Hasta la vista Governator: Four Wall St Banks Reject California IOUs

Well Jeez, people. I know this news is ho-hum with all the other shit that's goin down, down, down.

But four Wall St banks thumbing their noses at A rated Arnold who represents the world's eight largest economy?

And it would actually be 5th if the uh, off-balance sheet underground income were factored in.

I'm not as surprised at the banks rejecting them as I was that they were even issued in the first place. I can't believe it is actually happening. So far it's only been vendors, right? No one on welfare?

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ARNOLDS POLITICAL CAREER IS....


TERMINATED

It is a nightmare that none of us could have imagined. I am afraid that the rest of the country will follow California if we don't get rid of the NWO politicians.

Where the hell do the banks get off refusing them after they had to be bailed out?

Whats killing calif. is the pensions they have to hand out. Just lessen what the pensioners get by half and calif. would have more money than they'd know what to do with.

time for california to secede and cast off the fed. bet it would take about 5 years before it was the richest state in the nation. it would be like germany was in the late 30's after they cast out their central bank and started their own currency, which caused the jewish banking cartel to decide to destroy their economy.

Too bad my very first pin had to be a posting of such horrendously bad news.....oh well......that's what GLP is all about.....right?


So bring on the

"Cash America" will be busy.

The goofy thing is. CAlif. still makes more money than most countrys. The problem is the pensions that are owed. And that arnold let enron off the hook.

The collapse of the states into ten regions has been planned for some time. Don't be surprised to see the merger of states and the creation of regional capitals soon.

And so it begins...

BINGO.

I don't even think it woulds take 5 yrs...

Indeed, it begins so!

It is all about control. Which banks will not take the toxic debt? Which ones will be forced to take them? Which banks will take them because they are desperate for business?

Don't forget this: [link to market-ticker.org]
The contracts were written to be paid in dollars. California has not paid.

All that fine print on all bank legal forms (basic contract law)? Well it says if you sign one of these California IOUs and cash it then California can't pay. You are responsible for that money.

I am curious if anyone has a run-down of what happens next. Do government run programs and projects shut down? Lots of people will continue to work and keep a certain amount of money flowing - but will road projects stop and roads begin to deteriorate? Do city street lights stop going on at night? Do state run facilities shut down? Does maintenance of things like the Golden Gate Bridge stop (or is that a federal issue)? Are state parks shut down? What is the reality of this situation? Or perhaps no one really knows for sure. Will the federal government try to step in? Is this where martial law could begin? I may not be reading enough posts - perhaps all of this has been described already.

I love how everybody blames Arnold and not the legislature.

So what? It drops to the 10th or 12th?

The Nazi-Austrian Governator (Ah-nold) has fulfilled his "contrack", to the letter.

Well done, Ah-nold!

Wow

Shhhhhh...
They're asleep

Read the pattern. Liberalism kills you stupid ignorant fucks that continue to believe that a few people can pay for the bills of thousands.

California is a donor state. We give the government way more than we get back, our budget would be balanced easily.

Plus we would be able to enforce Prop 187 and eliminate benefits for illegals.

I swear; if it weren't for a few good men and women I would wish that CA would disappear into the Pacific. I have very little sympathy for those who chose to live and condone perversive lifestyles. You called the wind; now reap the storm.....

Its diffenitly getting closer,



Imminent Erosion of USDollarSeawall

[link to www.stockhouse.com]


The Privately Owned Federal Reserve Bank Runs the United States

[link to www.marketoracle.co.uk]


U.S. Mint gold, silver coin sales 'temporarily suspended'

[link to www.mineweb.net]


CIT Bonds Fall on Concern It Won’t Meet Debt Payments

[link to www.bloomberg.com]


My mind is drawn to the matrix, remember the power structure of the resistance? Symbolic programing.

Reprogram.

Vista all good

Maybe Pennsylvania will accept them....

Enron, et al... the PUBLIC UTILITIES COMMISION, et al... these entities peeled away the 'riches' held in California State coffers... it was a train wreck right from the beginning...

my opinion.

Hey, Ahim-sa... CONGRATULATIONS!

There's mayhem and perversion in every state in the union of states called the United States of America.

There's mayhem and perversion in nearly every gathering of human beings all over the world, sad to say.

CA simply has the nicest weather. Well, maybe not the 'nicest'... because 'nice' depends on what each person likes. But CA has TEMPERATE weather most of the time.

(weather in CA in July)

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Last Edited by *Jude* on 07/18/2009 01:36 AM

CA is home to every diverse group you can think of except patriots. You have to wade through a field of fags before reaching someone who actually gives a shit about our country, the bill of rights or the Constitution.

I have zero faith in CA. Their diversity, political correctivness and decadance has become the downfall of a once rich and beautiful territory. Fuck em!