Debt burden Transferring From Local and State To Federal Level

It is this tranfer that many have come to view as leadership in America.

As Jim wrote earlier today on jsmineset.com,

There is no question about if we will experience the event of states failures on debt. In truth it already locked and loaded into many states of the USA.

Expect spin to give the impression that the currency devaluation, called quantitative easing to soften truth, will be highly controlled while simultaneously implying that the markets will be given whatever is necessary to promote success - whatever that may be. It should be an interesting week. I suggest securing your computer monitors and mobile devices from the air turbulence cause by extreme lip flapping.

Municipal Meltdown in Harrisburg, Pennsylvania