bankrupt

Bankruptcy Wave Has Begun and Many More Are Coming! Mispriced Markets End Badly

source / The Money GPS It was obviously expected to happen. More people not in the workforce, businesses shuttered, yo-yo policies, and a rapidly changing economic landscape have all collided to form what will now unfold in 2021. There is an understanding that the Fed has everyones back. Sadly, this could not be further from […]

Puerto Rico Just Became the First U.S. Territory to Declare Bankruptcy

(ANTIMEDIA) Puerto Rico — For the first time in American history, a territory claimed by the United States is filing for what is essentially bankruptcy.
On Wednesday, the New York Times reported that Puerto Rico, which the U.S. appropriated following the Spanish-American War, has just claimed in a New York federal court filing that due to its massive debt, the island is “unable to provide its citizens effective services.”

Why 25,000 Detroit Residents Will Soon Have Their Water Turned Off

The city of Detroit may be bankrupt financially, but moral bankruptcy abounds as well as city officials began handing out notices to as many as 25,000 residents to tell them that they have ten days to pay or their taps will be turned off.
“We want the water shut-offs to end. Period. End of story,” says DeMeeko Williams of the Detroit Water Brigade.

Bankrupt Detroit Still Paying For Fluoride – Even During Water Shut Down

As evidence and studies continue to mount against public water fluoridation, cities that continue to do so risk individual legal action for damages and human rights violations for force-medicating. In Detroit, after becoming the largest American city to file for bankruptcy, there is a move to quickly begin water shutoffs to “protect the city’s budget.” Yet there is still money to be found by the city to purchase hydrofluorosilicic acid (fluoride) from private companies to add to the water supply. In fact, it’s mandated by Detroit city ordinance: