US cities face financial collapse http://www.youtube.com/watch?v=pkwkof7J9Ro

Overdrawn American cities could face financial collapse in 2011, defaulting on billions of dollars borrowed and derailing the US economic recovery. Municipal bonds were once a very secure form of investment and are now defaulting, a trend that is on the rise. UMass economics professor Richard Wolff says this is going to translate into a diminished quality of life, we need more governmental services not fewer and it is going to affect everyone.

[wars for corporate profit and israel,hence the consequences...