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
Sep052013

Bonds Bleed: Largest Bubble In History Unwinds, But The “Great Rotation” Into Stocks Is Deceptive Wall Street Hype

The bond-fund massacre is spectacular. Antsy investors yanked $7.7 billion in August out of the world's largest bond fund, Pimco’s Total Return Fund. In July, they’d yanked out $7.5 billion, in June $14.5 billion. From May 1 through August 31, the fund’s assets shriveled 14%. Other bond funds got hit too. And September is shaping up to be even worse.

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Thursday
Sep052013

As The Egyptian Economy Sinks And As Factories Shut Down....

By Farah Halime, Cairo: Egypt’s central bank sold $1.3 billion from its foreign reserves on Wednesday to cover strategic imports such as wheat, meat and cooking oil. As the country grapples with an economic crisis, the central bank’s foreign currency sales are an attempt to reassure the people that the government can afford basic commodities.

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Thursday
Sep052013

50,100 Miles of Faulty Pipelines Pose Serious Public Safety Threat Across the US

By James Burgess of Oilprice.com: Nearly a quarter of all pipelines in the US were laid before 1970 and suffer from faulty welds. They carry their explosive cargo all over the country, and, as some horrific accidents have shown, pose serious public safety threat. Why haven’t they haven’t been fixed? It would cost the industry $50 billion.

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Wednesday
Sep042013

Massive Mission Creep In War On Syria (Already!)

An American attack on Syria would just be a punitive action for the gruesome gas attacks. “Regime change” wouldn’t be part of it. That was the idea. Now the Senate Foreign Relations Committee voted to authorize President Obama to wage war on Syria, but amendments suddenly set new goals – smack-dab in the middle of a distant lala-land.

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Wednesday
Sep042013

The Reason Nokia Kept The Patents

Jim Probasco, Benzinga: Nokia sold its handset business to Microsoft. What it did not sell was its patents. And Nokia has a bunch of them. The reason? Income. Patents are like gold. And if there is one thing Nokia knows, it’s how to mine “patent” gold.

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Wednesday
Sep042013

The Return Of Egypt’s Elite

By Farah Halime, Cairo: The CEO of Egypt’s biggest construction company, Orascom, signaled that the firm is “exploring its legal options” with regards to its $1 billion tax settlement with the Morsi administration. If the decision is overturned, it would be a symbolic victory for the business tycoons who have laid low since the end of the Mubarak era.

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Tuesday
Sep032013

Collapse of Oil Production in Libya: the Fundamental Feeding the Fear

By Rory Johnston: Oil prices are at a six-month high, and no one knows what will happen in Syria nor how it will affect oil prices in the coming weeks. However, the recent spike in oil prices also reflects fundamental supply factors: Libya, a major regional producer, has seen its production completely collapse over the past month.

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Tuesday
Sep032013

The Big Shift: Chinese, Russians Replace People From (Formerly) Rich Countries As Big Spenders At Parisian Airports

In Paris, “Chinese” has a new meaning: money. This phenomenon shows up by the busload at luxury retailers where sales staff say a few words of bad Mandarin, instead of bad English, in hawking overpriced handbags and glittery baubles. Now Aéroports de Paris has put a number on it. A glimmer of hope for France, though perhaps of the wrong kind.

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Monday
Sep022013

Destroy Before Reading: Spanish Government Caught Erasing Evidence in Corruption Case

By Don Quijones: Spain’s government plumbed new depths of political chicanery and incompetence this week when it openly admitted that it had tampered with evidence in the Bárcenas affair, a corruption case implicating many of its senior ministers.

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Monday
Sep022013

5 Ways To Protect and Grow Your Retirement: Whether You’re 45 or 75 or Somewhere In Between

By Dennis Miller: These days, unless you are a government employee, there is a 97% chance you will not retire with a pension. Instead, you have some sort of IRA or 401(k) and other personal savings that you will need to supplement those measly Social Security checks. We have all been thrust into the job of managing our own personal pension funds.

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Sunday
Sep012013

David Stockman: How KKR Stripped The Beds In America’s Largest Hospital Chain With Some Help From Bubbles Ben

“Bernanke’s maniacal money printing after the Lehman event catalyzed a virtual stampede back into the very same risk-asset classes which had been reduced to smoldering ruins,” David Stockman writes. It produced the craziest junk-bond binge of all times, allowing the mega-buyouts from before the crisis to survive and pay rich fees to the LBO lords.

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Saturday
Aug312013

How to Make More Money than a Venture Capitalist

By Alex Daley, Chief Technology Investment Strategist: One set of investors assumes near-demigod status; people speak of them with a mix of reverence, fear, and giddiness. I'm talking about the legends of Sand Hill Road: VCs like Kleiner Perkins partner Tom Perkins. Fly in the ointment: For limited partners, the return isn’t exciting. But there’s a better option.

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Friday
Aug302013

Bad Hair Day In Two Decades Of German Retail Sales Quagmire

Germany’s industrial conglomerates and the vibrant Mittelstand (privately held enterprises that were world leaders in their niche until the Chinese came along), decorated with real wage declines since the heyday of Reunification... all have been bandied about as economic model for troubled, if unenthusiastic Eurozone countries. But there is a darker side.

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Friday
Aug302013

Canada Builds Pipelines To Export Oil To Asia (At Higher Prices) As US Stalls on Keystone XL

By Robert M. Cutler of Oilprice.com: As the US has yet again delayed a decision on the controversial Keystone XL Pipeline designed to take the hydrocarbon product of Alberta's oil sands to the Gulf Coast, Canada pushes ahead with a strategic plan for a pipeline infrastructure to the Pacific Coast.

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Friday
Aug302013

Abenomics Wins: Budget And Inflation Both Jump (Over The Cliff)

It would be ridiculous if it weren’t so sad: Facing exploding budget deficits and an uncircumnavigable mountain of debt over twice the size of the economy – Japan’s two largest economic problems – the government in its blind devotion to the religion of Abenomics screams, “Damn the torpedoes, full speed ahead.”

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Thursday
Aug292013

U.S. Dollar: “Reserve” to “Laughing Stock” Currency in Less Than One Century

By Michael Lombardi, MBA for Profit Confidential: Treasury Secretary, Jacob Lew, wrote Congress that it should extend the debt ceiling “well before any risk of default becomes imminent.” Will Congress raise the debt ceiling again? Since 1960, it has raised it 49 times under Republican presidents and 29 times under Democratic presidents.

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Thursday
Aug292013

Write-Downs: Death Sentence or Opportunity?

By Jeff Clark, Senior Precious Metals Analyst, Casey Research: For many primary gold producers, Q2 2013 was a breathtakingly bad quarter. It wasn't so much the massive drop in earnings many reported—those had been, for the most part, expected—but the so-called "impairment charges" announced.

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Wednesday
Aug282013

German Election Finally Gets Messy: “Euro Is More Than A Currency” And Greece “Shouldn’t Have Been Allowed In”

No debacle is allowed to interfere with Chancellor Merkel’s efforts to hang on to her job, and debacles get swept under the rug at least until after the elections on September 22. Every time uppity opposition voices stir up some controversy, it’s brushed off, denied, ridiculed, or minimized – and it has worked admirably well so far. But suddenly there’s Greece again.

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Wednesday
Aug282013

Hype Codified: Impact of Adjectives On Oil Company Stock Price

By James Burgess, of OilPrice.com. Big oil discoveries should make a company more attractive and cover up higher drilling expenses. Now a study shows that the right adjectives in a press release about oil discoveries play a huge role in their impact on stock prices.

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Tuesday
Aug272013

Deluded Optimism in Corporate Earnings Growth (Now Shriveling)

These wildly optimistic estimates of earnings growth that analysts work on so studiously by copying and pasting what companies tell them, or by doing channel checks and poking around the industry, and that companies have to exceed at all costs “on an adjusted basis?” Well, they have been shrinking for 2013 – but only after reality forced them down.

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