Munibond Meltdown Coming to a State Near You!

SIC SEMPER TYRANNIS!!!
Mark Matheny
December 24, 2010

Municipal Bonds are in meltdown mode, and Warren Buffet warned last June that as long as the Government is willing to step in and buy Muni Bonds, they will be considered AAA - otherwise it is uncertain what will become of them. Many States are in financial trouble as we see the U.S., like the Titanic in icy waters with its bowel scraping the proverbial Iceberg of debt.


Peter Schiff  of Euro Pacific Capital Inc. has stated that soon it looks like the Federal Reserve will be buying Muni Bonds as well, increasing the amount of money printing they have already started, which will lead to a further devaluing of the U.S. Dollar, and more National Debt., higher commodity and food prices,etc.

Soon, as the States go into deep deficits without the ability to pay their bills, the Federal government will follow, and the Federal Reserve will then be forced to purchase Muni Bonds to keep the ship afloat.

The life preservers needed right now by Americans, are the ones they provide for themselves - eliminating any debt they have, and the purchasing of gold and silver to save their wealth.

The time to put on the lifejacket is now.