Why Europe Matters… And How Spain Could Wipe Out Your 401(k)

Zerohedge Many people have been writing in to ask me, “why are you focusing on Europe so much? Who cares about Spain?”   The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which would mean the US facing a…
Continue Reading

Spain And Italy Are Toast Unless Germany Allows The ECB To Print Trillions Of Euros

The Economic Collapse The financial chess game in Europe is still being played out, but in the end it is going to boil down to one very fundamental decision. Is Germany going to allow the ECB to print up trillions of euros and use those euros to buy up the…
Continue Reading

Drilling discovers ancient Antarctic rainforest

Yahoo! News Drilling of the seabed off Antarctica has revealed that rainforest grew on the frozen continent 52 million years ago, scientists said Thursday, warning it could be ice-free again within decades. The study of sediment cores drilled from the ocean floor off Antarctica's east coast revealed fossil pollens that…
Continue Reading

Knight Capital Averts Collapse, Beats Clock On Credit Line, Saves Economy A Shock Wave

CNBC After a series of potentially devastating events befell Knight Capital Group, the market-making titan finally got a piece of good news on Friday: two key brokerage partners were back online. TD Ameritrade and Scottrade, two of the nation’s largest online brokers, said that, following a trading freeze, they had…
Continue Reading

TD Ameritrade Resumes Trading With Knight Hours Before Credit Line Expires; $440 MM Cash Outflow Looms

Zero Hedge Knight's credit line expires in 90 minutes. All day it has been a dark box, with virtually no trades coming in or leaving. The company is scrambling, so what happens: some much needed good news finally hits the tape following a TD Ameritrade announcement it has resumed trading…
Continue Reading

China PMI Misses And Prints Lowest In 8 Months With 10 Of 11 Sub-Indices Contracting

Zero Hedge Submitted by Tyler Durden on 07/31/2012 21:29 -0400 UPDATE: China's HSBC PMI came at (slightly below the Flash print) but up from last month The seemingly exuberant levels of the China Manufacturing PMI data when compared to HSBC's Manufacturing PMI have largely disappeared now as the two are…
Continue Reading

30 Global News Events The Batman Massacre Allows The American Media To Ignore

WTF News Baran Hines The essence of the information war is the timely interjection, distortion or omission of news events. Reports can minimize, omit or basically bury key news stories that require analysis while magnifying others which are of lesser importance to the keen, analytical mind. While the Batman massacre…
Continue Reading

Spanish rallies turn violent as 1 million+ people protest in 80 cities

Spanish police have clashed with protesters marching against the latest batch of austerity measures. Over a million public employees, trade union members and fed-up citizens have taken to the streets in over 80 Spanish cities. ­Violence erupted in Madrid around midnight after dozens of protesters reached the city’s Puerta del…
Continue Reading

Google Adding DNSChanger Malware Warnings to Search Results

PC Mag Google today pledged to warn users whose computers or home routers appear to be infected with the DNSChanger malware. The roughly half a million devices still infected with DNSChanger will receive warnings atop their search results that provide steps for removing the malicious software from their machines. What's…
Continue Reading

India Begins To Show Stress Fractures Of Inflation

Bloomberg News India is likely to face elevated inflation risks from supply bottlenecks and lingering threats to economic expansion, the Reserve Bank of India said.   “Threats to stability are posed by the global sovereign debt problem and risk aversion, domestic fiscal position, widening current-account deficit and structural aspects of…
Continue Reading

Secretary Of Defense Panetta Downplays Troop Buildup On Turkey-Syria Border

The Pentagon does not see Turkey's recent military buildup along its border with Syria as a precursor to war between the neighboring countries, Defense Secretary Leon Panetta said on Friday. "I wouldn't read too much into movements," Panetta told reporters at the Pentagon, noting that Turkish forces continually maintained forces…
Continue Reading

Rapper Jay Electronica Causing Some Serious Embarrassment For The Rothschild Family?

Daily Mail Surely this is not acceptable, the things people might After a very public break up played out in front of millions online, Kate and Ben Goldsmith finally called a truce on their war of words on Twitter. But it was only so long before the rapper who came…
Continue Reading

Object Recognition: Google Touts Artificial Brain’s Ability To Identify Cat Videos On Youtube

Wired UK When computer scientists at Google’s mysterious X lab built a neural network of 16,000 computer processors with one billion connections and let it browse YouTube, it did what many web users might do — it began to look for cats. The “brain” simulation was exposed to 10 million…
Continue Reading

Projected Fallout From The Potential Breakup Of The Eurozone

June 25, 2012 As the following image from Spiegel summarizes, three things will happen simultaneously when the unthinkable finally occurs: i) economic output plummets, ii) unemployment rate soars, and iii) consumer prices explode. Of course, this is nothing but merely deferred consequences for Europe partying for over a decade under…
Continue Reading

Turkey Claims Syria Attacked All Of NATO By Shooting Down Jet

Washington Times ANKARA, Turkey — Turkey said Monday it would push NATO to consider Syria’s downing of a Turkish jet as an attack on the whole military alliance. The announcement came on the eve of a meeting by NATO’s governing body to discuss the incident. Despite deep frustration among many…
Continue Reading

Markets Tumble As Socialist Kool-Aid Fails To Materialize

Zero Hedge S&P 500 e-mini futures are over 20pts below their day-session closing highs on Friday as energy and financials lead the plunge. The major financials appear to have finally woken up to the hypothecated reality of huge collateral calls on the back of their downgrades, the lack of a…
Continue Reading

Stocks Sell Off Globally As the Euro Debt Morass Has No Solution In Sight

Bloomberg News stocks fell, after last week’s drop in the Standard & Poor’s 500 Index, on concern a European Union summit will fail to tame the region’s debt crisis. Financial (S5FINL) and energy shares fell the most among 10 S&P 500 groups. Bank of America Corp. (BAC) and Chevron Corp.…
Continue Reading

Turkey Claims Syria Fired On Second Turkish Jet, Says “Act Won’t Go Unpunished”, Has Invoked NATO Articles 4 And 5

The embers of World War 3 are burning hotter as news of a second engagement incident over Syria sparks more controversy Via Zero Hedge At this point even those who have never heard of the Gulf of Tonkin know where this is headed: SYRIAN ACT 'WON'T GO UNPUNISHED,' TURKEY'S ARINC…
Continue Reading

Chinese Counterfeit $35 Million Worth of Italian Train Tickets

By PHOEBE NATANSON ROME - Italian police are not surprised when they find counterfeit goods from China, but were taken aback to find $35 million worth of counterfeit train tickets for Rome's "Leonardo express" train on a ship that arrived from China. Police in the Tuscan port of Livorno discovered…
Continue Reading

Iraq: Police Crackdown On Press, To Close Some Media Outlets

aqi police are under orders to shut down a number of foreign and local media outlets across the country, reports Iraqi journalist rights group. The BBC and Voice of America are just some of the prominent television channels targeted by the order. The Journalistic Freedoms Observatory (JFO) says it has…
Continue Reading

Downed Turkish Jet Will Be Used By West to Draw Turkey Into Bilderberg and NATO’s Plan

Patrick Henningsen Details regarding today’s reports of a Turkish Jet which lost contact with air traffic control over Syrian airspace and crashed into Syrian territorial waters, are still unclear. It is not known whether the jet was shot down or not. According RT, Turkish President Erdogan “did not confirm reports that…
Continue Reading

Sir Richard Branson Clarifies His Position On Carbon Taxes On The Airline Industry

National Review David Rothbard Words flew as CFACT’s Craig Rucker and Sir Richard Branson squared off at the Rio+20 Earth Summit in Brazil. Surrounded by Greenpeace activists, Branson was leaving the Greenpeace press conference just as Rucker was entering for CFACT’s press event. Rucker seized the opportunity to confront the…
Continue Reading