• GoldCore
    08/22/2014 - 05:07
    The former powerful mafia boss, turned motivational speaker and author, Michael Franzese, warned on CNBC that stocks are a bubble, Wall Street is crooked and advised people to own physical gold...

Fox News

Tyler Durden's picture

Time Warner Spikes 20% After Rejecting Rupert Murdoch's $80 Billion Takeover Offer





The media giant 21st Century Fox, the empire run by Rupert Murdoch, made an $80 billion takeover bid (around $86.00) in recent weeks for Time Warner Inc. but was rebuffed, people briefed on the matter said on Wednesday. As WSJ reports, The offer was first made orally in June and then with a formal letter in July. Time Warner rejected the offer curtly, after Chief Executive Jeff Bewkes took the proposal to the board. The deal - which valued Time Warner at 12.6x LTM EBITDA - was notably above even recent record high LBO multiples (and would be financed by none other than Goldman). Of course, this deal - should it ever be consummated (as the stock price suggests) would give Murdoch control of both the left and the right propoganda with CNN and Fox.

 
Tyler Durden's picture

Guest Post: Are The 12 Regional Banks Of The Fed Private Entities?





Well, if you take the US Supreme Court and representatives of the Federal Reserve System at their own words, the case is pretty clear: the member banks of the Federal Reserve System are private corporations / banks.

 
Tyler Durden's picture

Hillary Distances Herself From Obama Over Iraq, Iran, Syria, Russia, The IRS And NSA





You name the Obama administration scandal/screw-up and Hillary Clinton is distancing herself from it as she prepares to run in 2016 on a clean slate of 'well, I would have done it better/different'. As Reuters reports, recent interviews on Fox and CNN show her claiming she tried but failed to persuade Obama to arm the rebels fighting Syrian President Bashar al-Assad; that NSA spying was "absolutely uncalled for"; and that "changes need to be made at the IRS" seemingly disagreeing with Obama's claims that it was a "phony scandal." With friends (party colleagues) like this, who needs enemies.

 
Tyler Durden's picture

Fourth Turning Accelerating





"In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” - The Fourth Turning - Strauss & Howe – 1997

 
Tyler Durden's picture

More Facts About The Tea-Party's "Goliath-Slayer" David Brat





  • ECONOMICS AND BUSINESS PROFESSOR WITH DIVINITY DEGREE
  • FAN OF AYN RAND
  • ARGUED RELIGION PLAYS ROLE IN ECONOMIC GROWTH RATES
  • OPPONENT OF IMMIGRATION REFORM
  • FACE-OFF AGAINST FELLOW FACULTY MEMBER
  • WAS CRITICIZED BY CANTOR FOR BEING A LIBERAL
 
Tyler Durden's picture

The Cantor-Slayer: Meet David Brat





The only thing that is more shocking than yesterday's stunning defeat of Republican Eric Cantor at the hand of a completely unknown tea-party candidate, David Brat - an outcome many have called the "biggest blow to the GOP establishment in years" and one which may be reverberating in equities today as "same as it ever was" politics was dealth a major blow - is just how unknown (and underfunded) David Brat is (and was). So for all those curious to learn some more about this Cantor-slaying "David", here it is from the horse's mouth: his CV from Randolph-Macon College in Virginia.

 
George Washington's picture

NSA Spying Is a Power Grab





Two Former Government Officials Tell Us What It's All About ...

 
Tyler Durden's picture

Nerd Prom Summary: Highlights From This Year's Obama Roast





For 364 days of the year, the theater that the press and the administration are on the opposite sides of the table, continues without a glitch. However, one day a year, during the annual White House Correspondents' Association dinner, the facade falls and Obama, together with his fawning press corps, have a night of laughs in an Oscar-inspired night of self-congratularoty excess. Which, just like every other night in Washington, is at the taxpayers' expense. Here are the highlights from last night's festivities.

 
Tyler Durden's picture

18 Stats That Prove That Government Dependence Has Reached Epidemic Levels





Did you know that the number of Americans getting benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million?  In other words, the number of people that are taking money out of the system is far greater than the number of people that are putting money into the system.  And did you know that nearly 70 percent of all of the money that the federal government spends goes toward entitlement and welfare programs?  When it comes to the transfer of wealth, nobody does it on a grander scale than the U.S. government.  Most of what the government does involves taking money from some people and giving it to other people.  In fact, at this point that is the primary function of the federal government.

 
Tyler Durden's picture

Debunking The 'Gutting Of The Military' Storyline





"The war mongers will continue to use propaganda and misinformation to convince you we are in danger if the war budget is cut by 2%. The truth is that we need to cut the military by 50%, stop trying to operate a world empire, and withdrawal our troops from Germany, Japan, and the dozens of other countries around the globe. We need to stop handing billions of dollars we don’t have to Israel, Egypt and dozens of other countries so they can buy arms from our arms dealers. We are the cause of all the war and violence in this world. The job of our military is to protect our borders, not to police the world. Hubris, arrogance, and overreach, financed by central bank created debt, is how empires die."

 
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Russia-Ukraine Agree "Truce" Until March 21st; White House Warns Putin Stop Playing "Russian Roulette"





"President Putin has started a game of Russian roulette and I think the United States and the West have to be very clear in their response," states Sen. Foreign Relations Committed Chair Robert Menendez among a slew of Sunday morning talk-show rhetoric from US politicians with the White House's Dan Pfeiffer adding "President Putin has a choice about what he's going to do here. Is he going to continue to further isolate himself, further hurt his economy, further diminish Russian influence in the world, or is he going to do the right thing?" As the "sham referendum" continues, Reuters, however, reports that Ukraine's acting defense minister believes Russia and Ukraine have agree a truce until March 21st.

 
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