From: [email protected] [mailto:[email protected]] On Behalf Of Jack Bauer Sent: Friday, December 25, 2009 3:52 AM Subject: Small-business bankruptcies rise 81% in California
Small-business bankruptcies rise 81% in California With credit tight and consumers still pinching their pennies, many business owners find they can't go on. LINK <http://www.latimes.com/business/la-fi-smallbiz-bankruptcy22-2009dec22,0,3305684.story?track=rss> HERE http://www.latimes.com/business/la-fi-smallbiz-bankruptcy22-2009dec22,0,3305684.story?track=rss <http://thecomingdepression.blogspot.com/2009/12/mother-of-all-financial-defaults-coming.html> Mother Of All Financial Crises Coming: California (snippet) We’re left with the question: what happens when California defaults? The worst case would be the mother of all financial crises. According to the California State Treasurer’s office, California has over $68 billion in public debt, but the Sacramento Bee’s Dan Walters has tried to count total California public debt, including that of local municipalities, and his total reaches $500 billion. Whatever the amount, the impact of default could be larger than the debt amount would imply. Other states – New York, Illinois, New Jersey, for example – are in almost as bad shape as California, and they could follow California’s example. The realization that a state could default would shock markets every bit as much as when Lehman Brothers failed. Given the precarious state of our economy and the financial sector, another fiscal crisis would be disastrous, with impacts far beyond California’s borders. What would a California default look like? In a sense, we’ve already seen California default, when that state issued vouchers. If any company tried that, they would be in bankruptcy court in days. Issuing vouchers didn’t trigger a California crisis because banks were willing to honor the vouchers. If banks refuse to honor the vouchers next time, employees and vendors won’t be paid, and state operations will come to a halt. This could happen if our legislature locks up and is unable to act on the current $21 billion problem. <http://www.newgeography.com/content/001274-what-happens-when-california-defaults> LINK HERE PLEASE join me!!!! You DO Have the Right to Flip Off a Cop!!! Remember this statement: When injustice becomes law, rebellion Becomes duty! Support my show, and Beat The Court by going to: <http://www.beatthecourt.com/> http://www.BeatTheCourt.Com and check out their special offer. Hurry, though, The govmnt is shutting down sites like this every day!!! "When the government fears the people, you have liberty. When the people fear the government you have Tyranny." ~Thomas Jefferson, Do yourself and your family a favor... Don't Fall into the Sheeple Pit... Image removed by sender. TURN OFF YOUR TELEVISION! Ignore the TV Media Investigate 911 Disclaimer: I'm not a Lawyer, this is not legal advice. Nor am I a Brain Surgeon, Pastry Chef or Indian Chief. This communication is private and privileged intended only to those individuals marked "To", "CC" or "BCC". To the snoopy government agencies, or anyone else this mail isn't being specifically directed to; with all due Respect; cordially invited and instructed to take a hike :) Sincerely, Mike Golden aka RadioRebel *** exposing the hidden truth for further educational research only *** CAVEAT LECTOR *** In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. NOTE: Some links may require cut and paste into your Internet Browser. Please check for daily real news posts and support the truth! (sorry but don't have time to email all posts) at <http://tinyurl.com/33c9yr> http://tinyurl.com/33c9yr or <http://groups.google.com/group/total_truth_sciences/topics?gvc=2> http://groups.google.com/group/total_truth_sciences/topics?gvc=2 ; You can also subscribe to the multiple daily emails by sending an email to <mailto:[email protected]> [email protected] ; free book download: <http://www.lulu.com/content/165077> http://www.lulu.com/content/165077 *** Revealing the hidden Truth For Educational & Further Research Purposes only. *** NOTICE: Due to Presidential Executive Orders, the National Security Agency (NSA) may have read emails without warning, warrant, or notice. They may do this without any judicial or legislative oversight. You have no recourse, nor protection.......... IF anyone other than the addressee of this e-mail is reading it, you are in violation of the 1st & 4th Amendments to the Constitution of the United States. Patriot Act 5 & H.R. 1955 Disclaimer Notice: This post & all my past & future posts represent parody & satire & are all intended for entertainment and amusement only. To be removed from the weekly list, please reply with the subject line "REMOVE" -- You received this message because you are subscribed to the Google Groups "total_truth_sciences" group. To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/total_truth_sciences
<<smile_75123.gif>>
<<image001.jpg>>
