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Clinton Campaign Calls For Intel Briefing Ahead Of Electoral College Vote

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By Tyler Durden

And there it is.

Just as we first laid out on Saturday following Friday night’s shock “report” that the CIA had concluded Russia had intervened in the presidential election on behalf of Trump, which we quickly assessed had all the marks of a “soft coup” attempt, and which culminated most recently with a report that up to 10 electors had requested a briefing on “Russian Interference” before the presidential vote, moments ago none other than the Clinton campaign, by way of its top political adviser John Podesta, said the campaign is supporting an effort by members of the Electoral College to request an intelligence briefing on foreign intervention in the presidential election, Politico reported.

In his statement released on Monday, Podesta said “The bipartisan electors’ letter raises very grave issues involving our national security,” and added that “electors have a solemn responsibility under the Constitution and we support their efforts to have their questions addressed.”

“Each day that month, our campaign decried the interference of Russia in our campaign and its evident goal of hurting our campaign to aid Donald Trump. Despite our protestations, this matter did not receive the attention it deserved by the media in the campaign. We now know that the CIA has determined Russia’s interference in our elections was for the purpose of electing Donald Trump. This should distress every American.”

Podesta’s statement is the first public statement from the Clinton campaign raising questions about the legitimacy of Donald Trump’s victory.

It follows the previously reported open letter from 10 presidential electors, including Democratic Leader Nancy Pelosi’s daughter Christine, requesting an intelligence briefing ahead of the Dec. 19 vote of the Electoral College.

Shortly after Podesta’s statement, the Democratic National Committee disseminated a Politico story that revealed the electors’ call for a briefing. Two Democratic members of Congress have also suggested the Electoral College should take an active role in reassessing, or stopping, a Trump presidency.

It was unclear which particular agency would provide the briefing, if it was permitted, especially in light of reports that there has been a shcism between the CIA and FBI in their interpretation of whether Russia had indeed intervened directly to push for a Trump election.

While so far no proof has been revealed by the CIA substantiating its claim, it is likely that should the Clinton Campaign’s request for a “breifing” be granted, that it would lead to a dramatic split among the already polarized US nation. As to whether the Electoral College would vote against Trump, we leave it up to readers to consider the possible, and very damaging for the US, consequences.

…read more

Source: Clinton Campaign Calls For Intel Briefing Ahead Of Electoral College Vote

    

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Hey Parents, your kids could get a call from North Pole

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Parents can schedule a call with Santa’s little helpers. …read more

Source: Hey Parents, your kids could get a call from North Pole

    

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Jeff Bezos, Tim Cook among execs to meet with Trump

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Powerful tech leaders have accepted invitations to meet with Donald Trump on Wednesday in New York City. …read more

Source: Jeff Bezos, Tim Cook among execs to meet with Trump

    

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Why The Mainstream Media Is Freaking Out

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By Tyler Durden

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

In a democracy, trust must be earned. It cannot be imposed.

In its panicky rush to demonize the independent media via baseless accusations of “fake news,” the mainstream press has sunk to spewing “fake news” of its own.

Here's The Washington Post's criminally false “fake news” article in case you missed it: Russian propaganda effort helped spread ‘fake news’ during election, experts say.

So-called “fake news” was perfectly acceptable to the mainstream media when it was the exclusive purview of the central state. The infamous Gulf of Tonkin Incident in August 1964 that was used to justify a massive escalation of the heretofore limited war in Vietnam was heavily promoted by the mainstream media of the day.

Within hours of the incident, Navy commanders had notified the Pentagon that the entire incident was very likely illusory, a “fog of war” error.

Decades later, the mainstream media swallowed the Executive Branch's “weapons of mass destruction” justification for the 2003 invasion of Iraq as well. Even more egregiously, the mainstream media parroted the central bank/state's narrative about the Global Financial Meltdown of 2008, missing the systemic fraud and embezzlement at the heart of America's financial system.

Why is the mainstream media freaking out right now? The MSM had bet all its diminishing chips of credibility on Hillary Clinton winning the Presidency. Leading newspapers such as The New York Times ceaselessly undermined Bernie Sander's campaign in favor of Hillary Clinton, a bias visible throughout the mainstream media. (When Bernie won a primary by a substantial margin, the smallish NYT headline would read something like “Sanders edges Clinton.” When Clinton won a primary by a slim margin, the NYT would declare in large typeface “Clinton regains momentum.” Do you see the not-so-subtle bias?)

The same was true regarding Donald Trump. Of the 100 largest newspapers in the nation, not one came out in favor of him — a one-sided media bias that is unprecedented in recent U.S. history.

The MSM has awakened to the reality that the monopoly they once held on a captive audience has eroded to the point of ineffectiveness.

— In 1964, the media could easily convince the American people that the Vietnam misadventure was “necessary.”

— The media could still sell the American people that the Iraq misadventure was also “necessary” in 2002.

— In 2016, the media went “all-out” to sell the inevitability and rightness of a Hillary Clinton presidency. What should have been a slam dunk ended up in defeat.

The fundamental dynamic here is the transition from a captive audience in thrall to a handful of media corporations to a radically democratized media. In 1964, Americans had essential zero alternatives to the three TV networks and the mainstream magazines and newspapers.

A few hardy souls subscribed to newsletters from muckrakers such as I.F. Stone, but independent journals and journalists were marginalized.

Any journal that published investigative journalism that called the dominant narratives into question (for example, Ramparts magazine in the late 1960s and early 1970s) attracted the ire of the …read more

Source: Why The Mainstream Media Is Freaking Out

    

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Jose Canseco’s ‘Big League’ Advice For Trump: "Give Me Control Of The Fed"

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By Tyler Durden

Former baseball legend and budding Wall Street strategist Jose Canseco has some 'big league' advice for president-elect Donald Trump this morning.

In a series of late-night tweets, Canseco outlined why he should be the next Fed head (remember in February, Canseco tweeted that the Bank of Japan's “dumb move” to cut rates deeper into negative territory would fail to boost inflation) …

Hey brother @realDonaldTrump give me control of the Fed and we will make the economy great again. Dow at 40k in 4 Years. #Yeswecanseco

— Jose Canseco (@JoseCanseco) December 12, 2016

Offered some advice for investors…

Also amigo @realDonaldTrump keep the people away from S&P index funds – they have REIT crap in them that's going to burst with rates rising

— Jose Canseco (@JoseCanseco) December 12, 2016

Finally the major league slugger also offered his services as Ambassador to Cuba…

Hey little buddy @realDonaldTrump good pick on bobby for Japan. I would be open to Ambassador of Cuba job or Fed Chair. See u soon

— Jose Canseco (@JoseCanseco) December 12, 2016

So far no response from Trump but as politics and celebrity grow ever closer, we wouldn't rule Canseco's chances out at this point… #YesWeCanseco

…read more

Source: Jose Canseco’s ‘Big League’ Advice For Trump: "Give Me Control Of The Fed"

    

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Eurozone Day Of Reckoning Coming Soon: Showdown Between Italy And Germany Looms

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By Tyler Durden

one-day

Submitted by Michale Shedlock via MishTalk.com,

The eurozone cannot survive without Italy. The serious problem at the moment is the Eurozone also cannot survive with Italy.

Two of Italy’s three largest parties are anti-Euro. The only party in Italy that does support the euro is ex-prime minister Matteo Renzi’s Democratic Party. And with Renzi gone, there’s a huge risk the party splinters.

Regardless, there are no likely scenarios that can keep things from flying apart according Wolfgang Münchau. I believe his analysis is solid.

Münchau makes a detailed case why the eurozone is doomed in Italy Poses a Huge Threat to the Euro and Union.

He lists five ways the Eurozone can stay intact. However, none of them stands up to close scrutiny.

  1. Italy and Germany could converge. To do this, Italy would need to undertake economic reforms to clean up the justice system and the public administration, cut taxes and invest in productivity-increasing technologies. Germany would need to run a higher fiscal deficit.
  2. The northern European states accept large fiscal transfers to the south.
  3. The EU creates a federal political authority with powers to raise taxes in order to transfer income from high to low-income earners.
  4. The ECB finds a way to bankroll Italian public and private debt indefinitely.
  5. Italy’s government will forever continue to support euro membership.

Only one of those five conditions may be sufficient for Italy to remain a member of the euro. The problem is that each one is extremely improbable. And I cannot think of a sixth one,” says Münchau.

However, the consensus opinion is that Italy will not leave the Eurozone because the deck is stacked against that event.

The Italy won’t leave rationale looks like this:

  • The Five Star Movement (M5S) would have to get into power, but the new technocrat government’s first mission is to rig the rules so that does not happen.
  • Even if M5S wins the lower parliament, it still may not control the senate.
  • Even if M5S takes complete control of parliament, it would have to change the constitution.
  • Changing the constitution without a super majority would require a vote.

The problem with the above thesis is there is only one party that wants to keep the Euro and coalitions will form if for no other reason than people are fed up.

Showdown with Germany

According to Münchau

The next Italian prime minister will need to explain to the next German chancellor, presumably Angela Merkel, that her choice will not be between a political union or no political union, but between a political union or Italy’s withdrawal from the euro.

Would it even be Merkel’s choice to make? I think not, it would take a German constitutional change. And nNot only would Germany have to go along, so would every other nation in the Eurozone.

German politicians would not agree, and even if they would, it’s likely Italy would never present the demand, at least as implied above.

Italy will simply hold a referendum. That would be the demand. By then it would likely be too late.

Biggest Default in History

The latter would imply the biggest default in history. The …read more

Source: Eurozone Day Of Reckoning Coming Soon: Showdown Between Italy And Germany Looms

    

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Trump Officially Nominates Retired Marine General John Kelly As Homeland Security Secretary

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By Tyler Durden

JOhn Kelly

This morning Trump has confirmed his intention to nominate retired Marine General John Kelly to head the Department of Homeland Security, a pick that had been rumored for days. In a statement, Trump highlighted Kelly’s experience in defending the homeland from threats of terrorism and said that he was the right person to “spearhead the urgent mission of stopping illegal immigration and securing our borders.”

“Gen. John Kelly’s decades of military service and deep commitment to fighting the threat of terrorism inside our borders makes him the ideal choice to serve as our Secretary of the Department of Homeland Security.”

“He is the right person to spearhead the urgent mission of stopping illegal immigration and securing our borders, streamlining TSA and improving coordination between our intelligence and law enforcement agencies. With Gen. Kelly at the helm of DHS, the American people will have a leader committed to our safety as well as one who will work hand-in-hand with America’s rank-and-file TSA, ICE and Border Patrol officers.”

Per The Hill, Kelly vowed to “take back sovereignty at our borders and put a stop to political correctness.”

“The American people voted in this election to stop terrorism, take back sovereignty at our borders, and put a stop to political correctness that for too long has dictated our approach to national security,” Kelly said in a statement. “I will tackle those issues with a seriousness of purpose and a deep respect for our laws and Constitution.”

Before retiring last winter, Kelly served as the head of U.S. Southern Command, where, among other things, he oversaw Guantánamo Bay. According to The Hill, Kelly built a reputation as a blunt critic of the Obama administration and was often accused to taking actions intended to obstruct the administration’s efforts to close Guantánamo. John Kelly’s son, Robert, was killed in combat in Afghanistan.

Immigration hard-liners had been routing for Trump to appoint Kansas Secretary of State Kris Kobach as head of the Department of Homeland Security. Kobach was generally viewed as the candidate most likely to draw the hardest line on illegal immigration after helping to draft one of the toughest pieces of immigration law in the country, Arizona’s SB 1070, which requires law enforcement officers to demand to see the immigration papers of anyone they suspected of being in the country illegally.

By choosing Marine General John Kelly, immigration experts fear that the Trump administration will focus more on border security, as it relates to terrorist threats, but will not emphasize the deportation of the millions of illegal citizens already in the country.

Still others, including the ever skeptical New York Magazine, view Kelly simply as a “Trojan Horse” who has a better chance at Senate Confirmation for the top DHS position but will then use that role to appoint an immigration hard-liner, like Kobach, to the Deputy Secretary position.

Perhaps most important, Kelly is not Kris Kobach, the fiery crusader against immigration “amnesty,” alleged voter fraud, and nefarious Muslim plots to rob Americans of …read more

Source: Trump Officially Nominates Retired Marine General John Kelly As Homeland Security Secretary

    

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Global Stocks, Bonds Slide; China Tumbles As Oil Surges To 17 Month High

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By Tyler Durden

In a quiet start to the week, European, and Asian stocks fell with S&P futures fractionally in the red, as Chinese markets tumbled the most since June and crude oil surged, even as the Nikkei erased all losses for 2016 on continued weakness in the Yen.

The big story continues to be crude oil which surged 5% to the highest in 17 months, with WTI and Brent trading near $54 and $57 respectively, following Saturday’s agreement by NOPEC (mostly Russia and Oman) nations to cut as much as 600kbpd in production as described in Saudi “Shock And Awe” Sparks Buying Panic In Crude – WTI At 17-Month Highs.

Oil jumped after after Saudi Arabia, whose output just hit a new all time high when it told OPEC it pumped 10.72 million barrels per day last month, up from 10.625 million bpd in October, signaled it will cut output by more than previously agreed amid a weekend deal to tackle oversupply with competitors such as Russia. Longer-dated securities led declines as government bonds around the world tumbled, while climbing energy shares bucked a drop in Europe’s wider benchmark stock gauge.

The jump in oil continues to push up the outlook for global inflation, sending 10-year Treasury yields above 2.5% for the first time since October 2014, as longer-dated government bonds around the world tumbled. The prospect of increased price pressures is filtering through into the market’s outlook for central-bank policy, with traders seeing 100 percent odds of a rate hike at this week’s Federal Reserve meeting, and a two-in-three chance of additional tightening by June, according to Bloomberg calculations based on fed fund futures.

“The spike in oil is behind the further cheapening in global bonds,” said Craig Collins, managing director of rates trading at Bank of Montreal in London. “It’s a foregone conclusion that we’re going to have a 25 basis-point rate hike.”

China stocks suffered their biggest fall in six months as blue chips were knocked by fresh regulatory curbs to rein in insurers’ aggressive stock investments and rising bond yields prompted profit-taking in equities. China’s insurance regulator, which recently warned it would curb “barbaric” acquisitions by insurers, said late on Friday it had suspended the insurance arm of China’s Evergrande Group from conducting stock market investment.

The Shanghai Composite Index sank the most since June as a gauge of smaller companies in Shenzhen plunged more than 5%, and the ChiNext index slumped 5.5% amid concerns about the outlook for the property market, while intermarket liquidity tightened, with various funding indicators once again showing funding stress and rising tightness as regulators continued their crack down on insurers’s stock investments and Donald Trump raises concern about a possible trade war, said Ken Peng, Asia investment strategist at Citigroup Global Markets Asia. Hong Kong’s Hang Seng Index slipped 1.5%.

“The decline in stocks was the result of amplified impact on market sentiment after the cumulative events of higher government bond yields, a weaker yuan against the dollar and regulatory …read more

Source: Global Stocks, Bonds Slide; China Tumbles As Oil Surges To 17 Month High

    

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China’s richest man warns Trump of risk to jobs

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Wang Jianlin’s message to Donald Trump is that U.S. jobs could be at risk if limits are placed on Chinese investment. …read more

Source: China’s richest man warns Trump of risk to jobs

    

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Venezuela replacing its cash with coins

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President Nicolas Maduro said all 100 bolivar notes will be replaced by coins within 72 hours. …read more

Source: Venezuela replacing its cash with coins

    

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