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.

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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Wednesday
Apr092014

Peter Schiff Goes to Puerto Rico

By Nick Giambruno: Why Peter Schiff is moving some of his businesses, and himself, to fiscally troubled Puerto Rico: think perfectly legal low-tax paradise for American citizens.

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Wednesday
Apr092014

America’s Structural Unemployment Crisis in Two Charts

It didn’t even start with the financial crisis. It started before the 2001 recession. But the strategy exploded in 2009, and it’s still getting worse.

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Tuesday
Apr082014

DOJ Extracts $5 Billion from Anadarko “for 85 years of poisoning the earth”

By John Daly: It “tried to keep its rewards and shed its responsibilities by playing a corporate shell game, putting its oil-and-gas business in a new entity and leaving behind a bankrupt shell” with environmental liabilities of defunct, polluting businesses.

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Tuesday
Apr082014

The Top’s In! La Quinta And Ditech Are Back 

By David Stockman: IPOs have the busiest week since 2007. Look who is headlining: Ally Financial – disaster of auto and sub-prime housing loans known as Ditech and GMAC – and hotel chain La Quinta. To be shuffled off to the public at nosebleed multiples.

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Tuesday
Apr082014

Head of EU’s Newfangled Bank Regulator: Markets Are Dumb, Pumps Stocks Of Teetering Banks To Keep them From Toppling

It's not often that a bank regulator proclaims stocks of teetering banks are undervalued because markets are too dumb to value them correctly. That’s what Danièle Nouy, chair of the ECB’s Single Supervisory Mechanism just proclaimed. She has a motive.

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Monday
Apr072014

Tiny Maine Against Tax-Dodging Multinationals

By Abigail Field: While Congress cowers before lobbyists hired by multinationals and re-enacts loopholes that let corporations like GE and Apple hide their income from the IRS, the Legislature of the tiny State of Maine decided it had had enough.

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Monday
Apr072014

Hot Air Hisses Out Of Housing Bubble 2.0: Even Two Middle-Class Incomes Aren’t Enough Anymore To Buy A Median Home

Giant PE firms and REITs have become the largest landlords in the country over the last two years because “there was a moment in time where it made sense,” but now home prices are too high, the business model has collapsed, and buyers evaporate.

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Sunday
Apr062014

Another Day, Another Political Scandal In Spain’s ‘Mafia State’

By Don Quijones: Political corruption has already become synonymous with political leadership in Spain. But now there’s a spectacle of political hubris and impunity so farcical and obscene that it leaves no doubt in one’s mind: Spain is run by a mafia state!

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Saturday
Apr052014

Inflation Watch: Global Food Disruptions, Commodity Prices Soar

By Benjamin Shepherd: Global Inflation is relatively tame, but beneath the surface, food commodity indices are soaring. With implications in a globalized, interlinked world.

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Saturday
Apr052014

This Chart Is A True Picture of How QE “Solved” The Unemployment Crisis In America

A very inconvenient chart. Inconvenient for the Fed – it turns their rhetoric upside down.

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Friday
Apr042014

Christine Lagarde Is Clueless: 70 Words Of Keynesian Claptrap

By David Stockman: The world’s official economic institutions are run by people who believe in monetary fairy tales. The 70 words from IMF head Christine Lagarde are par for the course. She asserts that “low-flation” is the obstacle to economic growth in Europe.

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Friday
Apr042014

“Champion in value destruction”: Russian Businesses Suffocating Under Putin's Political Agendas

Russia doesn't need sanctions for its economy to slither into trouble. Last year, growth slowed to 1.3%, worst in four years. This year started out even shakier. The current entanglements are knocking the economy into outright recession, and fast.

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Thursday
Apr032014

Do-Nothing Congress Does Something: Gives GE A Big Tax Break

By Abigail Field: Today, Congress started the process of enacting the “GE Loophole.” If Congress did nothing, billions more would flow into the treasury, enough to cover the $10 billion tab for extending unemployment benefits.

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Thursday
Apr032014

Google Stock Split Should Have Icahn Fuming!

By Tim Parker: You’d think Google’s stock split would have activist investor Carl Icahn making a lot of noise; the power play preserves the unchallengeable control the company's leaders have over the company. But Icahn has been quiet.

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Thursday
Apr032014

Turns Out, Even The Price of Beer Is Rigged

Everything is rigged. Stock markets, forex, interest rates, gold, silver, oil.... After battling that rigged world all day, you finally get to take that first big gulp of beer to heal the wounds, knowing that it’s the one thing that hasn’t been rigged against you. Or so you'd think.

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