This will be a lesson in what to look for regarding California and the U.S.
They can only hide the situation for as long as it is within their power to hide it. Kinda like Venezuela did. But it won’t unravel here as it did there. Way different culture.
Reality is reality.
It will unravel here just in a very different way.
Because we are armed.
“This will be a lesson in what to look for regarding California and the U.S.”
CA will be the very last to fail.
While there are no words left to describe the fiscal largess and radical irresponsibility in CA, they are still wallowing in money.
Incredible sums of money that could be taxed, at will, by the uniparty legislature.
Truly fabulous wealth.
This will be a lesson in what to look for regarding California and the U.S.
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The federal debt of $20 trillion will never be paid. And that doesn’t even include the U.S, unfunded liabilities — a whopping $107 trillion more.
And just imagine what will happen to pension funds in the event of a significant stock market decline. I don’t know when it will all unravel, but it will.