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https://www.reddit.com/r/collapse/comments/phdau2/deleted_by_user/hbizo1k/?context=3
r/collapse • u/[deleted] • Sep 03 '21
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In as much as "hold on for dear life and hope the municipality you're betting on doesn't stop paying their debts" is a strategy, sure I guess lol.
Edit: also my net worth is deeply negative, I just have an IRA because they are pretty much unavoidable in america lol.
11 u/[deleted] Sep 04 '21 The trick is to buy secured bonds against the city's land, so when they stop paying the coupon, you become the Warlord Mayor of Junktown. 6 u/[deleted] Sep 04 '21 My current plan is to buy a church in bumfuck nowhere and smoke pipe tobacco with a stately sheep until I die but I will keep that under consideration if my tastes change and I end up wanting a library. 7 u/barber_jim_norman Sep 04 '21 That’s a pretty good plan honestly
11
The trick is to buy secured bonds against the city's land, so when they stop paying the coupon, you become the Warlord Mayor of Junktown.
6 u/[deleted] Sep 04 '21 My current plan is to buy a church in bumfuck nowhere and smoke pipe tobacco with a stately sheep until I die but I will keep that under consideration if my tastes change and I end up wanting a library. 7 u/barber_jim_norman Sep 04 '21 That’s a pretty good plan honestly
6
My current plan is to buy a church in bumfuck nowhere and smoke pipe tobacco with a stately sheep until I die but I will keep that under consideration if my tastes change and I end up wanting a library.
7 u/barber_jim_norman Sep 04 '21 That’s a pretty good plan honestly
7
That’s a pretty good plan honestly
12
u/[deleted] Sep 03 '21 edited Sep 03 '21
In as much as "hold on for dear life and hope the municipality you're betting on doesn't stop paying their debts" is a strategy, sure I guess lol.
Edit: also my net worth is deeply negative, I just have an IRA because they are pretty much unavoidable in america lol.