Thread: Municipal bonds anyone?

Municipal bonds anyone?

Bizarrely, many retail investors are chasing "high" yields by investing in municipal bonds.

What are they smoking?

California, Nevada, Arizona, Illinois. New Jersey, New York, Florida, and more...they're all going broke.

And that's just the states. The same is going on in counties, cities, towns and that gaping black hole that no one ever talks about, public school districts.

As someone who's observed the operations of local governments in California and New York over the last fifteen years, this comes as no surprise.

The level of fraud, incompetence and sheer arrogance at this level of government is mind bending. It's been a "free lunch" for thousands (hundreds of thousands?) of crooks that would make even the Mafia blush for its audacity.

The chickens are finally come home to roost. Watch for massive financial fireworks in the next 12 months.


Banking industry collapse...real estate
market collapse...employment collapse...

We haven't seen anything yet.

The 30+ year Ponzi scheme fueled by
municipal bonds is about to (finally)
hit the wall in states from coast to coast.

Bizarrely, many investors are still convinced
that these bonds "can't fail."

Here's some info that might get the
crack pipe out of their mouths.

Video:

http://www.realecontv.com/videos/govern ... lapse.html


Kathyet

Muni bonds are a train wreck .. you think your in a world of shit now ... stick around