Our national monetary system is on the brink of a major, catastrophic collapse.
Sierra HancockIt's no secret that our national monetary system -- and our normal way of life in America -- is on the brink of a major, catastrophic collapse.
Contents Pages by Subject
Government Debt & Financing
Disintegration: Will The Financial Crisis Lead to An American Dark Age
• ZeroHedge.comOur nightmare scenario should be that something happens to us like happened to the Soviet Union... It suddenly just falls apart. And I think the trigger, the catalyst if you want to switch to chaos theory the butterfly in the tropical rainforest...
Dateline, Jan. 5, 2012: California Declares Bankruptcy
• LAtimes.comDateline Sacramento, Jan. 5, 2012: The state of California today filed for federal bankruptcy protection, citing a worsened economy that has blown out even the most pessimistic assumptions about its long-term financial picture.
Gary North: The Symbolic Debt Ceiling
• LewRockwell.comDemocratic politics relies on deception. Without deception of the voters on a comprehensive scale, there could be no politics above the local level, where people know the deceivers personally and are therefore less easy to fool.
$150.4 Billion: Biggest November Budget Deficit On Record
• ZeroHedge.comIn other words, we are now at a point that every dollar in receipt is matched by 1.3 dollars in incremental debt.
One in four worldwide pays bribes: study
• RawStory.comOne person in four worldwide paid a bribe during the past year, according to a study released Thursday to mark International Anti-Corruption Day.
Jerry Brown Says California Budget Deficit May Hit $28 Billion
• GlobalEconomicAnalysis.blogspot.comWasn't it just a few short months ago California balanced its budget, plugging a $19 billion hole? Indeed it was. Nonetheless, Jerry Brown now warns of a $28 billion hole for the next fiscal year and the state controller warns of more IOUs.
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