USA : Detroit files for Bankruptcy

[arista]

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/10189529/Detroit-files-for-bankruptcy.html


[Detroit has become the largest city in US history
to file for bankruptcy after accumulating
spiralling long term debt estimated at $18.5 billion. ]

http://www.marchandmeffre.com/detroit/24.jpg


It was on the cards
Obama Care has not helped this great city.





Sell it Direct To China - could be one way

[Roy Mars III]

about time

[Novo]

it's a wasteland, time to move everyone out and corner it off forever

[Roy Mars III]

50 + years of corruption and incompetence need to restart. No one who has never been realizes just how **** a city it is. It's like being in another country.

Funny enough fifteen minutes away is the 3rd richest county in America (the rich people who were driven out of Detroit)

no sympathy for the city

[arista]

it's a wasteland, time to move everyone out and corner it off forever



No use it for Future Film Sets
those that live there can be background extras



There are loads of Dead factorys
Ideal for Fight Scenes - CGI not needed alot etc.

[Z]

How can an entire city declare itself bankrupt? I say that both as a question and as a statement of disbelief. How did things get so bad? What happens when a city declares itself bankrupt? How can it recover? What does that mean for its residents?

[arista]

How can an entire city declare itself bankrupt? I say that both as a question and as a statement of disbelief. How did things get so bad? What happens when a city declares itself bankrupt? How can it recover? What does that mean for its residents?



Due to Un Paid Trillions


Its the only Way.





I would set up a Film Studio
With army guards

[Roy Mars III]

How can an entire city declare itself bankrupt? I say that both as a question and as a statement of disbelief. How did things get so bad? What happens when a city declares itself bankrupt? How can it recover? What does that mean for its residents?

cities go brankrupt all the time, just never one this big

[arista]

http://media.skynews.com/media/images/generated/2013/7/19/249118/default/v2/rtr3d3o9-1-402x293.jpg


I would buy that for a Dollar

[Scarlett.]

I think we all know who is gonna buy the city.

http://think-cc.com/wp-content/uploads/2013/05/robocop-ocp.jpg

[billy123]

I think we all know who is gonna buy the city.



Yes we do it will be bought to use as a dedicated zombie film set by Arista enterprises.

http://www.aristagroup.com/image/Arista%20Building.jpg

http://scrapetv.com/News/News%20Pages/usa/images-7/detroit-ghetto.jpg

[arista]

[Detroit bankruptcy puts $2.5 billion city art collection under threat as legal battle gathers pace
One of America's most acclaimed collections of publicly-owned artworks is under threat following the largest municipal bankruptcy in history. ]

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/10192616/Detroit-bankruptcy-puts-2.5-billion-city-art-collection-under-threat-as-legal-battle-gathers-pace.html

[arista]

http://i.dailymail.co.uk/i/pix/2013/01/26/article-2268696-172D4DEE000005DC-746_634x318.jpg

http://i.dailymail.co.uk/i/pix/2013/01/26/article-2268696-172DB538000005DC-520_634x303.jpg


"Investors seek to buy island from Detroit
and start a 'new nation' free of personal
and corporate income taxes, where everyone
has good credit and citizenship costs $300G"

Read more: http://www.dailymail.co.uk/news/article-2268696/Belle-Isle-Developer-wants-buy-island-Detroit-start-remarkable-new-nation.html#ixzz2aPopfxAI


He was on Stossel on
FoxNewsHD this morning
and confirmed some Workers with trades
will get on the island free.

[Z]

Intriguing...

[arista]

The Latest is Detroit to give homes for free
in Enterprise Zones
some homes is better places (there are a few)
are being bought by China and Japan.


Ref: Cashin' In (FoxNewsHD)

[Kizzy]

Who will be the fresh prince of belle isle?

[arista]

Who will be the fresh prince of belle isle?


I just hope all homes will get filled.


Its a sad City
so many leave in a street
those that are left
can not stop the stripping of those homes
every thing can be re used in another state
and they get it all free

[Scarlett.]

I heard they're planning on rolling out sort of 'Robot Policeman' in that city.

[lily.]

How can an entire city declare itself bankrupt? I say that both as a question and as a statement of disbelief. How did things get so bad? What happens when a city declares itself bankrupt? How can it recover? What does that mean for its residents?

This. I don't actually understand what the ramifications of this are..

I heard they're planning on rolling out sort of 'Robot Policeman' in that city.

Let it go man... You can't make robocop happen.. lol


Yes we do it will be bought to use as a dedicated zombie film set by Arista enterprises.

http://www.aristagroup.com/image/Arista%20Building.jpg

http://scrapetv.com/News/News%20Pages/usa/images-7/detroit-ghetto.jpg

PMSL!

[Kazanne]

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/10189529/Detroit-files-for-bankruptcy.html


[Detroit has become the largest city in US history
to file for bankruptcy after accumulating
spiralling long term debt estimated at $18.5 billion. ]

http://www.marchandmeffre.com/detroit/24.jpg


It was on the cards
Obama Care has not helped this great city.





Sell it Direct To China - could be one way

Aw,that building would make a great house,such a shame to see it like that.

[lily.]

It's tragic really. There will be loads of old architecture.

[arista]

Aw,that building would make a great house,such a shame to see it like that.



Yes Loads of Recent docu's on it
show great buildings - but no funding.


I would prefer China to buy it all.
At least then it would get cleared from decay

[arista]

This is wrong.


Some parts of the city - water is now being turned off (Re : FoxBusiness news)
thats not going to help matters

[lostalex]

How can an entire city declare itself bankrupt? I say that both as a question and as a statement of disbelief. How did things get so bad? What happens when a city declares itself bankrupt? How can it recover? What does that mean for its residents?

The city has a local Government, and that Government took out huge loans to fund it's operations and also welfare programs. Detroit is a dead city, it's no different than the ghost towns that dot the west when people were traveling west. the American auto industry collapsed, and Detroit was the capital of the American auto industry. Now it can't pay it's bills, hence, the city is in bankruptcy. When a city owes huge debts and has no feasible way of paying them back, they go into bankruptcy. it's not hard to understand. Detroit is ****ed. maybe we can sell Detroit to Canada? bargain basement prices!

It's kinda like New Orleans after Katrina, but instead of a natural disaster, it's a disaster of their own making.

Detroit borrowed a lot of money to pay for their local progams, and now they can't keep up with the debt. Because there are NO JOBS IN DETROIT. the economy collapsed and some lazy people stuck around hoping the government would support them forever. A city can't support itself if it has no jobs and no people paying TAXES to fund the government, so it went broke.

TLDR: American car industry moved overseas, no more jobs in Detroit. no more jobs in Detroit means no more taxes paid to the government, no more taxes paid to the Detroit government means they can't pay their debts. Detroit not being able to pay their debts means they are in bankruptcy.

[Kizzy]

Hang on didn't the UK move all their industry abroad....
Bit like shooting yourself in the nads isn't it?

[lostalex]

Hang on didn't the UK move all their industry abroad....
Bit like shooting yourself in the nads isn't it?

yea kiz, you get it.

[daniel-lewis-1985]

Ive never been there or read much about it but for some reason ive allways thought of Detroit as the slums.