Another day shill at Shill central
Also, I can't believe I get paid for shit posting
Only in America
And they want to replace Biden with this spend thrift!
California Facing Record $68 Billion Deficit, Potential 'Fiscal Budget Emergency': Legislative Analyst
Because of a “severe revenue decline,” California is facing a $68 billion budget deficit that could accumulate to more than $155 billion over the next five years, according to the most updated projection released Dec. 7 by the nonpartisan Legislative Analyst’s Office.
A spokesperson for California Gov. Gavin Newsom suggested some of the state’s approximately $24 billion held in reserves could be used to address the growing deficit—an idea analysts agree will be necessary.
“The Governor has maintained strict fiscal responsibility since taking office, building up the state’s reserves to historic levels reaching the maximum allowed by the state constitution to be put in reserves and paying down debts—putting California in a strong position to deal with budget shortfalls,” Erin Mellon, communications director for Mr. Newsom’s office, told The Epoch Times by email Dec. 7.
Budget problems arose after income tax collections dropped 25 percent in the fiscal year 2022–2023—which ended June 30—compared to the year before, according to the report by the Legislative Analyst’s Office.
Moreover, tax receipts typically due in April were delayed until October this year due to federal and state exemptions granted after winter storms impacted the state, which made it difficult for state officials to determine the scale of the deficit earlier to define budget priorities accordingly.
“Federal delays in tax collection forced California to pass a budget based on projections instead of actual tax receipts,” Ms. Mellon said. “Now that we have a clearer picture of the state’s finances, we must now solve what would have been last year’s problem in this year’s budget.”
https://www.zerohedge.com/political/california-facing-record-68-billion-deficit-potential-fiscal-budget-emergency-legislative
The face of PANIC!
Al Gore Warns: People Having Access To Non-Mainstream Information "Threatens Democracy"
Al Gore says that people having access to information outside of mainstream media sources is a threat to “democracy” and that social media algorithms “ought to be banned.”
Yes, really.
Gore made the comments during an appearance at the Cop28 climate change hysteria conference in Dubai.
Gore whined that social media had “disrupted the balances that used to exist that made representative democracy work much better.”
The former Vice President said that functioning democracy relied on a “shared base of knowledge that serves as a basis for reasoning together collectively” but that “social media that is dominated by algorithms” upsets this balance.
According to Gore, people are being pulled down “rabbit holes” by algorithms that are “the digital equivalent of AR-15s – they ought to be banned, they really ought to be banned!”
Gore claimed, “It’s an abuse of the public forum” and that people were being sucked into echo chambers.
“If you spend too much time in the echo chamber, what’s weaponized is another form of AI, not artificial intelligence, artificial insanity! I’m serious!” he added.
https://www.zerohedge.com/political/al-gore-warns-people-having-access-non-mainstream-information-threatens-democracy
The Dollar is Toast!
Petrodollar Endgame Moves Even Closer
I'll be the first to admit that two of the main themes on this blog – the United States' sovereign debt crisis and the deterioration of the petrodollar – have been extraordinarily slow-moving theses.
In both cases, there have been developments that stand at odds with my contentions. For example, US stock indices continue to move higher, despite our economy grinding to a halt, and the BRIC nations have not developed and put forth their own reserve currency to combat the dollar, as I have suggested may happen. They also haven't backed any of their sovereign currencies with gold, as I have also suggested. While the timing hasn't proven me right as quickly as I would like, it doesn’t mean that things aren't ticking forward for both of these forthcoming realities. And, in the case of the death of the petrodollar, there was a huge development in late November that was under-reported and unnoticed by the market.
The death of the petrodollar is one of the key waypoints in the US dollar losing reserve currency status, as I have written about at length in the past. And while the US dollar used to be the only currency that foreign nations would trade oil in, that has now come to a screeching halt.
Not only is Saudi Arabia trading oil in other currencies than the dollar (notably the Yuan), it now appears the UAE is also strategically shifting away from the US dollar in its oil transactions, marking a significant change in the global financial landscape.
This move, involving potential deals with up to 15 countries including China, Russia, and Egypt, is part of the de-dollarization trend I have predicted, led by the oil sector. Led by the BRICS alliance, the move is redefining global economics and challenging the US dollar's dominance in international trade.
https://www.zerohedge.com/markets/petrodollar-endgame-moves-even-closer
Biden will just sell California to the Chinese and bring home a hefty 10% to the big guy