Mainstream financial media tries to destroy Zero Hedge … but fails. The independent media continues to explode in popularity
by: J. D. Heyes
NaturalNews.com
Monday, May 02, 2016
Anytime a mainstream media outlet gets an opportunity to take cheap shots at an alternative media rival, especially one that is extremely influential, profitable and popular, they’ll do it. And that’s what happened last week, when Bloomberg decided that a single, mentally unstable source would make a great basis for a hit piece against a financial news rival, Zero Hedge.
Full disclosure: We here at Natural News have often used Zero Hedge and the analysis by its team of writers as sources for our own stories, because the site has proven time and again to be accurate and up-front about its positions. But apparently the editors at Bloomberg think that kind of reliability is a threat, and so, the hit piece.
Following a productive, personally profitable and topsy-turvy year as one of the writers using the pseudonym “Tyler Durden,” a.k.a. Brad Pitt’s character in the cult classic “Fight Club,” Colin Lokey – who said he was paid $6,000 a month and a $50,000 bonus at year’s end in 2015 – decided to “out” his shadowy co-writers and the site’s creator: Daniel Ivandjiiski, 37, the Bulgarian-born former analyst long reputed to be behind the site, and Tim Backshall, 45, a well-known credit derivatives strategist.
Ivandjiiski, long thought to have been Zero Hedge’s creator, was named in a New York Magazine hit piece on the site in 2009, following his correct prediction that Goldman Sachs employees were plotting to manipulate the stock market in ways that would make them personally wealthy. But Backshall was a surprise to many; all three, according to Lokey, wrote under the “Durden” pseudonym.
Capitalism good, capitalism bad?
The Rest…HERE
