Road to Depression
The Swiss are now at a negative interest rate due to the Russian ruble collapse!
ZURICH, Switzerland (PNN) - December 19, 2014 - The initials SNB for the Switzerland’s central bank, the Swiss National Bank, are about to become just as familiar as the initials ECB for the European Central Bank. Today, the SNB announced it would cut interest rates for banks that keep large amounts of money at the SNB to -.25%. Yes - a negative interest rate.
Amerikan citizen employment levels still below 2007!
Illegal immigrant working levels are up since then.
WASHINGTON (PNN) - December 19, 2014 - Illegitimate dictator President Barack Obama recently announced plans to illegally give legal status and work permits to millions of illegal immigrants. The Fascist Police States of Amerika continues to admit over one million permanent legal immigrants a year, and many members
Russia defends ruble with biggest rate rise since 1998!
MOSCOW, Russia (PNN) - December 16, 2014 - Russia took its biggest step yet to shore up the ruble and defuse the currency crisis threatening its stricken economy.
In a surprise announcement just before 1:00 a.m. in Moscow, the Russian central bank said it would raise its key interest rate to 17% from 10.5%, effective today. The move was the largest single increase since 1998, when Ru
China’s treasury holdings fall to lowest since February 2013!
NEW YORK (PNN) - December 16, 2014 - China’s holdings of FPSA Treasuries fell to a 20-month low in October, as yuan appreciation indicated less of an impetus to buy the government securities.
Gold and Swiss franc fall after Swiss referendum!
NEW YORK (PNN) - November 30, 2014 - Gold prices fell the most in more than three weeks and the Swiss franc dipped slightly on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum.
Share of first-time home buyers hits 27-year low!
NEW YORK (PNN) - November 3, 2014 - Just 33% of primary residences sold this year were purchased by first-time buyers, down from 38% last year to the lowest level since 1987, according to the National Association of Realtors.
Moody's downgrades Russia debt!
NEW YORK (PNN) - October 17, 2014 - Moody's downgraded the Russia's debt by one notchFriday, citing the ongoing conflict in Ukraine, capital flight, andfalling oil prices. The debt rating is now Baa2, just two notches above "junk" status.
MORE ARTICLES
- Fascist Police States of Amerika regional bank stocks crash!
- FPSA pending home sales unexpectedly tumble in September!
- Which cities have the highest risk of a housing bubble?
- Gas prices fall below 90 cents a gallon at one Wisconsin gas station!
- Sixty percent of Amerikans won’t be able to cover basic necessities in a month or less!
- Southern Kalifornia home sales crash!
- The state of Amerika's debt slaves!
- New home sales decline 9.3%!
- FPSA retail store closings hit a new record high as west coast homelessness soars!
- Commentary: 1 in 4 Amerikans are completely broke and in no position to help themselves!
- Illinois official says state is in massive crisis mode!
- S&P and Moodys cut Illinois to near junk status!
- Five highly respected financial experts warn that a market crash is imminent!
- Greek debt deal collapses after 8 hours of negotiation!
- Crashing Canadian mortgage lender bailed-out by retired healthcare workers!
- Canada housing bubble explodes as its biggest mortgage lender crashes!
- FPSA home prices rise at the fastest pace since July 2014!
- Home sales crash to lowest level since 2008 as pricing reset gets underway!
- The number of new businesses in the FPSA is collapsing!
- Retail sales growth tumbles to 6-month lows!
- Tent cities full of homeless people are booming all over Amerika as poverty spikes!
- 1 in 6 working age males has no job under Obama!
- In 50 years this has never failed to trigger a bear market!
- Amerika’s hidden jobless rate is a product of a conspiracy!
- Today's layoff news!
- Spain's debt now worth more than value of the economy!
- FPSA homeownership falls to nearly its lowest level in history!
- The FPSA government has a $20.4 trillion retirement problem!
- One quarter of Amerikans in their prime working years are unemployed!
- FPSA existing home sales tumble in warning sign for housing market!
- New home sales unexpectedly plunge!
- Swiss politicians slam attempts to eliminate cash!
- FPSA CEOs unleash Depression fears in earnings calls!
- FPSA services economy slumps to weakest in 13 months!
- Wal-Mart is closing hundreds of stores and laying off thousands of employees!
- The worst ever stock market start is just the beginning!
- Brazil slides into the brink with industrial production down 12%!
- Baltic Dry Index careens to fresh record low!
- FPSA banks have 247 trillion dollars of exposure to derivatives!
- Spending was at an all time low for Black Friday this year!
- Puerto Rico debt bomb about to explode!
- Baltic Dry Shipping Index drops to all-time low!
- Latest payroll jobs numbers are false and misleading!
- Markets are back at panic levels!
- Ailing global economy starts to weigh on FPSA job market!
- The truth about unemployment in Amerika!
- Record 94,031,000 Amerikans not in labor force!
- Canada officially enters recession!
- Dow plunges 531 points!
- S&P 500 drops below trading range as global selloff intensifies!
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POLITICAL PARODIES
FAMOUS QUOTES
Thomas Macaulay
"The day will come [in the United States] when a multitude of people will choose the legislature. Is it possible to doubt what sort of a legislature will be chosen? On the one side is a statesman preaching patience, respect for rights, strict observance of public faith. On the other is a demagogue ranting about the tyranny of capitalism and usurers and asking why anybody should be permitted to drink champagne and to ride in a carriage while thousands of honest people are want of necessities. Which of the candidates is likely to be preferred by a workman?... When society has entered on this downward progress, either civilization or liberty must perish."
—Thomas Macaulay in his 1857 prediction
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