zerohedge.com
zerohedge.com
Zero Hedge or ZeroHedge is a libertarian or right-wing financial blog, presenting staff-written articles and aggregating news and opinions from external sources. Zero Hedge, per its motto, is bearish in its investment outlook and analysis, often deriving from its adherence to the Austrian School of economics and credit cycles. While often labeled as a financial permabear, Zero Hedge is also seen as a source of "cutting-edge news, rumors and gossip in the financial industry".Source
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Why New York City Is In Trouble: 114,041 Public Employees Earn Over $100,000

Why New York City Is In Trouble: 114,041 Public Employees Earn Over $100,000

Mayor Bill de Blasio is aggressively pushing for a $12.4 billion federal  - because New York City faces an unprecedented $7 billion budget deficit over the next two years.Last week, in a public relations stunt, the mayor announced a one-week unpaid furlough of himself and 494 employees within his office - a taxpayer savings of a paltry $860,000.  So, how did the city get so deep into trouble?Our auditors at OpenTheBooks.com dug into the skyrocketing city payroll. In 2016, there  76,166 employees with pay exceeding $100,000. By 2019, there were more than 114,000 - a 50-percent increase in...

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1d ago
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Atlanta BLM Founder Arrested After Spending $200,000 In Donations On House, Entertainment, & Suits

Atlanta BLM Founder Arrested After Spending $200,000 In Donations On House, Entertainment, & Suits

The founder of a Black Lives Matter group in Atlanta has been charged with misappropriating donations solicited through Facebook on behalf of the social justice cause. 32 year old Sir Maejor Page has been arrested by the FBI on fraud and money laundering charges after he used $200,000 in BLM donations on "food, dining, entertainment, clothing, furniture, a home security system, tailored suits and accessories," according to . He was arrested in Toledo after the Toledo FBI office opened an investigation last year on a tip they received from a cooperating witness. Page founded Black Lives...

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2d ago
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Chaotic Scene Unfolds As Car Plows Through Trump Supporters In California, Multiple Injuries Reported; Driver Arrested

Chaotic Scene Unfolds As Car Plows Through Trump Supporters In California, Multiple Injuries Reported; Driver Arrested

Several people were injured on Saturday after a car plowed through a group of Trump supporters who were counter-protesting a Black Lives Matter rally in Yorba Linda, California.The driver raced down the street as people carrying Thin Blue Line and American flags chased her, only to be faced with a line of police cars. She then continued down the wrong side of the road for a stretch before being stopped and taken into custody.At least two injuries were reported with one being taken away by an ambulance.Moment of arrest— Conservative South Africa (@Conservative_ZA)Different angle:Someone ran...

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"Really, Really Catholic" Amy Coney Barrett Responds To Anti-Religious Bigotry

"Really, Really Catholic" Amy Coney Barrett Responds To Anti-Religious Bigotry

President Donald Trump will nominate a woman to succeed Supreme Court Justice Ruth Bader Ginsburg on Saturday, and observers expect him to choose Amy Coney Barrett, a judge on the 7th Circuit Court of Appeals. On Friday, after news outlets reported that Trump would choose Barrett, HBO host Bill Maher saved the potential nominee for her Roman Catholic faith. Yet perhaps no one has given a better response to such anti-religious bigotry than Barrett herself.“Apparently, the pick is going to be Amy Coney. We’re going to be saying the name a lot because she’s a f***ing nut. Religion, I was right...

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3d ago
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Trump Kneecaps Chip Giant SMIC Over 'Concerns' US Exports Being Shared With Chinese Military

Trump Kneecaps Chip Giant SMIC Over 'Concerns' US Exports Being Shared With Chinese Military

Investors expect a ruling on ByteDance's request for an injunction against the Trump Administration order banning TikTok by the end of the weekend (a hearing has been scheduled for Sunday), but in the meantime, it appears the White He is already moving on to its next action item in the ongoing economic war against China.As a couple of weeks ago, the Trump Administration is moving to cut off Semiconduct Manufacturing International  Corporation - or SMIC - China's biggest producer of microchips, with wafer fabrication sites all across the mainland, off from US-made supplies. A letter obtained...

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3d ago
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What's The Difference Between 'Villain' Assange & 'Intrepid' Woodward?

What's The Difference Between 'Villain' Assange & 'Intrepid' Woodward?

The completely fair super awesome trial of Julian Assange continues in the U.K. as I write this. It’s a beautiful blend of the works of Kafka, Stalin and Joseph Heller.Seeing as Julian is kept in a glass container in the courtroom, like a captured cockroach, maybe Kafka wins the day.The court clearly must keep Julian in that giant Tic-Tac container because he’s undoubtedly as dangerous as Hannibal Lecter. If he weren’t in there, no one would know when he might lurch forward and PUBLISH SOMETHING THAT’S TOTALLY TRUE!What they’re deciding in this trial is whether Assange should be extradited...

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4d ago
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Video Surfaces Of Biden Calling Troops "Stupid Bastards" When They Won't Clap

Video Surfaces Of Biden Calling Troops "Stupid Bastards" When They Won't Clap

In 2016, Joe Biden called US troops stationed in Southeast Asia "stupid bastards" and a "dull bunch" - and we don't need to trust anonymous sources in the Atlantic to believe it, since he said it on a recently resurfaced recording."I have incredibly good judgment," says Biden. "One, I married Jill, and two, I appointed Johnson to the academy. I just want you to know that."When nobody reacts, Biden adds "Clap for that, you stupid bastards."He then calls the soldiers a "dull bunch," adding "It must be slow here, man."Watch:Remember when Democrats spent a week pretending had described our...

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4d ago
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"He Who Cheats Best, Wins?" - Bloomberg Backs Lawbreakers-For-Biden In Florida

"He Who Cheats Best, Wins?" - Bloomberg Backs Lawbreakers-For-Biden In Florida

In 2016 I told the few people who were listening to me then that I thought Trump would win Florida by around seven points depending on the level of cheating in Broward and Dade counties by now deposed and disgraced Broward Supervisor of Election, Brenda Snipes.He wound up winning by three, so to me that says there was likely a fair amount of it going on. Argue with me all you want but I operate, normally, under the principle that U.S. elections of any import are determined by the maxim:Call it the Luongo Rule of Electoral Politics if you will.This year we know that the cheating will be...

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5d ago
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FBI Agent Who Discovered Hillary's Emails On Weiner Laptop Claims He Was Told To Erase Computer

FBI Agent Who Discovered Hillary's Emails On Weiner Laptop Claims He Was Told To Erase Computer

FBI agent John Robertson, the man who found Hillary Clinton’s emails on the laptop of Anthony Weiner, claims he was advised by bosses to  his own computer.Former FBI Director James Comey, you may recall, announced days before the 2016 presidential election that he had “learned of the existence” of the emails on Weiner’s laptop .Weiner is the disgraced husband of Clinton aide Huma Abedin.Robertson alleges that the manner in which his higher-ups in the FBI handled the case was “not ethically or morally right.”His startling claims are made in a book titled, “October Surprise: How the FBI Tried...

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7d ago
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Exposing War Crimes Should Always Be Legal... Committing And Hiding Them Should Not

Exposing War Crimes Should Always Be Legal... Committing And Hiding Them Should Not

The Kafkaesque extradition trial of WikiLeaks founder Julian Assange continues, with  making it clearer than the day before that what we are watching is nothing other than a staged performance by the US and UK governments to explain why it’s okay for powerful governments to  about them.The Assange defense team is performing admirably, making the arguments they need to make to try and prevent an extradition that will set a precedent which will  and creating a chilling effect on all adversarial national security investigative journalism around the world. These arguments appear to fall on deaf...

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Tyler Durden
Sep 22
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Iran Will Not Renegotiate Nuclear Deal If Biden Wins Presidency, Demands Compensation: FM Zarif

Iran Will Not Renegotiate Nuclear Deal If Biden Wins Presidency, Demands Compensation: FM Zarif

There's little doubt that Iran's leadership is quietly hoping that Democratic nominee Joe Biden wins the US presidency in November, given at the current rate of Trump's maximum pressure campaign there seems no 'off ramp' or sanctions relief for the Islamic Republic.Iranian Foreign Minister Mohammad Javad Zarif issued some interesting statements on this subject Monday, saying of the 2015 nuclear deal previously brokered under Obama and his VP Biden, will never renegotiate the deal even if Biden takes the White House. He said at a virtual Council on Foreign Relations event that Washington...

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Tyler Durden
Sep 23
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Facebook Will Restrict Certain Users If US Election Gets "Extremely Chaotic Or Violent"

Facebook Will Restrict Certain Users If US Election Gets "Extremely Chaotic Or Violent"

Earlier this week, Facebook gave us a welcome break from the virtue-signaling by threatened to pull its business from Europe should courts uphold an EU-wide ban on transfering European user data to US-based servers (something Washington is desperately trying to stop TikTok from doing, in a sense).But that didn't last long. On Tuesday, the social media giant's head of global communications, former deputy PM Nick Clegg, told the Financial Times that the company is developing contingency plans should the US election lead to an outbreak of chaos and uncertainty. Though he didn't go into too...

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Tyler Durden
Sep 22
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NYPD Officer Arrested, Charged With Spying For China

NYPD Officer Arrested, Charged With Spying For China

A NYPD officer has been arrested and charged with acting as an agent of China, according to .Community affairs officer Baimadajie Angwang of the 111 precinct in Queens and a US Army Reservist at Fort Dix acted "at the direction and control" of CCP government officials operating out of the consulate in New York, and was reporting on the activities of ethnic Tibetans, according to the allegations against him.Angwang is accused of using his official position with the NYPD to give consulate officials access to senior NYPD officials. He is also accused of committing wire fraud, making false...

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Tyler Durden
Sep 21
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Does Edward Snowden Deserve A Pardon?

Does Edward Snowden Deserve A Pardon?

The global spotlight was cast upon Edward Snowden in 2013 after he blew the whistle on the National Security Agency’s (NSA) warrantless domestic surveillance programs. Working with The Guardian and Pulitzer Prize-winning journalist Glenn Greenwald, Snowden famously (or infamously, depending on one’s point of view) revealed that the NSA was illegally gathering information on tens of millions of Americans - citizens who had been accused of no wrongdoing. Now, Snowden’s case is once again in the news, as  that he will look carefully at “the Snowden situation,” going as far as  as to whether he...

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Tyler Durden
Sep 21
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Goldman: A Biden Win Will Accelerate Dollar Weakness

Goldman: A Biden Win Will Accelerate Dollar Weakness

In a Friday note from Goldman's FX strategy team, strategist Zach Pandl previews what is sure to be a "November to Remember" (even more so now in the aftermath of RBG's death and the SCOTUS vacancy which has profound implications for capital markets ), and frames in a generally optimistic note (similar to ), expecting more cyclical upside despite possible near-term weakness through an eventful autumn, to wit: "despite recent risk obbles, we continue to see our central growth forecast as consistent with further strength in cyclical assets, including equities, and more depreciation for the US...

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Tyler Durden
Sep 20
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Global Debt Is Exploding At A Shocking Rate

Global Debt Is Exploding At A Shocking Rate

The primary reason why the global financial system is on the verge of daily collapse, and is only held together with monetary superglue and central bank prayers thanks to now constant intervention of central banks, is because of debt. And, as BofA's Barnaby Martin succinctly puts it, much more debt is coming since "the legacy of the COVID shock is debt, debt and more debt." In short: use even more debt to "fix" a debt probem.So in this world of explosive credit expansion coupled with tumbling economic output where helicopter money has become the norm, central banks - and specifically the...

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Tyler Durden
Sep 20
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Mueller's 'Angry Democrats' Scrubbed Cell Phones After Russia Investigation

Mueller's 'Angry Democrats' Scrubbed Cell Phones After Russia Investigation

Over two dozen phones belonging to members of Robert Mueller's special counsel team were wiped clean before they were handed over to the Inspector General, according to information contained in of DOJ records released on Thursday.Andrew Weismann wiped two of his three Special Counsel's Office phones.He wiped one by accident.He wiped the other by entering the wrong password too many times.Has anyone ever wiped their phone by accident? Asking for a friend.— Ivan Pentchoukov (@IvanPentchoukov)Some of the phones were wiped using the Apple operating system's 'wrong-password' failsafe, where the...

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Tyler Durden
Sep 11
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2 Aides For Ilhan Omar Challenger Lacy Johnson Shot, 1 Killed

2 Aides For Ilhan Omar Challenger Lacy Johnson Shot, 1 Killed

Two campaign aides for Lacy Johnson, a Republican seeking to unseat Rep.  (D-Minn.), were shot in Minneapolis in broad daylight this week, including a 17-year-old boy.The teenager was rushed to the hospital, where he died a short time later from his wounds, a Minneapolis police spokesman said.Officials haven’t officially identified the deceased but his family and school named him as Andre Conley.“My nephew Andre did not deserve this,” Conley’s aunt, Fatemah Green, said at a vigil for the boy on Wednesday night, KARE 11 .Johnson said his campaign was in contact with the parents of the...

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Tyler Durden
Sep 17
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Premier League Soccer Abandons BLM "Political Movement"

Premier League Soccer Abandons BLM "Political Movement"

As American sports teams embrace the Marxism uber alles cause underlying the "Black Lives Matter" mantra spewed by every virtue-signaling celebrity and white liberal in the hopes of reaching further acceptance into whichever tribe of social media narcissists are 'trending' this week, the English Premier League has dared to drop its support for BLM (with capital letters).Premier League footballers are to continue their support for anti-racism on the pitch but will no longer be associated with Black Lives Matter.Policies supported by the organisation of the same name, including the defunding...

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Sep 17
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ActBlue Raises Millions In Suspicious Gift Card Donations

ActBlue Raises Millions In Suspicious Gift Card Donations

For all the complaining they do about so-called “dark money” in politics, it certainly appears that those on the left are eager to get a slice of the pie - even if they possibly have to engage in some “creative accounting” to make it seem as though everything is above-board. ActBlue is undeniably the cash cow of the progressive movement, boasting over $6 billion raised for favored candidates since 2004. The organization funneled more than $1.5 billion to leftist candidates in 2018 alone, and has moved almost $900 million to assist progressives thus far in 2019 and 2020.  Most of these...

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Tyler Durden
Sep 16
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California's Governor Makes Ominous Prediction For America

California's Governor Makes Ominous Prediction For America

California’s governor made a rather ominous prediction this weekend when he told an interviewer that “California is America. . . fast forward.”He was talking specifically about the wildfires that have ravaged his state – a warning that the natural disasters that natural disasters will soon plague the rest of the country too, thanks to climate change.But his comment should really be taken more broadly… because California really is a snapshot of America in the near future.Just like America, there are a lot of incredible things about California. It’s home to some of the biggest, most...

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Tyler Durden
Sep 15
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"I Am The Target": Silenced Chinese Virologist Tells Tucker COVID-19 Intentionally Released, CCP Trying To 'Disappear' Her

"I Am The Target": Silenced Chinese Virologist Tells Tucker COVID-19 Intentionally Released, CCP Trying To 'Disappear' Her

Hours after her for, we assume, presenting that SARS-CoV-2 was created in a Wuhan lab, Chinese virologist Dr. Li-Meng Yan appeared on "Tucker Carlson Tonight," where she told the Fox News host that the virus is a "Frankenstein" which was designed to target humans which was intentionally released."It could never come from nature," she Yan - an MD/PhD who worked with coronavirus at the University of Hong Kong"There is evidence left in the genome" - which Yan detailed in a 26-page scientific paper co-written with three other Chinese scientists. "They don't want people to know this truth. Also,...

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Tyler Durden
Sep 16
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Drudge Report Continues Historic Readership Collapse, Down 40% Year Over Year In August

Drudge Report Continues Historic Readership Collapse, Down 40% Year Over Year In August

Matt Drudge's Drudge Report website continues what has been a historic crash in viewership in August.The site's traffic in August fell to 63 million readers, down from 66 million in May, according to . Just months ago, in September 2019, the site was regularly garnering 95 million readers.Comscore data also put Drudge's viewers at 1.488 million unique visitors in July, down 38% from July of 2019, according toAbout a year ago, in August 2019, the site was posting "well over 100 million" readers. The site's recent numbers mark a steep 40% decline year over year. They also mark Drudge's lowest...

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Tyler Durden
Sep 15
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Bill Gates Slams FDA, Doubts Agency Can Be Trusted With COVID-19 Vaccine

Bill Gates Slams FDA, Doubts Agency Can Be Trusted With COVID-19 Vaccine

Bill Gates just ratcheted up his PR campaign to sow doubts about President Trump's alleged 'political meddling' with the FDA, while also placing him in league - if only temporarily - with the vaccine skeptics Gates frequently rails against. During an interview with Bloomberg News, the Microsoft founder and Gates Foundation chairman, who has persisted in his defenses of the WHO despite growing evidence of missteps, attacked the FDA's credibility, claiming that he no longer believes the FDA is 'the world's premier public-health authority', as Bloomberg says during the opening paragraph of the...

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Sep 15
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Exhaustive Pentagon Review Finds No Evidence For NYTimes' "Russian Bounties" Story

Exhaustive Pentagon Review Finds No Evidence For NYTimes' "Russian Bounties" Story

There's been huge efforts to validate The New York Times "bombshell" that wasn't — concerning its summer reporting that Russia secretly offered bounties to the Taliban to kill US troops in Afghanistan.Two months ago the Pentagon vowed to get to the bottom of it, launching a review of all intelligence and sources which might provide corroboration. And now at the end of that investigation Gen. Frank McKenzie, commander of the U.S. Central Command overseeing the war in Afghanistan, the detailed investigation found no corroboration of the story.Recall that from the start the whole thing smelled...

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Tyler Durden
Sep 14
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Charles Hugh Smith

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