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.

Cartoonist BEN GARRISON www.grrrgraphics.com

Libor Perp Walks Before the Election, but No Perp Walks for Rate Manipulation by Central Banks 

I’m shocked and appalled that the Libor fiasco could even occur in our modern, highly ethical, and transparent financial sector. Banks misreporting anything.... unheard of. Nevertheless, it occurred. Not just once, but from get-go. And everyone and his dog, even Treasury Secretary Timothy Geithner, back in 2008 when he was still President of the New York Fed, knew about it. Click to read more ...

The Train That Broke California’s Back 

Contributed by Chriss Street. California is facing a $19 billion budget deficit, shorted K-12 public schools $8 billion, and is releasing imprisoned rapists into “community probation” when the Legislature’s Democratic majority voted last week to approve selling $4.6 billion in state bonds to build 130 miles of railroad track through farm country in Central California. They were desperate to get their paws on $3.3 billion in federal grants. But Moody’s may have just torpedoed California.  Click to read more ...

  

 

Ouch! The Wine Bubble Blows Up 

I love wine, but I’m leaning towards Californian wines; they’re awesome and grow in my extended neighborhood. More precisely, I love drinking wine, not keeping it locked up in a refrigerated vault, and certainly not investing in it. Hence, I have little sympathy for those who were buying high-dollar French wines for the purpose of investing in them, instead of drinking them, and I certainly don’t feel sorry for them in their plight. But a plight it is.  Click to read more ...

 

“Confiscate, Secretly and Unobserved”

When inflation isn’t particularly hot, it’s praised as something desirable.... Alas: “Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily.” John Maynard Keynes. Click to read more ...

 

 

Piling Up: The Detritus of Failed Stimulus Policies 

“Ugly” doesn’t even describe it. I’m not talking about today’s ISM index of US Manufacturing, which was quite ugly, dropping to the worst level since 2009; and whose all-important New Orders index was beyond ugly. And I’m not talking about today’s Global Manufacturing PMI, which was truly ugly, seeing its lowest level since June 2009. These are volatile indices that might turn around on a dime, though that appears to be wishful thinking.  Click to read more ...

  

 

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