June 22, 2005

California Meltdown
Real Estate Collapse will Create Total Chaos

UCLA Economists Still See a Bubble in Housing Market - L.A. Times - June 21AP Internal Use Only

"When those prices stop rising, consumers will rein in spending, possibly triggering a recession, they said."

Advice to Readers

California was saved from the dot com collapse only by the real estate bubble. When this goes, hundreds of thousands of illegal aliens are going to be put out of work. We advise those who can to sell and get out of Southern California while there is still time.

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