E Market Briefing For July 16

None dare call it treason' became a revived topic for discussion Monday, regardless of the ongoing limited liquidity flows to the stock market; as I did discuss again based upon the landmine versus goldmine earning responses to Q2 reports, which will be arriving with an accelerated flow this week.



If you monitored media closely you heard 'challenges' to Peter Thiel's latest allegations against Google, and demands for an FBI or CIA investigation, as relates to espionage and even treason. Before the media delved into it, in my first morning comment, I mentioned a specific instance of this; which had been a 'Project Drangonfly', which was their search engine designed for China, on their behest, and with backdoors built-in allowing for snooping.  

'Loose Lips Sink Ships'   

In this case, what irked me a bit was the obvious tilt by reporters to try hard to frame a guest (involved with the same venture-capital firm as Peter Thiel) by trying to put the allegations into a politically correct frame-work, avoiding the specifics I know they already knew; because CNBC had reported it back in 2018 (referring to Project Dragonfly and working with China's Army).  

Now I realize that Peter's allegation may be timed during the negotiations of course with China (another reality-check along the lines of Huawei but very different in some aspects); and thus the timing may have political motives as well as being true. But the media tried to drop the context, and at one point briefly mentioned 'well they're not working on a Chinese search engine now' 'as if' that legitimizes everything else. First of all they refused Pentagon work and secondly they did not properly vet access to critical AI data algorithms, that China not only might, but effectively has, incorporated into Chinese AI systems; and Thiel's colleague mentioned that. CNBC ignored that and tried again to make it an area of controversy. It's not: treason is treason.  

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