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As Goes Detroit - So Goes the Nation?

The new political landscape, Perverted Democracy Enabling Scavenger Capitalism?

The original quote was, "As Goes GM, So Goes the Nation", but since GM and Detroit were about one and the same, it maybe fair enough to adjust the quotation, or refresh it to meet the times.

The times are hallmarked by 40 months of global economic strife bought on by crass corruption, deceit, larceny and a thousand elitist corporate and political administration "blind eyes" who willfully ignored the progress of what turned out to be an orchestrated global Ponzi scheme--a travesty afflicting untold misery upon the populations of the world--to the enormous advantage of a few who are impervious on account of their accounts which are far too big to fail.

The official, "expert" response to the mass fleecing of citizens was a shrug and the statement "We did not see it coming." These same persons are now in "charge" of fixing things. "How will they do that?" We need wonder no more. The solution comprises using tax payer contributions to re-stuff the elitist piggy banks so the "institutions" can be preserved. 

It is conceivable that several future generations will be required to continue the wealth siphoning in the form of crushing ongoing taxation. 

Meanwhile on the sunny side of the street - the band plays on.

There is not much we can do about what happened or why, we can however remain cognizant as the second phase of socioeconomic collapse takes place. Awareness is the key to situational awareness and thus the best chance for personal risk mitigation.
  
Where then is Detroit presently?
Detroit's goal to demolish 3,000 homes in one year
About 1,850 vacant and abandoned houses have been torn down across Detroit since April 2010. The 13 companies hired by the city to do the work have picked up the pace and are bringing down 300 to 400 houses each month.
A database of addresses has been compiled with about 6,600 houses currently on Detroit's demolition list. More than 5,000 of those structures have been assigned to contractors.
But the task of clearing out the stockpile of vacant houses across the 139-square-mile city has proved monumental.
It is estimated that up to 12,000 vacant houses pose dangers to the community and need to be cleared out.
The reason for leveling huge swathes of Detroit is cited as "safety concerns." While this may have a modicum of truth about it you can be sure preservation of value of remaining properties is a significant factor.

Decreasing the inventory creates a shortage which increases the cost.

Meanwhile in other locations...
Foreclosures, cash deals lift US home sales
WASHINGTON - More Americans bought previously occupied homes in January. But the increase was driven by rising foreclosures and all-cash purchases by investors, while the number of first-time buyers shrank.
"The cash-rich investors can come in and get foreclosed properties at incredibly favourable prices," Dales said. "The average Joe can't take advantage because they simply cannot get the credit to buy."
Millions of foreclosures have forced down home prices, and more are expected this year. The median price of a home sold in January was $158,800. That's a decline of 3.7 per cent from a year ago and the lowest point since April 2002.
A major barrier for first-time home-buyers is tighter lending standards adopted since the housing bubble burst. These have made mortgage loans tougher to acquire. Banks are also requiring buyers put down a larger down payment. During the housing boom, buyers could purchase a home with little or no money down.
So, patching together the situation of Detroit, (Bulldoze the inventory) and the situation of "capital flush" groups buying up real estate parcels (Predator Scavenging)  it is easy to see what's what in the world of mercenary capitalism.

It will be said the system is fair and represents what democratic style capitalism is supposed to be. Does that make it right though?

Is this not the same pattern which takes away the necessaries of life and then capitalizes by selling them back to you at exorbitant prices, water, food, air, medicine and now--homes?



Stay tuned....
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