Road to Depression
BIS says global debt exceeds $100 trillion as governments binge!
GENEVA, Switzerland (PNN) - March 10, 2014 - The amount of debt globally has soared more than 40% to $100 trillion since the first signs of the financial crisis, as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.
Chinese government calls for global currency to replace FPSA dollar!
BEIJING, China (PNN) - February 6, 2014 - The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency. Lin, who is also a professor at Peking University, says that the Fascist Police States of Amerika dollar “is the root cause of global financial and economic crises” and that moving to a “global
36 FPSA cities in 20 states abandon the dollar!
NEW YORK (PNN) - February 5, 2014 - Recently, famed billionaire Warren Buffett warned we should "fear paper money," and with the Fascist Police States of Amerika dollar losing 38.5% of its value since 2002, Buffett's concerns are unfortunately justified.
However, he probably couldn't have imagined a secret currency crisis that's now developing very quickly across Amerika.
Argentina powerless as economy plummets!
BUENOS AIRES, Argentina (PNN) - January 30, 2014 - Argentina appears powerless in the face of the hemorrhage of the peso, as the central bank reported Thursday it had burned through $2.1 billion in reserves in January alone.
The government is struggling to beat back a mounting rush into dollars that has stoked 26% inflation despite price controls on many items and pressure on busines
China surpasses FPSA as world's largest trading nation!
BEIJING, China (PNN) - January 10, 2014 - China became the world's largest trading nation in 2013, overtaking the Fascist Police States of Amerika in what Beijing described as "a landmark milestone" for the country.
IMF warns of savings tax and mass write-offs as West's debt hits 200-year high!
By Ambrose Evans-Pritchard
LONDON, England (PNN) - January 2, 2014 - Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund.
Wall Street advisor recommends guns, ammo for protection in collapse!
NEW YORK (PNN) - December 26, 2013 - A top financial advisor, worried that Obamacare, the Amerikan Gestapo National Security Agency division spying scandal, and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Amerikans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive.
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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FAMOUS QUOTES
Dwight D. Eisenhower 2
“If all that Americans want is security, they can go to prison. They’ll have enough to eat, a bed and a roof over their heads. But if an American wants to preserve his dignity and his equality as a human being, he must not bow his neck to any dictatorial government.”
— Dwight D. Eisenhower
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