Friday, November 25, 2016

Daily news: all Trump, all the time

Hey Kitco, I'll still write for you, if you want. The news is interesting nowadays.

The news:

Raw Story - Bush lawyer says Trump in violation of the Constitution. Quote:
Painter said he suggested Wednesday morning to Kellyanne Conway that Trump should address potential conflicts with the U.S. Constitution’s emolument clause by turning over to the U.S. government for audit any payments made to his businesses by foreign governments or their entities after his inauguration.

The obscure constitutional clause bars anyone “holding any office of profit or trust” from accepting compensation from “any king, prince or foreign state” without congressional approval.

“So far, they are showing no willingness (to address potential conflicts of interest), and saying the message to me that they aren’t even interested in my advice because I didn’t support Donald Trump for president,” Painter said.

“Well, now he is the president for all of us, all the American people, he’s going to be, and he needs to comply with the Constitution at a bare minimum,” Painter continued. “They need to recognize the problem and address it.”
Meh, who needs stinking rules, right?

The Hill - Trump's Argentina project makes headway after phone call to president. Quote:
According to Quartz, three days after Trump spoke with President Mauricio Macri, one of his real estate projects in Buenos Aires made headway after years of delays. That report was based on a story out of the Argentina-based La Nacion.

The report noted that there is no substantive indication that Trump’s conversation with Macri had anything to do with the project getting a green light, but is just the latest in a series of questions about possible conflicts posed by Trump’s efforts to serve as president while maintaining a global business portfolio.

Construction on that $100 million building is set to begin in June 2017, but still has to be permitted by the government.
Hey, that's just called doing business, right?

The Independent - Trump's security chief took money from Putin and Erdogan. Quote:
John Schindler said Michael Flynn, who Mr Trump has nominated for the senior post, had taken money from the governments of Vladimir Putin and Recep Erdogan. Mr Schindler claimed on Twitter that Mr Trump would be a “hypocrite” if he stood by his nomination of the former general given his promise to “drain the swamp” of Washington.

“Flynn took money from Putin & Erdo─čan AND he broke important INFOSEC laws+regs,” he said. “If Trump stands by him now, he is a monstrous hypocrite.”
To be fair, Dani Rodrik points out that there really was a massive conspiracy in Turkey to overthrow the government, and Rodrik should know cos he knows Turkey. Doesn't mean Erdogan's not a cunt, just that you need to take anti-Turkey news with a grain of salt.

WaPo - Russians helped spread fake news during election. Quote:
Russia’s increasingly sophisticated propaganda machinery — including thousands of botnets, teams of paid human “trolls,” and networks of websites and social-media accounts — echoed and amplified right-wing sites across the Internet as they portrayed Clinton as a criminal hiding potentially fatal health problems and preparing to hand control of the nation to a shadowy cabal of global financiers. The effort also sought to heighten the appearance of international tensions and promote fear of looming hostilities with nuclear-armed Russia.
Yeah, I saw the clowns posting "OMG Hillary is going to declare war against Russia!" too. Those clowns just make me laugh.

NPR - we tracked down a fake news creator. Quote:
During the run-up to the presidential election, fake news really took off. "It was just anybody with a blog can get on there and find a big, huge Facebook group of kind of rabid Trump supporters just waiting to eat up this red meat that they're about to get served," Coler says. "It caused an explosion in the number of sites. I mean, my gosh, the number of just fake accounts on Facebook exploded during the Trump election."

Coler says his writers have tried to write fake news for liberals — but they just never take the bait.

Coler's company, Disinfomedia, owns many faux news sites — he won't say how many. But he says his is one of the biggest fake-news businesses out there, which makes him a sort of godfather of the industry.

At any given time, Coler says, he has between 20 and 25 writers. And it was one of them who wrote the story in the Denver Guardian that an FBI agent who leaked Clinton emails was killed. Coler says that over 10 days the site got 1.6 million views. He says stories like this work because they fit into existing right-wing conspiracy theories.

"The people wanted to hear this," he says. "So all it took was to write that story. Everything about it was fictional: the town, the people, the sheriff, the FBI guy. And then ... our social media guys kind of go out and do a little dropping it throughout Trump groups and Trump forums and boy it spread like wildfire."

Which suggests right-wingers are just more gullible than anyone else, no?

Friday video: yet another sad one

This song's pretty too:

Tuesday, November 22, 2016

Jojo does gold dooooom

Jordan Roy-Byrne - say goodbye to the gold bull market. Quote:

Unless gold and gold stocks hold current levels and form an important low then the 2016 bull market has gone off course. At present, the evidence favors the bearish scenario which has the sector trading lower in the months ahead. We could chalk this up to a fundamental change (which I consider to be temporary) coupled with the potential for a spike in the US Dollar. Investors are advised to de-risk their portfolios during the coming rebound and prepare for a better buying opportunity at the end of winter.

Can't really argue against the chart. Question is whether you want to short gold stocks, or just do the standard thing this time of year and go long NASDAQ into Xmas.

I'd add, btw, that gold and the miners don't even have to go up after an upcoming low.

Monday, November 21, 2016


Gothamist - did Russia hack the election for Trump? Answer: yes. Well, them and the Republican party through decades of minority voter suppression.

Inquisitr - new movement seeks data on suspicious vote counts. Don't let Trump delete the emails!

And for my American readers, let me just remind you that with three well-timed and purely accidental deaths, you could end up with President Orrin Hatch. He's also a dickhead, but a more moderate one.