marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Collapsifornia
03/23/2022
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By Arsenio Toledo
Los Angeles first major city in the country to reach average gas price of $6 per gallon
Los Angeles on Tuesday, March 22, became the first major city in the United States to have an average gas price of over $6 per gallon. Patrick De Haan, head of petroleum analysis for Boston-based fuel price assessment company GasBuddy, broke the story that Los Angeles was the first big city in America to breach […]
03/25/2021
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By Ethan Huff
Covid squatters take advantage of California’s eviction moratorium by refusing to vacate home after selling to cash buyer
A young couple that paid $560,000 cash on Jan. 31, 2020, to purchase a four-bedroom home in the Southern California community of Riverside is still unable to move into their property more than a year later because the seller is refusing to vacate, taking full advantage of a Wuhan coronavirus (Covid-19) eviction moratorium loophole in […]
09/11/2020
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By Franz Walker
California started sending out FEMA-funded unemployment payments on Labor Day
On September 7, Labor Day, California started sending out unemployment payments of $900 each to 3.1 million eligible claimants, drawn from the Federal Emergency Management Agency (FEMA). The California Employment Development Department (EDD), which handles state and federal unemployment claims for California, is sending out three weekly payments of $300 under the Federal Lost Wages Assistance program, as authorized […]
09/03/2020
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By Ethan Huff
California is too broke to pay its pensions, but now wants to explore paying “reparations” to black people who were never slaves
With no extra money to spare, the state of California is still choosing to bypass the pressing needs of its own citizens with the creation of a new reparations task force, which will decide how much taxpayer cash to hand out for free to people with black skin whose ancestors may have been slaves. In […]
08/18/2020
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By Cassie B.
Most prolific taxpayers will now FLEE California as the state passes “wealth tax” targeting high income earners
A group of California state lawmakers have proposed a state wealth tax aimed at roughly 30,400 residents that they believe could raise $7.5 billion – but it could well have the opposite effect as the state’s wealthiest residents flee the state in droves. Under the proposal, the tax rate would be set at 0.4 percent […]
08/13/2020
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By JD Heyes
Gavin Newsom blames Trump for his state’s massive budget shortfall; ignores economic fallout from his own coronavirus lockdowns
We knew it would come to this, and it has. Left-wing Democratic governors all over the country, among the first to order their states closed for business due to COVID-19 and among the last to lift shutdown orders, some of which are now six months old, are blaming President Donald Trump for the easily predictable […]
01/14/2019
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By JD Heyes
PG&E going bankrupt is just the beginning of the financial collapse of California under suicidal liberal economic policies
Since Democrats have taken over all levels of government in California, imposing their brand of “progressive” politics and policies, a strange thing has happened: The state has grown richer and poorer at the same time. Buoyed by billion-dollar industries in entertainment, agriculture and technology, California’s GDP is $2.7 trillion annually. But according to the Census […]
11/08/2018
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By Lance D Johnson
Liberal utopia California plunges to poorest state in America as economic policies of the Left take their toll
The liberal utopia known as California now has the fifth largest economy in the world, with GDP that just surpassed $2.7 trillion, yet somehow California is the worst state when it comes to wealth inequality. If liberals know how to redistribute wealth so well, why does the liberal-ran state of California have the largest percentage […]
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