Road to Depression
New Zealand loses its AAA status!
AUCKLAND, New Zealand - September 30, 2011 - New Zealand has lost its AAA grades on local-currency debt at Fitch Ratings and Standard & Poor’s, which both cited concerns about the nation’s fiscal burden. Benchmark government yields rose the most this year.
The outlook is stable after the long-term local-currency rating was reduced one level to AA+ and the foreign-currency rating
Emerging nations top up gold reserves!
PERTH, Australia - September 29, 2011 - Emerging market countries are continuing to top up their gold reserves, with Russia, Thailand and Bolivia among those to add to their holdings in August, as developing economies continue to diversify away from traditional reserve currencies, including the U.S. dollar.
Recently, emerging market central banks have bought gold in reaction to the s
Cities with the highest and lowest unemployment rates!
NEW YORK - September 28, 2011 – While unemployment rates fell in some large U.S. cities in August, there remained zero job growth nationwide, as the Second Great Depression in the United States continues.
New home sales slide for fourth straight month!
NEW YORK - September 26, 2011 - New home sales fell once again in August, the fourth straight month of declining sales for the beleaguered home building market.
Hundreds sell their burial plots to make some quick cash!
PALM CITY, Florida - September 25, 2011 - Holly Purkey, 28, is one of many Floridians trying to sell her pre-purchased burial plots for some quick cash. She is selling two burial plots in Forest Hills Memorial Park in Palm City.
Swiss stock exchange bets on gold!
GENEVA, Switzerland - September 24, 2011 - Is gold becoming the new currency? The Swiss stock exchange will soon offer clients the possibility of having post-trade profits paid out in gold.
Introducing the new service, post-trade specialists operating on the Swiss stock exchange Six Securities Services (a subsidiary of Six Group, owner of the Swiss stock exchange) said the new paymen
Moody’s downgrades Greece and Slovenia!
London, England - September 23, 2011 - Moody's credit rating agency issued two credit downgrades in the crisis-hit eurozone on Friday, marking down leading Greek banks by two notches and Slovenian debt by one notch.
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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Aldous Huxley 1
"A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have to be coerced, because they love their servitude. To make them love it is the task assigned, in present-day totalitarian states, to ministries of propaganda, newspaper editors and...teachers."
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