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Response To That Final Question:

Ignorance is the Bane of Man.
At a distance removed,
Dimly remembered, and
Still not seen distinct,
But yet somehow felt;
What we do sense
Is not reality; is not the Real Thing.
This World is hologram.
Then; for lucid sleep;
For it's just a dream
Within another dream
And we are not awake.

Seven Stars' Song of Revelation

Ignorance is a jail where no escape
Is possible but through knowledge.
Don't fear nor spurn. Dare to learn:

Assent to and accept this world as it is
Before attempting ascent to any world
Aspired to or wished for. Life's glorious!

That That Is can be known but by few.
Not space, not time, not gravity exists;
But as Extension from Field of Thought.

Be subject to neither church nor crown.

Dread naught. Disdain none: Not One!
Absent That That Is, there's Nothing.

That That Is, IS. That That's Not, IS, too.
That That's Not makes That That Is: IS.
That That Is makes That That's Not BE.

By rowing to That That Is, I become "I."
Wind + Water = Wave. As THOUGHT is
The Heart and The Nave of The Wheel.

Worlds are created from Thought alone.
That which we will do is because of that
What we are. We'll become who we are.

Charity, courtesy, civility, compassion,
Are cardinal spokes making civilization;
Chivalry forms center, hub's circle core.

IS is! Be not the slave of some other's I.
This, Creed of our Seven Stars Society;
This, The Teaching of the Seven Stars:

No man can be happy if he should choose
To be exile from his own nature and soul.

Precognitive Prescient Prophetic Poetry by WILLIAM O'CONNOR

Thursday, July 30, 2009

Prediction No. 15

Municipalities with unemployment rates above twenty-five percent shall be filing for Chapter 9 protection under the Bankruptcy Code. The problem such municipalities face is indebtedness on municipal bonds against which future tax receipts were pledged. Those receipts shall not be paid as most municipalities rely upon its property taxes for daily operational revenue. Property taxes are based upon assessments of value for structures. Any municipality that has experienced high unemployment has also experienced a corresponding decline in the valuations of property. In a municipality experiencing twenty-five percent unemployment, decline in its property values has been far more than fifty percent. It means a municipality can't pay non-discretionary expenses, such as the pensions and medial insurance premiums for its retirees, in addition to those interest payments due upon its debt obligations. Municipalities shall therefore begin filing for protection under the bankruptcy code, beginning with those cities and towns situated in Michigan (Detroit). Those cities and towns which had depended upon manufacturing and construction and mining as sources of income for residents shall eventually follow Detroit's example by filing for bankruptcy. For every position that is lost in manufacturing, or in construction, or in mining; there are seven positions lost in service related occupations. The US has over fifty thousand municipalities which issue obligations secured by future tax revenue from property tax receipts, totaling almost three trillion in municipal bonds. Most of the bonds are held in public pension plans for retiree benefits. When the municipalities fail so do the bonds of the municipalities and pensions holding the bonds.

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