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
May242013

Iron-Fisted Bank Of Japan Is Losing Its Grip

Stability in the Japanese government bond market is “extremely desirable,” said Bank of Japan Governor Haruhiko Kuroda in a sign of just how frazzled he was after the turmoil and craziness that his over-the-edge experimental monetary policy has unleashed. But as stability eludes him, he might resort to ever more desperate measures to just hang on.

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Thursday
May232013

Government by Eurocrats: The Olive-Oil Dispenser Debacle

Like so many debacles in the EU, it started with the unelected European Commission. It’s immune to voters, but not to lobbyists and corporations. Under the guise of “consumer protection” or some other harmless moniker, it generates zany laws that tend to benefit large corporations. But last week, it went too far, even for Europeans.

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Wednesday
May222013

Scandal Is Washington DC Lawyer Bonanza

Contributed by Chriss Street: Premier Washington DC criminal attorney William W. Taylor III of Zuckerman Spaeder LLP announced that his new client Lois G. Lerner, the now infamous Director of the IRS Tax-Exempt Organization Division, will exercise her right against self-incrimination. She’ll pay him $2,000 per hour. Scandal, a bonanza for DC lawyers.

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Wednesday
May222013

Revealed: Apple’s “Offshore” Cash Isn’t Even Offshore

No one accused Apple of having violated US tax laws. The Senate hearings merely exposed how Apple is dodging income taxes by doing what multinationals do: taking advantage of handouts and loopholes that Congress hands them. Now it turns out that much of the discussion was based on a fairytale.

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Tuesday
May212013

Argentine Inflation: It’s Tough When All You Get Is Lies

The issue of inflation is complex everywhere. Official rates are disputed. People can’t reconcile them with what they see at the store. There are different formulas, resulting in different rates, and everyone picks and chooses what suits their needs. But nowhere is the issue as “complex,” infested with lies, and shrouded in obscurity as in Argentina. But 34.9%?

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Tuesday
May212013

Outside the Box: Can Two Senators End “Too Big to Fail?” 

Contributed by John Mauldin and Barry Ritholtz: Last month, Senators Sherrod Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican, introduced a resolution calling for the end of the implicit subsidies that TBTF banks enjoy and that put taxpayers at risk. The Senate voted 99-0 in support. Now they're turning their ideas into actual legislation.

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Monday
May202013

Germany Fires Live Ammo In Sino-European Trade War ... At Brussels

The solar-panel industry, once fattened by taxpayer subsidies and false hopes, has been in a death spiral around the world. In the US, a slew of photovoltaic standouts like Solyndra went under, taking billions of subsidies and investor capital with them. In Germany, it has been just as brutal. Even large companies are licking their wounds.

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Sunday
May192013

Diplomatic Immunity For Your Assets In Interesting Times!

Since I write so much about financial fiascos, debacles, nightmares, and entanglements, I’ve been asked by my readers about ways to protect assets in this environment. I had to disappoint them: I don’t give financial advice. Even if I did, I wouldn’t have all the answers. But I just finished reading an excellent book on precisely that topic, so I decided to review it. 

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Saturday
May182013

The Quiet Triumph Of Oil And Gas In Obama’s Policies

It was announced Friday afternoon, when no one was supposed to pay attention: after years of controversy, heated rhetoric, intense lobbying, and stiff opposition from some unlikely bedfellows, the Obama Administration decided in favor of the US oil and gas industry. With major geopolitical impact.

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Friday
May172013

Timothy Geithner Is Key To IRS Scandal

Contributed by Chriss Street: The plot thickens...

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Thursday
May162013

'ECB's Desperation Is Taking On Epic Dimensions' 

In my interview with Voice of Russia, I talk about the ECB's fears for its own existence. I use Spain, which is stuck in an existential crisis, as an example of the greatest “achievement” of central banks: the separation of economic reality from stock markets. And I get a chance to lambaste the French finance minister who is once again barking up the wrong tree.

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Thursday
May162013

Newspapers’ War of Words Rekindles Nationalist Tensions in Europe

Contributed by Don Quijones: The eternal economic malaise affecting many European countries is sparking a resurgence of the long-dormant forces of nationalism. In the most perverse of ironies, the closer the old continent gets to fulfilling the Eurocrats’ vaunted dream of political union, the more divided and unruly its constituent parts become.

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Wednesday
May152013

Germany 'Second Economic Miracle' And Other Psychedelic Feats

At first blush, the German economy appears to be ailing – at first blush because the stock market, in its omniscient manner, is predicting wondrous developments as it hop-scotches from one all-time high to the next. This relentless optimism has morphed into a breeding ground for projections into outright magnificence. But inconvenient data is getting in the way.

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Wednesday
May152013

Putin’s Power Play – How It Will Change the Uranium Sector

Contributed by Casey Research: The last time Vladimir Putin was president, he laid the foundation to pull Mother Russia from the wreck of economic chaos to a world power once again. This time, he's ready to extend that influence to counter the West. His tools: Russia's abundant resources of energy, including uranium.

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Tuesday
May142013

The Hollowing Out Of Chinese Manufacturing

American manufacturing renaissance? Maybe not. But China is losing the low-wage edge. With manufacturing already in the doldrums, dizzying wage increases, long a reality on the factory floor, have become government policy. Now there are consequences: offshoring and automation.

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Tuesday
May142013

New Evidence: IRS Already Had "Enemies List" In 2010

Contributed by Chriss Street: Now there is evidence that IRS agents may have “knowingly and willfully” retaliated against a conservative “Enemies List” during the 2010 Congressional election and continuing through the 2012 Presidential election.

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Monday
May132013

Japan’s Vacant Houses: Visions of Detroit

Unlike Detroit, which will run out of cash next month, Japan prints its own money, so bankruptcy in the Detroit sense is not in the cards. But they do have two things in common: depopulation and a ballooning stock of abandoned houses. For Japan, it’s an issue that even the most prodigious money-printing binge cannot resolve.

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Sunday
May122013

Russia's Plan For The BRICS To Dismantle The Dollar System

Contributed by Valentin Mândrăşescu, Editor of Reality Check @ The Voice of Russia: The status of the US dollar as the world reserve currency gives the US tremendous advantages. Among them: it allows the Fed to export inflation, while the Federal Government can run a huge deficit with impunity. But now an angry Russia has had enough!

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Saturday
May112013

Getting Run Over By The European Government Machine

Contributed by Don Quijones: Europe’s experiment in political and economic centralization is radically changing the lives of half a billion Europeans. National sovereignty and democracy may be threatened. For example, up to 80% of all laws passed by national governments of EU states are mere rubber stamped edicts emanating from Brussels.

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Friday
May102013

Every President His Bubble – And Its Aftermath

During their second term, Presidents become obsessed with “legacy.” One of the yardsticks to measure success is the stock market. Many people can relate to it. Retirement depends on it. It’s mentioned even on NPR several times a day. Outside of a few shorts, everyone wants it to go up. But President Obama must now be biting his fingernails down to the quick.

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