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November 10, 2016 | Message Delivered – Will it Be Heard?

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Glenn Greenwald at the Intercept discusses Democrats, Trump, and the Ongoing, Dangerous Refusal to Learn the Lesson of Brexit

Greenwald understands what took place and why, as the Democratic mainstream media still scrambles to understand what took place.

Hillary herself was so confident she planned a monster big party in a glass ceiling room supposedly symbolic of her becoming the first woman president.

Fireworks on Ice

The New York Post discusses Hillary’s Giant Victory Celebration.

Law enforcement officials and the FDNY have been told to prepare for a barge-launched pyrotechnic display off Manhattan’s Javits Center, where Clinton and running mate Tim Kaine will join their supporters for the Nov. 8 vote count, sources said.

The aerial detonations would last for two minutes, with the triumphal celebration permitted to start as early as 9:30 p.m. — a mere half-hour after the polls close in New York, sources said.

Cops and firefighters were blown away by Clinton’s hubris in planning the fireworks display, which would eclipse the shower of blazing sparkles that preceded the balloon drop at July’s Democratic National Convention.

“It’s a little presumptuous of her to plan on winning. I guess she put in for this before Friday,” one NYPD detective said.

Others said the actual election results could put a damper on things, but one firefighter raised the specter of a 2000-style recount and added, “So what’s she going to do, put the fireworks on ice?”

Glass Ceiling Collision

Time Magazine reports Hillary Clinton Collides Again With Highest Glass Ceiling.

Other than the bit about a collision with a glass ceiling, Time magazine blames the “stench of sexism”.

Let’s tune into Greenwald in a lengthy but important snip.

The parallels between the U.K.’s shocking approval of the Brexit referendum in June and the U.S.’ even more shocking election of Donald Trump as president last night are overwhelming. Elites (outside of populist right-wing circles) aggressively unified across ideological lines in opposition to both. Supporters of Brexit and Trump were continually maligned by the dominant media narrative (validly or otherwise) as primitive, stupid, racist, xenophobic, and irrational. In each case, journalists who spend all day chatting with one another on Twitter and congregating in exclusive social circles in national capitals — constantly re-affirming their own wisdom in an endless feedback loop — were certain of victory. Afterward, the elites whose entitlement to prevail was crushed devoted their energies to blaming everyone they could find except for themselves, while doubling down on their unbridled contempt for those who defied them, steadfastly refusing to examine what drove their insubordination.

The indisputable fact is that prevailing institutions of authority in the West, for decades, have relentlessly and with complete indifference stomped on the economic welfare and social security of hundreds of millions of people. While elite circles gorged themselves on globalism, free trade, Wall Street casino gambling, and endless wars (wars that enriched the perpetrators and sent the poorest and most marginalized to bear all their burdens), they completely ignored the victims of their gluttony, except when those victims piped up a bit too much — when they caused a ruckus — and were then scornfully condemned as troglodytes who were the deserved losers in the glorious, global game of meritocracy.

That message was heard loud and clear. The institutions and elite factions that have spent years mocking, maligning, and pillaging large portions of the population — all while compiling their own long record of failure and corruption and destruction — are now shocked that their dictates and decrees go unheeded. But human beings are not going to follow and obey the exact people they most blame for their suffering. They’re going to do exactly the opposite: purposely defy them and try to impose punishment in retaliation. Their instruments for retaliation are Brexit and Trump. Those are their agents, dispatched on a mission of destruction: aimed at a system and culture they regard — not without reason — as rife with corruption and, above all else, contempt for them and their welfare.

For those who tried to remove themselves from the self-affirming, vehemently pro-Clinton elite echo chamber of 2016, the warning signs that Brexit screechingly announced were not hard to see. Two short passages from a Slate interview I gave in July summarized those grave dangers: that opinion-making elites were so clustered, so incestuous, so far removed from the people who would decide this election — so contemptuous of them — that they were not only incapable of seeing the trends toward Trump but were unwittingly accelerating those trends with their own condescending, self-glorifying behavior.

1. Democrats have already begun flailing around trying to blame anyone and everyone they can find — everyone except themselves — for last night’s crushing defeat of their party.

Put simply, Democrats knowingly chose to nominate a deeply unpopular, extremely vulnerable, scandal-plagued candidate, who — for very good reason — was widely perceived to be a protector and beneficiary of all the worst components of status quo elite corruption. It’s astonishing that those of us who tried frantically to warn Democrats that nominating Hillary Clinton was a huge and scary gamble — that all empirical evidence showed that she could lose to anyone and Bernie Sanders would be a much stronger candidate, especially in this climate — are now the ones being blamed: by the very same people who insisted on ignoring all that data and nominating her anyway.

It goes without saying that Trump is a sociopathic con artist obsessed with personal enrichment: the opposite of a genuine warrior for the downtrodden. That’s too obvious to debate. But, just as Obama did so powerfully in 2008, he could credibly run as an enemy of the D.C. and Wall Street system that has steamrolled over so many people, while Hillary Clinton is its loyal guardian, its consummate beneficiary.

2. That racism, misogyny, and xenophobia are pervasive in all sectors of America is indisputable from even a casual glance at its history, both distant and recent.

There are reasons why all presidents until 2008 were white and all 45 elected presidents have been men. There can be no doubt that those pathologies played a substantial role in last night’s outcome. But that fact answers very few questions and begs many critical ones.

To begin with, one must confront the fact that not only was Barack Obama elected twice, but he is poised to leave office as a highly popular president: now viewed more positively than Reagan.

3. Over the last six decades, and particularly over the last 15 years of the endless war on terror, both political parties have joined to construct a frightening and unprecedentedly invasive and destructive system of authoritarian power, accompanied by the unbridled authority vested in the executive branch to use it.

As a result, the president of the United States commands a vast nuclear arsenal that can destroy the planet many times over; the deadliest and most expensive military ever developed in human history; legal authorities that allow him to prosecute numerous secret wars at the same time, imprison people with no due process, and target people (including U.S. citizens) for assassination with no oversight; domestic law enforcement agencies that are constructed to appear and act as standing, para-militarized armies; a sprawling penal state that allows imprisonment far more easily than most Western countries; and a system of electronic surveillance purposely designed to be ubiquitous and limitless, including on U.S. soil.

It was only a matter of time before instability, backlash, and disruption resulted. Both Brexit and Trump unmistakably signal its arrival. The only question is whether those two cataclysmic events will be the peak of this process, or just the beginning. And that, in turn, will be determined by whether their crucial lessons are learned — truly internalized — or ignored in favor of self-exonerating campaigns to blame everyone else.

Celebration on Ice, Permanently

Hillary’s fireworks are on ice, permanently, and gratefully. The idea that women would or should vote for Hillary just because she is a woman is blatantly sexist in and of itself.

mish

Time Magazine doesn’t get it. Nor does mainstream media in general, nor do all the phonies in Hollywood.

Glenn Greenwald explained in detail what happened and why. Here is my short version.

Social Mood Boils Over

Social mood finally boiled over. People are Fed up with inflation and their money buying less and less, they are fed up with perpetual war, they are Fed up with Fed policies that benefit the wealthy at the expense of everyone else. The masses do not understand the Fed is at the center of this, but they are angry. Hillary was the Wall Street greed candidate who promised more of the same. Sexism may have been in play, in some minor way, but this was about social mood, not sex.

Greenwald did make one small error. He stated the “message was heard loud and clear.”

He should have said the “message was delivered loud and clear”

Message delivered. Will it be heard?

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Mike “Mish” Shedlock

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November 10th, 2016

Posted In: Mish Talk

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