$5.1 Trillion Bond Scam Will Crash Financial System, Ponzi Scheme of ‘Biblical Proportions’

by ITM Trading

 

Whistleblower Mitch Vexler just dropped a bombshell on the U.S. bond market. “They were inflating property values to jack up taxes,” he told Daniela Cambone, warning this scheme has fueled trillions in school bond debt. The number? A staggering $5.1 trillion. Local governments are addicted to the cash, but the debt rests on fake valuations.

Vexler warns when reality catches up, “there’s no way they can sustain these payments.” Translation: taxpayers are on the hook for a collapse in waiting. This isn’t just bad accounting—it’s systemic risk for the muni bond market, and the clock is ticking…

READ FULL ARTICLE HERE… (zerohedge.com)

 

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