The Wire - July 18, 2024

//The Wire//2000Z July 18, 2024//
//ROUTINE//
//BLUF: RIOTS BEGIN IN BANGLADESH. WIND TURBINE DEBRIS CLOSES NANTUCKET BEACHES. FINANCIAL DISCREPANCIES HIGHLIGHT TRUMP SHOOTING ISSUES.//
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-International Events-
South Asia: Riots have emerged in Bangladesh following tensions that have been developing over the past few years. A few months ago, tensions escalated as students began to intensify protests against a controversial 1971 law that affects the hiring practices of civil servants. Those protests continue today, and have expanded to include most major universities throughout the nation. Conversely, as demonstrations have expanded, so has the crackdown, with clashes between protesters/rioters and police becoming increasingly more violent.
-HomeFront-
Massachusetts: Most of the beaches in Nantucket have been closed for cleanup operations as debris from destroyed wind turbines washes ashore. Last weekend, storm damage caused a catastrophic failure of turbine AW38 in the Vineyard Wind field which resulted in large fields of fiberglass and foam debris washing ashore over the past few days.
Texas: Controversy has emerged following financial data that has come to light following the attempted assassination of President Trump. One day before the assassination attempt, Austin Private Wealth LLC (an investment firm located in the Austin area) disclosed a large put option against $DJT (Trump’s media group) of 12,000,000 shares. Some sources claim that this disclosure is a quarterly filing (which also included other positions, not just DJT), and therefore no nefarious activity occurred. However since these records have come to light, the company has amended the filing and issued a statement that a “clerical error” was the reason for such activity.
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Analyst Comments: For many people, the financial data surrounding the attempted assassination of President Trump is suspicious. Of course, the potential for error always exists, and statistically speaking is often underrepresented as the cause for incidents like this.
More broadly, the fact that the company felt the need to address these claims is telling enough. Even as many financial advisors balk at the potential for nefarious activity in the financial sector regarding this incident, and scold any layperson who may think some investigation is worthwhile, the honest truth is that the majority of the entire financial sector is built on a bedrock of sketchy trades, or suspiciously-timed investment moves. Most of the time, investment groups can safely ignore claims of inside knowledge, even for high profile incidents involving politicians. In this case, the company responding to these claims strongly indicates that even the company admits this looks really suspect, and therefore an explanation was required. The company itself has not clarified whether or not the report filing was in error, or if those shorts had really been made, but backtracked on upon the failure of Trump’s assassination attempt. Many are asking the question of, if the assassination had been successful, and DJT crashed…would this “clerical error” have been corrected or would it have been tied up (or covered up) in some way? In any case, significant forensic analysis of this incident would be reassuring for what many laypersons not involved in the financial sector consider to be a smoking gun.
Analyst: S2A1
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