Road to Depression

Prepare for a massive market meltdown!

NEW YORK (PNN) - November 13, 2012 - The markets are going to go into meltdown soon, so expect stocks to lose 20% of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday.

Road to Depression

EU and IMF clash over Greece revives debt crisis fears!

ATHENS, Greece (PNN) - November 13, 2012 - A public clash between Greece's international lenders over how Athens can bring its debts down to a sustainable level has reignited fears that Europe's troubles could flare up anew.

Road to Depression

China and Russia are acquiring gold and dumping US dollars!

NEW YORK (PNN) - November 11, 2012 - There is evidence that central banks in several regions of the world are building up their gold reserves. A large part of these Central Bank purchases of gold bullion are not disclosed. They are undertaken through third party contracting companies, with utmost discretion.

Road to Depression

Financial stocks cringe after Obama is unlawfully re-elected!

NEW YORK (PNN) - November 7, 2012 - Financial stocks are less than enthusiastic about an Obama second term.

Fascist Police States of Amerika stocks plunged across the board on Wednesday, the day after illegitimate President Barack Obama was unlawfully re-elected. His “re-election” is unlawful because he is constitutionally disqualified from serving as president.

Road to Depression

How will the Fed react to Hurricane Sandy?

NEW YORK (PNN) - November 1, 2012 - There’s already talk on Wall Street about the possibility of the Federal Reserve providing further monetary accommodation in response to the damage wrought by Hurricane Sandy.

Road to Depression

Sweden pays jobless youths to move to Norway!

SODERHAMN, Sweden (PNN) - October 31, 2012 - Under a scheme organized by the local authorities in the town of Soderhamn and by Sweden's national employment office, anyone aged between 18 and 28 can volunteer to take a "Job Journey" to Oslo, Norway, and attempt to track down gainful employment there.

Road to Depression

UBS announces up to 10,000 job cuts!

ZURICH, Switzerland (PNN) - October 30, 2012 - Swiss banking giant UBS intends to cut nearly 10,000 jobs worldwide in a restructuring of its hard-hit investment bank, the group said on Tuesday, reporting that reorganization costs had pushed it deep into loss in the third quarter.