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wmk
07-04-2009, 04:22 PM
Cities Collapsing throughout the USA
With enough abandoned lots to fill the city of San Francisco, Motown is 138 square miles divided between expanses of decay and emptiness and tracts of still-functioning communities and commercial areas. Close to six barren acres of an estimated 17,000 have already been turned into 500 "mini- farms," demonstrating the lengths to which planners will go to make land productive.
The city, like the automakers, has to shrink to match what's left, said June Thomas, a professor of urban and regional planning at the University of Michigan in Ann Arbor.

"The issue is how," she said. "There's no vision."
"People are moving out of the city, trying to find work," said David Martin of Wayne State University's Urban Safety Program. Those who stay "can't afford to move out."

"Property abandonment is getting so bad in Flint that some in government are talking about an extreme measure that was once unthinkable -- shutting down portions of the city, officially abandoning them and cutting off police and fire service.
...
[Mayor] Brown said that as more people abandon homes, eating away at the city's tax base and creating more blight, the city might need to examine "shutting down quadrants of the city where we (wouldn't) provide services."
He did not define what that could mean -- bulldozing abandoned areas, simply leaving the vacant homes to rot or some other idea entirely."

"Cul-de-sac neighborhoods once filled with the sound of backyard barbecues and playing children are falling silent. Communities like Elk Grove, Calif., and Windy Ridge, N.C., are slowly turning into ghost towns with overgrown lawns, vacant strip malls and squatters camping in empty homes."

"In its depth and suddenness, the U.S. economic and financial crisis is shockingly reminiscent of moments we have recently seen in emerging markets (and only in emerging markets): South Korea (1997), Malaysia (1998), Russia and Argentina (time and again).
...
But there’s a deeper and more disturbing similarity: elite business interests—financiers, in the case of the U.S.—played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them."


http://thecomingdepression.blogspot.com/2009/04/cities-collapsing-throughout-usa.html

ironwill
07-04-2009, 04:31 PM
well i lived in that area for a long time and it already looked like a future sci fi movie, so i see it getting worse...scary, it will be a drug zone free for all soon....WOW, we havent even come close to seeing the end of all this...

wmk
07-04-2009, 04:46 PM
Ya, I agree that we are not even close to seeing the end of this. The next bubble that is starting to collapse is commercial real estate. The money that is involved in commercial industry, from shopping malls, to box stores, and office buildings is going to make subprime mortgages look like a walk in the park. Add on to the debt that people carry now, credit cards, line of credit, huge mortgages, car payments, and such a heavy tax burden. It will be interesting to see how things will end up reseting, and seeing how much longer that this current financial system will stay together for.

Just google tent cities in the US... This was unheard of a few years ago.

ironwill
07-04-2009, 04:59 PM
Ya, I agree that we are not even close to seeing the end of this. The next bubble that is starting to collapse is commercial real estate. The money that is involved in commercial industry, from shopping malls, to box stores, and office buildings is going to make subprime mortgages look like a walk in the park. Add on to the debt that people carry now, credit cards, line of credit, huge mortgages, car payments, and such a heavy tax burden. It will be interesting to see how things will end up reseting, and seeing how much longer that this current financial system will stay together for.

Just google tent cities in the US... This was unheard of a few years ago.
i dont know because i havent been there , but my friend was in las vegas and said the crane crews are very busy, ....taking down projects started, but cant be completed due to lack of funds....they are removing steel structures for resale, and so they dont get eaten away by oxygenation....scary stuff...again, i dont know if its true for sure...

wmk
07-04-2009, 05:04 PM
In downtown Calgary an incomplete high rise was abandoned due to bankrupties from March 2008. My buddy who is an engineer, downtown calgary was just laid off. They closed two entire offices in other buildings and are running a skeleton crew in the office that is still open. My colleagues have similar stories of job cut backs from their spouses.

wmk
07-04-2009, 05:07 PM
Also check out the video from this thread on Gerald Celente and the doom he is predicting. I have been following the guy for 3 years now, for my investments and he has been spot on everything. That is what has me freaking out is his accuracy and what he is predicting for the next few years.

http://www.canadabodybuilding.com/forums/showthread.php?t=6665

420
07-04-2009, 05:10 PM
Yo we're lucky Calgary is doing pretty ****en good compared to other places during these shitty economic times.

Bowlcut
07-04-2009, 10:08 PM
Yo we're lucky Calgary is doing pretty ****en good compared to other places during these shitty economic times.

Dont worry. Harper and the rest of the ZOG are doing their best to make things worse.

champcar99
07-04-2009, 10:13 PM
People of the USA can thank their politcal leaders for letting this happen...