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Tyler Durden's picture

"$19,000 Premiums, Up 4x Since Passage": The 'Crippling Effect' Of Obamacare On The Middle Class





"Not happy w $19k/yr prems, up 4x since ACA. Destruction of small business, middle class & private ins market "

 
Tyler Durden's picture

One Day After Obama Kills Keystone XL Pipeline Another Buffett-Owned Oil Tanker Train Derails In Wisconsin





It must be somewhat ironic for the U.S. progressive moment that a day after Obama officially slammed the seal shut on Transcanada's Keystone XL pipeline after a seven year "review" (and days after the company itself withdrew its application, something which the admin ignored just so it could have the final say on the mater), moments ago an oil tanker train derailed north of Alma, Wisconsin along the Mississippi River 80 miles south of Minneapolis, with at least 32 cars off the tracks.

 
GoldCore's picture

Worlds Largest Debtor Ever Raises U.S. 'Debt Ceiling' ... Again





"The truth is, the debt ceiling doesn’t actually limit government spending. It’s a farce. Every time government debt gets close to the debt ceiling, Congress just raises it.”

 
GoldCore's picture

Bitcoin Surges 55% In Month - Chinese Moving Capital Into Bitcoin and Gold





Bitcoin is an easy way for people to swap out of yuan. Goldman Sachs analysts estimated earlier this year that 80% of bitcoin volume is exchanged in and out of the Chinese yuan. Once converted to bitcoin, the owners can then swap back into other fiat currencies and indeed physical gold.

 
Tyler Durden's picture

Ongoing "Active Sniper" Standoff Halts Plane Arrivals At San Diego Airport - Live Feed





FAA SAYS FLIGHTS BARRED FROM LANDING AT SAN DIEGO ON SHOOTER:AP

 
Tyler Durden's picture

UK Says Russian Plane "May Well" Have Been Downed By "Explosive Device"





"As more information has come to light, we have become concerned that the plane may well have been brought down by an explosive device."

 
Tyler Durden's picture

Congress To Yellen: "If You Want To Be Good With The Almighty, Delay Until May"





"God's plan is not for things to rise in the autumn, that is why it is called fall... If you want to be good with The Almighty, you might want to delay until May."

 
GoldCore's picture

"Great Optimist" Faber Says "I Added To My Gold Position"





In an interview on CNBC's "Trading Nation," the Gloom, Boom & Doom Report editor revealed he may not be as bearish as some may think and that he is actually a “great optimist.”

 
Tyler Durden's picture

US Ally Turkey Throws Journalists In Jail For "Attempting To Overthrow The Government"





Following farcical elections which saw President Tayyip Erdogan get the outcome he needed in order to press forward with a move to rewrite the constitution on the way to consolidating his power, Ankara's crackdown on the press continues as the government is now jailing opposition reporters and accusing them of attempting to orchestrate a "coup."

 
GoldCore's picture

Apocalypse Now: Has Next Giant Financial Crash Already Begun?





“A predicted global meltdown passed without event. But there are enough warning signs to suggest we are sleepwalking into another disaster”.

 
Tyler Durden's picture

Twitter Proves "Innovation" Is Alive And Well By Copying FaceBook's "Like", Replaces "Star" With "Heart"





Who says innovation is dying in the US tech sector?

 
Tyler Durden's picture

Al-Qaeda Calls ISIS Leader "Feeble, Failure Person," ISIS Calls Al-Qaeda A Bunch Of "Donkeys"





"The manhaj [method] of destruction, sowing and stirring dissension and corruptions, confusing efforts, making takfir [branding as an infidel] upon those who disagree with them, then this is a manhaj of a feeble and failure [person] who has no perfection except ruin,"

 
Tyler Durden's picture

Wall Street Financial Engineering At Work - How Valeant Got Vaporized





Financial engineering scams like Tyco and Valeant would never happen in an honest free market. Short sellers would shut them down long before they reach egregious levels of over-valuation; and the cost of honest downside market insurance (i.e. S&P 500 puts) and market driven carry cost would dramatically reduce the profitability of speculation and the amount of punters and capital in the casino. In today’s broken markets and corrupt regime of central bank driven crony capitalism, however, bubbles inflate in individual securities, as well as in broad sectors and the market as a whole, until they reach egregious, self-correcting extremes. Then they violently implode, creating immense waves of collateral damage in the process. Perhaps then the American people will learn that Yellen & Co have actually been in the un-wealth effects business for way too long.

 
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