http://www.zerohedge.com/fullrss2.xml/sites/default/files/images/user5/imageroot/2011/10/Food en Tucker Carlson Takes on DNC Advisor Who Doesn't Know How to Identify a Gender http://www.zerohedge.com/news/2017-02-23/tucker-carlson-takes-dnc-advisor-who-doesnt-know-how-identify-gender <p>So why does 'the party of science', the enlightened ones, the people with thousands of scientists from accredited colleges throughout the country who tell us about dangers of global warming, carbon emissions, and how many vegetables to eat on a daily basis -- cling to the inane subject of 'gender identity'? You'd think that these men of letters would eschew rudimentary 'feelings' and only accept the biology of one's gender when determining which bathroom he/she could use. But this isn't about science, in spite of what they tell you. </p> <p>Thousands of years ago, when the Romans would conquer territories that were hostile, they'd enter villages and take the men as slaves and order the women to raise her children loyal to the Roman standard. To make an example, often times they'd kill one of her children, so she knew they meant business. After a generation of destroying families, these territories were docile and soft -- loyal to the Roman power structure.</p> <p>Today we have a corrupt establishment on its last legs, fighting desperately to keep its citizens in line. After decades of permitting drugs to ravage through minority communities, passing harsh drug laws designed to break up and destroy the black family structure, the nuclear black family is on its last legs. In 1965, just before the onset of the drug epidemic, 76.4% of black children were born into married households. Today, 77% of first black births are born into pre-marital households. </p> <p>So what the fuck happened? </p> <p>The men were carted off to jail, while the women were left tending to her children, as wards of the state.</p> <p>Sound familiar?</p> <p>Now the target is everyone else. While oxycontin and meth have done a number on white neighborhoods throughout the country, it wasn't working fast enough to truly break the family structure -- especially in well-heeled families. </p> <p>Enter the gender identity crisis. What better way to disrupt the family structure and create a generation of mentally challenged morons than to have them question the very essence of life and purpose: identity and procreation? Schools are pushing this hard on children, creating safe zones and sexualizing institutions that were never designed to do that. In other words, the state is attempting to take control of your children's' minds by blurring the lines of gender, confusing them and galvanizing a generation of potential social justice warriors who will fight the good fight for 'human rights', aka become WARDS OF THE STATE.</p> <p>Rant over.</p> <p>Here is Tucker Carlson, proving, once and for all, the DNC is run by complete morons, unable to answer a simple question: what makes a person a man?</p> <p><iframe src="https://www.youtube.com/embed/eTDL_tGAWt4" width="560" height="315" frameborder="0"></iframe></p> <p>The correct answer should've been, 'your balls.'</p> <p><strong>Content originally generated at <a href="https://ibankcoin.com/">iBankCoin.com</a></strong></p> http://www.zerohedge.com/news/2017-02-23/tucker-carlson-takes-dnc-advisor-who-doesnt-know-how-identify-gender#comments Biology Carbon Emissions Gender Gender identity Gender studies Global Warming Identity Passing Self Social constructionism Social Issues Sociology of gender Transgender Fri, 24 Feb 2017 04:36:24 +0000 The_Real_Fly 588877 at http://www.zerohedge.com In A Battle Between Trump And The Federal Reserve, Who Really Wins? http://www.zerohedge.com/news/2017-02-23/battle-between-trump-and-federal-reserve-who-really-wins <p><a href="http://www.alt-market.com/articles/3134-in-a-battle-between-trump-and-the-federal-reserve-who-really-wins"><em>Submitted by Brandon Smith via Alt-Market.com,</em></a></p> <p><em><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_alt.jpg"><img height="287" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_alt.jpg" width="478" /></a></em></p> <p>As a part of the increasingly obvious set-up of conservative movements by international banking interests and globalist think-tanks, I have noticed an expanding disinformation campaign which appears to be designed to wash the Federal Reserve of culpability for the crash of 2008 that has continued to fester to this day despite the many claims of economic &ldquo;recovery.&rdquo;&nbsp; <strong><em>I believe this program is meant to set the stage for a coming conflict between the Trump Administration and the Fed, but what would be the ultimate consequences of such an event?</em></strong></p> <p>In my article <a href="http://www.alt-market.com/articles/3102-the-false-economic-recovery-narrative-will-die-in-2017">&#39;The False Economic Recovery Narrative Will Die In 2017&#39;</a>, I outlined the propaganda trap being established by globalist owned and operated media outlets like Bloomberg, in which they consistently claim that Donald Trump has &ldquo;<a href="https://www.bloomberg.com/news/articles/2016-12-29/what-history-has-to-say-about-the-economy-trump-will-inherit" target="_blank">inherited</a>&rdquo; an economy in recovery and ascendancy from the Obama administration.&nbsp; I thoroughly debunked their positions and &ldquo;evidence&rdquo; by showing how each of their fundamental indicators has actually been in steady decline since 2008, even in the face of massive monetary intervention and fiat printing by the Fed.</p> <p>My greatest concern leading up to the 2016 election was that Trump would be allowed to win because he represents the perfect scapegoat for an economic crisis that central banks have been brewing for years. Whether or not Trump is aware of this plan cannot yet be proven, but as I have mentioned in the past, his cabinet of Goldman Sachs alumni and neo-con veterans hardly gives me confidence.&nbsp; In the best case scenario, Trump is surrounded by enemies; in the worst case scenario, he is surrounded by friends.</p> <p>Trump&rsquo;s loyalties, though, are a secondary issue for now.&nbsp; The primary focus of this article is to discern whether or not a battle between Trump and the Fed will result in a net positive or a net negative for the public.&nbsp; My position is that any action against the Fed should have happened years ago, and that today, the Fed is nothing more than a sacrificial appendage of a greater globalist agenda.&nbsp; Meaning, conservative groups should be aware that a victory over the Fed is not actually a victory over the globalists.&nbsp; In fact, the globalists may very well WANT a war between the Fed and the White House at this time.</p> <p><strong>First, some facts need to be established to counter the propaganda claims that the Fed is some kind of&nbsp; innocent victim of a rampaging President Trump or &ldquo;misguided&rdquo; conservative rhetoric.</strong></p> <p><span style="text-decoration: underline;"><strong>The Scapegoat Setup Continues</strong></span></p> <p>The latest extension of the Fed&rsquo;s propaganda has been initiated, of course, by the mainstream media and liberals in general; you know, the same people that were applauding the (in some cases misguided) efforts of the Occupy Wall Street movement.&nbsp; With Trump&rsquo;s negation of the Dodd-Frank Act, the media has been looking for any opportunity to assert that Trump is either acting to enrich his corporate friends or that he is an idiot man-child when it comes to matters of business and economics.</p> <p>This led to some sniping by Elizabeth Warren and <span class="example">Federal Reserve Board Chair Janet Yellen</span>&lsquo;s testimony before congress last week.&nbsp; The argument?&nbsp; That Trump was wrong or &ldquo;lying&rdquo; when he said that Dodd-Frank had frozen loans from major banks.&nbsp; You can see the glee in media outlets over the stab; <a href="http://www.vanityfair.com/news/2017/02/janet-yellen-just-fact-shamed-donald-trump" target="_blank">a recent article</a> by Vanity Fair, which seemed to focus more on snide ankle biting of Trump than concrete evidence, is a perfect example.</p> <p>Now, in Trump&rsquo;s defense (or at least, in defense of his position), Yellen is actually the one lying, here.&nbsp; While it is true that commercial lending has expanded, her claim that small business loans have improved is simply false.&nbsp; Even <a href="https://www.bloomberg.com/view/articles/2017-02-03/one-way-for-trump-to-help-small-business"> Bloomberg begrudgingly acknowledges</a> that small business loans have fallen by at least 6% since the passage of Dodd-Frank.&nbsp; In Obama&rsquo;s favorite liberal home-base, Chicago, loans to small neighborhood businesses <a href="http://www.chicagotribune.com/business/columnists/ct-small-business-loans-robert-reed-0205-biz-20170202-column.html">declined by 49%</a> between 2008 and 2014.</p> <p>In 2015, Yellen herself argued that small business loans were in decline because small business owners &ldquo;<a href="http://www.cnbc.com/2015/02/26/small-biz-lending-tktkt-.html" target="_blank">don&rsquo;t want loans anymore.</a>&rdquo;&nbsp;&nbsp; This is a bit like the Bureau of Labor Statistics arguing that over 95 million unemployed working age Americans should not be counted as unemployed in their stats because they really &ldquo;don&rsquo;t want a job.&rdquo;&nbsp; It is an attempt to muddy the waters on the greater issue, which is that the U.S. economy is in considerable danger.</p> <p>You see, I don&rsquo;t think Trump was debating that major corporations and banks were not receiving ample loans, I think he was primarily pointing out the disparity in small business loans and personal loans.&nbsp; Yellen and the mainstream media attempted to use one data point &mdash; commercial loans, to dismiss the entire debate over loan stagnation.</p> <p><u><strong>The Fed Is Culpable For Our Bubble Economy And Trying To Shift Blame Before A Collapse</strong></u></p> <p>The fact is, we all KNOW that major corporations and banks have been flooded with ample loans, and much of this capital was conjured out of thin air by the Fed itself through fiat creation and near zero interest rates.&nbsp; We know this because of the <a href="http://www.reuters.com/article/us-usa-fed-buybacks-analysis-idUSKCN0RN0D320150923" target="_blank">$16 trillion in loans</a> made to companies around the world exposed by the revealing (but limited) TARP audit.&nbsp; We also know this because much of these loans have been used to inflate the stock market bubble for the past few years through <a href="http://blogs.marketwatch.com/thetell/2013/12/18/feds-low-rates-may-be-juicing-stock-buybacks-at-the-expense-of-jobs/" target="_blank">endless stock buybacks</a> that most companies never would have been able to afford otherwise. We also know that the mainstream investment world is aware of the importance of these loans because they started to panic as the Fed announced its ongoing program of interest rate hikes.</p> <p>Beyond that, we know that the Fed&rsquo;s low interest loans and culture of circular inbred lending between corporations and banks have been instrumental in keeping stocks hyperinflated, because Fed officials have<em> </em>OPENLY ADMITTED that this is the case.&nbsp; As Richard Fisher of the Dallas Fed stated in an <a href="http://video.cnbc.com/gallery/?video=3000474362" target="_blank">interview with CNBC</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&ldquo;What the Fed did &mdash; and I was part of that group &mdash; is we front-loaded a tremendous market rally, starting in 2009.It&rsquo;s sort of what I call the &ldquo;reverse Whimpy factor&rdquo; &mdash; give me two hamburgers today for one tomorrow. I&rsquo;m not surprised that almost every index you can look at &hellip; was down significantly.&rdquo; [Referring to the results in the stock market after the Fed raised rates in December 2015.]</strong></p> <p>&nbsp;</p> <p><strong>&ldquo;&hellip;I was warning my colleagues, &ldquo;Don&rsquo;t go wobbly if we have a 10-20 percent correction at some point. &hellip; Everybody you talk to &hellip; has been warning that these markets are heavily priced.&rdquo;</strong></p> </blockquote> <p>So, again, the issue is not whether or not banks are lending, we know they are lending, they just aren&rsquo;t lending to the people that need it most.</p> <p>I think Fisher was dishonest in his evaluation of the extent of the consequences of the Fed bubble and that a 10% to 20% drop in equities is an absurd underestimation.&nbsp; But setting aside the &quot;little white lies&quot;, it is at least widely available knowledge that the Federal Reserve initiated a corporate loan free-for-all, knowing that the supposed benefits were limited in scope as well as in duration.&nbsp; They know that a crash is coming, and they have been stalling until they can find the right scapegoat to divert blame.&nbsp; That scapegoat is Trump, and by association, all conservatives.</p> <p>As far as Dodd-Frank is concerned, the act was supposed to be a primer for stopping destructive behavior in the financial sector, more specifically in derivatives.&nbsp; Yet, in spite of Dodd-Frank, banks like Citigroup are STILL <a href="http://wallstreetonparade.com/2016/07/citigroup-has-more-derivatives-than-4701-u-s-banks-combined-after-blowing-itself-up-with-derivatives-in-2008/" target="_blank">bloated with derivatives </a>after receiving at least $476 billion in taxpayer funds to stop them from going bankrupt for the very same irresponsibility.</p> <p>Dodd-Frank accomplished absolutely nothing in terms of what it was mandated to do.&nbsp; I believe the only true purpose of Dodd-Frank was to distract everyone from Ron Paul&rsquo;s Fed audit bill, which was gaining major traction at the time.</p> <p><u><strong>Liberals And The Fed Become Bedfellows? </strong></u></p> <p>So, why does Trump&rsquo;s undercutting of Dodd-Frank even matter?&nbsp; As outlined above, it is a propaganda point for the establishment to perpetuate the narrative that Trump is incompetent, that the people who support him are incompetent, and that when the economy does shift into greater crisis it will be his fault and the fault of conservatives.&nbsp; It is also a springboard for the Federal Reserve to &ldquo;attack&rdquo; Trump, as shown in Yellen&rsquo;s congressional testimony.</p> <p>I also find it interesting that through the Dodd-Frank issue as well as others, leftists are being galvanized in support around the Federal Reserve, something that they probably would not have done a couple of years ago.&nbsp; This is all culminating in what I believe will become a titanic battle not only between Trump and Leftists, but also between Donald Trump and the Fed.&nbsp; But why would the establishment want to incite a conflict between the president and the central bank?</p> <p>This is something conservatives and liberty activists have wanted for decades &mdash; a president that would be willing to take on the Federal Reserve and expose its innards.&nbsp; The problem is, the time for the effectiveness of such an action is long gone.&nbsp; Auditing the Fed under Obama (an openly pro-globalist president) would have been a disaster for the powers that be.&nbsp; It would have thrown their entire agenda into disarray and killed any chance that they could complete what they call the &ldquo;great global economic reset.&rdquo;&nbsp; Auditing or shutting down the Fed under Trump is another matter.</p> <p>As I examined in detail with evidence in my article<a href="http://www.alt-market.com/articles/2403-the-economic-end-game-explained"> &#39;The Economic End Game Explained&#39;</a>, the Federal Reserve has a shelf life.&nbsp; It has already served its purpose, which was to undermine the American economy and our currency system.&nbsp; The Fed will now begin deflating the bubbles it has engineered in stocks, Treasuries and the dollar through continued interest rate hikes and rolling out the over $4 trillion (official amount) on its balance sheet.&nbsp; The goal?&nbsp; Sinking America and reducing it to third world status over the course of the next several years to make way for total global centralization of economic administration, eventually leading to global fiscal management under the IMF and perhaps the BIS, and a global currency system; all while making conservative movements look like the monster behind the crisis.</p> <p><strong>To summarize, the U.S. economy and the dollar are slated for a controlled demolition.&nbsp;</strong> The Fed will do everything in its power to prod Trump and conservatives into war with the central bank, because the Fed is now ready to sacrifice itself and the dollar&rsquo;s world reserve status in order to clear a path for a new global system and ideology. <strong>The Federal Reserve is a suicide bomber.</strong></p> <p>If this takes place as I predict then the international banks and the establishment elites will be able to lay the blame for the death of king dollar squarely at the feet of Trump and conservatives, and at least a third of the country (leftists) will buy into the narrative lock, stock and barrel because they desperately WANT to believe it.&nbsp; Remember, the tale being scripted here is that Trump is a rampaging maniac that does not know what he is doing.</p> <p><strong>To be clear, I am not supporting the continuing dominance of the Fed, or the existence of the fiat dollar.&nbsp; What I am saying is that conservatives may just get what we have been wishing for all these years but not in the manner we had hoped.</strong></p> <p>To counter this threat our list of targets must expand to meet reality.&nbsp; The delusion that the core problem is the Federal Reserve must stop.&nbsp; The Fed is a box store, a franchise in a chain of franchises, nothing more.&nbsp; If we do not also turn our scrutiny and aggression towards root globalist institutions like the IMF and the BIS as well as international banks, then our efforts will only serve to bolster the enemy we are trying to fight.</p> <p>In a battle limited to Trump versus the Fed, <strong>only the bankers will win.</strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="478" height="287" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170223_alt.jpg?1487860971" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-23/battle-between-trump-and-federal-reserve-who-really-wins#comments BIS BIS Bureau of Labor Statistics Bureau of Labor Statistics Business Business Central Banks Citigroup Climate change skepticism and denial Dallas Fed Dallas Fed Dodd–Frank Wall Street Reform and Consumer Protection Act Donald Trump Donald Trump Economy Elizabeth Warren fed Federal Reserve Federal Reserve Board Federal Reserve System Finance Financial crisis of 2007–2008 Fisher goldman sachs Goldman Sachs Great Recession in the United States International Monetary Fund Janet Yellen Janet Yellen Obama Administration Obama administration Presidency of Barack Obama Reality recovery Richard Fisher Ron Paul Subprime mortgage crisis Systemic risk TARP Testimony Trump Administration US Federal Reserve White House White House Fri, 24 Feb 2017 04:20:00 +0000 Tyler Durden 588822 at http://www.zerohedge.com The $74 Trillion Global Economy In One Chart http://www.zerohedge.com/news/2017-02-23/74-trillion-global-economy-one-chart <p>The latest GDP numbers from the <a href="http://data.worldbank.org/data-catalog/GDP-ranking-table">World Bank</a> were released earlier this month, and today&rsquo;s visualization from <a href="https://howmuch.net/articles/the-global-economy-by-GDP">HowMuch.net</a> breaks them down to show the<strong> relative share of the global economy for each country. </strong></p> <p><a href="http://www.visualcapitalist.com/74-trillion-global-economy-one-chart/"><em>As Visual Capitalist&#39;s Jeff Desjardins explains,</em></a> the full circle, known as a Voronoi Diagram, <strong>represents the entirety of the $74 trillion global economy in nominal terms.</strong> Meanwhile, each country&rsquo;s segment is sized accordingly to their percentage of global GDP output. Continents are also grouped together and sorted by color.</p> <div style="clear:both"><a href="http://www.visualcapitalist.com/74-trillion-global-economy-one-chart/"><img src="http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2017/02/global-economy-one-chart.png" style="border-width: 0px; border-style: solid; height: 515px; width: 601px;" /></a></div> <div><em>Courtesy of: <a href="http://www.visualcapitalist.com">Visual Capitalist</a></em></div> <p>&nbsp;</p> <p>Here is the data for the Top 20 Countries in table form:</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_gdp.jpg"><img height="731" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_gdp_0.jpg" width="600" /></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1071" height="914" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170223_gdp1.jpg?1487861393" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-23/74-trillion-global-economy-one-chart#comments Academia Business Capitalism Computational geometry Diagrams Discrete geometry Economics Economy Global Economy Gross domestic product National accounts Visual Capitalist Voronoi Voronoi diagram World Bank World Bank World economy Fri, 24 Feb 2017 03:55:00 +0000 Tyler Durden 588827 at http://www.zerohedge.com Calexit - Beat The Crowd http://www.zerohedge.com/news/2017-02-23/calexit-beat-crowd <p><a href="http://milleronthemoney.com/calexit-beat-crowd/"><em>Submitted by Dennis Miller via MillerOnTheMoney.com,</em></a></p> <p><em><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_calexit.jpg"><img height="188" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_calexit.jpg" width="300" /></a></em></p> <p><strong>Our country has become bitterly divided.</strong> No matter who won the election, I predicted we would soon be reading about states wanting to secede from the union.</p> <p>Even before President Trump was sworn in, the California movement, known as Calexit, began. The first step is to ask voters to adopt a state Constitutional Amendment revoking the U. S. Constitution as the supreme law.</p> <p><a href="http://www.yescalifornia.org" target="_blank">YesCalifornia.org</a> makes this appeal:</p> <p style="padding-left: 30px;">&ldquo;As the sixth largest economy in the world, California is more economically powerful than France and has a population larger than Poland. Point by point, California compares and competes with countries, not just the 49 other states.</p> <p style="padding-left: 30px;">Since 1987, California has been subsidizing the other states at a loss of tens and sometimes hundreds of billions of dollars in a single fiscal year.</p> <p style="padding-left: 30px;">&hellip;In our view, the United States of America represents so many things that conflict with Californian values, and our continued statehood means California will continue subsidizing the other states to our own detriment, and to the detriment of our children.&rdquo;</p> <p>They outline reasons why citizens should vote for secession. Point 9 is a bit different, &ldquo;California has some of the best universities but in various ways, our schools are among the worst in the country.&rdquo;</p> <p>I&rsquo;m unable to determine if the claim &ldquo;hundreds of billions of dollars&rdquo; is accurate. How is it calculated? Is a post office or military base returning money back to the state? <a href="https://www.creditloan.com/blog/united-states-federal-tax-dollars/" target="_blank">Creditloan.com</a> indicates California receives $.78 back for every $1.00 is sends to the federal government. Maybe they have a point.</p> <p><span style="text-decoration: underline;"><strong><em>Different values causes divorce</em></strong></span></p> <p>Our founding fathers felt the values of the King of England conflicted with the values of the colonies. Many Americans cheered the British on when they opted out of the European Union. For both situations, oppressive taxation, different values and cost and control of the central government was a motivating factor.</p> <p><span style="text-decoration: underline;"><strong><em>Be careful what you wish for</em></strong></span></p> <p>Things are not all sunny in the land of milk and honey. Currently the California Public Employees&rsquo; Retirement System (CalPERS) is woefully underfunded. The Mercury News editorial, <a href="http://www.mercurynews.com/2016/12/22/editorial-calpers-again-falls-short-of-addressing-deficit/" target="_blank">&ldquo;CalPERS again falls short of addressing deficit&rdquo;</a> reports the fund has lowered the projected earnings estimates from 7.5% down to 7% in 2019. They add one inconvenient truth:</p> <p style="padding-left: 30px;">&ldquo;To understand how far short this move falls, consider that CalPERS announced Wednesday that it hadn&rsquo;t hit a 7 percent average over the last 20 years and, going forward, it estimates that there&rsquo;s only roughly a 1-in-4 chance that it will meet that target.</p> <p style="padding-left: 30px;">&hellip; CalPERS consultant warns that the pension system should anticipate only an average 6.2 percent in each of the next 10 years.</p> <p style="padding-left: 30px;">&hellip; That places the system&rsquo;s shortfall at about $170 billion, which averages more than $13,000 of debt for each California household.&rdquo;</p> <p>The optimistic vision of the secessionist movement overlook a major factor. The California political class is predominantly socialists, redistributing wealth through progressive taxation and free programs to voters to maintain their power. If secession brings an economic windfall it would quickly be spent. As Margaret Thatcher warned,<em><strong> &ldquo;The problem with socialism is you run out of other people&rsquo;s money.&rdquo;</strong></em></p> <p><span style="text-decoration: underline;"><strong><em>Beat the Crowd</em></strong></span></p> <p><strong>George Bernard Shaw said, &ldquo;A government that robs Peter to pay Paul can always depend on the support of Paul.&rdquo; In many cases Peter quietly moved away and took his money with him.</strong></p> <p>Remember when top professional golfer, Phil Michelson created quite a stir complaining about California taxes, while putting his home up for sale? He would have been better off staying quiet about his reasons. <a href="http://www.capoliticalreview.com/capoliticalnewsandviews/is-phil-mickelson-finally-abandoning-california-for-income-tax-free-florida/" target="_blank">California Political Review</a> reports:</p> <p style="padding-left: 30px;">&ldquo;Tiger Woods moved from Orange County, California to Orange County, Florida. In the first year of that move, he saved $13 million in taxes. Is it worth $13 million a year taken by government to live in California? Woods said no. Now it looks like Phil Michelson is about to make the same decision. He earns $60 million a year-he would save north of $5 million a year to move to a free State, like Florida or Texas.&rdquo;</p> <p>The <a href="http://nypost.com/2016/04/10/this-man-could-destroy-new-jersey-by-moving-to-florida/" target="_blank">New York Post</a> reports:</p> <p style="padding-left: 30px;">&ldquo;Billionaire David Tepper has moved from New Jersey to Florida, and the loss of his income tax could leave a $140 million hole. &hellip; Forty percent of the state&rsquo;s revenue comes from personal-income tax &ndash; a third of which is collected from less than 1 percent of taxpayers. Tepper was New Jersey&rsquo;s wealthiest resident.&rdquo;</p> <p><u><strong><em>It&rsquo;s not just the heavy hitters</em></strong></u></p> <p>When we moved to Phoenix we joined a local club in order to meet people. Each month new members stand up and introduce themselves. We noticed a large number of Californians. While my survey is unscientific, I&rsquo;ve asked many why they moved. Every one mentioned how expensive California is to live. One former Californian remarked,<strong> &ldquo;There are a lot of California refugees in Arizona and Nevada.&rdquo;</strong></p> <p>We lived in Georgia when they passed a state income tax. While it&rsquo;s progressive, the top rate (6%) kicks in at $7,000. At the time I was in my peak earning years and could live anywhere.</p> <p>I was an early immigrant. The first time I paid GA income tax, I realized our other taxes did not go down. What did I get back from the government for confiscating an additional 6% of my earnings? We quickly moved to Florida, with no state income taxes. Florida is full of refugees fleeing other high tax states.</p> <p>The migration continues. In 2013 the <a href="https://taxfoundation.org/monday-map-migration-personal-income" target="_blank">Tax Foundation</a> published a State Migration Calculator and great graphic:</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170222_calexit.png"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170222_calexit_0.png" style="width: 600px; height: 477px;" /></a></p> <p>The high tax socialist states are losing billions in adjusted gross income, while states like Texas and Florida are growing. <a href="http://www.washingtonexaminer.com/states-with-right-to-work-laws-and-no-income-taxes-grew-fastest-in-the-obama-years/article/2611150" target="_blank">The Washington Examiner</a> reports the trend is continuing and concludes, &ldquo;The growth in no-income-tax and right-to-work states was fueled largely by <strong><em>net domestic migration rather than international migration</em></strong> (Emphasis mine), according to the 2016 Census estimates.&rdquo;</p> <p><u><strong><em>The landscape is changing</em></strong></u></p> <p>The election of President Trump sent shock waves through much of the political class. Many public union pensions are woefully underfunded. <strong>They donated millions to Hillary Clinton&rsquo;s election campaign and expected federal bailouts. They knew they could count on Mrs. Clinton; she has a great track record of rewarding her political donors. Today no one knows what the new administration will do.</strong></p> <p>In the meantime, the scramble is on. <strong>The politicians in states that have been heavily supporting Paul have a huge base, not because they have won over the hearts and minds of Peter; but rather because the working class got tired of being fleeced and left. The politicos have to find ways to make good on all their free programs. Cutting benefits will cause citizens to storm the palace. They must find ways to generate more revenue.</strong></p> <p>Brian Daniels warns us, <a href="https://www.ezlandlordforms.com/articles/news/360/the-growing-specter-of-state-exit-taxes-as-residents-abandon-high-tax-states/" target="_blank">The Growing Specter of State &ldquo;Exit Taxes&rdquo; as Residents Abandon High-Tax States</a>:</p> <p style="padding-left: 30px;">&ldquo;To be clear, it is not legal for states to charge a true exit tax on citizens changing their residency from one state to another (this is not the case for the federal government, which does charge a large exit tax).</p> <p style="padding-left: 30px;">So what do high-tax states do to try and prevent their residents from moving their legal residence to low- or no-tax states? In a word, they audit them.&rdquo;</p> <p>When a taxpayer is audited, the agency issues an assessment for unpaid taxes. It&rsquo;s not &ldquo;innocent until proven guilty.&rdquo; You must prove they are wrong or the assessment stands.</p> <p>Once you intend to leave you are of no value to the politicos. Most people do not have the means to go to court. For some, it becomes a government shakedown to extract as much wealth as they can on your way out the door.</p> <p><u><strong><em>What about Calexit?</em></strong></u></p> <p><em><strong>With the mindset of California voters, who knows what will happen?</strong></em></p> <p>I don&rsquo;t recommend holding any California government debt, including holdings in bond funds. While the probability of secession may be small, might they establish their own currency and try to renegotiate their debt? Holding California debt is an unnecessary risk to take with retirement money.</p> <p>Should they vote to secede, Californians would face a choice of leaving or staying. <strong>If you choose to leave, expect a hefty exit tax. </strong>If you are thinking about leaving, why wait? Walk quietly and beat the rush!</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="300" height="188" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170223_calexit.jpg?1487888249" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-23/calexit-beat-crowd#comments Bond California government CalPERS Economy European Union European Union federal government Florida France Income tax in the United States Internal Revenue Service New York Post Poland Politics Post Office Progressive tax Public economics Public finance Social Issues State income tax Tax Tax Foundation Taxation in the United States Fri, 24 Feb 2017 03:30:00 +0000 Tyler Durden 588864 at http://www.zerohedge.com Banned HuffPo Contributor: Trump "Must Go Through Hell Every Day If This Is How The Press Is Behaving" http://www.zerohedge.com/news/2017-02-23/banned-huffpo-contributor-trump-must-go-through-hell-every-day-if-how-press-behaving <p><img src="https://ibankcoin.com/zeropointnow/files/2017/02/839391_orig.jpg" width="400" height="377" style="margin-right: auto; margin-left: auto; display: block;" /></p> <p>What happens when a prolific&nbsp;progressive Huffington Post contributor&nbsp;deviates from the narrative&nbsp;and publishes an article admitting Donald Trump was correct about something? </p> <p>HuffPo deletes the article and bans the guy, of course! </p> <p>Norwegian journalist, author, and&nbsp;world traveler&nbsp;<a href="https://ibankcoin.com/zeropointnow/files/2017/02/rene.png" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">René Zografos</span></span></a> had the audacity to&nbsp;suggest&nbsp;that Donald Trump was telling the truth about Sweden's&nbsp;ongoing nightmare related to the <a href="http://www.zerohedge.com/news/2017-02-20/meanwhile-rioting-breaks-out-sweden" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">violent tidal wave</span></span></a> of predominantly North African refugees. Zografos wrote: </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>It’s well known for Scandinavians and other Europeans that liberal immigration comes with drugs, rapes, gang wars, robbery and violence. Additional to that we see the respective nations cultures fading away, for good and for bad. </p> </blockquote> <p>Hours after publication, the article was gone - and Zografos' access to the Huffington Post was&nbsp;revoked:</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">When a <a href="https://twitter.com/HuffingtonPost">@HuffingtonPost</a> contributor tells the truth about Trump: Now you see it, now you don't! <a href="https://t.co/VUZiKEvb0E">pic.twitter.com/VUZiKEvb0E</a></p> <p>— ZeroPointNow (@ZeroPointNow) <a href="https://twitter.com/ZeroPointNow/status/834964696369225728">February 24, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p dir="ltr" lang="en">When reached for comment, Zografos' told iBankCoin: </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>I just think this it’s a silly behavior, and actually a bit scary, because free press is crucial in our world. I don’t always agree with Trump, but he must go through hell everyday if this is how the press is behaving. </p> </blockquote> <p>For the liberal media to actively ignore,&nbsp;suppress, and <em>lie about</em>&nbsp;what's going on in Sweden (which now has a <a href="https://ibankcoin.com/zeropointnow/files/2017/02/grenades.png" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">grenade problem</span></span></a> of all things, which <a href="https://ibankcoin.com/zeropointnow/files/2017/02/gren.jpg" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">did not exist</span></span></a> prior to 2012) is beyond the pale. Between no-go zones, riots, news crews being assaulted, and a recently earned reputation as the "rape capital of Europe" - all of which have been vehemently denied by the&nbsp;MSM <em>and</em> the&nbsp;<a href="http://ibankcoin.com/zeropointnow/2017/02/12/one-week-after-hyper-feminist-swedish-deputy-pm-mocks-trump-her-boss-visits-anti-feminist-iran-to-cut-deals/" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">hypocritical Swedish government</span></span></a>, the level of propaganda and cover-up is astounding. </p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en"><a href="https://twitter.com/CachDPT">@CachDPT</a> <a href="https://twitter.com/HuffingtonPost">@HuffingtonPost</a> have asked them, but I'm still waiting for answer. I have given them a lot of sources so it shouldn't be that</p> <p>— René Zografos (@zokrates) <a href="https://twitter.com/zokrates/status/834856299858911234">February 23, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en"><a href="https://twitter.com/DrJhopheon">@DrJhopheon</a> Well, where I come from we try to tell the truth, I also hope Huff thinks that a good thing, let's see if it comes back. ;-)</p> <p>— René Zografos (@zokrates) <a href="https://twitter.com/zokrates/status/834874560466022401">February 23, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="und"><a href="https://twitter.com/zokrates">@zokrates</a> <a href="https://t.co/A0dP4Pafwf">https://t.co/A0dP4Pafwf</a></p> <p>— René Zografos (@zokrates) <a href="https://twitter.com/zokrates/status/834885178661220352">February 23, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>In the meantime, Mr. Zografos granted iBankCoin permission to republish his now-deleted article in it's entirety: </p> <p>----------------</p> <p><strong>Sweden has huge problems because of liberal immigration policy</strong></p> <p>Many journalists around the world are eager to condemn Donald Trump no matter what. When he tweeted about immigration in Sweden few days ago, the social media exploded. Most of the opponent said that Trump had made up the immigration problem Sweden are having. They are wrong.</p> <p>Only hours later there was a riot of violence and destructions by immigrants in the capitol of Sweden, Stockholm. The police was forced to shoot with ammunition to put and end to it. In Malmö, another city south in Sweden they have struggle with gang violence and lawlessness for years. So when Trump talk about that Sweden have an immigration problem he is actually spot on.</p> <p>It’s well known for Scandinavians and other Europeans that liberal immigration comes with drugs, rapes, gang wars, robbery and violence. Additional to that we see the respective nations cultures fading away, for good and for bad.</p> <p>But the immigration problem is not only a Swedish predicament. The truth is, that several European cities have huge immigration problems where even the police force is afraid to interfere in some locations in these cities. UK, France and several other European countries are changing rapidly with extreme quantity of immigration. I’m not saying immigration is only bad, but a lot of problems come with poor immigration policy, as consequences we get violence, terror and gangs. The fact is that the press here in Europe hasn’t doing their job properly. There is this fear for journalists to not report the basic truth - which is that Europe has enormous problems that comes from liberal immigration politics, and as we also now can see in Sweden, but also here in Norway. But it’s not political correct for journalists to say or write that immigration in Europe is unsuccessful. When that said, most of the people that come from other countries are behaving flawless and are a gift to our society, but then again to report that everything is all good is simply wrong and these journalists should find another job, because they do not have enough integrity that requires to be decent journalist.</p> <p>-<a href="http://www.renezografos.com/" target="_blank">renezografos.com</a></p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;"><span style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #000000; text-transform: none; line-height: inherit; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit; background-color: #ffffff;">Content originally generated at&nbsp;</span><strong style="margin: 0px; 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color: #000000; text-transform: none; line-height: inherit; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: normal; font-weight: bold; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit;"><a href="https://twitter.com/ZeroPointNow" target="_blank" style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #1e439a; line-height: 1.2; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; text-decoration: none; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit;"><span style="font: inherit; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-decoration: underline; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit;">@ZeroPointNow</span></a></strong></p> http://www.zerohedge.com/news/2017-02-23/banned-huffpo-contributor-trump-must-go-through-hell-every-day-if-how-press-behaving#comments Alt-right American people of German descent Business Climate change skepticism and denial Conservatism in the United States Demography Donald Trump Donald Trump Donald Trump presidential campaign France Immigration Norway Politics Politics of the United States Social Issues Swedish government The Apprentice Twitter Twitter United States WWE Hall of Fame Fri, 24 Feb 2017 03:22:37 +0000 ZeroPointNow 588872 at http://www.zerohedge.com Meanwhile, In Every News Editor's Office Across America http://www.zerohedge.com/news/2017-02-23/meanwhile-every-news-editors-office-across-america <p>Speaking the unspeakable...</p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_editor.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_editor_0.jpg" width="600" height="446" /></a></p> <p><a href="https://townhall.com/political-cartoons/2017/02/22/148898"><em>Source: Townhall.com</em></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="684" height="509" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170223_editor.jpg?1487887564" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-23/meanwhile-every-news-editors-office-across-america#comments Conservatism in the United States Oral literature Technology Townhall Unspeakable Vocal music Fri, 24 Feb 2017 03:05:00 +0000 Tyler Durden 588863 at http://www.zerohedge.com 7 Murders In Chicago's Deadliest Day Of 2017 As Trump Tweets "Totally Out Of Control" http://www.zerohedge.com/news/2017-02-23/7-murders-chicagos-deadliest-day-2017-trump-tweets-totally-out-control <p>Yesterday marked the most violent day of 2017 for folks living in Chicago as the city recorded at least 13 shootings and 7 homicides.&nbsp; According to the <a href="http://www.chicagotribune.com/news/local/breaking/ct-man-61-found-shot-dead-in-garage-in-south-lawndale-20170222-story.html">Chicago Tribune</a>, <strong>five of the victims were killed over just a two hour period, including a woman who was eight months pregnant.&nbsp;</strong> Meanwhile, the violent Wednesday night brought total shootings for the year to 495 with 99 homicides.</p> <p>Of course, Trump has been persistent in his threats to <strong>"send in the feds"</strong> if Chicago Mayor Rahm Emmanual fails to <strong>"fix the horrible 'carnage' going on"</strong> in his streets.&nbsp; Earlier this evening Trump commented on the latest spike of violence, saying:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><strong>"Seven people shot and killed yesterday in Chicago. What is going on there - totally out of control. Chicago needs help!"</strong></p> </blockquote> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Seven people shot and killed yesterday in Chicago. What is going on there - totally out of control. Chicago needs help!</p> <p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/834916167177371648">February 24, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p>Of course, this latest Trump tweet mimics similar messages sent last month:</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">If Chicago doesn't fix the horrible "carnage" going on, 228 shootings in 2017 with 42 killings (up 24% from 2016), I will send in the Feds!</p> <p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/824080766288228352">January 25, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Chicago murder rate is record setting - 4,331 shooting victims with 762 murders in 2016. If Mayor can't do it he must ask for Federal help!</p> <p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/815973752785793024">January 2, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p>Per data from <a href="http://heyjackass.com/">HeyJackAss!</a>, Wednesday marked the deadliest day in Chicago since Christmas Day last year when the city recorded 8 homicides.</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/02/23/2017.02.23%20-%20Chicago%201_0.JPG" alt="Chicago Murders" width="600" height="260" /></p> <p>&nbsp;</p> <p>And, for the first time in 2017, YTD homicides have officially exceeded the violent 2016 pace and looks set to surpass 100 for just the first two months of the year.&nbsp; </p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/02/23/2017.02.23%20-%20Chicago%202.JPG" alt="Chicago Murders" width="395" height="328" /></p> <p>&nbsp;</p> <p>Finally, just like 2016, the violence continues to be heavily concentrated in just a handful of neighborhoods on Chicago's South and West Side.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Like last year, the Harrison police district on the West Side has seen the most homicides: 16 this year compared to 12 this time last year, according to Tribune data.</p> <p>&nbsp;</p> <p>The Austin district, also on the West Side, is close behind with 11 homicides.&nbsp; Last year, it wasn't even among the top five at this time, Tribune data shows.</p> <p>&nbsp;</p> <p>The next three districts are Ogden on the Near West Side, 10, Englewood on the South Side, 9, and Calumet on the South Side, 6.&nbsp; The Near North district had no homicides this time last year but has recorded two this year, according to Tribune data.</p> </blockquote> <p><img src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/02/23/2017.02.23%20-%20Chicago%203_0.JPG" alt="Chicago Murders" width="400" height="607" /></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="500" height="296" alt="" src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/Trump-Make-America-Great-Again-3_11.jpg?1487899981" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-23/7-murders-chicagos-deadliest-day-2017-trump-tweets-totally-out-control#comments American people of German descent Business Donald Trump Political positions of Donald Trump Politics of the United States The Apprentice Tribune United States WWE Hall of Fame Fri, 24 Feb 2017 02:40:00 +0000 Tyler Durden 588870 at http://www.zerohedge.com "Mystery Poison" Used To Murder Kim Jong Nam Revealed As VX Nerve Agent http://www.zerohedge.com/news/2017-02-23/mystery-poison-used-murder-kim-jong-nam-vx-nerve-agent <p>What was until recently was a real-life reincarnation of the move "The International", just got a double dose of "The Rock" thrown in for good measure.</p> <p><iframe src="https://www.youtube.com/embed/3sXqD_qBEoo" width="500" height="281" frameborder="0"></iframe></p> <p>When yesterday <a href="http://www.zerohedge.com/news/2017-02-22/hands-kim-jong-nams-killers-were-coated-mystery-poison">we shared </a>the most recent update in the bizarre assassination of Kim Jong Nam, the half brother of North Korea's ruler, who was murdered in broad daylight inside Kuala Lumpur's budget airline terminal, we reported that while the two women suspected in the fatal poisoning attack had coated their hands with "mystery" toxic chemicals which they then wiped on Nam's face, a key question remained unanswered, namely what was the poison used to by the woman with the "LOL" shirt used to murder the North Korean scion.</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/LOL%20woman_0.jpg" width="500" height="283" /></p> <p>As <a href="http://www.cbsnews.com/news/kim-jong-nam-deadly-poison-mystery-baffles-experts/">CBS reported previously</a>, experts routinely tasked with finding answers in poisoning cases were stumped: what substance could have been used to kill the victim so quickly without sickening the women who apparently deployed it, along with anyone else nearby? Difficult, they said, but doable. </p> <p>“It’s not an agent that could be cooked up in a hotel room. It’s going to take a lot of knowledge regarding the chemical in order to facilitate an attack like this,” said Bruce Goldberger, a leading toxicologist who heads the forensic medicine division at the University of Florida. He said a nerve gas or ricin, a deadly substance found in castor beans, could be possible. A strong opioid compound could also have been used, though that would likely have incapacitated the victim immediately. </p> <p>“It would have to be cleverly designed in order to be applied in this fashion without hurting anyone else,” Goldberger said.</p> <p>“The more unusual, the more potent, the more volatile a poison is, the less likely it is to be detected,” said Olif Drummer, a toxicologist at Australia’s Victorian Institute of Forensic Medicine who has spent 40 years in the field. Khalid said the women knew they were handling poisonous materials and "were warned to take precautions." Surveillance footage showed both keeping their hands away from their bodies after the attack, he said, then going to restrooms to wash. Such details are unclear in video footage that has been released to media. </p> <p>Well, moments ago the Malaysian police provided the answer, when it reported that the chemical substance used to kill Kim Jong Nam last week was the nerve agent right out of the movei "The Rock" <a href="https://en.wikipedia.org/wiki/VX_(nerve_agent)">called VX,</a> which happens to be listed as a weapon of mass destruction by the United Nations. </p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/rock%20vx%202.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/rock%20vx%202_0.jpg" width="500" height="275" /></a></p> <p>Khalid Abu Bakar, Malaysia’s inspector general of police, said Friday in a statement that identification of the substance came from a preliminary report. He said swabs were taken from the eye and face of the victim. </p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/VX%20gas.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/VX%20gas_0.jpg" width="500" height="325" /></a></p> <p>VX is described by the US Centers for Disease Control and Prevention as “the most potent of all nerve agents”, with a large dose leading to loss of consciousness, paralysis and respiratory failure. Its only known use is as a chemical warfare agent.&nbsp; </p> <p>VX is banned under the UN Chemical Weapons Convention, to which North Korea is not a party. </p> <p>The nerve agent, also known as ethyl N-2-Diisopropylaminoethyl Methylphosphonothiolate, was developed in the UK in the 1950s. </p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/VX%20nerve%20agent.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/VX%20nerve%20agent_0.jpg" width="500" height="250" /></a></p> <p>As <a href="https://www.ft.com/content/228d4ef6-fa2d-11e6-9516-2d969e0d3b65?emailId=58af91e3f59cf000043ade37&amp;segmentId=3d08be62-315f-7330-5bbd-af33dc531acb">the FT further adds</a>, Malaysian police are seeking at least four North Korean suspects in connection with the murder, who are now believed to be back in Pyongyang. Two other North Korean nationals, including a diplomat in Malaysia, are wanted for questioning. </p> <p>Police have detained a Vietnamese woman, an Indonesian woman and a North Korean man in connection with Kim’s death. </p> <p>The murder has frayed relations between North Korea and Malaysia, which this week recalled its ambassador from Pyongyang.</p> <p>In the aftermath of the fallout from North Korea's ballistic missile launch and alleged orchestration of Kim Jong Nam's murder, <a href="http://www.zerohedge.com/news/2017-02-23/china-prepares-regime-collapse-north-korea">we reported earlier today </a>that China, which last weekend announced it would ban all coal imports from North Korea, was preparing for "regime collapse" in North Korea, and would "take the necessary measures to safeguard national security in the event of the collapse of the neighbouring North Korean regime", a defence official said on Thursday.&nbsp; </p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1600" height="881" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/rock%20vx%202.jpg?1487902950" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-23/mystery-poison-used-murder-kim-jong-nam-vx-nerve-agent#comments Amines Australia’s Victorian Institute of Forensic Medicine Chemical warfare Chemistry China Florida Forms of government KIM Kim dynasty Kim Jong-nam Malaysian police national security Nerve agent North Korea North Korea Political philosophy Politics U.S. Centers for Disease Control and Prevention United Nations University of Florida VX Fri, 24 Feb 2017 02:20:15 +0000 Tyler Durden 588871 at http://www.zerohedge.com The Road To Hell Was Paved With Obama Cronyism http://www.zerohedge.com/news/2017-02-23/road-hell-was-paved-obama-cronyism <p><a href="https://libertyblitzkrieg.com/2017/02/23/the-road-to-hell-was-paved-with-obama-cronyism/"><em>Submitted by Mike Krieger via Liberty Blitzkrieg blog,</em></a></p> <p><em><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_krieger.jpg"><img height="397" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_krieger.jpg" width="500" /></a></em></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong><em>President Donald Trump&rsquo;s naïve (or willfully blind) notion that Wall Street will work better at raising capital if it is unleashed from strident Federal regulation is unhinged from the facts on the ground. Those facts, as illustrated above, are that the Boards of two of the largest banks in the U.S. are utterly spineless when it comes to holding their CEOs and employees accountable in the face of a tsunami of crimes.</em></strong></p> <p>&nbsp;</p> <p>&ndash; From the <em>Wall Street on Parade</em> article:&nbsp;<a href="http://wallstreetonparade.com/2017/02/what-jpmorgan-and-citigroup-have-in-common-when-it-comes-to-crime/" rel="bookmark" target="_blank" title="Permalink to What JPMorgan and Citigroup Have in Common When It Comes to Crime">What JPMorgan and Citigroup Have in Common When It Comes to Crime</a></p> </blockquote> <p>Opposition to Trump is extremely important, particularly when it comes to&nbsp;someone like me who sees his Wall Street love affair and disregard for civil liberties as serious threats to the nation. That said, it is absolutely imperative to see Trump as a symptom of a sick and broken system as opposed to the root cause of anything. The corporate media and legions of mourning Hillary cultists continue to present the Trump threat in extraordinarily simplistic and unhelpful terms. They act as if he&rsquo;s the head of some evil snake, and that disposing of him as an individual will get America back on track. This couldn&rsquo;t be more wrong.</p> <p>I spent most of the Obama years warning about the dangers of his policies. I didn&rsquo;t do this for kicks, or because I thought he would try to stay in power forever, but because I knew his monumental cronyism would&nbsp;only pave the way for major problems down the road. Well the backlash to Obama came quick, and we the people won&rsquo;t do the country any good if we focus on Trump the man, as opposed to the entirely corrupt, billionaire/special interest-controlled cesspool of a society we inhabit. <strong>We need to focus on Trump&rsquo;s policies, not Trump the man.</strong></p> <p>We also need to be under no illusions when it comes&nbsp;to the disaster that was the Obama administration, and the key role his failures played in providing the fertile ground for Trump to believe&nbsp;he can do whatever he wants &mdash; because Obama largely did.</p> <p>As such, today&rsquo;s article by Trevor Timm at&nbsp;the <em>Freedom of the Press Foundation</em> is extremely important. It provides new documentation demonstrating&nbsp;how the Obama administration worked tirelessly behind the scenes <strong>to prevent Congress from expanding government transparency.&nbsp;</strong></p> <p>Here are a few excerpts from the article,&nbsp;<a href="https://freedom.press/news-advocacy/new-documents-show-the-obama-admin-aggressively-lobbied-to-kill-transparency-reform-in-congress/" target="_blank">New Documents Show the Obama Admin Aggressively Lobbied to Kill Transparency Reform in Congress&rdquo;</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong><em>New documents obtained through Freedom of the Press Foundation&rsquo;s&nbsp;<a href="https://freedom.press/blog/2015/12/freedom-press-foundation-sues-justice-department-details-about-its-push-block" target="_blank">lawsuit against the Justice Department</a>&nbsp;reveal that the Obama administration &ndash; the self described &ldquo;most transparent administration ever&rdquo; &ndash; aggressively lobbied behind the scenes in 2014 to kill modest Freedom of Information Act reform that had virtually unanimous support in Congress.</em></strong></p> <p>&nbsp;</p> <p><em>Three months ago, we sued the Justice Department (DOJ) under the Freedom of Information Act (FOIA) for communications between the DOJ and Congress, since there were vague reports that the DOJ may have opposed the bill &ndash; <strong>despite much of it being based&nbsp;<a href="https://freedom.press/blog/2014/12/obamas-justice-department-secretly-killed-foia-transparency-bill-was-based-its-own" target="_blank">word-for-word based on the Justice Department&rsquo;s own policies</a>.</strong></em></p> <p>&nbsp;</p> <p><em>Today, we are publishing a detailed memo authored by the Justice Department that strongly objected to almost every aspect of FOIA reform put forth by the House of Representatives at the time.</em></p> <p>&nbsp;</p> <p><em>The bill in question &ndash; known as the FOIA Act &ndash; was unanimously passed by the House in early 2014. The Senate passed a similar bill &ndash; known as the FOIA Improvement Act &ndash; in December of 2014, but a final vote in the House to merge the two bills was&nbsp;<a href="https://www.rcfp.org/browse-media-law-resources/news/foia-reform-bill-dies-after-house-fails-schedule-vote" target="_blank">held up at the last minute</a>&nbsp;by then-Speaker of the House John Boehner and the session of Congress ended before it could become law. It was unclear at the time why the bill did not come up for a final vote, but the&nbsp;<a href="https://freedom.press/blog/2014/12/obamas-justice-department-secretly-killed-foia-transparency-bill-was-based-its-own">Washington Post later reported</a>&nbsp;that a few federal agencies&mdash;including the Justice Department&mdash;had &ldquo;warned&rdquo; lawmakers about some provisions in the bill.</em></p> <p>&nbsp;</p> <p><em>But these new documents show it went well beyond that: the Justice Department vehemently objected to both House and Senate members on nearly all aspects of the bill from the very start, and made clear: &ldquo;<strong>The Administration strongly opposes passage of [the FOIA Act].&rdquo;Notably, the Justice Department indicates that this policy memo (published in full below) is not just the agency&rsquo;s individual opinion, but that it is speaking for the entire Obama administration.</strong></em></p> <p>&nbsp;</p> <p><strong><em>The Obama administration&rsquo;s specious objections to FOIA reform were manifold. They were against codifying the Obama administration&rsquo;s &ldquo;presumption of openness&rdquo; policy that Obama declared upon his first month in office, they were against Congress mandating that the federal government create a unified online portal to process FOIA requests, they were against mandating discipline for FOIA redactors who break any of rules or regulations for processing FOIA requests, and they were against providing more reporting and oversight to Congress to make sure FOIA was being complied with. </em></strong></p> <p>&nbsp;</p> <p><em>The administration tried to couch some of its opposition in concern that the bill would &ldquo;cause delays&rdquo; in the FOIA process, despite the fact that many of the provisions were written to speed up the process, modernize the system with an online portal, and encourage proactive disclosure by making more information available to the public without even having to file a request. Concerning other provisions, the DOJ claimed the administration is not opposed in principle, but its is against seeing them codified into law &mdash; <strong>which allows the Executive Branch to delay implementation indefinitely and gives the next administration carte blanche power to rescind any good policies the Obama administration did put in place.</strong></em></p> <p>&nbsp;</p> <p><em>While the Freedom of Information Act remains a valuable tool (this lawsuit can attest to that), any reporter who has filed a FOIA request can corroborate the fact that the law is badly broken. Multiple investigations have shown that the Obama administration has been the most secretive ever when it comes to FOIA. <strong>Requests can often take years to be fulfilled if at all, and the only way to get results is to sue, like we were forced to.</strong> (We did not receive any documents for over a year from our first requests, and only received these documents after filing a lawsuit).</em></p> <p>&nbsp;</p> <p><em><a href="http://www.newyorker.com/news/daily-comment/celebrating-foia-on-independence-day" target="_blank">This summer is the 50th anniversary</a>&nbsp;of the Freedom of Information Act, and Congress is yet again&nbsp;<a href="http://www.politico.com/blogs/under-the-radar/2016/01/house-passes-foia-reform-again-217606" target="_blank">debating a FOIA reform bill</a>, this time with&nbsp;<a href="http://www.openthegovernment.org/node/5097" target="_blank">even more holes in it</a>&nbsp;than last time. We hope that Congress will amend the proposed reform in the strongest possible way and send it to the president&rsquo;s desk with the same message they did fifty years ago when the Johnson administration opposed it, yet was forced to sign it anyways: transparency is vital to democracy.</em></p> </blockquote> <p>If I had to pick the most pernicious aspect of Obama&rsquo;s entire presidency, it unquestionably would be the Department of Justice. By failing to prosecute a single bank executive, the DOJ made it clear to anyone paying attention that crime pays if you&rsquo;re wealthy and powerful. With that incentive structure in place, financial crime flourished during the Obama administration, as was perfectly described in today&rsquo;s article in <em>Wall Street on Parade</em>,&nbsp;<a href="http://wallstreetonparade.com/2017/02/what-jpmorgan-and-citigroup-have-in-common-when-it-comes-to-crime/" rel="bookmark" target="_blank" title="Permalink to What JPMorgan and Citigroup Have in Common When It Comes to Crime">What JPMorgan and Citigroup Have in Common When It Comes to Crime</a>.</p> <p>Here&rsquo;s some of what we learned:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong><em>Jamie Dimon became the CEO of JPMorgan Chase on January 1, 2006. At that point, the bank was more than a century old and had never been charged with a criminal felony. In 2014, the&nbsp;<a href="https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-and-fbi-assistant-director-charge-announce-filing-criminal">Justice Department charged JPMorgan Chase</a>&nbsp;with two felony counts in connection with their role in facilitating the Madoff Ponzi scheme. The bank was given a two-year deferred prosecution agreement.</em></strong></p> <p>&nbsp;</p> <p><em>The very next year, in May 2015, JPMorgan Chase was hit with a new felony count for its role in rigging foreign currency markets as part of a&nbsp;<a href="http://wallstreetonparade.com/2015/05/banking-fraternity-felons/">banking cartel</a>. That&rsquo;s three felony counts in two years and yet Jamie Dimon kept his job. Before the felony counts there was&nbsp;<a href="https://www.justice.gov/opa/pr/justice-department-federal-and-state-partners-secure-record-13-billion-global-settlement">a $13&nbsp;billion&nbsp;settlement</a>&nbsp;with the Justice Department and Federal and State regulators in 2013 for JPMorgan Chase&rsquo;s role in selling toxic mortgage investments to investors as worthwhile products when the bank had&nbsp;<a href="http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106">good reason to believe they would blow up</a>.</em></p> <p>&nbsp;</p> <p><em>Senator Carl Levin, Chair of the Senate Permanent Subcommittee on Investigations at the time, said that the bank &ldquo;piled on risk, hid losses, disregarded risk limits, manipulated risk models, dodged oversight, and misinformed the public.&rdquo;&nbsp; And, unbelievably, Jamie Dimon continued his tenure as Chairman and CEO of JPMorgan Chase.</em></p> <p>&nbsp;</p> <p><em>The crime spree at JPMorgan Chase became so surreal that two trial lawyers, Helen Davis Chaitman and Lance Gotthoffer, published a&nbsp;<a href="https://www.amazon.com/JPMadoff-Alliance-between-Americas-Biggest/dp/1522886206">breathtaking book</a>&nbsp;on the subject<strong>, comparing the bank to the Gambino crime family.</strong> In addition to the settlements noted above, the authors add more details as to what has occurred on Dimon&rsquo;s watch, such as:</em></p> <p>&nbsp;</p> <p><em>&ldquo;In&nbsp;<strong>April 2011</strong>, JPMC agreed to pay $35 million to settle claims that it overcharged members of the military service on their mortgages in violation of the Service Members Civil Relief Act and the Housing and Economic Recovery Act of 2008.</em></p> <p>&nbsp;</p> <p><em>&ldquo;In&nbsp;<strong>March 2012</strong>, JPMC paid the government $659 million to settle charges that it charged veterans hidden fees in mortgage refinancing transactions.</em></p> <p>&nbsp;</p> <p><em>&ldquo;In&nbsp;<strong>October 2012</strong>, JPMC paid $1.2 billion to settle claims that it, along with other banks, conspired to set the price of credit and debit card interchange fees.</em></p> <p>&nbsp;</p> <p><em>&ldquo;On&nbsp;<strong>January 7, 2013</strong>, JPMC announced that it had agreed to a settlement with the Office of the Controller of the Currency (&lsquo;OCC&rsquo;) and the Federal Reserve Bank of charges that it had engaged in improper foreclosure practices.</em></p> <p>&nbsp;</p> <p><em>&ldquo;In&nbsp;<strong>September 2013</strong>, JPMC agreed to pay $80 million in fines and $309 million in refunds to customers whom the bank billed for credit monitoring services that the bank never provided.</em></p> <p>&nbsp;</p> <p><em>&ldquo;On&nbsp;<strong>December 13, 2013</strong>, JPMC agreed to pay 79.9 million Euros to settle claims of the European Commission relating to illegal rigging of benchmark interest rates.</em></p> <p>&nbsp;</p> <p><em>&ldquo;In&nbsp;<strong>February 2012</strong>, JPMC agreed to pay $110 million to settle claims that it overcharged customers for overdraft fees.</em></p> <p>&nbsp;</p> <p><em>&ldquo;In&nbsp;<strong>November 2012</strong>, JPMC paid $296,900,000 to the SEC to settle claims that it misstated information about the delinquency status of its mortgage portfolio.</em></p> <p>&nbsp;</p> <p><em>&ldquo;In&nbsp;<strong>July 2013</strong>, JPMC paid $410 million to the Federal Energy Regulatory Commission to settle claims of bidding manipulation of California and Midwest electricity makets.</em></p> <p>&nbsp;</p> <p><em>&ldquo;In&nbsp;<strong>December 2013</strong>, JPMC paid $22.1 million to settle claims that the bank imposed expensive and unnecessary flood insurance on homeowners whose mortgages the bank serviced.&rdquo;</em></p> </blockquote> <p>Interesting how Jamie Dimon seemed to think being crowned&nbsp;&ldquo;<a href="http://www.nytimes.com/2009/07/19/business/19dimon.html" target="_blank">Obama&rsquo;s favorite banker</a>&rdquo; entitled him to a multi-year crime spree.</p> <p>Let&rsquo;s now turn to Citigroup.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>Michael Corbat has been CEO of Citigroup since October 2012. Below is just a sampling of the regulatory charges against the bank under Corbat&rsquo;s reign, including a guilty plea to a felony count in May 2015 which covered conduct that continued after Corbat took the helm.</em></p> <p>&nbsp;</p> <p><em><strong>July 1, 2013</strong>: Citigroup agrees to pay Fannie Mae $968 million for selling it toxic mortgage loans.</em></p> <p>&nbsp;</p> <p><em><strong>September 25, 2013</strong>: Citigroup agrees to pay Freddie Mac $395 million to settle claims it sold it toxic mortgages.</em></p> <p>&nbsp;</p> <p><em><strong>December 4, 2013</strong>: Citigroup admits to participating in the Yen Libor financial derivatives cartel to the European Commission and accepts a fine of $95 million.</em></p> <p>&nbsp;</p> <p><em><strong>July 14, 2014</strong>: The U.S. Department of Justice announces a $7 billion settlement with Citigroup for selling toxic mortgages to investors. Attorney General Eric Holder called the bank&rsquo;s conduct &ldquo;egregious,&rdquo; adding, &ldquo;As a result of their assurances that toxic financial products were sound, Citigroup was able to expand its market share and increase profits.&rdquo;</em></p> <p>&nbsp;</p> <p><em><strong>November 2014</strong>: Citigroup pays more than $1 billion to settle civil allegations with regulators that it manipulated foreign currency markets. Other global banks settled at the same time.</em></p> <p>&nbsp;</p> <p><em><strong>May 20, 2015</strong>: Citicorp, a unit of Citigroup becomes an admitted felon by pleading guilty to a felony charge in the matter of rigging foreign currency trading, paying a fine of $925 million to the Justice Department and $342 million to the Federal Reserve for a total of $1.267 billion.</em></p> <p>&nbsp;</p> <p><em><strong>May 25, 2016</strong>: Citigroup agrees to pay $425 million to resolve claims brought by the Commodity Futures Trading Commission that it had rigged interest-rate benchmarks, including ISDAfix, from 2007 to 2012.</em></p> <p>&nbsp;</p> <p><em><strong>July 12, 2016</strong>: The Securities and Exchange Commission fined Citigroup Global Markets Inc. $7 million for failure to provide accurate trading records over a period of 15 years.</em></p> <p>&nbsp;</p> <p><em>President Donald Trump&rsquo;s naïve (or willfully blind) notion that Wall Street will work better at raising capital if it is unleashed from strident Federal regulation is unhinged from the facts on the ground. Those facts, as illustrated above, are that the Boards of two of the largest banks in the U.S. are utterly spineless when it comes to holding their CEOs and employees accountable in the face of a tsunami of crimes.</em></p> </blockquote> <p>While it&rsquo;s unquestionably true that Donald Trump is a gigantic Wall Street-coddler, so was Obama. When it comes to the real power running this country, no one dares take on the financial criminals. Not even Trump, despite all his big talk.</p> <div style="float: none; margin: 10px 0 10px 0; text-align: center;"> <div class="lbk-banner-center">&nbsp;</div> </div> <p>&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="326" height="259" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170223_krieger.jpg?1487885494" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-23/road-hell-was-paved-obama-cronyism#comments American people of German descent Barack Obama Broken System Business Business Citigroup Commodity Futures Trading Commission Commodity Futures Trading Commission Congress Conservatism in the United States Cronyism Department of Justice Department of Justice DOJ Donald Trump Donald Trump European Commission Fannie Mae Federal Energy Regulatory Commission federal government Federal Reserve Federal Reserve Bank Federal Reserve Bank Financial Derivatives FOIA Freddie Mac Freedom of Information Act Freedom of Information Act House of Representatives Jamie Dimon Johnson administration JPMorgan Chase LIBOR Market Share Midwest Mortgage Loans Obama Administration Obama administration Political positions of Donald Trump Politics of the United States Presidency of Barack Obama Press Foundation recovery Securities and Exchange Commission Securities and Exchange Commission Senate Senate Permanent Subcommittee on Investigations Transparency U.S. Securities and Exchange Commission United States US Federal Reserve Yen Fri, 24 Feb 2017 01:55:00 +0000 Tyler Durden 588861 at http://www.zerohedge.com Giant Japanese Conglomerate Flash-Crashes 20% At Open http://www.zerohedge.com/news/2017-02-23/giant-japanese-conglomerate-flash-crashes-20-open <p>Tosoh Corporation, the giant Japanese petrochemical conglomerate, <strong>collapsed over 20% to below JPY800 shortly after the Japanese open, on volume eleven times average</strong> as traders scrambled to find out the catalyst. There was <strong>no news </strong>of course - just another flash-crash in a world of limited liquidity at the margin (where a small options-arb fund can drive the US equity market for a week).</p> <p>Share trading was halted for 25 minutes and re-opened unchanged...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_tosoh.jpg"><img height="319" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_tosoh_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p>Bloomberg notes Tosoh was not available for comment but:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&ldquo;Fat finger,&rdquo; </strong>says Mikey Hsia, trader at Sunrise Brokers in Hong Kong.<strong> &ldquo;I think someone just put in the wrong order on the stock and is now having to cover. It&rsquo;s a technical error.&rdquo;</strong></p> <p>&nbsp;</p> <p>&ldquo;That&rsquo;s what we&rsquo;re hearing,&rdquo; says Andrew Clarke, director of trading at Mirabaud Asia. <strong>&ldquo;Very nasty for them.&rdquo;</strong></p> </blockquote> <p>However, one glance at the trading and ticks suggest maybe a large order started the ball rolling but the algos took over very quickly and ran billions in market cap off the company...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_tosoh1.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_tosoh1_0.jpg" style="width: 600px; height: 298px;" /></a></p> <p>&nbsp;</p> <p>The drop erased the year&#39;s gains...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_tosoh2.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170223_tosoh2_0.jpg" style="width: 600px; height: 314px;" /></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="965" height="479" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170223_tosoh1.jpg?1487899478" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-23/giant-japanese-conglomerate-flash-crashes-20-open#comments Business flash Hong Kong Stock market Tosoh Volume Fri, 24 Feb 2017 01:32:23 +0000 Tyler Durden 588869 at http://www.zerohedge.com