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redsamurai
Banned
Dude, it hasn't been cool to say "doh" in probably 10-15 years. Do you have to be so old and tired all the time?
Detroit officially declares Bankruptcy
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Dude, it hasn't been cool to say "doh" in probably 10-15 years. Do you have to be so old and tired all the time?
redguru
New member
There are 10 types of people in this world. Those that know binary and those that don't.
Bwahahahahaha!!
My stupid fucking wife doesn't get it
And i'm not gonna tell her shit
My stupid fucking wife doesn't get it
And i'm not gonna tell her shit
redsamurai
Banned
Detroit Will be Democracy's Decisive Battle
"Orr admitted that he never even raised the subject of getting the state to help Detroit out of its fiscal difficulties. And, why would he? His mission is not to save the city, but to break it into auctionable pieces and to garnishee its remaining revenue streams for bankers. His opening fiscal reorganization plan would pay off Bank of America and UBS, who have already made millions on a 2005 derivatives scheme with the city, establishing Britain’s Barclay’s Bank as the super-priority creditor with dibs on $4 million a month in Detroit casino revenues if the city defaults.
To ensure that the city can never escape the clutches of capital, the contract would allow Barclay’s to immediately declare Detroit in default if Emergency Financial Manager rule is ended for any reason – that is, the corporate plan calls for the permanent cessation of democracy in Detroit.
That’s the plan for the whole country. Wall Street recognizes that it cannot effectively consume the public sphere as long as the public retains the electoral democratic mechanisms to stop it. In other words, concentrated capital can no longer coexist with even the thin gruel of American democracy. The Black polity is the weakest link in the U.S. democratic armor. White folks won’t protect it, and Black folks have the least resources to defend it. The generals of Wall Street have purposely chosen Detroit as the decisive battleground, where the power of massed capital will be hyper-charged by an endemic, unreconstructed racism that can reliably be expected to deny that democracy is really at stake, at all. It’s just, you know – “the Blacks.”
And even some Black folks will agree.
"Orr admitted that he never even raised the subject of getting the state to help Detroit out of its fiscal difficulties. And, why would he? His mission is not to save the city, but to break it into auctionable pieces and to garnishee its remaining revenue streams for bankers. His opening fiscal reorganization plan would pay off Bank of America and UBS, who have already made millions on a 2005 derivatives scheme with the city, establishing Britain’s Barclay’s Bank as the super-priority creditor with dibs on $4 million a month in Detroit casino revenues if the city defaults.
To ensure that the city can never escape the clutches of capital, the contract would allow Barclay’s to immediately declare Detroit in default if Emergency Financial Manager rule is ended for any reason – that is, the corporate plan calls for the permanent cessation of democracy in Detroit.
That’s the plan for the whole country. Wall Street recognizes that it cannot effectively consume the public sphere as long as the public retains the electoral democratic mechanisms to stop it. In other words, concentrated capital can no longer coexist with even the thin gruel of American democracy. The Black polity is the weakest link in the U.S. democratic armor. White folks won’t protect it, and Black folks have the least resources to defend it. The generals of Wall Street have purposely chosen Detroit as the decisive battleground, where the power of massed capital will be hyper-charged by an endemic, unreconstructed racism that can reliably be expected to deny that democracy is really at stake, at all. It’s just, you know – “the Blacks.”
And even some Black folks will agree.
redsamurai
Banned
quote from Dan Gilbert, owner of the Cleveland Cavs and 2nd most owner of land in Detroit.
“As hard as that is to sort of suspend democracy, for a short period of time if you will, my view is, let’s get it over with,” Gilbert told NPR’s Morning Edition. “Let’s get it done. Let’s stop talking about it [and] go through the pain and then move forward, and I think it will fade into the background.”
He's talking about fucking over people who worked their whole lives and had absolutely nothing to do with the mismanagement of the city of Detroit. This is the new united states of america.
“As hard as that is to sort of suspend democracy, for a short period of time if you will, my view is, let’s get it over with,” Gilbert told NPR’s Morning Edition. “Let’s get it done. Let’s stop talking about it [and] go through the pain and then move forward, and I think it will fade into the background.”
He's talking about fucking over people who worked their whole lives and had absolutely nothing to do with the mismanagement of the city of Detroit. This is the new united states of america.
yep..
