Everything is imploding. Today was really the beginning of the end. Bonds, Stock Market, Dollar all down. Interest rates and Gold rising.

California, decided to go into bankruptcy yesterday....

Today was the day...the music stopped....and there weren't enough chairs.

"Reporting from Los Angeles and Sacramento --

By Evan Halper and Tom Petruno
10:53 PM PDT, May 20, 2009

First came the banks and insurance companies. Then the auto industry. Now, with California on the verge of financial collapse, state leaders are demanding an unprecedented federal rescue of their own.

They say they need the Obama administration to step in and back billions of dollars in emergency loans. If Washington fails to do so, the state could start running out of cash in July and then would have to stop paying huge amounts of its bills. That, in turn, could set off dangerous ripples throughout the economy, state officials say."
Source: LA TIMES