California insolvent? That would be HUGE news, as it is a nation all to itself save for the lack of a Californidinero. Such would generate a panic that all state and miniciple bonds may be too risky. Usher in higher rates on those debts. Desperate situation that results in those stupid weekend deals that are not well thougt out... like selling part of the state back to Mexico? OK, can't do that.

WOW.

if it's true that they are using "net 30" and delaying payment obligations, we are truly within weeks of a failure of the state coffers. They'll have to E-bay schwarzeneggermemorabilia and put a tax on Cali-Flower.

all roads lead to gold surge soon

SKELEG