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.

Friday
Aug092013

A Lousy Investment that May Be a Good Source of Income

By Dennis Miller, of Miller's Money: One of the challenges facing retirees is how to bridge the gap between rising expenses and virtually stagnant Social Security checks and other sources of income. Hence, the idea of reverse mortgages. I can safely say that for the vast majority of our readers they are a poor investment, but not necessarily a bad idea.

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Friday
Aug092013

What the 25% Collapse in Homebuilder Stock Prices Tells Us

By Michael Lombardi for Profit Confidential: Homebuilder stocks are heading into dangerous territory; investors need to take note, even if they don’t own these stocks. The move to the downside for this barometer of activity in the U.S. housing market is significant.

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Thursday
Aug082013

“Yes We Scan” (Everything)

“According to intelligence officials,” who remained unnamed, the NSA is not just looking at meta-data when Americans send emails and texts overseas, as the government had proclaimed when the scandal first broke, but is actually searching the content, however steamy it might be.

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Thursday
Aug082013

Most Pipeline Leaks Are Small, Go Undetected For A Long Time – But It Doesn’t Have To Be That Way

By James Stafford of Oilprice.com: The 2010 Kalamazoo oil spill and the 2013 Exxon leak in Arkansas are the most glaring incidents: big leaks that are found and reported right away. But smaller leaks can persist for months or even years. If they’re reported at all, it’s because people have generally stumbled upon them by accident.

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Thursday
Aug082013

“Parallel Construction”: Get-Out-Of-Jail-Free-Card (Thanks, NSA)

By Chriss Street: Just as the bombshell of the NSA’s handing information to the DEA through a secret program called Parallel Construction was about to break, the Obama Administration diverted attention by talking up the NSA’s intercepts of “chatter” about terrorist plots. But convictions in the US of some of the worst drug lords might now unravel.

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Wednesday
Aug072013

Trouble In Junk Bond Lala-Land

Private Equity firms have seen this coming for months. They’re positioning themselves for it. In April, Leon Black, CEO of Apollo Global Management, explained it this way to an incredulous world: “We’re selling everything that’s not nailed down.” Now they’re setting records – but someone will end up holding the bag.

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Wednesday
Aug072013

The Federal Reserve Relies on a Flawed Economic Model

By Lacy H. Hunt, Ph.D., Economist: In its final forecast for 2011, made in late 2010, the Fed forecast that real GDP would rise 4% in 2011. Just prior to that projection, it expected even stronger growth. For 2012, the Fed projected 3.3% growth, with previous assessments even higher. In both years, their forecasts were more than double the actual result.

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Wednesday
Aug072013

Detroit’s Bankruptcy Bad News? Not Until You See Who’s Next

By Michael Lombardi, Profit Confidential: Detroit had no other options than to file for bankruptcy. Cities in California or Jefferson County, Alabama, have done the same for similar reasons: a budget deficit year-after-year as revenues declined and costs rose – especially pension costs. Bondholders got crushed. Now more cities are headed that way, including some BIG ones.

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Tuesday
Aug062013

NSA Pricked The “Cloud” Bubble For US Tech Companies

The cloud is a growth industry. And a religion in Silicon Valley: you’re better off with all your data and software stored in a data center somewhere on the planet. It’s a beacon of growth that revenue-challenged global tech giants like Oracle and IBM wave in the faces of antsy investors. But now, they’re going to pay a steep price for their cooperation with the NSA.

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Tuesday
Aug062013

David Stockman: Hedge Funds, Prime Brokers, And The Whirligig of Wall Street Finance

John Paulson’s hedge funds that broke the sub-prime mortgage market “demonstrate the manner in which momentum-chasing hot money had come to dominate the Wall Street casino,” writes David Stockman as he mercilessly dissects the hedge fund industry. “But then the hot hands went stone cold.”

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Monday
Aug052013

Room For Hope? Fourth Largest Industry In France: It’s “Never Been This Catastrophic”

An awful turn of events in France, just when everyone was hailing signs of a recovery, of which evidence has been trickling in, albeit mixed at best. If you held your tongue just right, you could see vague glimmers of hope. Then came the results from France’s fourth largest industry, hotels and restaurants (along with the idea that you can always raise taxes).

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Monday
Aug052013

In Last 12 Months: Fed SOMA Up 27%, Housing Prices Up 13.5%, Stock Market Up 22%, Jobs Up 1.7%

By Lee Adler, of The Wall Street Examiner: By now it’s clear to everybody, even the Fed, that QE does absolutely nothing to stimulate economic growth while fomenting bubbles in housing and stock prices. The Fed will disingenuously use steady job growth as an excuse to begin cutting back on QE soon. But its real reason lies elsewhere.

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Sunday
Aug042013

Ukraine: An Energy Policy To Finally Break Free From Russia (And Ukrainian Elites)

By Scott Belinski, of OilPrice.com: Twenty-two years after breaking free from the USSR, Ukraine is now attempting to do the unthinkable and permanently shake Russia’s hold on the country. The plan? Looking westward to the European Union and building an energy hub that might just revolutionize the region’s geopolitical status quo.

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Sunday
Aug042013

In Honor Of The Shivering Huddled Executives Of Bear Stearns

When Bear Stearns blew up in 2008, the New York Fed handed it to JP Morgan Chase – the beginning of a vast bailout corruption fest. Turns out, five years later, the execs who caused it to blow up have jobs on Wall Street that are more lucrative than ever. To honor these sordid details, Nick Stuart wrote a hilarious, cynical parody about the last days of Bear.

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Sunday
Aug042013

Rich Gorman’s Online Marketing Sermon In A Dog-Eat-Dog World

“It’s about exposure,” he says. But it’s tough out there when you’re trying to make a living in the digital jungle where everyone scrambles on top of everyone else to get that exposure, and where giants dominate with such absurd magnitude that the little guy can only survive by slipping into the gaps between their toes when they step on him.

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Sunday
Aug042013

Attitudes Harden in Spain as Catalonian Independence Referendum Looms

By Don Quijones, Spain: Since last year’s unprecedented protests to mark Catalonia’s national day of independence on September 11th, relations between Rajoy’s administration and Catalonia’s coalition government have soured to the point of curdling. Catalonia’s leader called it a “war of cultures” between the two “countries.”

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Saturday
Aug032013

Even the CEO Of China’s Largest Appliance Manufacturer Gets Cold Feet

China’s property and infrastructure bubbles, nurtured by limitless borrowed money, are still swelling up beautifully. Service industries are also growing. But hot air has been hissing out of manufacturing. Now Zhang Ruimin, CEO of China’s largest appliance maker Haier Group, put his finger on the problem. And it doesn’t look good for manufacturing in China.

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Friday
Aug022013

Snowden Warns Americans: Fear The Military-Intelligence Complex

By Chriss Street: Unburdened by the constitutional requirement to get a search warrant, the NSA has teamed with Apple, Google, and Microsoft to capture your party pictures, intimate letters, and financial activities in order to build a “permanent file” to be used against you later. That’s Edward Snowden's revelation as he accepted political asylum in Russia.

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Friday
Aug022013

Investment Strategies for Beating a Manipulated Market

By Casey Research: The economy is manipulated and controlled by out-of-control central bankers and politicians determined to save their powerful positions. The distortions will destroy countless portfolios. But those with the courage to invest against the crowd can make historic gains. See the upcoming Casey Research Summit with former Congressman Ron Paul, James Rickards (author of Currency Wars), Doug Casey, and others.

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Thursday
Aug012013

The Dark Side Of The Guys Who Run Japan Oozes To The Surface

Japan’s Prime Minister Shinzo Abe skillfully used his miraculous economic salvation plan, a religion lovingly dubbed Abenomics, as a platform to catapult his party, the LDP, into power. With the LDP controlling both houses of parliament, real changes, after years of dickering, might now finally be possible.

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