ETC

First "Shocking" Deposition In Clinton Email Case Reveals She Did Not Use A Password

According to Lewis Lukens, a veteran 27-year foreign service officer at the State Department who served as the deputy executive secretary  Clinton did not use a password to protect her stand-alone computer from unwanted intruders such as hackers. During the deposition, Lukens volunteered that the stand-alone computer adjacent to her suite did not have a password for protection  “She wouldn’t have had a password.” Bekesha asked, astonished, “So the computer would have just been open and be able  to use without going through any security features?” “Correct,” Lukens replied.

BTFVIX?

With Goldman suggesting VIX should be in the upper teens based on 'fundamentals' and event risks galore on the horizon (FOMC, Brexit, Spain elections, US elections, etc.) Geneva Swiss Bank suggests it is time to BTFVIX...

Here's Why All Pension Funds Are Doomed, Doomed, Doomed

It's looking increasingly likely that third time's the charm: this set of bubbles is the last one central banks can blow. And when markets free-fall and don't reflate into new bubbles, pension funds will expire, as they were fated to do the day central banks chose zero interest rates forever as their cure for a broken economic model.

EconMatters's picture

If you are going to offer a product or service, basic competency is a must, especially as an investment vehicle as it is hard enough to just get the direction right of an asset, an investor doesn`t need the additional stress of having the investment instrument itself being flawed.

The Anger Of The Unprivileged Is Rising Globally

Interestingly, privilege serves the same purpose--benefiting the few at the expense of the many--regardless of the system's ideological labels. Socialist, Communist and free-market elites loot their populaces and national wealth with equal gusto. Those who came to do good and stayed to do well first accumulate privileges, which they then leverage into wealth and power.

The War On Cash Is A War On Your Freedom To Opt Out

Cash is a proxy for the freedom to maintain some privacy in an era of Big Brother repression, surveillance and the suppression of dissent. Ultimately, the war on cash is all about increasing control by eliminating privacy and the freedom to abandon the debt-serf rat-race.

The Case For Brexit

"I don’t see Brexit as a panacea, but merely the chance to manage one’s own affairs and to conduct one’s own debates over what should or should not be done by the state in one’s name...In Britain’s case, the change would inevitably give rise to economic winners and losers and it may easily be imagined to involve some additional, net short-term expense of time and effort as the country moves to adapt. But to pretend, for example, that Europe will maliciously shut out UK exports or discourage the tourists and holiday-homers from visiting in their droves and so risk a devastating retaliation from its biggest source of external income is worse than a joke."

We're In The Eye Of A Global Financial Hurricane

The global financial system is in the eye of an unprecedented hurricane. While central bankers are congratulating themselves on their god-like mastery of Nature, and secretly praying to the idols of the Keynesian Cargo Cult every night, the inevitable consequence of borrowing from the future, the obsession with "growth" at any cost and financialization /monetary stimulus, a.k.a. the rich get richer thanks to central banks is systemic collapse.

The Biggest Bubbles: China vs. The U.S.

There is perhaps no other area where the tunnel-vision, hypocrisy, and corruption of the U.S. media is more visible than with respect to its nearly incessant China-bashing. Previous commentaries have exposed such vacuous drivel again and again and again. Admittedly, the numbers involved should give any sober individual cause for concern. They are an obvious symptom of the global phenomenon of worthless, paper currencies being used to pump-up, manipulate, and destabilize our markets – to a degree never before seen in the history of our species. However, singling out China’s markets as being “prone to bubbles” represents hypocritical blindness on the part of the U.S. media which is too absurd to be accidental.

Sprott Money's picture

Once again the Chicken Littles of the U.S. mainstream media are “warning us” that the sky could fall, because of “bubbles in China”. Somehow, all of the U.S.’s gigantic/precarious bubbles are completely invisible to these Chicken Littles. Whose bubbles are bigger? Whose bubbles are worse? The answer could not be more obvious.

First Italy, Now Greek Banks Being Investigated For 'Funding' Politicians, Media

With Trump going after billionaire-funded media in America, and Italy facing probes over its banking-system-controlled media, it is perhaps no surprise that yet another generally corrupt nation - Greece - is facing a parliamentary committee investigation into spuriously large 'bank loans' and highly-concentrated advertising spend made to various political parties and media groups in 2015. Probably just a coincidence that all the media that received the large amounts of advertisement were also pro Bailout- and Austerity-supporters ever since 2010.