[Carry_Okie]

See post 58.

I think that's where we're going.

[Carry_Okie]

Actually, I think this is an element of a brilliant strategy, one designed to keep Democrats in power forever.

1. Find a prosperous state with lots of real estate to develop.
2. Regulate producers so that they can't make money on their land.
3. Force them into selling it.
4. Chase wealthy liberals out of where they live with high taxes.
5. Overtake said rural state and change the laws to liberalism.
6. The resulting influx of losers overwhelms said state. State buys debt from banksters it cannot pay.
7. Come in with high taxes after bankruptcy to pay said creditors.
8. Repeat ad nauseum.

California, New Mexico, Colorado, and now Arizona, ALL have been taken over with this strategy. The result is to take over conservative states with low populations to own the Senate. Then treaties bring the final shackles to global governance.

[calcowgirl]

I've said for years now that Schwarzenegger's fiscal policies [massive spending and borrowing, senior debt positions, etc.] appear designed to push us into some form of bankruptcy, probably turning over the state to a set of Bondholders who get to "restructure" the finances [and divvy up the assets like they did in Orange County]. I assume many of those bonds carry terms placing them in a senior position for liquidation, subordinating everything else. What is the basis of the "federal receiver" theory?