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 Debtor Nation (97)

Wednesday
Apr162014

What the Heck is Going on With US Treasuries In Belgium?

The tiny country of Belgium with a GDP of $484 billion, a country that became famous to the chagrin of some people because it did just fine for a couple of years without a national government – well, it’s growing an enormous mountain of US Treasuries.

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Monday
Mar312014

What a Loan Officer Would Say to the US Government

By Michael Lombardi, Profit Confidential: There are two important facts about our rising national debt that don’t get a lot of mainstream attention (and I certainly don’t hear politicians talking about them).

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Thursday
Mar272014

Paul “Contrafactual” Krugman: The Laureate of Keynesian Babble

By David Stockman: The Fed prints $4 trillion and the national debt jumps $9 trillion in six years. We’re now in month 57 of the expansion, beyond the average 53 months – already on borrowed time. Now comes Professor Krugman proposing to “do something.”

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Friday
Feb282014

The Relentless, Systematic Tear-Down Of The Dollar Hegemony

How long before the dollar surrenders its status as world reserve currency and number-one payment currency to the Chinese yuan and to that other currency everyone loathes?

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Wednesday
Feb192014

The Young Subprime Debt-Slave Generation

Rising household debt would be a hopeful sign that consumers are again living beyond their means, finally spending money they don’t have in a heroic effort to stimulate Wall Street, corporate earnings, and the Fed’s self-esteem. So we jubilate. We’ve waited for it too long.

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Tuesday
Feb182014

Fed Lying About QE, Media Not Paying Attention

Since the introduction of QE 3, honest-looking Fed chairman Bernanke told the Wall-Street media circus after each FOMC meeting that the money-printing binge in the coming month would expand the Fed’s balance sheet by $85 billion. A fact cited worldwide. And a big lie.

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Wednesday
Jan012014

So This Isn’t Exactly A Rosy Outlook For 2014, Or Something

Central banks rule! We’ve seen it in 2013. They’ve accomplished the impossible: separating stock markets from the economies they’re based on. But in 2014, the US and China are trying to unwind these crazy policies – without taking down the entire global economy.

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Thursday
Dec262013

What Happens Next, Now That The 10-year Treasury Yield Hit The Psycho-Sound Barrier Of 3%

Treasuries have been skidding, and the 10-year yield hit the psycho-sound barrier of 3%. What happened last time this phenomenon occurred? Well, yields bounced off and fell – because the mayhem they'd triggered gave the Fed conniptions and caused it to back off.

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Monday
Dec162013

Fear and Trembling In Muni Land

Municipal bond investors, a conservative bunch eager to avoid rollercoasters and cliffhangers, are getting frazzled. Bankruptcies and the Fed’s taper cacophony are a toxic mix. So they’re bailing out of muni bond funds at record rate. Losses are mounting. And so are the fears.

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Saturday
Nov162013

Municipal Bankruptcy? Why Not! And so The Floodgates Open

Individual investors have a unique opportunity now to buy sewer bonds – yup, that’s where they belong – issued by a bankrupt county to pay off holders of defaulted sewer bonds who’ll get a fashionable haircut as part of the deal – a deal made in bond-bubble heaven.

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Thursday
Nov072013

Wolf Richter On The Keiser Report: Debtonomics And The NSA

In this episode of the Keiser Report, Max Keiser and Stacy Herbert slam the politics of debt. “Economics of Suicide” they call it. I’m in the second half. As always, high-octane, pungent, and funny! Warning: risk of whiplash.

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Wednesday
Nov062013

Immense Pressure On Municipal Bonds (Waiting For Bailout?)

By Michael Lombardi, Profit Confidential: Cities like Detroit tell their bondholders, “Sorry, we can’t pay you.” Budget deficits were out of control, they reached the breaking point, they filed for bankruptcy. Troubles of municipalities and cities are marching forward with full force.

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Tuesday
Nov052013

Human Inability To Grasp Very Large Numbers Abused By Politicians And The Fed

By James Murray: Crows are considered the most intelligent birds. They can count to three. Anything over three is "many" to a crow. Humans are basically the same way. At some point, numbers get so big that they just become "many."

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Friday
Nov012013

Fiscal Cancer Hits Closer to Home: Kiss Your Pension Goodbye!

By Dennis Miller: In 2007, US Comptroller General David Walker pointed out on 60 Minutes that the US is suffering from a fiscal cancer. But politicians were unwilling to address it. Wall Street called him "Chicken Little." The national debt was $8.9 trillion. Now, it’s $17 trillion. And the cancer has metastasized to cities and states.

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Monday
Oct142013

Next Step In Dismantling The Dollar And US Credit Hegemony

The US has abused its three phenomenal privileges – including the control of the only world currency – to put global financial stability at risk, “like a truck full of dynamite heading right toward us,” said the chairman of the International Advisory Board of the Universal Credit Rating Group. But a “new financial order” is forming. And there's a timeframe.

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Friday
Oct112013

Sundown In America: The Keynesian State-Wreck Ahead

By David Stockman (Remarks at the Edmond Safra Center for Ethics, Harvard University): “The Federal budget has become a doomsday machine because the processes of fiscal governance are paralyzed and broken,” Stockman writes. “Under these conditions what remains of our free enterprise economy will buckle under the weight of taxes and crisis.”

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Monday
Oct072013

Which Law To Break If The Debt Ceiling Isn’t Raised?

That's the question for Treasury Secretary Lew and Fed Chairman Bernanke during the debt-ceiling charade; it seems they’re boxed into a contradictory situation where one of them will have to break one of the laws, whether they want to or not, writes Vincent Reinhart, managing director at Morgan Stanley and former head of the Fed’s monetary division.

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Thursday
Oct032013

Wall Street Brushes Off Debt-Ceiling, Republicans Beg To Differ, But Default Would be “Catastrophic,” And Nothing Is Priced In

Wall Street is convinced the government shutdown won’t hurt unless it drags out too long. It’s even more convinced that Congress would never be crazy enough to refuse to raise the debt ceiling in time and send the mighty and sole superpower, biggest debtor of all times, into default. That risk hasn’t been priced in. But a majority of Republicans begs to differ.

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Monday
Sep302013

S&P Threatens To Cut US Debt To Junk

“This sort of political brinkmanship is the dominant reason the rating is no longer ‘AAA,’” S&P ratings agency wrote in a research note. More ominously, it warned that if Congress failed to pass a debt-ceiling hike before the out-of-money date in mid-October, it would cut the U.S. to “selective default.” And then there would be the post-default era.

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Saturday
Sep282013

America to Become the Next Poland?

By Michael Lombardi, Profit Confidential: I want to share a chart. It compares the S&P 500 to the number of Americans on food stamps since the “recovery” began. They are on the same skyrocketing trajectory! In fact, since late 2009, for every one-percent increase in food stamps usage, the S&P 500 increased two percent! This is very troublesome.

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