Keyword: tylerdurden

Brevity: Headers | « Text »
  • QE Will "Permanently Impair Living Standards For Generations To Come"

    03/28/2015 6:46:27 PM PDT · by Lorianne · 24 replies
    Zero Hedge ^ | 28 March 2015 | Tyler Durden
    When "very serious people" (even if it is those who once ran now defunct Bear Steanrs) announce it, with a 6 year delay, they make the Financial Times. On the other hand, when Zero Hedge said precisely this 6 years ago, it was cast as a tin-foil clad group of conspriators who see the worst in every situation. What is "it"? This: The long-term consequences of global QE are likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity.In this case, it was said this week by Guggenheim's Chairman of Investments and...
  • Russia's 'troll factory'

    03/28/2015 2:29:08 PM PDT · by Dalberg-Acton · 24 replies
    Daily Mail ^ | 3/28/2015 | Sam Matthew
    Vladimir Putin has an army of professional trolls running thousand of fake Twitter and Facebook accounts to flood social media with pro-Russia propaganda. Hundreds of workers are paid £500 a month to work exhausting 12-hour shifts bombarding the internet with comments placing Putin in a more favourable light. The trolls work under strict condition which see them banned from talking and even forging friendships with one another.
  • Paul Tudor Jones Warns This "Disastrous Market Mania" Will End "By Revolution, Taxes, Or War"

    03/19/2015 10:12:30 PM PDT · by Perseverando · 24 replies
    Zero Hedge ^ | March 19, 2015 | Tyler Durden
    "This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist," warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question - can capital be just? Hoping to expand the "narrow definitions of capitalism," that threaten the underpinnings of society, Tudor Jones exclaims, "we're in the middle of a disastrous market mania," adding "one of worst of my life." Perhaps most ominously, he concludes, historically this ends "by revolution, higher taxes or wars. None are on my bucket list."...
  • Greek PM To Meet With Putin Amid Cash Crunch

    03/17/2015 12:23:33 PM PDT · by tcrlaf · 6 replies
    Zerohedge ^ | 3-16-2015 | Durden
    With Greece digging around in the couch cushions to try and scrape up €2 billion by Friday in order to make payments to the IMF, the ECB, and Goldman, and with celebrity FinMin Yanis Varoufakis doing his absolute best to sink the entire ship with a series of epic PR faux pas, one is left to wonder just where Athens will turn when Berlin and Brussels finally reach the end of their ropes with what increasingly looks like gross incompetence in the Aegean. We may have gotten the answer to that question today via Reuters: Greek Prime Minister Alexis Tsipras...
  • Europe Has A Modest Proposal For Greece: "Don't Pay Wages For One Or Two Months"

    03/13/2015 10:24:02 AM PDT · by tcrlaf · 22 replies
    zerohedge ^ | 3-13-2015 | durden
    The Greek liquidity, pardon "cash flow" problems are so bad, not only Zero Hedge, but also Bloomberg has launched a daily maturity tracker of how much money Greece has to pay either to the IMF or to prefund T-Bill rollovers. This is what Bloomberg blasted out earlier today: Greece is preparing for another week of hurdles that ends with a ~EU2b repayment on March 20. Most economists say that it will be difficult for Greece to get past end of March without fresh EU funds. Here’s a timeline of the most important events scheduled this week: Monday, March 16: Greece...
  • Greece Passes Law To Plunder Pension Funds

    03/12/2015 12:01:39 PM PDT · by tcrlaf · 50 replies
    Zerohedge ^ | 3-12-2015 | Durden
    Having previously hinted that they might 'dip' into public pensions funds for some short-term cash to payback The IMF, and then confirming that the plan is to repo that cash from pension cash reserves (raising concerns about how they will unwind the repo - i.e. pay it back); the Greek government finally signed the bill today that enables them to plunder the Greek people's pension funds (for their own good). The massive irony of this bill is the bill enables greek deposits to be fully invested in Greek sovereign bonds... which Tsipras and Varoufakis both admitted today is "unsustainable" and...
  • Nigel Farage Rages At Juncker's "European Army" Proposal

    03/11/2015 11:36:08 AM PDT · by Rusty0604 · 12 replies
    Zerohedge ^ | 03/11/2015 | Tyler Durden
    Earlier today, the leader of Britain’s UKIP, eloquent wordsmith and member of the EU Parliament, Nigel Farage, unleashed one of his most memorable and finest diatribes in recent years. "We ourselves in the European Union provoked the conflict through our territorial expansionism in the Ukraine. We poked the Russian bear with a stick, and unsurprisingly, Putin reacted. But this now is to be used as an opportunity to build a European army... And Mr. Juncker said, we must convey to Russia that we are serious. Who do you think you are kidding, Mr. Juncker?" Farage at his best...
  • In "Unprecedented Move" Nobel Peace Prize Chairman Demoted For Decision To Give Obama 2009 Award

    03/03/2015 4:45:36 PM PST · by aMorePerfectUnion · 73 replies
    Zero Hedge ^ | 2/3/15 | Tyler Durden
    Back in 2009, just months after his swearing in, president Barack Obama was crowned with an unexpected glory: he won the Nobel Peace Prize for 2009 due to "his extraordinary efforts to strengthen international diplomacy and cooperation between peoples." Back then there was little indication that just a few years after his crowning achievement of "ending the war" in and returning US troops from Iraq, he would send US troops right back in Iraq for the 3rd US invasion of the country in three decades, but also send out US troops across the globe, and launch the second cold war,...
  • One American's Rage Spills Over: Shut Your Mouth & Start Fighting These Political Parasites

    03/13/2015 4:08:08 PM PDT · by BCW · 28 replies
    Zero Hedge ^ | 13 MAR 2015 | Tyler Durden
    I was shocked today by the absolute gaul of the Fed releasing a statement about Net Worth in America reaching record levels. Now I get that they are under extreme pressure to sell the story that everything is rainbows and butterflies. But surely they understand that working class Americans are going along with the story because they really don’t have any say in our nation’s policies anymore. That doesn’t mean they want it thrown in their faces that the Fed has spent 6 years now inflating the wealth of the top 10% so much that it actually lifts the total...
  • NASA Scientist Warns "California Has One Year Of Water Left"

    03/13/2015 11:09:46 AM PDT · by blam · 118 replies
    Zero Hedge ^ | 3-13-2015 | Jay Famiglietti - Tyler Durden
    Tyler Durden 03/13/2015Authored by NASA Senior Water Scientist Jay Famiglietti, originally posted Op-Ed at The LA Times. Given the historic low temperatures and snowfalls that pummeled the eastern U.S. this winter, it might be easy to overlook how devastating California's winter was as well. As our “wet” season draws to a close, it is clear that the paltry rain and snowfall have done almost nothing to alleviate epic drought conditions. January was the driest in California since record-keeping began in 1895. Groundwater and snowpack levels are at all-time lows. We're not just up a creek without a paddle in California,...
  • The Most Economically-Correlated Commodity Is Flashing Red (Lumber)

    01/22/2015 5:58:17 AM PST · by blam · 29 replies
    Zero Hedge ^ | 1-22-1015 | Tyler Durden
    Tyler Durden 01/21/2015 While Crude Oil and Dr. Copper are often cited as economic indicators, as @Not_Jim_Cramer notes, in fact Lumber prices are the most correlated with ISM and GDP of all industrial commodities. That is a problem. Lumber prices are tumbling and are breaking the 6-year up-trend that has 'proved' the recovery. With no CCFD manipulation and less financialization than crude, perhaps Lumber is the real canary in the economic collapse coalmine... Lumber is the most correlated to ISM and GDP of all the industrial commodities... and that is not good for the US economy...
  • Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels

    02/26/2015 7:31:52 AM PST · by SeekAndFind · 14 replies
    Zero Hedge ^ | 02/26/2015 | Tyler Durden
    One of the biggest question marks surrounding the Greek negotiation and ultimately, bailout extension, was just how panicked was the Greek population and domestic corporations. Recall that as explained previously, the tension boiled down to this: the Troika did everything in its power to accelerate the bank run in order to crush any negotiating leverage Varoufakis may have; Greece on the other hand was desperate to make its cash drain appear far better than rumored. Moments ago the Bank of Greece presented its latest, January, deposit data. And it's a doozy: following a record €12.2 billion monthly outflow, greater...
  • Full Circle: The First Anti-Government Protest In Greece Turns Ugly

    02/26/2015 2:41:47 PM PST · by Kartographer · 6 replies
    Zerohedge ^ | 2/26/15 | Tyler Durden
    The first anti-government rally in Athens turned ugly as anti-authoritarian protesters started to smash the windows of a pastry shop and two jewelry shops and put two vehicles and several garbage bins on fire.
  • Why the Globalist Wants Assad of Syria Gone [Vanity]

    02/25/2015 11:31:16 AM PST · by Enlightened1 · 18 replies
    The reason Assad has been vilified is because Qatar wants a natural gas pipeline to run through the Arabian peninsula, through Jordan, through SYRIA, to Turkey. From Turkey, it can connect with existing pipelines to Europe, in order to supply Europe with natural gas. http://www.zerohedge.com/news/2013-05-16/mystery-sponsor-weapons-and-money-syrian-rebels-revealed This proposed pipeline would threaten Russia economically, as Russia currently supplies Europe with natural gas. Syria and Russia are allies. Thus, Assad said "No" to the proposed Qatar-Turkey pipeline that would run through Syria. Next thing you know, there's an "uprising" in Syria, and Assad is public enemy number one. And when it became clear...
  • Since 9/11, The U.S. Has Been Involved In More Than 5 Wars … And They’ve All Been Disasters

    02/22/2015 7:05:35 AM PST · by Leaning Right · 50 replies
    Zero Hedge ^ | Feb. 20, 2015 | "George Washington"
    Below, we demonstrate that the U.S. keeps “losing” war after war. There are 3 potential reasons this might be happening: •Is this chaos an intentional way to implement regime change and grab resources? •Or is this a sign of the decline of the American empire … and we just can’t win a war anymore? •Or do those in charge just not really give a damn about winning … and are they just focusing on one short-term goal after another?
  • Obama To Allow "Moderate" Syrian Rebels Call In B-1B Bombers For Air Support

    02/19/2015 11:59:34 AM PST · by ColdOne · 68 replies
    zerohedge.com ^ | 2/17/15 | Tyler Durden/wsj
    While Obama desperately tries to stick to his now crushed "Nobel peace prize winner" image, by not succumbing to an all-out land war in the one nation where his progressive "pacifism" brought him fame (and according to some, the presidency), namely Iraq, the rest of militant, "interventionist" US foreign policy is rapidly starting to resemble that waged by the most brutally rabid, neo-con Republican leader. Case in point an absolute stunner reported minutes ago by the WSJ, according to which the White House has decided to provide pickup trucks equipped with mounted machine guns and radios for calling in U.S....
  • How Russia Plans To Retaliate For The Saudi-Driven Collapse In Oil

    02/10/2015 9:53:05 PM PST · by lbryce · 49 replies
    Zero Hedge ^ | February 10, 2015 | Tyler Durden
    A week ago we explained that yet another conspiracy theory, one involving virtually every geopolitical hotzone, from Saudi Arabia, to Russia, the United States, Qatar, Syria, ISIS, and Ukraine, has become fact when our speculation from last September, namely that the plunge in oil was an choreographed move between the US and the Saudis (even if Kerry realized - we hope - that it meant a recession for the US energy producing states and a collapse in the only vibrant US industry of the past decade: shale), one seeking to dislodge Russian control over the Syrian government and to facilitate...
  • Europe Fractures:France Pivots To Putin, Germany-US Splinter On Ukraine

    02/08/2015 10:52:44 AM PST · by tcrlaf · 33 replies
    Zerohedge ^ | 2-8-2015 | Durden
    Following yesterday's summary of the utter farce that the Minsk Summit/Ukraine "peace" deal talks have become, the various parties involved appear to be fracturing even faster today. The headlines are coming thick and fast but most prescient appears to be: Despite John Kerry's denial of any split between Germany and US over arms deliveries to Ukraine, German Foreign Minister Steinmeier slammed Washington's strategy for being "not just risky but counterproductive." But perhaps most significantly is France's continued apparent pivot towards Russia. Following Francois Hollande's call for greater autonomy for Eastern Ukraine, former French Pres Nicolas Sarkozy has come out in...
  • ECB Pulls The Trigger: Blocks Funding To Greece - Full Statement

    02/04/2015 1:17:23 PM PST · by tcrlaf · 22 replies
    Zerohedge ^ | 1-4-2015 | Durden
    Just what the market had hoped would not happen... *ECB SAYS IT LIFTS WAIVER ON GREEK GOVERNMENT DEBT AS COLLATERAL *ECB SAYS IT CAN'T ASSUME SUCCESSFUL CONCLUSION OF GREECE REVIEW What this means simply is that since Greek banks are now unable to pledge Greek bonds as collateral and fund themselves, and liquidity is about to evaporate, the ECB has just given a green light for Greek bank runs... and all the worst parts of the bible (or merely a negotiating move to let Greece see just what kind of chaos this will create). And now finally, after many years...
  • Conspiracy Theory Becomes Fact: Entire Oil Collapse Is All About Crushing Russian Control Over Syria

    02/03/2015 7:54:17 PM PST · by tcrlaf · 22 replies
    Zerohedge ^ | 2/3/2015 | Durden
    While the markets are still debating whether the price of oil is more impacted by the excess pumping of crude here, or the lack of demand there, or if it is all just a mechanical squeeze by momentum-chasing HFT algos who also know to buy in the milliseconds before 2:30pm, we bring readers' attention back to what several months ago was debunked as a deep conspiracy theory. Back then we wrote about a certain visit by John Kerry to Saudi Arabia, on September 11 of all days, to negotiate a secret deal with the now late King Abdullah so as...
  • Greek Deposit Outflows Soar In Run-Up To Syriza Victory

    01/25/2015 7:12:17 PM PST · by SeekAndFind · 16 replies
    Zero Hedge ^ | 01/25/2015 | Tyler Durden
    Despite all the fear-mongering by Nea Demokratia (ND), Syriza's victory over the incumbent is dramatically larger than expected (exit polls indicate a potential 12 point margin vs 7 point spreads in the run-up). However, as JPMorgan details, the fear-mongery was very evident in bank deposit runs as proxied outflows surge EUR8 billion last week - more than all of December and the rest of January combined...Via JPMorgan Flows & LiquidityGreek deposit outflows rise sharply this week The monthly Bank of Greece balance sheet data for the month of December revealed a significant increase in Greek bank ECB borrowing which...
  • Out Of My Face Please" - Why Are US Soldiers In Mariupol?

    01/25/2015 10:32:57 AM PST · by Former Proud Canadian · 60 replies
    Zerohedge ^ | Jan 25, 2015 | Tyler Durden
    Amid the devastation of yesterday's Mariupol artillery strikes which killed or wounded dozens, which was promptly blamed by both sides on the "adversary" - and has been proclaimed by both 'sides' (more on that later) as more violent than before the truce - an 'odd' clip has emerged that appears to provide all the 'proof' a US intelligence officer would need to surmise that US military boots are on the ground in Ukraine. As the following clip shows, a Ukrainian journalist approaches what she thinks is a Ukrainian soldier (since he is wearing a Ukrainian military uniform and is carrying...
  • This Is What Gold Does In A Currency Crisis, Euro Edition

    01/23/2015 1:19:26 PM PST · by blam · 18 replies
    Zero Hedge ^ | 1-23-2015 | Tyler Durden
    Tyler Durden 01/23/2015 Submitted by John Rubino via Dollar Collapse blog Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically.(snip)
  • RON PAUL: "Inner City Turmoil and Other Crises: My Predictions for 2015"

    01/11/2015 4:14:14 AM PST · by maddog55 · 24 replies
    THE RON PAUL INSTITUTE via ZeroHedge.com ^ | January 8, 2015 | Copied and excerpted by Tyler Durden on 01/10/2015 12:30 -0500
    If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all Americans will continue to deteriorate. All liberties in America today are under siege. It didn’t happen overnight. It took many years of neglect for our liberties to be given away so casually for a promise of security from the politicians. The tragic part is that the more security was promised — physical and economic — the less liberty was protected. With cradle-to-grave welfare protecting...
  • Russia Just Pulled Itself Out Of The Petrodollar

    01/14/2015 10:37:04 AM PST · by tcrlaf · 30 replies
    Zerohedge ^ | 1-14-2015 | Durden
    Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote "How The Petrodollar Quietly Died, And Nobody Noticed", because for the first time in almost two decades, energy-exporting countries would pull their "petrodollars" out of world markets in 2015. This empirical death of Petrodollar followed years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling....
  • Turkish President's Stunning Outburst: The French Are Behind Charlie Hebdo Massacre; Mossad Blamed

    01/13/2015 11:44:07 AM PST · by SeekAndFind · 63 replies
    Zero Hedge ^ | 01/13/2015 | Tyler Durden
    It was less than 48 hours ago when TurkeyÂ’s prime minister, Ahmet Davutoglu, joined millions marching in Paris to pay tribute to the 17 people killed by ISIS-supporting extremists. Then, almost the moment he got back, things changed, and as the FT politely paraphrases what transpired, the "countryÂ’s president struck a much more confrontational tone." That's one way of putting it. Another is that the former PM and current president, Recep Tayyip Erdogan, of NATO-member Turkey did the unthinkable: accused the west, and French citizens in particular, of staging the Charlie Hebdo murder in order to blame Muslims, even...
  • Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union

    01/05/2015 7:05:20 AM PST · by Enlightened1 · 14 replies
    Zero Hedge ^ | 01/05/15 | Tyler Durden
    Russia has presented a startling proposal to overcome the tensions with the EU: The EU should renounce the free trade agreement with the United States TTIP and enter into a partnership with the newly established Eurasian Economic Union instead. A free trade zone with the neighbors would make more sense than a deal with the US.
  • US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion

    01/02/2015 2:41:00 PM PST · by blam · 42 replies
    Zero Hedge ^ | 1-2-1015 | Tyler Durden
    Tyler Durden 01/02/2015 It seems like it was only yesterday when we reported that, in yet another slight of hand for the US Treasury and Social Security Administration, US debt rose by $32 billion on the last day of November sending total US debt above $18 trillion for the first time ever. As we further noted, it also meant "that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently." Fast forward to today when we are happy to report that according to the US Treasury, America's debt-funded spending...
  • Greece Scrambles To Prevent Deposit Run Goldman Warned About In Its "Worst Case"

    12/29/2014 8:21:15 AM PST · by GilGil · 11 replies
    Zerohedge ^ | 12/29/2014 | Tyler Durden
    Stripping all the political correctness, what Goldman said is that unless Greece quickly folds back in line and does as unelected Brussels eurocrats demand, there may well be a Cyprus-style bank closure coupled with preemptied bank runs. Oops. Because if that was the doubled-down bluff, then Greece just called it, and the "downside scenario" is now in play. Which means Greece now has to scramble to avoid precisely what Goldman warned would happen if the Greeks dared to put their (meagre) savings at risk. And, case in point, here is the Greek finance minister rushing to squash the next steps,...
  • China To Launch Yuan Swap Trading With Russian Rubles On Monday

    12/28/2014 12:24:02 PM PST · by opentalk · 6 replies
    zero hedge ^ | 12/26/14 | Tyler Durden
    The world was slow to wake up to the new reality in which China is now the de facto IMF sovereign backstop, as Zero Hedge described two weeks ago in "China Prepares To Bailout Russia" when we noted that a PBOC swap-line was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze, something we first noted over two months ago in "China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin."In fact, it was only this week that Bloomberg reported that "China Offers Russia Help With...
  • We Live In A New World And The Saudis Are The First To Get It

    12/25/2014 1:52:04 PM PST · by SatinDoll · 38 replies
    The Automatic Earth blog ^ | Dec. 24, 2012 | Raul Ilargi Meijer
    [ Secondary blog source: Tyler Durden / The Zero Hedge / www.zerohedge.com/news/2014-12-24/we-live-new-world-and-saudis-are-first-get-it ] There are many things I don’t understand these days, and some are undoubtedly due to the limits of my brain power. But at the same time some are not. I’m the kind of person who can no longer believe that anyone would get excited over a 5% American GDP growth number. Not even with any other details thrown in, just simply a print like that. It’s so completely out of left field and out of proportion that you would think by now at least a few more...
  • The Destruction Of The Middle Class Is Nearing The Final Stages

    12/24/2014 3:11:54 PM PST · by dontreadthis · 112 replies
    zerohedge.com ^ | 12/23/2014 | Tyler Durden
    The events of the past few months seem astounding when taken in all at once. The plan to destroy the U.S. dollar and the American middle class is moving at an ever increasing speed. At the recent G20 meeting the nations agreed that bank deposits would no longer be considered money. These bank deposits become the property of the banking institution and as such can be used any way the bank wants. This means that any money you deposit in a bank now is no longer yours but makes you an investor in the bank and subject to lose that...
  • Traders Betting Russia’s Next Move Will Be to Sell Gold

    12/17/2014 1:49:34 PM PST · by OneLoyalAmerican · 26 replies
    Zerohedge ^ | Tyler Durden | 12/17/2014
    "Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards.
  • Hacking Collective Anonymous Says FBI Is Lying, "North Korea Is Not Source Of Hack"

    12/21/2014 3:27:45 PM PST · by Nachum · 61 replies
    zero hedge ^ | 12/21/14 | tyler durden
    Having confirmed unequivocally, in a statement by the FBI and reiterated by President Obama, that "the North Korean government is responsible" for hacking Sony, it appears the YouTube-less 'evidence' the FBI provided is being questioned by the hacking-collective 'Anonymous' and former Lulzsec hacker Sabu. As The Daily Beast reports, the hackers blasted, the North Koreans "don’t have the technical capabilities," and added "we all know the hacks didn't come from North Korea, and "all of the evidence FBI cites would be trivial things to do if a hacker was trying to misdirect attention to DPRK." Meanwhile, on Saturday afternoon, Guardians...
  • Russia’s Central Bank Purchases 600,000 Troy Ounces of Gold in November

    12/20/2014 7:53:44 AM PST · by dennisw · 25 replies
    caseyresearch ^ | Dec 19 | Ed Steer
    Russia Busts "Gold-Selling" Rumors, Reports It Bought Another 600,000 Ounces Taking Gold Holdings To New Record High Yesterday, when we reported the latest rumor of Russian gold selling, this time out of SocGen, we said that "it should be noted that SocGen and its "sources" have a conflict: in an indirect way, none other than SocGen is suddenly very interested in Russia stabilizing its economy because as we wrote before, "Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet" which also sent SocGen's default risk higher in recent days. So if all it will take to stabilize...
  • Someone Is Lying: North Korea Almost Certainly Did Not Hack Sony

    12/18/2014 7:54:02 AM PST · by SeekAndFind · 67 replies
    Zero Hedge ^ | 12/18/2014 | Tyler Durden
    Yesterday, moments before the North Korea "hacking" tragicomedy escalated into full retard mode with Sony pulling The Interview, or a movie that absent the attention would certainly be a flop, Wired released an article titled: "North Korea Almost Certainly Did Not Hack Sony" (title subsequently changed to the one below as can be seen in the URL alias "http://www.wired.com/2014/12/north-korea-did-not-hack-sony-probs"), which however, and for the better, retains its content as it is quite critical in debunking the latest government "certainty."
  • Western Banks Cut Off Liquidity To Russian Entities

    12/16/2014 5:42:31 PM PST · by Kartographer · 61 replies
    ZeroHedge ^ | 12/16/14 | Tyler Durden
    As Zero Hedge first reported today, shortly before noon one (and subsequently more) FX brokers advised clients that any existing Ruble positions would be forcibly closed out because "western banks have stopped pricing USDRUB", over concerns of Russian capital controls. Ironically, it was this forced liquidation of mostly short RUB positions that pushed the RUB higher, which in turn had a briefly favorably impact on energy commodities and risk assets, as the market had by then perceived the Ruble selloff as excessive. Of course, since nothing had actually changed aside from a temporary market technical, the selloff promptly resumed into...
  • WTI Crude Craters To $55 Handle, High-Yield Credit Crashing-er

    12/15/2014 12:14:43 PM PST · by tcrlaf · 19 replies
    Zerohedge ^ | 12-15-2014 | Durden
    Having almost touched $59 overnight, WTI crude has collapsed back to a $55 handle, smashing the Ruble lower and high-yield credit spreads higher. US financial stocks are starting to weaken back towards the credit market's warnings as counterparty risk concerns spread...
  • ISIS Leader "Critically Wounded" In US Airstrikes, Al Arabiya Reports

    11/09/2014 4:59:44 AM PST · by Enlightened1 · 48 replies
    Zero Hedge ^ | 11/08/14 | Tyler Durden
    While US authorities noted the airstrikes on a 10-vehicle convoy near Mosul, they could not confirm the identity of those killed. *U.S. SAYS COALITION AIRCRAFT STRIKE IS LEADERS NEAR MOSUL: AFP *U.S. OFFICIAL CONFIRMS AIRSTRIKES TARGETED IS LEADERS:REUTERS *U.S. SAYS IT DESTROYED CONVOY OF 10 ISIS ARMED TRUCKS *CONVOY ATTACK WAS LAST NIGHT IN IRAQ NEAR MOSUL *U.S. SAYS ATTACK WAS AT SITE OF GATHERING OF ISIS LEADERS *U.S. CAN'T CONFIRM IF ISIS LEADER ABU BAKR AL-BAGHDADI THERE *U.S. SAYS IT HAS NO MORE INFORMATION RIGHT NOW ON AIRSTRIKES
  • Record Stocks & Plunging Gas Prices Send Consumer Confidence Tumbling, Biggest Miss Since June 2010

    11/25/2014 9:01:13 AM PST · by GilGil · 13 replies
    Zerohedge ^ | 11/25/2014 | Tyler Durden
    With business confidence at post-crisis lows (in the US and around the world), it is hardly surprising that consumer confidence would fade and at 88.7 (vs 96.0 expectations), this is the biggest miss since June 2010. It appears last month's exuberant surge/beat was anomalous as we tumble from 94.5 in October, in spite of tumbling gas prices and record high stocks... The drop was largely driven by a slide in 'hope' as expectations fell to the lowest since June. Labor, employment, and business conditions all dropped.
  • Ukraine Admits Its Gold Is Gone: "There Is Almost No Gold Left In The Central Bank Vault"

    11/18/2014 9:38:20 AM PST · by tcrlaf · 33 replies
    Zerohedge ^ | 11-18-2014 | Durden
    We reported of a strange incident that took place just after the Ukraine presidential coup, namely that .... "in a mysterious operation under the cover of night, Ukraine's gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US." "at 2:00 am, a transport plane took off took off from Boryspil airport. According to Boryspil staff, prior to the plane's appearance, four trucks and two cargo minibuses arrived at the airport all with their license plates missing. Fifteen people .... stepped out, some armed with machine guns. These people loaded the plane with more...
  • Report: Food Prices Skyrocket: “We’re Going to Have a Major Problem Coming Into the Fall”

    05/14/2014 4:32:58 PM PDT · by Kartographer · 188 replies
    SHTF Plan ^ | 5/14/14 | Mac Slavo
    The Producer Price Index made available by the Bureau of Labor and Statistics this morning has now confirmed those fears. Consumers are seeing an immediate impact to their wallets in the form of food price inflation and in all likelihood the trend will continue going forward. These latest numbers are serious. So much so that according to Zero Hedge, “the last time food prices spiked by this much in one month, the resulting Arab Spring wave of revolutions tumbled governments across north Africa and the middle east.”
  • ISIS Unveils Its New Gold-Backed Currency To Remove Itself From "The Oppressors' Money System"

    11/13/2014 8:32:33 AM PST · by Rusty0604 · 45 replies
    Zerohedge ^ | 11/13/2014 | Tyler Durden
    . It appears the rumors are true. Islamic State is set to become the only 'state' to back its currency with gold (silver and copper) as it unveils the new coins that will be used in an attempt to solidify its makeshift caliphate. ISIS says the new currency will take the group out of "the oppressors' money system." As Zaid Benjamin notes, ISIS releases details of its new currancy with golden 1 & 5 dinar, silver 1, 5, 10 dirham and copper 10 & 20 fils It seems Alan Greenspan may have been on to something after all... "Remember what...
  • Is China Sending America A Message? (Chinese B*t**Slap Barry)

    11/10/2014 3:20:47 PM PST · by mojito · 24 replies
    ZeroHedge ^ | 11/10/2014 | Tyler Durden
    There was China's president, Xi Jinping, Russia's president Vladimir Putin to his right, next to Philippine president Aquino and the uberwealthy Sultan of Brunei Hassanal Bolkiah. And then there is Barack Obama, right in the middle of the "wives club"...
  • Iraq: Saudi Arabia Deploys 30,000 Troops On Iraq Border; Iraq Launches Airstrikes At ISIS Positions

    07/03/2014 5:42:18 AM PDT · by blam · 13 replies
    Zero Hedge ^ | 7-2-2014 | Tyler Durden
    Tyler Durden 07/03/2014 While up until now the virtual war between Saudi Arabia, openly calling for the ouster of Iraq's Maliki (whose words in retaliation were just as harsh) was primarily of words, things appear to be escalating on that front too following an overnight report that Saudi Arabia has deployed 30,000 soldiers to its border with Iraq after Iraqi soldiers withdrew from the area, Saudi-owned al-Arabiya television reported Thursday. The world's top oil exporter shares an 500-mile border with Iraq, where Islamic State of Iraq and al-Sham (ISIS) insurgents and other Sunni Muslim militant groups seized towns and cities...
  • Putin Laughs At Saudi Offer To Betray Syria In Exchange For "Huge" Arms Deal

    08/08/2013 9:01:34 AM PDT · by ScaniaBoy · 33 replies
    ZeroHedge ^ | 2013, 8 August | Tyler Durden
    One of the more surprising news to hit the tape yesterday was that Saudi Arabia, exasperated and desperate by Russia's relentless support of the Syrian regime and refusal to abandon the Syrian army thus facilitating the Qatari plan to pass its natgas pipeline to Europe under Syria, had quietly approached Putin with a proposal for a huge arms deal and a pledge to boost Russian influence in the Arab world if only Putin would abandon Syria's Assad. It will hardly come as a surprise to anyone that in the aftermath of yesterday's dilettante mistake by Obama which alienated Putin from...
  • A Look Inside The Secret Deal With Saudi Arabia That Unleashed The Syrian Bombing

    09/25/2014 7:45:42 AM PDT · by Rusty0604 · 6 replies
    Zerohedge ^ | 09/25/2014 | Tyler Durden
    For those to whom the recent US campaign against Syria seems a deja vu of last summer's "near-war" attempt to ouster its president Bashar al-Assad, which was stopped in the last minute due to some very forceful Russian intervention and the near breakout of war in the Mediterranean between US and Russian navies, it is because they are. And as a reminder, just like last year, the biggest wildcard in this, and that, direct intervention into sovereign Syrian territory, or as some would call it invasion or even war, was not the US but Saudi Arabia - recall from August...
  • China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin

    10/13/2014 6:08:02 AM PDT · by Enlightened1 · 6 replies
    Zero Hedge ^ | 10/13/14 | Tyler Durden
    While it is beyond a doubt that the primary catalyst for Europe's triple-dip recession has been the nearly two quarters and counting of escalating Russian sanctions that were supposed to solely harm Putin (because who could have possibly foreseen that plunging German exports to Russia would have a far greater impact on the export-driven German economy), the truth is that the Kremlin itself is starting to hurt, if not so much as a result of the European trade embargo but mostly due to crashing oil prices, which have been driven lower almost exclusively by Saudi Arabia as part of its...
  • Shocking Anti-Islam Ad Campaign Coming To New York City Buses And Subways

    09/20/2014 7:27:13 PM PDT · by Lorianne · 99 replies
    Zero Hedge ^ | 20 September 2014 | Tyler Durden
    In a move that is certain to further escalate already stretched racial tensions in America's most cosmopolitan city, some 100 New York City buses will soon carry jarring anti-Islamic posters which feature photos of an ISIS beheading victim, his alleged executioner, Adolf Hitler, declare "Yesterday's moderate [Muslim] is today's headline" and proclaim "It's not Islamophobia, it's Islamorealism" as part of an "educational campaign." According to the NY Daily News, the ads, paid for by flame-throwing blogger Pamela Geller, at a cost of $100,000, are intended as an “education campaign” to warn of the “problem with jihad” and Islamic sharia law,...
  • What Petrodollar: Russia, China To Create SWIFT Alternative

    09/12/2014 1:54:36 PM PDT · by Lorianne · 15 replies
    Zero Hedge ^ | 10 September 2014 | Tyler Durden
    If, when in February Victoria Nuland infamously launched a (not so) covert campaign to replace the ruling Ukraine president oblivious to the human casualties, resulting in a civil war in east Ukraine, NATO encroachment along the borders of Russia, and a near-terminal escalation in hostilities between Ukraine, Russian, and various regional NATO members, the US intention was to provoke the Kremlin so hard that the nation with the world's largest reserves of mineral and energy resources would jettison the US Dollar and in the process begin the unraveling of the USD reserve currency status (as much as Jared Bernstein desires...