Common Sense is Your Ultimate Financial Currency. After a point, if you have your eye on the ball, if you’re watching markets and government from valid perspectives, you learn the truth. You don’t acquire the truth from traditional media sources such as the boob tube.
A few excellent sources of information are www.jsmineset.com, www.fedupusa.org, www.the-privateer.com (paid subscription service {PSS}), Richard Mayberry’s Early Warning Report (PSS) and www.lemetropolecafe.com (PSS). There are many others and if you email us we’ll send you the “2010 Gift to the Gold Community”.
We must admit to watching dozens of sites, writers, and blogs. But how many of you are aware of the headline listed above? This speaks volumes to the financial condition of the country.
It reminds be of the child’s fable of the ant and the grasshopper. Well, currently the ants are busy at work preparing for the future.How about you? What do you think the future in the US holds? If you have any money, adopt defensive positions. Now is the time to protect your assets although there are enormous investment potentials in gold and silver.
Remember, that this paper money is simply being printed into existence. There is nothing of real value behind it. Our dollar is an IOU (nothing). A country must produce something in order to create value. When it comes down to the fact that all you create is paper (as in paper dollars) you know you have a problem.
Extrapolate the facts and you realize that all of these Unemployment payments are because people are unemployed! They are producing nothing and many of them have not been working for years. More people are losing their jobs every day and there is no economic recovery so please, do not be fooled by the boob tube media. Wall Street “talks its book”. They want you to think that good times are on the way so you will purchase their lethal financial products.
Until Next Time,
United We Will Stand; Nothing Occurs in a Vaccum; By Design over time
D. Stewart Armstrong
From: EconomicPolicyJournal.com
32 States Have Borrowed from the Federal Government to Make Unemployment Payments; California Has Borrowed $7 Billion
EconomicPolicyJournal.com has learned that 32 states have run out of funds to make unemployment benefit payments and that the federal government has been supplying these states with funds so that they can make their payments to the unemployed. In some cases, states have borrowed billions (Isn’t it strange how we’ve all become inured to “billions”, soon it will be “trillions” as in yawn–no biggie! Ed).
As of May 20, the total balance outstanding by 32 states (and the Virgin Islands) is $37.8 billion.
The state of California has borrowed $6.9 billion. Michigan has borrowed $3.9 billion, Illinois $2.2 billion.
Below is the full list of the 32 states (and the Virgin Islands) that have borrowed from the federal government to make unemployment payments, and the amounts that remain borrowed as of May 20 . (Numbers in red are billions)
Alabama $ 283 million
Arkansas 330 million
California 6.9 billion
Colorado 253 million
Connecticut 498 million
Delaware 12 million
Florida 1.6 billion
Georgia 416 million
Idaho 202 million
Illinois 2.2 billion
Indiana 1.7 billion
Kansas 88 million
Kentucky 795 million
Maryland 133 million
Mass. 387 million
Michigan 3.9 billion
Minnesota 477 million
Missouri 722 million
Nevada 397 million
New Jersey 1.7 billion
New York 3.2 billion
N.C. 2.1 billion
Ohio 2.3 billion
Penn. 3.0 billion
R.I. 225 million
S.C. 886 million
S.D. 24 million
Tennessee 21 million
Texas 1.0 billion
Vermont 33 million
Virginia 346 million
Virgin Islands 13 million
Wisconsin 1.4 billion
Total $37.8 billion
Posted by D.Stewart Armstrong in Articles