The Alta Californian

Some updated links related to the possibilty of bankruptcy for the the State of California, and for some municipalities within the state:
Isleton Issues Bonds
Napa Valley Register
Sacramento Bee
Butte County
County versus State
I cannot find anything more recent on what has happened in Butte County (it’s been nine months), which must mean they ended up making the […]

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We saw Vallejo declare bankruptcy last year, but many other California cities are on their way to likely bankruptcy.  I’m starting a “short list” of those that have been in the media lately with the possibility of bankruptcy being mentioned.  I plan to update it as more cities and counties join the party.
Rio Vista and […]

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About 100 people turned out to protest the Federal Reverse System outside the San Francisco Fed building on Saturday, Nov. 22, 2008.  I got there a bit late, so I may have missed the peak turn-out.  This post is more than a bit late.  Here are some pictures of the protest.

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Hey everybody!  We get to learn a brand new dance!  I call it “The Depression Two-Step”.
Here’s how it works:
Step 1:  Go to cash because virtually all asset prices will fall (high quality bonds are an exception.)  You could call this a bull market for cash since everyone needs it to operate a business or fund […]

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This inflation versus deflation debate has gone on long enough.  Here are my thoughts on the subject:
Bottom line: if you destroy tens of trillions (credit contraction), but only add trillions (govt. debt spending and Fed balance sheet), you absolutely must have deflation.
Someday, once asset prices have finished coming down (mostly), continued expansion of the money […]

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Land use battles rage across California from the redwoods of our temperate rain forest to the desiccated Algodones/Imperial Sand Dunes. This fight is nothing new. Nor will it ever be settled permanently so long as the lands in question remain public. Land use decisions for Bureau of Land Management (BLM) and National Forest land hinge […]

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The following are the results of the California statewide election. The data was taken from the
California Secretary of State’s website.
Ballot Measures
1A - Yes
1B - Yes
1C - Yes
1D - Yes
1E - Yes
83 - Yes
84 - Yes
85 - No
86 - No
87 - No
88 - No
89 - No
90 - No

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Wal-Mart, Intel and AT&T recently announced that they are joining the Service Employees International Union, America’s largest labor union, to promote universal health coverage. While the Wall Street Journal may think this an “unlikely coalition,” anyone who understands government subsidy
will see what these large companies stand to gain.
Government-provided (or at least subsidized) universal health […]

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Wouldn’t it be awesome to see massive herds of bison stampeding across miles of open prairie? We could enjoy this wonder of the world once again…if we had were a bison run! It’s just like a dog run in your backyard, except it crosses a couple states and maybe even into Canada. The size is […]

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Prop. 89 will ensure that tax dollars are used to fund Democratic and Republican political campaigns, while offering little for independent and third-party candidates. And, like any attempt at funding campaigns with tax dollars, it forces all corporations in the state to fund candidates whose ideas they may despise. Even if you do […]

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