An Inside View of America's Collapsing Cities

[ripperduck]

Maywood/Bell are next to each other, and they use to be solid working class cities. The collapse of both began when steel mills, auto companies and the other blue collar industries which produced growth for these towns went overseas. The folks who are left are seeing the end of US production and the loss of any middle class life styles. Nothing else will take its place other than low wage service jobs. These cities will not survive as they have in the past. Good luck...

[diveplane]

riots

[azezel2311]

BP has over 100 trillion in assets. The strategic stockpile is how many thousands of tons and how many hundreds of thousands of tons of thorium is burried in the western states in a refined form? So there is no reason to run a debt based currency system.

[sowiesosso]

Americans are IGNORANT. Start by looking in the mirror. You people are the root of the problem. Real life is a bitch. The crisis is the failure of the American people. I hope your system crashes, and with it all the people of America.

[Zamolxx]

Last I checked the Inter Alpha group was a private international banking consortium, the fail of the american people perhaps, but then there's the failure of the european people who've been suckered into handing out their sovereignty to a superstate central bank that has a pro derivatives policy, anything that is pro derivatives is suicidal and genocidal.

[tetrahydroscope]

@sowiesosso well it will come to you as well

[318767663]

Looks like the Grand Illusion is coming to an end. I am an expert as I am from the 1st 3rd world US city : Detroit.

[318767663]

The problem is that the Global Banksters have way too much influence. You would have to get rid of the key players in the upper classes in order to effect a new economic model. Never going to happen because they control too many dumb people. Why do you think the Banksters like the poor ?

[freeadplanet]

The Great Recession started in 2004 and exploded into a DEPRESSION in 2009... you people need to wake up.

[datzfast]

funny Arizona doesn't seem to have any problem with law suits enforcing the LAW

p.s. if the move to Arizona for a job bring proof of citizenship lol

[mja2035]

This guy gets it. The systems broken and can't be fixed.

[Bluedash3r]

the answer the((( venusproject))))

[Zamolxx]

The venus project is against nuclear energy and is inherently fraudulent, because the venus guys don't understand what money really is, it has no intrinsic value and money should be treated as such, not like a commodity. In order to save the world you need to put its international financial and monetary system through bankruptcy reorganization, by utilizing a Glass Stegall standard of banking alongside a new Bretton Woods.

[eliden]

if they stopped charging taxes on properties, i might actually have enough money to fix the foundation to the house. in a few years.

[MrGAB4444]

results of voting for democrats

[tarossi400]

I can't trust folks that screen comments; I'm unsubscribing and wont be watching your questionable videos any longer.

[tarossi400]

I understand that this towns police were massively corrupt and their inability to get insurance because of the number of claims they had to pay out was a huge factor in shutting this town down. These douchebags were trying to fill the cities bank account by stealing from the citizens and I just can't feel sorry for them.

[MadSmokerBBQ]

@tarossi400 He sounds a bit douchy. I have to wonder if he doesn't deserve some of the blame as he was mayor from 2005 to 2009. I can't help thinking a strong leader could have helped things.

[mlndstream]

What does he mean by 'real money' as opposed to 'fake/monopoly money'? what is backing the real money compared to the monopoly money if not some sort of commodity standard such as gold or silver etc?.

In a recent audio webcast I heard him refer to physical paper money as 'paper monopoly money', anyone got an answer to this, or at least some good links etc..? would be greatly appreciated

[1420truthseeker]

@mlndstream look up fiat money, it is money printed at the whim of the Federal Reserve and according to them it needs nothing to back it up.

[Peridolin]

@mlndstream

Gold is money, and nothing else. - Alan Greenspan

[Zamolxx]

Money should be backed by a physical standard of economy, or production and its value needs to be fixed, not afloat to speculators. A gold referrenece would work under a new Bretton Woods, but you cannot have a 100% gold standard, that isn't viable.Money has no intrinsic value, it must not be trated as a commodity, but a liquid of suspension that keeps the wheels of the physical economy going.Also by having fixed currencies you have fixed nominal interest rates wich are key for a new Renaissance

[azezel2311]

@Zamolxx personally I think an uranium standard is the best way to go after all it is a waste product of the thorium extraction process and very valuable militarily and possibly for transportation to other planets as well as a fuel on its own.

[Justyburger]

I use the analogy of a huge boulder on the top of a big hill. You can push it and it will start rolling down but the longer you let it roll, the harder it will be to stop it. That boulder is now rolling like a bat out of hell. To stop it is going to take huge force now and the coordination of many efforts. If we don't, this thing is going to smash through everything in its path until it rests at the lowest point possible.

God help us if people do not.

[KevZen2000]

Political Action is useless, its great the system is crashing, because the State will never work, and no matter what slave master we elect to 'represent' us, we still are slaves.Only Anarcho-Capitalism will free us, and the State has nothing to offer. Philosophy, and science are the key to free us, politics, and religion have no solutions. The crash is inevitable, and the socialist nonsense is over, time to go back to the free market, as the Free Market is the only viable economy.

[phospholipasec]

@KevZen2000 The same people that utilize the state for enslavement will control your laissez faire economic utopia. They will dominate the gold, they will dominate industry, they will dominate thuggery. If you justify a minimal state for the purpose of protection against these things, then they'll dominate the state. Do you know what a pipe dream is?

[Zamolxx]

So you are trading corrupt people who run legitimate institutions, with corrupt people who run private business, real good choice dude. That's an other bullcrap axiomatic pseudoeconomy called austrian lunacy.

[hstone39]

We don't have any more time to be screwing around.

[DEMCAD]

@hstone39 GAME OVER! This depression is unavoidable.

[sowiesosso]

@DEMCAD The "crisis" is fake, it's all in your head.

[Zamolxx]

Oh this crisis is real, but not in the way it's presented. The worlds physical economy is in real danger and with it so is a large majority portion of the earth's population.

[curiousEGM]

@DEMCAD You have people losing their homes coupled by slowing home sales (all categories - exceptions are fake stats). You have got to see how quickly for sale/for lease signs are going up in NJ alone. Commerical RE space availablility is increasing at record speed. Who is going to occupy all these stores closing? Who? The more stores that close, the less jobs you have, the domino effect goes up. It is getting extremely dramatic in my neck of the woods. Soon, the effects will be evident.