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.

Entries in Central Banks (106)

Monday
Jun232014

IMF Frets About Giant Sucking Sound of Hot Money, Wants to Take Over Global Monetary Policy

Now that the Fed is pulling back from its money-printing binge, the IMF, the global bondholder bailout outfit, is starting to panic.

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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.

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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 :-]

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Wednesday
Jun112014

Japan Inc.’s Worst Quarterly Outlook Since The 2011 Earthquake

A terrible corporate hangover from the consumption-tax hike has set in.

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Saturday
Jun072014

Selling Your European Stocks Before Everyone Sees This Chart?

The European economy has been on a phenomenal roll since 2012, according to the soaring Stoxx 600 stock index. Recessions, unemployment fiascos, toppling banks, collapsing auto sales... they didn’t exist. But what the heck is wrong with this picture?

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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.

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Tuesday
May202014

Airbus CEO Calls For Currency War, Shoots Himself in Foot

Boeing got more orders in the first quarter than archrival Airbus. So at the ILA Berlin Air Show, Airbus CEO Fabrice Brégier spoke up against this ridiculous injustice. True to his Frenchness, he exhorted the ECB to do what central banks are supposed to do.

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Thursday
May152014

The Hazardous Hunt For Carry – Why The EM Rebound Isn’t Real 

By David Stockman: The monetary plumbers keep banging money market rates to zero, thereby ignoring what the money market rate really is in a financialized, debt-ridden system: the price of hot money, the single most important price in all of capitalism.

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Tuesday
May132014

Russian Bank Lures German Savers As Russians Yank Out Money

Smart Russians are voting with their bank accounts, dumping rubles at the fastest rate since the financial crisis, and yanking dollars and euros out of banks at a record pace. So where do the teetering banks go to refill these holes? Where the dumb money is: German savers.

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Monday
May122014

The Growing Catastrophe Known as Abenomics 

By David Stockman: In a decade or two, nearly 40% of the Japanese population will be retired; and the single-risk it should never take is to induce a collapse of its currency, and the resulting sharp inflation of its import bill for virtually all its energy and industrial materials.

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Saturday
May102014

Our Man In New Zealand: We Haven't Yet Had To Push The Big Central-Bank Button Labeled “Panic & Self-Destruct”

By Lee Hughes, New Zealand: The future down here is so bright, I gotta wear shades. And it looks set to continue for a while. A nice change from the shitty decades when I grew up and couldn't wait to go to ... the US! Now I'm sooo glad I'm here in Godzone.

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Thursday
May082014

Scorched-Earth Monetary Policy in the US, And What Happened in New Zealand

New Zealand’s central bank didn’t follow the Fed’s lead in monetary policy that favors capital over labor, Wall Street over savers, at any cost.

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Monday
Apr282014

LEAKED: Draghi’s Sudden Switcheroo On QE

It happened at a private meeting with top lawmakers in Germany during a two-day shindig.

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Friday
Apr252014

Japanese Doomsday Machine Socks It To The Middle Class (But Shorting JGBs Remains A Terrible Idea)

The miracles performed by Abenomics – an economic religion touted with blinding exuberance around the world – and the endless wonders performed by the Bank of Japandemonium, are now coming home to roost.

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Tuesday
Apr222014

The Very Brief Phenomenon Of The Gold Standard

By Dr. Bryan Taylor: Europe was on a bimetallic standard, not a Gold Standard, from the Middle Ages until World War I. Gold triumphed in the 19th century because bimetallism had failed. This should have been taken as a sign that the gold standard too would inevitably fail.

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Sunday
Apr202014

Draghi’s Bold Push For Creeping Defaults And Real Wage Cuts (Illustrated With Hilarious Cartoon)

There is nothing like a wealthy central bank chief admitting that he wants to, one, help governments default gradually on their debts; and two, cut the real wages of workers. An honesty the Fed never dared to exhibit when it inflicted waves of QE on American workers.

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Tuesday
Apr152014

“Uncreative” Destruction: The Troika’s Hostile Takeover of Europe

By Don Quijones: The story is now playing out across Europe’s bailed-out nations. The losers are by and large the poor and middle classes, while the beneficiaries are the same as always: the world’s largest multinational corporations and banks.

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Monday
Apr142014

What Happens When ‘All Assets Have Become Too Expensive?’

A report from the asset management and investment banking division of Groupe BPCE, the second largest bank in France, predicts what daredevil voices at the maligned margin of financial analysis have worried about for a while: another global financial panic.

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Monday
Apr142014

This Chart Shows When the Smart Money Saw The Abenomics Fail

This year has been lumpy for stocks around the world. Gone are the wild rallies followed by mild rallies interrupted by minor downticks, followed by more rallies. That’s so 2013. It's as if on December 31, someone turned off the spigot. But in Japan, it turned into a rout.

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Tuesday
Apr082014

Head of EU’s Newfangled Bank Regulator: Markets Are Dumb, Pumps Stocks Of Teetering Banks To Keep them From Toppling

It's not often that a bank regulator proclaims stocks of teetering banks are undervalued because markets are too dumb to value them correctly. That’s what Danièle Nouy, chair of the ECB’s Single Supervisory Mechanism just proclaimed. She has a motive.

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