University to Review Halloween Costumes for ‘Racism’

University to Review Halloween Costumes for ‘Racism’

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The University of Wisconsin-LaCrosse is continuing to make headlines for what some believe is going too far to protect students from being offended, this time by holding a review of Halloween costumes to make sure nobody is accidentally racist.

University of Wisconsin – La Crosse: Students Encourages To Submit Their Halloween Costumes For Review For Possible Racist Elements

Students Encouraged to Submit Their Costumes For Review For Possible Racist Elements

The event is to be hosted by Dr. Richard M. Breaux, an assistant professor in the Ethnic and Racial Studies Department, who also offered the presentation two years ago.

We spoke to Breaux who explained that he will be providing a discussion on costumes using slides, and that students will not be dressing up. He considers the course a “public service,” as students, admittedly sometimes unintentially, often find themselves in trouble for their choice of Halloween party attire.

“We would rather say hey be mindful, instead of having a photo appear on a social network and get into trouble,” Breaux explained.

We asked if he believed that events like these, aimed at making sure nobody anywhere is ever offended, are infantilizing students and he insisted that he does not, and is simply “encouraging students to think critically.”

“These are things we have identified as getting students into trouble before, whether with the institution or socially,” Breaux stated, acknowledging that often times the students mean no harm with their costume choices. “Students can quickly and unintentionally have to defend a costume choice they made which can impact their future employment, or even have them kicked out of school.”

Asked if he agrees with the punishing of students who meant no harm and accidentally caused offense, Breaux explained that it comes down to “intent and impact,” and that students should attend the event to be proactive and not make that mistake.

“The first line of defense is to try to educate people so they don’t make the mistake,” he stated.

The October 5th event is just the latest incident at the university to spark controversy online about the possible pandering to outrage culture on the UWL campus.

Last week, it was reported that one student had lodged a very serious complaint with the campus “hate response” team over a Harry Potter mural in one of the dorms.

The mural in Laux Residence Hall was of Neville Longbottom, who was a nerdy goof in the films and later became a handsome stud. It jokingly showed paintings of the character “before and after Laux,” playfully asserting that the dorm makes you hotter.

The student who complained wrote to school officials claiming the mural “represents our ideal society and everything I am trying to fight against.”

“It represents white power. Man power. Cis power. Able power. Class power. ECT [sic] ect. I am angry that I know the people who put this mural up, and I am anger [sic] because I know the people who let this mural be put up,” the unnamed student continued. “Like I said earlier, maybe I am being a little sensitive, but it is how I feel. This represents, to me, our society, and I do not want it up on this wall. Why do we need a BEFORE and AFTER?”

In another incident in April, the school’s “hate response team” investigated chalk drawings that simply supported Donald Trump after he held a rally in town.

The team posted this to Facebook in response:

“The Hate Response Team is aware of several chalkings across campus that promote Trump 2016, including messages like “Build the Wall,” “All Lives Matter,” and “Stop Illegal Immigration.” While we respect peoples’ right to express their opinions, we also recognize that some communities on campus experience these messages as discriminatory or hostile.

All manifestations of prejudice and intolerance are contradictory to our mission as a university. If you experience any bigotry on or off campus, please turn to trusted friends and/or campus resources for support. You can also file a hate/bias incident report here.

Again, please remember that members of our Hate Response Team are here to support the individual and collective impacted by hate/bias and to stand up against all forms of oppression. In fact, we believe the university and all people of conscience must raise their voices in support of our university’s shared values of civility, inclusion and acceptance.”

Media Trackers also reports that in December, school officials went to law enforcement over a truck driver working with a private company who had a rebel flag on his truck’s grille. The man was doing work on a building project on campus, and apparently causing offense is reason for this school to involve the cops.

Vice Chancellor Paula Knudson, who had went to the police over the flag, apologized to students who may have experienced “fear or angst” over it.

College is meant to be a time to share different ideas, and learn to live and function in a world with people who don’t always share your views or life experiences. The current war on free speech and freedom of expression on campuses across the nation is not only hurting those ending up on the wrong side of the witch hunt — but also the students who are essentially being protected from experiencing even the mildest negative emotions. How are these young adults expected to function in society once nobody is there to protect them from experiencing disagreements?

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Cassandra Fairbanks is a DC-based writer and political commentator who has been published in a range of outlets including Sputnik News, Teen Vogue, TeleSUR, and Bipartisan Report.

Congressional Leaders Caving to Saudi Pressure on 9/11 Bill?

Congressional Leaders Caving to Saudi Pressure on 9/11 Bill?

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The White House is mocking Congress, saying they are having a “classic case of rapid onset buyer’s remorse,” after House and Senate leaders admitted that there may be unintended consequences of the Justice Against Sponsors of Terrorism Act — the day after Saudi Arabia warned of consequences.

U.S.-Backed Saudi Coalition Bombs School, Hospital In Yemen

The House is now considering a bill to “fix” JASTA when they return from recess after the election. House Speaker Paul Ryan validly expressed concerns about service members potentially facing lawsuits in other nations as it currently stands.

“So I’d like to think that there’s a way we could fix so that our service members do not have legal problems overseas, while still protecting the rights of the 9/11 victims, which is what JASTA did do,” Ryan said in a statement to the press on Thursday.

Likewise, Senate Majority Leader Mitch McConnell admitted that they didn’t really think this thing through when they overrode President Obama’s veto. It is mildly hard to believe that these lawmakers were unaware of consequences however, as they were widely reported in almost every media outlet, even if they did not do their own homework.

“Nobody really had focused on the potential downside in terms of our international relationships,” McConnell told USA Today. “I think it was just a ball dropped.”

McConnell also stated that he blames Obama for not expressing his concerns with the current wording sooner. Perhaps he just meant, he wasn’t sure how strongly our buddies in Saudi Arabia would react.

“I hate to blame everything on him. And I don’t,” he said. “But it would have been helpful had we had a discussion about this much earlier than last week.”

Immediately following the vote, the White House called the override the  “most embarrassing” thing the US Senate has ever done.

The White House also responded to the late concerns over consequences by saying that ignorance is not an excuse — although some may argue that there have been mixed signals being sent on that issue, given Hillary Clinton’s lack of charges over her email server.

“I think what we’ve seen in the United States Congress is a pretty classic case of rapid onset buyer’s remorse,” White House Press Secretary Josh Earnest said. “It’s hard to take at face value the suggestion that somehow they were unaware of the consequences of their vote. But even if they were, what’s true in elementary school is true in the United States Congress, ignorance is not an excuse, particularly when it comes to our national security and the safety and security of our diplomats and our service members.

The “buyers remorse” came the morning after Saudi royals condemned the vote, and warned of “serious unintended consequences.”

JASTA applies to any act of terrorism on US soil, but the primary focus has been on Saudi involvement in the 9/11 attacks which left roughly 3,000 people dead.

“The erosion of sovereign immunity will have a negative impact on all nations, including the United States,” Riyadh said in a statement on Thursday. The kingdom further stated that it hopes Congress will work “to avoid the serious unintended consequences that may ensue.”

JASTA is intended to allow for victims and the families of the 2001 attacks to sue the Saudi government. Riyadh has denied funding the terrorists who attacked the World Center and killed nearly 3,000 people, despite 15 of the 19 hijackers being Saudi Arabian nationals.

While Saudi Arabia hates the bill, and lobbied hard against it, the American public is overwhelmingly in favor of it — as it currently stands.

“Reflecting the desire to keep the public placated, while at the same time giving in to Saudi demands, Sens Bob Corker (R – TN) and Lindsey Graham (R – SC) both indicated that the ‘fixes’ would be implemented after the November elections, during the lame duck session,” Antiwar.com reported.

So for now, the bill is law, but after the elections it will be watered down to nothing to please the Saudi’s instead of the American people.

Here is a related public service announcement:

https://youtu.be/UoVXp3nqNfo

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Cassandra Fairbanks is a DC-based writer and political commentator who has been published in a range of outlets including Sputnik News, Teen Vogue, TeleSUR, and Bipartisan Report.

Chicago Doctor Busted for Making ‘Vaccines’ from Cat Saliva and Vodka

Chicago Doctor Busted for Making ‘Vaccines’ from Cat Saliva and Vodka

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An Illinois doctor in a suburb of Chicago has had his license suspended for confessing he was giving patients homemade vaccines — made from cat saliva and vodka.

cat

The doctor, Ming Te Lin, told the investigators from the Illinois Department of Financial and Professional Regulation not to worry however — as he has been giving children his homemade and unapproved vaccines for over a decade.

The department did not receive any complaints from his patients, but rather from other healthcare providers who were concerned about the fact that children who went to Lin’s practice were being given unapproved oral and nasal versions of vaccinations.

“After hearing complaints … investigators visited Lin’s Flossmoor practice,” the AP reports. “They found a cluttered, unsterile office and ‘a box filled with vials and tubes that [Lin] was using to make his own vaccinations’.”

If a patient of family member had a history of autism, eczema, or neurological disorders, he would administer them orally or nasally — despite the method not being approved by the Food and Drug Administration or any other medical organization.

Lin is also accused of falsely signing paperwork asserting that he had administered conventional vaccines to his patients, instead of ones containing cat spit.

Patients who were given the unapproved vaccines even included a seven-day-old infant.

Lin admitted to investigators that he had been making his vaccination blend using vodka and cat saliva for patients with allergies. He claimed that he was using a device called the Wavefront 2000 to detoxify mercury from the cat saliva — yet the device’s claims are all based on pseudo science.

Gizmodo reports that the manufacturer describes the machine as, “an electronic device that detects the unique, subtle electro-magnetic frequency information of any substance placed in its input well and imprints the signal into a carrier fluid placed in the output well. The signal can be inverted to form an anti-allergen remedy.”

Lin is set to appear before the Medical Disciplinary Board on October 11.

“It’s unclear whether or not the saliva was from Dr. Lin’s own cat, or random cats he found for the purpose of collecting their spit,” The Influence, a news site covering medicine, noted.

 

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Cassandra Fairbanks is a DC-based writer and political commentator who has been published in a range of outlets including Sputnik News, Teen Vogue, TeleSUR, and Bipartisan Report.

VIRAL MEMETAGE: Pepe The Frog Declared A Hate Symbol By ADL

VIRAL MEMETAGE: Pepe The Frog Declared A Hate Symbol By ADL

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The infamous 4chan meme Pepe the frog has been declared a symbol of hate by the ADL (Anti-Defamation League). A  protester recently screamed “Pepe” at a Hillary Clinton rally.

Pepe the frog has had a very sad morning today sitting in his cookie monster pajamas sipping his coffee learning on CNN that he is now declared a hate symbol.

pepesadfrog

“Y U NO liek me” pepe has said. 4chan has responded with the same rhetoric as usual calling ADL newfags.

This is the equivalent to declaring Grumpy Cat too mean or the Antoine Dodson meme racist/sexist/homophobic – they literally just declared a meme a hate symbol?

What about Sesame Street’s Bert? Everyone knows Bert is Evil like GOOGLE!

Does this mean that anyone who uses Pepe or says “Pepe” will be added to ADL’s list?

So many questions so little time, much wow.

Ermahgerd what’s next? 9/11 truth memes are supporting ISIS/Terrorism? “But wait there’s more a third building fell on 9/11 WTC7” Billy Mays said.

Double rainbow all the way OH MY GOD!

billymays

 

This declaration by the ADL should seriously worry everyone, despite only being a meme this is a huge attack on freedom of speech and expression, memers everywhere should be outraged by this declaration. Fucking white males (Matt Damon), punctuation saves lives, ADL tell me more about this classification of a meme as a hate symbol? I’ve got my pants on the ground but ceiling cat is watching you ADL. It’s time for some campaignin keyboard cat is very angry like that German kid playing counter-strike quick diffuse the bomb! Feels bad man..

Don’t Tase Me BRO! Shout out to our amazing editor and the walking meme man himself Andrew Meyer for not being a grammar nasi for this memetage forgive me for this MC-Hammer remix! Don’t edit me bro!

I just have FIVE final questions for the ADL do you like caek or how about cheezburgers, do you like Caterdays? Haz any mudkipz? Is the flying Spaghetti monster next on your meme character hit list of hate crimes are you going to imprison memes? Maybe I should ask a ninja? I Hope your answer is better then Miss South Caroli0na’s.  Chuck Norris is going to kick your ass my niggah ima let you finish but I just received a text from Hillary Clinton at least it wasn’t an email.. PROFIT?!?!?! THIS IS SPARTA! I Challenge you to an Epic rap battle, Were GONNA DO IT LIVE! Fuck it! TROLOLOLOLOLOLOL but watch your back they raping errrrybody out here you just got rick-rolled dog Xzibit out.

myniggah

THANK YOU BASED GOD m00t, ADL all your base are belong to us listen to NoNoNoCat declaring memes a hate symbol is stupid and wrong don’t you have better things to do with your time then meddling with freedom of expression protected under the first Amendment of the U.S. constitution? U mad Bro? Speaking of time it’s peanut butter and jelly time! I regret Nothing! #FirstWorldProblems /b/ for lyfe!

bestmeme

 

 

 

 

 

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I am an Activist a writer a blogger and an investigative journalist writing for (www.wearechange.org)

A Radio host of the Blog-talk Radio Series:
#SmokeScreenDisclosure

My Sources are everywhere..
Enemy of the New World Order.

Diplomacy Is Over As Russia and The U.S Face Off

Diplomacy Is Over As Russia and The U.S Face Off

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In this video Luke Rudkowski covers the latest news of both Russia and the U.S moving away from diplomacy and cooperation. This is leading to a very serious geo political situation that is extremely important.

Sources

http://indianexpress.com/article/worl…

http://www.debka.com/article/25696/US…

http://www.zerohedge.com/news/2016-09…

http://www.voanews.com/a/kerry-says-u…

https://sputniknews.com/middleeast/20…

https://www.rt.com/news/359686-un-sec…

http://theduran.com/russia-speaks-un-…

https://www.theguardian.com/world/201…

http://www.timesofisrael.com/russia-m…

http://www.zerohedge.com/news/2016-09…

http://www.nytimes.com/2016/09/30/wor…

http://www.haaretz.com/middle-east-ne…

https://news.vice.com/article/assad-i…

http://www.bbc.com/news/world-middle-…

https://www.rt.com/news/361144-russia…

http://www.aljazeera.com/news/2016/09…

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Danny F. Quest, is an artist, blogger, journalist, and media personality. Co. Founder of TheTruther.us and author of “120 characters or less’ the guide to winning a debate in the digital age”. Danny now works as a Freelance journalist and graphic designer for WeAreChange.org. Danny’s next big project is “30 days in Gaza” a documentary bringing light to the current conditions of the Palestinian people living under Israeli occupation.

The We Are CHANGE Book Publishing Drive

The We Are CHANGE Book Publishing Drive

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Music: Fall of the Solar King by Twin Musicom is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/…) Artist: http://www.twinmusicom.org/


We are please to announce a new book in the works about We Are CHANGE, by founding member Brian Kenny. It chronicles how the groundbreaking grassroots activist/citizen journalist group became a leading force within the 9/11 Truth & health movement, the anti-war movement, the liberty/patriot movement, and Occupy Wall Street, with over 260 chapters worldwide. We Are CHANGE are renown for their brazen confrontations with high-level war criminals and prominent figures in politics, finance and media, including Henry Kissinger, David Rockefeller, George W. Bush, Dick Cheney, Barack Obama, Joe Biden, Bill and Hillary Clinton, Rudy Giuliani, Michael Bloomberg, Al Gore, Sarah Palin and several 9/11 commissioners. The book features a rousing foreword by former U.S. Congresswoman Cynthia McKinney.

We are asking for your support in publishing this important book about this historic movement. It is our hope that preserving and sharing these stories will inspire activism and social justice for generations to come. Please donate to our Indiegogo fundraiser:

https://igg.me/at/Wearechangebook

Baned books prefered

click the picture to contribute to our book drive.

EXTENDED TRAILER CAN BE FOUND BY CLICKING HERE 

 

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Danny F. Quest, is an artist, blogger, journalist, and media personality. Co. Founder of TheTruther.us and author of “120 characters or less’ the guide to winning a debate in the digital age”. Danny now works as a Freelance journalist and graphic designer for WeAreChange.org. Danny’s next big project is “30 days in Gaza” a documentary bringing light to the current conditions of the Palestinian people living under Israeli occupation.

Facebook Has given the Police the Ability to Remove Public Access to Posts

Facebook Has given the Police the Ability to Remove Public Access to Posts

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3d illustration of a large brass key inserted into a metallic Facebook logo on a dark gray reflective surface

Horrifyingly, Facebook Has given the Police the Ability to Remove Public Access to Posts—Such as Live Videos of Police Brutality by Maddy Myers |

Korryn Gaines’ name probably sounds familiar to you. She was killed by Baltimore County police officers in a standoff on August 1, 2016, in Randallstown, Maryland, near Baltimore. Over the course of the incident, Gaines’ five-year-old son was also shot in the arm. Many have theorized that racism played a role in how the police treated Gaines and her family, including this child abuse negotiator, who has faced similar situations and found ways to de-escalate them non-violently.

The details surrounding the standoff and Gaines’ death have become yet another example of how social media has given citizens a chance to broadcast their interactions with police, thereby allowing the filmed evidence to speak for itself. Gaines broadcast information about her experiences on Instagram and on Facebook, presumably hoping to secure evidence for future use. The police contacted Facebook, which also owns Instagram, and they requested that Gaines’ social media accounts be shut down.

The Guardian reports that the police used a “law enforcement portal” through Facebook that allowed them to successfully ensure that Gaines’ posts would no longer be available to the public.

Baltimore County police chief James Johnson said that Gaines’ accounts have not been deleted and that the information contained in them would be used as evidence, but he did confirm that the police halted her live broadcasts: “We did in fact reach out to social media authorities to deactivate her account, to take it offline, if you will. Why? In order to preserve the integrity of the negotiation process with her and for the safety of our personnel [and] her child. Ms. Gaines was posting video of the operation as it unfolded. Followers were encouraging her not to comply with negotiators’ request that she surrender peacefully.”

Although the Baltimore County police department has recently implemented a body camera program, not all of the officers in the department have their cameras yet, and none of the officers involved in the standoff with Gaines had cameras. So, whatever footage she captured might well serve as the only available filmed evidence. According to The Guardian’s report, no one seems to have access to Gaines’ videos at this time (other than the people who could’ve downloaded them illicitly before her accounts went offline). The police have issued a warrant to request them from Facebook. Presumably, Facebook has not deleted them, although they are not currently available to the public or even to the police as yet.

 sting ray

One recent example of Facebook’s live video feature ending up as evidence would be the circumstances surrounding Philando Castile’s death at the hands of police. Castile’s girlfriend, Diamond Reynolds, filmed Castile during an interaction with police that began as a traffic stop and ended in Castile’s death. The police subsequently took Reynolds’ phone from her, and she theorizes that they manually deleted the video from her profile via the Facebook app. If true, this would constitute police tampering with evidence. Facebook later restored the video to Reynolds’ feed after adding a content warning to it. At that time, Facebook CEO Mark Zuckerberg made what appeared to be a statement in support of citizens’ usage of the Facebook live video feature for this type of situation:

The situation with Gaines seems depressingly similar in many ways, except that in this case, the public has now become aware of the existence of this supposed “law enforcement portal” that allows the police to demand that a Facebook and/or Instagram account be taken “offline” (this appears to mean “private,” since the accounts have not been deleted, but are no longer accessible to anyone). In this case, the police had a lot of lead time in order to decide to do this, because Gaines began making social media posts about her experiences on Monday morning when the police served her a warrant. This gave the police a chance to issue a request to Facebook and Instagram through the “law enforcement portal” to make her account unavailable to the public.

It’s not yet clear whether Gaines’ posts will ever be set back to being public again, as occurred with Diamond Reynolds’ video of Philando Castile’s death. Perhaps Reynolds’ video was restored because of the circumstances of its removal; she alleges that the police used her account to delete the video, as opposed to going through the more official-seeming channel of the “law enforcement portal.” But what are the implications of this supposed “law enforcement portal”? How do the police decide what videos should not be made available to the public?

The Baltimore County police chief’s explanation is that the live videos were removed during the standoff because of concerns about other users potentially encouraging Gaines not to “surrender peacefully.” Even if you agree with Chief Johnson on that evaluation, what’s the larger explanation for why the videos are no longer available to anyone? Is there any reason why the police would be preventing the public from seeing Gaines’ videos and posts at this point, since she clearly intended them to be public posts?

The entire case has a lot of disturbing implications for civilian journalism going forward. After reading Mark Zuckerberg’s statement about Diamond Reynolds’ video, I had hopes that for all its faults, the Facebook live video feature could prove to be an important resource for marginalized people facing mistreatment and violence by police. However, now that I know this “law enforcement portal” exists, I no longer have any faith in Facebook’s ability to stand by its users.

It seems to me like Facebook wants to have its journalism cake and eat it too. After the fall-out surrounding Facebook’s “Trending Topics” algorithm and Facebook’s employment of “News Curators,” I came to understand that Facebook exerted a certain amount of control over its News Feed. That isn’t necessarily a bad thing, so long as its members are aware of it. Just like a journalistic outlet, the Facebook News Feed is designed to show you stories that will interest you and inform you. Also like a journalistic outlet, the Facebook News Feed has a bias, because even algorithms have a bias—and, of course, Facebook hires former journalists in order to help design its curation methods.

Viewed through that lens, Facebook (and other social networks) serves as a new twist on the idea of a front page of a newspaper. Although these algorithmic curation methods are different from the journalistic methods of decades past, they don’t seem to be going anywhere, and that has its advantages and disadvantages. Many outlets (including this one) rely a lot on Facebook’s algorithms and curation in order to see their stories succeed.

A lot of people get their news from social media these days, which again isn’t necessarily bad, except that so much of that news is curated and controlled in ways that are invisible to us all. By allowing social networks to decide what we do and don’t see, we’re demonstrating a whole lot of trust in them to know what’s right, and I don’t really trust Facebook to know what I “should” see, especially now that I know more about how they operate.

The whole point of a free press is that governmental influence is notsupposed to be involved. If the police have direct access over what is and isn’t available to us on Facebook, then Facebook shouldn’t be considered a journalistic outlet. Period. It’s bad enough that we have to worry about corporate influence over Facebook’s algorithms. Thinking about police intervention has much more disturbing implications, because Facebook and other social media has a huge amount of control over what we see online.

Usually, when people are complaining about their right to “free speech” on the Internet, they’re complaining about their right to harass marginalized people. But these are the issues that they should be concerned about instead, if they really care about free speech and, y’know, that other clause in the first amendment: the freedom of the press.

If Facebook wants to be seen as a journalistic outlet, and it seems as though they do, then they should operate according to their own internal editorial standards, not according to the whims of advertisers and definitely not according to the demands of law enforcement. The existence of this portal sets a dangerous precedent, and it’s an indication that citizens who want to document their own experiences should use video streaming outlets other than Facebook in order to do so, because it’s now very clear from this case which side Facebook is actually on, and it’s not yours.

(via The Guardian, image via Norebbo Stock Illustration & Design)

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Danny F. Quest, is an artist, blogger, journalist, and media personality. Co. Founder of TheTruther.us and author of “120 characters or less’ the guide to winning a debate in the digital age”. Danny now works as a Freelance journalist and graphic designer for WeAreChange.org. Danny’s next big project is “30 days in Gaza” a documentary bringing light to the current conditions of the Palestinian people living under Israeli occupation.

US To Suspend Syria Ceasefire With Russia, Prepares New “Military Options”

US To Suspend Syria Ceasefire With Russia, Prepares New “Military Options”

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In the most dramatic diplomatic escalation involving the Syrian conflict in the past years, yesterday John Kerry issued an ultimatum to Russia, in which he warned his colleague Lavrov to stop bombing Aleppo or else the US would suspend all cooperation and diplomacy with Russia.

24 hours later, this appears to be precisely what is about to take place, leading to an even greater geopolitical shock in Syria. According to Retuers, the United States is expected to tell Russia on Thursday it is suspending their diplomatic engagement on Syria following the Russian-backed Syrian government’s intense attacks on Aleppo, U.S. officials said on condition of anonymity.

Why now and what happens next? According to US officials, the Obama administration is now considering tougher responses to the Russian-backed Syrian government assault on Aleppo, including military options. According to Reuters, the new discussions were being held at “staff level,” and have yet to produce any recommendations to President Barack Obama, who has resisted ordering military action against Syrian President Bashar al-Assad in the country’s multi-sided civil war.

However, now that diplomacy with Russia is set to end, this will give the greenlight for Obama to send in US troops in Syria, with Putin certain to respond appropriately, in what will be the biggest military escalation in the Syrian proxy war in its five and a half year history.

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Danny F. Quest, is an artist, blogger, journalist, and media personality. Co. Founder of TheTruther.us and author of “120 characters or less’ the guide to winning a debate in the digital age”. Danny now works as a Freelance journalist and graphic designer for WeAreChange.org. Danny’s next big project is “30 days in Gaza” a documentary bringing light to the current conditions of the Palestinian people living under Israeli occupation.

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

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Deutsche Bank concerns just went to ’11’ as Bloomberg reports a number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn some excess cash and positions held at the lender, a sign of counterparties’ mounting concerns about doing business with Europe’s largest investment bank.

While the vast majority of Deutsche Bank’s more than 200 derivatives-clearing clients have made no changes, some funds that use the bank’s prime brokerage service have moved part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News.

Millennium Partners, Capula Investment Management and Rokos Capital Management are among about 10 hedge funds that have cut their exposure, said a person familiar with the situation who declined to be identified talking about confidential client matters.

 

The hedge funds use Deutsche Bank to clear their listed derivatives transactions because they are not members of clearinghouses. Millennium, Capula and Rokos declined to comment when contacted by phone or e-mail.

Which explains why short-dated CDS is soaring.

 

 

 

“Our trading clients are amongst the world’s most sophisticated investors,” Michael Golden, a spokesman for Deutsche Bank, said in an e-mailed statement.

 

“We are confident that the vast majority of them have a full understanding of our stable financial position, the current macroeconomic environment, the litigation process in the U.S. and the progress we are making with our strategy.”

Clients review their exposure to counterparties to avoid situations like the 2008 collapse of Lehman Brothers Holdings Inc. and MF Global’s 2011 bankruptcy when hedge funds had billions of dollars of assets frozen until the resolution of lengthy legal proceedings.

As expected, Deutsche Bank stock in NY is sliding.

 

If the most sophisticated professionals in the world are withdrawing cash, why are German depositors leaving their life savings at risk… ahead of a long weekend in Germany (Monday is a bank holiday).

*  *  *

And for those believing that there is no contagion and this is all ring-fenced…

 

And US banks are sliding…

 

As a reminder, if the liquidity run forces DB to start unwinding or being forced to novate derivatives, it could get ugly.

 

Those who have cash parked at Deutsche Bank, and at last check there was about €566 billion, they may want to consider moving it for the time being to a safer bank.

 

* * *

Earlier this morning, we reported that Europe is experiencing a sudden and acute dollar shortage, which we attributed to Deutsche Bank. It now appears this was accurate. Since Deutsche’s recent highs, the short-end of the EUR-USD basis swap curve has collapsed:

Simplifying – this chart measures the degree of USD shortage
(willingness to spend money just to get USD now) across time – the lower
the level, the more desperate for USDs.

And no, it’s not a quarter-end issue:

 

Still not sure… Then explain why European banks just increased
their demand for USDs from The ECB’s 7-day lending facility by over
2000%…

As @Landonthomasjr notes, since 2009: DB shareholders put up 13.5 billion euros in equity. DB has paid 19.3 billion euro in bonuses. Perhaps they should have saved some of that cash eh?

Simply put – trust in the European Banking system is faltering, counterparty risk hedging is accelerating:

And liquidity concerns are exploding, ahead of Germany’s bank holiday on Monday.

Source – http://www.zerohedge.com/news/2016-09-29/run-begins-deutsche-bank-hedge-fund-clients-cut-collateral-exposure

 

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Danny F. Quest, is an artist, blogger, journalist, and media personality. Co. Founder of TheTruther.us and author of “120 characters or less’ the guide to winning a debate in the digital age”. Danny now works as a Freelance journalist and graphic designer for WeAreChange.org. Danny’s next big project is “30 days in Gaza” a documentary bringing light to the current conditions of the Palestinian people living under Israeli occupation.

Trump Supporter Savagely Attacked for Wearing a Make America Great Again Hat At BLM Protest.

Trump Supporter Savagely Attacked for Wearing a Make America Great Again Hat At BLM Protest.

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The war on free-speech continues as a Latino Trump Supporter was Physically Assaulted for Wearing a Make America Great Again Hat at El Cajon Protest. 

In the video predominately self described Black Lives Matters Protesters relentlessly attack a conservative Feras Jabro who was openly showing his support for Donald Trump by wearing Trumps now Iconic “Make America Great Again” red hat through a Black Lives Matter protest. Counter protest are nothing new in the world of civil activism. The protesters angry about the recent police shooting of Alfred Olango chased the “Trump supporter while throwing bottles,” according to Fox News correspondent, Will Carr.

“I’m being assaulted just for the hat I’m wearing,” Feras Jabro  says in a separate YouTube video, in which he is wearing a red baseball cap with Donald Trump’s signature slogan. 

This is more proof that the liberal Mainstream media has done a fantastic job in promoting their hate, as they claim they’re against “Hate and bigotry,” they take part in it more than any other group in the USA right now.

ter·ror·ism
?ter??riz?m/
noun
the use of violence and intimidation in the pursuit of political aims.

Now, tell me  again how Black Lives Matter isn’t a terrorist group?

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Danny F. Quest, is an artist, blogger, journalist, and media personality. Co. Founder of TheTruther.us and author of “120 characters or less’ the guide to winning a debate in the digital age”. Danny now works as a Freelance journalist and graphic designer for WeAreChange.org. Danny’s next big project is “30 days in Gaza” a documentary bringing light to the current conditions of the Palestinian people living under Israeli occupation.

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