The Motley Fool Discussion Boards
Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: Californians moving – to Texa||Date: 12/13/2012 1:00 PM|
|Author: desertdaveataol||Number: 411205 of 511011|
who would pay for the reconstruction after the big quake hits southern California?
The oil industry, the movie industry, the aerospace industry, the silicon valley inustries, the wine industry, the fruits and nuts industry, the tourist industry, and the people of CA.
Bravely spoken, but easier said than done. The immediate damage would run to hundreds of billions,
Easily printed by the USA government, but would the Sovereign State of California's "full faith and credit" fiat tissue paper cover the credit gorge?
fires would burn for weeks, there would be massive disruption of business, two-thirds of the water for LA would be lost, the electrical grid would be in shambles,
I'm thinking LA's population would not be sustained with only 1/3 of its normal water supply. The "Okie migration" would be held again in reverse. Would Oklahomans and Texans turn back Californians at the state lines with cops?
the ports of Long Beach and LA would see their business shrink to nothing, rioting would make life dangerous in many parts of the Southland, young children, the elderly and anyone with chronic pulmonary or cardiovascular conditions could be at risk;
Rioting would occur only in cities. Roving bands of looters can't rove far without gasoline.
one study estimated that three-quarters of health care workers live in zones that are expected to experience the most damage; a recent study found structural weaknesses in many hospitals in California, particularly in the southern part of the state.
Assuming anyone was going to work, where would hospitals get supplies?
The earthquake will immediately drop the US into recession; if California were its own economy it would drop into a deep depression.
Tisk tisk, I'm sure the good people of Washington D.C. would be willing, indeed eager, to repatriate all that taxable income er... I mean the citizens of California.
"Four boxes keep us free: the soap box, the ballot box, the jury box and the cartridge box."
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|