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Keyword: zerohedge

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  • Saudis Mull Launch Of Regional War As Russia Pounds Targets In Syria For Fourth Day

    10/04/2015 9:33:30 AM PDT · by amorphous · 61 replies
    Zero Hedge ^ | 4 Oct 2015
    While the US has certainly made some epic strategic blunders in Syria that raise serious questions about just how “intelligent” US intelligence actually is, there’s little doubt that if one were to look behind all of the media parroting, the Pentagon and Langley understand all too well what’s going on in the Middle East. That is, the significance of the Russia-Iran “nexus” in Syria isn’t lost on anyone in the US military and you can bet there have been quite a few high level discussions over the past 72 hours about the best way to counter Moscow and Tehran’s powerplay...
  • Largest US Foreign Policy Blunder Since Vietnam: Iran Readies Massive Syrian Ground Invasion

    10/03/2015 8:23:28 PM PDT · by SeekAndFind · 48 replies
    Zero Hedge ^ | 10/03/2015 | Tyler Durden
    On Thursday, in “Mid-East Coup: As Russia Pounds Militant Targets, Iran Readies Ground Invasions While Saudis Panic”, we attempted to cut through all of the Western and Russian media propaganda on the way to describing what Moscow’s involvement in Syria actually portends for the global balance of power. Here are a few excerpts that summarize what’s taking shape in the Middle East: Putin looks to have viewed this as the ultimate geopolitical win-win. That is, Russia gets to i) expand its influence in the Middle East in defiance of Washington and its allies, a move that also helps to...
  • US Foreign Policy Blunder: Iran Readies Syrian Ground Invasion

    10/03/2015 12:33:20 PM PDT · by SatinDoll · 29 replies
    The Zero Hedge ^ | Sept. 3, 2015 | Tyler Durden
    (Original title too lengthy: The Largest US Foreign Policy Blunder Since Vietnam Is Complete: Iran Readies Massive Syrian Ground Invasion) On Thursday, in “Mid-East Coup: As Russia Pounds Militant Targets, Iran Readies Ground Invasions While Saudis Panic”, we attempted to cut through all of the Western and Russian media propaganda on the way to describing what Moscow’s involvement in Syria actually portends for the global balance of power. Here are a few excerpts that summarize what’s taking shape in the Middle East: Putin looks to have viewed this as the ultimate geopolitical win-win. That is, Russia gets to i) expand...
  • Saudi Arabia Seizes Iranian Ship "Laden With Missile Launchers, Anti-Tank Weapons"

    09/30/2015 3:43:24 PM PDT · by amorphous · 20 replies
    Zero Hedge ^ | 30 Sep 2915
    With Syria making national headlines on a daily basis, it’s easy to forget about the Middle East’s other proxy war raging in Yemen. For months, a Saudi-led coalition has been battling Iran-backed militants for control of the country which was effectively wrested from Mansour Hadi earlier this year when the Sauid-backed President was forced to flee to Riyadh as the Houthis advanced on Aden. Sadly, Yemen has since descended into chaos, an embarrassment for the Obama administration which just a little over a year ago held the country up as an example of Washington’s successful counterterrorism efforts (no mention was...
  • British General Threatens Military Coup If Corbyn Elected

    09/21/2015 2:43:03 PM PDT · by Kartographer · 36 replies
    ZeroHedge ^ | 9/21/15 | Tyler Durden
    "We’re not Bolivia for God’s sake"...
  • Yellen Is Trapped in the Worst Nightmare Ever

    09/20/2015 4:30:14 AM PDT · by dontreadthis · 50 replies
    armstrong economics ^ | September 20, 2015 | Martin Armstrong
    Yellen has inherited a complete nightmare. Thursday’s decision to delay yet again the long-awaited liftoff from zero interest rates is illustrating that the world economy is totally screwed. There is a lot of speculation about why the Fed seems so reluctant to “normalize monetary policy”. There are of course the typical domestic issues that there is low inflation, weak wage gains in the face of strong job growth, a hike will increase the Federal deficit and then there is the argument that corporations that now have $12.5 trillion in debt. All that is nice, but with corporate debt, our clients...
  • Martin Armstrong Warns "Hell Is About To Break Loose"

    09/20/2015 11:30:44 AM PDT · by Jack Hydrazine · 141 replies
    Zero Hedge ^ | 20SEP2015 | Tyler Durden
    Yellen has inherited a complete nightmare. Thursday’s decision to delay yet again the long-awaited liftoff from zero interest rates is illustrating that the world economy is totally screwed. There is a lot of speculation about why the Fed seems so reluctant to “normalize monetary policy”. There are of course the typical domestic issues that there is low inflation, weak wage gains in the face of strong job growth, a hike will increase the Federal deficit and then there is the argument that corporations that now have $12.5 trillion in debt. All that is nice, but with corporate debt, our clients...
  • Russia Says It May Send Troops Into Combat In Syria As A Worried Netanyahu Heads To Moscow

    09/18/2015 7:37:11 AM PDT · by Wilderness Conservative · 27 replies
    Zero Hedge ^ | 9/18/15
    On Thursday evening, we detailed a Reuters report which suggested that the influx of Russian technical and logistical support to Bashar al-Assad’s depleted army at Latakia might have breathed new life into the regime as it seeks to rout Islamic State and a whole host of other armed groups fighting for control of Syria. “Foreign Minister Walid al-Moualem said on Thursday Russia had provided new weapons and trained Syrian troops how to use them,” Reuters said, before describing what certainly sounds like an invigorated air campaign against the de facto ISIS capital at Raqqa. Importantly, al-Moualem also indicated that Syria...
  • Trolls on tour: how Kremlin money buys Western journalists

    09/17/2015 1:58:13 AM PDT · by AdmSmith · 7 replies
    Euromaidan Press ^ | 2015/08/20 | Kentrails Research collective
    In the summer of 2014, a photographic exhibition on the conflicts in Ukraine and Syria appeared in Berlin and Brussels. Its advertising promised to present a “balanced, truthful picture.” The organizers meticulously disguised their identities. At the same time, they offered huge amounts of money to Western journalists without mentioning the conditions. The Kentrails research collective, an antifascist watchgroup, has researched the exhibition’s background and uncovered a propaganda network in which Russian right-wing extremists collaborate with the Kremlin-associated St. Petersburg “troll factory” in an attempt to impact the Western public.
  • US Rejected Offers by Afghanistan, Iraq, Libya & Syria to Surrender...and Proceeded to Wage War.

    09/16/2015 3:13:18 PM PDT · by Shery · 5 replies
    Zero Hedge ^ | 16 September, 2015 | George Washington
    The Daily Mail reported last year: A self-selected group of former top military officers, CIA insiders and think-tankers, declared Tuesday in Washington that a seven-month review of the deadly 2012 terrorist attack has determined that [Gaddafi offered to abdicate as leader of Libya.] ‘Gaddafi wasn’t a good guy, but he was being marginalized,’ [Retired Rear Admiral Chuck ] Kubic recalled. ‘Gaddafi actually offered to abdicate’ shortly after the beginning of a 2011 rebellion. ‘But the U.S. ignored his calls for a truce,’ the commission wrote, ultimately backing the horse that would later help kill a U.S. ambassador. Kubic said that...
  • Bank Caught Using Fake Gold As Reserve Capital In Russia

    09/12/2015 4:41:48 PM PDT · by SatinDoll · 29 replies
    Zero Hedge ^ | Sept. 12, 2015 | Tyler Durden
    Over the past several years, incidents involving fake gold (usually in the form of gold-plated tungsten) have emerged every so often, usually involving Manhattan's jewerly district, some of Europe's bigger gold foundries, or the occasional billion dealer. But never was fake gold actually discovered in the form monetary gold, held by a bank as reserve capital and designed to fool bank regulators of a bank's true financial state. This changed on Friday when Russia's "Admiralty" Bank, which had its banking license revoked last week by Russia's central bank, was reportedly using gold-plated metal as part of its "gold reserves." According...
  • How Europe Will Pay For The Refugee Crisis: Higher Taxes For The Rich

    09/10/2015 10:08:52 AM PDT · by SeekAndFind · 14 replies
    Zero Hedge ^ | 09/10/2015 | Tyler Durden
    Europe's handling of its refugee crisis has led to much criticism and left even more to be desired, but until now Europe's general population was largely on the side of the misplaced migrants who are trying to reestablish their lives away from the daily horrors of the middle east, all in the name of a Qatari gas pipeline. Just today, the Globe and Mail reported that French public opinion has swung dramatically to majority support for an intake of more migrants from war zones like Syria, a new poll showed as the country welcomed further busloads of asylum seekers...
  • "Sorry?" (Hillary)

    09/10/2015 4:20:48 PM PDT · by bronxville · 16 replies
    zerohedge ^ | 09/10/2015 | Tyler Durden
    Unequivocally apologetic... .
  • Something Just Snapped At The Comex

    09/09/2015 10:12:22 AM PDT · by blam · 24 replies
    Zero Hedge ^ | 9-9-2015 | Tyler Durden
    Tyler Durden 09/09/2015 Just over one month ago, when looking at the latest changes in registered gold held at the Comex ,we were stunned not only by the collapse in this series to a record low of just over 350k ounces or barely over 10 tons, but also by the surge in "gold coverage", or the amount of paper gold claims on physical gold, which exploded to a record high 124 per ounce. This is what we said on August 3: While on its own, gold open interest - which merely represents the total potential claims on gold if exercised...
  • "Some People Just Don't Fit In The Economy" Buffett Explains: "We'll Send Them Off To Afghanistan"

    09/08/2015 5:58:15 PM PDT · by Nachum · 63 replies
    zero hedge ^ | 9/8/15 | Tyler Durden
    Not to be outdone by his partner Charlie Munger (who offended many with his comments that "gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939,"), Berkshire Hathaway's Warren Buffett - having already taken on Europe, comparing Greece to a "dog peeing on the carpet" of Europe, suggesting Germany stop "rewarding behavior you want to get rid of" - takes aim at the military. Speaking on Bloomberg TV, the octagenerian oracle of offense just unfriended every American veteran... "You want everybody educated to their potential. You want people to reach their...
  • 698,000 Native-Born Americans Lost Their Job In August: Why This Is The Most Important Jobs Chart

    09/08/2015 8:14:38 AM PDT · by SeekAndFind · 12 replies
    Zero Hedge ^ | 09/08/2015 | Tyler Durden
    After the Fed admitted over a year ago that the US unemployment rate (which in 2012 was supposed to be a rate hike "threshold" once it hit 6.5% and is now at 5.1%) has become irrelevant in a country where a record 94 million people have left the labor force, and with the Fed poised to hike rates even though US hourly wages have not only not increased for the past 7 years, but for the vast majority of the labor force continue to decline, some have asked - is there any labor-related chart that matters any more?The answer:...
  • 698K Native-Born Americans Lost Their Job In August

    09/07/2015 4:55:41 PM PDT · by SkyPilot · 36 replies
    Zero Hedge and Drudge ^ | 7 Sep 15 | Tyler Durden
    698K Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most Important Jobs Chart After the Fed admitted over a year ago that the US unemployment rate (which in 2012 was supposed to be a rate hike "threshold" once it hit 6.5% and is now at 5.1%) has become irrelevant in a country where a record 94 million people have left the labor force, and with the Fed poised to hike rates even though US hourly wages have not only not increased for the past 7 years, but for the vast majority of the labor force continue...
  • Another Chinese Chemical Plant Explodes, Huge Clouds Of Black Smoke Billow Skyward (4th in a month)

    09/07/2015 10:34:16 AM PDT · by SeekAndFind · 57 replies
    Zero Hedge ^ | 09/06/2015 | Tyler Durden
    If you’re planning on travelling to China, we have two pieces of advice: Do not look like a short sellerDo not go near any chemical factories Failing to heed the first tip there could get you thrown in jail (or, as Man Group’s China chief Li Yifei calls it, sent on a "short vacation"). The consequences of failing to follow the second piece of advice above could be, how should we put this... explosive. With Beijing still scrambling to contain the fallout (both figuratively and literally) from the devastating blast at Tianjin which killed some 160 people and injured more than...
  • The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month

    09/07/2015 10:25:51 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 09/06/2015 | Tyler Durden
    Shortly after the PBoC’s move to devalue the yuan, we noted with some alarm that it looked as though China may have drawn down its reserves by more than $100 billion in the space of just two weeks. That, we went on the point out, would represent a stunning increase over the previous pace of the country’s reserve draw down, which we began documenting months ahead of the devaluation (see here, for instance). We went on to estimate, based on the projected size of the RMB carry trade unwind, how large the FX reserve liquidation might need to be to...
  • The Elite Have Prepared For The Coming Collapse – Have You?

    09/07/2015 9:54:36 AM PDT · by Kartographer · 62 replies
    ZeroHedge ^ | 9/7/15 | Tyler Durden
    Earlier this year, the Mirror published an article all about this entitled “Panicked super rich buying boltholes with private airstrips to escape if poor rise up“. Here is a brief excerpt… Robert Johnson, president of the Institute of New Economic Thinking, told people at the World Economic Forum in Davos that many hedge fund managers were already planning their escapes. He said: “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway.” Keep in mind that these are not just some rumors that...
  • "We Made It Wider!" Hank Paulson Bursts Out Laughing When Asked About Wealth Inequality

    09/07/2015 7:31:14 AM PDT · by Cheerio · 28 replies
    Zerohedge ^ | 09/06/2015 | Tyler Durden
    A few months ago, a hurt Ben Bernanke put on his blogger hat and set out to explain why, in his mind, the unconventional policies undertaken by the Fed in the post-crisis years have not contributed to record income inequality. As we noted at the time, epic hilarity ensued. Bernanke’s explanation went something like this: while QE does indeed inflate asset prices, poor people have been getting poorer for quite some time, so sure, maybe the Fed contributed a little bit, but probably not a whole lot and besides, the more Keynes the better when it comes to smoothing out...
  • Second Largest US Pension Fund To Sell 12% Of Stocks Holdings In Advance Of "Another Downturn"

    09/05/2015 8:03:02 PM PDT · by SkyPilot · 9 replies
    Zero Hedge ^ | Submitted by Tyler Durden on 09/02/2015 17:49 -0400 | Tyler Durden
    While many continue to debate if what with every passing day increasingly looks like a global recession, one from which the US will not decouple no matter how many "virtual portfolio" asset managers claim the contrary, there are those who without much fanfare are already taking proactive steps to avoid the kind of fallout that the markets have hinted in the past month of trading, is inevitable. Some such as Calstrs: the nation's second largest pension fund with $191 billion in assets (smaller only than Calpers), which as the WSJ reports is "considering a significant shift away from some stocks...
  • Gold Jumps After China Reveals It Bought Another 19 Tons In July

    08/14/2015 6:28:06 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 08/14/2015 | Tyler Durden
    One month ago, when everyone suspected that the PBOC's dramatic, 57% jump in gold holdings after a 6 year silence, to a "record" 1658 tons would be a "one-and-done" event, meant to facilitate China's admission into the SDR, we disagreed. This is what we said: ... now that the seal has been finally broken after so many years, and since today's update indicates that Chinese gold numbers are clearly goal-seeked with a specific policy purpose - to boost confidence - we await for the PBOC to start leaking incremental gold holding data every month (and especially in months when...
  • In Major Humiliation For Obama, Iran Sends Soldiers To Support Russian Troops In Syria

    09/10/2015 9:17:09 PM PDT · by Nachum · 48 replies
    zero hedge ^ | 9/10/15 | tyler durden
    When Zero Hedge first reported ten days ago that Russian troops, in their bid to support the Assad regime in its ongoing confrontation with various ISIS, Al Nusra, and other US-supported groups in what has become the proxy war of 2015 (one which even comes with thousands of refugees for dramatic media impact) had been quietly massing in Syria and have set up a forward operating base near Damascus, there were those who were openly skeptical. Then, just a few hours ago, Bloomberg finally confirmed that "top officials were scheduled to meet at the National Security Council Deputies Committee level...
  • "Some People Just Don't Fit In The Economy" Buffett Explains: "We'll Send Them Off To Afghanistan"

    09/09/2015 11:43:39 AM PDT · by tang-soo · 19 replies
    Zero Hedge ^ | 9/8/2015 | Tyler Durden
    "You want everybody educated to their potential. You want people to reach their potential. That still won't work for some people in a highly developed market system. I mean if this were a sports-based system, you could give me a PhD in football, and I could practice eight hours a day, and I might be able to carry the water from, not onto the field, but from the locker room to the bench. There's just some people don't fit well into a highly skilled market-based economy. They're perfectly decent citizens. We'll send them off to Afghanistan, but they are not...
  • The Future (As Predicted By Science Fiction)

    08/16/2015 8:10:42 AM PDT · by Perdogg · 35 replies
    Based on speculative fiction, the following visualization analyzes 62 'foretold' future events (social, scientific, technological, or political). Many are catastrophic, but, in the end - good news - in 802,701 the world will still exist and everything will be more or less ok... 62 'foretold' future events
  • Chinese Devaluation Extends To 3rd Day - Yuan Hits 4 Year Low, Japan Escalates Currency Race

    08/12/2015 9:03:30 PM PDT · by tcrlaf · 32 replies
    Zerohedge ^ | 8-12-2015 | Durden
  • US, Turkey To Form Anti-ISIS "Coalition" With Saudi Arabia, Qatar

    08/05/2015 9:34:30 AM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 08/05/2015 | Tyler Durden
    Some observers have noticed something rather peculiar about Turkey’s new bombing campaign against Islamic State positions. The curious thing about the airstrikes on ISIS targets, Ankara’s critics say, is that they aren’t really occurring. Instead, Turkey is aggressively hitting PKK targets and although Turkey made it clear in its appeal for NATO support that it doesn’t discriminate between one "terrorist" group and another, commentators say the air raids have been noticeably one-sided. "Opponents [of] President Tayyip Erdogan [have] pointed out the air strikes against the PKK have so far been heavier than those against the Islamist radicals," Reuters notes.As we’ve...
  • Obama Authorizes "Defensive" Airstrikes Against Assad Regime In Syria

    08/03/2015 7:25:05 AM PDT · by tcrlaf · 13 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
    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:— 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
  • 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 ^ | 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,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 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 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 ^ | 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...