Chicago

As we've known for quite some time now, Illinois is completely insolvent, and in large part due to enormous pension liabilities which as of December were underfunded to the tune of $111 billion. Not only is the state insolvent, its millionaires can't get out fast enough to avoid the massive tax hikes that will be coming in what is sure to be a failed effort to plug budget holes, as well as the soaring criminality in cities such as Chicago which recently just passed the historic milestone of 1,000 gunshot victims in the fastest time in decades.

In an article earlier this month, we said that "Chicago is disintegrating" amidst soaring gun violence and homicides, in large part due to the deteriorating economic situation. Unfortunately, we now have an update to the state of things in the windy city, and it's getting uglier.

Those who pull the strings are apt to push racial division and general chaos, as the economic avalanche falls in on the population at large.

As SHTFPlan.com's Mac Slavo notes, uncertain about why finances and money become so difficult, most will fall into the trap of faction-vs-faction on the streets, as the elite helicopter away on profits derived from our general demise.

 

Recently, we’ve shown where wealthy people reside within the US, and where they’re fleeing from (here, and here). We now present to you the US city that is winning the race to drive out their wealthiest taxpayers. 

As the Chicago Tribune reports, that city is none other than Chicago, Illinois. 

Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a report by New World Wealth.

While the Obama administration has been vocal about its intentions to limit access to guns for Americans across the nation, in the process achieving the opposite and leading to record gun sales, FBI firearm background checks that just hit an all time high for the month of March...

... and record stock prices of US gun makers such as Smith and Wesson, perhaps it should focus on what has become the epicenter of ground zero for violence and gun homicides in the US: Obama's "home town" of Chicago.