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Chris Whalen: “Glad I Am On A George Soros-Funded Blacklist Of Journalists”
Chris Whalen: “Glad I Am On A George Soros-Funded Blacklist Of Journalists”
At the end of his note today (via TheInstitutionalRiskAnalyst.com), Chris Whalen dropped the following bombshell…
Finally, we cannot fail to mention that The IRA’s Chris Whalen has been included in the list of enemies compiled by the minions of George Soros.
We are in decidedly good company. David Ignatius. Ann Coulter. The editor of The Nation. The “tout US journalism.”
Apparently everybody who is anybody in the world of media has earned the enmity of Mr. Soros, the architect of the Ukraine disaster and one of the world’s great war mongers.
We bask in his scorn.
For anyone that knows Chris, this is certainly a shock to discover he is so subversive. In a tweet slamming the “authoritarian tilt of warmongers like Soros,” Whalen links to an excellent discussion by Renegade’s Claire Connelly… and why black lists matter…
There’s a scene in Aaron Sorkin’s critically acclaimed political drama, The West Wing, where President Bartlet, (played by Martin Sheen) is in an argument with his communications director, Toby Ziegler, (played by Richard Schiff) over a speech he has to write condemning Hollywood for its gratuitous use of sex and violence in entertainment:
“…If I were an actor or a writer or uh, uh, uh, a producer in Hollywood and someone were to start coming at me with lists of things that were American and un-American I’d start to think that this was sounding eerily familiar.”
Bartlett replies: “Do I look like Joe McCarthy to you?”, to which Ziegler responds: “Nobody ever looks like Joe McCarthy, Mr President. How do you think they get in the door in the first place?”
Well, I’m afraid to say, Democracy 2.0 is having its own, new, modern-day McCarthy moment.
…click on the above link to read the rest of the article…
Our Brave New ”’Markets”’
One thing is clear: These aren’t your daddy’s markets anymore.
Why? Because about 10 years ago the Rise of the Machines (aka high frequency trading algorithms) completely altered the terrain of what we call the ‘capital markets.’
Let’s look at this as a before and after story.
Before the machines, markets were a place that humans with roughly equal information and reflexes set the prices of financial assets by buying and selling. Fundamentals mattered.
After the machines took over, markets became dominated — in terms of volume, liquidity and pricing — by machines that operate in time frames of a millionth of a second. The machines and their algorithms use remorseless routines and trickery — quote stuffing, spoofing, price manipulations — to ‘get their way.’
Fundamentals no longer matter; only endless central bank-supplied liquidity does. Because such machines and their coders are very expensive and require a lot of funding.
The various financial markets are so distorted that I first resorted to putting that word in quotes – “markets” – to signify that they are not at all the same as in the past. In recent years I’ve taken to putting double quote marks – “”markets”” – in attempt to drive home their gross distortion. Not only are todays “”markets”” something the human traders of a generation ago would fail to recognize, they’re no longer a place where human actions of any sort have much of a remaining role.
Why care about this? Two big reasons:
- Such “”markets”” are easily manipulated by central banks and other state actors by virtue of their automated responses to liquidity injections. Are the markets going down when you don’t want them to? Just use any one of several highly leveraged means of signaling to the computers that it’s time to buy instead of sell. Common leverage points include the Japanese Yen-to-USD price level, selling VIX to lower volatility, and buying massive quantities of index futures ‘all at once.’
…click on the above link to read the rest of the article…
