ECB Proposes End To Deposit Protection

"covered deposits and claims under investor compensation schemes should be replaced by limited discretionary exemptions to be granted by the competent authority in order to retain a degree of flexibility."

Who Gets To Push The Nuclear Button?

"For the record, contrary to the erroneous assertions of 'nuclear experts', the president cannot simply order a nuclear attack. .."

Top NSA Whistleblower Claims "Russiagate" A Fake To Increase War-Spending

"If the idiots in the intelligence community expect us to believe them after all the crap they have told us (like WMD’s in Iraq and “no we don’t collect data on millions or hundreds of millions of Americans”) then they need to give clear proof of what they say. So far, they have failed to prove anything."

Big Brother Is Here: Twitter Will Monitor Users Behavior 'Off Platform'

In perhaps the most intrusive move of social media platforms' efforts signal as much virtue as possible and appease their potentially-regulating government overlords, Twitter has announced that it is cracking down on what it defines at hate-speech and not just by looking at its own site.

How A Half-Educated Tech Elite Delivered Us Into This Chaos

"How could such smart people be so stupid? The cynical answer is they knew about the potential dark side all along and didn’t care, because to acknowledge it might have undermined the aforementioned licences to print money."

Is Financial Argmageddon Bullish For Stocks? One Bank's Surprising Answer

""We remain constructive on financial assets not because we believe in a sustainable recovery but rather because we do not believe in one, and thus we do not see any viable alternatives to an ongoing financialization, which needs to be facilitated through excess liquidity, avoiding proper price and risk discovery, and thus avoiding asset price volatilities.

Gresham's Law

... the marginal price setter is “irrationally exuberant”, or dare we say it out loud? “Greedy.”

Lyndon Johnson's Terrible Legacy

"As if ignorance of the consequences of this socialist expansion of domestic control by government was not enough, LBJ expanded the war in Vietnam, promising America both Guns and Butter. Even today we live with this expansion of government domestic programs and seemingly never-ending wars as the modern Welfare/Warfare state."

Bitcoin Soars To Record High Above $8000 After Mugabe Speech

With Bitcoin trading at $13,499 on Golix, the chaotic environment in Zimbabwe has spread to the global price of the cryptocurrency driving it beyond $8000 for the first time in history as President Mugabe fails to resign in a national address following the nation's coup.