By Dave Hodges
July 19, 2013 “Information Clearing House – On July 18, 2013, Detroit declared Chapter 9 bankruptcy to squelch most of their $18 billion in debts. The Chapter 9 filing occurred only four months after the appointment of an emergency financial manager. ‘Let me be blunt: Detroit’s broke,’ says Michigan’s governor, Rick Snyder. Snyder went on to say that Detroit is the heart of Michigan and if Detroit is in trouble, Michigan is in trouble.
Detroit is the largest American city to declare bankruptcy, officially succumbing to job losses in the auto industry, decades of population flight, and the collapse of revenue to cover everything from policing to street lighting.
By the end of this article, the reader will come to see the prophetic wisdom of Governor Snyder’s words as the bankruptcy of Detroit is a portend of what is to come to most American cities.
Detroit Was Once the Pride of America
At the height of Detroit’s success as a city. the city was a representation of the American middle class dominance. It was greatest manufacturing city ever seen on the planet. Detroit made cars that were the envy of the world.
At its peak, Detroit was the America’s fourth-largest city, with more than 1.8 million people. Detroit’s population losses began in the 1960s with migration to the suburbs. Then in the 1990′s Detroit fell victim to global politics and literally, the roof caved in.
How It All Went Wrong
Today, almost 30% of Detroit’s 140 square miles are either vacant or deserted. Detroit used to be the fourth-largest city in the US, with a population of nearly 2 million people. Today, Detroit has less than 700,000 residents. There are more than 33,500 vacant houses and over 90,000 vacant lots in Detroit. The city government is razing entire city blocks of business buildings and residential homes. If you are the only one left on your block, you are forced to move and if you are lucky you will receive $10,000 for your home.
The median price of a home in Detroit is only $9,000! In some areas in Detroit, you can buy a house for just $100. There are approximately 85,000 streetlights in Detroit, but copper thieves have stripped so much wiring out that many of the lights are not working. The Mayor of Detroit previously announced that he will reduce the number of streetlights to almost half the existing total down to 46,000.
Today, sixty percent of Detroit’s children live in poverty, when less than 45 years ago, Detroit boasted the highest per capita income in the United States. Today, Detroit does not have one chain supermarket left in the city
It has one of the highest murder rates in its country. Its infrastructure has been gutted. Real unemployment may be as high 20% in some parts of the city. This is a real bad city to not be able to find a cop and with the new cutbacks, it is really hard to find a cop because most police stations in Detroit now only open to the public for 8 hours per day. So, if you have to defend yourself, you better be prepared to get through the night on your own. You can call the police on your Obama phone, however, you better only call between 8am and 5pm. Just how dangerous is it? Justifiable homicide in Detroit rose by an amazing 79% during 2011.
The Globalists Murdered Detroit City
The globalists murdered Detroit through the various free trade agreements. Through NAFTA, GATT, and CAFTA, American auto manufacturing were free to ship their factories overseas in search of near slave labor markets. The passage of these free trade agreements made it possible to hire foreign slave laborers and without the now prohibited tariffs on imports, the globalist controlled corporations could ship slave labor manufactured products back into the United States. Our government failed to protect manufacturers and the net effect is that we are beginning to see third world conditions inside of the United States in cities such as Detroit and it is spreading like wildfire. Since the 1970′s, America has lost 86% of its manufacturing jobs. Actually, the Globalists have been trying to get rid of American tariffs for 100 years in the name of free trade. Look up the Payne-Aldrich Tariff, it is part of our history. A year later, we got the Federal Reserve Act of 1913 and then real fun began in earnest.
Tariffs used to pay our national debt. This is no longer, we replaced tariffs with the Income Tax Amendment. If you are reading this historical facts for the first time, you have to be getting angry. And who could blame you for getting angry? You and I should not be paying income tax, tariffs should be paying for the national debt. We are paying income tax because the globalists wanted free trade and it is our “duty to pay” so they can maximize their profits. The third leg of this scheme was to introduce fiat currency where bankers could invent money out of thin air which caused our money to now be worth less than 4 cents for what used to be a dollar.
Now, back to Detroit which helps us understand where we are headed. You may not live in an area of the country in which the jobs are headed overseas. However, you have been targeted for de-industrialization through Obama’s Cap and Trade policies which he has declared he will initiate through Executive Order as this president continues to carry out his Agenda 21 goals.
If you ever let Agenda 21 get a grip on your city, the result will be like Detroit and will result in abject poverty as a result of green zones, Wildlands, promises of Smart Growth, saving the planet from global warming and economic growth inhibitors, etc. By the way, the globalists have the guts to build a $25 million dollar light rail in Detroit, right in the middle of this rotting corpse.
What Happens When a City Goes Into Default?
Look for an organization such at the World Bank to loan Detroit the $18 billion dollars it needs in order to regain temporary financial solvency. However, without a viable industry to maintain the economic foundation of the city, the city will predictably default on its future loan obligations. What follows is a glimpse into the future of all American cities as an increasing number of cities default on their “rescue” loans.
When a political entity defaults on its loans, the lending agency takes possession of the collateral which was pledged to cover the loan. Most often, the infrastructure is the collateral most sought after by the banks. When banksters typically take control over a political entity, like they did in Bolivia, they will quadruple the cost of water, astronomically hike the price of utilities and seize control of public transportation in order to jack up the rates to its ridership (i.e. poor people who cannot afford a car and need public transportation to get to work.). This is Detroit’s future and it will soon be all of our futures.
Detroit has failed as a viable entity because of the loss of manufacturing and subsequent population flight out of the city. The rest of our cities will all experience an economic collapse but for different reasons.
When, not if, Obama ushers in his industry killing Cap and Trade Executive orders, every American city will effectively be deindustrialized and we will have nation full of Detroit’s.
Do you know that Obama has stated that his Cap and Trade plan will eliminate the use of of 80% of the energy that we presently use? Can you drive 80% less miles to work? On a sub-freezing day, can you run your thermostat 80% lower? Can you use your lights 80% less with a major impact on your lives? Can you get buy on 20% of the gasoline that you presently use? And what business will survive these draconian caps placed upon our energy use? And then, where will you find work? Who will pay for your mortgage? Oh by the way, does it make sense now to about why the Federal Reserve is buying up $40 billion dollars worth of mortgage backed securities every month? Hmm, and some people wonder how the powers that be will force the rest of us into stack and pack cities. America, you have just seen your collective future.
Does it makes sense to you that DHS has purchased 2.2 billion rounds of ammo and 2700 armored personnel carriers? The globalists forces know what is coming. It is time that this country wake up and smell the coffee. You have been conquered, America, and many of you will not survive. And if you doubt the words that I have posted here, lets have Obama tell you so in his own words.