Monday, November 14, 2016

"Tolerant" Educators Exile Trump Voters From Campus

One of the more amusing bits of fallout from last week’s election has been the safe-space response of many colleges and universities to the election of the “wrong” candidate. But on closer examination, this response isn’t really amusing. In fact, it’s downright mean.

Gold Slumps To 5-Month Lows As Dollar Index Tops 100, Yuan Crashes To New Record Low

Gold prices are down almost 10% from Trump victory highs, testing down towards $1200 once again and pressing 5-month (pre-Brexit fear) lows. At the same time the USD Index has spiked back above 100 - the highest in over a year - as Offshore Yuan crashes to over 6.85/$, the weakest since inception... Simply put turmoil

30 Year US Treasury Yields Spike Above 3.00% - Highest Since Fed Rate Hike

The 30 Year US Treasury bond yield has exploded 55bps in the last few days, snapping the mythical 3.00% level for the first time since January 5th, spiking to its highest since just before The Fed hiked rates in December 2015...

Kremlin Gains Two More European Allies As Bulgaria, Moldova Elect Pro-Russian Presidents

The good news just keeps going Putin's way. Just days after Trump defeated the Kremlin's nemesis Hillary Clinton, on Sunday pro-Russian candidates won presidential elections in Moldova and Bulgaria on Sunday, giving Moscow new allies in its efforts to regain influence in parts of Eastern Europe it regards as its backyard. And while Russia is the clear winner, one loser to emerge bruised from the two votes is the European Union.

Fearmongering Propaganda Is Immensely Profitable... And Distracting

The self-serving Neoliberal Elite's CNN/mainstream media did a magnificent job of profiting from fearmongering while distracting the serfs from their immiseration. If you want to stop being played as a chump, turn off the CNN/MSM and disengage from the self-referential social media distraction.

Oil Tumbles After BMI Slashes Probability Of OPEC Deal Due To Trump Victory; Dollar Surge

On Friday, Fitch's BMI unit issued a report that corroborated this more bearish perspective on oil as a result of the Trump presidency. According to BMI, "prospects for OPEC members to agree on an output cut or freeze have “reduced notably” following Donald Trump’s victory at the U.S. elections."

Eirexit Coming Up!?

Irish bureaucrats may bury their heads and ignore those questions, but the average guy on the streets of Ireland will easily spot the answers. Eirexit is just a matter of time.

Hundreds Of Former Bernie Sanders DNC Delegates Launch Campaign For Donna Brazile To Resign

Hundreds of former Bernie Sanders delegates to the Democratic National Convention have voted overwhelmingly in a straw poll to “call for the immediate resignation of Donna Brazile as chair of the Democratic National Committee.”

More Bull Shit...Wear your boots...

"A Barrage Of Fed Speakers": The Key Events In The Coming Very Busy Week

As markets continue to digest the implications of the US election outcome, there is a host of data and Central Bank communication adding to the running narrative with Fed speakers appearing on every single day of the week. In addition to barrage of daily Fed speakers, including Chair Yellen, we get US inflation data, retail sales, housing data, empire manufacturing, industrial production and the Philly Fed.

Swedish Chef Attacked By "Muslim Men" Because He "Looks Like Donald Trump"

Swedish chef Anders Vendel became the latest target of the "inverse racism" backlash sweeping Sweden, when he was reportedly assaulted by three Muslim men who punched and kicked him in the face and head, sending him to the emergency room. Describing the assault on Facebook, Vendel said he was attacked because he looked like Donald Trump.

Markets In Turmoil: Global Bond Bloodbath, Currency Rout Accelerates As Stocks Erase Early Gains

Monday started off where Friday left off, with the dollar surge continuing, pushing the DXY above 100 for the first time since December, global bond yields soaring, emerging market currencies tumbling, and the Yuan slammed below 6.85 for the first time. However, where Monday is different is that while European stocks and US index futures started off far higher, E-minis have now faded the entire overnight rally and are now red for the session, on concerns that the spike in yields will cap any more stock upside.

'Italeave' Looms As Italian Crisis Indicator Spikes To Record High After Trump Win

"The US election will help all those who have not had the courage to come out and say 'I will vote No'," proclaimed one of Italian PM Renzi's opponents as The FT reports the centre-left prime minister’s referendum on change is threatened by the global populist wave. Even before the US election, he faced a struggle to secure victory in the referendum, with most polls tilting in favor of voting 'No', albeit with many undecided voters, but opponents claim "many undecided voters in the polling booth will say ‘No No No’, just like Trump voters."

Donald Trump's First Interview Since Winning The Election: Key Highlights And Full Transcript

In his first televised interview since winning the election this week, a "more serious, more subdued" Donald Trump spoke to 60 Minutes correspondent Lesley Stahl from his penthouse in the Trump Tower.

"You Afraid Of Power, Not Trump"

"Progressives cheered Obama when he used his unilateral power of executive orders to fast track a left-wing agenda, circumventing our system of checks and balances, and blamed the other side for 'holding back progress' and blocking government from 'doing more'. But now that same power rests in the hands of a man who may use it to persecute them. It’s scary."

Chaos Ensues As Europe Splinters In Response To Trump: UK, France, Hungary Snub EU Emergency Meeting

Britain and France on Sunday night snubbed a contentious EU emergency meeting to align the bloc’s approach to Donald Trump’s election, exposing rifts in Europe over the US vote. Boris Johnson dropped out of the Brussels meeting, with officials arguing that it created an air of panic, while French foreign minister Ayrault opted to stay in Paris. Hungary’s foreign minister boycotted the meeting, labelling the response from some EU leaders as “hysterical”.

80,000 Catalans Gather Demanding Independence From Spain

The next major secession could come from Spain as 80,000 Catalans gathered in Barcelona on Sunday in protest of excessive taxes levied by Spain's central government in Madrid.

Donald Trump Boosts Europe's Anti-Establishment Movement

"America has just liberated itself from political correctness. The American people expressed their desire to remain a free and democratic people. Now it is time for Europe. We can and will do the same!"

USA, USA, USA - The 4th 'Best' Country In The World

According to US News & World Report's inaugural "Greatest Country In The World" rankings, created Wharton and BAV Consulting, Germany, Canada, and the United Kingdom are all 'exceptional-er' than exceptional the United States of America...

Has George Soros Committed Treason?

“His only legitimacy is his wallet.”

Blocks Of Anti-Trump Protest Buses Caught On Tape

The Global “Populist” Doom Tour Swings to Italy

by Wolf Richter, Wolf Street:
In the middle of a blossoming banking crisis.
Widespread public disaffection and dissatisfaction are not unique to the UK and US; they’re on the rise all over the developed world. It’s not hard to see why. In the words of Mark Blyth, one of an embarrassingly small number of economists to correctly call both Brexit and the victory of Trump, the last 30 years have seen “a huge amount of economic growth but hardly anyone’s benefited from it.” And now the people are “fed up” and have decided at any opportunity to “give their elites notice that they’ve had enough.”
On December 4th, Italy could become the next whistle stop on the global populist doom tour as its people vote in a national referendum on the government’s proposed constitutional reforms, which seek to drastically curb the role of the upper house Senate, a move that Italian premier Matteo Renzi says will simplify decision-making and ensure stable government. Opponents fear it will make the legislative process more complicated and reduce checks and balances.
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Krugman Admits He Is Clueless. That Progress will be Short-Lived

by Mish Shedlock, Mish Talk:
In Thoughts for the Horrified Paul Krugman takes an unusual step of admitting he is clueless.
Let’s take a look.
So what do we do now? By “we” I mean all those left, center and even right who saw Donald Trump as the worst man ever to run for president and assumed that a strong majority of our fellow citizens would agree.
I’m not talking about rethinking political strategy. There will be a time for that — God knows it’s clear that almost everyone on the center-left, myself included, was clueless about what actually works in persuading voters.
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Democrats Are Now Calling For A ‘Revolution In The Streets’, And I Believe That They Are Quite Serious

by Michael Snyder, The Economic Collapse Blog:
The surprise victory by Donald Trump on November 8th has spawned a series of violent protests and riots all over the nation as stunned leftists continue to throw the largest post-election temper tantrum in U.S. history. Protesters in large cities all across America have been disrupting public transportation, looting stores, hurling objects at the police and burning Trump in effigy. There have even been shootings at anti-Trump rallies in Seattle and in Portland. Hundreds of protesters have been arrested so far, and organizers are promising that this is only just the beginning. Meanwhile, large numbers of enraged leftists are physically threatening Trump on Twitter, and some are even calling for a violent revolution. Sadly, I believe that they are quite serious about this.
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Most Idiotic Comment Ever? “Sell Gold Because Inflation Will Spike”

by Dave Kranzler, Investment Research Dynamics:
Stanley Druckenmiller said: “I sold all my gold (sic) on the night of the election” because he sees inflation spiking and that will force money(sic) out of gold…hmmm….sell gold because you see inflation coming? That has to be the most idiotic investment rationale I’ve ever come across. Even “buy stocks because they keep going higher” is less dumb than that.
You’ll note the “sic” I added after Drunkenmiller’s comment about “gold.” “Sic” is used after a quoted word (from someone else) that seems odd or out of place. I inserted “sic” after Drunkenmiller’s use of “gold” because he never owned gold. He bought GLD, which is a paper derivative of gold. The only way you own gold is if you buy physical gold and keep it outside the system. GLD is a fraud, just like every other fiat paper “asset.”
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by Jeff Berwick, The Dollar Vigilante:
We expected the Super Shemitah/Jubilee time period (which officially ends on November 20th with the end of the Catholic Jubilee) to be one of dramatic change and chaos.
And, did we ever get it!
Since the beginning of the Jubilee year, in October of last year, two massive events have happened. Brexit and Trump.
Both were completely unexpected by most.
Brexit saw the worst day in worldwide stock markets in history the day after the vote.
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President Trump: Big Liar Going to Washington or Tribune of the People?

by Prof. John McMurtry, Global Research:

Note: The following article was written up to the November 8 presidential election before Trump’s victory was declared
Know a man by his enemies.  Trump has countless enemies, but most of them march to the drums of endless wars of aggression and care less about the casualties of tens of millions of lost good jobs in America. Most are neo-liberals in fact, the bipartisan doctrine of dispossession of citizens and foreign wars to grow the system further.  The worst have been Washington servants of the world corporate machine looting the world. They above all condemn his peace overtures to Russia and his promise to repeal NAFTA – both unspeakable heresies on the US public stage  until Trump’s movement against them.
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Agent Orange Linked to Bladder Cancer, Hypothyroidism, Parkinson’s

by Christina Sarich, Natural Society:
Monsanto and Dow were 2 of the 9 wartime contractors hired by the US government to create Agent Orange, a combination of the toxic chemicals 2,4-D, and 2,4,5-T, just over 40 years ago. The damage these chemicals have perpetrated on our health and environment did not end with the Vietnam War though.
Aside from the long-term poisoning of soil and crops, a new review of Agent Orange research has found evidence that bladder cancer and hypothyroidism are more strongly linked to exposure to Agent Orange than was previously assumed.
Although the new information does not support a previously-held belief that spina bifida, a birth defect, occurs more often in the offspring of exposed veterans, a report released by the Institute of Medicine on the health effects of Agent Orange recommended the Veterans Affairs Department grant service-connected presumption to veterans with “Parkinson’s-like symptoms,” not just those diagnosed with Parkinson’s disease related to Agent Orange exposure. In addition cancer, endocrine disease, and neurological impairment still loom large in the shadow of Agent Orange’s use.
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More on Trump’s Populism and How It Can Be Controlled By Government

from The Daily Bell:

Populism Is Not Fascism But It Could Be a Harbinger  … Right-wing populism—indeed, populism of any kind—is a symptom of democracy in trouble; fascism and other revolutionary movements are the consequence of democracy in crisis. But if governments do not do more to address the many social and economic problems the United States and Europe currently face, if mainstream politicians and parties don’t do a better job reaching out to all citizens, and if conservatives continue to fan fear and turn a blind eye to extremism, then the West could quickly find itself moving from the former to the latter. –Foreign Affairs Magazine
Yet another article from the Council on Foreign Relations mouthpiece Foreign Affairs  exploring the “populism versus fascism” meme. Foreign Affairs seems obsessed with this propagandist paradigm, which has exploded in both the mainstream and alternative media since we first analyzed it in June, here.
Predictably, the solution to “populism” is more and better government. Freedom is never seen as a problem-solving alternative.
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Dave Chappelle on Trump: ‘I’m Going to Give Him a Chance’

by Kit Daniels, Infowars:
Comedian Dave Chappelle wished Donald Trump luck in his upcoming presidency during a Saturday Night Live monologue that has now gone viral.
“Before I go, I do want to say one thing and this is not a joke, but I think it’s important that I say this because they’re marching up the street right now as we speak,” Chappelle said.
Recalling a recent party he’d attended at the White House, the famed comic stated that he had hope for the future given how far the country has come.
Read More…


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