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Note To Rioting Americans: Why Looting A Rolex Store Isn’t Such A Great Idea

Note To Rioting Americans: Why Looting A Rolex Store Isn’t Such A Great Idea Tyler Durden Mon, 06/01/2020 – 19:10 As SJW blue-checks pressure Twitter to ban anonymous accounts (a trend that was set in motion long ago, and accelerated with the permanent suspension of @Zerohedge a few months back), the ever-witty @TESLACharts is a perfect example of what financial twitter would lose if financial professionals behind some of the space’s most widely-followed and respected accounts were forced to give up the medium due, in many cases, to the onerous compliance restrictions of their employers. A few weeks back, we shared a thread published by the account detailing why investors ought to steer clear of biotech darling Moderna (which is down ~$20 a share from the peak reached during the week before last), and now we’re sharing the account’s advice for rioting Americans finally deciding to take some initiative and do something to correct all this terrible “income inequality” they’ve been complaining about since Nov. 9, 2016. When looting on Fifth Ave., “protesters” might want to skip over the Rolex outlet. 1/ A brief thread on why looting a Rolex store isn’t such a lucrative thing to do. https://t.co/08D07zZLoR — TeslaCharts (@TESLAcharts) June 1, 2020 Intuitively, luxury goods should seem like a smart target for criminals since they retain their resale value so well, and because that value can...

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Trump: “I Am Your President Of Law And Order”

Trump: “I Am Your President Of Law And Order” Tyler Durden Mon, 06/01/2020 – 18:57 Update (1850ET): In his brief remarks, Trump said he would deploy military resources to quell violence and unrest – a move with little precedent in the last few decades – and insisted he was an “ally to the peaceful protesters” and that his administration is “committed to justice” for the Floyd family. TRUMP SAYS HIS FIRST DUTY IS TO DEFEND COUNTRY, PEOPLE TRUMP SAYS ADMIN. IS COMMITTED TO JUSTICE FOR FLOYD FAMILY TRUMP SAYS HE’S AN ALLY OF PEACEFUL PROTESTERS TRUMP SAYS VIOLENCE NOT ACT OF PEACEFUL PROTESTS TRUMP SAYS INSTANCES OF VIOLENCE `ACTS OF DOMESTIC TERROR’ TRUMP: MOBILIZING CIVILIAN, MILITARY RESOURCES TO STOP RIOTING TRUMP SAYS HE RECOMMENDED GOVERNORS DEPLOY NATIONAL GUARD TRUMP SAYS HE TOLD GOVS. TO DEPLOY GUARD TO `DOMINATE’ STREETS TRUMP SAYS HE WILL DEPLOY MILITARY IF CITIES, STATES WON’T ACT TRUMP SAYS HE’S DISPATCHING `THOUSANDS’ OF ARMED SOLDIERS *  *  * Update (1840ET): We suspect the reason for the delays in the remarks are that police have fired tear gas, deployed flash bangs to disperse protest near White House. *  *  * In what appears to be a previously unscheduled event, The White House has issued a statement that President Trump will deliver remarks to the nation from The Rose Garden at 1815ET (delayed to 1830ET now according to...

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That’s One Way To End A Lockdown

That’s One Way To End A Lockdown Tyler Durden Mon, 06/01/2020 – 18:50 Via The American Institute for Economic Research, There’s an old 18th-century saying about the best-laid plans of mice and men. From such plans – the most prestigious public health professionals working with the most powerful people, deploying for the first time a new way to control disease – we now stand in the midst of rubble.  It seems hard to believe. It was only a few months ago that the United States had a strong economy and a bright future. How we went from domestic peace and prosperity in February 2020 to the madness – cities on fire, military rule, curfews, economic desperation – we see today will be the subject of historical reconstruction for many decades hence. We are already seeing the first drafts written now.  The people in the streets are said to be protesting or rioting, but in other ways this has elements of a rebellion. It’s a rebellion against controls over the population that should never have been imposed – based on law, precedent, and human rights. The American people put up with it for more than two months, even as the strictures and regulations were building a nationwide powderkeg.  The disgusting murder of George Floyd, a man forcibly disemployed under lockdown and passing a counterfeit $20 bill to escape poverty, was...

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White House Says Trump Will Deploy “Federal Assets” To Restore Order

White House Says Trump Will Deploy “Federal Assets” To Restore Order Tyler Durden Mon, 06/01/2020 – 18:49 Update (1845ET):To sum up the headlines below, McEnany said President Trump plans to use “additional federal assets”, deployed across the country, to respond to the unrest in recent nights in retaliation for the killing of George Floyd. In addition, a “central command center” that will include Joint Chiefs Chair Gen. Mark Milley, Defense Secretary Mark Esper and Attorney General William Barr, is being set up to monitor the response nationwide and assist states with the worst problems. “What the president has said is he wants to dominate the streets with National Guard, with a police presence,” McEnany told reporters. Per leaked comments from Trump’s call with governors earlier, the president said he planned to put Gen. Milley in charge of a centrally-planned response (one Democratic Gov. Jay Inslee of Washington described Trump’s response as “unhinged”). Asked to clarify what Trump meant, McEnany said the four-star general has “been on point in talking about the National Guard, the effectiveness and in ensuring that they’re utilized to great effect across the country,”suggesting that Milley would be a liaison to the press and the nation. “What studies have shown, as Gen. Milley noted — he was in the governor’s call, his points all pertained to the National Guard — and he noted that there are several studies that when there’s an overwhelming...

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