In your opinion, what does this blog need more of?

Monday, August 31, 2015

Hoo boy! A Rationalwiki article on Zerohedge?


Rationalwiki - Zerohedge. Ha, this is funny reading. Here's the intro alone:


Zero Hedge[1] is a batshit insane Austrian economics-based finance blog run by a pseudonymous founder who posts articles under the name "Tyler Durden," after the character from Fight Club by Chuck Palahniuk. It has accurately predicted 200 of the last 2 recessions.
Tyler claims to be a "believer in a sweeping conspiracy that casts the alumni of Goldman Sachs as a powerful cabal at the helm of U.S. policy, with the Treasury and the Federal Reserve colluding to preserve the status quo." While this is not an entirely unreasonable statement of the problem,[2] his solution actually mirrors the anatagonist in Fight Club: Tyler wants, per Austrian school ideas, to lead a catastrophic market crash in order to destroy banking institutions and bring back "real" free market capitalism.[3]
The site posts nearly indecipherable analyses of multiple seemingly unrelated subjects to point towards a consistent theme of economic collapse any day now. Tyler seems to repeat The Economic Collapse Blog's idea of posting blog articles many times a day and encouraging people to post it as far and wide as humanly possible. Tyler moves away from the format of long lists to write insanely dense volumes[4] filled with (often contradicting) jargon that makes one wonder if the writers even know what the words actually mean.[5] The site first appeared in early 2009, meaning that (given Tyler's habit of taking a shit on each and every positive data point), anyone listening to him from the beginning missed the entire 2009-2014 rally in the equities market.
The only writer conclusively identified is Dan Ivandjiiski, who conducts public interviews on behalf of Zero Hedge.[6] The blog came online several days after he lost his job at Wexford Capital, a Connecticut-based hedge fund (run by a former Goldman trader). And chose his pen name from a nihilistic psychotic delusion.
Zero Hedge is not quite the NaturalNews of economics, but not for want of trying.

I especially like how "consistent theme of economic collapse any day now" links to an article on Peter Schiff.

There truly are more people like me out there in the world!


No comments:

Post a Comment