Going To Spread?

Don't look now but it's going to spread.

It's the elites' worse nightmare as more and more question the phony benefits belonging to the European Union. The globalists are on the run.
----

At the beginning of 2016, certain outcomes seemed inconceivable. Like Leicester City becoming premier champions. Or Ireland beating the All Blacks in rugby.

On a slightly more profound level, very few people predicted Britain would go storming out of the EU. And, oh, the same goes for Donald J Trump becoming the 45th president of the world’s most powerful democracy.

It’s been that kind of year, so much so that other ideas that seemed fanciful are now beginning to flash up on the radar. 

And among them is another portmanteau word: Eirexit. Until very recently, the very notion of Ireland leaving the EU was so outlandish and marginal that it did not feature in any public discourse in a meaningful way.

http://linkis.com/www.irishtimes.com/n/zO3Qw

Until very recently, the very notion of Ireland leaving the EU was so outlandish and marginal that it did not feature in any public discourse in a meaningful way.
But it has now been thrust more into the limelight by a combination of Brexit, the Apple case, fears of an EU stealth attack on Ireland’s most sacred cow, corporation tax; and now, the election of Trump.

Certainly, Eirexit has gained some momentum of late. There is a small but growing band of public figures questioning the basis of Irish EU membership. Some are opposed to any notion of a federal Europe or EU superstate.

Others think Eirexit might turn out to be inevitable if circumstances change. And the public might be with them on this one more than politicians think. Over the course of 55 years, one person has been almost a voice in the wilderness in his consistent opposition to the EU.

In October 1961, Anthony Coughlan returned to Ireland to lecture at Trinity College Dublin.
A month later he was one of seven people – along with Noël Browne and future Labour TD Barry Desmond – who signed a letter to The Irish Times opposing Ireland’s application to join the European Economic Community. The idea was being mooted in political circles at the time.
“Our supreme folly is having joined the eurozone without the UK doing it,” he said. “It was lunacy for us to join. I cannot see us staying in the EU if the UK leaves,” says Couglan.

 mishtalk.com/2016/11/13/eirexit-coming-up

Your Own Peril

Francis Fukuyama in his Financial Times weekend piece, "Us against the world?" gets few things right in his assessment of what a Trump presidency means.

One of them is this: "Trump received a huge number of votes from better-educated and more well-off voters as well, who were not victims of globalization but still felt their country was being taken from them. Needless to say, this dynamic underlay the Brexit vote as well."

They had and still have that feeling, sir, because it is more than a feeling. It's a PC agenda-driven fact. As you yourself note "...many ordinary American citizens began to wonder why their communities were filling up with immigrants, and who had authorized a system of politically correct language which one could not even complain about the problem."

They found part of their answer in a most unsuspected place, sir, the Internet. But it is far more complicated and sinister than that. The phony democracy you keep referring to and lamenting its alleged passing turned deceitful and corrupt as the executive and judicial branches began usurping more and more power, circumventing not just the will but the opinions of the people. This is the essence of elitist power and raw contempt. Referendums and elections were held only to wind up languishing for years in the courts because the losers disliked the results. Tightening the border in California was one them.

So you can jawbone about the faux democracy all you want. That's what academics do, flap their tongues. Your definition of democracy is a curious one. You write a Trump presidency will "signal he end of an era in which the US symbolised democracy." It was always and still is a tainted democracy characterized by periodic crumb tossing by the elites who secretly believed--and clearly still  do-- the masses were too dense to ever see through the BS.

It's almost impossible to read an opinion piece today where some trite academic is bellyaching that  Trump needs to surround  himself with those who have some idea how Washington works. No sir, that's putting the cart in front of the horse. Washington is there to serve the people, not the way it's been. It's Washington's job now--as it was always intended to be-- to figure out how to best serve the people. To figure out what the people want, not what a handful of overpaid, under worked public servants want. And if they can't figure that out in a reasonable time, then another, bigger question surfaces: Maybe there's no need for a centralized Washington? Maybe it's an idea that's outlived its usefulness and time? See Western Europe.

Maybe the individual states need to do what those elitist SV tech heads are threatening because things didn't go the way they wanted. If the elites can consider it as they build their underground cities to escape the coming chaos in places like Texas and so forth, in a true democracy the masses would be afforded the same rights. Nor is this a time for so-called healing. The masses recognize political cant when they see it. They have had to live with that BS for decades. If you think not just view the wall of red in that post-election map of the U.S.

There's a crystal clear message here. Not a threat, just a fact. A cold, stone hard fact for the elites and the academics of the world. Under estimate the masses at your own  peril.

Overnight

The dollar jumped up over night in Asia, hitting a nine-month high to trade above 107 yen as the euro took the opposite track falling to its lowest level in 11 months at $1.0773. It hasn't just been stocks that are on a tear since the election. Bonds have held their own tear climbing to their highest yield for the 10-year U.S. Treasury 2.20% as more than $1trillion of bonds disappeared last week in just a couple of days, Reuters reported.

It was a big hit as the yen, the Indian rupee and the Indonesian rupiah all lost ground against the dollar as did the New Zealand kiwi hit by another earthquake and Trump's startling election win. Investors seem convinced that Trump's policies will trigger inflation as talk about fiscal stimulus ripples through markets.

The Wall Street Journal noted: The People’s Bank of China weakened the daily reference rate for the yuan against the U.S. dollar to 6.8291, 0.3% weaker than Friday’s level. The yuan was fixed at its weakest level against the U.S. dollar since Sept. 9, 2009. In mainland Chinese markets, where the yuan is allowed to trade within 2% of this level, the yuan was 0.1% weaker at 6.8125. In Hong Kong, where the currency always trades freely, the yuan was 0.1% weaker at 6.8291.

The U.S. Dollar Index, which tracks the dollar’s strength against a basket of six currencies, rose 0.6% to 99.6350, its highest level since January, as yields on the U.S. 10-year Treasury note rose to 2.19%.

With most Asian markets down, the Nikkei bucked the trend rising 1.54% after news about Japan's economy growing faster than expected at 2.2% in the 3Q year-over-year. Most were expecting growth somewhere in the 0.95% range. The ASX 200 was off 0.63%, the Hang Send -1.06%, the Kospi -0.09%. The Shanghai Composite edged higher 0.48%.

In energy U.S.crude futures drifted higher 0.18%at $43.49 a barrel with Brent gaining 0.25% at $44.86. Gold lost some ground,dropping0.59%, to trade at $1,218.20 an ounce, the fourth straight session investors took a risk-on view of markets and the future as all eyes will be peeled on Trump and his moves going into the upcoming holidays.

We Call It Tolerance

They say a leopard never changes it's spots.

Any pretense that, as this story notes, the New York Times is about to change its policy and turn to "honest reporting" would rival the recent Trump upset. It ain't going to happen. Nobody does fumigation projects that large.

zerohedge.com/news/2016-11-12/liberal-media-turns-itself-nyt-promoses-rededicate-itself-honest-reporting

The liberal stench emanating from the Times is as ingrained as corruption at the DNC and George Soros' DNA. All the news fit to print has always been all the news fit to corrupt. Let's be honest, however indelicate it might sound, something the Times has never been: people in this nation hate each other. And it ain't going away anytime soon. The recent election, split right down the middle, and it's aftermath proves it, though it's something PC has helped create and does its damnedest to try to cover up. This sounds more like a plea to subscribers and advertisers to not leave us.

To our readers,

When the biggest political story of the year reached a dramatic and unexpected climax late Tuesday night, our newsroom turned on a dime and did what it has done for nearly two years — cover the 2016 election with agility and creativity.

After such an erratic and unpredictable election there are inevitable questions: Did Donald Trump’s sheer unconventionality lead us and other news outlets to underestimate his support among American voters? What forces and strains in America drove this divisive election and outcome? Most important, how will a president who remains a largely enigmatic figure actually govern when he takes office? 

As we reflect on this week’s momentous result, and the months of reporting and polling that preceded it, we aim to rededicate ourselves to the fundamental mission of Times journalism. That is to report America and the world honestly, without fear or favor, striving always to understand and reflect all political perspectives and life experiences in the stories that we bring to you. It is also to hold power to account, impartially and unflinchingly. We believe we reported on both candidates fairly during the presidential campaign. You can rely on The New York Times to bring the same fairness, the same level of scrutiny, the same independence to our coverage of the new president and his team.

We cannot deliver the independent, original journalism for which we are known without the loyalty of our subscribers. We want to take this opportunity, on behalf of all Times journalists, to thank you for that loyalty.

Sincerely,

Arthur O. Sulzberger Jr.
Publisher

Dean Baquet
Executive Editor

When everyone gets a trophy, it means no one has learned how to lose gracefully. PC damn near accomplished what its creators set out to do--outlaw dissent, all dissent. Zero tolerance. This election changed all that. Not because of Trump. He was simply the messenger. He never fathered the movement, simply recognized it. One Hundred Sixty million voted, split right down the middle, and 55 million said they ain't taking your PC Hollywood, bicoastal BS anymore. And that goes for the tech heads in SV.

No, there were not all redneck white males. And even if they were it doesn't matter. PC has no boundaries, no limits. Nor were they all ignoramuses. What pissed the PC crowd off many of them had college degrees from Land Grant schools, not the Ivy League pedigree kind, one of the crumbs elites tossed the masses nearly 200 hundred years ago. And some of them, God forbid, could read, write, spell and even add up. Aw shit! That's some guaranteed trouble, folks in Flyover Land with those skills.

But it wasn't just Flyover Land as any post-election map of the country will show. People want to live out their lives in their own way without trampling on anyone else or being trampled on. It's not a new concept. And it's hardly racist, xenophobic or anything else. It's the only good life, live and let live. Something these two bankrupt lobbyist-owned political parties completely disavow.

The Times is historically one of the biggest hate-spreading mongers in the history of journalism.
Yes, journalism has it's history. This is hardly unique to America. It's a global phenomenon and it's growing. That's why so many elite cages are being rattled. And no amount of elite crumb tossing to the rabble is going to change this. Populism is a BS academic pejorative for anyone who differs with you, a pure abstract they use to label and defame.

There's another story making the rounds, zerohedge.com/news/2016-11-12/real-civil-war-possible,
an unwelcome subject for many reasons but nevertheless a valid one. Right, neither the democrats nor the republicans, won this election because many millions are no longer going to be PC'd into silence. We don't support the Bernie Sanders' crowd, but there little denying they got screwed without getting to even take their clothes off. And there's little doubt the Times played a role as obviously did other members of the so-called Fourth Estate. You might call that politics. We call it disenfranchising corruption.

Crazy old Bernie had a right to be heard as did his millions of followers.You can call that what you want. We call it tolerance.

The Power Of Religion And Hypocrisy.

 
Religious conversions are amazing and often can happen in one night. They can also be insincere. This one is.

Since Trump won the much-contested presidential election just days ago, the stock market after an initial swoon has been on a tear. But not just the market, other sectors like non-ferrous metals, the stuff of infrastructures, has also been jumping up. See copper.

Goldman Sachs CEO Lloyd Blankfein, a huge Hillary supporter-contributor and big hypocrite, apparently just got some Trump religion, saying Trump's policies are "market supportive."

This is something he could've said before the election. But he put most if not all his chips with the eventual loser and much more. Goldman essentially forbid any dissenting views other than those Blankfein and Goldman money backed. Blankfein and his elite ilk are hypocrites, one of the main underlying themes of this election. One can only hope the public has a long memory.

Now we don't really believe Blankfein got any Trump religion. We know who he is and what he is. Like his comrade Soros, he's one of the elites who hates everything about the people, including the people, in flyover America. These are the same people the Federal Reserve sold out to rescue Wall Street banks under the phony guise the global financial system was on the brink.This scare tactic plays well. Again and again. But the only people ever allowed to go bankrupt are the flyover crowd.

This is part and parcel of the cashless society meme being pushed by elites and MSM under the guise of interdicting the bad guys. They're always after the bad guys in others' best interest. But they are the bad guys. The CEO of Wells Fargo, is he still roaming the street free? Nobody's assaulted or killed him yet? They're assaulting and threatening to kill Trump voters if what runs in the news is correct?
----
One person not surprised by the post-election stock market rally is Goldman Sachs CEO Lloyd Blankfein.
While virtually every strategist on Wall Street predicted before Tuesday's results that a Donald Trump victory would lead immediately to stock market losses, Blankfein didn't feel that way.
"His policies are market-supportive," he said Thursday at the DealBook Conference in New York. "I'm not saying it's good or bad … just as far as asset prices in the market are concerned, how could they not be supportive?"
Market watchers were concerned that the sheer unpredictability of a Trump win would knock equities for a loop. The projections for near-term market losses ranged from a few percent to more than 10 percent.
Just the opposite happened. Stock market futures cratered Tuesday evening and Wednesday morning as it became clear that Trump would score a historic upset over Hillary Clinton, but turned around by the market open.

Thursday's trading closed with the Dow at a record high.
 ----
What they want you to swallow is that this is a liberal versus conservative, red versus blue, democrat versus republican conflict. It's far more sinister than that. We've been suggesting for some time now you're on your own. Elites tolerate the rabble, one of the more sinister, subtle forms of hate.

Silicon Valley

 
"We know how to make things," one disenchanted, arrogant Silicon Valley tech head recently wrote, joining those chosen nerdy souls who now post-election want to take their ball and head elsewhere since things went other than their way.

Not to get ahead of ourselves, we personally welcome that exodus. Maybe they can say hello to George Stephanopoulos, Streisand, Whoopi and John Stewart along the way.

The implication of his statement, besides its obvious conceit and contempt, was that Trump doesn't know how to make anything. But Trump is actually in the construction business. He builds structures with one minor difference; he usually hangs on to them after they're built. Which is more than one can usually say for Wall Street and their derivative scams. Hello Goldman Sachs and Lloyd Blankfein.

Beyond that Trump just made one of the greatest things in the history of this very young, new century, perhaps even in the history of this nation. He made a hardened, long-term, MSM entrenched, political, in-your-face criminal disappear from the planet in one night. For creativity, skill and innovation, that's tops anything we've ever seen come out of  SV.

Overnight

Can you spell industrial metals? Because if you can, you'll have a better under understanding of what is driving this post-election stock market upswing as industrial metals led by copper prices swung to more than one-years highs Thursday. It's also about the prospect of lower taxes and infrastructure investment promised by Donald Trump after shocking the world with his victory Tuesday.

The Nikkei 225 rose to a nine-month high overnight led by financial shares and the U.S. market's performance to all-time highs, gaining 1.6% to 17,621.73, it's highest level since early February. The dollar followed suit rising to 106.95 yen, the highest its been since July. Non-ferrous metals participated in the Asian run-up. Banks and insurance firms were the big winners in the hopes of future higher interest rates and the appearance of some   much hoped for inflation.

HSI	HSI	22603.34		-235.77	-1.03%
ASX 200	S&P/ASX 200	5350.50		21.67	0.41%
SHANGHAI	Shanghai	3193.91		22.63	0.71%
KOSPI	KOSPI Index	1987.40		-15.20	-0.76%
CNBC 100	CNBC 100 ASIA IDX	6769.43		-10.21	-0.15%

Reuters reported U.S. crude futures in Asia were down 0.56 percent, at $44.41 a barrel after settling at $44.66 on Thursday, while Brent slipped 0.41 percent, to $45.65. Brent had last settlement price was at $45.84 a barrel. Gold was up 0.2% at $1,261.71 an ounce. IBM, which has risen 10 points in the last three days, helped push the index higher as at one point the Dow was up 250 points and the the U.S. 10-year bond yield rose to 2.14%. Many seem to believe once rates start up they will continue for some time. The continuing commodities rally helped the ASX 200 shares.

But as the WSJ reported all in Asia was not good as Asian emerging markets sold off sharply Friday as U.S. Treasury yields rose overnight. Indonesia’s Jakarta Composite Index was off 2.9%, the Philippines PSEi tumbled 2.5% and Malaysia’s FTSE Bursa Malaysia KLCI sank 1.1%. As offshore investors pulled money out of emerging Asia into U.S. Treasurys, regional currencies were walloped. Indonesia’s rupiah was down 1.6% Friday according to Thomson Reuters and the Malaysian ringgit dived 2.7%, according to FactSet. The rupiah plummet forced the Indonesian central bank Friday to defend the currency, according to Bank Indonesia Senior Deputy Governor Mirza Adityaswara, as foreign investors trimmed their holdings of rupiah assets.

And So Here We Are

There's an old saying about the way to really hurt someone is to hit them in the pocketbook or just ignore them.

This sounds like an either or proposition but it really isn't, especially when it comes to MSM. In this second post-Election Day there is nothing too harsh, too mean to say about MSM, as they lick their wounds and whine and cry their way through the aftermath. They were losers long before this election, but they are now totally irrelevant, a place they well deserve.

The millions of Trump supporters who were simply voting their consciences and legitimate frustrations who MSM pitifully and unmercifully pilloried can now if they so choose to apply the leverage of their pocketbooks and their indifference to what has become one of the most disgraceful institutions in American history.

cbsnews.com/news/commentary-the-unbearable-smugness-of-the-press-presidential-election-2016/

Forgiveness is synonymous with latitude. There can be no forgiveness here because there was no latitude there. These are merciless, agenda-driven people who deserve no mercy. This is far from over. Nor should it be. One hundred and ten million voters expressed their opinions and the popular vote--irrespective of who the media claims won--was settled by a few hundred thousand infinitesimal votes. This is no 80-20, 70-30 or even 55-45 separation. This is as right down the middle as it gets, an extremely dangerous result with a clear absence of latitude these other figures at least suggests.

In essence, there are no more minds left to be changed. This is far from over. Suffering eight years under a president who was no more our president than those mostly young people currently protesting and carrying signs the current president-elect is not their president resonates loud and clear. We know how they feel. One hundred ten million people voted and find themselves separated by what is an insignificant few hundred thousand votes.

The day after the election, a female client called and told us this story. She walked her grandson to school as she does most school days. There are usually other parents there doing the same. A lady whom she had never spoke to before, never even nodded to, though they were frequently there at the same time--a woman she described as brown skinned, possibly from India, came over with her small son and whispered to her in a heavy accent: "I am so happy. I just can't express how happy I am he won." Nothing else was said as they both dropped off their children and went their separate ways.

Later that afternoon the wife of a friend called. Said she's just come from having her nails done. Sitting next to her an older woman, a complete stranger, suddenly, shaking her head, broke the silence, as the television they were looking at rehashed the election."I just can't fathom,"she blurted out to our friend's wife, "how anyone could vote for Trump."

After a brief pause the wife of our friend agreed. She said. "I voted for Trump and I know a lot of people who did and none of us can fathom how anyone would want to put a known criminal in the White House either." So there you have it. Politicians as they always do can flap their lips about healing and coming together.  It's meaningless political cant. This is a long way from being over. The reaction of some Silicon Valley technocrats is just another example. And the room for latitude is all but exhausted, separated by just a few hundred thousand votes.

What's interesting about this link and the story and further proves our point, the comments were so negative, though we noted no foul language in the ones we read earlier, that CBS does what MSM always does, they removed the comments. And so here we are. Mr. Obama was not our president and it had nothing to do with his race, creed or color. If anything Mr. Trump's color is more in question today that Mr. Obama's color ever was. Hillary Clinton was never going to be our president and it had nothing to do with her gender.

These are all things the myopic MSM missed. We understand these young people and their feelings. And we extend them a hardy welcome to the club. This is where we are. And as those few insignificant hundred thousand votes attest, it won't be changing anytime soon. We also send a hardy shout out to the elites and the academics for helping get us here.

We said before and we will repeat it one more time: This is the healthiest election of our time.