Local government collapse

Municipal bonds anyone?
http://www.realecontv.com/videos/government-corruption/local-government-collapse.html

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.

Watch video: http://www.realecontv.com/videos/government-corruption/local-government-collapse.html


Love Always
mudra

That was good info thank you. I watched the original at:
http://www.cbsnews.com/video/watch/?id=7166293n

Thank You metaw

Love from me
mudra

It's up to us ...

https://www.youtube.com/user/flaskofcoffee#p/u/0/mbHIkLRCWi4

Love Always
mudra

We had a local farmers co-opertative that was in tough financial shape, and offered high yielding bonds to its members. Yep you guessed it they lost all of their investments when the co-op went broke. Some people are their own worst enemy!