I have never been to Detroit. But I knew a thing or two about the city. Detroit is a city in USA. A rather famous city. If I'm not mistaken is is also known as the motor city. A US city full of ego and pride. In fact, in 1960, the city of Detroit had the highest amount of per-capita income of the entire United States of America.
But recently, we have been awakened by the news of Detroit bankruptcy. One of the biggest municipal bankruptcy in history. This is not about a company that bankrupt, but a whole city! This is really a big news indeed. A hot news when it surfaced on the first day. So many articles covering about it that I could not read all head articles.
But come second day the mainstream news stop talking about it. They amazingly try to paint a positive picture about it. Some even dare to tell tell us that Detroit will come back. Instead of worrying they tell us that you should check new royal baby of Prince William and Princess Kate. What a clever cover up.
Where is the big brother (Federal Government)? What happened to the so called great American dream? Where is Donald Rumsfeld? Where is George Bush? What happened?
Bankruptcy is no small matter. It is about disability to pay debt. A very shameful position. But above all, it is about the incompetence of current leadership to provide a good role model. This bankruptcy is just yet another signs that some big thing might come next. This is about the peril situation of the whole US economy. Just look at National Debt level. This bankruptcy is not the last of US cities. What about the bankruptcy of the United States itself?
After some time mainstream media will forget about this. They will tell that everything is under control. Nothing that can't be solved by our "esteemed" leaders. So life goes on. Go back to your shopping spree. Go back into partying. Go buy some chewing gum and Diet Coke.
They won't tell you that Federal Government is in the same exact situation as Detroit. They won't tell you that as early as 2008 the finance situation of Federal Government already in a worrying state. The reason why Detroit is bankrupt and Federal Government don't is that because Detroit can not print money just like Federal Government does.
Mainstream media is always like that. Sad.
They won't tell you that Federal Government is in the same exact situation as Detroit. They won't tell you that as early as 2008 the finance situation of Federal Government already in a worrying state. The reason why Detroit is bankrupt and Federal Government don't is that because Detroit can not print money just like Federal Government does.
Mainstream media is always like that. Sad.
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