I’ve traveled around, to different places, I see a lot of businesses closed, boarded up, this MUST impact the local municipal treasuries with sales down. If it happens at the State Level, it has to show up sooner or later at the City Budget level. Hang on for a tough ride. I was with a group of 90 year old men, sitting for coffee at a senior citizen’s retirement home, they compared their Great Depression with the Obama Depression, they said we haven’t seen anything yet.
Sadly these 90 year old men know what they are talking about.
What is laughable is seeing people here on FR defending The Federal Reserve which is a private corporation owned by the banksters.