06-25-2021, 06:31 PM
Zero Hedge is ALWAYS a good read. First half of the link is an interesting article about the rise of Turkey as a major world player.
SECOND half, is what more likely to affect us sooner...
New Alliances Forming In The US...Civil War Is On The Table
Sticking with new alliances forming… over in the US:
SECOND half, is what more likely to affect us sooner...
New Alliances Forming In The US...Civil War Is On The Table
Sticking with new alliances forming… over in the US:
Quote:“It’s undeniable that the border crisis is out of control,” – Christina Pushaw, press secretary to DeSantis
“Helping our fellow Americans in their moment of need is always the right thing to do. The governors of other states have sent resources to Florida in the past to help respond to natural disasters. With the federal government unable or unwilling to enforce our laws and secure our border, Florida is ready to step up to the plate and do our part.”
“Florida is stepping up to the plate. Texas and Arizona, you’ve got a storm, and we’re coming to help you.” – Brevard County Sheriff Wayne Ivey
Here’s what happens next:I think we’re not far off the Federal government using their power to cut funding in these states. When that happens there are two options available (after much back and forth and politicking):
- The Biden admin scraps wall building and border enforcement (already taking place)
- Texas takes it upon themselves to step in and stop illegal immigratioin (already taking place)
- This causes Biden’s handlers to get angry, forcing them to wake him from a nap
- Now we have Florida helping Texas… oh, and Arizona as well. It is inevitable now that Biden will stumble out onto a podium somewhere with a blistering verbal attack “Krzwepilians bgterrr opswillvst” or something to that effect against the 3 musketeers, and then the Federal government will begin taking steps to reign in these recalcitrant upstarts. Wait for it!
With their funding cut, the states will say, “Hold on, this is a two way street,” and subsequently refuse to send tax receipts to DC. And BOOM! We are into a civil war. It may take some time to develop, and there may be a bunch of things that get fought over and ruled upon, but when you boil it down to the rawness of it all, there is an ever increasing risk or, dare I say, inevitability to it that individual states say, “The hell with you lot,” and seek to go their separate ways. In theory this can happen without too much stress, but in reality Marxists never back down, so it won’t be pretty.
- Back off in order to continue receiving funding.
- Tell the clowns to get knotted, which brings us to the inevitable next set of steps
Economics always always matter in this respect as does energy and it is Texas that has much of the energy. It is also deep red states that hold much of the agricultural land. Hmmm...
Anyway, to put some colour to it, here are the granular nitty gritty numbers:
States With the Most Debt
New York has the highest debt of any state, with total debt of over $203.77 billion. New York’s total assets are around $106.61 billion, giving the state a debt ratio of 273.8%. The main culprit for New York’s towering debt is, in a word, morons. That and overspending on Medicaid, destroying business by locking them up and then taxing the isht out of them.
2. New Jersey
New Jersey has the second-highest amount of debt in the country. The state’s total liabilities total $222.27 billion, surpassing its assets by $198.67 billion. New Jersey’s debt ratio is 441.7%. The largest source of debt is the state’s unfunded pension and benefits system for public employees. Because it never works and is economically destructive, New Jersey legislators are looking toward tax increases to “solve” this problem.
3. Illinois
Illinois has the third-highest debt in the U.S., with total liabilities equaling $248.67. With total assets of $53.05 billion, Illinois has $187.7 billion in unfunded liability. This creates a debt ratio of 468.7%, the largest in the U.S. To pay that off, every person in Illinois’s 12.7 million population would need to pay $14,780. Hahahaha! Like New Jersey, the biggest problem in Illinois contributing to the debt is billions of dollars for retired government workers’ pensions and health insurance benefits and a bunch of economically ignorant socialists.
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[*]Massachusetts
[/list]Massachusetts has the fourth-highest debt in the United States. Massachusetts’s total liabilities are $104.53 billion, and its total assets are $34.214 billion, creating a debt of $68.43 billion. Long-term liabilities are at 305.5% of total assets. Massachusetts’s largest sources of debt are infrastructure and pensions. Again, managed by Marxists. They, like all preceding them in this list as well as the land of white teeth below, have passed the point of no return.
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[*]California
[/list]California has the fifth-highest debt of any state, with total liabilities coming out to $362.87 billion. Total assets come out to $301.1 billion, creating a $55.96 billion net debt and giving California a debt ratio of 120.5%. California’s debt and liabilities can be broken down into three categories: retirement liabilities, budgetary borrowing, and bond debt. However, combining California’s federal, state, and local debt brings California’s debt total to over $1 trillion. According to this report, the debt would cost each resident of California $33,000 or each taxpayer $74,000. Oh, and they’re teaching critical race theory, locking everyone in their homes, and forcing what may well turn out to be a killer gene therapy on everybody. S.C.R.E.W.E.D!
States With the Least Debt
Texas has the lowest debt of any state in the U.S. Alaska’s total liabilities add up to $222.64 billion, and its total assets add up to $356.01 billion, giving Texas the highest net position in the country of $115.08 billion. Texas’s debt ratio is 62.5%.
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[*]Florida
[/list]Florida’s debt is the second-lowest in the country. With total liabilities coming out to $66.78 billion and total assets coming out to $163.24 billion, Florida’s net position is $97.6 billion. This means that Florida’s debt ratio is 40.9%.
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[*]Alaska
[/list]Alaska has the third-lowest debt and the third-highest net position of $76.74 billion. Alaska’s total liabilities add up to $12.65 billion, and its total assets add up to $89.17 billion. Although Alaska does not have a state income tax, its revenue is well-supplied by taxes on oil and gas production. Don’t expect Alaska to willingly go woke. When this all explodes and sides are chosen, I anticipate Alaska to lean away from the Marxists.
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[*]North Carolina
[/list]North Carolina’s net position is $54.41 billion, making it the fourth-highest net position in the U.S. North Carolina’s assets are $78.67 billion higher. Its total liabilities are $23.62 billion, giving a debt ratio of 30%.
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[*]Tennessee
[/list]Tennessee has the fifth-lowest debt in the U.S., having $8.04 billion in total liabilities and $46.54 billion in total assets, resulting in a net position of $39.3 billion and a debt ratio of 17.3%. Tennessee is one of the most tax-friendly states in the US and will have no state income tax by 2021. While remaining low-debt and low-tax, Tennessee has managed to triple its Rainy Day Fund and provide tax cuts to its residents, including a 30% decrease in-state sales tax on groceries.
So there you have it for all our American friends. If you’re going to make moving plans, now may be a good time to consider all of the above. I can’t think of a time in our collective history when such a decision would have been as asymmetric to one’s future as it is today.