Friday, February 28, 2014

WALL STREET'S LOOTING of AMERICA - The rape of Detroit: Deindustrialization, financialization and parasitism

The rape of Detroit: Deindustrialization, financialization and parasitism

The bankruptcy of Detroit is the outcome of a process that spans many decades. Over the past 35 years, the American ruling class, represented by Democratic as well as Republican governments, has dismantled much of the industrial infrastructure of the country. It has shifted its money-making activities increasingly to parasitic and non-productive forms of financial speculation.

OBAMA'S BANKSTER CRONIES:

The financialization of the US economy—its increasing domination by a handful of Wall Street banks and hedge funds—has been dramatic. In 1980, the financial industry accounted for only 6 percent of corporate profits. Today it accounts for close to 50 percent.


Senators chide DOJ on tax cheats | TheHill


ASSAULT ON THE AMERICAN MIDDLE CLASS: HOW BARACK OBAMA, OBAMAnomics AND HIS LOOTING BANKSTERS FINISHED OFF DETROIT
 

http://mexicanoccupation.blogspot.com/2014/02/obamas-banksters-loot-detroit.html
 

On fifth anniversary of Wall Street crash, Obama tries the Big Lie technique


17 September 2013  




On Monday, US President Barack Obama marked the fifth anniversary of the Wall Street crash of September 15, 2008 with a White House speech that only underscored the unbridgeable chasm that separates the entire political establishment from the broad mass of working people.

 
http://mexicanoccupation.blogspot.com/2013/09/crony-capitalism-obama-celebrates-5.html


Forbes magazine reported that the wealth of the 400 richest Americans had climbed to $2 trillion, a jump from $1.7 trillion in 2012.

Wealth of world’s billionaires doubles since 2009…under Obama Bankster donors’ profits AND crimes have soared. So has poverty for Americans (legals), foreclosures and the number of illegals that get our jobs and welfare! Almost 70% of all illegals receive some kind of welfare along with our jobs!



11 November 2013  

Even as workers in the US and other countries have seen their incomes plummet, the combined net worth of the world’s billionaires has doubled since 2009, according to a report published Tuesday by UBS and Wealth-X, a consultancy that tracks super-rich individuals.
 
OBAMAnomics:


It is obvious that he was selected not merely for his political connections to the Obama administration and his credentials as a hatchet man for big business, but for his reputation and skill as a bankruptcy lawyer. They were planning to take Detroit into bankruptcy from the very beginning.


OBAMA and his CRONIES BANKRUPT AMERICA… then send the bills for their LOOTING to the AMERICAN MIDDLE CLASS

http://mexicanoccupation.blogspot.com/2014/02/obama-bankrupts-america-while-his_19.html


OBAMA’S CRONY BANKSTERS PARTY UP AND STILL GIVE THE AMERICAN PEOPLE THE MIDDLE FINGER

'Not when those foibles had resulted in real harm to millions of people in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.'

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