Road to Depression
Iran launches international oil bourse!
TEHERAN, Iran - July 13, 2011 - Iran's international oil bourse has officially been inaugurated on the Persian Gulf island of Kish for the convenience of international customers.
The Iranian oil bourse opened on Wednesday during a ceremony attended by Iran's First Vice President Mohammad Reza Rahimi, Economy Minister Shamseddin Husseini, and Caretaker of the Oil Ministry Mohammad Ali
Mayor sends layoff notices to city workers in union showdown!
CHICAGO, Illinois (PNN) - July 15, 2011 - Ganstretown Mayor Rahm Emanuel is sending layoff notices to about 625 city of Chicago employees and delaying 61 blocks of curb and gutter improvements and 76 blocks of sidewalk repairs after union leaders didn’t agree to work rule changes the mayor wants or offer alternate ways to cut costs by a deadline Friday.
Gold jumps to all time high on Euro fears!
NEW YORK - July 13, 2011 - Gold rallied to all time highs on Tuesday, as investors sought a safe haven on fears that European officials were failing to stop a debt crisis from spreading and uncertainty related to frantic U.S. talks to raise its debt limit.
After trading flat for most of the day, bullion suddenly spiked at the end of the U.S. pit session to extend its rally for a seve
Minnesota running out of booze and cigarettes due to government shutdown!
MINNEAPOLIS, Minnesota - July 13, 2011 - MillerCoors has been ordered to pull all of its beer products from Minnesota store shelves.
The Minnesota Department of Public Safety told the Minneapolis Star Tribune that the products had to be removed because the company did not renew its brand label registration before the government shutdown started.
Companies are fleeing Kalifornia!
NEW YORK - July 12, 2011 - Buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of Kalifornia companies are seeking friendlier business environments outside of the Golden State.
Governors around the country, smelling blood in the water, have stepped up their courtship of Kalifornia companies. Officials in states like Florida, Texas, Arizona and Uta
Greece set to default on massive debt burden!
BRUSSELS, Belgium - July 12, 2011 - European leaders bowed to the inevitable and conceded that Greece is likely to default on its massive debt burden, which would be a first among the 17 countries using the euro.
They also abruptly shifted tack in the eurozone debt crisis by raising the possibility of using the eurozone's bailout fund to buy back Greek debt on the markets, meaning si
Italy races to forefront of European debt crisis!
ROME, Italy - July 12, 2011 - Italy moved with alarming speed from the fringe of the European Union’s financial crisis to its very center as efforts to prevent the debt contagion from spreading beyond Greece, Ireland and Portugal failed, even threatening to engulf the United States.
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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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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