The Shock Doctrine: Motown, It's Our Town
We promise more to come in The Fallout of Bad Choices. However, we feel Motown, It's Our Town is a more prescient warning and you do need to pay attention.
Because its not just about the water shutoff's, its about The Shock Doctrine, and how disaster capitalism is being effected domestically by corporate cannibals. Read on, if you dare...
July 18th, 2013 - The city of Detroit, Michigan filed for Chapter 9 bankruptcy. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18 to 20 billion.
Detroit exceeds Jefferson County, Alabama's $4 billion filing in 2011. Before Jefferson happened, we Nattered here, here, here and here.
In Birmingham Alabama (74% minority), JP Morgan was convicted of bribing local power brokers and extracting millions in fees that turned a $250 million dollar sewer project in Jefferson County into a $3 billion debacle.
While the county slashed services and laid off almost 1,000 workers. JP Morgan settled in court for $1.6 billion, their profits soared, and their municipal-debt underwriting business - over $64 billion, including Detroit - remained mostly unscathed by the scandal.
Detroit is also the largest city by population in the U.S. history to file for Chapter 9 bankruptcy, more than twice as large as Stockton, California, which filed in 2012.
Since its mid 50's peak, Motown's population has dwindled from roughly 1.8 million to 700,000 of which 83% is African-American.
June 24th, news came that Detroit has started cutting off water to delinquent customers. The city has said nearly $90 million was owed on past due accounts.
The Detroit Water and Sewerage Department has stepped up collection efforts for residential and business water service, and water shutoffs rose from 500 in March to 7,200 in June.
About 80,000 of 176,000 Detroit, residential accounts are past due, so the city is turning off their taps.
People lose water if they’re more than 60 days behind or owe $150. The average overdue bill is $540.
(Source: Financial Post, June 23, 2014.)
The Nattering One muses... incidentally, on June 20th, the Detroit City Council raised the water and sewage rates by 8.7%.
But we suspect there's more than meets the eye here... and remember baby ducks, its all about the money, so always follow the money.
More to come in Part 2
Because its not just about the water shutoff's, its about The Shock Doctrine, and how disaster capitalism is being effected domestically by corporate cannibals. Read on, if you dare...
July 18th, 2013 - The city of Detroit, Michigan filed for Chapter 9 bankruptcy. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18 to 20 billion.
Detroit exceeds Jefferson County, Alabama's $4 billion filing in 2011. Before Jefferson happened, we Nattered here, here, here and here.
In Birmingham Alabama (74% minority), JP Morgan was convicted of bribing local power brokers and extracting millions in fees that turned a $250 million dollar sewer project in Jefferson County into a $3 billion debacle.
While the county slashed services and laid off almost 1,000 workers. JP Morgan settled in court for $1.6 billion, their profits soared, and their municipal-debt underwriting business - over $64 billion, including Detroit - remained mostly unscathed by the scandal.
Detroit is also the largest city by population in the U.S. history to file for Chapter 9 bankruptcy, more than twice as large as Stockton, California, which filed in 2012.
Since its mid 50's peak, Motown's population has dwindled from roughly 1.8 million to 700,000 of which 83% is African-American.
June 24th, news came that Detroit has started cutting off water to delinquent customers. The city has said nearly $90 million was owed on past due accounts.
The Detroit Water and Sewerage Department has stepped up collection efforts for residential and business water service, and water shutoffs rose from 500 in March to 7,200 in June.
About 80,000 of 176,000 Detroit, residential accounts are past due, so the city is turning off their taps.
People lose water if they’re more than 60 days behind or owe $150. The average overdue bill is $540.
(Source: Financial Post, June 23, 2014.)
The Nattering One muses... incidentally, on June 20th, the Detroit City Council raised the water and sewage rates by 8.7%.
But we suspect there's more than meets the eye here... and remember baby ducks, its all about the money, so always follow the money.
More to come in Part 2
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