When will SHTF? Watch California.
California is most people's last choice for a BOL, and with sky high taxes, millions of welfare leeches, and a liberal state government bent on wrecking the place, it's easy to see why. But the qualities that make California unattractive to preppers make it the place to watch as a canary in the coal mine to tell when SHTF might be right around the corner.
California's economy is going gangbusters right now, led by Silicon Valley which is about the only thing that America has left going for it. Apartments are literally impossible to find in San Francisco, long lines at open houses and deluges of applications complete with references, pre-pulled credit reports, and rental histories are the norm. And that's just the rental market-real estate is seemingly back to the halcyon days of the 2000s bubble, with the Sacramento News & Review even proclaiming "Housing Bubble 2". Needless to say, when the cracks start to show in this frenzy, it may be time to bug out.
California has been led back to illusory "fiscal solvency" by Jerry Brown, a small budget surplus is in the offing, the first since the dot.com bubble. Watch California's budget closely, when it starts to wobble, be wary.
One poster on Survivalist Boards noted that no-doc mortgages, yes those evil buggers that nearly brought down the world economy, are back in California. The real estate frenzy is so crazy in California that the banksters are willing to forget every lesson they learned about junk mortgages. Fool me once, shame on you, fool me twice, shame on me. And there's plenty of shame to go around. It seems that many in California are willing to be fooled over and over and over. Problem is, the fool's game can only go for so long before the foolers run out of fools. All bubbles pop. Use this one to get your preps in order.
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