Jefferson County, Alabama narrowly avoids bond default
The banks, short on money as pretend money disappears, and the civilian governments, short on money as tax money (jobs and property value) disappears, are coming to a "holy shit" kind of moment. Unbelievable amounts of money is at stake. It's all very smiles and handshakes at the moment but my question is, who has the bigger guns? Will the banks bring in hired thugs, or, do they own the federal political machine (and hence, US troops)? Will state and local governments raise militias to fight off the bank mafioso?