Detroit: An Austrian, a Marxist and Celente's Take

First, our Austrian economist buddy, Lew Rockwell, talks about the fact that Detroit is simply the first of many.  Think about that game played in our favorite parks, called: dominoes (forget the pizza chain ... they're solvent).  Unfortunately, Chicago and Baltimore are not, and that's the rub.  Ms. Whitney will eventually be vindicated, despite an unfortunate timing error.

http://www.youtube.com/watch?feature=player_detailpage&v=0aMenXmMuHw&t=162

[The interview with Mr. Rockwell starts at 3:15 in]

Then, there is the Marxist's take.  Capitalist failure?  Since when have we actually had capitalism in our modern plutocracy (hint: crony doesn't count)?

http://www.youtube.com/watch?v=rwJ7VmS7r3s&feature=c4-overview-vl&list=PLdaYcumF-5RqlcvcVJkOtnYkgJhzzsed_

[This one Sartre's at 2:30 in .. yes, we get all existentiall and stuff]]

Finally, we have Mr. Gerald Celente, who ventures out on a trend-forcasting limb[o?] and does, in fact, go all "dominoe."  Sorry, San "Whatever", CA.

http://www.youtube.com/watch?feature=player_detailpage&v=3MJs_fRE30U&t=161

[Click ahead to 2:40 to see the beginning (of the end) on this one]

Best,

Bob

(Twiter: EnglishPI)