{"id":37571,"date":"2025-09-08T09:01:13","date_gmt":"2025-09-08T16:01:13","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=37571"},"modified":"2025-09-08T09:03:49","modified_gmt":"2025-09-08T16:03:49","slug":"property-tax-fraud-bond-scam","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/property-tax-fraud-bond-scam\/","title":{"rendered":"$17 Trillion Risk Behind Property Tax Ponzi Scheme Will Create Great Depression 2.0"},"content":{"rendered":"<p data-start=\"574\" data-end=\"663\">\u201cYou don&#8217;t know who your bank is in bed with,\u201d says Mitch Vexler, whistleblower and expert on property valuations. In this second interview with Daniela Cambone, Vexler explains how inflated property appraisals fuel massive school bond debt and overtax communities. \u201cMathematically, there are $5.1 trillion in school bonds that are already outstanding,\u201d he says. \u201cIf you add in what\u2019s hidden, the exposure could be as high as $17.1 trillion.\u201d Vexler also warns of fallout spreading far beyond homeowners: \u201cSo you end up in the exact same position where I wouldn&#8217;t quite call it 70% credit risk, but I would certainly call it close to 50 to 60% credit risk with regard to your retail tenants.\u201d<br \/>\n<strong data-start=\"574\" data-end=\"661\"><br \/>\nWhat if the very system funding your local schools was engineered to rob you blind?<\/strong><\/p>\n<p data-start=\"665\" data-end=\"1041\">Real estate developer Mitch Wexler has pulled back the curtain on what he calls the largest <strong data-start=\"757\" data-end=\"795\">property tax fraud in U.S. history<\/strong>\u2014a scheme tied to <strong data-start=\"813\" data-end=\"850\">$5.1 trillion in fraudulent bonds<\/strong>. At stake? Not just inflated property taxes, but a systemic threat that could wipe out household wealth, crush mom-and-pop businesses, and trigger a financial collapse far worse than 2008.<\/p>\n<p data-start=\"1043\" data-end=\"1156\">And this isn\u2019t just a Texas problem. From <strong data-start=\"1085\" data-end=\"1108\">Canada to Australia<\/strong>, taxpayers are waking up to the same pattern.<\/p>\n<hr data-start=\"1158\" data-end=\"1161\" \/>\n<h2 data-start=\"1163\" data-end=\"1200\">A Debt Spiral That Can\u2019t Be Paid<\/h2>\n<ul data-start=\"1201\" data-end=\"1484\">\n<li data-start=\"1201\" data-end=\"1284\">\n<p data-start=\"1203\" data-end=\"1284\">In 2008, U.S. GDP stood at $14.7 trillion with a national debt of $10 trillion.<\/p>\n<\/li>\n<li data-start=\"1285\" data-end=\"1381\">\n<p data-start=\"1287\" data-end=\"1381\">Today, GDP is $27 trillion, but debt has ballooned to <strong data-start=\"1341\" data-end=\"1357\">$37 trillion<\/strong>\u2014tripling in 17 years.<\/p>\n<\/li>\n<li data-start=\"1382\" data-end=\"1484\">\n<p data-start=\"1384\" data-end=\"1484\">By Mitch\u2019s calculations, the math aligns with the <strong data-start=\"1434\" data-end=\"1448\">Rule of 72<\/strong>: debt doubling every 12\u201315 years.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1486\" data-end=\"1510\">That trajectory means:<\/p>\n<ul data-start=\"1511\" data-end=\"1649\">\n<li data-start=\"1511\" data-end=\"1571\">\n<p data-start=\"1513\" data-end=\"1571\">A potential <strong data-start=\"1525\" data-end=\"1548\">30% GDP contraction<\/strong> if debt isn\u2019t capped<\/p>\n<\/li>\n<li data-start=\"1572\" data-end=\"1649\">\n<p data-start=\"1574\" data-end=\"1649\"><strong data-start=\"1574\" data-end=\"1600\">Unemployment at 23\u201335%<\/strong>, rivaling or exceeding Great Depression levels<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1651\" data-end=\"1732\">The underlying issue: <strong data-start=\"1673\" data-end=\"1730\">household income doesn\u2019t exist to pay this debt down.<\/strong><\/p>\n<hr data-start=\"1734\" data-end=\"1737\" \/>\n<h2 data-start=\"1739\" data-end=\"1775\">How the Property Tax Scam Works<\/h2>\n<p data-start=\"1776\" data-end=\"1802\">Wexler\u2019s evidence shows:<\/p>\n<ol data-start=\"1803\" data-end=\"2145\">\n<li data-start=\"1803\" data-end=\"1875\">\n<p data-start=\"1806\" data-end=\"1875\"><strong data-start=\"1806\" data-end=\"1838\">School districts issue bonds<\/strong> with no bids, specs, or oversight.<\/p>\n<\/li>\n<li data-start=\"1876\" data-end=\"1969\">\n<p data-start=\"1879\" data-end=\"1969\"><strong data-start=\"1879\" data-end=\"1917\">Central appraisal districts (CADs)<\/strong> inflate property values, generating higher taxes.<\/p>\n<\/li>\n<li data-start=\"1970\" data-end=\"2061\">\n<p data-start=\"1973\" data-end=\"2061\"><strong data-start=\"1973\" data-end=\"2023\">Underwriters rubber-stamp fraudulent documents<\/strong>, concealing risks from bond buyers.<\/p>\n<\/li>\n<li data-start=\"2062\" data-end=\"2145\">\n<p data-start=\"2065\" data-end=\"2145\"><strong data-start=\"2065\" data-end=\"2113\">Homeowners and small businesses eat the cost<\/strong> via inflated taxes and rents.<\/p>\n<\/li>\n<\/ol>\n<p data-start=\"2147\" data-end=\"2265\">This isn\u2019t a glitch. It\u2019s a <strong data-start=\"2175\" data-end=\"2191\">Ponzi scheme<\/strong>: raise new bonds to pay interest on old ones until the system implodes.<\/p>\n<hr data-start=\"2267\" data-end=\"2270\" \/>\n<h2 data-start=\"2272\" data-end=\"2326\">The Domino Effect on Real Estate &amp; Small Business<\/h2>\n<ul data-start=\"2327\" data-end=\"2632\">\n<li data-start=\"2327\" data-end=\"2413\">\n<p data-start=\"2329\" data-end=\"2413\">Multifamily housing: <strong data-start=\"2350\" data-end=\"2376\">70% tenant credit risk<\/strong>\u2014renters can\u2019t afford market rates.<\/p>\n<\/li>\n<li data-start=\"2414\" data-end=\"2511\">\n<p data-start=\"2416\" data-end=\"2511\">Retail: <strong data-start=\"2424\" data-end=\"2447\">50\u201360% default risk<\/strong> for mom-and-pop shops squeezed by rising \u201ctriple net\u201d leases.<\/p>\n<\/li>\n<li data-start=\"2512\" data-end=\"2632\">\n<p data-start=\"2514\" data-end=\"2632\">Commercial mortgages: delinquency on office-backed securities surged to <strong data-start=\"2586\" data-end=\"2605\">11.7% in August<\/strong>, the highest since 2008.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2634\" data-end=\"2736\">The result? <strong data-start=\"2646\" data-end=\"2684\">5,000+ retailers shuttered in 2023<\/strong>. In California alone, <strong data-start=\"2707\" data-end=\"2733\">6,300 restaurants gone<\/strong>.<\/p>\n<p data-start=\"2738\" data-end=\"2878\">As Mitch warns: \u201cYou cannot get blood out of a stone. If median household income doesn\u2019t support these taxes, the entire system is fraud.\u201d<\/p>\n<hr data-start=\"2880\" data-end=\"2883\" \/>\n<h2 data-start=\"2885\" data-end=\"2919\">Why This Is Bigger Than Texas<\/h2>\n<ul data-start=\"2920\" data-end=\"3198\">\n<li data-start=\"2920\" data-end=\"2998\">\n<p data-start=\"2922\" data-end=\"2998\">Fraudulent bond practices are tied to <strong data-start=\"2960\" data-end=\"2980\">USEPAP standards<\/strong>, used globally.<\/p>\n<\/li>\n<li data-start=\"2999\" data-end=\"3084\">\n<p data-start=\"3001\" data-end=\"3084\">Evidence of similar schemes is surfacing in <strong data-start=\"3045\" data-end=\"3081\">Ohio, New Zealand, and Australia<\/strong>.<\/p>\n<\/li>\n<li data-start=\"3085\" data-end=\"3198\">\n<p data-start=\"3087\" data-end=\"3198\">Wexler estimates the fraud could run as high as <strong data-start=\"3135\" data-end=\"3151\">$17 trillion<\/strong> once off-balance-sheet financing is exposed.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3200\" data-end=\"3278\">This isn\u2019t local mismanagement\u2014it\u2019s a <strong data-start=\"3238\" data-end=\"3257\">systemic cancer<\/strong> in global finance.<\/p>\n<hr data-start=\"3280\" data-end=\"3283\" \/>\n<h2 data-start=\"3285\" data-end=\"3324\">Gold &amp; Silver: The Only True Floor<\/h2>\n<p data-start=\"3325\" data-end=\"3408\">When trust in <strong data-start=\"3339\" data-end=\"3371\">bonds, banks, and the dollar<\/strong> evaporates, where can wealth hide?<\/p>\n<ul data-start=\"3410\" data-end=\"3579\">\n<li data-start=\"3410\" data-end=\"3465\">\n<p data-start=\"3412\" data-end=\"3465\">Real estate? Tied up in taxes, debt, and bank risk.<\/p>\n<\/li>\n<li data-start=\"3466\" data-end=\"3518\">\n<p data-start=\"3468\" data-end=\"3518\">Stocks? Volatile and dependent on Fed liquidity.<\/p>\n<\/li>\n<li data-start=\"3519\" data-end=\"3579\">\n<p data-start=\"3521\" data-end=\"3579\">Cash? Corroded by inflation and third-party credit risk.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3581\" data-end=\"3624\">That leaves <strong data-start=\"3593\" data-end=\"3621\">physical gold and silver<\/strong>:<\/p>\n<ul data-start=\"3625\" data-end=\"3795\">\n<li data-start=\"3625\" data-end=\"3679\">\n<p data-start=\"3627\" data-end=\"3679\"><strong data-start=\"3627\" data-end=\"3650\">Wealth preservation<\/strong> when paper assets collapse<\/p>\n<\/li>\n<li data-start=\"3680\" data-end=\"3744\">\n<p data-start=\"3682\" data-end=\"3744\"><strong data-start=\"3682\" data-end=\"3701\">Tangible assets<\/strong> outside government and bank manipulation<\/p>\n<\/li>\n<li data-start=\"3745\" data-end=\"3795\">\n<p data-start=\"3747\" data-end=\"3795\">The proven <strong data-start=\"3758\" data-end=\"3777\">inflation hedge<\/strong> for 5,000 years<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3797\" data-end=\"3915\">As one viewer put it: <em data-start=\"3819\" data-end=\"3913\">\u201cWexler made the most compelling point for owning gold\u2014without even mentioning it directly.\u201d<\/em><\/p>\n<hr data-start=\"3917\" data-end=\"3920\" \/>\n<h2 data-start=\"3922\" data-end=\"3937\">Conclusion<\/h2>\n<p data-start=\"3938\" data-end=\"4218\">The <strong data-start=\"3942\" data-end=\"3978\">$5.1 trillion property tax fraud<\/strong> isn\u2019t just about overcharging homeowners\u2014it\u2019s the weak seam in a financial system already buckling under $37 trillion in U.S. debt. If ignored, this Ponzi scheme could trigger cascading defaults, mass unemployment, and systemic collapse.<\/p>\n<p data-start=\"4220\" data-end=\"4412\">And while politicians drag their feet, individuals must decide how to shield their wealth. History shows that when paper promises fail, <strong data-start=\"4356\" data-end=\"4410\">gold and silver stand as the last line of defense.<\/strong><\/p>\n<hr data-start=\"4414\" data-end=\"4417\" \/>\n<h2 data-start=\"4419\" data-end=\"4441\">About ITM Trading<\/h2>\n<p data-start=\"4442\" data-end=\"4685\">ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today\u2019s economic threats.<\/p>\n<p data-start=\"4687\" data-end=\"4867\"><strong data-start=\"4687\" data-end=\"4731\">THINKING ABOUT PURCHASING GOLD &amp; SILVER?<\/strong><br data-start=\"4731\" data-end=\"4734\" \/>Get expert guidance from our team of analysts with 28+ years of experience.<br data-start=\"4809\" data-end=\"4812\" \/>&#x1f449; [<a href=\"https:\/\/calendly.com\/itmtrading\/500?utm_content=DC05052025\" target=\"_blank\" rel=\"noopener\">SCHEDULE YOUR CALL HERE<\/a>] or call <strong data-start=\"4849\" data-end=\"4865\">866-706-9061<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cYou don&#8217;t know who your bank is in bed with,\u201d says Mitch Vexler, whistleblower and expert on property valuations. In this [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":37573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2922],"tags":[4215,6995,7074,7075,7076,7077,7078,7079,7080,7081,7082,7083,7084,7085,7086,7087,7088],"class_list":["post-37571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daniela-cambone-show","tag-daniela-cambone-interview","tag-mitch-vexler-whistleblower","tag-17-trillion-debt-risk","tag-property-tax-ponzi-scheme","tag-inflated-property-appraisals","tag-school-bond-debt-crisis","tag-municipal-bond-collapse","tag-great-depression-2-0-warning","tag-cad-overvaluation-issues","tag-commercial-mortgage-backed-securities-delinquency","tag-underwriter-fraud-exposure","tag-u-s-credit-risk-rising","tag-retail-tenant-risks","tag-ponzi-scheme-explained","tag-precious-metals-safe-haven","tag-financial-collapse-concerns","tag-supreme-court-tax-challenges"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=37571"}],"version-history":[{"count":3,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37571\/revisions"}],"predecessor-version":[{"id":37576,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/37571\/revisions\/37576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/37573"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=37571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=37571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=37571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}