Blog/Uncategorized
Posted Nov 14, 2013 by Martin Armstrong
A possible third California City, Desert Hot Springs, has announced that it may seek bankruptcy protection since it will run out of money come March. This would be the third city in that state along with San Bernardino and Stockton to seek court protection from creditors. This is how pensions will be renegotiated at the municipal level where they cannot just print money like the Feds.
Categories: Uncategorized
