Awake in 3D " California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense"
Awake in 3D: May 7th, 2023
There are US States that will lead us to a GCR
the good way (see Texas gold-backed currency article ), and
there are States that will lead us to a GCR the hard way - like the State of
California.
California Defaults On $18.6 Billion In Debt, Saddling Employers With The
Expense
The more CA lawmakers push their gross financial negligence (sheer fiscal stupidity) on businesses and taxpayers, the more business closings there are, leading to collapsing tax revenues.
This, in turn, increases unemployment, raises the everyday costs of everything, and pushes further stress onto banks (loan defaults), and the State Government’s daily expenses (unemployment insurance, healthcare and general welfare like food assistance).
All
of this then spreads in a financial contagion to other states, and eventually
onto the US Federal Government.
This than increases inflation and a worsening national recession, which feeds
into an increasing likelihood of total financial collapse.
Wash, rinse, repeat. A Financial collapse vortex.
Then a GCR.