Road to Depression
Tax refunds being used to pay for bankruptcy filings!
NEW YORK (PNN) - April 17, 2012 - More than 200,000 money-strapped households will use their tax refunds this year to pay for bankruptcy filing and legal fees, says a new study by the National Bureau of Economic Research.
China announces major policy change concerning yuan!
BEIJING, China - April 14, 2012 - China's central bank announced Saturday a slight easing of its controversial currency controls. It says it will allow the country's yuan to rise and fall by a slightly wider margin against the dollar in daily trading.
Stock and bond markets rocked by fears of Italian and Spanish debt spirals!
LONDON, England (PNN) - April 11, 2012 - Global stock and bond markets suffered a rout as traders fled the renewed specter of a euro zone default and fresh evidence of a global Depression.
Italy economy implodes!
ROME, Italy - April 10, 2012 - Today is a very bad day for Europe's weakest markets.
Both Italy and Spain are getting taken to the woodshed.
Unemployment benefits ending for those who still need them!
SEATTLE, Washington (PNN) - April 9, 2012 - It’s supposed to be good news - the unemployment rate is falling - but for some long-term jobless residents in Washington, it means they’re about to lose their unemployment benefits.
Violent protests erupt in Athens over debt suicide!
ATHENS, Greece - April 5, 2012 - Violent protests broke out in Athens last night after an elderly man committed suicide near the country's Parliament building, claiming he was distraught at the prospect of "looking in the garbage to feed myself".
Amerikans brace for next foreclosure wave!
GARFIELD HEIGHTS, Ohio (PNN) - April 4, 2012 - Half a decade into the deepest Fascist Police States of Amerika (FPSA) housing crisis since the 1930s, many Amerikans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than
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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Etienne de la Boetie
"It is incredible how as soon as a people becomes subject, it promptly falls into such complete forgetfulness of its freedom that it can hardly be roused to the point of regaining it, obeying so easily and willingly that one is led to say... that this people has not so much lost its liberty as won its enslavement."
—Etienne de la Boetie
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