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Keyword: zerohedge

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  • 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...
  • US Homeownership Rate Drops To 1983 Levels: Here's Why

    10/28/2014 9:32:40 AM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 10/28/2014 | Tyler Durden
    The last time US homeownership declined down to 64.4% (which the Census Bureau just reported is what US homeownership declined to from 64.7% in Q2), was back in the fourth quarter of 1983. It goes without saying that this is about the bearishest news possible for those few who still believe in the American homewonership dream. Of course, those who have been following real-time rental market trends would be all too aware there is no rebound coming to the homeownership rate. The reason is simple: increasingly fewer can afford to buy, instead having no choice but to rent, which...
  • Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, "Buy Gold"

    10/29/2014 11:47:09 AM PDT · by Rusty0604 · 17 replies
    Zerohedge ^ | 10/29/2014 | Tyler Durden
    It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed's bond-buying program fell short of its goals, and had a lot more to add. Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases. He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and...
  • 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...
  • 60 People Locked in Building After 4 Suspected Ebola Cases (translated title)

    10/09/2014 10:57:35 AM PDT · by Vermont Lt · 10 replies
    Zero hedge ^ | 10/9/2014 | Tyler Durden
    Following news of the death of a British man in Macedonia from Ebola, RTL reports that 60 people are locked inside a Department of Medical and Social Coordination (DASS) building in Cergy-Pontoise (on the northeast edge of Paris) following Ebola-like symptoms in 4 people.
  • 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,...
  • "Moderate" Syrian Rebels Sign Non-Aggression Pact With ISIS; Iraq Defies US

    09/14/2014 10:14:01 AM PDT · by Enlightened1 · 15 replies
    Zero Hedge ^ | 9/13/14 | Tyler Durden
    First, Germany and UK (and Australia) - the USA' broad coalition of allies to strike ISIS - will not support airstrikes on ISIS in Syria. Second, Turkey - the USA's closest ally in NATO among the Middle East - denies them its airbases for use as launch sites of airstrikes and will not support airstrikes in Syria (after John Kerry visits) Third, Iraq's newly-installed US-friendly PM al-Abadi defies the US and halts airstrikes on ISIS-held civilian areas (leaving it up to the US to be the bad guys against his people once again), and Finally, The USA's proxy boots-on-the-ground -...
  • George Soros Warns "This Is The Worst Possible Time" For Scottish Independence

    09/11/2014 10:54:58 AM PDT · by Enlightened1 · 50 replies
    Zero Hedge ^ | 09/11/14 | Tyler Durden
    This is the worst possible time for Britain to consider leaving the EU – or for Scotland to break with Britain.
  • CNBC Viewership Plunges To 21 Year Lows

    09/06/2014 6:43:07 PM PDT · by Lorianne · 49 replies
    Zero Hedge ^ | 05 September 2014 | Tyler Durden
    It's over: whether due to the complete domination of centrally-planned markets by a few central banks, whether as a result of HFTs forcing out all human traders and investors, whether due to volatility plunging to record lows and complacency at record highs, whether viewers simply aren't impressed by the new young, female faces that are increasingly taking over the primetime financial TV slots, because people are tired of Cramer's endless "caffeine" high and endless attempts to justify a record disconnect between manipulated record high "markets" and a stagnant economy in which some 53 million workers are "freelancers", or simply because...
  • Scathing Anti-West Editorial in German Handelsblatt; Reader Emails on "Small Price to Pay"

    08/10/2014 9:44:13 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | August 10, 2014 | Mike Shedlock
    Yesterday, a reader told me about a must-read article in the German financial newspaper Handelsblatt. Having no details other than it was a"must read" I failed to locate the article after attempting translations of the Handelsblatt home page. Zero Hedge did find the article, entitled "West on the Wrong Path". It turns out, there is a version of the editorial in German, English, and Russian. Citing parallels to WWI, author Gabor Steingart, publisher of Handelsblatt, Germany’s leading financial newspaper, blasts the Western response (especially US and German) response to the situation in Ukraine. "Small Price to Pay" vs. "West on...
  • De-Dollarization Accelerates - China/Russia Complete Currency Swap Agreement

    08/09/2014 5:24:13 PM PDT · by SkyPilot · 28 replies
    Zero Hedge ^ | 9 Aug 14 | Tyler Durden
    The last 3 months have seen Russia's "de-dollarization" plans accelerate. First Gazprom clients shift to Euros and Renminbi, then the UK signs currency swap agreements with China, then NATO ally Turkey cuts ties and mulls de-dollarization, Switzerland jumps in the currency swap agreements, and BRICS create their own non-US-based funding vehicle, and then finally this week, Russia's oligarchs have shifted cash holdings to Hong Kong. But this week, as RT reports, Russian and Chinese central banks have agreed a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US...
  • The Drought Goes From Bad To Catastrophic

    08/02/2014 5:50:31 AM PDT · by blam · 65 replies
    Zero Hedge ^ | 8-2-2014 | Tyler Durden
    Tyler Durden 08/01/2014 As we previously commented, when scientists start using phrases such as "the worst drought" and "as bad as you can imagine" to describe what is going on in the western half of the country, you know that things are bad. However, in recent weeks the dreadful situation in California has gone from bad to catastrophic as the U.S. Drought Monitor reported that more than half of the state is now in experiencing 'exceptional' drought, the most severe category available. And most of the state – 81% – currently has one of the two most intense levels of...
  • Social Media Is Making People Dumber, Fears Elliott's Paul Singer

    07/30/2014 6:10:31 PM PDT · by BlopAndStop · 15 replies
    Zero Hedge ^ | July 30 2014 | Tyler Durden
    PROGRESS? Some technology represents unquestioned progress, despite causing real challenges to the employment prospects of citizens who are made redundant. For example, recent advances in science and medicine have merely scratched the surface in terms of enhancing our ability to find cures for diseases in an increasingly focused way at sharply diminished cost. Also, the technology of moving people and goods in vehicles and organizing their movement on roads contains tremendous opportunities for cost and energy efficiencies, as do the areas of resource extraction, the development of alternative energy and the efficiency of food production. These are just a few...
  • Recovery Of MH17 Black Box Caught On Tape: Separatists To Hand Over To International Delegation

    07/20/2014 11:19:38 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 07/20/2014 | Tyler Durden
    With the rabbit hole of conspiracies getting deeper by the hour, video has emerged showing what appears to be the "black box" flight data recorder from Malaysia Airlines Flight MH17 being taken from the crash scene. As NBC reports, the men in the video are wearing Ukrainian Emergency Ministry uniforms, but a senior Ukrainian official told a news conference Sunday that rebels had taken the black boxes. This fits with reports from The Hill that pro-Russian separatists have located the black boxes for the downed Malaysia Airlines passenger jet and will hand them over to international authorities, according to...
  • The BRICs Are Morphing Into An Anti-Dollar Alliance (Obama/Putin working together to kill US dollar)

    07/03/2014 5:04:47 PM PDT · by free_life · 8 replies
    http://www.zerohedge.com ^ | 07/02/2014 | Tyler Durden
    Sergey Glaziev the head of the Russian central bank in her discussion with Vladimir Putin, unveiled an elegant technical solution for this problem and left a clear hint regarding the members of the anti-dollar alliance that is being created by the efforts of Moscow and Beijing. On June 10th, Sergey Glaziev, Putin's economy advisor published an article outlining the need to establish an international alliance of countries willing to get rid of the dollar in international trade and refrain from using dollars in their currency reserves. The ultimate goal would be to break the Washington's money printing machine that is...
  • Israel Deploys 3 Nuclear-Armed Subs Off Iran Coast; Iran Warns Of Forceful Response To "Evil Acts"

    06/28/2014 9:39:28 AM PDT · by Renfield · 25 replies
    Zero Hedge ^ | 5-31-2014 | Tyler Durden
    With tear-gas flying in the streets of Turkey, Ukraine's civil-war raging in the south and east, US drones based in Japan to oversee the South China Sea, and Europe's extremist parties gaining significant traction, today we get one more piece of considerably worrisome geopolitical news that global stock markets must ignore. The Sunday Times reports that Israel is to deploy three submarines equipped with nuclear cruise missiles in the Persian Gulf that are meant to act as a deterrent, gather intelligence and potentially to land Mossad agents. Iran is not happy, warning that "anyone who wishes to do an evil...
  • The Madness Of Crowds And The Great Insanity (the coming economic collapse)

    06/08/2014 6:42:22 PM PDT · by Perseverando · 139 replies
    Zerohedge ^ | June 8, 2014 | Ty Andros
    Never in my 30+ year career as a market observer have I seen so many out on a limb which is about to be SAWED OFF. Those who live within the matrix are fully loaded for a recovery which is not and will not appear. Nominally the Main stream media can proclaim ECONOMIC recovery has arrived, point to the rising developed world stock markets, seemingly benign bond markets of all categories: sovereign, investment grade and Junk, Private equity, corporate buy backs and more have priced in “Happy Days are here again”. HFT, unrestrained leverage in a financially repressed world and...
  • Russia Reignites The Proxy War: Putin Offers "Complete Support" To Iraq PM Scorned By Obama

    06/21/2014 7:50:30 PM PDT · by FR_addict · 34 replies
    www.zerohedge.com ^ | 06/20/2014 | Tyler Durden
    Two days ago, before it was formalized that the US tacitly, if not explicitly, now supports the removal of the Iraqi Prime Minister whom it itself had helped elect, we summarized the geopolitical tensions and "national interests" in Iraq, which is shaping up to be a proxy war that makes last year's Syrian escapade pale by comparison, as follows: ...
  • Author Says Earthquakes Are Predictable

    05/31/2014 2:35:57 PM PDT · by BenLurkin · 36 replies
    cbs ^ | May 29, 2014 12:19 PM | Andrew Limberg
    Nabhan is a former teacher in California and now lives in Pittsburgh. He became interested in earthquakes while he was the earthquake preparedness coordinator for the school he worked at. He says he noticed every earthquake happened at dusk or dawn. “I realized this sort of conscience doesn’t happen in science. These dawn and dusk quakes during new and full moons are the paradigm on the west coast,” he said. “All six great quakes that have struck in Los Angeles that have killed people since the 30s, all of them, dawn or dusk [quakes]. How can earthquakes be predicted? Nabhan...
  • Consider the Source. Lots of Unsold Cars Are Normal.

    05/19/2014 7:13:34 PM PDT · by jjotto · 3 replies
    The Truth About Cars ^ | May 18, 2014 | Ronnie Schreiber
    There’s a post at the Zero Hedge finance site that’s getting some attention. It’s really a repost from this site, and it includes a number of aerial and satellite photos of thousands of new automobiles that the author says are sitting on storage lots, unsold. The author claims that automobile manufacturers are continuing to churn out thousands, perhaps hundreds of thousands of cars that will likely never ever sell. He warns that those cars that do sell will suffer mechanical issues from having sat for so long. He claims that those cars that don’t sell are recycled and that it’s...
  • Over 3000 Chinese Evacuated (By Boat & Plane) As Vietnam's Anti-China Riots Escalate

    05/18/2014 4:13:52 PM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 05/18/2014 | Tyler Durden
    China began evacuating hundreds of its nationals from Vietnam (via at least 2 planes and 5 ships) as the anti-China protests have become increasingly deadly following Beijing's attempt to deploy an oil drill in Vietnamese dispuited waters (detailed here, here, here, and here)... *CHINA SENDING 5 SHIPS TO VIETNAM TO EVACUATE CHINESE: XINHUA*HUNDREDS OF VIETNAMESE SECURITY IN CENTRAL HO CHI MINH CITY*VIETNAM PRIME MINISTER ISSUES DIRECTIVE TO PREVENT PROTESTS*VIETNAM GOVT TAKES ACTION TO PREVENT RIOTS: BINH Hundreds of police and security forces are in central Ho Chi Minh city and the Chinese consulate is under heavy guard. Tensions across...
  • This Means War: US To Target Putin's Personal $40 Billion Stash

    04/20/2014 3:37:14 PM PDT · by Nachum · 38 replies
    zero hedge ^ | 4/20/14 | tyler durnded
    While the White House has continually threatened further sanctions against Russia for non-de-escalation (even as it un-de-escalates itself), the specifics of the additional sanctions have been sparse. German CEO warnings over blowback from economic sanctions... the "nonsense" of replacing Russian gas with US gas... the Russian warnings of "interdependence" and "boomerangs"... all reduce the West's arsenal of financial sanctions. But, as The Times of London reports, perhaps the US has found a crucial pain point for Putin - a sanctions regime that would target Putin's personal wealth, which includes a reported $40 billion stashed in Swiss bank accounts. As The...
  • The Next Shoe Just Dropped: Court Denies Attorney-Client Privilege

    04/20/2014 12:03:46 AM PDT · by Nachum · 24 replies
    zero hedge ^ | 4/20/14 | Tyler Durden
    Submitted by Simon Black via Sovereign Man blog, In the Land of the Free, people grow up hearing a lot of things about their freedom. You're told that you live in the freest country on the planet. You're told that other nations 'hate you' for your freedom. And you're told that you have the most open and fair justice system in the world. This justice system is supposedly founded on bedrock principles-- things like a defendant being presumed innocent until proven guilty. The right to due process and an impartial hearing. The right to counsel and attorney-client privilege. Yet each...
  • Krugman, Who Is Paid $25,000/Month To Study Inequality, Says "Nobody Wants Us To Become Cuba"

    04/17/2014 7:25:33 PM PDT · by Nachum · 10 replies
    zero hedge ^ | 4/17/14 | Tyler Durden
    When it comes to Krugman's views on any particular topic, he may be right and he may be wrong, but whatever his opinion he always has a much to say about it (even if the factual backing is of secondary importance or outright missing). Today, his chosen topic is inequality, and in an interview with Bloomberg's Tom Keene, shown and transcribed below, he certainly says much, encapsulated perhaps by the following gem: "There's zero evidence that the kind of extreme inequality that we have is good for economic growth. In fact, there's a lot of evidence that it is actually...