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Wash cycle, rinse cycle, news cycle, spin cycle

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Niall McGee has a fetching spot ‘o news on page B5 of today’s Globe. I like the vaguely cheeky tone of the headline; “No earnings, no problem: Investors buy Giustra’s blockchain story.”

The gist of the story is that legendary Vancouver flim-flam artiste and billionaire Frank Giustra’s finger-prints are all over the meteoric rise of Hive Blockchain Technologies Inc, a “start-up” that’s turned what was essentially a penny-stock shell company into a billion dollar concern.

Alas, nowhere in the article do we learn any more about Giustra, other than that he “worked with former US president Bill Clinton on philanthropic endeavours.”

Did he ever!

All you have to do is type two words into your googlator, “giustra” and “clinton,” and you’ll be gobsmacked by what comes up. Between 2012 and 2016, scores of legit big-media platforms including the New York Times, the New Yorker, Bloomberg, CBC, and the Globe and Mail, ran stories that hinted at the foul odour emanating from the Clinton-Giustra “partnership in philanthropy.”

Even the think tank here at Falling Downs got into the act with this effort from 5 November 2016.

Clearly things were building to a crescendo…

Three days later Trump won the US election and that was the end of that story line. The travails of Trump have hogged the headlines ever since.

Giustra?

Oh ya… wasn’t he the guy who did some philanthropy with Bill Clinton?…



Source: http://theviewfromfallingdowns.blogspot.com/2017/11/wash-cycle-rinse-cycle-news-cycle-spin.html
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