Ultimate House of Cards: Hidden $5.1T Debt Bomb Will Dwarf 2008 Crisis

“We’re sitting on the ultimate house of cards,” warns developer Mitch Wexler, exposing what he calls a $5.1 trillion school bond Ponzi scheme propped up by inflated home values and taxpayer naivety. The grift? Municipal debt masked as “education funding,” securitized and sold on fantasy valuations.

Wexler paints the nightmare scenario—school districts seizing entire subdivisions as defaults spread. “By definition, that’s an act of war,” he says. When public institutions become predatory creditors, social order itself collapses. The fuse is lit. The only question left: who gets torched when the system finally implodes?

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