Obama promised, he would NOT let Detroit go bankrupt.
But today, it happened. The black President had no stimulus to bring back the pensions, the police, the lights, the sanity, OR the jobs. Can we say it’s because he’s a racist? He prefers the rich because he bailed out Wall Street? After all, Detroit ‘s population is 82% black, and Obama hasn’t done a thing for them.
It’s not too hard to figure out. That’s what happens when democrats run the show.
The Detroit metropolitan region currently holds roughly one-half of the state’s population.[ In 1903 Ford founded the Ford Motor Company. Ford's manufacturing—and those of automotive pioneers William C. Durant, the Dodge brothers, Packard, and Walter Chrysler—reinforced Detroit's status as the world's automotive capital; it also served to encourage truck manufacturers such as Rapid and Grabowsky.
With the factories came high-profile labor unions such as the American Federation of Labor & the United Auto Workers which initiated strikes & other tactics in support of such things as the 8-hour day/40-hour work week, healthcare benefits, pensions, increased wages & improved working conditions. The labor activism during those years increased influence of union leaders in the city such as Jimmy Hoffa of the Teamsters and Walter Reuther of the autoworkers.
More than half of the owners of Detroit’s 305,000 properties failed to pay their 2011 tax bills, exacerbating the city’s financial crisis. According to the Detroit News, 47 percent of the city’s taxable parcels are delinquent on their 2011 tax bills, resulting in about $246 million in taxes and fees going uncollected, nearly half of which was due to Detroit. The rest of the money would have been earmarked for Wayne County, Detroit Public Schools, and the library system. The review also found 77 blocks in Detroit had only one owner who paid taxes in 2011.
The resulting elevated unemployment was compounded by white flight and middle-class flight to the suburbs (and in some cases to other states), and the city was left with a reduced tax base, depressed property values, abandoned buildings, abandoned neighborhoods, high crime rates, and a pronounced demographic imbalance. This crisis almost resulted in the state of Michigan taking over administrative control of the city. The state governor declared a financial emergency in March 2013, appointing an emergency manager. On July 18, 2013, Detroit filed for bankruptcy, which will have to be approved by a Judge.
So, Nobody Wonders if the Blacks will EVER understand that the welfare “plantation” is not going to last forever and ever.
In the meantime, we all wonder…what city is next? Or…should I say, what country?
By now, everyone has heard about the unprecedented move the Bankers have taken in the EU: they are going into the bank accounts of ordinary people and grabbing money. This actually has been going on over here but under a different name: it was first done by George W. Bush, because what else is a bailout? It’s stealing money from the taxpayers and giving money to the bankers and the rich who are “too big to fail.”
The very fact that the Bankers and the EU do not consider it “stealing” from private property, but just “taxing’ —goes beyond belief. It’s sets a precedent for future leaders all over the world to go into everyone’s bank accounts and take whatever they like.
Nobody Thinks, that a “cashless’ economy…..(debit cards, online banking) ..while seemingly a step forward in not having to lug around dollar bills…is quite a double edge sword. When banks hand over money that is not theirs to give, in order to keep themselves and the rich propped up…then the convenience of having a bank account, goes out the door.
I tell young kids that I talk to, that paying all their bills online to me is very scary. They look at me like I’m nuts. Who doesn’t get those bank statements trying to urge everyone to put EVERYTHING on their credit cards?—Groceries, gas, all your daily needs. They WANT a cashless society.
The people in Cyprus, the ones who can’t even get at their money, are right now in disbelieve: They are wishing they had that hard cash in their own hands, and not in the bank. It’s cold hard theft what the bankers are doing, and even though they admit it, no man or woman in any bank or government will go to jail for it.
And that’s how powerful the wealthy one percent have become. That’s why Joe Biden can run up half a million dollar hotel bill, and nothing is done to him for theft. Because that’s what it is: he is stealing our money.
Sooner or later the people will rebel. And that’s why…they want our guns…because they will be coming after more of our cash, you can bet your grandmother’s shiny penny on it.
If you are a poor British retired soldier, living out your life on the Island of Cyprus, you woke up and found out that the EU, decided it was running out of money, and so, they “taxed” your savings. They just reached inside your pocket like the good elite oligarchs they are, and grabbed what they felt they could.
If you are too late getting to the bank, the banks will be closed on Tuesday and Wednesday because, they have a lot of pillaging to do.
Russian citizens account for the majority of the billions of Euros held in Cypriot banks by foreign depositors, and Russian banks are heavily exposed to the island as a favored offshore centre for big business. tired-looking Christine Lagarde, head of the International Monetary Fund, appeared to have lost track of the calendar and wished weary reporters a “happy St Patrick’s Day” a full day early. She made no reference to a deposit levy, talking only of “burden sharing.” Several EU officials blamed Anastasiades for insisting on low contributions from uninsured deposits, hurting his country’s small savers to protect wealthy depositors, many foreigners. Under the new proposal, smaller depositors with up to €100,000 would be taxed at 3%; savers with €100,000 to €500,000 would be taxed at 10%; and those with more than €500,000 at 15%. despite all the promises, your savings are vulnerable to arbitrary confiscation.
But have heart! Those deposits could have been rendered even more worthless when the ECB cuts off its funding to Cypriot banks, a decision which would — through devaluation and insolvency — lead to depositors losing as much as 60% of their money.
Well, it’s the same old song isn’t it? “We must all share the burden.” and “It could have been so much worse.” The elites of the world, who continue to tax and steal money from the rest of us, are basically saying: Hey…we only took off your legs..it could have been worse..we could have KILLED you!
In the meantime, Japan will begin pumping huge amounts of yen into the economy, and our own Federal Reserve is pumping money too.
There seems to be more to it than simply wanting money. It’s the Russians that are going to be hurt the most…because they are sending Naval ships to the region.
Russia is helping Syria, and are sending Navel ships into the area. Simply put… they can’t get into Syria as long as this money stream is flowing through Cyprus. And the reason Cyprus is suffering…is also due to a very expensive explosion in 2011 which cost them billions:
Ruskies have at least 50 billion euros stalled in Cyprus. They have open storage on the base were 98 containers of explosives that had been seized by the United States Navy in 2009 after it intercepted a Cypriot-flagged, Russian owned vessel, the MV Monchegorsk travelling from Iran to Syria in the Red Sea. According to leaked US cables through Wiki Leaks, released in 2011, the US through Hillary Clinton exerted pressure on Cyprus to confiscate the shipment. The ship was escorted to a Cypriot port and the Cyprus Navy was given responsibility for the explosives, which it moved to the Evangelos Florakis a month later. At the time of the incident in 2011, the explosives had apparently been left in the open for over two years. The Cypriot government had declined offers from Germany, the United Kingdom and the United States to remove or dispose of the material, having feared an adverse reaction from Syria. The government had instead requested that the UN effect the removal, but claimed that its request had been rejected.
While the average American doesn’t get much news about the EU…we can only imagine how we would feel if we woke up one day…went online, and found out our “savings” had been taxed.
Obama has been looking at a way to “borrow” from our 401K’sand Pensions plans. Could our government be thinking about doing the same thing?
After Obamacare, we’d be foolish not to think so.
We truly do have the rich VS the poor in this story: Let’s start with Daniel.
Daniel Hegwood, 33, entered a downtown Wells Fargo over the weekend, told a teller he had a dangerous bomb inside the fast food bag and demanded money. He then fled on foot with a “substantial” amount of cash, leaving the bag behind, police said.
Yep…he figured he’s just take a McDonalds bag, fill it with an apple pie, and point it at the teller. It worked, but they did catch him, so he will be spending some days if not spending his loot, getting apple pies in jail. By the looks of him, it could be a godsend he was caught.
And then we have HSBC…or should I say, half the HSBC bank’s officials who have been laundering money for Mexican Drug Cartels. Their apple pie is , American Express, and thousands of stolen identities to set up fake accounts.
This report from the most impeccable Jerome Corsi of WND:
A former employee of HSBC in New York has 1,000 pages of customer account records he claims are evidence of an international money-laundering scheme involving hundreds of billions of dollars by the global banking giant, which reportedly is under investigation by a U.S. Senate committee. John Cruz has delivered to WND customer account records he says he pulled from the HSBC computer system before he was fired.
Cruz was terminated Feb. 17, 2010, after two years at HSBC for “poor performance,” but he contends he was let go because senior management didn’t want to him to pursue his personal investigation.
One of the largest banks in the world, London-based HSBC has about 7,500 offices in more than 80 countries and territories in Europe, North and South America, the Asia-Pacific region, the Middle East and Africa.
Cruz told WND he has “firsthand knowledge and proof of how HSBC transferred billions of dollars through accounts linked to companies that did not exist.” Cruz said that in the two years he worked for HSBC, he eventually discovered that money laundering was being carried out not only by branch managers but also by senior officers of the bank, both within the U.S. and internationally.
Well, there you go.
Who gets the award for the Nobody’s Perfect, biggest bank robbing scumbag of the week?
And to think, I have taken out many a loan from HSBC. Not only did the London Banks get trillions of our stimulus dollars, it seems they are getting a fair amount of stimulus from our drug addicts.
By the way, the people whose identities were stolen had no clue they had billion dollars in accounts.