http://www.zerohedge.com/fullrss2.xml/wp-content/plugins en Gold Double-Slammed As 'Traders' Puke $3.5 Billion Notional Through Futures Markets http://www.zerohedge.com/news/2016-12-05/gold-double-slammed-traders-puke-35-billion-notional-through-futures-markets <p>The Italian referendum's "no" vote sparked the rational reach for safe-havens as the Euro-endgame became more questionable... but that lasted less than an hour and since the $1190 highs overnight, gold has been monkeyhammered to 10-month lows amid<strong> two legs lower</strong> (EU open and US open) with<strong> spikes in volume of around $3.5 billion notional...</strong></p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_gold.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_gold_0.jpg" width="600" height="380" /></a></p> <p>&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1777" height="1124" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20161205_gold.jpg?1480951693" /> </div> </div> </div> http://www.zerohedge.com/news/2016-12-05/gold-double-slammed-traders-puke-35-billion-notional-through-futures-markets#comments Endgame European Union Mon, 05 Dec 2016 15:28:25 +0000 Tyler Durden 579601 at http://www.zerohedge.com Inauguration Day Is Still A Long Way Off http://www.zerohedge.com/news/2016-12-05/inauguration-day-still-long-way <p><a href="http://www.shtfplan.com/headline-news/inauguration-day-is-still-a-long-way-off-never-underestimate-a-marxist-with-a-billion-dollars-and-an-army-of-oligarchs-to-lean-on_12042016"><em>Submitted by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne)) via SHTFPlan.com,</em></a></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_inaug.jpg"><img height="289" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_inaug.jpg" width="539" /></a></p> <p><strong>Many things have been happening in this &ldquo;transition period&rdquo; that point to one grim fact: Trump hasn&rsquo;t sworn into office as president yet.&nbsp;</strong> As a matter of fact, things are happening that may very well derail that inauguration.&nbsp; There&rsquo;s an old Irish expression: &ldquo;There&rsquo;s many a slip &lsquo;twixt the cup and the lip,&rdquo; and there&rsquo;s quite a few slippery deeds in the works in particular that bear mentioning.&nbsp; January 20, 2017 is still a long way off, and Obama isn&rsquo;t done just yet.</p> <p>From an international perspective,<strong> something very heinous happened in the dead of night just a little more than a week ago.&nbsp;</strong> The House of Representatives passed a resolution, H.R. 5732, in a special session that included the suspension of normal rules.&nbsp; Suspensions are characteristically used for bills that are not controversial.&nbsp; H.R. 5732 is as controversial as they come: it holds the <em>Caesar Syria Civilian Protection Act of 2016, with Sec. 303</em> holding <a href="http://thefreethoughtproject.com/media-silent-house-passes-no-fly-zone/#fHlegSo8QFc4GJko.99." target="_blank">the provision for the establishment of a no-fly zone over Syria</a>.</p> <p>The H.R. was introduced by Eliot Engel of New York (how surprising), and not only does the no-fly zone apply to Syrian planes in their own airspace, but also <strong>raises the prospect of engagements between U.S. and Russian aircraft</strong>.&nbsp; Trump&rsquo;s &ldquo;reset&rdquo; with Russia doesn&rsquo;t occur until January 20, and there&rsquo;s still a lot of time in between now and then.</p> <p>Also, Jill Stein is challenging the election results in Wisconsin, Michigan, and Pennsylvania.&nbsp; Isn&rsquo;t it a coincidence that the three states are &ldquo;swing&rdquo; states that could (if reversed) help to affect a reversal of the whole thing?&nbsp; Isn&rsquo;t it also a coincidence that Hillary Clinton is &ldquo;for&rdquo; a recount and lauds Stein&rsquo;s efforts?&nbsp; It&rsquo;s anybody&rsquo;s guess how much the Clinton machine paid Stein to launch her crusade.</p> <p>Meanwhile there exists the distinct possibility that many of the <a href="http://www.shtfplan.com/headline-news/its-still-not-over-they-are-trying-to-flip-the-electoral-college-to-block-trumps-win_11142016" target="_blank">electoral college &ldquo;electors&rdquo; may reverse their votes</a> for the deadline date of December 19 when they must declare and tally their choices.&nbsp; The mainstream media is, of course protecting Obama as they reported that Obama said the election was indicative of the choice of the American people.&nbsp; The media was also quick to point out that it was Obama who advised Clinton to concede defeat.</p> <p>So, Obama is insulated from all that may happen in the next few weeks, and it&rsquo;s obvious he can strike a pose of indignation when he &ldquo;finds out&rdquo; that the challenge has a &ldquo;basis in fact.&rdquo;&nbsp; Right now, Clinton and Stein are creating their case.&nbsp; They are also relying heavily on reports from many different areas that the Russians were involved in changing the vote.&nbsp; Yes, that Frankenstein monster has been charged with electricity, and the &ldquo;Russian hacking&rdquo; is surfacing to be used as a tool in this challenge to the vote.</p> <p>In addition,&nbsp;<a href="http://www.zerohedge.com/news/2016-11-25/washington-post-names-drudge-zero-hedge-anti-clinton-sophisticated-russian-propagand" target="_blank">Zero Hedge</a>&nbsp;recently posted an article written by Tyler Durden that bears reading.&nbsp; The mainstream media and their flunkies, in this case an organization named PropOrNot, the director of which gave an interview to the Washington [Com]Post (on conditions of anonymity, naturally) stating that alternative media sites have been running news articles that are Russian propaganda.&nbsp; All this, of course, with the intention of skewing the vote.</p> <p>Just about two weeks ago, Obama met with Merkel of Germany to discuss the effects of the Internet in creating dissent.&nbsp; Both of those two (the community organizer and the former East German Communist Party groupie-girl) stated the need for governments to be able to control what is released on the Internet.&nbsp; In a follow-up to this, China has called upon governments involved in ICANN (Internet Corporation for Assigned Names and Numbers) to clamp down on independent journalists and websites.&nbsp; The transfer of U.S. administration of the Internet to this foreign conglomerate (ICANN) <a href="http://www.shtfplan.com/headline-news/we-will-soon-find-out-what-true-censorship-means-obamas-surrender-of-internet-control-to-authoritarian-regimes-is-irreversible_10072016" target="_blank">took place without much fanfare</a> on October 1, 2016.</p> <p>These are harbingers of things to come.<strong>&nbsp; </strong>There will be eventual control and interference of independent news media sites under the guise of &ldquo;oversight&rdquo; and the &ldquo;protect the public&rdquo; cover statements.&nbsp; In addition to this, the alternative media will be blamed for &ldquo;complicity&rdquo; in the fraudulent claim of Russian interference in the U.S. election.</p> <p><strong>The Marxists such as Stein, and Hillary (with Soros, Podesta, and the rest of the Shadow Party) will try to reverse the election results while simultaneously demonizing the alternative media with false charges to justify their future controls over it.</strong></p> <p>So domestically, we&rsquo;re seeing a challenge to the election results, the demonization of the alternative media, and claims of Russian hacking and interference while the House of Representatives quietly passed a resolution that could very well start World War III.&nbsp; The transition period, right?&nbsp; <strong>Perhaps a transition into a world war with Obama never leaving.</strong>&nbsp; Or perhaps the transition period is only half-right.&nbsp; Obama may leave, but it may be Clinton to step in instead of Trump.</p> <p>Never underestimate a Marxist with a billion dollars and an army of oligarchs to lean on, and January 20 is a long way off.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="539" height="289" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20161205_inaug.jpg?1480944659" /> </div> </div> </div> http://www.zerohedge.com/news/2016-12-05/inauguration-day-still-long-way#comments Barack Obama China East German Communist Party Germany Hillary Clinton House of Representatives Jill Stein Michigan Politics Politics Progressivism in the United States Shadow Party Tyler Durden U.S. Securities and Exchange Commission United States United States Army Special Forces US Administration Mon, 05 Dec 2016 15:19:19 +0000 Tyler Durden 579599 at http://www.zerohedge.com "Things Have Tapered Off" - US Services Economy Jumps To 13-Month Highs But New Orders Stall http://www.zerohedge.com/news/2016-12-05/things-have-tapered-us-services-economy-jumps-13-month-highs-new-orders-stall <p>After spiking to 2016 highs in September/October, the US Services economy slipped lower in November according to Markit with <strong>signs of margin squeezes appearing as input cost inflation hits a 15-month high</strong>, but prices charged remained flat, and payrolls growth remains weak (well below average). However, <strong>ISM reported a big beat, with Services at the highest since Oct 2015 (despite a drop in new orders)</strong>.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_services.jpg"><img height="313" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_services_0.jpg" width="600" /></a></p> <p>However, as Markit notes, survey respondents noted<strong> higher food prices and efforts by suppliers to pass on increased raw material costs. However, prices charged by service sector firms rose only slightly in November. </strong></p> <p>Payroll numbers increased again in November, with the rate of job creation reaching its strongest since July. However, <strong>the latest upturn in staffing levels was still weaker than the average recorded since the jobs recovery began in early-2010.</strong></p> <p>The full ISM Breakdown...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/ISM%20Services%20table%20non-mfg.jpg"><img height="598" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/ISM%20Services%20table%20non-mfg_0.jpg" width="600" /></a></p> <p>shows Services new orders weaker...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/ism%20new%20orders%20chart%20SA%20vs%20NSA%20Dec.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/ism%20new%20orders%20chart%20SA%20vs%20NSA%20Dec_0.jpg" style="width: 600px; height: 358px;" /></a></p> <p>The Respondents were mixed:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&quot;<strong>We had almost [a] 9 percent jump month-over-month on active</strong>, secured projects in our variable side of business. We also acquired new customers in [the] past two months.&quot; (Construction)</p> <p>&nbsp;</p> <p>&quot;Looking to close out Q4 with no significant changes positive or negative. <strong>Profits overall have been above projections</strong>.&quot; (Finance &amp; Insurance)</p> <p>&nbsp;</p> <p>&quot;Our <span style="text-decoration: underline;"><strong>health plan business still continues to struggle with rising costs under Obamacare</strong></span>, which is causing the whole company to experience cost pressures.&quot; (Health Care &amp; Social Assistance)</p> <p>&nbsp;</p> <p>&quot;<span style="text-decoration: underline;"><strong>Current business conditions continue to be depressed more than desired</strong></span>; although, there appears to be slight improvement. As our business is primarily driven by the oil &amp; gas market, we follow the price of oil fairly close.&quot; (Mining)<br />&quot;Outlook for Q1 2017 is looking favorable with Q4 2016 ending as projected, perhaps slightly lower.&quot; (Professional, Scientific &amp; Technical Services)</p> <p>&nbsp;</p> <p>&quot;<strong>Increased sales for [the] holidays</strong>.&quot; (Retail Trade)</p> <p>&nbsp;</p> <p>&quot;After the beginning of the fiscal year&#39;s flurry of orders, <span style="text-decoration: underline;"><strong>things have tapered off.</strong></span>&quot; (Public Administration)</p> </blockquote> <p>Finally, commenting on the PMI data, Chris Williamson, Chief Business Economist at IHS Markit said:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;The US economy is seeing robust growth, with the business surveys pointing to encouragingly solid rates of expansion in both manufacturing and services.</p> <p>&nbsp;</p> <p>&ldquo;Looked at together, the two PMI surveys point to the pace of economic growth holding steady on October&rsquo;s 11-month high, indicating that GDP is set to rise by 0.6% (2.5% annualized) in the fourth quarter. Both sectors are benefitting primarily from stronger domestic demand.</p> <p>&nbsp;</p> <p><strong>&ldquo;The solid business survey readings not only add to the widely held view that the Fed is near certain to raise interest rates at its December meeting, but also raise the prospect of more aggressive than previously anticipated interest rate hikes in 2017.&rdquo;</strong></p> </blockquote> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="962" height="502" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20161205_services.jpg?1480950536" /> </div> </div> </div> http://www.zerohedge.com/news/2016-12-05/things-have-tapered-us-services-economy-jumps-13-month-highs-new-orders-stall#comments Business Business Economic indicators Economy Index numbers Markit Markit Obamacare Public Administration Purchasing Managers' Index recovery US Federal Reserve Mon, 05 Dec 2016 15:08:37 +0000 Tyler Durden 579596 at http://www.zerohedge.com Federal Judge Orders Michigan Recount To Start Today At Noon As Stein Vows New Lawsuit In PA http://www.zerohedge.com/news/2016-12-05/federal-judge-orders-michigan-recount-start-today-noon-stein-vows-new-lawsuit-pa <p>After both Trump and Stein, among others, filed lawsuits last Friday in Michigan, it seems that U.S. District Judge Mark Goldsmith has cleared the path for a recount this morning with an <a href="http://www.cnn.com/2016/12/05/politics/michigan-election-recount/index.html">order for election officials to begin counting ballots</a> today at noon.&nbsp; According to <a href="http://thehill.com/homenews/campaign/308725-federal-judge-orders-michigan-to-move-ahead-with-presidential-recount">The Hill</a>, Goldsmith's ruling found that Michigan's law that requires a two-business-day wating period for a recount likely violates voting rights and said the "plaintiffs here have shown a credible threat that the recount, if delayed, would not be completed by the 'safe harbor' day."</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>In his ruling, Goldsmith said a state law that requires a two-business-day waiting period to begin a recount is likely in violation of voting rights, according to the Detroit Free Press.</p> <p>&nbsp;</p> <p>In his ruling, he said the "<strong>plaintiffs here have shown a credible threat that the recount, if delayed, would not be completed by the 'safe harbor' day,"</strong> according to Politico.</p> <p>&nbsp;</p> <p><strong>"The fundamental right invoked by Plaintiffs — the right to vote, and to have that vote conducted fairly and counted accurately — is the bedrock of our Nation,"</strong> he wrote.</p> <p>&nbsp;</p> <p>"Without elections that are conducted fairly – and perceived to be fairly conducted – public confidence in our political institutions will swiftly erode."</p> </blockquote> <p>Michigan Attorney General Bill Schuette also filed a lawsuit last week to block Stein's crusade saying<strong> "it is inexcusable for Stein to put Michigan voters at risk of paying millions and potentially losing their voice in the Electoral College in the process."&nbsp;</strong> Now that the recount has officially been cleared, Schuette is calling on the courts to at least have Jill Stein cover the "millions of dollars" it will cost to conduct the process.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">It is inexcusable for Stein to put MI votes at risk of paying millions and potentially losing their voice in the Elec College.</p> <p>— A.G. Bill Schuette (@SchuetteOnDuty) <a href="https://twitter.com/SchuetteOnDuty/status/804699966610542592">December 2, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"><p dir="ltr" lang="en">The Court should require <a href="https://twitter.com/DrJillStein">@DrJillStein</a> to post a multi-million dollar bond to cover the public cost of the recount.</p> <p>— A.G. Bill Schuette (@SchuetteOnDuty) <a href="https://twitter.com/SchuetteOnDuty/status/805607734225805313">December 5, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p>As a reminder, the state of Michigan certified their election results on November 28th giving Trump a 10,704 vote lead.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><a href="http://www.michigan.gov/sos/0,4670,7-127-1633_8722_76444-397762--,00.html"><img src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2016/12/05/2016.12.05%20-%20MI%20Results_0.JPG" alt="MI" width="600" height="284" /></a></p> </blockquote> <p>&nbsp;</p> <p>Meanwhile, after the <a href="http://www.zerohedge.com/news/2016-12-03/steins-green-party-drops-pennsylvania-recount-blames-lack-funds">Green Party dropped their recount lawsuit in Pennsylvania</a>, Stein has vowed to press forward with a new lawsuit demanding a <strong>statewide "recount on constitutional grounds.</strong>"&nbsp; </p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">On Monday, I will escalate <a href="https://twitter.com/hashtag/Recount2016?src=hash">#Recount2016</a> in PA and file to demand a statewide recount on constitutional grounds. The people deserve answers.</p> <p>— Dr. Jill Stein (@DrJillStein) <a href="https://twitter.com/DrJillStein/status/805274438975492100">December 4, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p>Finally, even though Jill Stein has repeatedly denied that she is just a front for the Clinton campaign, she is now rallying supporters for a demonstration in front of Trump Tower at noon today.&nbsp; Looks like Jill isn't quite ready for her 15 minutes of fame to end just yet.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Join me at a rally in front of Trump Tower to demand fair elections! RSVP: <a href="https://t.co/OjPfjRdn3N">https://t.co/OjPfjRdn3N</a> <a href="https://twitter.com/hashtag/Recount2016?src=hash">#Recount2016</a> <a href="https://t.co/EulfDnuaw1">pic.twitter.com/EulfDnuaw1</a></p> <p>— Dr. Jill Stein (@DrJillStein) <a href="https://twitter.com/DrJillStein/status/805592671217709056">December 5, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><script src="//platform.twitter.com/widgets.js"></script> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="379" height="235" alt="" src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/Jill%20Stein%20Cat_2.JPG?1480944198" /> </div> </div> </div> http://www.zerohedge.com/news/2016-12-05/federal-judge-orders-michigan-recount-start-today-noon-stein-vows-new-lawsuit-pa#comments Activism Bill Schuette Bond Detroit Elec College Election recount Electoral College Green Party Jill Stein Michigan Michigan Attorney General Politics Recount Twitter Twitter UN Court United States United States presidential election in Florida Voting Mon, 05 Dec 2016 14:51:40 +0000 Tyler Durden 579583 at http://www.zerohedge.com Italian Crisis Sparks Buying Panic In US Stocks - Dow Hits Record High http://www.zerohedge.com/news/2016-12-05/italian-crisis-sparks-buying-panic-us-stocks-dow-hits-record-high <p>Well you have to laugh really eh?</p> <p>Dow soars to record highs...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_dow.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_dow_0.jpg" width="600" height="414" /></a></p> <p>&nbsp;</p> <p>And it's not just The Dow, global equity markets were <strong>suddenly explosively bid at the European open</strong>... (note that NASDAQ - orange - tumbled at the US cash open and was immediatley bid).</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_dow1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_dow1_0.jpg" width="600" height="370" /></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1291" height="891" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20161205_dow.jpg?1480949153" /> </div> </div> </div> http://www.zerohedge.com/news/2016-12-05/italian-crisis-sparks-buying-panic-us-stocks-dow-hits-record-high#comments Business Canadian culture Canadian English Economy Economy of New York City Economy of the United States Eh Equity Markets Finance Human Interest Interjections NASDAQ NASDAQ New Zealand culture Politics Stock market Mon, 05 Dec 2016 14:46:06 +0000 Tyler Durden 579594 at http://www.zerohedge.com In First Formal Briefing, China Says Trump "Clear" On Taiwan's Importance To Beijing, In Touch With His Team http://www.zerohedge.com/news/2016-12-05/first-formal-briefing-china-says-trump-clear-taiwans-importance-beijing-touch-his-te <p>Seeking to defuse any diplomatic tensions following Trump's phone call with Taiwanese President Tsai Ing-wen, China’s Foreign Ministry said Mr. Trump’s people understand the importance of the issue to Beijing even as Trump took to Twitter to complain about Chinese economic and military policy. </p> <p>"The whole world knows about the Chinese government's position on the Taiwan issue." ministry spokesman Lu Kang <a href="http://www.wsj.com/articles/china-trump-team-is-clear-on-taiwans-importance-to-beijing-1480933603">told a packed briefing room on Monday</a>. He added that “Taiwan-related issues are the most important and sensitive part of the China-U.S relationship.&nbsp; We believe Trump’s transition team is very clear on that.”</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/11/29/lu%20kang.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/11/29/lu%20kang_0.jpg" width="500" height="257" /></a></p> <p>Trump's unusual call with Taiwan President Tsai Ing-wen on Friday prompted a diplomatic protest on Saturday, although Lu Kang would not say directly who China had lodged "stern representations" with about Trump's call, repeating a weekend statement that it had gone to the "relevant side" in the United States. "The Chinese side in Beijing and Washington lodged solemn representations with the relevant side in the U.S. The world is very clear on China's solemn position. The U.S. side, including President-elect Trump's team, is very clear about China's solemn position on this issue."</p> <p>Pressed on who the diplomatic protest was lodged with, Lu said: "I think it's easy to understand 'the relevant side'." </p> <p>"In fact, China has maintained contacts and communication with the team of President-elect Trump," he added, repeating a previous assertion, though did not give details. Lu also said he would not speculate on what prompted the call. </p> <p>Trump, who vowed during his campaign to label China a currency manipulator, issued more tough rhetoric on Sunday. "Did China ask us if it was OK to devalue their currency (making it hard for our companies to compete), heavily tax our products going into their country (the U.S. doesn't tax them) or to build a massive military complex in the middle of the South China Sea? I don't think so!" Trump said on Twitter. </p> <p>Lu refused to be drawn on directly commenting on Trump's tweets, saying ”we have no comment on what motivated the Trump team to make such tweets,” Mr. Lu said. He defended the China-U.S. relationship. "The China-U.S. economic and trade relationship has over many years always been a highly mutually beneficial one, otherwise it couldn't have developed the way it has today," he said.</p> <p>“I know the media in the U.S. made a lot of comments on President-elect Trump during his campaign season and after his election—but for us, for China, we do not comment on his personality. We focus on his policies,” said Mr. Lu, who fielded nearly 20 questions on Mr. Trump over the course of the half-hour briefing.</p> <p>Chinese officials and state media have been restrained in their response to Mr. Trump’s talk with Ms. Tsai. Beijing lodged a formal complaint with the U.S., while the country’s State Council Taiwan Affairs Office declared the phone exchange “can’t change Taiwan’s status as a part of China.”</p> <p>State-run nationalist tabloid the Global Times called the phone conversation “jaw-dropping” and declared in an editorial that Mr. Trump “has zero diplomatic experience and is unaware of the repercussions of shaking up Sino-U.S. relations.”</p> <p>Still, the editorial said, it would be inappropriate to target Mr. Trump, as he’s not yet in office, and added that it would be best to engage in “constructive” conversations.</p> <p>In short: China - seemingly unwilling to escalate the diplomatic spat with the Trump team - is giving the President-elect leeway. We expect he will use it generously. </p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="2000" height="1026" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/lu%20kang.jpg?1480947309" /> </div> </div> </div> http://www.zerohedge.com/news/2016-12-05/first-formal-briefing-china-says-trump-clear-taiwans-importance-beijing-touch-his-te#comments Asia China China’s Foreign Ministry China–United States relations Chinese government Donald Trump presidential campaign Geography of Asia Political positions of Donald Trump Political status of Taiwan Politics Politics of Taiwan South China Sovereignty State Council Taiwan Affairs Office Taiwan Twitter Twitter Mon, 05 Dec 2016 14:28:14 +0000 Tyler Durden 579591 at http://www.zerohedge.com Internet Censorship in US and Europe Is Coordinated http://www.zerohedge.com/news/2016-12-05/internet-censorship-us-and-europe-coordinated <div> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; font-size: 13px; line-height: 1.3; font-family: lucida_granderegular, Verdana, sans-serif; width: inherit !important;"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 18px; line-height: inherit; font-family: Roboto, sans-serif; color: #818181;"><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 24px; line-height: inherit; font-family: inherit; color: #303030;">Via&nbsp;<a href="http://www.thedailybell.com/" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.2; font-family: inherit; word-wrap: break-word; color: #222222; outline-style: none; outline-width: 0px;">The Daily Bell</a><a href="http://www.thedailybell.com/news-analysis/us-domestic-tumult-orchestrated-or-not/" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.2; font-family: inherit; word-wrap: break-word; color: #1e439a;">&nbsp;</a></span></strong></em></p> </div> <div id="article_main" class="article_text" style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;"> <blockquote style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 17.5px; box-sizing: border-box; padding: 10px 20px; margin: 0px 0px 20px; border-left: 5px solid #eeeeee;"> <p style="box-sizing: border-box; font-size: 16px; line-height: 24px; padding-bottom: 8px;">The EU Is Warning American Tech Giants to Crack Down on Hate Speech Now&nbsp; … &nbsp;“They will have to act quickly and make a strong effort in the coming months.” U.S. tech giants including Facebook, Twitter, Google’s YouTube and Microsoft will have to act faster to tackle online hate speech or face laws forcing them to do so, the European Commission said on Sunday.&nbsp;<span style="box-sizing: border-box; font-weight: bold;"><a href="http://fortune.com/2016/12/05/eu-google-microsoft-facebook-twitter/" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;">-Reuters</a></span></p> </blockquote> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">Western governments are censoring speech in Europe and the US, an obvious pattern that clearly shows coordination.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">In the US, there is a congressional effort to fund intel agencies that will investigate alternative media for ties to Russian propaganda. Such investigations , if they occur, will&nbsp; retard this sector and make further, free-reporting difficult.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">In Europe, efforts to control speech and reporting are actually being aimed at American communication enterprises such as Google, YouTube and Microsoft (see excerpt above).</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">More:</p> <blockquote style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 17.5px; box-sizing: border-box; padding: 10px 20px; margin: 0px 0px 20px; border-left: 5px solid #eeeeee;"><p style="box-sizing: border-box; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px;">The European Union (EU) executive’s warning comes six months after the companies signed up to a voluntary code of conduct to take action in Europe within 24 hours, following rising concerns triggered by the refugee crisis and terror attacks.</p> <p style="box-sizing: border-box; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px;">This included removing or disabling access to the content if necessary, better cooperation with civil society organizations and the promotion of “counter-narratives” to hate speech.</p> <p style="box-sizing: border-box; font-size: 16px; line-height: 24px; padding-bottom: 8px;">The code of conduct is largely a continuation of efforts that the companies already take to counter hate speech on their websites, such as developing tools for people to report hateful content and training staff to handle such requests.</p> </blockquote> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">Top powers in the US and Europe will not likely admit coordination to crack down on Internet news and views but this is obviously what’s happening.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">It is true that European censorship justifications have a longer history. Complaints about terrorism and hate speech have been voiced for several years. In the US, the sudden emergence of concern over Russian influence on ‘Net-based media is a new phenomenon.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">Nonetheless, the House has just passed a bill to fund investigations into Russian influence on American media (see&nbsp;<span style="box-sizing: border-box; font-weight: bold;"><a href="http://www.thedailybell.com/news-analysis/will-rand-paul-fight-fake-news-with-a-filibuster/" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;">here</a></span>). Such investigations might involve the tracking of so-called Alt.right “hate speech” as well.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">Western efforts to “control” the Internet will no doubt adopt certain Chinese solutions over time. In China the Internet is actively being used as an agency of repression. Citizens are to receive ‘Net-based “grades” based on docility and how well they obey laws and generally fit in.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">The larger question as governments crack down on ‘Net-based speech is whether or not people’s awareness of what is actually going on in their societies will transcend censorship.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">History seems to show that after the Gutenberg Press&nbsp;launched an explosion of new ideas in printed form it took Western governments (and the controllers behind them) many centuries to regain control – 400 or 500 years as a matter of fact.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">Western governments face similar problems now. A whole generation of individuals has absorbed a new way of thinking promulgated by the ‘Net. This is one reason approval of mainstream media is in the single digits while up to 50 percent or more (in the US, anyway) admit to belief in “conspiracy theories” – versions of important events not dictated by government and secret forces operating behind government.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">In aggregate these views posit a different society than the current one. Today’s society is an outgrowth of World War II reorganization and depends heavily on the dictates of massive governments and even larger corporate enterprises.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">‘Net-based alternative sociopolitical organization tends to criticize such titanic social solutions and is often more libertarian based. The idea is that culture ought to dictate social organization and economic, political and even military control ought to be organized from the ground up instead of top down.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">These two models are on a collision course. Despite the intention of elites to wipe out the emergence of alternate thinking regarding social control, the insights that have been re-established via Internet communication are not going to easily or rapidly dissipate. In fact, censorship will likely reinforce their validity and emphasize their credibility.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">A whole different world view is now part of people’s consciousness, certainly in the West and likely elsewhere too, even China. Such alternative insights about money, power and politics are extraordinarily difficult to eradicate.&nbsp;Ideas of freedom, local authority and individual responsibility are not easily stamped out once they have gained – or regained – credence.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">In this case, the Western intelligentsia has been reawakened&nbsp;<em style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;">en masse</em>&nbsp;to an alternative cultural model that has its roots in thousands of years of practice and application. These cultural solutions stand clearly in opposition to the current sociopolitical formula that emphasizes bigness and technocratic authoritarianism.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">Anti-war, pro-individual freedom, private money and private justice, these precepts have found their way into intellectual circulation once more. They are extraordinarily compelling and will continue to have an influence far beyond what is easily apparent.</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">As this article was being posted, ZeroHedge reported that Naked Capitalism's Yves Smith threatened The Washington Post with a defamation suit and demanded a retraction for reporting that the website was in league with Russian interests. We're actually surprised a class action lawsuit hasn't been launched as numerous websites have been smeared by these accusations. Could such a lawsuit be aimed at Congress as well (despite sovereign immunity)?&nbsp;</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;"><span style="box-sizing: border-box; font-weight: bold;">Conclusion:&nbsp;</span>History may well repeat in the 21<span style="box-sizing: border-box; position: relative; font-size: 12px; line-height: 0; top: -0.5em;">st</span>&nbsp;century, but not necessarily in ways current elites are hoping.</p> <div id="article_main" style="color: #000000; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; box-sizing: border-box; font-variant-numeric: inherit; font-stretch: inherit; line-height: inherit;"> <p style="box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.3; font-family: inherit;"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;"><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;">Edit</strong><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;">or's Note:&nbsp;</strong><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;">The Daily Bell is giving away a silver coin and a silver "white paper" to subscribers. If you enjoy DB's articles and want to stay up-to-date for free, please subscribe&nbsp;<strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;"><a href="http://www.thedailybell.com/" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.2; font-family: inherit; word-wrap: break-word; color: #1e439a;">here</a>.&nbsp;</strong></strong></em></p> </div> <p style="color: #000000; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; line-height: 1.3;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;">More from</span><a href="http://www.thedailybell.com/" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.2; font-family: inherit; word-wrap: break-word; color: #1e439a;">&nbsp;The Daily Bell:</a><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;">&nbsp;</span></p> <p style="color: #000000; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; line-height: 1.3;"><strong style="font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; box-sizing: border-box; font-stretch: inherit; line-height: inherit; color: #1e439a;"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; text-decoration: underline;"><a href="http://www.thedailybell.com/news-analysis/will-rand-paul-fight-fake-news-with-a-filibuster/" style="color: #1e439a; box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.2; font-family: inherit; word-wrap: break-word;">Will Rand Paul Fight Fake News With a Filibuster?<br /></a></span></em></strong><strong style="font-family: &quot;Lucida Grande&quot;, &quot;Lucida Sans Unicode&quot;, sans-serif; font-size: 13.008px; font-style: inherit; font-variant: inherit; box-sizing: border-box; font-stretch: inherit; line-height: inherit;"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit;"><a href="http://www.thedailybell.com/news-analysis/rand-corp-blasts-truth-decay-wants-facts-determined-by-appropriate-leaders-2/" style="color: #1e439a; font-family: inherit; font-size: inherit; box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: 1.2; word-wrap: break-word;">Rand Corp. Blasts ‘Truth Decay’ – Wants Facts Determined by Appropriate Leaders</a><span style="color: #303030; font-family: Roboto, sans-serif;"><span style="font-size: 24px;">&nbsp;</span></span></em></strong></p> <p style="color: #000000; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; line-height: 1.3;"><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; color: #1e439a;"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; text-decoration: underline;"><a href="http://www.thedailybell.com/news-analysis/elites-plot-to-replace-austrian-free-market-economics/" style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.2; font-family: inherit; word-wrap: break-word; color: #1e439a;">Elites Plot to Replace Austrian Free-Market Economics?</a></span></em></strong></p> <p style="color: #000000; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; box-sizing: border-box; margin-top: 0.25em; margin-bottom: 0.75em; font-variant-numeric: inherit; font-stretch: inherit; line-height: 1.3;">&nbsp;</p> <p style="color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 16px; box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; line-height: 24px; padding-bottom: 8px;">&nbsp;</p> </div> http://www.zerohedge.com/news/2016-12-05/internet-censorship-us-and-europe-coordinated#comments Censorship China civil society Congress Digital media European Commission European Union European Union Google Hate speech Historical revisionism Internet Politics Technology Twitter Twitter Mon, 05 Dec 2016 14:23:08 +0000 TDB 579592 at http://www.zerohedge.com "Fake News" Site Threatens Washington Post With Defamation Suit, Demands Retraction http://www.zerohedge.com/news/2016-12-05/fake-news-site-threatens-washington-post-defamation-suit-demands-retraction <p>As the "fake news" narrative grows, and <a href="http://www.zerohedge.com/news/2016-12-02/house-quietly-passes-bill-targeting-russian-propaganda-websites">The House quietly passes a bill to "counter Russian propoganda" websites</a>, one alleged 'fake' news wesbite - as defined by the farcical PropOrNot organization - has struck back. <a href="http://www.nakedcapitalism.com/2016/12/we-demand-that-the-washington-post-retract-its-propaganda-story-defaming-naked-capitalism-and-other-sites-and-issue-an-apology.html">Naked Capitalism's Yves Smith</a> has <strong>threatened The Washington Post with a defamation suit and demanded a retraction</strong>.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><strong>As the lawyers like to say,&nbsp;<a href="https://en.wikipedia.org/wiki/Res_ipsa_loquitur" target="_blank" rel="nofollow">res ipsa loquitur</a>.</strong> Please tweet and circulate this letter widely. You will notice that our attorney&nbsp;<a href="http://www.grossolaw.com/our-firm/james-moody/" target="_blank" rel="nofollow">Jim Moody</a>&nbsp;is a seasoned litigator who has won cases before the Supreme Court. He has considerable experience in First Amendment and defamation actions. Past high profile representations include Westomoreland v. CBS and defending Linda Tripp.</p> <p>&nbsp;</p> <p>I also hope, particularly for those of you who don’t regularly visit Naked Capitalism, that you’ll check out our related pieces that give<strong> more color to how the fact the Washington Post was taken for a ride&nbsp;<a href="http://www.newyorker.com/news/news-desk/the-propaganda-about-russian-propaganda" target="_blank" rel="nofollow">by inept propagandists</a>, </strong>particularly our introduction to our spoof&nbsp;<a href="http://www.propornot.org/" target="_blank" rel="nofollow">PropOrNot.org</a>&nbsp;site, which uses the PropOrNot project as an example of sorely deficient propaganda and shows where it went wrong, or&nbsp;<a href="http://www.propornot.org/" target="_blank" rel="nofollow">the humor site itself</a>. Be sure not to miss its FAQ.</p> <p>&nbsp;</p> <p>We have another post today that describes how <strong>the few things that are verifiable on the PropOrNot site don’t pan out,</strong> as in the organization is not simply a group of inept propagandists but also appears to deal solely in fabrications. </p> <p>&nbsp;</p> <p><em><strong>If the site is flagrantly false with respect to things that can be checked, why pray tell did the Washington Post and its fellow useful idiots in the mainstream media validate and amplify its message?</strong></em> Strong claims demand strong proofs, yet the Post appeared content to give a megaphone to people who make stuff up with abandon. No wonder the members of PropOrNot hide as much as they can about what they are up to; more transparency would expose their work to be a tissue of lies.</p> </blockquote> <p><iframe src="https://www.scribd.com/embeds/333282597/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-SFsTOjb47eR1AYqNP4gj&amp;show_recommendations=true" width="100%" height="600" frameborder="0" scrolling="no"></iframe></p> <p><strong>We fully endorse Yves Smith's efforts.<br /> </strong></p> <p>Additionally, we note that the only reason we haven't followed up with a similar action is because i) the allegations were beyond laughable - we have rejected all of them <em><strong>on the record</strong></em>, and ii) there are simply too much other events taking place in what should otherwise be a quiet end to the year taking place to focus on what may be a lenghty, if gratifying, legal process. </p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="223" height="115" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20161205_liar.jpg?1480946562" /> </div> </div> </div> http://www.zerohedge.com/news/2016-12-05/fake-news-site-threatens-washington-post-defamation-suit-demands-retraction#comments Behavior Bullying Censorship Crimes Defamation First Amendment Naked Naked Capitalism Oral literature PropOrNot Supreme Court Tort law Transparency Vocal music Mon, 05 Dec 2016 14:11:24 +0000 Tyler Durden 579588 at http://www.zerohedge.com Bill Ackman is Back: Pershing Square Posts 10% Gain in November http://www.zerohedge.com/news/2016-12-05/bill-ackman-back-pershing-square-posts-10-gain-november <p>Bill Ackman is a billionaire for a reason. While most of you mere millionaire spartan types struggle to keep up with the Joneses, <a href="http://www.vanityfair.com/news/2013/02/bill-ackman-daniel-loeb-bike-ride">Montauk Bill</a> is constructing giant buildings and acquiring $100 million apartments as a matter of leisure and 'fun.'</p> <p>He takes gigantic positions in soon to be bankrupt biotech companies and shorts the shit out of stocks that soar. But none of that matters, for Bill is blessed by the Gods to continue his quest to collect billions of dollars and to make Pershing Square great again.</p> <p>Thanks to his positions in FNMA, CP, APD and QSR, Ackman enjoyed a rather effervescent lift in November, climbing by 10% -- cutting his losses in half for 2016. About $500m of the gains were propelled by Fannie Mae, all thanks to Trump. Also, his HLF short plunged 19%.</p> <p>Bear in mind, 6 months ago, Bill was besieged in ruin. His fund was down 25%, following a horrendous 2015 (-20.5%). To be down just 10% for the year is truly evidence of the genius of Bill, a man who needs no introduction or assistance as it pertains to the art of professional money management.</p> <p>Congrats to Bill for making it back and double congrats to clients of Pershing for only losing 10% this year and just -30% over the past two.</p> <p>&nbsp;</p> <p>Content originally generated at&nbsp;<a href="http://ibankcoin.com/" style="font-size: 13.008px;">iBankCoin.com</a></p> <script src="//platform.twitter.com/widgets.js"></script> http://www.zerohedge.com/news/2016-12-05/bill-ackman-back-pershing-square-posts-10-gain-november#comments Ackman Bill Ackman Economy of the United States Fannie Mae Fannie Mae Finance Money None Pershing Square Pershing Square Mon, 05 Dec 2016 14:06:06 +0000 The_Real_Fly 579587 at http://www.zerohedge.com Draghi 'Put' Steadies Stocks As Italian Banking System Collapses http://www.zerohedge.com/news/2016-12-05/draghi-put-steadies-stocks-italian-banking-system-collapses <p><strong>The Draghi put is still alive</strong> - or at least that&rsquo;s what the market seems to think, judging by the response to the Italian vote outcome.</p> <p><u><strong>The Plunge Protection Team was very evident at the European open...</strong></u></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA3.jpg"><img height="319" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA3_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p>But as Bloomberg notes, while a rejection of Renzi&rsquo;s reform proposals was expected, political instability and uncertainty over <strong>the fate of the country&rsquo;s troubled banks aren&rsquo;t fully priced in, </strong>and bank stocks are tumbling (after a panic bid at the open)...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA1.jpg"><img height="299" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA1_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p>And Italian bank bonds are a bloodbath...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA5.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA5_0.jpg" style="width: 600px; height: 332px;" /></a></p> <p>&nbsp;</p> <p>And as the vicious circle between the sovereign and the banking system escalates, so Italian default risk is at 3 yeear highs...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA2.jpg"><img height="310" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA2_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p>But for now, the market seems to be relieved that the ECB will have yet another reason to extend QE when it meets later this week... which means Buy Euros?</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA4.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/12/02/20161205_ITA4_0.jpg" style="width: 600px; height: 314px;" /></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="964" height="481" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20161205_ITA1.jpg?1480945451" /> </div> </div> </div> http://www.zerohedge.com/news/2016-12-05/draghi-put-steadies-stocks-italian-banking-system-collapses#comments Business Central banks Currency default Draghi Economy Economy of the European Union Euro European Central Bank Eurozone Mon, 05 Dec 2016 13:57:37 +0000 Tyler Durden 579586 at http://www.zerohedge.com