The Flip Side

The wry side of finance… and more
Live RSS Flip Side News feeds by ZeroHedge | The Daily Crux | The Daily Currant

17-Aug-2017 Intellasia | The Flip Side | 1:05 AM
Shortages are becoming ever more severe in Venezuela. As Deutsche Welle reports, according to the World Health Organization, hospitals lack 95% of necessary medicines. Many people are undernourished and they [...]
Source: Zerohedge
17-Aug-2017 Intellasia | The Flip Side | 12:40 AM
After weeks of speculation about his future, Trump White House Chief Strategist Steve Bannon has broken free of his self-imposed exile, unloading a torrent of Scaramucci-esque comments to none other [...]
Source: Zerohedge
17-Aug-2017 Intellasia | The Flip Side | 12:15 AM
Last October Jay Sekulow of the American Center for Law and Justice (ACLJ) received the following letter from the FBI regarding his FOIA request for any documents related to the [...]
Source: Zerohedge
16-Aug-2017 Intellasia | The Flip Side | 11:50 PM
Authored by Mike Krieger via Liberty Blitzkrieg blog,
I don’t live in an echo chamber, partly because there aren’t enough people out there who think like me, but also because I constantly and intentionally attempt to challenge my [...]
Source: Zerohedge
16-Aug-2017 Intellasia | The Flip Side | 11:40 PM
The following article by David Haggith is from The Great Recession Blog: Countering recent US sanctions and President Trump’s talk of ending the “bad” nuclear agreement with Iran, Iran’s president threatened [...]
Source: Zerohedge
16-Aug-2017 Intellasia | The Flip Side | 11:28 PM
As we showed earlier today, last Thursday's unexpected, historic VIX explosion, driven by a surge of geopolitical worries about North Korea, and subsequent collapse was remarkable in both how fast [...]
Source: Zerohedge
16-Aug-2017 Intellasia | The Flip Side | 11:25 PM
Now that Trump's "Russian collusion" ties, and various assorted Congressional hearings on the topic have quietly moved away from the front pages, there is a new hot topic in the [...]
Source: Zerohedge
16-Aug-2017 Intellasia | The Flip Side | 11:00 PM
Authored by James Rickards via The Daily Reckoning, Visa recently unveiled its own offensive in the war on cash. Visa is offering certain merchants a $10,000 reward if they refuse to accept cash in the future. Not surprisingly, Visa’s competitor is also part of the war on cash. Mastercard is increasing its efforts to encourage merchants to refuse cash. Here’s Bloomberg, quoting the CEO of Mastercard: “Mastercard Chief Executive Officer Ajay Banga has been one of the most ardent supporters of ditching paper currency in the U.S. The 57-year-old first declared his war on cash in 2010.” These private efforts by Visa and MasterCard exist side by side with official efforts to eliminate or discourage the use of cash coming from governments in India, Australia, Sweden as well as the United States. These efforts are always portrayed in the most favorable light. Private parties talk about convenience and lower costs. Governments talk about putting pressure on tax cheats, terrorists and criminals. Governments always use money laundering, drug dealing and terrorism as an excuse to keep tabs on honest citizens and deprive them of the ability to use money alternatives such as physical cash and gold.
But the so-called “cashless society” is just a Trojan horse for a system in which all financial wealth is electronic and represented digitally in the records of a small number [...]
Source: Zerohedge
16-Aug-2017 Intellasia | The Flip Side | 10:35 PM
The S&P 500 has not seen a drawdown of more than 3% since the election last November. As PensionPartners' Charlie Bilello notes, this is the second longest run in history... The [...]
Source: Zerohedge
16-Aug-2017 Intellasia | The Flip Side | 10:25 PM
Update 3: According to the WSJ, Blackstone's Steve Schwarzman called Trump to tell him council was disbanding. Then Trump tweeted he was disbanding it. One of the councils had planned [...]
Source: Zerohedge
16-Aug-2017 Intellasia | The Flip Side | 7:10 PM
"For years, it was a great business. But those days are over..." [...]
Source: The Daily Crux
16-Aug-2017 Intellasia | The Flip Side | 6:36 PM
"We're as curious as anyone; we want to see how it turns out. In the meantime, we'll hold on to our gold..." [...]
Source: The Daily Crux