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  • Obama Authorizes "Defensive" Airstrikes Against Assad Regime In Syria

    08/03/2015 7:25:05 AM PDT · by tcrlaf · 12 replies
    Zerohedge ^ | 8-3-2015 | Durden
    On Friday, we checked in on the Pentagon’s ongoing effort to recruit, vet, and train ambitious "freedom fighters" to join the battle against ISIS in Syria. It goes without saying that covert US efforts to aid the multifarious groups vying for control of the country have met with disastrous consequences so far, but if there’s anything Washington is particularly adept at, it’s making bad foreign policy outcomes worse, which is why we weren’t at all surprised to learn that the commander of the Pentagon's new Syrian "force" was captured, along with his deputy, by al-Qaeda affiliate al-Nusra last week near...
  • The Surveillance State Goes Mainstream: Windows 10 Is Watching (& Logging) Everything

    08/02/2015 2:06:44 PM PDT · by 867V309 · 51 replies
    zerohedge ^ | 08/02/2015 | Tyler Durden!
    From the moment an account is created, Microsoft begins watching. The company saves customers' basic information - name, contact details, passwords, demographic data and credit card specifics - but it also digs a bit deeper... and finding answers is not easy, as one privacy expert exclaimed, "there is no world in which 45 pages of policy documents and opt-out settings split across 13 different Settings screens and an external website constitutes 'real transparency'."
  • Lesson Learned: Poland, Czech Republic Won't Join "Burning" Euro

    07/27/2015 10:30:40 AM PDT · by SeekAndFind · 4 replies
    Zero Hedge ^ | 07/27/2015 | Tyler Durden
    With the turmoil in Greece proving once and for all that in the absence of a fiscal union, the EMU simply cannot function or if it does, it will be subject to episodic crises stemming from endemic differences of opinion on fiscal policy, outsiders could be forgiven for looking upon the currency experiment as an abject failure. Indeed, the struggle to secure a bridge loan for Athens last week underscored the degree to which non-euro countries are reluctant to put their taxpayers on the hook for problems which they believe are the result of an ill-fated attempt to unite fundamentally...
  • What Loss Of Control Looks Like: Chinese Regulator Urges Traders To Rat Out "Malicious Sellers"

    07/27/2015 10:27:06 AM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 07/27/2015 | Tyler Durden
    After pledging a whopping 10% of China's GDP, or just about $1 trillion, to its various (at last check over 40) discrete measures to prop up its collapsing market, among which such threats as arresting shorters of stock and "malicious sellers", actions which have merely slowed down the bursting of the world's biggest stock bubble in recent years, China has finally reverted to what the communist regime does best to preserve "order" - implement witch hunts in which the population rats out any criminals who dare to go against the protocols of the communist party. In this case, the...
  • Why China Has No Choice But To Arrest The Sellers

    07/09/2015 12:34:00 PM PDT · by Enlightened1 · 24 replies
    Zero Hedge ^ | 07/09/15 | Tyler Durden
    After dozens of separate interventions, manipulations, and central-planning machinations over the past three weeks, China resorted to threats overnight when it called for the arrest of "hostile short sellers." The reason they went full Orwell, this is the great loss of 'wealth' in China's history... China's $2 trillion loss in 17 days is the equivalent of 1 India, or... China has lost 15 Greeces in market cap in three weeks In other words, China has to stop the bleeding before it loses another India... or the socially-unrest citizenry will demand gambling returns elsewhere or, absent hope, demand change...
  • Joseph E. Stiglitz: The U.S. Must Save Greece

    07/09/2015 6:53:53 AM PDT · by C19fan · 34 replies
    Time ^ | July 9, 2015 | Joseph E. Stiglitz
    If Greece continues with austerity, it would be depression without end As the Greek saga continues, many have marveled at Germany’s chutzpah. It received, in real terms, the largest bailout and debt reduction in history and unconditional aid from the U.S. in the Marshall Plan. And yet it refuses even to discuss debt relief. Many, too, have marveled at how Germany has done so well in the propaganda game, selling an image of a long-failed state that refuses to go along with the minimal conditions demanded in return for generous aid.
  • Greece Caves, Formally Requests ESM Bailout: Full Headline And Next Steps Summary

    07/08/2015 5:24:31 AM PDT · by Wiz-Nerd · 44 replies
    ZeroHedge ^ | 07/08/2015 | Tyler Durden
    As we reported yesterday, following the latest European leaders summit, Greece was given until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. "The stark reality is that we have only five days left ... Until now I have avoided talking about deadlines, but tonight I have to say loud and clear that the final deadline ends this week," European Council President Donald Tusk told a news conference. It did that moments ago when Greece...
  • U.S. Cyber Attack? (Wall Street Journal Web Page Is Down)

    07/08/2015 9:16:25 AM PDT · by Enlightened1 · 99 replies
    07/08/15
    First United Airlines today now then The Stock Exchange Earlier I noticed this Morning Apple Music was down. Then Zero Hedge was down earlier. Now the Wall Street Journal is down.
  • China State Official Hints Beijing May Bailout Greece

    07/03/2015 6:57:07 AM PDT · by SeekAndFind · 15 replies
    Zero Hedge ^ | 07/03/2015 | Tyler Durden
    On Monday, after Greek PM Alexis Tsipras’ dramatic referendum call sparked a run on Greek ATMs, grocery stores, and gas stations, we did our part to help ameliorate the situation by sending a subtle message to Athens: Dear Greece, if you want to apply for a loan from the Asian Infrastructure Investment Bank, send an email to: information@aiibank.org— zerohedge (@zerohedge) June 28, 2015 Indeed, now may be an opportune time to tap Beijing for a few billion given that China officially launched the AIIB this week. As a reminder, the success of China’s AIIB membership drive was a political disaster...
  • China Makes It Official, Launches The Bank That Humiliated Washington

    06/30/2015 10:22:19 AM PDT · by aMorePerfectUnion · 13 replies
    Zero Hedge ^ | 6-30-15 | Tyler Durden
    In March, China was “handed a propaganda coup” (to use WSJ’s words), when the UK decided, in the face of loud protestations from Washington, to support Beijing’s efforts to launch a new development bank aimed at filling the gaps left by traditional post-war multilateral institutions such as the IMF and the ADB. The US claims it has concerns about governance and adherence to international norms around corruption and environmental protocol, but as even the most casual observers are well aware, the real concern in Washington (and in Tokyo) is that China will use the bank as an instrument of...
  • French Economy In "Dire Straits", "Worse Than Anyone Can Imagine", Leaked NSA Cable Reveals (2012)

    06/29/2015 5:19:28 PM PDT · by dynachrome · 27 replies
    zero hedge ^ | 6-29-15 | Zero Hedge
    French Finance Minister Says Economy in Dire Straits, Predicts Two Atrocious Years Ahead (TS//SI//NF) (TS//SI//NF) The French economic situation is worse than anyone can imagine and drastic measures will have to be taken in the next 2 years, according to Finance, Economy, and Trade Minister Pierre Moscovici. On 19 July, Moscovici, under pressure to reestablish a preretirement unemployment supplement known as the AER, warned that the situation is dire. Upon learning that there are no funds available for the AER, French Senator Martial Bourquin warned Moscovici that without the AER program the ruling Socialist Party will have a rough time...
  • Referendum Vote Underway In Greek Parliament - Live Feed

    06/27/2015 4:53:17 PM PDT · by dynachrome · 37 replies
    zero hedge ^ | 6-27-15 | Zero Hedge
    The Greek parliament is in session on Saturday evening as lawmakers debate the country's EMU fate and vote on the referendum called by PM Alexis Tsipras just after midnight this morning. TSIPRAS SAYS REFERENDUM WILL BE MOMENT OF TRUTH FOR CREDITORS TSIPRAS: GREEK PROPOSAL FOR SUSTAINABLE DEAL STILL ON TABLE TSIPRAS SAYS REFERENDUM NOT MEANT AS RUPTURE WITH EUROPE TSIPRAS SAYS GAME OF BAILOUT HAS COME TO AN END GREEK PARLIAMENT TO RESUME IN 10 MIN AHEAD OF REFERENDUM VOTE SAMARAS SAYS REFERENDUM DRAGS COUNTRY OUT OF EUROPE SAMARAS SAYS CREDITORS DISCUSSING PLAN B FOR GREECE STATE MINISTER PAPPAS SAYS...
  • Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"

    06/13/2015 2:12:39 PM PDT · by Rockitz · 78 replies
    ZeroHedge.com ^ | 13 Jun 2015 | Tyler Durden
    The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government. From 2011: "The University of Texas Investment Management...
  • The Front-Runners In Fusion Energy

    06/12/2015 2:24:36 PM PDT · by ckilmer · 15 replies
    zerohedge ^ | Thu, 11 June 2015 21:49 | | Michael McDonald
    The Front-Runners In Fusion Energy Submitted by Tyler Durden on 06/12/2015 15:14 -0400 Reality     inShare1   Submitted by Michael McDonald via OilPrice.com,Fusion power has been something of a holy grail in the energy field for decades. The idea of harnessing the same energy that powers the sun naturally excites many. At the same time, despite decades of research, fusion energy has yet to come close to being a reality. The only significant practical advance in fusion reactions has been the development of thermonuclear weapons like the hydrogen bomb which, for all intents and purposes, serve the same purpose...
  • Wikileaks Release from “Trade in Services Agreement" (TiSA and TTiP are SECRET; TPP is semi-secret)

    06/11/2015 5:13:41 PM PDT · by concernedcitizen76 · 6 replies
    Zero Hedge ^ | June 6, 2015 | Mike Krieger
    Passing this corporate giveaway masquerading as a “free trade deal” is a lengthy process; a process that begins today with a Senate vote on Trade Promotion Authority (TPA), also known as “fast track.” Passing TPA would be Congress agreeing to neuter itself to a yes or no vote on a trade pact and ceding its power to amend it. Even worse, it would give trade deals this expedited process for six years, thus outlasting the current Administration, and applying to other “trade” deals like the TTIP. Mind you, TPA is being voted on while the TPP text remains completely hidden...
  • And it's gone...Greek Banks in Macedonia can't withdraw cash - Central Bank's Bogov

    06/12/2015 7:42:44 AM PDT · by alexmark1917 · 39 replies
    https://twitter.com/zerohedge/status/609341858045497344 https://twitter.com/TraderStef/status/609355146842275840 https://twitter.com/JAFF3/status/609343992803774464 https://twitter.com/russian_market/status/609341880623591424 The bank runs (and capital controls) begin. Macedonia Central Bank Governor Bogov states: *GREEK BANKS IN MACEDONIA CAN’T WITHDRAW CASH: BOGOV*MACEDONIAN BANKS PROTECTED IN CASE OF GREXIT: BOGOV How long before the rest of Europe follows suit and a bank holiday is declared Monday to "Cyprus" depositors? He further added: *MACEDONIAN CENTRAL BANK SEES MAJOR RISKS FROM POLITICAL CRISIS http://www.zerohedge.com/news/2015-06-12/macedonia-central-bank-blocks-greek-bank-withdrawals-case-grexit Macedonia Central Bank blocks Greek bank withdrawals FXStreet (Córdoba) - Macedonian Central Bank's Governor Dimitar Bogov has stated that Greek banks are not able to withdraw cash. According to Bogov, this withdrawal halt is protection against...
  • Overeducated Writer Explains Why He Defaulted On His Student Loans, Asks "Am I a Deadbeat?"

    06/07/2015 2:33:27 PM PDT · by SeekAndFind · 63 replies
    Zero Hedge ^ | 06/07/2015 | Tyler Durden
    There are some valid points raised in Lee Siegel's 1100 word rant against college loans (if not so much against college education). There are some bad ones. But two things are clear: the words "personal" and/or "responsibility" were used precisely zero times, and the op-ed writer, who described himself as "the author of five books who is writing a memoir about money", is hardly a glowing advertisement for an education attained (funded with either debt or equity) at one of the Ivy League's "best", Columbia University.That, or the return on money after spending nearly a decade in university and...
  • May Consumer Spending Has Biggest Annual Drop Since Great Financial Crisis, Gallup Survey Finds

    06/01/2015 9:52:09 PM PDT · by Nachum · 18 replies
    zero hedge ^ | 6/1/15 | tyler durden
    It may not have the clout of the official monthly Dept of Commerce Retail Sales report not due out for two more weeks, but in retrospect considering how many credibility issues with seasonal adjustments government data has had in recent months, the Gallup Consumer Spending report may have become far more realistic than official government data.In which case all hope of a Q2 GDP rebound abandon, ye who read this: after a strong April, in which the average consumer reported a daily spend of $91, $3 higher than a year prior, and the highest spending month since before the great financial...
  • This Is How Little It Cost Goldman To Bribe America's Senators To Fast Track Obama's TPP Bill

    05/31/2015 6:16:54 AM PDT · by cutty · 56 replies
    Zero Hedge ^ | 05/30/2015 | Tyler Durden
    It took just a few days after the stunning defeat of Obama's attempt to fast-track the Trans Pacific Partnership bill in the Senate at the hands of his own Democratic party, before everything returned back to normal and the TPP fast-track was promptly passed. Why? The simple answer: money. Or rather, even more money. Because while the actual contents of the TPP may be highly confidential, and their public dissemination may lead to prison time for the "perpetrator" of such illegal transparency .... fast-tracking the TPP, meaning its passage through Congress without having its contents available for debate or amendments,...
  • US-Trained Special Forces Chief Joins ISIS, Vows To Bring Jihad To Russia & America

    05/29/2015 10:05:00 PM PDT · by tcrlaf · 29 replies
    Russian video; Reuters article copied by Durden on Zerohedge ^ | 5-29-2015 | Russian video; Reuters article copied by Durden
    Meet Gulmurod Khalimov, the US-trained and funded former commander of Tajikistan's special forces, who, as Reuters reports, has now gone to Syria to fight with ISIS. He has a message: "Listen, you American pigs, I’ve been three times to America, and I saw how you train fighters to kill Muslims...God willing, I will come with this weapon to your cities, your homes, and we will kill you." As Reuters reports: Colonel Gulmurod Khalimov commanded the Central Asian nation’s special-purpose police known as OMON, used against criminals and militants. He disappeared in late April, prompting a search by Tajik police. He...
  • Lake Mead Water Level Mysteriously Plunges After Nevada Quake

    05/24/2015 8:13:40 PM PDT · by Rockitz · 68 replies
    ZeroHedge.com ^ | 24 May 2015 | Tyler Durden
    A 4.8 magnitude earthquake (originally reported 5.4) shook Las Vegas and surrounding areas Friday morning causing roads and bridges to be closed. The quake went little-reported outside of local news (since there was at first glance minimum damage caused) but, since the quake's occurrence, something considerably more worrisome has occurred. In the 36 hours since the quake's occurrence, water levels at Lake Mead have plunged precipitously. While we know correlation is not causation, the 'coincidence' of an extreme loss in water levels occurring in the aftermath of one of the largest quakes in recent Vegas history does raise a suspicious...
  • Secret Pentagon Report Reveals US "Created" ISIS As A "Tool" To Overthrow Syria's President Assad

    05/24/2015 11:33:48 AM PDT · by MtnClimber · 56 replies
    Zero Hedge ^ | May 23, 2015 | Tyler Durden
    From the first sudden, and quite dramatic, appearance of the fanatical Islamic group known as ISIS which was largely unheard of until a year ago, on the world's stage and which promptly replaced the worn out and tired al Qaeda as the world's terrorist bogeyman, we suggested that the "straight to beheading YouTube clip" purpose behind the Saudi Arabia-funded Islamic State was a simple one: use the Jihadists as the vehicle of choice to achieve a political goal: depose of Syria's president Assad, who for years has stood in the way of a critical Qatari natural gas pipeline, one which...
  • Secret Pentagon Report Reveals US "Created" ISIS As A "Tool" To Overthrow Syria's President Assad

    05/23/2015 7:00:26 PM PDT · by Rockitz · 147 replies
    ZeroHedge.com ^ | 23 May 2015 | Tyler Durden
    From the first sudden, and quite dramatic, appearance of the fanatical Islamic group known as ISIS which was largely unheard of until a year ago, on the world's stage and which promptly replaced the worn out and tired al Qaeda as the world's terrorist bogeyman, we suggested that the "straight to beheading YouTube clip" purpose behind the Saudi Arabia-funded Islamic State was a simple one: use the Jihadists as the vehicle of choice to achieve a political goal: depose of Syria's president Assad, who for years has stood in the way of a critical Qatari natural gas pipeline, one which...
  • This Is How You "Boost" GDP: US Sells Over $4 Billion In Weapons To Israel, Iran And Saudi Arabia

    05/22/2015 8:42:03 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 05/22/2015 | Tyler Durden
    War, what's it good for? Aside from countless deaths of innocent civilians of course, it means a GDP boost for the biggest exporter of weapons on earth, the United States, and even more profits for the US military-industrial complex. Profits which mean the shareholders of America's arms manufacturers get even richer. Which is why following months of middle-eastern sabre ratling and numerous quasi-wars already raging in the region, moments ago the U.S. State Department approved the sale of 10 MH-60R Seahawk helicopters to Saudi Arabia for $1.9 billion, the first step in "a major multibillion-dollar modernization of the Saudi...
  • Stunned Greeks React To Initial Capital Controls And The "Decree To Confiscate Reserves

    04/20/2015 7:07:12 PM PDT · by Rusty0604 · 48 replies
    Zerohedge ^ | 04/20/2015 | Tyler Durden
    Earlier today, following weeks of speculation, Greece finally launched the first shot across the bow of capital controls, when it decreed that due to an "extremely urgent and unforeseen need" (ironically the need was quite foreseen since about 2010, but that is a different story), it would be "obliged" to transfer - as in confiscate - "idle cash reserves" located across the country's local governments (i.e., various cities and municipalities) to the Greek central bank. Several hours later the decree which was posted in the government gazette has finally percolated among the population, and the response to what even ordinary...
  • US Economy Grinds To A Halt, Again: Q1 GDP Tumbles Below Expectations, Rises Paltry 0.2%

    04/29/2015 10:02:50 AM PDT · by tcrlaf · 13 replies
    Zerohedge ^ | 4-29-2015 | Durden
    And so the Atlanta Fed, whose "shocking" Q1 GDP prediction Zero Hedge first laid out nearly 2 months ago, with its Q1 GDP 0.1% forecast was spot on. Moments ago the BEA reported that Q1 GDP was far worse than almost everyone had expected, and tumbled from a 2.2% annualized growth rate at the end of 2014 to just 0.2%, in a rerun of last year when it too "snowed" in the winter. This was well below the Wall Street consensus of a print above 1.0%. n other words, in the quarter in which the S&P rose to unseen highs,...
  • Iran Forces Open Fire On, Seize "Trespassing"US Cargo Ship With 34 People On Board, Arabiya Reports

    04/28/2015 10:28:06 AM PDT · by dontreadthis · 39 replies
    Zero Hedge ^ | 04/28/2015 | Tyler Durden
    Update 3: Turns out Iran did seize a ship, just not a US ship: PENTAGON SAYS NO US SHIP WAS SEIZED BY IRAN NON-U.S. SHIP MAY HAVE BEEN SEIZED BY IRAN, U.S. OFFICIAL SAYS IRANIAN MILITARY BOARDED MARSHALL ISLANDS-FLAGGED CARGO SHIP IRANIANS BOARDED MV MAERSK TIGRIS CARGO SHIP: PENTAGON Update 2: Curiously, while we were confident Iran would deny the report first, it was in fact the US: US NAVY DENIES CONFRONTATION WITH IRANIAN MILITARY: CNBC The good news is that it will be very easy to confirm who is lying and who is telling the truth, in a matter...
  • ISIS Is Just Miles Away From Assad's Presidential Palace In Damascus

    04/09/2015 10:53:30 PM PDT · by Citizen Zed · 21 replies
    Zero Hedge ^ | 4-9-2015 | Tyler Durden
    Don’t look now but ISIS fighters are just a few short miles away from Bashar al-Assad’s Presidential Palace in Syria after taking control of the Yarmouk refugee camp in Damascus where some 18,000 are trapped in what the UN calls a “beyond inhumane” situation. The camp, which has been under siege by the Assad regime for years came under attack by ISIS earlier this month who reports indicate may be working alongside al-Qaeda’s Syrian arm al-Nusra in what would be a break with recent precedent. Some Palestinian factions — who, alongside the Free Syria Army are battling ISIS for control...
  • John Kerry - Nobel Peace Prize Nominee?

    04/04/2015 10:51:34 AM PDT · by SeekAndFind · 35 replies
    Zero Hedge ^ | 04/04/2015 | Tyler Durden
    John Kerry did not start the negotiations with Iran over its nuclear program; but, as National Journal's George Condon notes, nobody has thrown himself more into the talks and nobody's reputation has more riding on their outcome than the American secretary of State currently trying to hammer out a deal in Switzerland. Even if he is able to claim success, Kerry—again—may not get the payoff he'd like. Given the complexity of the negotiations, the opposition of Israel's government, and the critics in Congress, the verdict almost certainly will be mixed. "If these talks succeed, that is going to be his...
  • Greece Said To Prepare "Grexit", Drachma, Bank Nationalization Plans

    04/04/2015 12:47:25 AM PDT · by Crapolla · 19 replies
    zero hedge ^ | 04/03/2015 | Tyler Durden
    On Thursday morning, we took an in-depth look at what the progression of events is likely to be in the event a cash-strapped, negotiation-weary Greece finally, for lack of will or for lack of options, fails to scrape together enough cash to pay its creditors. As BofAML notes, a missed IMF payment and/or failure to make interest payments to either the ECB or private creditors over the coming weeks would likely lead to default within 30 days, at which point "mark-to-fantasy" becomes mark-to-market and then "mark-to-default" in very short order. Although Greek officials came out midday with a “categorical” denial...
  • 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 · 27 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...