DEBTOR NATION

VIDEOS

Wolf Richter On The Keiser Report
"Debtonomics and the NSA"

Wolf Richter on the Keiser Report
"Where Is The Fear"

Wolf Richter on Max Keiser's "On The Edge" 
"The Pauperization of America"

Wolf Richter on the Keiser Report
"Where the Money Goes to Die"

Clarke and Dawe: European Debt Crisis
Two favorite Australian Comedians

Clarke and Dawe: Quantitative Easing
Big industrial-strength printers, all facing the window

The Fastest Drive Ever Through San Francisco
Don't try to do this yourself
 

humanERROR - by "Frying Dutchman"
Powerful, lyrical appeal to the Japanese. Slams nuke industry, MSM, bureaucrats, and politicians.

Sunday
Apr202014

Draghi’s Bold Push For Creeping Defaults And Real Wage Cuts (Illustrated With Hilarious Cartoon)

There is nothing like a wealthy central bank chief admitting that he wants to, one, help governments default gradually on their debts; and two, cut the real wages of workers. An honesty the Fed never dared to exhibit when it inflicted waves of QE on American workers.

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Sunday
Apr202014

How To Screw Up Your Retirement In 10 Easy Steps

By Dennis Miller: There are many creative ways to screw up your retirement. Let me show you how it’s done.

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Saturday
Apr192014

Seed Wars: Latin America Strikes Back Against Monsanto

By Don Quijones: With more back channels and revolving doors to governments around the world, Monsanto is used to getting its way. But now it faces an outright rebellion.

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Friday
Apr182014

New Prime Minister of France: It All Hangs Together Or We’ll Hang Together (Warning: Biting Sarcasm)

By Hilary Barnes: Manuel Valls, the new Prime Minister of France, who has discreetly hinted that he hopes one day to be regarded alongside General de Gaulle as "the man who saved France" from itself, has found a new and fascinating definition of "austerity."

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Friday
Apr182014

IPO Craze Peaks, Investors Scurry Out of the Way, VCs Fret

“Everyone’s skating on thin ice” – Partner at a Venture Capital firm.

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Thursday
Apr172014

‘People Don't Grasp Yet What European Unification Will Cost Them’

By Cassandra: In the South of the Eurozone, people feel crushed, their future sacrificed on the altar of the Holy Euro. I’m in the Netherlands, so north of the Great Divide. We’re not suffering as much as the people in Greece, Spain, and Portugal. Not yet.

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Thursday
Apr172014

The Japanese Government Bond Market Freezes Up

By David Stockman: Now it has happened. For nearly two days there was not a single cash bid for the 10-year JGB in what is a $10 trillion market. At least for the moment, liquidity has dried-up completely. This is the canary in the Abenomics shaft.

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Thursday
Apr172014

Housing Bubble 2.0 Veers Elegantly Toward Housing Bust 2.0

They’re not even trying to blame the weather this time. “Housing affordability is really taking a bite out of the market,” is how the chief economist for the California Association of Realtors explained the March home sales fiasco. “We haven’t seen this issue since 2007.”

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Wednesday
Apr162014

Tax Dodging Corporations Cost You $1,259 Per Year

By Abigail Field, Attorney, Benzinga: Every year that multinational corporations and wealthy individuals lower their U.S. tax bills by stashing profits in off-shore tax havens, you pay more to cover their tab. The same is true for small businesses.

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Wednesday
Apr162014

What the Heck is Going on With US Treasuries In Belgium?

The tiny country of Belgium with a GDP of $484 billion, a country that became famous to the chagrin of some people because it did just fine for a couple of years without a national government – well, it’s growing an enormous mountain of US Treasuries.

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Tuesday
Apr152014

“Uncreative” Destruction: The Troika’s Hostile Takeover of Europe

By Don Quijones: The story is now playing out across Europe’s bailed-out nations. The losers are by and large the poor and middle classes, while the beneficiaries are the same as always: the world’s largest multinational corporations and banks.

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Tuesday
Apr152014

About That “Surge” In March Retail Sales

By David Stockman: We're entering the fifth season of head-fakes about “escape velocity” acceleration in as many years.

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Monday
Apr142014

What Happens When ‘All Assets Have Become Too Expensive?’

A report from the asset management and investment banking division of Groupe BPCE, the second largest bank in France, predicts what daredevil voices at the maligned margin of financial analysis have worried about for a while: another global financial panic.

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Monday
Apr142014

This Chart Shows When the Smart Money Saw The Abenomics Fail

This year has been lumpy for stocks around the world. Gone are the wild rallies followed by mild rallies interrupted by minor downticks, followed by more rallies. That’s so 2013. It's as if on December 31, someone turned off the spigot. But in Japan, it turned into a rout.

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Sunday
Apr132014

Meltdown America: Consequences of Economic Mismanagement

By Terry Coxon: What the consequences of economic mismanagement can be, and how stealthily disaster can creep up on you.

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Saturday
Apr122014

“It’s not a bubble,” Retail Investors Are Told As The Smart Money Bails Out

“Biotech Stocks’ Rout Perplexes Analysts” the WSJ headlined the phenomenon, as analysts continue to hype this stuff to small investors. But hedge funds are dumping stocks, and private equity firms are dumping their LBOs. That’s the Smart Money. They’re getting out.

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Friday
Apr112014

China’s Fractures Widens: Property Trust Sales Crash By 49%

By David Stockman: China’s credit bubble fed the largest construction boom in history, and property prices rocketed higher so persistently that people believe luxury condos they never intend to live in are the best savings account. Now the credit pyramids under it are faltering.

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Friday
Apr112014

Russia Loses Leverage with China on 'Holy-Grail' Gas Deal

By Nick Cunningham: Russia’s primary energy customer is Europe, which is now planning sanctions. That has accelerated the natural gas deal Russia is trying to hammer out with China. But they’ve been negotiating for years, the biggest sticking point being price!

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Thursday
Apr102014

Biggest Credit Bubble in History Flashes Warning: ‘Seek Cover’

Hidden in the IMF’s Global Financial Stability Report is a doozie of a chart. “Seek cover, implosion in sight,” it screams. It depicts the bubble in covenant-lite and second-lien loans, the same that helped blow up the banks in 2008. Only this time, they’re even worse.

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Wednesday
Apr092014

People In Eastern Ukraine: We Don’t Want To Be Annexed By Russia!

Armed pro-Russian separatists barricaded in official buildings in eastern Ukraine exhorted Uncle Putin to come to their aid. But sudden breath of fresh air: a poll found that an overwhelming majority of the people in that region want to remain part of Ukraine.

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