To return to an earlier theme: being "rich" just isn't as big of a deal as you think it is. After all, what place could possibly be richer than California?
To quote one of my favorite movies (Oh Brother, Where Art Thou?, but probably countless other movies as well), "It's all about the money, boys!". Or to be more specific again, all about the credit. And when it comes to that credit, Kazakhstan and Mexico are looking better than California.
This sort of thing is literally keeping me up at nights right now. It's not just California at this point. We're in a tight spot (to quote the same movie again), and the Obama administration is doing nearly everything it possibly can to replicate the problem on a national scale. If that happens, Americans, unlike those Californians fleeing to Utah, don't have anywhere to which we can "R-U-N-N-O-F-T."
Okay, I'll stop quoting the movie now.
Wait a sec, wasn't it set in the Great Depression?
Junkyard Planet – the Paperback.
1 week ago