Road to Depression
High household debt may be biggest hurdle to U.S. recovery!
NEW YORK - July 5, 2011 - Two years ago, U.S. officials said the worst recession since the Great Depression ended. The stumbling recovery has also proven to be the worst since that economic disaster of the 1930s.
Minnesota shuts down government!
MINNEAPOLIS, Minnesota (PNN) - July 1, 2011 - Minnesota's state government began a broad shut down on Friday going into the Independence Day holiday after Democrat Governor Mark Dayton and Republican legislative leaders failed to reach a budget deal.
Parts of the government had already begun to shut down on Thursday ahead of the midnight budget deadline, including some websites and d
Silver may drop 11 percent next month amid selloff!
NEW YORK - June 29, 2011 - Silver prices that have slumped from a 31-year high in April may drop a further 11% by the end of next month, according to technical analysis by Fain Shaffer, the president of Infinity Trading Corp.
Ron Paul says U.S. should declare bankruptcy!
NEW YORK - June 28, 2011 - How should the United States deal with its growing debt problem? Ron Paul thinks declaring bankruptcy might be a good idea.
The Texas congressman and Republican presidential candidate was discussing Greece's fiscal trouble with Iowa radio host Jan Mickelson on Monday when he was asked, "If bankruptcy is the cure for Greece, is it also the cure for the Unite
Greek police clash with rioters as general strike turns violent!
ATHENS, Greece - June 28, 2011 - Greek police clashed with groups of hooded youths in central Athens on Tuesday at the start of two days of strikes and protests against cuts demanded by international lenders as the price for more financial aid.
As Greece teeters on the edge of bankruptcy, Parliament is due to vote this week on a package of spending cuts, tax increases and privatizati
Deutsche mark set for comeback in Germany!
LONDON, England - June 27, 2011 - Rumors are rife that the deutsche mark may be re-introduced in Germany and the euro shelved as the country's official currency.
There is speculation that deutsche mark bank notes are being printed again in preparation for ditching the euro. It's said that Germany's Central bank, Bundesbank, has been ordered to print marks as part of contingency plans
Teen flash mob robs Sears!
PHILADELPHIA, Pennsylvania - June 27, 2011 - Police in Pennsylvania say dozens of teenagers invaded a Sears store with the "flash mob" making off with thousands of dollars worth of merchandise.
Police said they believe the raid on the store in the Philadelphia suburb of Upper Darby Thursday was organized through social networking, though which site was involved was unclear, the P
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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Dwight D. Eisenhower 2
“If all that Americans want is security, they can go to prison. They’ll have enough to eat, a bed and a roof over their heads. But if an American wants to preserve his dignity and his equality as a human being, he must not bow his neck to any dictatorial government.”
— Dwight D. Eisenhower
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