iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
15,851 Blog Posts

The Fruits of the Arab Spring Have Bore an Open Air Slave Market in Libya

Regime change was all the rage under the Obama administration — especially in the middle east. The pitch was MUH democracy needed to be exported to savage lands, whose populations were largely an illiterate ensemble of archaic tribes hellbent on blowing each other up over the interpretation of their fictional holy books.

Here was two time failed Presidential candidate, Hillary Clinton, flippantly opining about the fate of Libyan leader, Muammar Gaddafi.

Since then, Libya has been a staging ground for terrorist activities and an open hole in North Africa by which an endless stream of migrants use to enter Italy. All of the weapons stockpiled by Gaddafi were taken by ‘rebels’ who used them to take over large swaths of land in Syria and Iraq. Our embassy was run over, and our Ambassador killed. All of this because we wanted to ‘free’ the Libyan people from their misery — which, ironically, resulted in a greater and deeper misery than they could’ve ever imagined.

So what has the liberal/neocon policy of regime change done for Libya lately?

Fucking slavery (please contain your outrage).

According to a report by the UN Migration Agency, Libyan rebels are capturing poor Africans seeking to enter Europe, housing them in parking lots and make-shift prisons, in order to sell them on the open market like the days of antiquity, for as little as $100.

Source: CNBC
“We talk to returning migrants every day and we hear this stories every day — stories of exploitation, psychological, physical and sexual abuse,” Giuseppe Loprete, Niger-based chief of mission of the UN International Organization for Migration, told CNBC recently.

For thousands of migrants paying to be smuggled out of North Africa, Libya remains the only route to Europe, and is a “black hole” where many disappear into exploitation, he said, adding: “The situation is only getting worse.”

The going price for kidnapped migrants ranges from $200 to $500 in Libya, according to survivors who have returned to the IOM’s transit center. In the last few months, the organization has arranged for the repatriation of 1,500 migrants back to their homes, which include Nigeria, Senegal and Gambia.

Libya is a gateway to Italy from Africa, with an estimated 25,000 migrants having crossed the Mediterranean Sea this year. Although Italy has taken measures to stem the flow of migrants from Libya, IOM data suggest crossings are on pace to challenge the nearly 182,000 migrants who landed in Italy last year.

Former National Security Council officer under Obama, Eric Pelofsky laments, “It is a terrible situation thriving in the shadows created by the larger conflict in Libya.”

Leonard Doyle, Spokesperson of the Director General at the International Organization for Migration (IOM), sums it up: “Migrants who go to Libya while trying to get to Europe, have no idea of the torture archipelago that awaits them just over the border.” He grimly adds, African migrants “become commodities to be bought, sold and discarded when they have no more value.”

 

 

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Making the Call: Buy the Chips; Exodus Seasonality Factors Abound

Good evening shills,

Before this planet is engulfed by fire, I wanted to share some sagely financial advice.

The Exodus algos are flagging OVERSOLD for XSD now — a low volume, shit tier, ETF. The track record for this signal is flawless.

Also, I used to be a yuge fan of seasonality factors in the market. For whatever reason, certain stocks tend to take off during certain times of the years. This is not by happenstance, but by design. The reasons vary. I find it to be a vital part of identifying trades on a macro level before digging down.

Here are some notable stocks that outperform during May.

(stock, win-rate)

Noteworthy
GIS 81%
S +78%
SLM +79%
STJ +76%
ESRX +79%

Flawless
AMBA
GSV
P
PBYI
PFPT

Biggest Winners
TXMD
ONVO
GSV
SUPN
TRIP

More details are inside the platform. We’re not offering free trials anymore, at least for the foreseeable future. Leeching faggots.

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N. Korea Fires Another Ballistic Missile Into Sea of Japan, And Fails Miserably: PREPARE FOR WAR

Yonhap news agency is reporting that N. Korea attempted to sail a ballistic missile into the sea of Japan, but failed to do so because it exploded within seconds into flight. Because of this grave threat to America, preparations for war are being prepared.

In spite of the fact that the N. Koreans are, seemingly, unable to launch missiles just a few hundred few from a launch pad, Secretary Tillerson believes — sometime soon — they will be able to launch them into space via ICBM and travel more than 5,000 miles to incinerate one of our lovely west coast locales.

“North Korea fired an unidentified missile from a site in the vicinity of Bukchang in Pyeongannam-do (South Pyeongan Province) early this morning,” Yonhap reported, quoting a statement issued by South Korea’s military. “It is estimated to have failed.”

Get ready to fight for freedom.

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Shares of Dick Cheney’s War Crime Unit, $KBR, Slide Amidst ‘Illegal Activities’ Investigation

Well, well, well, what do we have here? Shares of KBR blew up in my face today and I couldn’t be more pleased with the revelations.

The Serious Fraud Office, a regulatory body in the UK, said it was investigating the old Halliburton division that sold hammers for $10,000 in Iraq, KBR, for bribery and corruption.

Duh, does a lion hunt? Does a genius think?

The investigation is being widely misread by Wall Streetfags, who actually think something will happen here. The SFO is basing their investigation on revelations from an Australian newspaper which revealed chicanery with the activities of Unaoil — a Monaco based energy company.

The allegations said Unaoil hired a bunch of contractors, like KBR, to partake in all sorts of ‘nation building’ vagaries, much of which included criminal activities.

The whole point of these nation building devils is to profit off war, which is why I am long. Bear in mind, I’m not long because peace it about to break out. Companies like KBR are necessary evils, just like the old East India company. Back during the Iraq war, the contractor side was separate and bogged down by all of that oil. Since then, it was stripped away, leaving investors with an opportunity to gain this exposure, purely, while patiently awaiting for schools and sewers to be rebuilt abroad.

Buy the dip.

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Trump Signs Executive Order That May Expand Offshore Drilling

Drill baby drill.

President Trump just signed an executive order that might open up millions of coastal acres for oil and gas drilling.

The directive is called The America First Offshore Energy Strategy and its purpose is to review regulations and the permitting process for exploration on the outer continental shelf.

“This order will cement our nation’s position as a global energy leader and foster energy security for the benefit of American people without removing any of the stringent environmental safeguards that are currently in place,” said Interior Secretary Ryan Zinke.

This is a massive blow to the Obama era EPA hegemony. Perhaps the effects will not be seen in stocks today, but this is a net positive for any offshore driller, such as RIG, OII and RDC. May of them have already gone bankrupt. But this might rejuvenate the sector.

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Seoul Refuses to Pay for Trump’s ‘Phenomenal’ Billion Dollar Missile Defense System That ‘Shoots Missiles Right Out of the Sky’

S. Korea is comfortable without having THAAD, or at least paying for its missile defense abilities. In an interview with Reuters last night, President Trump said he thought S. Korea should pay for the system.

“I informed South Korea it would be appropriate if they paid. It’s a billion-dollar system. It’s phenomenal, shoots missiles right out of the sky.”

Seoul on Friday brushed aside US President Donald Trump’s suggestion it should pay for a $1 billion missile defense system the two allies are installing in South Korea to guard against threats from the North.

U.S. officials says the missile defense shield will be operational shortly, much to the chagrin of the ‘villagers’ of S. Korea, who fucking hate it.

The S. Koreans thought about Trump’s suggestions and passed, citing the military agreement between the two nations, saying all they were obligated to do was provide logistics and the infrastructure for the system, but the Ameri-burgers would have to pay.

“There is no change to this basic position.”

In other news, Trump said he wanted to get rid of the free trade deal with the ingrates from S. Korea, saying “It is unacceptable, it is a horrible deal made by Hillary.”

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Sec Tillerson Makes Case to UN for Action Against N. Korea : “The United States Cannot Stand Idly By”

Get ready for nuclear war, S. Koreans. The United States will have plenty of opportunities to help defend your nation against a sundry of missiles, some armed with poisonous gas, others of the nuclear varietal. But some will slip by, leveling your cities to ash — pushing you back into the bronze age. But from that ash will rise Samsung, greater and stronger than ever. Miraculously, you will be placed under a Marshall plan, led by the United States “and its allies”, to rebuild your proud peninsula. Your dear Japanese friends will assist in the occupation, as they’re very familiar with your terrain and the logistics and all that.

Hence, inside of 100 years, your nation will be stronger than ever — without the menace of N. Korea threatening the world with its MUH nuclear weapons.

Rex Tillerson makes the case for ‘action’ to the UN. This is a prerequisite for war. Not only is Tillerson warning N. Korea here, he’s also warning all nations who support them, threatening them with sanctions.

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Stocks Glide into Friday’s Session Poised for MOAR Gains

You’re all animals — greedy little savages trying to make money. GDP is practically non-existent. World War 3 is just around the bend and you can’t get enough of the market. Pardon the slowness of the site this morning, one of our stories went viral and the faggots from Reddit are bogging down our servers. Hopefully, people will stop reading it soon and the site can get back to normal.

Aside from last night’s tech earnings, the most notable thing this morning is oil — higher by 0.84%. On Jupiter’s Stone, it will trade higher and soon.

Look, the economy grew at just 0.7% last quarter, the slowest pace in three years. The Fed cannot hike into this kind of economy, especially with global tensions and Trump’s stimulus plans on hold.

The euro is higher by 0.37% v the dollar, but bond yields are higher. Meaning, no one thinks the Fed is on hold yet. Everyone seems to think it’s perfectly normal to contract the money supply at a time when the economy sucks.

(ADJUSTS MICROPHONE)

Wrong!

You will find out how much of a mistake that will be — should the Fed continue on this path of ruin.

Nevertheless, there is a strong underpinning in the tape this morning. I’m expecting stocks to start heading higher here — accelerating as the day goes on.

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Trump: ‘There’s a Chance We Can Have a Major, Major Conflict with North Korea’

In a somber interview with Reuters this evening, Trump sounded a bit lonely, a bit taxed — conceding that we might be heading for a ‘major, major conflict’ with N. Korea.

“There is a chance that we could end up having a major, major conflict with North Korea. Absolutely.”

He did say, however, that he wasn’t going to do anything that might hurt the President of China now, as he considers Xi to be a great leader and a friend.

“I believe he is trying very hard. He certainly doesn’t want to see turmoil and death. He doesn’t want to see it. He is a good man. He is a very good man and I got to know him very well.”

Trump added, “We’d love to solve things diplomatically but it’s very difficult.”

He then went on to lament about how much work the Presidency is and how his privacy is non-existent — drolling on about being isolated by security. He bemoaned about not being able to head outside to dinner or drive a car.

Then back to foreign affairs, he said the Saudi’s were treating us very unfairly. Essentially, we’re their defense and they do nothing for us.

The path to defeating ISIS is via humiliation, said Trump.

“I have to say, there is an end. And it has to be humiliation.”

Trump said North Korea was his biggest global challenge. He lavished praise on Chinese President Xi Jinping for Chinese assistance in trying to rein in Pyongyang. The two leaders met in Florida earlier this month.

Summing up N. Korea, Trump noted how difficult it must’ve been for 27yr old Kim Jong Un to take over his Father’s role as leader.

“I’m not giving him credit or not giving him credit, I’m just saying that’s a very hard thing to do. As to whether or not he’s rational, I have no opinion on it. I hope he’s rational.”

DEVELOPING…

 

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