i'm wondering what state will be the first to default on their debt.
Bloomberg on California debt California has $51 billion in debt. think that will all be repaid ?
a new scam - re-insurance for state debt where the insurer collects the premiums ... and then goes BK. when Orange County went bankrupt, the yuppies did not riot. if think there's probably some sociological statistical effect where sub-cultures that have previous history of riots, lots of guns, and hammered hard by the lack of jobs/ not educated for the jobs that are there, are most at risk of renewed efforts in this direction.
in other words, if i was working for Department of Homeland Security, i would allocate resources for the area of LA where South Central meets up with Hollywood, right around Florence & Normandie, near the Temple theatre where they used to hold the Oscars.
there's been news reports in Berkeley of store hold-ups at Starbucks - where a guy walks in with a gun & cleans out the store & the customers, or as much robbing as they can do in 30 seconds. i think the question Michael Moore asked in Bowling for Columbine, why is the per capita homicide rate in the US 40 times higher than other civilized countries, will be modified in the course of "economic dislocation", that's the term Robert Hirsch used.
i don't keep too close of track of crime statistics. i think we will see generalized rise in property crime and violent crime, i have the feeling we already are. before a renewal of riots like the 1992 LA riots.
personally i think the FEMA camps we hear about are for an anticipated increase in the number of incarcerated persons, along with "immigration issues". what is the number right now, 1.4 million people in prison in the US. i think the US culture & government likes having a big prison system. there's money in it, or there was. i wonder if they'll release the non-violent drug offenders to make room for the rioters.