Detroit, Criminalizing Poverty, and our Sad State of Affairs
If you thought this was bad:
SLUMS OF DETROIT: A LOOK AT THE HEART OF AMERICA’S 2ND MOST DESERTED CITY
Then check out this:
Criminalizing Poverty For Profit: Local Government's New Debtors Prisons
In other words, we are starting to lock away by criminalizing their situation. The Nazi's locked away Jewish people. This time it's going to be the poor. I'm not saying that being in poverty means you can do anything against the law but many of the laws we have here in the United States are aimed at a thriving economy with a solid middle class. This balance is starting to change. Our society is starting to reduce away from such standard. We don't have the money to criminalize petty actions any more. Locking these people away is costing much more than the value they add to the society by being free, abet irresponsible.
The banks and government are making us poor through inflation (and bail-outs). They continue to suck out our wealth to fund impossible ideals whether through taxes or inflation, they are the same. We need to stop this idea that both parties have of big government whether for the people or the corporations. Big is just not possible right now. Not with the Federal Reserve and Banking system stealing the wealth of the citizens by inflation and bailouts. We cannot afford to keep this up. Not with us, nor on the international scene.
This is some serious shit people. Every day America is looking more like Collapsing Fascist State: from the corporate control that we can CLEARLY see in the Health System Reform Bill changes, to criminalizing the poor, to perpetual war started on false pretenses, to the over-funding of the military industrial complex, to collapsing states, the commitment and preferential treatment for corporation and especially banks.
This whole system stinks. It smells to high hell of control, rigging, "cronyism," trickle up economics, and, well, fascism. Even the markets seem (in a few cases, are known) to be rigged.
The banking crisis: Till debt us do part
Some governments are borrowing so much that markets are becoming wary and may stop lending to them. Could this be the next leg of the crisis?
...
The big fear is that, if economies such as America and Britain were downgraded by the agencies and their borrowing costs rose, the effect would be felt throughout the credit markets, making it more expensive for businesses and emerging-market economies to borrow. It could set back the global economic recovery.It is not all one-way traffic. Some economies in Asia and Latin America have received upgrades or are about to get them. So far, however, they are outnumbered by countries facing downgrades.
If we get down graded, will the Chinese stop taking our fake dollars? What will happen to 95% of all products in Walmart?
Is Sovereign Debt the New Subprime?
To varying degrees, Greece, Spain, Ukraine, Austria, Latvia, Mexico are just a handful of the nations viewed at risk of defaulting. Meanwhile, Dubai only just avoided a similar fate thanks to a $10 billion bailout from their oil-rich neighbor Abu Dhabi.
...
Few investors seriously worry about an imminent default by the U.S. or the U.K. But with worries about Dubai's ability to pay its debts shaking markets across the globe in recent weeks, investors are on guard about which other countries might be in dire financial straights.
Who ever wrote this article was a moron. What happens in the future when the U.S or U.K. are imminently going to default? It may not be soon but we have $50-$60 Trillion in obligations coming due and that money isn't going to be from taxes or foreign governments or banks. The U.S. is too big to fail... This time we don't have anyone to bail us out.