The End of the Individual State

California's troubles seem to just get bigger.

As we all know, the state is issuing IOU's now to pay it's bills. Unless you are in the Legislature, then you still receive your cash paycheck. Must be nice to be in charge.

But now the major banks California deals with have decided they will not accept the state's IOU's.. T the top of the list of these banks, are Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and J.P. Morgan Chase & Co.

These are the same banks the Federal Government now controls. The banks are worried about fraud issues. I am not sure how a Federally run bank would be concerned with fraud from excepting a State issued IOU. It all sounds curious to me.

Since Governor Arnold went to Washington to ask Our Dear Leader for loans, and was turned down straight away, I have had suspicions of what is really in the works.

Now that the Government controlled banks are also telling California no deal, it would seem to reinforce what I have been thinking.

This might even fall into a conspiracy theory. Let me set the stage.

Since almost every state is right on California's heals financially, what happens to California might be a nice window into how the other states will be treated.

One could definitely argue that California is too big to fail. The states GDP is larger than most countries , let alone companies. But the Federal Government is not only turning a blind eye, but now taking an active stance in helping the state to fail by not allowing the banks to accept the IOU's. And there can only be one reason.

Control. If they were to help California, they would have to help all of the other financially crashing states. And the Federal Government would not have control of the State.

Or, let California crash, and watch the other 49 states go down like dominoes. Once the state government implodes, the Federal Government would be free to move in, and take control of the State.

We will hear familiar speeches from Our Dear Leader. We don't want to run the State government. This is only a temporary solution, we had no choice but to step in.

And step in they will. And California will be the first State to lose its State Sovereignty. The State government will then be merely a puppet of the White House. And the other states will soon fall into the same trap. And I think that has been the plan.

Our Dear Leader wants complete control. It is quite obvious by the way he has handled everything so far. Let them fail, take them over. It will be one big happy country. State lines will be meaningless. State laws will be superseded by Federal, eventually all laws will be the same across this once great Nation.

I would wager there will be a California Czar to oversee the State.

This might sound crazy, unless you look into what Our Dear Leader really wants to do. His goal is to completely Socialize the country. And it will be so much easier without independent states putting up road blocks.

This is truly going to be the death of self government.

There will be 50 Czar's in DC, each one responsible for overseeing a State. They will be named as the State Governments go bankrupt. Which will most likely be before the year is over. Any State that manages to avoid bankruptcy, will simply be taken over.

And I know you are saying to your self, that is nut's, there is no way.

That is what I said about everything the Government has already taken over. All I can say is sit back and watch it happen.

Our Dear Leader and the other Progressives believe our Constitution is out of date and needs to be cast aside. This is why they have no problem ignoring it as they have been doing. This economic disaster, which congress, the Federal Reserve, and Goldman Sachs all helped orchestrate, created the perfect set of circumstances for a complete and total takeover of the country.

And they are not going to waste this opportunity.