Collapse Is Happening, Cities Can't Sell Their Muni Bonds.

Muni Bonds are issued when Cities need to borrow money to build infrastructure, schools. hospitals, etc.. It's gotten so bad, that cities are now borrowing money to pay for the money they've already borrowed. But now, they've come to a point where they can't borrow any more, which will cause massive nationwide govt collapse...



via Before It's News | Popular NEWS http://beforeitsnews.com/economy/2013/06/collapse-is-happening-cities-cant-sell-their-muni-bonds-2532244.html