Tyler Durden's picture

This Is How ISIS Is Building An Airforce

The Islamic State is nothing if not ambitious. Despite no record of current 'airplane' assets in their annual reports, ISIS has begun detaining and forcing Syrian pilots to train militant fighters to fly stolen aircraft. According to CNN Arabic, the pilots (and their planes and helicopters) were abducted when the terrorist group gained control of Tabqa military base. It appears that if beheadings, executions, and whippings are not enough to strike fear into the hearts of the locals, then (just as America is tryiung to do), an air assault will greatly demoralize. We can only imagine how this changes Obama's strategy (and just where are all the rest of Syria and Iraq's airplanes stored?)



Tyler Durden's picture

It's Settled: Central Banks Trade S&P500 Futures



Tyler Durden's picture

Corporations Join Droves Renouncing US Citizenship

Don’t be surprised to lose if you don’t make an effort at being competitive. And if you go out of your way to make yourself less competitive, expect to lose. If that sounds like simple common sense, that’s because it is. But it’s also exactly what the US has been doing for years...



Tyler Durden's picture

A Rare Glimpse Inside The NY Fed's Favorite 'Quote-Stuffing' Hedge Fund: Citadel

As regular readers are well aware, when it comes to "more than arms length" equity market intervention in New Normal markets, the New York Fed's preferred "intermediary" of choice to, how should one say, boost investor sentiment aka "protect from a plunge", is none other than Chicago HFT powerhouse, Citadel. Recently we discovered that the true culprit behind the May 2010 Flash Crash was not Waddell & Reed, but quote stuffing. The most recent revelation for Citadel is that quote stuffing is not just some byproduct of some "innocuous" HFT strategy, as none other than the Nasdaq has now stated on the record, that the most leveraged hedge fund (at 9x regulatory to net assets), and the third largest after Bridgewater and Millennium, used quote stuffing as a "trading strategy." The following 2 clips give a sense of what goes on from day to day inside the firm that trades more volume than the NYSE every day...



Tyler Durden's picture

Recovery? 3 "Uncomfortable Truth" Charts

Presented with little comment aside to suggest one scratch beneath the thinning veneer of record nominal stock prices every once in a while to take the temperature of the ugly reality that no one is talking about...



Tyler Durden's picture

French President Says "There Is Risk Of War" As Europe Plans Additional Russia Sanctions

Confirming Europe's realization just how serious events are, and how far down the rabbit hole Europe's bureaucrats have gone, French President Francois Hollande, while stressing that a failure by Russia to reverse a flow of weapons and troops into eastern Ukraine would force the bloc to impose new economic measures i.e., nothing new, it is what he said just after that indicated a dramatic change in rhetoric: "Are we going to let the situation worsen, until it leads to war?" Hollande said at a news conference. "Because that's the risk today. There is no time to waste."



Tyler Durden's picture

US Foreign Policy Then & Now (In 1 Cartoon)

What a difference a year makes...



Tyler Durden's picture

Taupe: It’s Not Just For The Oval Office Anymore

Words matter, the way they are said can matter even more, yet what is just as important is the posture, and yes – that can include even your choice of attire. Agree or not with the policies, but the decision for that suit in our opinion was anything but a faux pas, it was intentional... It was sending a visual cue to all that we are not fiercely red, white, and blue. We are taupe.



Tyler Durden's picture

20,000 Pakistan Riot Police Unleash Tear Gas, Rubber Bullets As Protesters Breach PM's Residence, 230 Injured

UPDATE: *POLICE, PROTESTERS CLASH IN ISLAMABAD; AT LEAST 230 HURT: AFP

Against the background we initialliy explained here, and the escalation we discussed here, Imran Khan's "Pakistan Spring" has grown dramatically. The former cricketing-legend and erstwhile opposition leader's call for people to take to the streets to demand new 'unrigged' elections has 1000s of protesters breaching the Prime Minister's residence in Islamabad. Along with anti-government cleric Tahirul Qadri, Khan urged peaceful protest but, as AP reports, an estimated 20,000 police in riot gear are blocking the procession using tear gas and rubber bullets. Local hospitals report at least 100 injuries.



Tyler Durden's picture

Is There Capitalism After Cronyism?

The more the Status Quo pursues the same old Keynesian Cargo Cult script of central planning and free money for financiers, the more self-liquidating the system becomes.



Tyler Durden's picture

The Economics Of Perpetual War

Every way they turn, states face recurring economic problems and the need to distract or suppress the victims of exploitation; war making serves the dual purpose of (a) disguising fundamental social conflicts by refocusing attention and/or blame, and (b) providing economic gains to the state and its allies. Art of War actually states that “no country has ever profited from protracted warfare,” and cautions generals to “fight under Heaven with the paramount aim of ‘preservation.’” Yet as far back as we have historical records, these sorts of ideas have fallen on deaf ears among governments and military organizations alike.



Tyler Durden's picture

The Time Is Ripe For A False-Flag Attack On American Soil

"Government engineered false-flag terrorism is a historically established fact. With all this hype circling ISIS, I have to suggest that maybe, just maybe, we are being given the ultimate scapegoat for the ultimate false flag attack. I believe the time is in fact ripe for a large scale false-flag on American soil."

The goal will be to terrify you and those around you into seeking out a more powerful, more centralized government authority to protect your security, to provide cover for the continued planned collapse of American society into third world status, and out of these ashes, the centralization of the political and financial foundations of our world into the hands of an elite few.



Tyler Durden's picture

Ebola Outbreak Spreads To 6th African Nation: 20 Cases In Senegal

Despite border closures, flight bans, cordoning off the sick (and healthy), and rubber (and live) bullets and tear gas on 'protesters'; the world's worst outbreak of Ebola just keeps spreading, now to a sixth African nation. Just day after Congo (5th nation) reported cases of Ebola, as The BBC reports, Senegal's health minister confirmed the first case of Ebola in his nation yesterday and Bloomberg confirms 20 more people are "under surveillance." Meanwhile, in Guinea a Red Cross official said riots had broken out in the nation's 2nd largest city over rumors that health workers had infected people with the virus; and Nigerians are protesting plans to build isolation units in some local clinics. "contained"



Tyler Durden's picture

If Consumers Are So Confident, Then Why Aren't They Spending?

The sheep have been told their confidence is at a 7 year high by the propaganda peddlers working at the behest of the oligarchy. The sheep are also told that 10 million jobs have been added since the GOTUS played his first round back in 2009. The sheep have been told the record highs in the stock market prove that all is well. If the .1% are doing fantastic, some of the wealth must be trickling down. The sheep are told that QE and ZIRP were really to save Main Street and not the bonuses of Wall Street (at record highs by the way). The sheep are told to fear ISIS, Iran, Assad, Putin, and China. The sheep are told U.S. energy independence is just around the corner and to ignore the fact that gas prices have tripled since in the last ten years. The sheep are told drones will keep them safe and the DHS militarizing the police is just for their safety and security. The sheep are told guns are dangerous in their hands, but not in the hands of the government. The sheep passively eat their iGadgets and barely bleat while being led to the slaughter house.



Tyler Durden's picture

Kick Russia Out Of SWIFT, UK Demands

UK Prime Minister David Cameron came out swinging this morning; not only at ISIS but in calling for European leaders to block Russia from the SWIFT banking transaction system. European leaders have already (via unnamed sources) denied any actual new sanctions will take place (though they will be discussing them at the NATO Summit) but - as we have noted previously - this is yet another unintended consequence-driven nail in the coffin of USD hegemony...



Do NOT follow this link or you will be banned from the site!