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 Europe - Spain (73)

Saturday
Jun282014

Mini Tax Havens: How Europe’s 1% Gets to Pay Only 1%

By Don Quijones: Under the guise of austerity, taxes on the middle class and small businesses in Spain and other countries have reached confiscatory levels. But for the wealthy, there is a special deal – and it erupted into a scandal.

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Sunday
Jun152014

Sex, Drugs and Dodgy Accounting: Spain's New Growth Strategy

By Don Quijones: When it comes to creative accounting, few can hold a candle to Spain's finance minister Cristobal Montoro, who unveiled his latest scheme to “grow” the economy: adding prostitution and illegal drugs to GDP to solve a host of urgent problems.

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Sunday
Jun082014

Spain’s Musical Thrones: Desperate Move by a Desperate Regime

By Don Quijones: The establishment, both inside and outside Spain, is alarmed at the scale and intensity of public anger in the country.

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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.

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Sunday
May252014

For Love Nor Money: The Bank That Nobody Wants To Buy

By Don Quijones: The Spanish government is desperately trying to offload one of the bailed out, nationalized, and supposedly fully restored banks. The problem: no one wants it.

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Sunday
May182014

'Austerity' in Spain: Corrupt Corporations Behind Bankrupt Private Toll Roads Get Bailed Out

By Don Quijones: “I don’t think the government will want this to go to the courts, as it won’t benefit anyone.”

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Sunday
May112014

Spanish Judge Crosses Line by Sending Bank CEO to Jail

By Don Quijones: The Spanish magistrate Elpidio Silva is just about the only judge in the Western hemisphere to have sent the CEO of a bailed-out too-big-to-fail bank to jail. Turns out, that was huge mistake.

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Saturday
Apr262014

Liars, Damned Liars, and Spanish Banks

By Don Quijones: “Spain’s banks are back on track,” the Spanish Banking Association announced to great fanfare. That’s the official story. But these banks reported financial results that “bear no relation to reality.”

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Sunday
Apr062014

Another Day, Another Political Scandal In Spain’s ‘Mafia State’

By Don Quijones: Political corruption has already become synonymous with political leadership in Spain. But now there’s a spectacle of political hubris and impunity so farcical and obscene that it leaves no doubt in one’s mind: Spain is run by a mafia state!

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Sunday
Mar302014

Peaceful Indignation Turns to Violent Rage in Rajoy’s Spain

By Don Quijones: It was the first nationally coordinated grassroots response to repressive social and economic policies and widespread corruption of Spain’s ruling political caste. But it descended into violence – as the government is playing a dangerous game.

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Monday
Mar242014

Which Country Is Europe’s Biggest Narco State?

By Don Quijones: Revelations of a dirty, big business in Europe, and of the role banks play to make it possible. In fact, during the financial crisis, European banks “were as good as saved by the global drug trade.”

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Sunday
Mar232014

Jitters Mount Over Prospect of Catalonian Independence

By Don Quijones: “You’re making a grave mistake,” the CEO of Catalonia’s megabank La Caixa allegedly told Catalonian President Artur Mas. Like many big shots, he’s fretting over the prospect of independence from Spain - an existential threat to the region’s banks.

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Monday
Mar172014

Banker Farce: Spanish Bank CEO Launches Moral Crusade Against Political Corruption

By Don Quijones: “We have to fight corruption in order to build a new model of more sustainable and fairer growth,” pontificated the CEO of BBVA, a Spanish TBTF bank.

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Tuesday
Mar112014

Round Two of the Global Financial Sector’s Takeover of Spain

By Don Quijones: When it comes to dodgy landlords, few have it quite as bad as the tenants of a number of housing projects in Spain who were notified that the government had sold their units to an innocent-sounding investment fund called Cibeles.

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Sunday
Feb162014

The Squiggly Mind-Game Of "Fixing" Europe's Big Zombie Banks

Danièle Nouy, chair of the ECB’s newfangled bank regulator that doesn’t exist yet, had a term for it: “do whatever has to be done” so that the banking sector “is seen as sound and safe and transparent.” Is seen as.... Smoke and mirrors.

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Saturday
Feb152014

The Fate Of A Good Banker In Spain’s Financial Bloodbath

By Don Quijones: By deciding to warn his customers about the risks of these toxic financial products — they should never have been sold to savers — branch manager Gómez Ortega set himself on collision course with the bank's head office in Madrid.

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Sunday
Feb092014

Spain Exports Its Construction Model, With Predictably Dire Consequences

By Don Quijones: When a consortium, led by the Spanish company Sacyr, bid to expand the Panama Canal for $2 billion under budget, it was an offer Panama couldn’t refuse. What the government didn’t know at the time was how Spanish construction firms operate.

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Saturday
Feb012014

New Model Of Governance in Bailout Europe: Silence, Lies, and Evasion

By Don Quijones: "We will not be taking any questions on the specifics of the Spanish situation."

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Sunday
Jan192014

Impunity and Excess, Desperation and Violence: Two Worlds Collide in Spain

By Don Quijones: Normally these two worlds co-exist relatively peaceably, barely cognizant of the other’s existence. Every now and then, their paths may intersect, only to quickly decouple. But this week they suffered a head-on clash.

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Sunday
Jan122014

Financial Tiki-Taka: Ugly Side of the 'Beautiful Game' in Spain

By Don Quijones: On the surface and on the pitch, Spanish football has never been better. The national team of once-perpetual underachievers has won two European Championships and one World Cup in the last six years, a feat unmatched by any other European nation.

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