one third is not nice

ONE THIRD IS NOT NICE


When it comes to affordable bolt action war surplus battle rifles, a third is nice ( last weeks article on the Russian gun ). When it comes to states that are in seriously big time trouble, one third is not nice. As in, over a third of the US population lives in the American equivalent of Greece. The original article is at

http://seekingalpha.com/article/187051-think-the-pigs-are-in-trouble-these-7-u-s-states-could-be-heading-for-something-worse?source=article_sb_popular

*

I know, I know, Friday I did an article summarizing the Druid Dude report. Saturday was a guest article and then today I go and summarize yet another article. Don’t worry, this won’t happen very often. I don’t like simply rehashing others writing, but rather taking two peoples writing and combine it and sell it as my own. But you know that when something sticks in my mind I can’t shake it. I find it amazing that a third of our population lives in an area so economically devastated. Worse than Greece-hell. It’s worse than the last Great Depression we had. Greece has survived centuries and millennium of financial ( and actual ) buggery. The US is just now started to feel that pain. The Greeks just throw back another glass of wine and sit in the sun and wait for the next batch of grapes to grow. Most of the states in trouble here are in very cold climates and if Vinnie doesn’t smuggle in some hooch and people can’t afford to buy moonshine from the state regulated and taxed liquor store then no one gets to drink their troubles and livers away. Being economically depressed and idling your time away is much easier in a Mediterranean climate since there is no heating oil to buy.

*

California and Florida and in a stretch perhaps North Carolina can get by without a lot of energy. Well, they don’t need heat. But California needs to pump water, Florida needs an infrastructure to combat tropical diseases and Carolina does what? I think they raise a lot of our pork there. I’m not positive, but I’m sure an energy decline there will bite someone in the butt. But it can certainly be agreed that they haven’t had thousands of years invested in a decentralized, non petroleum depended farming economy. America has the curse of total oil dependence. It made us the world’s foremost economy back in the day but now it just spells our doom during Peak Oil. The above article put a lot of stock in the seven states being huge net importers of energy. Thank God, an economist that factors in energy as a root of activity rather than just another commodity play. They are a rare breed. The other states in a world of hurt are Illinois, Ohio, Michigan and New Jersey. They all have over crowding ( over eight million each ). They all are over a billion in debt to the feds just for their under funded unemployment insurance funds. Unemployment in each of those states is over 15%. And as mentioned, each imports a lot of energy.

*

A third of our populations lives in crowded conditions. Too crowded to be self sufficient in food locally without energy imports. A third are hopelessly in debt to the feds. You might think the feds would just print more money and forgive the debt, but that is ludicrous. The feds are owned by the Fed and they will not be denied billions or trillions in profits. One way or another the unemployed masses will support our central bank until the bitter end. One third of the people living in the US live in areas with the official unemployment rate is above 15%. The official rate is a damn lie. It is much higher. Your unemployment checks run out and guess what-you are no longer officially unemployed. A third of our population lives in the equivalent of Detroit, not Greece. We should be so lucky to have Greece’s problems.

END

Buy Amazon crap at the above links to support your local Bison.  Or buy crap at http://www.bisonpress.com/