January 31, 2009 journal, 46 states are said to be on the verge of bankruptcy which would most likely break up the United States if the foreign phony Federal Reserve does not bail them out quickly. It may come to choosing between bailing out the banks or redeeming T-bills or subsidizing the states. The federal government is already having to shovel a lot of money to the states to cover their unemployment security payments which are most all depleted. Ohio required $500 million as South Carolina borrowed half that much from good old Uncle Sam reported having an overall $20 billion obligation to unemployment. What will it take to bankrupt this nation and by that I mean to destroy the magic of the dollar? Not much more in my opinion. The converging of these crisis continues as they intersect in a financial implosion like America has never witnessed since its inception. I say there is no cure because the real problem is the sin of America and not the economy. Another report says that every bank is broke and must be dissolved to start over if we are to survive saying the banks are now just shells with no wealth left inside to service any of their customers. The bank's are all like Bernie Madoff's pongee scheme still circulating. The Republican governor of Vermont appeared with the new president asking for money. His state is suffering with joblessness and he says it does not matter if its Republican or Democrat. He says businesses are closing so fast that the state of Vermont is in trouble. Actually, all states are in trouble even those with large surplus deposits as the tide turns. The state of Vermont has been meeting considering secession for a number of years now. Another request the governor of Vermont made was for Medicaid funds for his uninsured. 1200 people lined up for hours even days to apply for 35 jobs with the city in desperation. The phony Fed has milked this cow bubble dry and no it will not work the 2nd go around. The federal District of Columbia may lose all its states this year and be a ghost town. "There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy. There are currently 46 states with high budget deficits, and Arizona being one of them. Fact, Jan Brewer, the newly appointed Governor of Arizona has a major crisis on her hands, one that Arizona and national media isn't covering. The alarming news is the State of Arizona has 90 to 120 days before they completely run out of money. After that, all bills and tax refunds owed to the citizens will go unpaid. Before Janet Napolitano left for her new Homeland secretary position, she had a stand-off with Arizona Treasurer Dean Martin. The AZ Treasurer forewarned Napolitano about Arizona's financial crisis, but she refused to heed his words. With neighboring California on the verge of bankruptcy this year, many States will follow in their steps. Many States are already scurrying to cut unwanted costs, cut State-funded programs, raise taxes, not issue tax refunds to their citizens, and borrow money just to survive in 2009. Unfortunately, many banks - the same banks the Fed bailed out - are refusing to loan money to the States and their Treasury agencies. The article, State Budget Troubles Worsen, at the Center on Budget and Policy Priorities website is an excellent piece to read. It shows where each State currently stands in these challenging economic times, and you see 46 of the 50 States are clearly in the financial red. It's very possible you'll see the end of the United States as we know it. If the Fed doesn't bailout the States when their cash dries up and the banks don't loan them money, then our States will be left in financial ruin. This would be a tragic and unprecedented event never experienced in the United States. No state has ever filed bankruptcy, but it could be coming to a state near you this year. We are on the brink of something for worse than the Great Depression".