This page has been archived and commenting is disabled.
Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit
Submitted by Michael Snyder of The Economic Collapse blog,
Eventually the money runs out. Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on $2.5 billion of unsecured debt, but those who visit my site on a regular basis were probably not too surprised. Anyone with half a brain and a calculator could see this coming from a mile away. But people kept foolishly lending money to the city of Detroit, and now many of them are going to get hit really hard.
Detroit Emergency Manager Kevyn Orr has submitted a proposal that would pay unsecured creditors about 10 cents on the dollar. Similar haircuts would be made to underfunded pension and health benefits for retirees. Orr is hoping that the creditors and the unions that he will be negotiating with will accept this package, but he concedes that there is still a "50-50 chance" that the city of Detroit will be forced to formally file for bankruptcy.
But what Detroit is facing is not really that unique. In fact, Detroit is a perfect example of what the future of America is going to look like. We live in a nation that is rotting, decaying, drowning in debt and racing toward insolvency. Already there are dozens of other cities across the nation that are poverty-ridden, crime-infested hellholes just like Detroit is, and hundreds of other communities are rapidly heading in that direction. So don't look down on Detroit. They just got there before the rest of us.
The following are some facts about Detroit that are absolutely mind-blowing...
1 - Detroit was once the fourth-largest city in the United States, and in 1960 Detroit had the highest per-capita income in the entire nation.
2 - Over the past 60 years, the population of Detroit has fallen by 63 percent.
3 - At this point, approximately 40 percent of all the streetlights in the city don't work.
4 - Some ambulances in the city of Detroit have been used for so long that they have more than 250,000 miles on them.
5 - 210 of the 317 public parks in the city of Detroit have been permanently closed down.
6 - According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.
7 - Approximately one-third of Detroit's 140 square miles is either vacant or derelict.
8 - Less than half of the residents of Detroit over the age of 16 are working at this point.
9 - If you can believe it, 60 percent of all children in the city of Detroit are living in poverty.
10 - According to one very shocking report, 47 percent of the residents of Detroit are functionally illiterate.
11 - Today, police solve less than 10 percent of the crimes that are committed in Detroit.
12 - Ten years ago, there were approximately 5,000 police officers in the city of Detroit. Today, there are only about 2,500 and another 100 are scheduled to be eliminated from the force soon.
13 - Due to budget cutbacks, most police stations in Detroit are now closed to the public for 16 hours a day.
14 - The murder rate in Detroit is 11 times higher than it is in New York City.
15 - Crime has gotten so bad in Detroit that even the police are telling people to "enter Detroit at your own risk".
16 - Right now, the city of Detroit is facing $20 billion in debt and unfunded liabilities. That breaks down to more than $25,000 per resident.
As Detroit Emergency Manager Kevyn Orr noted last week, it took a very long time for Detroit to get into this condition...
“What the average Detroiter needs to understand is that where we are right now is a culmination of years and years and years of kicking the can down the road,” said Orr, adding that his proposal should not be seen as a “hostile act” but as a step in the right direction.
Does that sound familiar?
It should.
U.S. politicians have also been kicking the can down the road for "years and years and years".
But eventually you can't kick the can down the road anymore.
Sometimes it is helpful to step back and look at what we have done to ourselves over the past several decades.
For example, back in 1980 the U.S. national debt was less than one trillion dollars. Today, it is rapidly approaching 17 trillion dollars.
And our debt binge has greatly accelerated under Barack Obama.
During Barack Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
Isn't that insane?
In fact, if you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off.
The following are a lot more facts about our exploding national debt from one of my previous articles entitled "55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know"...
#1 While Barack Obama has been president, the U.S. government has spent about 11 dollars for every 7 dollars of revenue that it has actually brought in.
#2 During the fiscal year that just ended, the U.S. government took in 2.449 trillion dollars but it spent 3.538 trillion dollars.
#3 During fiscal year 2011, over a trillion dollars of government money was spent on 83 different welfare programs, and those numbers do not even include Social Security or Medicare.
#4 Over the past four years, welfare spending has increased by 32 percent. In inflation-adjusted dollars, spending on those programs has risen by 378 percent over the past 30 years. At this point, more than 100 million Americans are enrolled in at least one welfare program run by the federal government. Once again, these figures do not even include Social Security or Medicare.
#5 Over the past year, the number of Americans getting a free cell phone from the federal government has grown by 43 percent. Now more than 16 million Americans are enjoying what has come to be known as an "Obamaphone".
#6 When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now, 47 million Americans are on food stamps. And this has happened during what Obama refers to as "an economic recovery".
#7 The U.S. government recently spent 27 million dollars on pottery classes in Morocco.
#8 The U.S. Department of Agriculture recently spent $300,000 to encourage Americans to eat caviar at a time when more families than ever are having a really hard time just trying to put any food on the table at all.
#9 During 2012, the National Science Foundation spent $516,000 to support the creation of a video game called "Prom Week", which apparently simulates "all the social interactions of the event."
#10 The U.S. Department of Agriculture gave the largest snack food maker in the world (PepsiCo Inc.) a total of 1.3 million dollars in corporate welfare that was used to help build "a Greek yogurt factory in New York."
#11 The National Science Foundation recently gave researchers at Purdue University $350,000. They used part of that money to help fund a study that discovered that if golfers imagine that a hole is bigger it will help them with their putting.
#12 If you can believe it, $10,000 from the federal government was actually used to purchase talking urinal cakes up in Michigan.
#13 The National Science Foundation recently gave a whopping $697,177 to a New York City-based theater company to produce a musical about climate change.
#14 The National Institutes of Health recently gave $666,905 to a group of researchers that is studying the benefits of watching reruns on television.
#15 The National Science Foundation has given 1.2 million dollars to a team of "scientists" that is spending part of that money on a study that is seeking to determine whether elderly Americans would benefit from playing World of Warcraft or not.
#16 The National Institutes of Health recently gave $548,731 to a team of researchers that concluded that those that drink heavily in their thirties also tend to feel more immature.
#17 The National Science Foundation recently spent $30,000 on a study to determine if "gaydar" actually exists. This is the conclusion that the researchers reached at the end of the study...
"Gaydar is indeed real and… its accuracy is driven by sensitivity to individual facial features"
#18 Back in 2011, the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.
#19 The U.S. government spends more on the military than China, Russia, Japan, India, and the rest of NATO combined. In fact, the United States accounts for 41.0% of all military spending on the planet. China is next with only 8.2%.
#20 In a previous article, I noted that close to 500,000 federal employees now make at least $100,000 a year.
#21 In 2006, only 12 percent of all federal workers made $100,000 or more per year. Now, approximately 22 percent of all federal workers do.
#22 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.
#23 During 2010, the average federal employee in the Washington D.C. area received total compensation worth more than $126,000.
#24 The U.S. Department of Defense had just nine civilians earning $170,000 or more back in 2005. When Barack Obama became president, the U.S. Department of Defense had 214 civilians earning $170,000 or more. By June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.
#25 During 2010, compensation for federal employees came to a grand total of approximately 447 billion dollars.
#26 If you can believe it, close to 15,000 retired federal employees are currently collecting federal pensions for life worth at least $100,000 annually. That list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.
#27 During 2010, the federal government spent $33,387 on the hair care needs of U.S. Senators.
#28 During 2010, U.S. Senators pulled $72,370 out of the "Senate Restaurant Fund".
#29 During 2010, an average of $4,005,900 of U.S. taxpayer money was spent on "personal" and "office" expenses per Senator.
#30 In 2013, 3.7 million dollars will be spent to support the lavish lifestyles of former presidents such as George W. Bush and Bill Clinton.
#31 During 2011, the federal government spent a total of 1.4 BILLION dollars just on the Obamas.
#32 When you combine all federal government spending, all state government spending and all local government spending, it comes to approximately 41 percent of U.S. GDP. But don't worry, all of our politicians insist that this is not socialism.
#33 As I have written about previously, less than 30 percent of all Americans lived in a home where at least one person received financial assistance from the federal government back in 1983. Today, that number is sitting at an all-time high of 49 percent.
#34 Back in 1990, the federal government accounted for just 32 percent of all health care spending in America. This year, it is being projected that the federal government will account for more than 50 percent of all health care spending in the United States.
#35 The number of Americans on Medicaid soared from 34 million in 2000 to 54 million in 2011, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#36 In one of my previous articles, I discussed how it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
#37 If you can believe it, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately $328,404 for each and every household in the United States.
#38 In the United States today, more than 61 million Americans receive some form of Social Security benefits. By 2035, that number is projected to soar to a whopping 91 million.
#39 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.
#40 When Barack Obama first took office, the U.S. national debt was about 10.6 trillion dollars. Now it is about 16.7 trillion dollars. That is an increase of 6.1 trillion dollars in a little more than 4 years.
#41 The federal government has now run a budget deficit of more than a trillion dollars for four years in a row.
#42 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.
#43 If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.
#44 Some suggest that "taxing the rich" is the answer. Well, if Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.
#45 If the federal government used GAAP accounting standards like publicly traded corporations do, the real federal budget deficit for 2011 would have been 5 trillion dollars instead of 1.3 trillion dollars.
#46 The United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.
#47 At this point, the United States government is responsible for more than a third of all the government debt in the entire world.
#48 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.
#49 Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period.
#50 The U.S. national debt is now more than 37 times larger than it was when Richard Nixon took us off the gold standard.
#51 The U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created.
#52 The U.S. national debt jumped more on the very first day of fiscal year 2013 than it did from 1776 to 1941 combined.
#53 Historically, the interest rate on 10 year U.S. Treasuries has averaged 6.68 percent. If the average interest rate on U.S. government debt rose to that level today, the U.S. government would find itself spending more than a trillion dollars per year just on interest on the national debt.
#54 A recently revised IMF policy paper entitled “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” projects that U.S. government debt will rise to about 400 percent of GDP by the year 2050.
#55 Boston University economist Laurence Kotlikoff is warning that the U.S. government is facing a gigantic tsunami of unfunded liabilities in the coming years that we are counting on our children and our grandchildren to pay. Kotlikoff speaks of a "fiscal gap" which he defines as "the present value difference between projected future spending and revenue". His calculations have led him to the conclusion that the federal government is facing a fiscal gap of 222 trillion dollars in the years ahead.
Please share this article with as many people as you can. We are in the process of committing national financial suicide and time is rapidly running out to do anything about it.
Just like Detroit, a day is rapidly approaching when America will not be able to kick the can down the road anymore.
Sadly, our politicians don't seem inclined to do anything about it and most of the population seems to think that our exploding national debt is not a significant problem.
By the time it becomes clear how wrong they were, it will be far too late to do anything about it.
»
- 73111 reads
- Printer-friendly version
- Send to friend
- advertisements -
Oh good, I'm not alone in wishing Philly would fall to the center of the earth and be consumed by a conflagration of molten rock. Filthydelphia is the armpit of Pennsylvania.
With Baltimore not very far behind....
"#18 Back in 2011, the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop."
rotflmfao......this irresponsibility is the direct result of the imbicilic american.....he is it coming to him including the poop.
http://quickfacts.census.gov/qfd/states/26/2622000.html
Detroit:
White people 10.6%
Black people 82.7%
Asian people 1.1%
Guess no one looks at the obvious.
Just relocate the Syrian 'refugees' there. They'll get along fabulously... like a house on fire.
They're just the 60,000 re-branded African workers* that Israel is relocating to an "undisclosed" country.
The migration path looks like this: African workers --> Israel --> Syria --> EU, USA
* reference: http://www.miamiherald.com/2013/06/03/3430281/israel-to-send-african-mig...
BTW, those aren't 'residents', 'illegal immigrants', 'migrant workers' or 'refugees' according to Netanyahu. They are 'infiltrators'.
Its all in the lingo, apparently. IMO its not immigration thats the problem, but allowing large groups from one country to immigrate en masse (i.e. this particular type of uncontrolled immigration) does nothing to encourage assimilation. Look at NY when it had the large numbers of Italian and Irish immigrants. It was ultimately good for the country, but the two groups stuck to their own and were confrontational, for a long time.
Broken link
ummm, the Tea Party and economists left & right have been saying this for years/decades. But Dumbass Americans keep electing the party of BIG gov't (DemonRats).
The only sweet irony is that the youngsters who blindly follow their chosen ONE will bear the brunt of socialisms misery. And as the country spirals downward, their shrill attacks on the RIGHT will only intensify. This is still all Bush's fault dontchano.
Glad we have proactive Americans like you at the ready to help out.
http://www.youtube.com/watch?v=z8HWFdYDFgg
De-troit is a story about Negroes, an unbroken line of democrat mayors, block grants and model cities programs. Like M. Friedman said, "If the gubmint was in charge of the Sahara Desert, a shortage of sand would arise." When black folks, unions and Dems start rolling, whitey heads for the exits. Voila! A democratic plantation. Bull doze it and let Mother Nature reclaim it. Stay out of Amerikan cities. This show is coming to your town.
when i first heard of the NAACP my intelect quickly it translated to: N(slang) Are ALWAYS Com Plaining. the emphasis is on ALWAYS cause it ain't all black folk, just jesse jackson types...plenty of dum fuck whitey in DEEE Troit as well.
Blacks moved into Michigan to leave the repressive South and for job opportunities. Michigan used to make cars and now that's ending, so like booming towns along the train routes, or Route 66, or gold mining towns from decades ago, Michigan cities are collapsing. Black people, unions, and Democrats did not cause this, rather technological advancement is. We'll see the same thing happen to Silicon Valley 50 years from now.
Detroit is the first casualty of the Republicans mantra of "Free Trade".
The Demoncraps & the unions have now signed-on to the ideology by agreeing to amnesty that would eventually allow them to ban secret ballot union voting.
Those of you who are still in favor of this economic suicide need to reprogram yourselves and take a good long look at the historical results.
Personal income taxes were used to replace the tariffs that our founders used to build and maintain our infrastructure. Multi-national corporations have made out like robber barons of old by transferring the tax burdens of importing and exporting onto the backs of the producing middle class. While at the same time exporting all of the good paying manufacturing jobs to the other side of the world.
How stupid have we been to have fallen for this bankster/multi-national scam.
Communist and Mafia controlled unions increased the cost of labor to the point that it has become cheaper to manufacture most products on the other side of the world and ship to America.
The manufacturer a couple miles away can't compete with the slave labor driven manufacturer 12,000 miles and an ocean away.
This could go on and on and on and on, ad infinitum.
We have been deceived by the NWO bankster elites and our corrupted politicians. Every politician in D.C. should be should be hanging from a light pole by the neck......no questions asked. They have all participated in the destruction of our country.........ever Godamned one of them.
STARVE THE BEAST!!!
no, blacks being manipulated by "compassionate" liberals caused this shit. And unions making shitty cars caused this shit.
"Back in 2011, the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop."
They could have just observed a DNC Stratagy Meeting, as a bonus they could have discovered why dogs eat shit by observing a Republican Executive Comittee Meeting
Can we start a ZH office Dead Pool, if Obozo is chosen as Queen of America I say Chicago is last man standing. Everything will be sacraficed to save the Blustering Butthole of The Midwest.
10% is a higher crime-solved rate than the fbi and doj combined. Enter Wall Street at your own risk.
The daily "engulfing" candle from Friday s"uggests" a sell order below the closing candle. I personally disagree,,
I made my comment perfectlly clear.
"Eventually the money runs out." Should be "Eventually other people's money runs out."
And those US politicians kicking the can down the road you mention are really the thieves and murderers, along with the banksters, that stole the American people into this mess in te first place.
I'm long guillotines.
The Four Rs
Rejection--No pay, no obey.
Revolution--They're preparing for it, you should be as well.
Retribution--Is there really any place for the likes of Bush Jr. in a restored Constitutional and civil society?!
Restoration--restore the Constitutional republic.
Personally, I can't wait to see the 21st-century Magna Carta that will (I have to believe) be written after the Great Reset, when we (the 'west') are back on the way up.
I only hope I live long enough to see it. Have to wait until some 'leaders' emerge who are not criminals themselves, to compose and sign the thing though. Men and women of proven character and experience, preferably who have very little need for so-called 'political office'. May take awhile but I'm sure we'll be able to find a few. One way we'll know them, is they won't hesitate to call this generation's 'leadership' treasonous, by name, and treat them accordingly all in public.
I have every confidence we'll be paying a lot more attention to the 'retribution' aspect of a revised rights code, this time around...and by then, we'll probably have had a bit of practice figuring out and testing the most efficient means of retribution too.
At least Detroit isn't disguising the fact it is the first 'post industrurial' city. Europe on the other hand is actually building Potemkin Villages to cover up their catastrophic economic collapse:
The full IMF paper can be gotten here without paying up to SCRIBD http://www.imf.org/external/pubs/ft/wp/2011/wp1172.pdf
Where in the heck is AKAK?
I was wondering that too. Miss that li'l sweetie.
The revelations lately are sorely lacking that pinch of AKAK spice.
When SHTF and everything goes south, I hope we get to take out all these worthless fucks with IRS, NSA, SEC, FedRes and fucking beat them to bloody pulps. Goes double for the fucks at CNBS. Mood is getting pretty dark arund the country and people are FUCKING TIRED OF THE GOD DAMN LIES!!!!!
Then we purge or kill the Republican and Democratic Parties. They have done nothing but made things worse.
A purge is coming, and you had better choose sides. I saw the other day one of the Previous Administration's NSA director, said that "Life, Liberty, and the Pursuit of happiness were "virtues"!!!! THESE ARE FUCKING RIGHTS and "unalienable", and the stupid FUCK in charge of the previous NSA thought they were "virtues"
Folks we are SERIOUSLY FUCKED, and there is nothing but pain and blood coming.
You deserve what is coming to you. Endless wars for your 'safety', and no matter that the Constitution is trashed for nazionism, and millions die for the rootless cosmopolitans, the international financiers who care nothing for jew, gentile or any other group, and care only for the monarchies, vatican and hofjuden.
Step this way to the shower; it's for your own good.
Not your pain, is it? Just the blood of troops, dying for you. Not your treasure, is it? Just the money from the minority, the taxpayers; paying for the globalist agenda; it's off shoring no tax, and importing illegal aliens to drive down wages, for its nazionists.
(to the poster above you, NE)
I think the goal should be justice, not murder.
Mood is getting pretty dark arund the country and people are FUCKING TIRED OF THE GOD DAMN LIES!!!!!
+100
Apologies for junking you once for Edward Norton mug. I know Fight Club. He is a spoiled little rich beltway liberal who's grandpa invented the shopping mall in MD. The little shit once got a British director fired in some movie.
Great post tonight - carry on.
No worries Freddie. It is not Ed Norton that I like, it is the character "everyman" with his schizophrenia. Without this character, you have not manufactured character "Tyler".
The centralist DC is on the short list. Already is. Closing in fast and where do you go. Don't come cry'in round here.
Great list, and more reasons to avoid contributing to the Kleptoligarchy.
The only recourse left for Americans is to: Help all the governments at all levels disintegrate. They have all corrupted themselves and are FUBAR.
STARVE THE BEAST!!!
its scary how the majority of people ( with the exception of zerohedgers) do not understand what we are in for. because these people see dow 15000 s&p 1650, etc, they think all is great.
its scary, because these people do not understand how life as we know is going to end relatively soon.
Limitless (it's bullshit) Do you're homework!
But what about "Hope & Change"? Aren't the sea levels dropping, and aren't we the change the world has been waiting for? Drivel from Chalky Soetero to the dumber-than-a-bag-of radishes Amerikan voter. Eventually the math takes over, and by then it is too late. But don't tell that to the sheeple who voted for the guy who every day shows just how inept and incompetent he is. Oh wait, I forgot, it's for the children; never mind.
http://vegasxau.blogspot.com
Ask me a question? I'm drug free. rarely drink. (ask me a question)!
Never been into drugs.
Looking at the list in the article, might be a good time to start.
name it? Which sentense structure?
sentense structure? Must be joshing us SentenSe Try sentence.
C'est vrai.
However, it is rude to correct another nationale's language, n'est pas?
That girl never hunted sentense structure.. I've got a question.?
Would you buy the top of usd/jpy candle, or the bottom? It's a big engulfing trade.
Put stops at both ends to enter the trade. And then grit your teeth that your others stops dont get taken out.....
Your program is malfunctioning again.
deleted
Buying American anything, avoiding buying foreign, maintains and creates jobs here.
My country, tis of thee, 'trustbutverify'.
My new Ford was made in Meh-ee-co and my Toyota was made by the UAW in Kentucky- y'all.
It's interesting that the '60s generation proved to be the most venal, wasteful, and warmongering, despite their 'summer of love', and people like the Clintons and Kerry dodging bullets, yet now killing most - financially and physically.
McCain would ignite WWIII, just because he was a failed warrior, capitive of a war he wanted, and no American wanted. Arrest him for consorting with terrorists in Syria who slaughtered an entire Christian village days after he gave them a pep talk.
You're respectfully part of it newengland ?
No, not part of it. Defying it.
Putin is right in his critique of the attempted Western intervention to overthrow the legitimate government of Syria, contrary to international law and European ideals.
I do not believe in this current nazionist CONgress, and nor will I fund them.
My family have a military history, as every true patriot does. We do not fight for politicians. We fight to preserve the Constitution, and Declaration of Independence.
My country. My money. Our blood. Yours too.
Follow the money, and defeat the liars.
I guess you're not. newengland I'm not a Communist douche bag that want's status quo.
I know you are not, Yen. These are very treacherous times. Family, genuine community. This is worth our all.
Trade ruthlessly. I will. The modern politicians are puppets of nazionism. G'luck. Follow the money. Defeat liars.
They figured out that being dirty hippies past 22 y.o. was no fun.
'they' didn't figure out anything. They just Party on at the expense of other people's blood, and treasure. Venal, they are. And their grandchildren are going to pay for their failure, not that it matters to them, so long as they get what they want: statism, endless war, and an undeserved sense of entitlement.
This Republic was founded by 3% of patriots defying international bankers and monarchy, and the genuine community assisted the supply lines or stood aside, out of the crossfire.
Unfortunately the old farts vote heavily and for their own interests.
True.
Baby boomers are the first generation to leave their children worse off than them. This is horrible. It's never happened before in the Western world, but people like the Democraps and Repugnants are ok with that. Horrible creatures, foisting their debt upon the young. Disgusting.
No mercy should be given to them, the '60s generation, fakers, Party on critters.
There is no difference between mad McCain and the Clitons who now use their blood money to foist their brat child into the political theater, even though she has failed at every job she undertook.
Sad.
They blamed it on organized labor.
This is all wrong, at any point in American history you will be able to find a town/city that is crumbling and falling apart or completely abandoned. Hell, the US dollar still is strong as fuck as you can see from golds complete lack of appreciation over the last year. It simply does not matter that shit property in Detroit is worthless, a McDouble is STILL $1.00 and property in South America is still CHEAP (in USD). Detroit should have BK'd decades ago and wiped out all those pensioners that don't deserve a rotten dime anyway, MAYBE, just MAYBE they could have at least tried to save the city with some of that USD!!
Anyone wanna respond to this dumbass?
Nah. These threads are already long enough without rehashing a bunch of info already available in about a thousand other places.
Obama, quit posting, turn off the computer and get some sleep. You need your strength, as it is going to take some serious research to find a hideaway on planet Earth where nobody is going to want to end you.
What if it were him....
I will. You fucking idiot. You are educated FAR beyond any synaptic activity would warrant.
Easy solution to Detroits problems. Step 1) Announce that in 10 days all police and firefieghters will be laid off, and then do it. Step 2) Watch the bad apples come out of the woodwork but get shot by the waiting people in their homes for them. Step 3) dump the POS into a mass grave. Step 4) Announce the hiring of police officers and firemen (just not as many). Step 5) Pay off debt with savings from Police, Lawyers, jail, firefigthers and food that are not needed to handle those who are now dead.
No- not the "first responding heroes" -if they are gone who is network TV going to make stupid tv shows about and who is the MSM going to glorify?
I do not watch TV or Hollywood's shit. I was over at a relative's house one night. Stuck around for an hour after dinner. They watch two CBS crap shows. One was about a NYC cop family with Tom Selleck. All NYC PD nepotism, pensions, overtime and BS.
The other was the surveilance state BS with Jim Caviezel. Tom and Jim are good guys (compared to most Hollywood & TV liberal vermin) but one was was a ad for PD unions, neopitism and city corruption and the other was an Operation Mockingbird, NSA police state advertisement. Sick brainwashing shit.
Why not just bulldoze the abandoned properties and use the vacant land as a regional, for profit landfill...and bury crap from other cities.
Only on ZH can you get away with saying something like this...
Detroit Hunger Games.
Step 1
Turn off the water.
Step 2
Prepare for an African invasion of Toledo.
Can you feel the ' Wind at Your face'?
The interesting to note that both African Americans and African countries (except for rare exception) as a whole both embraced Socialism in the 1960's. The downhill movement of these two groups seperated by an ocean but united by a common ideology could probably be the most fascinating study in the 20th century. For example the Ivory coast in the 60's and the 70's went in the opposite way and embraced a free market. It's economy grew something like 360% until the Socialist took over and the economy shrank during both the 80's and the 90's and inflation topped 28% and per captia income declined while the national debt spiraled out of control
Wow why does all that sound familiar?
The latest wave of C/S American immigrants hail from heavily socialized police-state countries- so the US these days must feel just like home for them.
What can Ghana West Africa teach Barack Obama?
https://www.youtube.com/watch?v=oVsBPlRz0Po&list=WL182571F492BB7572
Most (but not all) blacks are racists.
I am truly having a hard time trying to find a successful country on the African continent where there is plenty for all, even in resource rich countries like Zimbabwe, Namibia, Botswana.
Maybe someone can interject and point out a country (on the African continent) that is not run by socialist, communist, raping pillaging, plundering locals.
Just look at Zimbabwe and South Africa. Gold galore, diamonds, platinum, good climate, great for growing food.
And both are borderline failed states. In South Africa, the only difference is, now there are both whites AND blacks living in extreme poverty. And the newly minted crony class are now well-connected blacks, not whites. They are called "Black Diamonds".
When the Mowtown was in Detroit (1960s), the city was booming. Ever since. it's been down hill. Another good example is Gary, Indiana. In the 1950s, it was a great shopping center. Now, it is as bad as Detroit if not worse.
Chicago had 7 deaths due to gun violence this past weekend. They also have the strictest gun laws. Chicago is on its way to be another Detroit. Broke and full of violence. Illinois is not far behind. It is so corrupt that most of the recent governors are or have been in prison.
Unfortunately, there are no politicians who will take on these problems. All we can do is prepare for the worst and hope it never arrives. Our political leadership, both parties, will not fix the anyrhing.
"Chicago is on its way to be another Detroit. "
That would be sweet justice. Illinois is one of the most socialist/democratic states in the country."
Operation PUSH headquarters is in Chicago.
http://rainbowpush.org/pages/offices_and_staff
As much as I hate the fucking politicians and unions in an otherwise decent state the gun-grab here has gone very piss poorly for the dems as compared to some other commie-nanny states
Chicago or maybe the whole damn state is next from what I read.
Next for what?
Detroitization
What in Illinois? Maybe because there are a lot of good rifle companies in the state. DSA, Armalite and quote a few others. I had to go to Chicago once a few years ago to Hoffman Estates. The city is pure evil and Detroit's airport is nicer than O'Hare. I was suprised that Chicago had a lot of tool and die Germans years ago. I guess that expertise is left over for guns. I think down state IL would draw the line on guns.
Freddie,
Just for the record: Detroit's airport is not in Detroit. Might have something to do with the quality of the airport, no?
Prepare.
cheesepopes attend synagogue- f sawyer came up with the term to circumvent ZH's new "snitch bitch" policy
Dude! Thx! I'm not too bright. Putin thinks I'm tasty.
Got to love francis!
All Detroit needs is high speed rail and a few green energy projects.
The rest will buff right out.
/sarc/
Rail cars to the welfare and Social security offices built by factories in China. Green section 8 housing with solar panels from China.
In the mean time Bubble Bernanke and the Fed keep printing.
Like a twilight zone episode that is turning out to be reality.
The rest will buff right out.
LOL! Like Bondo on a 1971 Chevy Vega.
Someone asked me to name the [structure]- of the article.
Here's my reply. 1-2-3-4-5-6-7-8-9-10 Etcetera, (ableist definitions)
Thats a lot of reasons to own a gun
Only one? The only reason I can think of to own only one gun is SUICIDE.
The reason you own multiple is to arm the front lines.... you know, your friends and neighbors.... because there is no way in hell you want to be first to get shot at.
I have seen this 5 trillion dollar deficit figure thrown out before and would be interested in seeing more detail on it...
The HFT puke is out. I got ya! I'm out 21.10 ZULU I could care less what anyone thinks.
This tranch of information is going to be significant.
:30 HKD Hong Kong Unemployment Rate 3.50% 3.50% 01:30 GBP Core CPI (YoY) 2.1% 2.0% 01:30 GBP Core PPI output (MoM) 0.1% 0.1% 01:30 GBP Core PPI output (YoY) 0.9% 0.8% 01:30 GBP Core RPI (YoY) 3.1% 2.9% 01:30 GBP Core RPI (MoM) 0.2% 0.3% 01:30 GBP CPI (MoM) 0.1% 0.2% 01:30 GBP CPI (YoY) 2.6% 2.4% 01:30 GBP House Price Index (YoY) 2.6% 2.7% 01:30 GBP PPI Input (YoY) 2.5% -0.1% 01:30 GBP PPI Input (MoM) 0.1% -2.3% 01:30 GBP PPI Output (MoM) 0.1% -0.1% 01:30 GBP PPI Output (YoY) 1.4% 1.1% 01:30 GBP RPI (YoY) 3.1% 2.9% 01:30 GBP RPI (MoM)I have to step in and give my two cents. I grew up in Ann Arbor, Michigan. What I remember was that both the White people and the Black people hated each other. Mayor Coleman Young made things worse by the inflammatory statements he made about the suburbs and the rest of the state. The people in Ann Arbor ( as with all of the progressives ) could not find anything wrong with how Detroit governed itself. Even with all of the Black kids killing themselves over two hundred dollar Nike sneakers. No, people in good old Ann Arbor will never criticise Detroit. They will just say that it is either the legacy of slavery or "White Racism" that has crippled Detroit. Just go to the following sites and note the lack of coverage for what is going on in Detroit.
<a href="http://www.annarbor.com">AnnArbor.com</a><p>
<a href="http://www.a2politico.com">A2Politico.com</a><P>
Just for the record, AnnArbor.com is the former Ann Arbor News, which went bust in 2009. It was a terrible paper with countless grammatical and spelling errors. I remember my mother reading the news and circling the spelling and grammar errors with a red pen.
Ann Arbor- another champagne socialist college town where the nee-groes are imported to play sports.
Exactly Otto. Go Spartans!
Once the movie industry moves out of Los Angeles and out California, Los Angeles probably a good candidate. Another industry that can re-locate elsewhere. At least California has the weather going for it.
"At this point, approximately 40 percent of all the streetlights in the city don't work."
I thought residents were cutting the lights down a while ago for scrap metal.
Here's another good one....
Detroit vs Hiroshima - 1945
And in 2012:
http://rightturnforever.com/wp-content/uploads/2013/05/Detroit-1945.jpg
There are no words. Just... Wow.
Lets take off, and nuke it from orbit......it is the only way to be sure.
Does Knuckles , Kick Azz? Does Knuckles and his family ,want this job?
Knuckles, I have a story. I'm paying your airfair! :-)
OTTO? Is it time to disclose "Francise's Cheeze/cheese PoPe?"
Iridium was unfamiliar w/ the term.
Don't let Iridium off otto. He likes the challenge.
I actually googled it and nothing came up. I like terminology specific to ZH. I posited "KRUG" for "FAIL" in another thread. We could have our own language like Klingon. We will definitely need a handshake for the camps.and yes, I do like the challenge. As I said before, nothing but love for my ZH brethren.
Fun Fact: I was born in Detroit.
Something did come up, a guy in a cheese hat! I knew right almost right away what Francis was getting at. That there are those who will hide behind religious labels to escape criticism. In fact, the very act of criticising these faux religious people will open you up to automatic ad hominem attack*cough anti-semite cough*.
Who/what culture learned to form "milk curds" Iridium Rebel?
n Francis?
Once all of the western governments go bust and we have to start from scratch agian there should be a new rule for those running for office.
Personality test. If it turns out that you are a psychopath then you can't run for any politiical office. Since that is the only personality type presently running anything above a garbage truck eliminating them would be a step in the right direction.
Since there is no cure for psycho/sociopathy it seems a no-brainer.
And it would be GREAT to see the pushback, see who is hesitant to take the test.
You know what will happen, right, is the secretary in the office will be the only one who can pass, and they will blackmail the secretary to take the test on their behalf. You got to watch these fuckers!
I went to the zoo and asked the chimpanzees why they throw poop and it cost only about $30. Incidentally the answer I got was, and I quote, "Ooo ooo ooo!" and a shit pie on my shoe. That was all the answer I needed and I don't speak chimpanzee.
I knew that she'd seen me 'cause she dropped her bikini. . . .
little do they know that i know that they know that i know. . .
Mam am gonna be a slave all day long, mam am gonna try behave all day long, all day long. . . .
Forcue Forcue for curiosity. . .
Shabba dabba doowop dooway!
Once Syria and Iran are flattened I think Tel Aviv is to be the new Rome. That seems to be the plan anyways. Maybe get a job cleaning the streets or something there..."better zio'd then dead!" Ain't no future in Deeeetriot man.
We need another Half Time Speech from Clint Eastwood.
The Good, The Bad, and the UGLY...
Why is that traders are always inclined to buy?
Boycott Wallmart or your home town is next.
I have never shopped at Walmart. So no reason to start now. But when I tell people (not something that really comes up) their mouth gapes.
That NSA guy was right, Our info can't be deciphered.
And the Supine Court has just decided that you don't have to prove you are a citizen of the U.S. to vote for your representatives!
Whoopee! Rule by anyone anywhere! Isn't this just what the Kleptoligarchy wants!?!?
And...corporations are individuals according to the Supine Court!
And...your own government can spy on and track you!
Welcome to the Kleptoligarchy Serfs!
Get to work already!
It is already too late. The collapse must come, and the sooner, the better. Unfortunately they are going to push it off as long as possible and therefore make it much worse than it has to be. Until the fiat dollar reverts to its true value of zero, we will be stuck with statism. The collapse of the dollar will give Americans the chance to abandon the state and embrace sound money and a private-law society. If they do not the human race is in for a world of hurt as the next step is nuclear war.
If i want to see the future of Murica,i need only to wake the fuck up for another day.
The only thing shocking about Detroit is that nobody ever reversed course. Everybody knew the vector Detroit was on 40 years ago. FORTY YEARS AGO. Detroit's still on that hellish vector today. Twenty years ago I thought, "Well, we've hit rock bottom now. Nowhere to go but up!" Nooooo. We were just warming up.
The shocking thing about Detroit is that everybody, and I mean everybody, knew what was going down and where we were going to end up. That's why everybody abandoned their homes en masse. I mean en masse, people walked away from their titles and deeds. Took the hit. Get me out of this trainwreck at all costs, was the thinking.
Nobody could stop the trainwreck. Don't believe all that bullshit people say about "Yeah, well, the Big Three were slow to adapt, yada, yada, and that's what happened to Detroit." Bullfeathers. Detroit is a staggering human tragedy and a font of unmitigated social dysfunction.
"I got to laugh 'cause I know I'm going to die! Why?" Detriot Rock City. The city that killed itself.
EXACTLY. Unions at the Big Three were only partly to blame. A thoroughly corrupt culture that re-elected the same filth over and over again is what caused the problem. They stole everything while promising everyone everything. The GODD NEWS is that those that did this will bear the brunt of the cuts.
Lots of strange excuses and theories in this thread, but a few are brave enough to say why Mogadetroit imploded:
Niggers did it
i have seen alot of hard working very honorable niggers though not in Detroit...
it is not about color of your skin it is about general morals of the place. If you have 50% unemployemnt among the youth you can bet it aint gonna end with good morals down the road
While what you are saying is true that is not the order it happened in.
yes it is.
kids born to welfare mammas tend not to do too well as adults. And after you have one kid theoretically by accident, and have 6 more with no thought of ever supporting yourself, the consequences are not pretty. Crime goes up, good people leave, and presto! You have a Detroit.
how to solve detroit problem ? - WRITE THE DAMN DEBTS OFF and start anew from zero
I bet ethnic cleasing will work too, and everyone still gets to keep their money.
only when we can get past conservatives blaming liberals and liberals blaming conservatives can we see what is really behind the demise of not only Detroit but the nation as a whole. we've replaced our wealth producing industries with a debt generating ponzi finance economy that only accumulates wealth to the very richest among us.
i'm surprised it took this long actually, 30+ years of consistent job offshoring is why things are collapsing, our economy will never be prosperous based on $8 an hour jobs...those jobs don't make enough to pay taxes
i have to agree.
When the various schemes to make money give more income than honest hard work (which is in addition taxed to death to repay fraudulent debts) then you know that sooner or later this injustice will lead to total demoralization of the society and when nobody wants to be a hard working fool and everybody wants to be a smart ass then the whole system crumbles down
http://biblehub.com/matthew/5-13.htm
"You are the salt of the earth. But if the salt loses its saltiness, how can it be made salty again? It is no longer good for anything, except to be thrown out and trampled underfoot.
no. Liberals did this. I know. I was there.
Many foolish peoples are having in their minds it is Obama who is having all the many powers to be making so many bad things to be happening. The wars Americans are having, the banks we are giving all the money's to, the subsidies we are giving many big farmers who are not needing it, the moneys to be paying to peoples who were being promised moneys many years ago, the disasters we are giving many moneys to, the drug companies who are making very big monies because the stupids in congress will not be having laws to make ways to keep drug companies from charging many times more monies than if they were having competition, the 70,000 bridges that will be needing to be fixing because we waited to be fixing the bridges we were having to be fixing after shocking and awing in the Iraqis - none of these things would be needing us to spend our monies if Sarah Palin and that mavericky old man were having the many votings they needed to having to keep Obama from doing all these bad things.
Many stupids believe crap they are having in their ears from other stupids who are talking.
If you were having more monies than you could be counting you would not be caring if many peoples went away so you could be having more room for enjoying all the monies you are having. Very rich powerful peoples would be liking it if many very poor peoples like most of the peoples who are reading the words we see here everyday would be dying and getting out of the way. The president who is Obama is a tool in the hands of the same peoples who were having george bush as a tool. Why do people not be seeing this?
Games aside "Happy cCampers". Personally I'm long usd. Initially that will short the markets. If the fau paux game is working. we'le see.
Personally, I think the markets are priced to perfection, and it doesn't matter.
More likely US will look like Canada. See you soon BC!
Since GM is a Chinese company now, maybe this is really the future of China.
Re Rotting, Decaying... and Bankrupt....
Saw the first two words - Rotting & Decaying - and immediately thought of McCain's addled brain or maybe they'd found something unmentionable lodged in Lindsey "Hello Sailor!" Graham's rectum... or perhaps some unidentifiable lifeform had slitherd down the leg of Hillary's pantsuit and expired on the floor
Not to be though: the word "bankrupt" gave it away - and these charlatans are nothing if not well-paid for their "efforts".
Not even Snake Plissken can save us from what's coming. Detroit today, New York tomorrow...
http://m.youtube.com/#/watch?v=ckvDo2JHB7o&desktop_uri=%2Fwatch%3Fv%3Dck...
This is the end
https://www.youtube.com/watch?v=aGmAmJFUvzM
As long as there are young people who harbour some hope and a little determination, there will never be an end. We owe it to them to reach out for a better tomorrow despite the wretchedness of so many things in this day and age.
"All is race; there is no other truth"
- Benjamin Disraeli
Despite the depth of decay in many aspects of government, coporate America, people's lifestyles and infrastructure, I harbour a hope that at some point America and Americans will be so disgusted by what they see in the mirror and around them, that they will suddenly be swept with a determination to rise up and re invent themselves at every level not only for their good but for the good of the world.
They might be "Americans" but I doubt it will be a United States. I suspect it is the difference between Federal and Confederacy
Isn't Detroit really symptomatic of the USA because: -
a) Bean Counters ran Big Auto instead of being Engineering-focused
b) Overpaid Bureaucrats in Lobbyist Corporations unable to focus on PRODUCT
c) Overpriced steel from uncompetitive plants
d) overpriced health care contracts from the UAW
e) NAFTA
Detroit R Usss!
Barack Obama is the culmination of the foreign takeover of the sovereignty of US Citizens. Only the mass realization that he is a British born son of a British subject father, and thus not a natural born Citizen, and not eligible for POTUS, will expose the real treason that has been committed at all levels of government and media. The criminals in government are putting the final touches on the Cloward-Piven destruction of the United States. They have :
1) Destroyed the time value of the dollar. If the dollar is worth zero over time then it is no store of value at all.
2) Destroyed education, leaving it a lowest common denominator shell.
3) Destroyed the workforce, through offshoring to countries where the worker makes $2 a week, and paying able bodied workers not to work.
3) Destroyed the family by separating the man/ wife vote (by the 19th amendment), pushing gay marriage as an "equality" issue on par with the black civil rights movement, and misconstruing freedom OF religion to mean freedom FROM religion.
4) Destoyed the medical field with the establishment of "big insurance".
5) Destroyed the power of the states by popular vote for Senators (17th Amenment), rather than the Constitutional appointment by the states.
6) Destroyed the sovereignty of US Citizens by cheapening what it means to be a US Citizen, and giving citizenship to anyone who can be born of parents who crawl across the border and have a baby (google "birth tourism"), and allowing illegal "immigrants" all the benefits of being a US Citizen, i.e education, healthcare, VOTING, et al.
7) Destroyed our military by making a major issue of "gays" in the military, and allowing women into combat. Political correctness now goes as far as the thought that soldiers should "win the hearts and minds " of the enemy.
8) Destroyed financial freedom by the establishment of the progressive income tax, removing the Constitutional "tax by capitation" rule of the Constitution with the stroke of a pen (16th Amendment).
9) Destoyed the Constitution itself by placing a domestic enemy Usurper as POTUS. If the POTUS, who is the executor of the laws is not a legal entity, then there is no law at all. Thus there is no budget, the government is run by executive order, criminal bamkers walk free, and habeus corpus is suspended (NDAA).
These treasonous criminals are getting lavish pensions for life for doing this to We the People (we allowed them to). Only the mass realization that the final treason has happened with the installation of a domestic enemy Usurper (British born Hussein Obama) can we even begin to reform the Republic, and hang the criminals in government, and the media who cheerleaded the treason. However while our liberty is being stolen, the majority are looking down at their Chinese slave made IPhones. I fear for my children.
You seem to think someone held a gun to our heads and forced us to buy foreign made goods.
Detroit is the result of NOT responding to challenges with solutions, instead choosing to ignore the underlying problems. They chose to steadily increase wages in a period of wage pressures created by free trade. They subsidized poverty with public funds (redistribution) until the public funds ran out, and then proceeded to borrow. Borrow money that everyone knew could not be paid back. There was never a policy pursued that was known to be sustainable. They instead chose to simply steal and pretend someone else was doing it. Everyone knew what was happening, just like we know whats happening in the whole country (and world) and we are reacting the same. All problems can be solved with a loan and a raise, regardless if there is anyway to pay for either. We know we are being lied to and when it all blows up we still want to blame the liars instead of ourselves, because thats just how we roll. A large part of ignorance is the unwillingness to accept responsibility. All that is needed is a facilitator who is willing to tell us it is OK to blame someone else for our stupidity. Self destructive behavior is the norm.
oldwood, seems you were never manipulated, your views were reflected in who you voted for, why I bet you sat in on the NAFTA free trade talks and got the best deal you could. hard to admit the hard truth- you were gamed by the elite you had NO power to change the course of events in USA. thats the hard truth you seem unable to admit.