Road to Depression
Argentines bang pots and pans to protest at government!
BUENOS AIRES, Argentina (PNN) - June 8, 2012 - Several thousand Argentines protested against the government of President Cristina Fernandez by banging pots and pans in front of the presidential palace in Buenos Aires late yesterday.
Pot-banging protests are highly symbolic in Argentina, stirring memories of the street demonstrations staged by angry savers, housewives and students dur
Debt up more than in all previous Congresses combined!
WASHINGTON (PNN) - June 1, 2012 - The Republican-controlled House of Representatives, which took office in January 2011, has enacted federal spending bills under which the national debt has increased more in less than one term of Congress than in the first 97 Congresses combined.
In the fifteen months that the Republican-controlled House of Representatives - led by Speaker John Boehn
AMBROSE EVANS-PRITCHARD: European debtors must pawn their gold for Eurobond Redemption!
LONDON, England - May 29, 2012 - The German scheme - known as the European Redemption Pact - offers a form of "Eurobonds Lite" that can be squared with the German constitution and breaks the political logjam. It is a highly creative way out of the debt crisis, but is not a soft option for Italy, Spain, Portugal, and other states in trouble.
Wealth manager says Greece will leave euro zone on June 18!
ATHENS, Greece (PNN) - May 28, 2012 - Greece will leave the euro zone on June 18 if the populist government wins the country’s elections on the 17, said Nick Dewhirst, director at wealth management firm Integral Asset Management.
Switzerland draws up euro zone collapse action plan!
GENEVA, Switzerland (PNN) - May 27, 2012 - Switzerland does not foresee a break-up of the euro zone but is nonetheless drawing up an action plan in the event of its collapse, the country's central bank chief said on Sunday.
Lloyd's of London preparing for euro collapse!
LONDON, England (PNN) - May 27, 2012 - Richard Ward, CEO of Lloyds of London, said the London market had put in place a contingency plan to switch euro underwriting to multi-currency settlement if Greece abandons the euro.
EU tyranny is wrecking Portugal motorways!
LISBON, Portugal (PNN) - May 25, 2012 - Mike Beggs is a regular business traveler to Europe and he has watched the European project break down into chaos over the last few years. This is his report on his recent trip to Portugal.
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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