Cities Are Teetering on the Brink of Financial Collapse and Turning Into Ghost Towns

• Mike Adams predicts U.S. cities will face financial collapse, becoming “ghost towns” due to economic instability, population decline and crumbling infrastructure, with property values potentially dropping by 70 to 90 percent.
• Rural areas and conservative states, like Central Texas, are experiencing growth and rising property values as people flee collapsing urban centers, seeking stability and self-sufficiency.
• Declining tax revenues, unsustainable debt and mass property abandonment could devastate urban municipalities, particularly in “blue” cities and states.
• Adams foresees a stark divide between thriving rural communities and decaying urban centers, with cities like Chicago and Los Angeles potentially becoming crime-ridden “ghost towns” by 2029.
• Strategic investments in rural real estate and sustainable practices offer opportunities, but delayed action could lead to devastating consequences as societal and economic landscapes shift dramatically.

(Natural News)—Mike Adams is warning of a future United States with cities teetering on the brink of financial collapse and transforming into desolate “ghost towns,” while oft-overlooked rural communities experience a renaissance in growth and self-sufficiency.

Adams explored this stark dichotomy in chapter three of his book and audiobook “Ghost World: 2022-2032,” which paints a grim picture of urban decay driven by economic instability, population decline and the unintended consequences of government policies. As cities lose their tax base and infrastructure crumbles, rural regions are poised to become the new frontier for those seeking stability and security. This could reshape the American landscape in ways that could rival the economic upheavals brought on by the Great Depression a century ago.

The economic collapse of urban centers is rooted in a perfect storm of declining populations, plummeting property values and the erosion of essential services. Cities and states, already burdened by unsustainable debt and reliance on tax revenues, face a dire future as their working-class populations dwindle. Adams argues that the loss of income tax, sales tax and property tax revenue will devastate municipalities, particularly in “blue” cities and states where real estate markets are already vulnerable.

“In some areas, home values might drop by 70 percent or even up to 90 percent, leaving houses worth just one-tenth of their current value within five to six years,” Adams writes. This collapse will leave local governments unable to maintain roads, bridges, sewage systems and public safety infrastructure, creating a vicious cycle of decline.

The situation mirrors the 2008 subprime mortgage crisis but with a new twist: The potential for mass property abandonment. As homeowners face plummeting property values and banks issue loan recalls, many may simply walk away from their homes.

“If you purchased a home in California for $1 million and took out an $800,000 mortgage, but three years later your home is worth only half a million dollars, the bank will require you to pay down that loan to 80 percent of the current value,” Adams explains.

For many, this financial burden will be insurmountable, leading to widespread defaults and a cascade of economic fallout.

Rural America is poised to benefit greatly from the urban decay

Meanwhile, rural areas and conservative states are poised to benefit from this urban exodus. Central Texas, for example, has already seen property values surge by as much as 500 percent in just five years, driven by demand from those fleeing collapsing cities.

“Central Texas acreage that could be purchased for under $5,000 an acre is now fetching prices as high as $25,000 per acre,” Adams notes.

This trend is expected to continue as people seek refuge in regions where traditional values, self-reliance and open carry laws prevail. Rural communities are likely to see a resurgence in sustainability practices, from backyard farming to barter systems, as residents adapt to a new way of life.

The divide between thriving rural areas and collapsing urban centers reflects a broader societal shift. Adams predicts that cities like Chicago and Los Angeles could become “ghost towns” by 2029, ruled by crime and decay, while states like Texas, Florida and Idaho experience unprecedented growth.

“The streets will be empty, with weeds growing through the cracks in sidewalks – a scene reminiscent of New York City in ‘I Am Legend,'” he writes, referencing the 2007 post-apocalyptic film. This dystopian vision underscores the urgency of understanding and preparing for the economic and demographic changes ahead.

Historically, such shifts are not unprecedented. The decline of industrial cities like Detroit in the late 20th century offers a glimpse of what could happen on a larger scale. However, the current crisis is compounded by the erosion of trust in institutions, the rise of alternative currencies and the growing appeal of self-sufficiency.

As Adams warns, “The coming years will test our resilience and adaptability as we navigate these unprecedented times.”

For those who recognize these trends early, there is opportunity amidst the chaos. Strategic investments in rural real estate, local businesses and sustainable practices could yield significant rewards. But for the majority, the consequences of being late to act could be devastating.

As Adams concludes, “Where you choose to reside will significantly impact your future experience in the face of societal change.”

Listen to chapter three of “Ghost World: 2022-2032” by Mike Adams, the Health Ranger.

This video is from the Health Ranger Report channel on Brighteon.com.

Sources include:

• Audiobooks.NaturalNews.com
• Brighteon.com