2015-09-28counterpunch.org

Most likely to be first up to collapse are some US cities like Atlantic City NJ, Chicago IL, Newark NJ and Paterson NJ. If you've studied cost accounting at a graduate level, did cost accounting work and you look at publicly available financial data from these cities, it's like looking at nightmare on main street parts I, II, III and IV about to happen.

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Besides city, county and state collapses, there will also be school debt collapses, hospital debt collapses, government authority debt collapses, individual bankruptcies, corporate debt collapses and finally the nationwide debt collapse of the USA. If change cannot be brought about fast -- like increasing revenue (e.g. raising taxes on the rich) or cutting spending (e.g. ending endless war, cutting military/intel spending) or both -- then, the best way forward may be to evacuate. Get away from the places about to collapse as quickly as you can.



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