Tyler Durden's picture

A Furious Ralph Nader Calls Out The Fed As "Tribune To Plutocratic, Crony Capitalism"; Janet Yellen Responds

In his letter, reproduced below, Nader bashes  the "tediously over-dramatic indecision as to when interest rates will be raised"; demands that the Fed not "lecture us about the Fed not being “political.” When you are the captives of the financial industry, led by the too-big-to-fail banks, you are generically “political" and - in short - wants to know when the Fed will put the interests of Main Street over those of "plutocratic, crony capitalism for which the Federal Reserve has long been a leading Tribune."

Tyler Durden's picture

The Greatest Racket Of All Time

It seems it is high time for a strategic rethink in the Global War On Terror, but powerful forces are arrayed against it. Apart from the fact that a truly huge racket is at stake, the situation is also reminiscent of the proverbial guy with the hammer – everything looks like a nail to him. So we should reasonably expect more of the same, only in even grander style (as the so-called “surge” has shown, any successes tend not only to be temporary, but have a habit to soon give way to even greater disasters).

Tyler Durden's picture

Benjamin Netanyahu Will Be Arrested If He Ever Sets Foot In Spain Again

Should Israeli Prime Minister Benjamin Netanyahu ever set foot inside Spain, he - and six other current and former Israeli government officials - would be subject to arrest, thanks to a Spanish judge who effectively issued an arrest warrant for the group late last week.

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

Illinoisans Look To "Get Lucky" In Other States After Lottery IOU Debacle

"We have long lines, but they're patient with it because Illinois is not paying. They're all coming here and saying, 'I'm from Illinois, how do you play it here?'"

Tyler Durden's picture

Hillary Clinton Pretends to Be Progressive: She's Actually Conservative

Reality is only what a politician does  in office, not about mere rhetoric. Even when rhetoric is great, such as it was with Abraham Lincoln, it has relied upon honesty in order to be able to be so. Lying rhetoric tends simply to be forgotten by historians. It shouldn’t be, even if this requires us to remember some very bad rhetoric. Lies can be very important, no matter how bad the rhetoric might happen to be. History should deal with what’s important. So should voters.

Tyler Durden's picture

Illinois Commits "Fraud On Taxpayers", Lowers Maximum Lottery Payout To Just $600

If you play the Illinois lottery and win more than $600, you are getting an IOU...

Tyler Durden's picture

Frontrunning: October 14

  • Democratic rivals back Clinton on emails, but little else in scrappy debate (Reuters)
  • Hillary Clinton Shows Relentless Efficiency in First Democratic Debate (WSJ)
  • U.S. Examines Goldman Sachs Role in 1MDB Transactions (WSJ)
  • JPMorgan Says Trading Pain Isn't Over After Third-Quarter Slump (BBG)
  • Islamic State battles insurgents near Aleppo as army prepares assault (Reuters)
  • Oil Slide Means `Almost Everything' for Sale as Deals Accelerate (BBG)
Tyler Durden's picture

Someone In Chicago Is Shot Every 2.8 Hours (Despite Major Gun Control)

Someone in Chicago has been shot every 2.84 hours this year for a total of 2,349 shootings during the period of January 1, 2015 to October 6, 2015 (and 2015 is likely to eclipse 2014's record 2.587 shooting victims); but, Chicago, for all intents and purposes, is a “gun-free zone.” But all the state and city regulations associated with firearms in Chicago have failed to produce a safe city, and these are the policies that President Obama and Secretary Clinton wish to extend to the rest of the country.

Tyler Durden's picture

The Value Of "Experts"

Then - "We will not have any more crashes in our time." – John Maynard Keynes (1927)

Now - "Ambarella, GoPro & FitBit are headed higher" - Jim Cramer (7/22)

Tyler Durden's picture

Illinois Pays Lottery Winners In IOUs After $30K/Month Budget "Guru" Fails To Produce Deal

"You know what's funny? If we owed the state money, they'd come take it and they don't care whether we have a roof over our head. Our budget wouldn't be a factor. You can't say (to the state), 'Can you wait until I get my budget under control?'"

Tyler Durden's picture

Lies You Will Hear As The Economic Collapse Progresses

It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarily... In fact, the mainstream spin machine is going into high speed the more negative data is exposed and absorbed into the markets. If you know your history, then you know that this is a common tactic by the establishment elite to string the public along with false hopes so that they do not prepare or take alternative measures while the system crumbles around their ears. At the onset of the Great Depression the same strategies were used.

EquityNet's picture

Burger King’s Proposal To McDonald’s Results In Flame-Broiled Shutdown

BK wants to join forces with McDonald’s to create the McWhopper and support Peace One Day – giving consumers a shot at massive indigestion while supporting a cause. 

Reggie Middleton's picture

Reggie Middleton's Prognosticated Market Crash and False Positives in Interest Rate Raise Promises

Not only is the equity market going to crash (after a dead cat bounce) the property market is about to pass out pain like you won't believe.

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