Oakland will be the first to go apesh*t, then the rest of the areas with large concentrations of people in need of “services”. I don't look at this in delight. I lived there for years, and had a lovely home and enjoyed Los Angeles. I'm saddened at the decline and hardly recognize it anymore when I fly in. Very 3rd world-y around LA.
I see Greece defaulting, the rest of those iffy countries doing the same...Europe in a real mess in the span of 3-4 days. Then our stock market will start sliding down. I then see “something” happening to make the OWS crowd be overtaken by some real bad actors and let the fun begin.
If CA wants a bailout....and they will....I don't see how the commie in the WH can or CAN'T do it. This will cause more “you evil republicans want our Black President to fail” in even more hysterical ways and the riots will move on to Chicago, Philly, Atlanta, etc. Chicago is already gearing up their finest with the flash mobs. I'm sure some fab community organizers will reach out to this “disadvantaged group” who are losing “services” and let the hi-jinks begin. Who knows what will really happen this fall...but the financial system in the world is a house of cards. Things are going to change, big time. Make sure you can take care of your family.
I think you are right on it. They’ve been hiding the really bad domestic economic news under the cover of Europe’s problems. I don’t believe any of the profit reports, especially those of the financial institutions. I think many of the large businesses are cooking the books for the benefit of the directors and management. But Europe’s problems will probably be the trigger for the chaos that demands a new “leader” to take charge.
Thanks, and you couldn’t be more right about the world financial system. As for what follows, God help us...