Detroit and LA Bankrupt

The CR News Reports© is a copyright publication of Channeled Readings®.  The following predictions on GLOBAL ECONOMY were channeled on April 8, 2010 directly from our “Higher Intelligence Source” and not from what we, the Mediums may think, reason, guess, analyze or anticipate from probabilities or trends. These predictions are not based in conspiracy theories or come from a doomsayer’s slant. We provide Survival News Predictions to help you overcome any fear of the future you may have and empower you to prepare for what’s coming.  There is good news and not so good news about the global economy.  Today the US dollar rose further against the yen and Asian stocks were higher on growing optimism that the global economy is gaining strength.  That’s what you heard on the news, however you may have missed these reports; The Bank of Japan announced it will keep its super-low interest rates as it tries to kick-start its economy.  Food stamp usage in the US hit a record high – 39,000,000 people are now using food stamps.  This was the 14th consecutive monthly increase.  A bankruptcy in Detroit looms with a deficit of $446 million with a budget of $1.6B.  Los Angeles will shut down city departments in a budget crisis.  The LA Controller says the city could run out of money by May 5th.  More Americans filed for bankruptcy protection in March than during any month since the federal personal bankruptcy laws were tightened in October of 2005.  The report cited high unemployment and the housing crash as the causes.  Federal courts reported over 158,000 bankruptcy filings in March; or 6,900 people a day filing bankruptcy.  This is a 35% increase over February.  On the global front, on April 15th, a decision will be made in Washington, D.C.  The US is to rule whether China is unfairly manipulating its currency against the dollar to promote its exports.  If the case is accepted, it is a signal of economic warfare also a signal that now; it is every country for itself.  What affects will this have on the global economy?  …Go ahead with your predictions and commentary…

“Cities are in the worst situation.  More bankruptcies and defaults are coming from cities of all sizes.  These defaults will drive them into state receivership.  The only solutions for cash-strapped cities is to lessen the size of city government and in the process, be forced to lay off or discontinue some city services.” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member? … want to listen to this entire prediction?

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Tags: bankruptcy in Detroit looms, cash-strapped cities, China is unfairly manipulating its currency, D.C., More Americans filed for bankruptcy, unemployment and the housing crash, Washington