Detroit has over 150,000 abandoned buildings. It has 11,000 unsolved homicides. Police response times average almost an hours. Forty percent of the city's stoplights don't work. Almost half of all property owners are refusing to pay property taxes. In other words, Detroit is America's first third-world city. However, it is not going to be the only city to collapse. Other cities in various stages of Detroitification are Chicago, Baltimore, New York, Los Angeles, Oakland, San Diego, Portland, Providence, and Houston. Welcome to Eschaton!
The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Friday, August 23, 2013
Detroitification
Detroit has over 150,000 abandoned buildings. It has 11,000 unsolved homicides. Police response times average almost an hours. Forty percent of the city's stoplights don't work. Almost half of all property owners are refusing to pay property taxes. In other words, Detroit is America's first third-world city. However, it is not going to be the only city to collapse. Other cities in various stages of Detroitification are Chicago, Baltimore, New York, Los Angeles, Oakland, San Diego, Portland, Providence, and Houston. Welcome to Eschaton!
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