What is Happening
Although this should come as no surprise to most of my readers, we are seeing more and more evidence that California is hemorrhaging and on the verge of complete collapse. To put it in perspective, they are so far in the hole that it would take freeing 168,000 prison inmates and permanently closing 240 university and community college campuses just to balance its budget in the fiscal year that begins July 1.
California, once the third-largest economy in the world, is becoming the next Greece. The California government has spent so far beyond its means that mass layoffs, a failing infrastructure, and welfare reductions that leave a million children and the poor and elderly without the services they need are now the norm.
Unemployment in some areas of California is at Great Depression levels. In fact, the total number of people unemployed in the state of California is equal to the populations of Nevada, Vermont, and New Hampshire combined.
On top of that, California’s health care system is also on the verge of system failure. Over the past ten years, dozens of California hospitals and emergency rooms have shut down. Why? They weren’t able to keep up with the endless influx of illegal immigrants, unemployed Californians and homeless people who could not pay for the services that they were receiving.
As a result, the rest of the health care system in California is now completely overloaded and long waits, and even unnecessary patient deaths are becoming commonplace.
To resolve this issue, California policy makers are begging the Federal Government for bailout funds proclaiming that they too are “too big to fail”.
What This Means
As California goes, so goes the nation.
Even if you don’t live in California, this should give you reason to be concerned. California’s economy is very much intertwined with the rest of the nation. If California fails, be prepared to see the rest of the country to soon follow suit.
Besides that point, California is not the only state on the verge of bankruptcy (Florida, New York etc). The whole nation is infected.
We have become entitlement slaves
This once strongly independent and fiercely self-reliant country has turned into a population of entitlement slaves. Too many are dependent upon and expect to continue to be supported by government dole-outs. But this is completely unsustainable as we are seeing.
The system throughout the U.S. (and world) is collapsing and unless we revert back to the principles that founded this country (self-reliance, frugality, industry, faith) we all — not just California — are doomed to follow Greece.
As a side note, I find it ironic that the government of California — an overspending, overpromising, in-debt-up-to-its-eyeballs behemoth — is petitioning to an overspending, over promising, in-debt-up-to-its-eyeballs behemoth for a bailout. There’s something just not right about that.
How Does this Affect You?
If the saying “as California goes, so goes the nation” is true, we are in a world of hurt. For this purpose, if you haven’t yet, you’ll need to get yourselves prepared.
For you newbies who might be overwhelmed and not know where to begin, I’ve written some articles that lay out the process and begin with the basics:
Food & Water Storage and Beyond
Food & water storage should be the first thing you prepare your family with. It’s not just for end-of-the-world emergencies — it’s pure common sense (ie you lose your job, food prices go through the roof with the devaluation of the currencies etc).
Here is a list of articles that details where to begin and where to go from there: