Banksters Won't Take Arnie's Girly Man Promissories
What now?
Big Banks Don't Want California's IOUs
"A group of the biggest U.S. banks said they would stop accepting California's IOUs on Friday, adding pressure on the state to close its $26.3 billion annual budget gap.
The development is the latest twist in California's struggle to deal with the effects of the recession. After state leaders failed to agree on budget solutions last week, California began issuing IOUs -- or "individual registered warrants" -- to hundreds of thousands of creditors. State Controller John Chiang said that without IOUs, California would run out of cash by July's end."
Big Banks Don't Want California's IOUs
"A group of the biggest U.S. banks said they would stop accepting California's IOUs on Friday, adding pressure on the state to close its $26.3 billion annual budget gap.
The development is the latest twist in California's struggle to deal with the effects of the recession. After state leaders failed to agree on budget solutions last week, California began issuing IOUs -- or "individual registered warrants" -- to hundreds of thousands of creditors. State Controller John Chiang said that without IOUs, California would run out of cash by July's end."
posted by nolocontendere at 10:47 PM
3 Comments:
They could start by legalizing hemp, it could create jobs and income. I heard that Oregon just did it. Why not California?
I agree with Nick Z-altho we are so fucked now I don't know how much of anything we could do would really help. Ed Encho I believe it was at Station Charon blog said that he remembered his grandfather or some elder saying they would eventually tax the air we breathe -I also remember older relatives saying things to that effect and with the latest Goldman Sachs swindle it sure looks like us carbon units are headed that way! what a country -best as always to all of you!
Hemp can save the world if we haven't passed the point of no return yet.
My guess is that it's too late to continue any large structured society bigger than county size. And I sure see growing hemp as one of the pivotal survival tactics in the future, much as it was 200 years ago.
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