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.

Thursday
Jun052014

Giant Sucking Sound: Russian Money Yanked From US Banks

Russians learned a lesson in Cyprus: don't wait till your money gets confiscated.

Click to read more ...

Wednesday
Jun042014

Top 8 Reasons To Be Nervous About Stocks At These Levels

By Tim Biggam, Benzinga: As if we didn’t already have enough to worry about.

Click to read more ...

Wednesday
Jun042014

Polish NGO to Obama: Mass Surveillance is Not Freedom

Katitza Rodriguez: On June 4, 2014, one day before the Snowden anniversary, Poland celebrates 25 years since the fall of an authoritarian regime. Obama is in Poland, meeting with many heads of states—including those caught up in the NSA’s surveillance scandal.

Click to read more ...

Wednesday
Jun042014

Real Economy Bites Housing Bubble 2

When the home-sales curve kinked south last fall, soothsayers had some handy reasons. And it would be temporary. Month after month, they came up with new reasons. Now they’ve used up all the good ones, but sales are still tanking.

Click to read more ...

Tuesday
Jun032014

The Questionable Staying Power Of The US Fracking Boom

By Dajahi Wiley: US oil production surged 64% since 2008, natural gas production 42% since 2005 – driven by the shale revolution. BP and Exxon saw the US as energy self-sufficient in 20 years. But three major red flags should curb this unfettered enthusiasm.

Click to read more ...

Tuesday
Jun032014

The "Nuclear Solution" to Underfunded Public Pensions

By Dennis Miller: Most state and local pension funds are woefully underfunded. California, Illinois, Ohio, New Jersey, and Texas together officially lack $431 billion; promised money that won’t be paid out. The real numbers may be far worse. But there is a "solution."

Click to read more ...

Tuesday
Jun032014

Dang, The Wine Bubble Implodes (It’s China’s Fault)

Many in the industry believe that in China, 90% of the high-profile wines, like certain Bordeaux, are fake. Devastating thought if you keep wine in a refrigerated vault as an asset class. And prices have collapsed. But it’s not all doom and gloom, not with California wines.

Click to read more ...

Monday
Jun022014

"They’re not using their heads”: California Hit with $31.6 Billion in Accounting Misstatements

By Chriss Street: The California Bureau of State Audits set off a scandal by disclosing that the Controller’s Office made accounting misstatements of $31.65 billion. That’s about a third of California’s General Fund Budget!

Click to read more ...

Monday
Jun022014

Argentina Kowtows To “Paris Club” on Debt, Thinks It Won

By Bianca Fernet: Bond markets are abuzz about Argentina's deal with the Paris Club of creditors on US$9.7 billion of arrears from the 2001 financial crisis. Economy minister Kicillof emerged, in his mind and that of many, victorious. Brilliant diplomatic showmanship.

Click to read more ...

Monday
Jun022014

QE, Bailouts, And Families Struggling to Buy Food

It was a very basic question: Have there been times when you did not have enough money to buy the food you or your family needed? In wealthy countries, the percentages should be small, and given all the money-printing, it should be zero, you’d think.

Click to read more ...

Sunday
Jun012014

The Big Losers in the California Shale-Oil Fiasco

Executive Report with ISA Intel: Slashing the smoke-and-mirrors hype of the Monterey shale by 96% socked not only oil companies but also the state of California that was dreaming of $24.6 billion a year in revenues and 2.8 million jobs, now dissipated into thin air.

Click to read more ...

Saturday
May312014

Wreckonomics: Troika Accelerates Demolition of Spain's Economy

By Don Quijones: “The people must pay” if they want to maintain the current levels of public services, warned James Daniel, the man in charge of the IMF’s mission in Spain, who, as an employee of the IMF, pays no income taxes  to any country.

Click to read more ...

Saturday
May312014

The Big Hoax Of The Wall Street Hype Machine

How the most important “data” Wall Street hands out via its army of analysts to rationalize lofty stock valuations is consistently (chart!) the biggest hoax out there.

Click to read more ...

Friday
May302014

Here Comes QE In Financial Drag: Draghi’s New Monetization Ploy

By David Stockman: The ECB launches QE in financial drag by purchasing the kind of “toxic-waste” that took down the US financial system; but it proclaims it’s not “monetizing” any stinking sovereign debt! What it’s really up to is snookering the German sound-money camp.

Click to read more ...

Friday
May302014

The Wrath of Abenomics: Sales Collapse, Inflation Soars

Even the soothsayers and spin doctors expected a downdraft after Japan’s consumption tax was jacked up to 8% from 5%, effective April 1. But not this.

Click to read more ...

Thursday
May292014

The Fracking Shakeout

By Nick Cunningham: The US shale oil and gas industry is in trouble. Drillers have to borrow more and more just to stay on the fracking treadmill, even as production and revenues disappoint. And some of them could be heading toward bankruptcy.

Click to read more ...

Thursday
May292014

Why The Promise Of American LNG Exports Is Gassy Hype

This chart shows how the vision of US liquefied natural gas exports to free Europe from Russia’s clutches or make big bucks off energy-starved Japan is nothing but a juicy lure in the big money game.

Click to read more ...

Wednesday
May282014

Meltdown America: From Prudent to FOMO

By Dan Steinhart: FOMO, the “Fear Of Missing Out.” It leads to very bad decisions.

Click to read more ...

Wednesday
May282014

Housing Bubble 2 Already Collapsing for the 99%

This is precisely what shouldn’t have happened but was destined to happen: as prices are soaring, only luxury home sales are growing ... 1% of the market! Something has to give.

Click to read more ...

Tuesday
May272014

Why Retail Results In America Are Not Better Than Expected, But Worse Than Ever! 

By David Stockman: The ultimate evil of monetary central planning is that it distorts pricing signals, thereby inducing vast malinvestments that eventually result in losses and a reduction of national wealth. And that time has come to retail in America.

Click to read more ...