Tag Archives: Zerohedge

ZeroHedge – America Ranks Below Israel In World Happiness Index – 25 April 2015

ZeroHedgeDespite aerial bombardment, growing tensions with every neighbor, and the almost ubiquitous daily car-bombs, Israelis are “happier” than Americans according to Bloomberg’s world happiness index. Happiness, it appears, is most abundant a long way from the equator with Switzerland, Iceland, Denmark, Norway, and Canada all topping the list; whereas the unhappiest nations are all in Saharan or sub-Saharan Africa (apart from war-torn Syria and Afghanistan).

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

ZeroHedge – “Let’s Take Them On!”: Libor E-mails Of Christian Bittar Revealed – 25 April 2015

ZeroHedgeBack in 2012 we introduced readers to Christian Bittar, a former prop trader at Deutsche Bank who profited handsomely by betting on the direction of rates he conspired with others to manipulate (recall that when it comes to betting on the direction of rates, it’s much easier to make winning trades when you collude with colleagues to fix the benchmark). Readers may also recall that via a bit of digging which began with the LinkedIn profile of someone else named Christian Bittar, we were soon tossed down the Lieborgate rabbit hole only to find that on the other end was the secretive world of Swiss hedge funds and private banks.

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

ZeroHedge – More Clinton Cronyism: Selling Uranium Interests To Russia While Hillary Was SecState – 24 April 2015

ZeroHedge – Norway’s Giant Sovereign Wealth Fund Goes Full Tinfoil Fringe Blog – 24 April 2015

ZeroHedgeYou know the world has gone mad when one of the world’s largest pension funds, mired in its need for the maintenance of the status quo, begins to sound like ‘digital dickweeds in their parents’ basements’. Norway’s massive $890 billion wealth fund has stepped out of the shadows to slam global central bankers for affecting “pricing in today’s market to such an extent that monetary policy itself has been a risk you have to watch;” and market structure, criticizing the proliferation of dark pools, “there’s a rent extraction from all these intermediaries… we’re in favor of trying to reduce the number of block-crossing venues,” Schanke said, “one would probably be perfect.”

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

 

ZeroHedge – Greek Bank Will Write Off Up To €20,000 In Debt For “Poverty-Stricken” Borrowers – 24 April 2015

ZeroHedgeOver the past several months, as a result of their lockout from capital markets, Greek banks’ reliance on the ECB’s Emergency Liquidity Assistance has soared, and at last check was somewhere in the mid-€70 billion range.

The conventional wisdom was that the ECB was merely plugging the hole created weekly (and often, daily) as a result of the chronic Greek bank run which has seen tens of billions in deposits withdrawn from Greek banks since Syriza officially took power earlier this year.

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

ZeroHedge – Hillary’s Charities Suffer A “Geithner Moment”, Will Refile 5 Years Of Taxes – 23 April 2015

ZeroHedgeOnce upon a time, when then-NY Fed chief Tim Geithner was angling for a Senate confirmation which would make him Treasury Secretary, things got a bit tense when it was discovered that Geithner failed to pay Medicare and Social Security taxes on the income he earned while working for the IMF from 2001-2004. Basically, Geithner was classified as “self employed” and was thus responsible for making the payments himself but didn’t do so, which led to some $17,000 in unpaid taxes in 2003 and 2004. Geithner had previously paid more than $20,000 in back taxes to make up for missed payments in 2001 and 2002, so one might have thought he would check on 2003 and 2004 as well, but apparently some accountant somewhere screwed up — or so the story goes.

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

ZeroHedge – The Old Models Of Work Are Broken – 23 April 2015

ZeroHedgeSubmitted by Charles Hugh-Smith via OfTwoMinds blog,

The only sustainable way to avoid being commoditized is to learn to create value in ways that cannot be commoditized.

Though we are still in the early stages of web-enabled automation, it’s already evident that the old models of work are broken–though few are willing to admit it.The primary model of work is being an employee in a hierarchy–Corporate America or the state (government) or a government-funded industry (defense, higher education, R&D, Medicare, etc.)

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

ZeroHedge – TPTB Are Trying To Kill Off What’s Left Of America RIGHT NOW – 23 April 2015

ZeroHedgeMost of the America of our fathers has been destroyed.

The little shred of right to life, liberty and the pursuit of happiness is – right now – under massive attack by the powers-that-be.  It’s literally the last stand for America.

These two stories provide details:

www.zerohedge.com / link to original article

ZeroHedge – ECB Prepares To Sacrifice Greek Banks With 50% Collateral Haircut – 22 April 2015

ZeroHedgeIn what seems like a coincidental retaliation for Greece’s pivot to Russia (and following Greece’s initiation of capital controls), the supposedly independent European Central Bank has decided suddenly that – after dishing out €74 billion of emergency liquidity to the Greek National Bank to fund its banks – as The NY Times reports, the value of the collateral that Greek banks post at their own central bank to secure these loans be reduced by as much as 50%, and the haircut scould increase if negotiations with Europe remain at an impasse. As we detailed earlier, this is about as worst-case-scenario for Greece as is ‘diplomatically’ possible currently, and highlights an increasingly hard line by The ECB toward The Greeks as the move will leave banks hard-pressed to survive.

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

ZeroHedge – Why An American And A Russian General Are Suddenly Very Worried About Nuclear War – 22 April 2015

ZeroHedgeOver the past several years, there has been an alarming escalation of two very disturbing trends: an increasing preponderance of cyberattacks on complex infrastructure (whether domestic or abroad and whether instigated by external sources or internally, in a false falg attempt to evolve the issue to the benefit of various military-industrial complex benficiaries) as well as around the globe, and a largely unexpected return to a Cold War footing, one catalyzed by the violent US-sponsored overthrow of the former Kiev government and the eagerness to escalate the resultant conflict exhibited by the Kremlin.

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