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RE: California continues to saw off the limb they are sitting on, by attacking their own citizens; to support invaders!
They share the same problem, their evenomy is supported by inflated real estate prices. Mortgage bundles support business loans, when one fails, the other dries up!
It has been an easy high income investment, so a lot of businesses have dumped a lot of their cash there. When it drops by 75%, which is about the inflated rate there; it will break a significant portion of the tech industries.
This is exactly what happened in Tokyo, including the mortgages used as a guarantee.
:'(
sir smithlabs! once again you couldn't be more wrong wrong wrong, for the 1,575th time this year, you're breaking records but not the good kind! lol...
Well, CA will still be able to stay afloat longer than anyone thinks, I know you wish they would break off and wash away into the ocean but I think we'll be surprised.
They can't even afford to repair the dam they have at the failure point, because of stupid spending. Their power grid is on the brink, because they regulated the power companies so much, they could not afford the do repair or expansions. Look at Detroit, California is almost there. Give control to liberals, long term, and they spend until there is nothing left to build upon.
If you will move to Detroit, they will give you a house, free. Business is the core, but real estate is one of the biggest business supports!
I would love to be wrong, but Historically, liberal spending is fatal.
:'(yeah yeah yeah, we all know all this ...just look at Detroit. But CA is a different animal with so much wealth moving into the state. that gives them the ability to last longer than anyone expects. just watch. we'll be saying it's on the verge of collapse 5 years from now.
Well, the wealthiest city in the USA, Was Detroit....
Same same chicken.
:)>same chicken? dang Okies talk some strange stuff. Oh, I was reading on your post from a few days ago where that baha guy was harrassing you for hours. wow! That had to take a great deal of your time! Talk about long comments. he loses me, I can't understand him.
People like that want to bitch, but they will never DO anything to change anything!
He is actually right that the only Constitutional system of Law is the elected Sheriff, and a common law court.Unlike his fool, I have talked with the local Sheriff, and asked him o consider setting this up here. He is considering it.
But his guy has NO people skills, so even though I agree with part of his rant, he does more harm than good for his cause.
Sadly, I had to begin flagging him, because he would not leave What is it this week with people that won't leave when asked? I have had to flag twice this week, for the first time in twenty months!
:)>I don't know but it sure is entertaining! lol. I know about the Sheriff's power but I thought it was already established, what has to be done to make it take affect?
Well the Sheriff must simply claim the power that he has the authority to use. Most times, they kowtow to the feds, whenever they arrive.
Common law courts also need to claim the power they were allowed in the Constitution, and begin to do their jobs!
>:(