A good plot requires a believable villain, a dark force sinister but likable, who must be overcome by the good guys. For the Washington Post and 93% of journalists, the antagonist is our democratically elected President. Anyone who sides with Him is also evil. They’ve been digging away at Trump, at his tax returns, his affinity for taking fast women furniture shopping, for fat golfing in white khakis…but so far they struggled to sway the silent majority into seeing the evil. They need someone more sinister.
Enter Paul Manafort
On the surface, he has the look of a sinister mastermind—one who could only be thwarted by James Bond. Then you go over to Wikipedia and read up on his achievements and you’re like, “Oh yeah, this guy is dark.”
Manafort is best known for his lobbying efforts on behalf of Ukrainian leader Viktor Yanukovych as well as dictators such as Ferdinand Marcos and Mobutu Sese Seko and guerrilla leader Jonas Savimbi.
Manafort is under active investigation by the CIA, NSA, FBI, ODNI and FinCEN.
Quite an arousing profile. So when the National Anti-Corruption Bureau of Ukraine announced they received documents bearing Manafort’s signature and company seal, documents showing Manafort falsifying invoices to pay himself three quarters of a million dollars, journalists at the Washington Post became fully erect. The males were rutting throughout the newsroom, driven mad by the perfect findings.
There was no time to verify the documents. Shoot first, hedge with well-placed words, pivot as needed. The story went out before lunch, and the NASDAQ, which was for sale all morning, accelerated to the downside—tearing through trading levels as institutional money exited first and fast.
A Ukrainian lawmaker released new financial documents Tuesday allegedly showing that a former campaign chairman for President Trump laundered payments from the party of a disgraced ex-leader of Ukraine using offshore accounts in Belize and Kyrgyzstan.
The new documents, if legitimate, stem from business ties between the Trump aide, Paul Manafort, and the party of former Ukrainian president Viktor Yanukovych, who enjoyed Moscow’s backing while he was in power. He has been in hiding in Russia…
[added emphasis on hedge words not done by Fake News outlet WaPo]
Sell the rumor sell the news. While there are technical complications, objective events occurring in the NASDAQ auction, which serious short-term traders will attribute to Tuesday’s sell off, there are also grounds for attributing the weakness to the USA intelligence community (aka the permanent government) finally having a real chance to tie Trump to Russia.
Investors love certainty. They are loving our very boring and predicable Federal Reserve. They enjoy seeing Republicans have control over all three branches of the government.
They do not want to start taking Russian ties to our President seriously. They were forced into confronting the allegations today.
The fourth estate is drinking goat blood tonight, popping corked bottled of umbillical stem cells, as they celebrate some meaty findings against the orange one and his coneys. [They] the good guys are regaining control of the world.
A Paul Manafort money laundering narrative will stick. Investors likely have a sense of how serious these Ukrainian documents are and decided it made sense to remove money from US markets until order is restored. With any luck, we will all wake up Wednesday to early tweets from our President, clearing this matter up, so we can go back to making all-time highs on a daily basis.