Feeds:
Posts
Comments

Archive for the ‘Debt Proof? I Think Not!’ Category

A song written in 2005 about what is going down in 2011!

Into the Silos

Making love
Under silos
Trapped above
What do I know?
Whispering sweetest secrets
For all the World to hear
It’s live on television
Intimacy revealed
(more…)

Advertisements

Read Full Post »

…and that you could counterfeit the money required to pay your interest payments with permission of the mafia gang lords that are lending you the money…UNTIL THEY DECIDE YOU CAN’T. And you don’t know when they will decide that. But when they do..Game Over.

Welcome to America.

Read Full Post »

Reposted from Zero Hedge

Courtesy of Economic Policy Journal we now know that the majority of American states are currently insolvent, and that the US Treasury has been conducting a shadow bailout of at least 32 US states. Over 60% of Americans receiving state unemployment benefits are getting these directly from the US government, as 32 states have now borrowed $37.8 billion from Uncle Sam to fund unemployment insurance. The states in most dire condition, are, not unexpectedly, the unholy trifecta of California ($6.9 billion borrowed), Michigan ($3.9 billion), and New York ($3.2 billion). With this form of shadow bailout occurring, one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money.The full list of America’s 32 insolvent states is below, sorted in order of bankruptedness.

California $6,900
Michigan 3,900
New York 3,200
Penn. 3,000
Ohio 2,300
Illinois 2,200
N.C. 2,100
Indiana 1,700
New Jersey 1,700
Florida 1,600
Wisconsin 1,400
Texas 1,000
S.C. 886
Kentucky 795
Missouri 722
Connecticut 498
Minnesota 477
Georgia 416
Nevada 397
Mass. 387
Virginia 346
Arkansas 330
Alabama 283
Colorado 253
R.I. 225
Idaho 202
Maryland 133
Kansas 88
Vermont 33
S.D. 24
Tennessee 21
Virgin Islands 13
Delaware 1

Read Full Post »