. Every state, since they are a taxing authority could in effect print their own currency, something I mentioned before with regards to California.