Zoom even talk of the interest rates going up means Bonds are starting to mature and there for will need to be payed in full . This means interest rates rise and after a while so will inflation if your not careful .

If you don't or can't pay then there JUNK Bonds not worth the paper there written on . And you think the G.F.C not your way :-) was bad . Do have any idea how it spread from Morgages in America to sending Ireland and Greece Bankrupt ??

I just hope you do know what your doing as your already in deep dodo finanally

Simple economics 101

I just hope your Treasury knows what it's doing and you fired all them Goldman Sacks ppl

Get lost Darth, you don't like My proof, so you make up stuff. Heck get a spell checker, you need one, badly.

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

I just hope you do know what your doing as your already in deep dodo finanally

Simple economics 101

I just hope your Treasury knows what it's doing and you fired all them Goldman Sacks ppl
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Darth you are confusing micro economics with macro. As an aside you just flunked Econ 101.

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I just hope you do know what your doing as your already in deep dodo finanally

Simple economics 101

I just hope your Treasury knows what it's doing and you fired all them Goldman Sacks ppl
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Darth you are confusing micro economics with macro. As an aside you just flunked Econ 101

I think I understand the Bond market enough .

If California has just come out of one of the worst droughts next time if your not ready then big trouble as my own country will find out as the Drought spreads over here .

Better ways to get the cash to build a HSR that just sounds like a money grab of something that should be a public asset if public money in any form is being asked to be added to the pot

If the State coffers are so full why ask for money in the form of the Bonds ...

The asset it's self should be enough if it's any good .

Shorly AmTrak are big enough to raise the money for this type of thing .

On the stock Market and Banks .

I'd ask a few more questions

It would be good to see you guys have a go at a HSR be a good one your not bad engineers when you put your mind to it

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I just hope you do know what your doing as your already in deep dodo finanally

Simple economics 101

I just hope your Treasury knows what it's doing and you fired all them Goldman Sacks ppl
_

Darth you are confusing micro economics with macro. As an aside you just flunked Econ 101

I think I understand the Bond market enough .

If California has just come out of one of the worst droughts next time if your not ready then big trouble as my own country will find out as the Drought spreads over here .

Better ways to get the cash to build a HSR that just sounds like a money grab of something that should be a public asset if public money in any form is being asked to be added to the pot

If the State coffers are so full why ask for money in the form of the Bonds ...

The asset it's self should be enough if it's any good .

Shorly AmTrak are big enough to raise the money for this type of thing .

On the stock Market and Banks .

I'd ask a few more questions

It would be good to see you guys have a go at a HSR be a good one your not bad engineers when you put your mind to it

Amtrak is constrained to its own system and the GOP in Congress will not give them or anyone construction money for HSR, the Prop1a bond money is needed, but if Prop1a were repealed there would be no HSR, the GOP hates anything Foreign, they like Big Oil, since that is who holds their KOCH brand leash. The GOP would rather worship money, than to do what the one and only US Constitution says to do in Article 1, Section 8: "Provide for the General Welfare"

And yes it does say that and here's the link to prove it too, the US Constitution and the Amendments to the Constitution are the Supreme Law of the Land, there is nothing higher, nor is there or was there any other US Constitution.

http://www.usconstitution.net/xconst_A1Sec8.html
Article 1 - The Legislative Branch
Section 8 - Powers of Congress


The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and General Welfare of the United States; but all

Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

To establish Post Offices and Post Roads;

To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;

To constitute Tribunals inferior to the supreme Court;

To define and punish Piracies and Felonies committed on the high Seas, and Offenses against the Law of Nations;

To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;

To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

To provide and maintain a Navy;

To make Rules for the Government and Regulation of the land and naval Forces;

To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;

To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States

respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;

To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the acceptance of Congress,

become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be,

for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings; And

To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United

States, or in any Department or Officer thereof.

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

What's behind a bid to shift dollars from the bullet train to water projects

The institute recommended that the state water board designate "an environmental water budget" for each river and allow local officials to implement it. But that wouldn't be possible under the proposed ballot measure.

"If you're down to your last 50 gallons," Huff asks, "would you give it to a person who's thirsty or a fish so it could migrate upstream? People should be No. 1, agriculture No. 2 because it's feeding people."

But many of our water-gulping farms — especially the nut orchards — are feeding people in Asia. Californians also like to eat fish. And on the coast, that puts food on the table for commercial fishermen.

A reminder: Agriculture uses 80% of California's developed water. Only 20% goes to urban use.

Agriculture thinks that has a bad ring. So it spins different figures: 50% of all California water goes to the environment, 40% to farms and 10% to cities. Same difference: Agriculture uses four times as much water as urban areas.

And "environmental use" includes every drop in the rivers. In normal years, that water isn't "wasted" to the sea. It repels salt and keeps our water supply fresh. It also flushes poisons out of bays, sustains the coastal fishing industry and allows Californians to enjoy some recreation.

This will be fought, HSR will be built, Republicans only care about money and Agriculture is Money. If you who live in California and are voters, want your plants to die from salt in the groundwater, then go ahead vote Yes on this measure, if it gets on the ballot, remember Humans aren't everything that needs fresh water, you can't drink salt water and for those that say the HSR money could go for Desal, it ain't happening, there is no provision for that, Republicans don't care about the ordinary person, you aren't RICH or a Large Corporation who pays for their Campaign Spending...

Also this does go back to the Water Wars of the 1850's, since it tries to take water rights away from everyone, except Big Agriculture.

Here's the text of the proposed Initiative, which has to get somewhere over 320,000 signatures from Registered Voters, the Bill begins by making a False statement, that the $9.95 Billion in Bonds was to be the total cost of HSR in California, that isn't and was never true, the Ballotpedia says the Estimate for HSR in California was $40 Billion and that the $9.95 Billion was and is only a Down payment that could only be used if there was matching money, then there is the more advanced technology, Hyperloop, which so far has not been shown to work in the real world, so there is no technology there, if Hyperloop is a technology, then so is Star Trek Transporters and so far Science has said that would violate the laws of physics and is impossible, then there is the lie that small Family Farms would be seized, aka Stolen, HSR would do no such thing, when offered compensation, these Farmers refused, so eminent domain is being used in some cases and that is settled law(money will be paid for the parts of the farms bought, the rest of the land stays with the Farmer, HSR does not need that much land), yet if a highway were to go thru cause developers wanted to build housing, they sell in a heartbeat, sounds hypocritical to Me, a lot of False Narratives to sell killing HSR for water that none of you will ever see a drop of, Big Agriculture and the California Republican Party want the water for themselves, you can drink Salt Water and your land will be effectively poisoned, while the CHSRA won't be able to do anything outside of plan for HSR and not build while still having a mandate to build with a New termination date of 2025, if HSR is not built by then, no more HSR in California, Republicans strike back, plus they get all bonds voted on in Prop52, even if they violate treaties, US Law, steals existing water rights, violates state laws, etc, etc, etc...

Prop52 wrote:

"Requires State Legislature approve use of revenue bonds for public infrastructure projects funded, owned, or operated by the state or any joint agency that includes the state, if the bond amount exceeds $2 billion and repayment requires new, increased, or extended taxes, fees, or other charges. Requires that legislatively approved projects be presented on statewide ballot for voter approval. Applies to previously approved projects if remaining bond amount exceeds $2 billion. Requires that specified project information for all state bonds be included in voter ballot pamphlet."

Fiscal impact statement:

(Note: The fiscal impact statement for a California ballot initiative authorized for circulation is jointly prepared by the state's Legislative Analyst and its Director of Finance.)

"Potential reduction in large-scale infrastructure projects funded by the issuance of revenue bonds."

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

This is a good thread. Makes me want to watch Chinatown, again.

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The mind is a weird and mysterious place

Here's something on HSR and the water initiatives, the legal text of both.

Termed out State Senator Huff and George Runner are actually sponsoring two Initiatives.
The first one is a constitutional initiative requiring 585,407 valid signatures to qualify for the ballot, and ties stopping HSR with diverting funds to water measures and is known or will be known as Prop 52.

https://drive.google.com/open?id=0B9m407yyFerMWXRiTEtLb2N2ZG8

Since this is going on the ballot, though a court fight could do anything, if one is launched and that is not impossible.

The second Initiative they are sponsoring is a statue initiative and will be known as “Stop the Train”, will only require 365,880 valid signatures.

https://drive.google.com/open?id=0B9m407yyFerMNjBLLWg2ODdPX2s

Now awaiting clearance from the Secretary of State to begin gathering signature, which should start around the beginning of Feb 2016.

It will be am interesting election in November 2016

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

As Vic says, California is Democrat and they voted to pass the bond for CHSR. Why are people afraid of another vote? Wouldn't that just confirm CHSR?

I think I might have an idea why. http://www.breitbart.com/california/2015/07/18/more-than-half-of-new-ca-drivers-licenses-go-to-illegal-immigrants/

“Of the 759,000 total licenses the DMV has issued, 397,000–or 52 percent–have gone to [illegals].”

The surge in illegal licensing is the result of AB 60–a California law that went into effect at the beginning of the year. The law allows applicants to get a license by “only [proving] their identity and California residency, rather than their legal presence in the state.”

http://www.pewresearch.org/fact-tank/2014/01/24/in-2014-latinos-will-surpass-whites-as-largest-racialethnic-group-in-california/

In 2014, Latinos will surpass whites as largest racial/ethnic group in California

Much to the chagrin of the democratic party, most of these now have the ID to vote, and they are extremely fiscal conservative. They are looking at:

Enough is enough. There is no water. There are no jobs. Many of them are farm workers or have farm workers in their family or got their start in California working on a farm. They are sensitive to the issue.

If the choice is water or CHSR, water wins. Some people see an unlimited supply of $$$$ in California taxes. But no jobs, no taxes. No water, no jobs! No water, no TAXES! Politicians of both parties aren't blind to that.

The amount of funds needed to solve California's water ills is on the order of ten fully funded CHSR projects. The diversion of these bonds will simply be the down payment on the total investment needed. Don't forget Governor Moonbeam is all for the Peripheral Canal and has vowed to get it built before he leaves office. He is suddenly going to have his funding source. All he will need is a paper saying the delta smelt will be fine and the canal will be built.

The issue is can people live and work in California. Without water the answer is no. It will be interesting to see how this plays out in the bevy of advertising this will unleash in this post Citizens United era. I can hardy imagine how much cash will flow in from consumers of agricultural products located outside California when they see their table threatened.

If you don't want the vote, don't sign the petition to put it on the ballot. I don't think they will have much problem getting the signatures though.

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Democrats and Independents who vote Democratic in California, Republicans are a shrinking, imploding and bankrupt minority party in California, yes I'm for HSR and so are 3 of My relatives who have ridden on HSR in France, which is the same type of HSR that is being built in California, just leave the HSR Bonds alone, stop attacking California State Government, our future depends on more than just water, if more water is diverted, Salty Ocean Water will enter the Delta, which no one sane wants, if one is selfish, go ahead vote yes, you can't drink Salt Water, cause that is all the 2 initiatives will get you...

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

Water Wins.

In '13 to '14, I went 14 months without a shower/bath. In '14 to '15, I've gone past a year without shower/bath.

Water has Much Better Uses.

Fook Speed Rail.

Love GOPTers. More We Shrink, Stronger We Become.

Wicked Witch of West is Shrinking.

Got WaterWorld?

Rand for Prez.


Yep.

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May we All have a METAMORPHOSIS. REASON. GOoD JUDGEMENT and LOVE and ORDER!!!!!

Did Vic just call Governor Moonbeam a Tea/republican for inventing the peripheral canal?

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Did Vic just call Governor Moonbeam a Tea/republican for inventing the peripheral canal?

No, that canal idea has been around for decades.

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

Did Vic just call Governor Moonbeam a Tea/republican for inventing the peripheral canal?

No, that canal idea has been around for decades.

Yes, Since Jerry Brown proposed it when he was Governor the first time.

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Did Vic just call Governor Moonbeam a Tea/republican for inventing the peripheral canal?

No, that canal idea has been around for decades.

Yes, Since Jerry Brown proposed it when he was Governor the first time.

I know that, also I did not call the Governor anything, you are just imagining things.

Everytime Gov Brown ran for Office I have voted for Him...

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

Zoom please watch these Doco's . As they will explain the GFC ( as you like to do it):-)

It also explains the Bond Markets and just how things are now the way they are you may think differently after watching them . Please watch all of the 5 part series the link I provide is the first so not shore if there are link's to the whole thing however it's called

The Ascent of Money

https://www.youtube.com/watch?v=fsrtB5lp60s

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Darth I said Interest rates are flat here in the US, as is inflation, I get an SSI check every month, in 2016 there will be no COLA(Cost Of Living Allocation), don't believe Me? Talk to the hand.

I know Bond interest is not the same, Bonds are sold and cashed in all the time, it's not a concern...

Ron Paul is wrong and a NUT, who needs to be in a straight jacket in a rubber room.

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

Sometimes it actually pays to look at a post . Don't know what Ron Paul has to do with the Doco as this is whom it's auther is

The Ascent of Money: A Financial History of the World is Harvard professor Niall Ferguson's tenth book, published in 2008,[1] and an adapted television documentary for Channel 4 (UK) and PBS (US),[2] which in 2009 won an International Emmy Award. It examines the long history of money, credit, and banking

Notice he's from Harvard !!!!

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Sorry that is what regulation is for, like Glass-Stegal or that Dodd-Frank law, state government in California as well as elsewhere uses loans and I gather bonds to even out the supply of tax money coming in from all sorts of various tax/fee sources, so there is an initiative(California Public Vote on Bonds Initiative (2016), Prop 52) out there that would enable a vote on Bonds(even ones that are not supported by taxes like General Obligation Bonds, which are mandated to be approved by the voters of California), which includes any voter and/or state legislature approved bond for any purpose, as long as the Bond is worth more than $2 Billion still, like Bonds for roads, schools, water, prison construction, bridges, local street and sidewalk repairs/repaving, HSR, light rail, commuter rail, freeway construction/maintenance(not for Interstates, that's paid by the Feds), buses, police and fire(vehicles, equipment and buildings), sewer and water facilities, etc, etc, etc, etc...

The far right crazies are putting everyone in danger with this wild scatter gun initiative, just to kill off bonds for HSR from 2008 and future Revenue Bonds to be used with Cap and Trade money to fund the continued construction of more HSR segments, like the Burbank to Palmdale segment (and maybe the Palmdale to Bakersfield segment, which would use mostly tunnels I've read) which is either half tunnels along the CA14 or nearly all tunnels under the mountains and under the National forest with TBM's(Tunnel Boring Machines), there are 4 alignments for the Burbank to Palmdale route being considered, any air/test shafts would also have to on or near paved roads according to the Forest Service. Test shafts are used to see what the rock types are at various locations along the tunnel alignment will be like, at least when the alignment is chosen.

If Bonds were canceled are under contract there would be a massive tax burden, since Contract law is not to be quibbled with, States in the US can not go bankrupt, it's not allowed at all, that's why Budgets have to be balanced, since each state has no state currency, nor are states allowed to make their own money(currency).

Since this concerns California and is in the USA, you need not concern yourself on this.

And no I'm not concerned with how the Bond Market operates, that's the job of the SEC(Securities and Exchange Commission), which right now is being urged to investigate Exxon/Mobil on matters concerning Climate Change by online petitions.


Image size: 976 x 494

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The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's

Zoom if your going to vote on something like the Bonds don't you think it's prudent you understand how it all works .

I've already said it's a good idea just not the way there going about raising the cash but if you wish to vote thinking the "leftys" or "Righty's" are conspiring to stop future Bonds then at least give yourself a chance at understanding it without all the political crap that goes on .

Make a informed decision and to be able to do that you should watch the doco .

And who else to teach you than a Harvard Professor or teacher and not some politician or what bit's you can find on Facebook , You tube or what you are told by the likes of me .

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Zoom if your going to vote on something like the Bonds don't you think it's prudent you understand how it all works .

I've already said it's a good idea just not the way there going about raising the cash but if you wish to vote thinking the "leftys" or "Righty's" are conspiring to stop future Bonds then at least give yourself a chance at understanding it without all the political crap that goes on .

Make a informed decision and to be able to do that you should watch the doco .

And who else to teach you than a Harvard Professor or teacher and not some politician or what bit's you can find on Facebook , You tube or what you are told by the likes of me .

Glenn, Vic doesn't want to know. He is very happy in his binary vision. Us or them. Us is good, them is bad. The issue and the proposal make no difference.

It would make his head explode to know that every time the democrats propose a project paid with bonds a republican banker makes a mint.

Very very few understand debt financing, those that do are infinitely better off.

Of course today the Chinese are buying US bonds, so they are also making a mint off the USA. Republicans who understand finance are a bit peeved at this and are trying hard to get spending under control so the Chinese don't have bonds to buy! All the more interesting as the Fed begins to raise rates next month.

I know we have wandered far from water or rail, but it is all interconnected as there is not an unlimited supply of money.

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