BREAKING: Birmingham city council declared itself bankrupt, with experts warning that others across the UK were now living “hand to mouth”.

The fiat debt bubble is bursting. Gradually, then suddenly. Prepare yourself.

https://www.theguardian.com/society/2023/sep/05/councils-in-england-in-crisis-as-birmingham-declares-itself-bankrupt?CMP=Share_iOSApp_Other

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There are other UK councils just behind also heading for bankruptcy