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Archive for the ‘Uncategorized’ Category

"We Are Watching The Long Game To Total Censorship Play Out"

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By Tyler Durden

“I don’t believe any of this is a coincidence at all,” explains TruthStream’s Melissa Dykes.

“This is a coordinated effort to take everything that the government does not want people sharing online and slap labels on it: ‘hate speech’, ‘cyber bullying’, ‘fake news’, and now ‘Russian propaganda’ – mix it all together in a giant ball and justify censoring it. You can see, when you take a step back, how coordinated this effort really is.”

Simply put, she warns “we are watching the long-game to total censorship play out…”

…read more

Source: "We Are Watching The Long Game To Total Censorship Play Out"

    

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CNN’s Stelter: Trump Win Is A "National Emergency"

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By Tyler Durden

Submitted by Edmund Kozak via Lifezette.com,

Those who expected the mainstream media to pause and reflect on its own biases following President-Elect Donald Trump’s victory are surely disappointed.

It has become inescapably clear that rather than attempt to break free from the ideological echo chamber in which they exist, liberal journalists in the mainstream media are only doubling down on progressive propaganda — descending ever further into self-parody.

Enter Exhibit A above: an astonishing exchange between CNN's media analyst Brian Stelter and journalists Liz Wahl and Julia Ioffe that occurred on Sunday. In that one conversation, Wahl insisted Trump's win undermined “our democracy,” Ioffe expressed bewilderment at the fact that the people no longer take the mainstream media's word as sacrosanct, and Stelter implied that Trump's impending presidency is a national emergency.

“That is the ultimate goal [of Russian 'disinformation'], to undermine democracy, to undermine faith in our institutions, like the media,” Wahl told Stelter. “We have a president-elect now who has basically matched some of these key talking points in Russian propaganda to undermine our system.”

Of course, the primary cause Americans lost faith in the mainstream media is the outrageous behavior of the mainstream media itself — for example asserting that Donald Trump has “[undermined] our system” by parroting Russian propaganda.

“Let's go there. Let's go there directly,” Stelter said.

“I mean, here's something I've been asking myself. Julia, we're talking about a candidate who's lost in a historic way in terms of the popular vote but clearly won in the Electoral College. Is this something of a national emergency? And are journalists afraid to say so because they're going to sound partisan?” Stelter asked.

Stelter's comment is so absurd for a figure masquerading as an impartial journalist that a casual observer could be forgiven for thinking he was attempting to troll the audience. Either Stelter believes that the Electoral College's working in the precise manner in which it was designed is a national emergency, or he believes that the fact Trump was able to win despite the nonstop barrage of mainstream media propaganda is a national emergency.

The latter certainly appeared to be Ioffe's position. “I feel like we've been reporting on this all along but … people don't read us,” Ioffe noted before attacking “fake news” — progressives' hot new term for anything that challenges their approved ideological narrative. “We're writing about it but, A) people aren't listening and, B) they don't believe us.”

…read more

Source: CNN’s Stelter: Trump Win Is A "National Emergency"

    

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Boeing’s Iran deal won’t prevent production cut

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A day after finalizing a deal with Iran Air for 80 aircraft, Boeing says it is cutting output next year of its long-range 777 airliner. …read more

Source: Boeing’s Iran deal won’t prevent production cut

    

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Get your boring car into the holiday spirit

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How about a 2.5-foot tall Christmas tree that sticks straight up from the roof of your car complete with colored lights that shine at night? This is what you want. …read more

Source: Get your boring car into the holiday spirit

    

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Two New Jersey Traders Arrested For Manipulating $10 Billion Worth Of Stocks, Making $26 Million In Profit

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By Tyler Durden

The SEC continued its crackdown against market-manipulating masterminds today, when it charged two New Jersey-based traders, 37-year-old Joseph Taub, of Clifton, and 21-year-old Elazar Shmalo of Passaic, with manipulating more than 2,000 NYSE and NASDAQ-traded stocks and reaping more than $26 million in profits from their successful trades.

The duo is accused by both the SEC and the NJ Attorney’s Office of manipulating more than 23,000 trades, buying and selling $10 billion worth of securities and making more than $26 million in illegal profits, usually through “two or more trading accounts that bought and sold the same lightly traded stock on the same day during the same period of time,” U.S. Attorney Paul Fishman said in a statement.

In the complaint, the DOJ charges the two traders of engaging in “a scheme to place numerous buy and sell orders for specifically targeted, lightly traded securities in a coordinated fashion that allowed them to manipulate the price to their advantage. Over a period of years, they manipulated $10 billion worth of securities in this way, pocketing $26 million in illicit profits at the expense of other investors. The charges we filed today are part of our continuing effort to hold accountable those who would try to illegally tilt the playing field in their own favor.”

“The trading manipulations usually lasted just a few minutes each, during which time the conspirators sometimes controlled at least 80 percent of the volume of a targeted stock and traded in several accounts simultaneously,” Fishman said.

The SEC alleged that Taub and Shmalo “schemed dozens of times per trading day to artificially move stock prices for their personal benefit,” Andrew Calamari, director of the agency’s New York regional office said in a statement.

Taub and Shmalo were charged with one criminal count of conspiracy to commit securities fraud which carries a maximum potential penalty of five years in prison and a fine the greater of $250,000 or twice the gain derived from the offense or twice the loss caused by the offense. The two men are scheduled to appear before U.S. Magistrate Judge Steven C. Mannion in Newark federal court.

Elazar Shmalo’s Linkedin page

As Francine McKenna adds, the complaint filed against Taub and Shmalo by the U.S. Attorney says they looked for companies with low trading volumes and then entered numerous trades using “helper” accounts that signaled false information to the market, artificially inflating their prices. Later they sold the shares in “winner” accounts at the artificially inflated prices after accumulating positions at lower prices.

Taub and Shmalo, and additional unnamed conspirators, relied on pre-arranged and coordinated trading among dozens of brokerage accounts they controlled, according to the SEC and DOJ. Taub, according to the SEC and DOJ, was the ring leader, funding many of the accounts that were not in his name and using two companies he controlled , EAC Capital LLC and LNW Direct LLC, to make some of the trades. Some accounts were held in the Taub and Shmalo names while others were …read more

Source: Two New Jersey Traders Arrested For Manipulating $10 Billion Worth Of Stocks, Making $26 Million In Profit

    

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Hillary Begs For Benghazi Lawsuit Dismissal While Plaintiffs Blast "Special Favors" For "Political Elite"

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By Tyler Durden

Hillary

Even though Trump has said he won’t pursue a criminal investigation of Hillary’s email situation, her past demons just won’t seem to fade quietly into the night. One federal case that is still open was filed by the mothers of the Benghazi soldiers who claim Hillary intentionally lied to them to progress a convenient political narrative and subsequently attacked their character when that narrative was revealed to be completely fabricated. While Hillary has requested that the lawsuit be dropped, the Plaintiffs’ lawyers have blasted the request saying that it would be just another “special favor” to the “political elite.” Per WND:

Lawyers for twice-failed Oval Office aspirant Hillary Clinton have asked a federal court in Washington, D.C., to dismiss a lawsuit over her statements as secretary of state about the Benghazi terror attack that left four Americans dead.

The plaintiffs are arguing the case should to go trial because she doesn’t deserve special treatment as a member of the “political elite.”

“Plaintiffs respectfully request that the court rule on defendant Clinton’s motion in a politically neutral fashion, as defendant Clinton, like everyone else before the court, is not above the law,” the filing states.

“To treat her differently than others would be treated would create and perpetuate a terrible precedent, as the American people have come to believe that, in effect, there are two systems of justice; one for the political elite establishment, and one for the rest of the citizens of our nation.”

The case was filed in the U.S. District Court for the District of Columbia by lawyer Larry Klayman of Freedom Watch USA after the FBI determined Clinton’s handling of classified information through the use of a nonsecure, private email server was “extremely careless.” The lawsuit alleges that Hillary told the Plaintiffs one story about the attack, then told the media another story, and ended up calling the family members liars.

The case is based on claims by family members that when Clinton met with them at Joint Base Andrews, she told them the Benghazi attack was “a result of an Internet video criticizing the prophet Mohammad.”

But she later changed her story, and “negligently, recklessly, and/or maliciously defamed plaintiffs by either directly calling them liars, or by strongly implying that they are liars, in order to protect and enhance her public image and intimidate and emotionally harm and silence them to not speak up about the Benghazi attack.”

For example, the memo documents that in a 2015 interview with ABC News, she “flat out falsely denied telling the families of Benghazi victims that the YouTube video caused the attack.”

She told her daughter immediately that the attacks were acts of terrorism, but later told others they were sparked by the obscure video.

“Look, I understand the continuing grief at the loss that parents experienced with the loss of these four brave Americans,” Clinton said. “And I did testify, as you know, for 11 hours. And I answered all of these questions. Now, …read more

Source: Hillary Begs For Benghazi Lawsuit Dismissal While Plaintiffs Blast "Special Favors" For "Political Elite"

    

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RBC Warns January Is Setting Up As A "Massive Mean-Reversion" Month

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By Tyler Durden

Following Friday’s report by RCB’s Charlie McElligott which sought to answer “THE” question every investor is asking, namely “what could derail this rally“, today’s the cross-asset strategist has released a follow up analysis in which he warns that even though the bond battering continues – and is likely to continue for a while – the market is now being set up for a “massive mean-reversion” counter-trend rally as soon as January.

His arguments why are presented below:

Big Picture: BOND BATTERING CONTINUES BUT SET-UP FOR JANUARY COUNTER-TREND REVERSAL

Bonds further ‘wearing it’ on multiple-fronts this morning (monster TY put block overnight, likely hedging against MTM losses being accumulated–H/T Alex Redhead) as once again, the 5+ year rates trader playbook is torn-up with weakness during the Asian session overnight—five points I’m highlighting:

  1. Crude oil is +5% (highest levels in 17 months) after further Saudi commitment to cut output following the non-OPEC states agreement this weekend to do the same. RBC’s Chief Commodities Strategist Helima Croft is calling this “OPEC’s ‘whatever it takes’ moment,” and global developed market inflation expectations are again being ‘reset’ higher;
  2. Front-loaded UST issuance calendar this week ahead of Fed, with 3Y and 10Y auctions Monday and 30Y on Tuesday;
  3. Nikkei press report that 2017 BoJ issuance will set a new record, specifically highlighting plans to issue Y3T of 40Y JGBs against a reduction of sales in the front-end / belly. Accordingly, we see JGB 2s30s and 5s30s curves making new nine-month steeps;
  4. Western financial press reports noting that the BoJ may have to reduce asset purchases by as much as 10% in light of the move already seen in US rates / the impact this is having on JGBs (FWIW, our Japan USD rates team is pointing out that no local press is talking about this tapering story—as such, we continue with status quo of the ‘policy divergence’ trade, as the Yen drop to new 10 month lows against the USD overnight);
  5. ‘Unwillingness’ to catch the falling knife from overseas real money investors (who have been “the” bid in USTs for years), voicing a preference to wait until 2017 to target ‘more attractive’ entry points for longs. This comes with domestic real money funds already being sellers as they work to shed duration. The sense is that leveraged funds will continue to press shorts on this trade which has been exceptionally profitable thus far. As such, the rates move to the upside could be magnified even further into certain illiquid year end conditions with dealer balance sheet / financing constraints.

The danger for risk assets of course is a ‘disorderly’ rates move, as noted in Friday’s “Big Picture” as one of the chief concerns with regards to potential disruptors of the “reflation trade.” VaR stress -induced deleveraging has repeatedly ‘spilled-over’ into other asset classes in every ‘taper-tantrum’ episode we’ve witnessed since ’13, especially on account of the proliferation of “short convexity”/“short correlation” strategies which have grown massively popular with the asset liability management community in …read more

Source: RBC Warns January Is Setting Up As A "Massive Mean-Reversion" Month

    

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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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