May 7th, 2023 https://t.me/GCR_RealTimeNews/289GCR Real-Time News, [May 7, 2023 at 19:07]
There are US States that will lead us to a GCR the good way (see Texas gold-backed currency article above), and there are States that will lead us to a GCR the hard way – like the State of California.
California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense
The more CA lawmakers push their gross financial negligence (sheer fiscal stupidity) on businesses and taxpayers, the more business closings there are, leading to collapsing tax revenues.
This, in turn, increases unemployment, raises the everyday costs of everything, and pushes further stress onto banks (loan defaults), and the State Government’s daily expenses (unemployment insurance, healthcare and general welfare like food assistance).
All of this then spreads in a financial contagion to other states, and eventually onto the US Federal Government.
This than increases inflation and a worsening national recession, which feeds into an increasing likelihood of total financial collapse.
Wash, rinse, repeat. A Financial collapse vortex.
Then a GCR.
@GCR_RealTimeNews
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https://www.zerohedge.com/political/california-defaults-186-billion-debt-saddling-employers-expense
Many Blessings,
Ai3D
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