RE: Global Contagion of Bank Failures Coming…
This is not going to end well:
https://www.armstrongeconomics.com/world-news/pension-crisis/calpers-on-the-brink-of-insolvency/
The one above is the main one to read as it goes direct to the point that
CalPERS and the State of California are insolvent and Trump’s new tax
system denies the ability to DEDUCT state income taxes from federal tax
return. Effectively accelerating California’s economic collapse. Gov.
Brown will have to massively raise all forms of taxes to try to prevent
CalPERS bankruptcy which will mean the economy of CA will collapse mainly due to an accelerating exodus as explained in the following two blogs:
https://www.armstrongeconomics.com/qa/california-dreaming-the-great-migration-from-california/
https://www.armstrongeconomics.com/world-news/taxes/california-in-peril/
And Europe is also committing economic suicide in a similar but even more draconian way than California. The new EU “General Data Protection Regulation” (GDPR) is establishing a new gestapo and will simply drive all hitech companies out of Europe. But worse is that the law can apparently also be used arbitrarily against individuals to take revenge of them for saying or doing anything that the government or an individual bureaucrat doesn’t like. This is really off the charts creepy along the lines of totalitarian 1984 or the Venetian Mouth of Truth (see also).
As Armstrong predicted also, the North Pole is moving towards Europe as we descend rapidly into a new Mini-Ice Age Maunder Minimum, with concomitant rise in pandemics in humans and pandemics in the genetically depleted GMO food supply.
Solar Minimum The Fastest Decline in almost 10,000 Years
Canada is also enjoining the “ideological suicide” by Covering Up Global Warming Nuts Destroying the Water Supply.
South Africa is determined to repeat Zimbabwe’s fall from bread basket to Mad Max, by Expropriating White Farmer’s Property ostensibly to deflect mass discontent with the drought.
as a cave man, I approve.
Hydroponics with sun lamps or fruit walls are potential alternatives.
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