JIM SINCLAIR: Muni Retirees Face 90% Loss Under Detroit’s Pending "Free-Fall" Bankruptcy

Muni Retirees Face 90% Loss Under Detroit’s Pending "Free-Fall" Bankruptcy

Posted July 18th, 2013 at 12:07 PM (CST) by Jim Sinclair & filed under General Editorial.

Dear CIGAs,

Iceland here we come with the departure of Bernanke.

The "2 Bs" are in our future – Bankruptcy and Bail-in. Therefore you must get out of the system.

2Bs means GOTS.

Jim,

If the Federal Government won’t bail out American Cities, does anyone think they’ll bail out citizens harboring their life savings in US banks?

The article below is courtesy of Zero Hedge.

CIGA Wolfgang Rech

Muni Retirees Face 90% Loss Under Detroit’s Pending "Free-Fall" Bankruptcy 07/18/2013

http://www.zerohedge.com/news/2013-07-18/muni-retirees-face-90-loss-under-detroits-pending-free-fall-bankruptcy