California at Risk of Running Out of Money

California at Risk of Running Out of Money

The state of California needs to come up with over $3 billion dollars by March to avoid financial troubles this year.

The State Controller John Chiang said today, that if California does not issue IOU’s again as it did back in 2009 there could serious troubles for the state.

He also told news sources that “This is not an ideal situation but the best way to manage the challenge without relying on IOU’s or delaying tax refunds”

There are meetings late this week to negotiate the situation and to work out some sort of resolution before it is too late.

At the moment they are spending more than there budget allows them and that could have drastic consequences both short term and longer term.

We have to remember that California is the biggest state in America and if this see massive trouble it will spread quickly to other states.

The economic collapse we have been talking about goes much deeper than just California itself. But we this is still the calm before the storm. Time to buckle up.

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Posted on February 2nd, 2012 by admin  |  No Comments »

Police use tear gas on Occupy Oakland protesters

Police use tear gas on Occupy Oakland protesters

Police use tear gas on Occupy Oakland protesters

Police use tear gas on Occupy Oakland protesters

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Police use tear gas on Occupy Oakland protesters today as protesters went to [...] Continue Reading…

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Posted on January 30th, 2012 by admin  |  No Comments »

Something From The Heart Today!

Something From The Heart

Well 2012 is off to a cracking start.

I must say in all the years I have been working this business, 2012 is probably going to be the most important. Many important [...] Continue Reading…

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Posted on January 26th, 2012 by admin  |  No Comments »

Expensive Items You Will Pay Less for in 2012

Expensive Items You Will Pay Less for in 2012

Expensive Items You Will Pay Less for in 2012

Expensive Items You Will Pay Less for in 2012

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With the economy in such a mess right now, [...] Continue Reading…

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Posted on January 25th, 2012 by admin  |  No Comments »

What will happen if Greece Defaults?

What will happen if Greece Defaults

What will happen if Greece Defaults?

We all know that Greece can’t pay it’s debts and, as such, sooner or later it’s going to have to default.

When it does, [...] Continue Reading…

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Posted on January 22nd, 2012 by admin  |  No Comments »

Economic Collapse – Do Not Give Up

Economic Collapse - Do Not Give Up

This is our lastest radio show, where we talk about what is happening right now.

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[...] Continue Reading…

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Posted on January 18th, 2012 by admin  |  No Comments »

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