2/2 Donald J. Saltarelli discusses the looming bankruptcy that California is facing on KWN

http://www.kingworldnews.com

Don Saltarelli was called upon by Governer Pete Wilson in 1995 to help clean up the bankruptcy of Orange County California. This was national news that shocked many and Don is now saying that California is bankrupt. In this interview Don discusses the looming bankruptcy that California is facing, the staggering debt load and entitlement programs that are burying California as well as the pension shortfalls and the need to use bankruptcy to restructure California.

Category:

News & Politics

Tags:

• California
• bankruptcy
• Donald
• J.
• Saltarelli
• debt
• load
• is
• bankrupt
• obama
• goverment
• spending
• geithner
• peter
• schiff
• china

[johnkulaya]

The debt that the banking and government criminals hold to pay for the human suffering that they, in cooperation with the global elite have caused will never be paid. For the sake of justice we must arrest these criminals banksters and clean house in our Federal, State, and local governments.

[feegeit]

great insight

[johnTconover]

@kosai19. The working populations apathy is to blame, but you must recognise that this "apathy" is infact a key structural design of the system. The most critical piece of which is the EDUCATION system which insidiously promotes conformity, nationalism and false patriotic duty. Crushes creativity, individuality and critical thought. There is a reason for the saying "knowledge is power", its why the wealthy receive a true education and why they suppress education for the "useless eaters"...

[johnTconover]

And if you accept the un-cooked unemployment rate of 20% give or take, there are more unemployed, under-employed and un-counted unemployed Americans than there are Canadians... But never fear, green shoots are here and everyone will have jobs on communal farms, as cooks/cleaners for chinese holiday home owners and as personal assistants for government employees.

[Melville10]

Apathy=consent. I agree.

All empires fall---Greece, Rome, Egypt, UK, Soviets--why would the USA think it is immune?

[MrFredGSanford]

I'm afraid. No, I take that back. I'm very afraid.

[mike6459]

California has more people than Canada...put that in perspective

[shatteek]

Great series.

[gerrilea1]

Kosai19, I agree to a point...but you can't blame all of them...over 80% of Americans water supply is drugged or contaminated with Fluoride...and we all know Fluoride makes people complacent an docile.

That along with the Neural Linguistic Programming on the TV, movies, etc...you get a stupefied population!

[kosai19]

They didn't "cause" it, we did. None of it could have been without the consent of the people. Apathy also equals consent and pretty much describes this society.

When empires collapse it's always through the apathy of the people as corruption takes over. Rome fell to this and the USA will also - just history repeating.