Road to Depression

U.S. Mint sales of gold coins at highest level in three years!

NEW YORK (PNN) - May 1, 2013 - Sales of gold coins by the U.S. Mint rose to the highest since December 2009 after the price of the metal in April fell the most in 16 months.

Last month, sales totaled 209,500 ounces, up from 62,000 ounces in March, data on the mint’s website show. The amount for December 2009 was 231,500 ounces. Silver-coin sales rose to 4.2 million ounces from 3.36

Road to Depression

Detroit residents evicted and displaced by corporate interests!

DETROIT, Michigan (PNN) - April 30, 2013 - A new push is being made by corporations and banks in Detroit to drive even more working class, poor and nationally oppressed people out of the city. This is being illustrated by recent developments in the downtown area and its environs where low-income people are being forced to move from several apartment buildings.

Road to Depression

Widening impatience over European austerity hits politicians hard!

PARIS, France (PNN) - April 29, 2013 - With economic growth stuck near zero and unemployment rising, Europeans are increasingly impatient with the budget discipline imposed as part of the European Union’s showcase anti-crisis pact.

In France, the doubts have spread to President Francois Hollande’s Socialist Party and government, with officials suggesting that the debt-ridden

Road to Depression

Spain economy is now as bad as Greece!

MADRID, Spain (PNN) - April 25, 2013 - For most of us, the Great Depression is a distant abstraction most relevant as the last time the economy was worse than it has been lately. But for some unhappy Europeans, Depression-style living is a thing of the present.

The unemployment rate in Spain recently hit an astounding 27.2% for the first quarter of 2013, which is the highest it's bee

Road to Depression

Royal Mint sales of gold coins triple!

LONDON, England (PNN) - April 24, 2013 - In an unusual circumstance, yesterday the Fascist Police States of Amerika Mint announced it had halted shipments of the popular one-tenth ounce gold Amerikan Eagle coin because it had run out following a surge in demand for the coin.

Road to Depression

Chinese sues Fed over U.S. dollar devaluation!

KUNMING, China (PNN) - April 22, 2013 - In what could to grow into a class action in Fascist Police States of Amerika courts, a Chinese woman is suing the Federal Reserve after discovering that the real value of the $250 she put deposited into an account in 2006 had shrunk by 30%. She claims it was the result of the Fed issuing too much money, and her son and lawyer, Li Zhen, called the lawsuit

Road to Depression

Fitch reduces FUK rating!

LONDON, England (PNN) - April 19, 2013 - Fitch Ratings has downgraded the Fascist United Kingdom's long-term foreign and local currency Issuer Default Ratings (IDR) to 'AA+' from 'AAA'. The outlook is stable. At the same time, the agency has affirmed the FUK's short-term foreign currency rating at 'F1+' and the Country Ceiling at 'AAA'.