[WATCH] Illinois Economic Collapse Is Near, Two Other States Will Follow In It’s Footsteps

Sunday, July 2, 2017
By Paul Martin

Mac Slavo
July 2nd, 2017
SHTFplan.com

The mismanagement of Illinois by government bureaucrats and politicians have plunged the state into a dire economic abyss. But SGTReport is predicting that other states will fall just as quickly, and you won’t be surprised in the least when your hear which ones are doomed to suffer an economic collapse soon.

Illinois could be expected to slash pensions to 30 cents on the dollar to help stave off the harsh reality of nanny state policies and socialist promises. But problems with finances began when the state failed to realize that a stranglehold on the economy spells disaster and political promises are failures waiting to happen. The mass exodus of property owners began when the land of Lincoln decided to jack up property taxes in an attempt to cover for their awful Ponzi scheme mismanagement, and the spiral into an almost $15 billion debt crisis began.

According to the video below by SGTReport, the situation is worse than we are being told. The mainstream media is almost coddling the public over the “red alert” created by the socialist policies in Illinois. And California and New Jersey are most likely next thanks to the government awarding pensions they cannot pay for. The suggestion? Invest in gold or silver because Illinois will soon look like Venezuela and the dollar will be all but worthless.

The state of Illinois doesn’t have a monopoly on ignorant, power hungry, or corrupt politicians, and that’s why the warning is going to California and New Jersey. Since the end of World War II, those ignorant politicians have been promising American Baby Boomers more and more entitlements while never collecting nearly enough money (stealing enough from others in the form of taxation) to cover them all, and it all began with the Ponzi scheme of social security. Although most media outlets will try to do mental gymnastics to explain why social security’s non-voluntary participation is not a Ponzi scheme, the facts remain.

The Rest…HERE

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