Agoracom Blog

According To 60 Minutes, Each US State Is A Fiscal Banana Republic

Posted by AGORACOM at 9:57 AM on Monday, December 20th, 2010

Good morning to you all.  The fiscal crisis at the US Federal level is well-documented but – outside of the most astute readers amongst small-cap investors – many are unaware of the depths of financial despair faced by almost every US State.

Don’t feel left out any longer, we’ve got the following 60 Minutes clip that you need to watch over hot cocoa in these next few days.  After watching it, you may have to crank that up to Eggnog.

Most importantly, make sure you take these facts into consideration when planning your finances in 2011 and beyond.  Further money printing is going to have an impact on the US financial scene, the price of gold, etc.

Hat-tip to Eric Jackson Via Twitter


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