Coming to a City Near You?
Posted by lamarzulli on July 19, 2013
L. A. Marzulli
DETROIT — The city of Detroit filed for Chapter 9 bankruptcy protection in federal court Thursday, laying the groundwork for a historic effort to bail out a city that is sinking under billions of dollars in debt and decades of mismanagement, population flight and loss of tax revenue.
The bankruptcy filing makes Detroit the largest city in U.S. history to do so.
The filing begins a 30- to 90-day period that will determine whether the city is eligible for Chapter 9 protection and define how many claimants might compete for the limited settlement resources that Detroit has to offer. The bankruptcy petition would seek protection from creditors and unions who are renegotiating $18.5 billion in debt and other liabilities.
Detroit has filed for bankruptcy. Detroit is beyond broke. Parts of the city have been abandoned. The Abandoned City of Detroit – Photography: Zach Fein There are now over 10,000 abandoned homes in the city. (Check out the link and see for your self) The city has bull-dozed entire blocks of abandoned houses in order to stop the arson, drug deals and who knows what else in these modern “ghost towns.”
There are other cities in the USA which have declared bankruptcy, San Bernardino, in California for one. If we go across the pond and view what is happening in Europe, we see austerity measures, cuts in education, bank accounts raided—think what happened in Cyprus here—rioting in the streets, and a growing hopelessness and despair among the youth. Video: Athens ablaze as Greece austerity riots continue into the night – Telegraph
Ben Bernanke, the Chairman of the Federal Reserve, which by the way has nothing to do with our government, and has taken control of the currency away from the people, continues to run his magic printing press and flood our nation with dollars which are not backed up by anything except the paper they’re printed on. Bernanke Pumps Up Obama’s Economy
It’s a house of cards folks at some point, like what has already happened in Europe and Detroit, the house is going to collapse of its own weight.
In closing todays post: What will affect our lives more, knowing what the name of the royal baby, is or knowing about the reasons Detroit is Bankrupt? Discussing the Zimmerman trial, or knowing that the FED is pouring worthless paper into our system. Wondering which TV show will win an Emmy, or realizing that we can no longer sustain trillions of dollars of debt? While America, for the most part sleeps and is anesthetized by a media who focuses on what I would term, salacious distractions, the good ship, USA has hit an iceberg and is taking on water fast. It’s time to take a hard look at the city in which you live. Is it teetering on the edge of bankruptcy? Is it fiscally responsible? Is the fate of Detroit coming to your city too?
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Hey LA, Richard Shaw, and crew!
Watcher’s 6 was TOTALLY AWESOME!!!!History Channel eat your heart out! Watcher’s 6 not only gives you clear video evidence but they present sane logical explanations about who, what, when, and how! You don’t have to check your brain at the door when you view Watcher’s 6! (But putting unfounded prejudges aside might help )Thanks for all the HARD work, and consistent dedication to these topics. Kerry
Hello L.A.,I wanted to say how much we enjoyed your latest watchers 6 DVD. My nine year old son was asking all kinds of questions afterwards. We are looking forward to the book OTTOT Nephilim. Your trip to Peru must have been an amazing experience and adventure. Alan
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