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
Jun222014

The Stench Of Crony Capitalist Corruption At GM

By David Stockman: GM blamed a low-level engineer for its ignition switch fiasco. That doesn’t even merit an “oh puleese!” I speak from personal experience: I owned a supplier that was smashed to smithereens by GM’s engineering and purchasing bureaucracy. 

Click to read more ...

Saturday
Jun212014

The Global Corporatocracy Is Nearing Completion

By Don Quijones: Quietly, the rules governing global trade and financial markets are being changed. Despite the enormous impact they have on our lives, the public is not consulted. Most people are not even aware it is happening.

Click to read more ...

Saturday
Jun212014

TESTOSTERONE PIT (My Soul) Gets A New Name

No, I didn’t sell out, though I had an offer. Don’t worry, I won’t go mainstream. Or go soft on Wall Street. I won’t water down my sarcasm, either. But there are big changes coming.

Click to read more ...

Friday
Jun202014

Canary In A Handbag: Why Coach Hit The Skids

By David Stockman: Coach just had an earnings fiasco. Sales plunged 21%. Prospects are worse for the period ahead. Store closings are coming. That's the payoff for playing the destructive game of the Wall Street casino.

Click to read more ...

Friday
Jun202014

The French Government’s Many Special Opportunities To Cave

By Hilary Barnes: The impression that the French government was not going to cave to trade unions on its reform of the state rail system was wrong. After causing rail chaos for 10 days, trade union militants got what they wanted.

Click to read more ...

Friday
Jun202014

Last Time Corporate America Did This, The Stock Market Crashed

So what happens when these huge and reckless buyers with their nearly endless resources start cutting back after a phenomenal peak? Well, we know what happened in 2008.

Click to read more ...

Thursday
Jun192014

Interest Rates Are Setting Up for a Surprise Move

By Jeff Clark: There were no surprises in the Fed’s announcement yesterday. But interest rates may give us one anyway. Take a look at this chart of the 30-year Treasury bond yield.

Click to read more ...

Thursday
Jun192014

Thorium: Energy Savior or Red Herring?

By Andrew Topf: No-brainer? Thorium is abundant and reactors are more efficient than uranium reactors. They yield less waste, which is also less radioactive. So what's the snag?

Click to read more ...

Thursday
Jun192014

The Fed Rules, Metrics and Ratios Are Just for Decoration

The fundamental and largely invisible shift in Western economies from the markets to central management.

Click to read more ...

Wednesday
Jun182014

In Search Of Russia’s Lost Fracking Boom

By Scott Belinksi: Gazprom’s mega-deal with China sent shockwaves around the world. But Gazprom might not be able to honor the deal if shale reserves are not tapped soon. And that might not happen because capitalism à la russe is a harsh mistress.

Click to read more ...

Wednesday
Jun182014

Argentina’s Impending Default: Fancy Footwork is a Bad Idea 

By Bianca Fernet, Argentina: The clock is ticking. Fast. June 30 is a mere 12 days away.

Click to read more ...

Wednesday
Jun182014

It’s Official: Despite Media Hype, Eurozone STILL in Recession 

Politicians and Eurocrats have already taken credit for the recovery, and a whirlwind of backslapping has ensued – prematurely, it turns out.

Click to read more ...

Tuesday
Jun172014

A Horror-Show Called ‘Fed-Gate’ May Come To Your Bond Fund

By David Stockman: The headline is a thunderbolt: “Fed Looks At Exit Fees On Bond Funds”—exit fees designed to stop small investors from exiting bond funds in a crisis. But it could trigger the very kind of run on bond funds it’s designed to prevent.

Click to read more ...

Tuesday
Jun172014

Fed Issues Surreptitious Payments to Bank Welfare Queens At Taxpayer Expense

By Lee Adler: Here’s something I missed that started back in May, and it just got bigger. It makes me mad as hell. And it should make you mad as hell too.

Click to read more ...

Tuesday
Jun172014

Housing Hit the Wall of Wall Street in May

It always starts with a toxic mix: Home sales plunged and inventories jumped in May. The housing market is buckling under its own inflated weight.

Click to read more ...

Monday
Jun162014

Fed’s “mandate,” a fake license for perpetual money printing

By David Stockman:  These realities reflect a dangerous fiscal and social policy breakdown. They're also thumping proof that monetary policy has exactly nothing to do with employment conditions and job creation.

Click to read more ...

Monday
Jun162014

This Debt Is Explosive, And it Sits on the Shelf Everywhere, Waiting to go off

I was interviewed by Jorge Nascimento Rodrigues for "Janela na web" (a Portuguese site) and the printed edition of Expresso. After what I said, he might never interview me again :-]

Click to read more ...

Sunday
Jun152014

What Iraq’s Disintegration Means for Oil Markets

Executive Report, ISA Intel: OPEC’s 2nd largest producer has the 5th largest reserves in the world and is one of the last places with enormous amounts of underexplored low-cost oil.

Click to read more ...

Sunday
Jun152014

Sex, Drugs and Dodgy Accounting: Spain's New Growth Strategy

By Don Quijones: When it comes to creative accounting, few can hold a candle to Spain's finance minister Cristobal Montoro, who unveiled his latest scheme to “grow” the economy: adding prostitution and illegal drugs to GDP to solve a host of urgent problems.

Click to read more ...

Saturday
Jun142014

Putin: “We Have to Think About How to Take this Money”

Putin’s wicket smile as sanction spiral causes oligarchs to fret about their offshore moolah.

Click to read more ...