Weekend Funnies - 18 July

I'm still in DC - finished with business, but my girls are arriving tonight for some weekend sightseeing - I'm really excited about it. Anyway, in the meantime I was able to find a better hotel internet connection, so thought I'd post these up. Hope you enjoy.

Open Forum

Please post up interesting links, hold a discussion, etc here.

Max Keiser: telling it like it is

What a breath of fresh air! Max isn't afraid to say what he knows to be true - that G.S. is corrupt, manipulates the financial system and owns the American Government

Gerald Celente - Disintegration of empire America

By 2012:

- Tent cities
- Ghost Malls
- Boss nappings
- Roving Gangs

Weekend Funnies - July 11

Enjoy!

Hyperinflation Nation

I watched this last night - an excellent, highly recommended 3 part series on our country's likely future - better prepare now before the dollar becomes worthless:

Part 1



Part 2



Part 3

Major Banks to Reject California IOU's

The State of California, virtually out of cash, started issuing IOUs, formally known as registered warrants, last Thursday after lawmakers failed to agree on a package of spending cuts to close a budget deficit that has now grown to $26.3 billion.

Since last Thursday, the state has issued nearly $230 million worth of these IOUs and there is still no budget agreement in sight.

Note: California plans to pay an interest rate of 3.75 percent on these IOUs when they mature in October.

On Monday morning (this week), a budget meeting between Gov. Arnold Schwarzenegger and legislative leaders failed to produce results - thus leading Fitch Ratings to drop California's bond rating to BBB, down from A minus the same day.

Now the problem is: Major banks (including Bank of America, Citigroup, Wells Fargo, J.P. Morgan Chase, and others) are becoming scared and plan to no longer accept these IOUs after Thursday this week (window of acceptance to close on Friday).

Bloomberg report on Bank refusal of California IOUs




Fox Business report on the same



If you want to become more informed on this IOU issue, Martin Weiss has a recent article warning of a looming, major California Bond default (Link)

This may get ugly folks

Randy