Vallejo has been in bankruptcy since 2008, and nearby Antioch may join it soon. Many other cities in the U.S. are on the brink of bankruptcy, which is usually the last resort after trying everything else. Money supply is crashing like it did during the Great Depression; Feds are in a panic. Headlines calling for $36,000/ounce gold are typical of a top. Markets are pointed down, even if a counter-trend rally takes shape next week.
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