"There will be a run on the "dollar" it will collapse". "There is no way out of this." "There will be lineups for food." "China could take over the US". The solution "MASSIVE RECESSION" ( Depression). "massive inflation coming". "Oil will return, MUCH MUCH MUCH higher" "shouldn't be bailing out anyone"
OTHER Serious NEWS:
State of New Jersey Is Insolvent
The state of New Jersey is insolvent. Bankrupt might be a better word. New Jersey is $60 billion in the hole on pension funding and the Governor is planning on skipping payments in a "pension payment holiday" until 2012 so as to not increase property taxes. To top it off, the ongoing plan assumptions are 8.25%. Sorry NJ, that simply is not going to happen.
The Star Ledger is reporting New Jersey pension funds lost $23B so far this year. 57.8 BILLION LEFT down from 118 BILLION!
Let's just create some more money out of air!!!!!
ReplyDeletepoof... done..saved
ReplyDeleteFirst state to default on its obligations to the banking Gnomes gets to destroy the greenback dollar!
ReplyDeleteIn 1975, West Germany threatened a dollar dump unless President Ford bailed out New York City. So guess what Ford did. HAHAHA
I know several folks that are leaving the country. They are moving assets and getting out of the US.
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