Thirty-Two States are Now Officially Bankrupt; $37.8 Billion Borrowed from US Treasury to Fund UI

I don’t publish this to frighten you. We know that a financial crash is happening and must occur to clear the cabal out of positions of influence. We also know that an abundance program waits in the wings to restore the situation as soon as the cabal has left. For more on the abundance program and end times, see footnote 1.

Global Research

May 23, 2010

Courtesy of Economic Policy Journal

We now know that the majority of American states are currently insolvent, and that the US Treasury has been conducting a shadow bailout of at least 32 US states. Over 60% of Americans receiving state unemployment benefits are getting these directly from the US government, as 32 states have now borrowed $37.8 billion from Uncle Sam to fund unemployment insurance.

The states in most dire condition, are, not unexpectedly, the unholy trifecta of California ($6.9 billion borrowed), Michigan ($3.9 billion), and New York ($3.2 billion).

With this form of shadow bailout occurring, one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money.The full list of America’s 32 insolvent states is below, sorted in order of bankruptedness.

Zero Hedge – 2010-05-21

Footnotes

(1) For a complete discussion of the abundance program, see https://www.angelfire.com/space2/light11/fc/nesara1.html and https://goldenageofgaia.com/on-nesara/. For a discussion of the end times, see https://goldenageofgaia.com/the-end-times/ch-1-the-end-times-will-be-tumultuous/ and the chapters that follow (list available in right-hand column).