Thursday, December 25, 2008

Detroit - Coming Soon To Everytown, USA

Detroit, once the hub of Industrial America, is now in shambles. The average home price has fallen in the neighborhood of $18,000. Yes, that's $18000. It's so bad, prisoners don't wanna leave prison. Crime has fallen because, get this, there NOTHING left to rob. Unemployment is 21% and rising. An example, if there ever was one, of what the regime of fiat currency can do to the real economy. Many more cities in America are awaiting a similar fate, if not worse, during the coming/ongoing Greater Depression. Shocking, but true.

Here's one.

And here's another:



This is NOT what a "superpower" nation looks like.

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