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Saved by @Mollyycolllinss

suggests the founders would not react so quickly against a president who led an insurrection. Washington led an army of 13,000 people against a small group of farmers who wouldn't pay their taxes on whiskey.

 One founder actually did lead an insurrection. His name was Aaron Burr. He was arrested and charged with treason. He walked on technical reasons and was already out of office so impeachment was not the right option, but he ended up in exile for years afterward.
(Beautifully, while in exile Burr lived in a house on Craven Street in London.) Turley also says that Trump's incitement to insurrection was protected speech. This is beyond ludicrous and shows a lack of understanding of the law that would get him kicked out of any law school.
As Justice Oliver Wendell Holmes laid out in his famous ruling on this matter in Schenck v. United States in 1919 in which he said there was no right to falsely shout fire in a crowded theater...
"The question in every case is whether the words used are used in such circumstances and are of such a nature as to create a clear and present danger that they will bring about the substantive evils that Congress has a right to prevent."
Leading a rebellion against the government of the United States is one of the primary evils the Congress has not just a right but an obligation to prevent. Indeed, what Trump was seeking was to destroy Congress as a step toward destroying democracy.
Trump is guilty of attempted Congresscide in pursuit of attempted democracide. The founders would have seen it clearly and likely defined it as treason.
The Constitution defines treason as "levying War against (the US), or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court."
Leading an violent mob in pursuit of a seditious goal is both "levying war" and "adhering to the enemies" of the United States. Actually supporting the violent act against the United States by helping with fund-raising and organizing is "giving them aid and comfort."
And of course, the 14th amendment contains an absolute ban on people holding high office who "shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof." So the view of the Constitution on such matters is clear.
Turley gets every aspect of the law wrong (as do the president's other defenders in the GOP.) Why do they do this when the law and the intent of the founders is so clear? There can only be one reason: partisan hackery. And for that reason these objections must be dismissed.

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David Rothkopf
@djrothkopf
Trumpism is no more a thing than Justin Bieberism. It's a fad. 5 years ago there was no Trumpist majority in the GOP. What's enduring is the GOP formula of exploiting the racism/nationalism of rural/suburban Americans to provide political fuel for policies that benefit the rich.

That formula--populism in the service of corporatism--has been with us for ages, was reshaped for the modern age under Reagan and has driven both the widening economic and political divides in America ever since. It will long survive Trump.

Trump weaponized it-fanning the flames of social division so that he could do even morefor a smaller & smaller percentage of the population. The reality was, he has not be very good at it. While he has GOP support, his popularity in polls has lagged all other recent presidents.

At the same time, growing recognition of shifting demographics in the US and the advent of social media have created new opportunities for the most extreme members of the GOP coalition to unite, mobilize and increase their voice.

That isn't just bad for the US. It's a problem for the GOP, particularly in terms of national elections. (The GOP has won the popular vote only once in the past eight presidential elections. While they benefit from electoral college advantages, this is a terrible trend for them.)
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David Rothkopf
David Rothkopf
@djrothkopf
If the (erroneous) Office of Legal Counsel memo saying president's can't be indicted for crimes while in office had not been written, hundreds of thousands of Americans would still be alive today.

If Rod Rosenstein had not told Mueller to stay out of investigating Trump's finances and to narrowly define his investigation, the coup attempt would never have taken place.

If Mueller had not gone along with Rosenstein and had followed all of the investigations into Trump's ties to the Russians and his finances, we would not have seen months of attempts to attack and weaken our democracy.

If Mnuchin had not blocked the attempts to release Trump's tax returns and had followed his constitutional responsibilities and the law, millions would not be out of work due to COVID.

If McConnell had fulfilled his Constitutional obligations and had conducted a Senate trial in which evidence was presented and the GOP had not reflexively defended Trump despite all his abuses, millions of US children might not be going hungry now.
GOVERNMENT
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David Rothkopf
David Rothkopf
@djrothkopf
For those who say that what has happened in the last week will permanently damage America's standing in the world, a short list of reasons why, bad as it was, it won't even make the top 30 things that have really harmed our standing.

1. A coup against our government led by our president
2. Support for the coup from the entire Republican Party
3. A major political party (see above) dedicated to dismantling democracy in the United States
4. A president impeached for encouraging the coup

5. A president impeached for trying to blackmail a US ally
6. A president who bullied & insulted our allies for 4 years
7. A president and party who have actively promoted racism and ethno-nationalism
8. A president & party who sought to shut our borders to people of color

9. Re: the preceding, a president & party who sought to block the entry of Afghan (& Iraqi) allies into the country
10. A president who helped deepen the global COVID crisis through selfishness, ignorance and corruption
11. US having the highest COVID death total in the world

12. A president cozying up to dictators worldwide
13. A president corruptly profiting from the presidency
14. A president who was a serial sex offender
15. A president who is a serial tax cheat
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David Rothkopf
David Rothkopf
@djrothkopf
I've led a fortunate life, much to be thankful for. I've been to 80 countries. Wherever I went I was thankful I lived in the U.S. where evils like autocracies & theocracies were impossible. Since 2017, we've discovered that's not so. Today's SCOTUS decision underscores that.

If there is anything to be thankful for in it, it is the hope it will serve as a wake-up call to those who do not realize the threats that lie ahead. Recent elections have reminded us how important it is to wrest democracy out of the hands of the donor class that's seized it.

Our recent experiences have also made it painfully clear that our system contains deep imperfections that assure that a minority will have disproportionate power in our Senate, our electoral college and, thanks to the Senate, our courts.

Either we, the majority that elected our next president, will continue our activism & engagement & work to fix what's broken in that system or we will drift further toward the kind of dysfunctionality that has led to so much suffering around the planet.

Our work, in short, has just begun. Removing Trump was an essential step toward preserving our democracy. But it was just one of several such steps. Winning back the Senate, rebalancing the courts, changing our campaign finance and election laws, are all essential.
POLITICS
David Rothkopf
David Rothkopf
@djrothkopf
This might be a good time for folks to take a deep breath before interpreting election results. We don't know how much of victory was due to Biden's campaign message, Biden's record, Kamala's boost to the ticket, hatred for Trump, Trump errors on the campaign trail...

...the enduring appeal of Trumpism, the effectiveness of GOP campaigns for the Senate or the House, the mistakes made in Dem campaigns for the House, vice versa on both the preceding counts, the role of the GOP disinformation echosystem, COVID, the economy...

...mobilizing progressives, mobilizing centrists, racism, anti-racism, the movement to defund the police, the use of the word socialism, media blunders, voter ignorance, the impeachment process, corruption in DC, campaign finance abuse, the power of the establishment...

...the power of the Murdoch's, the hard right, the evangelicals, the Russians, the young, the old, whites, Latinos, blacks, women, men or any of the other countless factors (divine intervention, etc.) that have been cited in the media, by pols, on social media, in the days since.

For Dems, this is definitely not the time for finger pointing and division. There must be a laser-like focus on winning the run-offs in Georgia. There should be a widespread effort to mobilize the broadest possible support for the agenda of the Biden-Harris administration.
POLITICS

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Simon Lelieveldt
Simon Lelieveldt
@finhstamsterdam
The Dutch regulator and DNB as financial supervisor are a tough cookie to deal with. In essence they hyperregulate EU-rules into goldplated Dutch rules which go beyond what is prescribed in Europe.

All NL-customers at British banks may thus be kicked out on brexit.

Thread

/1

If we start with the capital requirements directive, it says attracting deposits is forbidden. In article 9.

https://t.co/RYl7SXligC


Now the translation of that rule into Dutch law is slightly expanded to not only prohibit attracting deposits, but to also prohibit, having those deposits under custody ('ter beschikking hebben').

That's not in EU law, but it is in our Dutch law.

https://t.co/PsbWfNY3PA


So if you wonder how this would work out for UK banks and Payment institutions servicing Dutch customers. Have a read at the technical explanation of DNB, the financial supervisor and their summarising table.

https://t.co/LL0fAnYkRJ

Passive servicing of Dutch is not allowed!


Any bank or PSP in the UK that continues to serve Dutch customers (as in retail customers, professional players are excepted) can thus be subject to fines and policing under Dutch law.

Meaning we not only have Accidental American issues in payments, but also Accidental Dutchies
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10-K Diver
10-K Diver
@10kdiver
Get a cup of coffee.

Let's kickstart 2022!

To that end, here are 22 key concepts to help you appreciate and achieve Financial Independence.

Concept #1.

What is Financial Independence?

It's a state of *self-sufficiency*. It's when you have enough money, and enough income-producing assets, that you and your family can live comfortably for the rest of your lives -- WITHOUT needing a job.

Concept #2.

Financial Independence is not really about spending MONEY how we like -- although, to an extent, that becomes possible.

It's about being FREE to spend our TIME how we like.


Concept #3.

Financial Independence is not really about quitting our jobs and retiring from work -- although that's possible.

It's about being FREE to pursue *whatever* kind of work we find most fulfilling. Things we love to do. Things the world benefits from. Etc.


Concept #4.

For most of us, the path to Financial Independence consists of:

- Starting Early,
- Saving Diligently, and
- Investing Responsibly.

Here's an inspiring story of a janitor who amassed an $8M fortune by following this very playbook:
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Max Koh
Max Koh
@heymaxkoh
I'm lucky to attain financial freedom before 30.

I credit Fintwit for my learnings.

Here's 10 key concepts every investor must know:

1. $$ needed to retire
2. Researching a business
3. Reading annual reports
4. Reading earnings calls
5. Criteria of a multi bagger

(Read on...)

6. Holding a multi bagger
7. Economic moats
8. When to buy a stock
9. Earnings vs cashflow
10. Traits of quality companies

Here's my 10 favourite threads on these concepts:

1. How much $$ do you need to retire

Before you start, you must know the end game.

To meet your retirement goals...

How much $$ do you need in your portfolio?

10-K Diver does a good job explaining what's a safe withdrawl rate.

Hint: It's NOT


2. Research a business

Your investment returns are a lagging indicator.

Instead, your research skills are the leading predictor of your results.

Conclusion?

To be a good investor, you must be a great business researcher.

Start with


3. Reading annual reports

This is the bread and butter of a good business analyst.

You cannot just listen to opinions from others.

You must learn to deep dive a business and make your own judgments.

Start with the 10k.

Ming Zhao explains it
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jewd\u24b6s // \u05d9\ufb1d\u05d3\u05d4\u05d5\u05d3\u05d4
jewdⒶs // ייִדהודה...
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We all know no-one should profit from antisemitic hate speech right? Well, tell that to the @JewishChron.

In their media pack they advertise that they've run (at least) one event with Nigel Farage as a speaker. The JC is using their connection with an antisemite to make money.


Important bits first. The media pack has a 2020 calendar so it is probably just over a year old. Which means, all of our examples below bar one had been published when they tried to make money from an event with Nigel Farage. They knew what he had said and didn’t care.

You want one example? Here you go. The JC knew and even called him out on it. So why does their press pack, probably made just months after this and made to get people to advertise with them, show off their link to him?

What kind of advertisers do they want??


For anyone skim reading, let us make this very clear, using words from the Campaign Against Antisemitism. @antisemitism.


Ok, so now the attention-grabbing bits are done, lets dig deeper.

Is Nigel actually an antisemite, Geoffrey hears someone ask in terribly bad faith. Well, lets explore his history of antisemitism through the JC’s own articles!
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It is 2018 and this error message is a mistake from 1974.
This limitation, which is still found in the very latest Windows 10, dates back to BEFORE STAR WARS. This bug is as old as Watergate.


When this was developed, nothing had UPC codes yet because they'd just been invented.
Back when this mistake was made, There was only one Phone Company, because they hadn't been broken up yet. Ted Bundy was still on the loose. Babe Ruth's home run record was about to fall.

When this bug was developed, Wheel of Fortune hadn't yet aired. No one had seen Rocky Horror. Steven Spielberg was still a little-known directory of TV films and one box-office disappointment. SNL hadn't aired yet. The Edmund Fitzgerald was still hauling iron ore.

WHEN THIS STUPID MISFEATURE WAS INVENTED, THE GODFATHER PART II HAD JUST OPENED IN THEATERS.

So, why does this happen? So Unix (which was only 5 years old at this point) had the good idea of "everything is a file" which mean you could do things like write to sockets, pipes, the console, etc with the same commands and instructions.
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One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a 🧵 to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

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How to create a freelancing website that makes money.

Everything I've learned.

A thread.

As a freelancer,

Your website is everything.

First, prioritise its existence.

Second, prioritise its improvement.

The technology you use is irrelevant.

- WordPress
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It doesn't matter which you choose,

What matters is you have a website.

Pick a platform that you're comfortable with.

If you can:

- Capture leads
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If your website doesn't get leads,

It's not working.

Don't rest on a website that doesn't work for you.

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
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