Road to Depression
AMBROSE EVANS-PRITCHARD: Eurozone debt crisis spreads to Belgium!
By Ambrose Evans-Pritchard
LONDON, England - December 15, 2010 - Europe's debt woes have moved closer to the core of monetary union after Standard & Poor's threatened to downgrade Belgium over the failure of Flemings and Walloons to form a government.
The warning comes a day after the International Monetary Fund said Belgium "urgently needed" to control spending as public
Fed monopoly could be broken if Amerikans use gold and silver!
WASHINGTON - December 15, 2010 - As the incoming chairman of the House monetary policy subcommittee, Rep. Ron Paul (R-Tex.) will hold the bully pulpit when it comes to the nation's money woes.
He's not wasting any time getting right to the heart of the matter.
U.S. tax plan threatens top credit rating!
LONDON, England - December 13, 2010 - The deal reached by U.S. lawmakers to extend tax cuts and unemployment benefits will spur economic growth, but brings the country’s vaunted triple-A credit rating one step closer to the chopping block.
Moody’s Investors Service, Inc. on Monday warned the proposed package will worsen the country’s already stretched finances. That deteriorati
Bank of America begins refiling foreclosures!
NEW YORK - December 13, 2010 - Bank of America restarted about 16,000 home foreclosure cases across the United States earlier this week, a company spokesman said Friday.
Bank of America spokesman Dan Frahm said the bank notified its outside attorneys on Monday to resume foreclosure proceedings on the first significant amount of homes since the bank lifted its repossession ban in Octo
AMBROSE EVANS-PRITCHARD: The eurozone is in bad need of an undertaker!
By Ambrose Evans-Pritchard
LONDON, England - December 12, 2010 - The EU’s Franco-German "Directoire" and the European Central Bank have between them ruled out all plausible solutions to the eurozone’s debt crisis.
Grocer A&P files for bankruptcy!
NEW YORK - December 12, 2010 - The Great Atlantic & Tea Co., best known to grocery shoppers as A&P, says it has filed for Chapter 11 bankruptcy protection.
The company, founded in 1859, says it will have access to $800 million in debtor-in-possession financing and that all of its 395 stores, which are located in eight states in the eastern U.S., are fully stocked and open for busines
Market alarm as U.S. fails to control biggest debt in history!
LONDON, England - December 11, 2010 - U.S. Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of the world’s largest economy have now risen by a quarter over the past four weeks.
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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"In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else, for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person's becoming in every facet an American, and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn't an American at all. We have room for but one flag, the American flag.. We have room for but one language here, and that is the English language... and we have room for but one sole loyalty and that is a loyalty to the American people."
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