FSN: Syracuse New York Headed For Bankruptcy, 100% Certain

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

by Mike Shedlock
MISH’S Global Economic Trend Analysis

Without a doubt Syracuse, New York is headed for bankruptcy. Not only is there an “official denial” but the mayor of Syracuse is seeking legal guidance on municipal bankruptcy.

Once again, public union wages and benefits, especially police and firefighters’ pensions are smack in the midst of it.

Please consider this news headline which I openly mock: Expert says bankruptcy for Syracuse is unlikely, but mayor should explore option

While the financial situation in the city of Syracuse hasn’t been described as desperate yet, Mayor Stephanie Miner has asked for some legal expertise on municipal bankruptcy.

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