Tag Archives: Tyler Durden

ZeroHedge – Tyler Durden – Libya Warns: Oil Tankers At Closed Ports “Will Be Destroyed” – 9 January 2014

ZeroHedgeArmed groups, demanding autonomy for eastern Libya, have invited foreign companies to buy oil from ports they have seized in defiance of the central government in Tripoli. As Reuters reports, “If a ship docks in one of the closed ports,” warned Libya’s defense ministry, “then we will destroy it,” but the group, led by tribal leader and 2011 civil war hero Ibrahim Jathran, shrugged off Tripoli’s warning, stating “we welcome global oil companies … The oil security guards will guarantee the safety of tankers.” The development adds to an air of chaos as the weak Tripoli government struggles to rein in the armed groups that helped oust Muammar Gaddafi in 2011 but which kept their guns and are now demanding political power and a bigger share of the country’s oil wealth.

Read the whole article at: www.zerohedge.com / link to original article

ZeroHedge – Tyler Durden – The FBI Admits Its Primary Focus Is “Not” Law Enforcement – 8 January 2014

ZeroHedgeSubmitted by Mike Krieger of Liberty Blitzkrieg blog,

Recently, the FBI made a significant change to its self-proclaimed primary focus in its fact sheet from “law enforcement” to “national security.” This change merely confirms what I and countless others have claimed to be true for quite some time. That the entire regulatory, security and intelligence apparatus of these United States has been redirected away from protecting the Constitution and the rule of law, toward a narrow focus on protecting the economic and social positions of the oligarch class at all costs under the guise of a “war on terror.” We have seen many signs of cronyism at the FBI for decades now, something most accurately pointed out in the priceless image “All My Heroes Have FBI Files.” Continue reading

ZeroHedge – Tyler Durden – $500 Billion In 2013 Corporate Buybacks: Half Of QE – 6 January 2014

ZeroHedgeEveryone knows that the Fed, through the bank excess reserves/cash deposit pathway, participated in indirectly purchasing some $1 trillion in risk assets in 2013 through POMO – a process that many have confused with economic recovery. It is also known that corporate stock buybacks have managed to keep S&P500 EPS rising by removing the total number of shares outstanding (and thus lowering the S in EPS in a world where absolute E stubbornly refuses to grow): after all, someone has to keep those activist shareholders happy or else they release unpleasant letters about corporate CEOs.

Read the full article at:www.zerohedge.com/ link to original article

ZeroHedge – Tyler Durden – Jim Rogers Warns “Bernanke Has Set The Stage For The Fed’s Collapse” – 5 January 2014

ZeroHedgeWith Bernanke’s term due to expire in January, Jim Rogers warns Mineweb that the Fed-head will be remembered as “the guy who set the stage for the demise of the Central Bank in America. We’ve had three central banks in America. The first two disappeared. This one’s going to disappear too in the next decade.” With precious metals, bonds, and stock markets obsessing over Fed actions, Rogers says, in the next 10 years or so, “People will realise that these guys have led us down a terrible path,” and collapse is “not a possibility,” he adds, “it’s a probability.”

Via Mineweb,

Read the whole article at:  www.zerohedge.com / link to original article

ZeroHedge – Tyler Durden – “You’re Simply Continuing To Feed The Wolves Of Wall Street” – One Victim’s Open Letter To The Kings Of Hollywood – 28 December 2013

ZeroHedgeFirst posted by Christina McDowell in the LA Times

An Open Letter to the Makers of The Wolf of Wall Street, and the Wolf Himself

I hate to be the bearer of bad news, dear Kings of Hollywood, but you have been conned.

Let me introduce myself. My name is Christina McDowell, formerly Christina Prousalis. I am the daughter of Tom Prousalis, a man the Washington Post described as “just some guy on trial for penny-stock fraud.” (I had to change my name after my father stole my identity and then threatened to steal it again, but I’ll get to that part later.) I was eighteen and a freshman in college when my father and his attorneys forced me to attend his trial at New York City’s federal courthouse so that he “looked good” for the jury — the consummate family man.

Read the whole article at : www.zerohedge.com / link to original article

ZeroHedge – Tyler Durden – Indian Bitcoin Exchanges Halted As Government Shifts Capital Control Attention Away From Gold – 28 December 2013

ZeroHedgeHaving failed miserably in the “control” of capital outflows from the Rupee (via Gold), the India government (following a Reserve Bank Of India advisory) has raided one Bitcoin seller and issued a warning cautioning citizens against acquiring and trading virtual currencies. As VentureBeat reports, the RBI did not outright ban the currencies, but it slammed them as risky and potentially illegal. On Thursday, the “Enforcement Division” raided the premises of Mahim Gupta who provides trading platform through his website – buysellbit.co.in – finding it in clear violation of Foreign Exchange Management Act (FEMA) rules. Whether smuggling gold or utilizing Bitcoin, it seems the government is fighting a losing battle…cue confiscation?

India practically “bans” Bitcoin (via VentureBeat)…
Read the whole article at:

http://www.zerohedge.com / link to original article

ZeroHedge – Tyler Durden – China “Fixes” Liquidity Crisis By Banning Media Use Of Words “Cash Crunch” – 23 December 2013

ZeroHedgeUPDATE: 7-day repo is now up 220bps at 980bps – as the “liquidity crisis” is worse than any other seasonal effect on record…

Link to chart

and to think the media was proclaiming the crisis over just an hour ago as the rate (in green) was sent around the world…

Read the whole article at: www.zerohedge.com / link to original article

ZeroHedge – Tyler Durden – Meet Wall Street: Your New Landlord – 20 December 2013

Blackstone Group appears to be trying to oligopolize the business of renting single-family homes in the U.S.. As Bloomberg reports, after the housing crash left more than 7 million foreclosed homes in its wake, the investment firm has spent more than $7.8 billion purchasing about 41,000 single-family homes for rental conversion. The world’s largest private equity firm has quickly become the largest landlord (of rental homes) in the U.S. and in October, Blackstone offered the first-ever “rental-home-backed” security on Wall Street. One has to wonder if this was the plan all along?

Read the whole article at : www.zerohedge.com / link to original article

ZeroHedge – Tyler Durden – Spanish Debt-To-GDP Surges To New Record High – 14 December 2013

ZeroHedgeThe last 2 years have seen the clearest indication of the health of Spain deteriorate at its fastest rate on record. In spite of constant reassurances from Rajoy et al. that recovery is here, as we noted here, it’s not just unemployment that is dogging Spain; and now – having risen at a stunning 25.8 percentage points in the last 2 years, as Reuters reports, Spain’s debt-to-GDP has hit 93.4% – the highest level in more than a century. Of course, we should not worry… Spain has reassured investors that sees the debt-to-GDP ratio peaking at 101% in 2015 and 2016, then it’s plain-sailing to nirvana.. (and do not contradict them!)

Read the whole story and see charts at: www.zerohedge.com / link to original article