The best way to achieve them is via bankruptcy. My county in Freasno will go bankrupt, and the people most responsible for that, Judy Case and Henry Perea are in the county supervisors office today sweating out how he will explain all this. It is hard to imagine a more loathsome bunch of corrupt liars then the Fesno Country supervisors.
You can look at the whole group here. They have basically been operatives of the local public sector unions, an have systematically robbed the county of wealth. All of them should be hauled before a grand jury and indicted. The problems go back even farther, but most of this bunch were part of the billion dollar theft when they secretly signed on to another billion dollars in pension giveaways to the public sector unions. Fresno County will be the next county in California to implement negative interest rates.
Speaking of negative interest rates, Tim Duy reports that we have to do some of that at the Federal level as a result of the ongoing oil shortages. If Ben wants to implement negative interest rates then he should be the state bankruptcy arbiter. His best approach would be to manage a break up of the Dollar currency zone, working with Illinois, California, Texas, Florida and New York to build their own cantral banks while negotiating haircuts for federal bond holders.
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