New Jersey Governor Issues A State
Of Emergency Executive Order
Seems pretty clear measures are being taken before the big collapse here in the USA. Who is going to want to work for the government after everything falls apart. To say it will be chaotic will be an understatement.
Not only did New Jersy’s inability to pass a budget shut down the government (but not really. Don’t worry, you’ll still be taxed and welfare checks will still go out) but it scared Christie enough to sign a state of emergency executive order.
New Jersey’s economic stability is in a dire state, and they appear to be continuing to make the same mistakes as Illinois. But according to nj.com, the conflict in the legislature and subsequent budget standstill is about the finances of not-for-profit Horizon Blue Cross/Blue Shield, the state’s largest health insurer. The state Senate passed a bill that allows the state government to control how much Horizon keeps in its surplus fund before it must contribute to a public health fund.
The government doesn’t seem to want to tackle to problems they created, they only seek to tighten the economic hold they have on companies and individuals through taxation and regulations. And the government never tries taxing less and spending less, they only want more power, which is funded by more theft, and control through entitlement programs.
Moody’s is even warning that it’s the high taxation and political promises that are sinking states.
“Tax rate increases, such as the ‘millionaires’ tax’ implemented in prior administrations, could bridge some of the gap, but may be politically challenging in this already high-tax state. Closing the entire $3.6 billion gap with revenue-side solutions alone appears unlikely,” analysts said. Gubernatorial candidates seeking to replace Gov. Chris Christie have proposed bringing back variations of the millionaire’s tax. But the size of the future deficit is so large, Moody’s said, “it unlikely that a sufficient tax increase would be politically feasible.” Finding enough cuts, too, would be “highly challenging,” the agency said, adding even slashing employee health benefits would fall short in the long term. –NJ.com
The dollar is collapsing all over in states which exhibit massive amounts of control over their populations. Preparing for the looming economic crisis that will impact all of us is important, and experts are suggesting an investment in metals. Barter systems may take over in the event that entire state economies collapse making precious metals a viable currency when the dollar becomes useful only as toilet paper.
Infighting between republicans and democrats is getting the constant blame for the economic troubles facing New Jersey, but the real problem is much more simple. The entire government and the system they operate under is the problem. The infighting is merely a symptom which masks the bigger issue of too much government. And preppers in volatile states like New Jersey aren’t taking any chances right now.
[WATCH] Illinois Economic Collapse Is Near, Two Other States Will Follow In It’s Footsteps
Illinois could be expected to slash pensions to 30 cents on the dollar to help stave off the harsh reality of nanny state policies and socialist promises. But problems with finances began when the state failed to realize that a stranglehold on the economy spells disaster and political promises are failures waiting to happen. The mass exodus of property owners began when the land of Lincoln decided to jack up property taxes in an attempt to cover for their awful Ponzi scheme mismanagement, and the spiral into an almost $15 billion debt crisis began.
According to the video below by SGTReport, the situation is worse than we are being told. The mainstream media is almost coddling the public over the “red alert” created by the socialist policies in Illinois. And California and New Jersey are most likely next thanks to the government awarding pensions they cannot pay for. The suggestion? Invest in gold or silver because Illinois will soon look like Venezuela and the dollar will be all but worthless.
The state of Illinois doesn’t have a monopoly on ignorant, power hungry, or corrupt politicians, and that’s why the warning is going to California and New Jersey. Since the end of World War II, those ignorant politicians have been promising American Baby Boomers more and more entitlements while never collecting nearly enough money (stealing enough from others in the form of taxation) to cover them all, and it all began with the Ponzi scheme of social security. Although most media outlets will try to do mental gymnastics to explain why social security’s non-voluntary participation is not a Ponzi scheme, the facts remain.
As Zerohedge has noted frequently before, some of the largest
of the many entitlement “scams” used to seduce voters and bring about communism
through making socialism palatable in this country, are America’s public
pension funds. Up until now, these public pensions have been covered
by stealing money set aside for future generations to cover current claims.
It’s a Ponzi scheme of epic proportions, and one that’s non-optional to
participate in.
This should be a wake-up call to every individual in the United States. Left-leaning policies, such as communism and it’s little cousin, socialism always fail because eventually, politicians run out of other people’s money. People also want to be free, and those in Illinois are quickly discovering that instead of freedom, they have government promises and intervention laced with massive taxation (theft).
Force and coercion will always eventually end the same way. Freedom of association is the only way human beings were meant to interact. Until government worship ends, and succession is more prevalent, society will continue to face collapse thanks to the failures of government and those who seek to make it bigger. Power always corrupts.