Another day another dollar

I have had a great day up here. The mall here has had about a fifth of its stores close up shop since Christmas. Most folks reactions are a shrug, and then dismissal. It is interesting to me.

Anyways on to the News.


New York is in trouble

As you guys know California is broke too. Many other states are broke as well. During the last depression, States weren't going broke. This is a toxic mixture. California and New York are supposed to be the richest states on the block. Most people are only beginning to realize the scope of this. In fact 44 of our United States are looking at budget shortfalls.

State Budget Troubles Worsen


I really can't see how this is going to be resolved. We may see states start printing their own currency again. Which would be interesting to say the least. Or the Fed can "bail them out" which, seems far more likely in the mean time. The presses are running day and night.

Obama is looking to cut taxes, which doesn't really make sence. I won't argue though.

Obama Eyes $300 Billion Tax Cut

Oh, and we can look forward to a kinder gentler IRS.
IRS agents soften heart for delinquent taxpayers

Its truly Heart warming, isn't it? Many of you all ready know that income tax is not constitutional. As ruled by The Supreme Court. We can only hope, that in the coming days the IRS will implode. Now that thought warms my heart. Can you feel it too?

Another leading Brit's warning.

Willem Buiter warns of massive dollar collapse

Peter Schiff's Latest:



Gerald Celente's harrowing tale about demanding cash from his bank. Moral of the story, if you close your bank account and ask for your money in cash, bring a wittiness:



Eric over at Market Skeptics brings us word that China is going to be testing the yuan on the global stage. Do you think they might be cutting ties with our precious dollar?

Yuan-settlement test to start

That is it for today. Oh, one more thing. Some german billionaire killed himself, it is sad. Money has never and will never be that important. Many people go their entire life being deceived there in. The moral of this story, smile more, you are all richer than that billionaire. Smiles are a blessing from our good Lord, so that we may share our joy without words. Remember the power of your thoughts, they give life to the future.

If everyone is thinking alike, someone isn't thinking.~ Patton

Prov.
12:20
Deceit is in the heart of them that imagine evil, but to the counselors of peace there is joy

Love~

Joshua F.