Road to Depression

One quarter of Amerikans in their prime working years are unemployed!

on . Posted in Road to Depression

NEW YORK (PNN) - March 27, 2016 - Did you know that when you take the number of working age Amerikans that are officially unemployed and add that number to the number of working age Amerikans that are considered to be “not in the labor force”, that gives us a grand total of 102.5 million working age Amerikans that do not have a job right now? When you look at only Amerikans age 25 to 54 - in their prime working years - 23.2% of them are unemployed right now.

New home sales unexpectedly plunge!

on . Posted in Road to Depression

NEW YORK (PNN) - February 24, 2016 - Today’s new homes sales report was a disaster. Sales fell 9.2% overall, sales in the west plunged 32%, the median price fell 5.7%, and supply rose to 5.8% from 5.1%.

The Econoday consensus estimate was 520,000 (seasonally adjusted annualized) in a range of 505,000 to 550,000. The report shows 494,000.

Swiss politicians slam attempts to eliminate cash!

on . Posted in Road to Depression

Compare paper money to a gun defending freedom.

BERN, Switzerland (PNN) - February 18, 2016 - In a world in which QE has failed, and in which the ice-cold grip of NIRP has to be global in order to achieve its intended purpose of forcing savers around the world to spend the taxed product of their labor, one thing has to be abolished: cash.

FPSA banks have 247 trillion dollars of exposure to derivatives!

on . Posted in Road to Depression

Financial Armageddon approaches.

NEW YORK (PNN) - December 29, 2015 - Did you know that there are 5 “too big to fail” banks in the Fascist Police States of Amerika that each have exposure to derivatives contracts in excess of 30 trillion dollars? Overall, the biggest FPSA banks collectively have more than 247 trillion dollars of exposure to derivatives contracts. That is an amount of money that is more than 13 times the size of the FPSA national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment.

Spending was at an all time low for Black Friday this year!

on . Posted in Road to Depression

Corporations lost billions.

NEW YORK (PNN) - November 29, 2015 - For years, Black Friday brawls and rampant materialism on the day after Thanksgiving have become a sort of twisted Amerikan celebration. However, each year the excitement continues to die down as people reject the Black Friday antics and instead do their shopping online or on other days. According to a survey by the National Retail Federation, Black Friday attendance was down over 3%, from 58.7% last year to 55.1% this year.

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