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
23,428 Blog Posts

Back in the Tall Grass

Hold on a second, bucko. It appears the religion toting asshats from the east would like to see China’s 50bps bank reserve cut and raise them with a “fuck you, you’re dead, no oil for you” move out of the 1970’s “how to be a terrorist state handbook.”

They will no longer supply the UK or France with crude (insert sad face here).

This smells like good old fashioned war to me! If I were a 4 star general from ‘Merica, I’d strongly advise Obama to continue with his prolific use of the drone to remote control our way to success. I’d arm the drones with mustard gas or a concoction of uranium and dynamite, in order to light Iran’s oil fields on fire and extinguish any semblance of life in and around those “terrorist safe havens.”

If there is one thing I have learned over the past dozen years or so: two wars is simply not enough. Should we, as a nation, endeavor to open up another front in this glorious roadside bomb filled war on terror, I believe we can possibly open up another one or two fronts as a bonus (EXTRA CREDIT).

If I was a general, I’d dress myself in the finest military garments, perhaps even go retro donning WW2 style costumes. I’d wear helmets to the grocery store, with my stars on them, being chauffeured around town by a lowly Colonel. When walking throughout the garrison, I’d order Sgt. Majors to partake in menial tasks, such as cleaning toilets and changing the ropes on the little obstacle courses in the training fields. Then I’d head over to my “battle-station” (the good old “HQ”) and order some Lieutenant to “initiate drone sequence” and “take out some enemy.” Ah, the life of a 4 star general; one could only dream.

Back to reality, I might find myself in the tall grass again on Tuesday, clamoring for fresh meat, should weakness hit the tape due to this Iranian hogwash. As of now, I am roaming on the outskirts of the tall grass, loitering near some highway, roaring at the tractor trailers speeding by.

NOTE: GOOD NEWS for Bernanke lovers. He just released a new rap video. I think you will like this one.

[youtube:http://www.youtube.com/watch?v=utDcPGGaVS8 606 500] If you enjoy the content at iBankCoin, please follow us on Twitter

49 comments

  1. chuck bennett

    Like I said. War is a coming, Iran flavor

    regards

    chuck

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    • flyaway18

      Sold half my AMKR Thursday at 6.75. Listened to the earnings call and wasn’t that impressed. Last time USD weakened and gold went higher the stock tanked so figured it was best to cut some loose now although in time I am sure there is further upside. There is a cool looking gap that needs to be filled around 7.50-8.00.

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  2. pedro

    that ERY isn’t looking like such a hot pick right now…

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  3. riggedgame

    Easy to solve the Mideast Iranian nuke problem. Just give Iran 100 operable nukes out of American inventory.

    That would calm Israel down quickly.

    It’s called “Mutually Assured Destruction” or MAD. And it works.

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    • Highsurf

      RE: the MAD contract – wasn’t there a “madman” disclaimer in there somewhere?

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    • wilmer

      MAD only works when both parties are rational and don’t consider going out in a blaze of glory the ticket to paradise.

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      • CalgaryG

        Fact is, the only nation to use nuclear weaponry, and on civilians, no less, is the good ol’ US of A. I know, nuking Japan was a noble act that actually saved lives! Perhaps this is the goal of the Iranians too; “life saving”.My money is on the Israelis though, for the most likely to “save lives” by striking first.

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  4. Trading_Nymph

    Iran is really the supplier to Greece, because Iran is probably the only one that will take its credit. They supply Italy too I believe, I will check, but I don’t think much of Iran Oil goes to UK or France? This Greek Bail Out Meetings is the best soap opera btw.

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    • Trading_Nymph

      Yep, not much, France purchased about 2%, or 49,000 barrels a day, while the U.K. took less than 1 percent from Iran. Now if Iran was a Mother Fuckin Pimp like China it would have cut Greece’s supply. BTW Jake did you see how everyone at Foxcomm got a raise this weekend..China is the original Gangsta..that IPad lawsuit was perfect.

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      • Po Pimp

        But with all the austerity measures being pushed through Greece, they won’t need any oil.

        Ha, joke’s on you. Again.

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        • drummerboy

          but how will the citizens of greece be able to make maltof cocktails?

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          • Yogi & Boo Boo

            Greek moonshine works for that quite well. Furthermore it fits the Greek psyche in that it avoids petrol taxes.

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  5. pedro

    This ECB bond exchange is a pretty big deal. Felix Salmon provides an excellent primer on the matter: http://blogs.reuters.com/felix-salmon/2012/02/17/the-greece-game-turns-chaotic/

    Interesting times we live in, indeed.

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    • COR

      If I didn’t already know the communitarian end-goal was to make the American middle class part with its wealth by way of a long-term depression resulting in a USD collapse, I’d be excited, as well.

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  6. Rat f

    Mwahahahahahahaha

    Fucken girlie-bulls – can’t live with them, NOT ALLOWED to shoot them!

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  7. jimmy_two_times

    Perphaps, Greece is going provide the distraction which is needed to intitiate said war?

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    • riggedgame

      Why does anybody except Israel and American Neocons want a war in Iran?

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      • Frog

        Who said anybody else did?

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      • Mad_Scientist

        Obama wants to get reelected, genius. If he launches war on Iran, that piece of garbage 0zero would deflate the entire republican campaign. And he is the kind of man to start a largescale war just for his reelection campaign.

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        • drummerboy

          how bout when his buddy rahm, hosts this g5 five summit.they are actually talking about the riots that will ensue,that they know is going to happen,as if this is what they want. and therein lies the chicago switch-eroo.rahm,and his flunky 0zero are gonna create there own crisis, i’m bettin the farm on it.

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  8. COR

    Fly,

    How did you know that French Montana and Waka Flocka were my music selection of choice, when it comes to intellectual stimulation of the highest caliber? This is like Mozart to my ears, in the way the arrangements dance and play in my frontal lobe.

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  9. SteveTheNeighbor

    Good news Neighbor Fly. The Steve family can travel with the Fly family to Orlando, but since I am unemployed we can’t stay at that fancy schmancy Waldorf in the Bonnett Creek area of Disney. We will be at the KOA Campgrounds off Orange Blossom Trail.
    My fanny pack and white belt is packed and I know Steve, Jr. wants to go to Gatorland and watch you run sideways with the Gators. I don’t mean to kvetch but:
    Are those giant turkey legs kosher?
    Aren’t you still banned from the Magic Kingdom for going meshugana and cursing out the Tiki Birds in The Enchanted Tiki Room, last time you were there?
    Any way, we are set to go.

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  10. Sebastien

    Gas price will spike et le prix de l’or aussi ! (Pratice your French lol)

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  11. pitbull

    Ron Paul says iran would have blown up already if we did’nt tell “Is’ NO

    http://www.youtube.com/watch?v=FDvWXvsyBGo&feature=player_embedded

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    • Testicules

      oyyyy…enough already

      Iranian nuke experts have been getting knocked off every other day. Why bomb the shi-ite out of the General Population, when you you only need to round up a handful and turn them into dust bunnies..
      This will be the War that never reached full launch mode.
      Now N-Kor is clambering for attention with threats of a full scale dung drop…send fucktard jr a few Playboys, a case of Scotch and a years membership with …Milf-Finder.com

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  12. noodle

    dope song fly

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    • noodle

      its melting my brain just right

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      • Blind Read Ant

        I was particularly impressed by the 8 plex unit they occupy.

        Now there’s “new money”.

        At least rent gaudy bling if you’re making a rap video (U already went that far, nudge there to French Montana). Geesh.

        The colorful icing on stationary women was creative dramatization (however).

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  13. flyaway18

    Fly, compared to the other blogs on this site, your blog seems to attract the highest number of posters with the lowest IQs. My guess is, no one cares to listen to their drivel in real life, so they spew their ignorant opinions here. I mean, I’m beginning to think the majority of them don’t even trade as they hardly ever write about stocks.

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    • Camel Toe

      I thought Fly was going to clean house, banning folks having under 1 Million in their port.

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  14. Mad_Scientist

    People have to start seeing past the media BS and smoke and mirrors. There is an obvious agenda on the part of the part of the media to promote a war with Iran over the past few weeks/months, but the reality is that nothing has changed about that situation over the past 3 years except that the nuke program is more advanced now.

    I know how Netanyahu is, and he does not have the guts to launch a war, unless it’s with participation of the US. Because he would rather please the wishes of the American Govt than to defend his people. If America wants a war, maybe he’ll do it. If they do not want it, he definitely will not do it. He is set on the course of “sanctions” and he has said so with his own mouth over and over again. He even said that sanctions have not worked in the past but he hopes this time they will. Truly moronic policy, but no one seems to be able to read and comprehend. What he is saying is that he is putting pressure on other nations to participate in stronger sanctions and he prefers not to have war.

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  15. Peace Dividend

    “Syria is on the verge of collapse, and is unlikely to survive more than a few more months. The body count is mounting, and the only question now is whether Bashar al-Assad will flee to an undisclosed African country or get dragged out of a storm drain to take a bullet in his head. It couldn’t happen to a nicer guy.

    The geopolitical implications for the US are enormous. With Syria gone, Iran will be the last rogue state hostile to the US in the Middle East, and it is teetering. The next and final domino of the Arab spring falls squarely at the gates of Tehran.

    Remember that the first real revolution in the region was the street uprising there in 2009. That revolt was successfully suppressed with an iron fist by fanatical and pitiless Revolutionary Guards. The true death toll will never be known, but is thought to be in the thousands. The antigovernment sentiments that provided the spark never went away and they continue to percolate just under the surface.

    At the end of the day, the majority of the Persian population wants to join the tide of globalization. They want to buy IPods and blue jeans, communicate freely through their Facebook pages and Twitter accounts, and have the jobs to pay for it all. Since 1979, when the Shah was deposed, a succession of extremist, ultraconservative governments ruled by a religious minority, have failed to cater to these desires

    When Syria collapses, the Iranian “street” will figure out that if they spill enough of their own blood that regime change is possible and the revolution there will reignite. The Obama administration is now pulling out all the stops to accelerate the process. Secretary of State Hillary Clinton has stiffened her rhetoric and worked tirelessly behind the scenes to bring about the collapse of the Iranian economy.

    The oil embargo she organized is steadily tightening the noose, with heating oil and gasoline becoming hard to obtain. Yes, Russia and China are doing what they can to slow the process, but conducting international trade through the back door is expensive, and prices are rocketing. The unemployment rate is 25%. Iranian banks are about to get kicked out of the SWIFT international settlements system, which would be a death blow to their trade.

    Let’s see how docile these people remain when the air conditioning quits running this summer because of power shortages. Iran is a rotten piece of fruit ready to fall of its own accord and go splat. Hillary is doing everything she can to shake the tree. No military action of any kind is required on America’s part.

    The geopolitical payoff of such an event for the US would be almost incalculable. A successful revolution will almost certainly produce a secular, pro-Western regime whose first priority will be to rejoin the international community and use its oil wealth to rebuild an economy now in tatters.

    Oil will lose its risk premium, now believed by the oil industry to be $30 a barrel. A looming supply could cause prices to drop to as low as $30 a barrel. This would amount to a gigantic tax $1.66 trillion tax cut for not just the US, but the entire global economy as well (87 million barrels a day X 365 days a year X $100 dollars a barrel X 50%). Almost all funding of terrorist organizations will immediately dry up. I might point out here that this has always been the oil industry’s worst nightmare.

    At that point, the US will be without enemies, save for North Korea, and even the Hermit Kingdom could change with a new leader in place. A long Pax American a will settle over the planet.

    The implications for the financial markets will be enormous. The US will reap a peace dividend as large or larger than the one we enjoyed after the fall of the Soviet Union in 1992. As you may recall, that black swan caused the Dow Average to soar from 2,000 to 10,000 in less than eight years, also partly fueled by the technology boom. A collapse in oil imports will cause the US dollar to rocket. An immediate halving of our defense spending to $400 billion or less and burgeoning new tax revenues would cause the budget deficit to collapse. With the US government gone as a major new borrower, interest rates across the yield curve will fall further.

    A peace dividend will also cause US GDP growth to reaccelerate from 2% to 4%. Risk assets of every description will soar to multiples of their current levels, including stocks, bonds, commodities, precious metals, and food. The Dow will soar to 20,000, the Euro collapses to parity, gold rockets to $2,300 and ounce, silver flies to $100 an ounce, copper leaps to $6 a pound, and corn recovers $8 a bushel. The 60 bull market in bonds ends.

    Some 1.5 million of the armed forces will get dumped on the job market as our manpower requirements shrink to peacetime levels. But a strong economy should be able to soak these well trained and motivated people right up. We will enter a new Golden Age, not just at home, but for civilization as a whole.

    Wait, you ask, what if Iran develops an atomic bomb and holds the US at bay? Don’t worry. There is no Iranian nuclear device. There is no Iranian nuclear program. The entire concept is an invention of American intelligence agencies as a means to put pressure on the regime. The head of the miniscule effort they have was assassinated by Israeli intelligence two weeks ago (a magnetic bomb, placed on a moving car, by a team on a motorcycle, nice!).

    If Iran had anything substantial in the works, the Israeli planes would have taken off a long time ago. There is no plan to close the Straits of Hormuz, either. The training exercises we have seen are done for CNN’s benefit, and comprise no credible threat.”

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    • Testicules

      hmmm…MHFT?

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    • Mr. Partridge

      Nicely written… I agree with most points, not with everything… but you should start blogging, I will be reading.

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    • ruggyup

      How does one breathe with their head buried in sand?

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    • Po Pimp

      A successful revolution will almost certainly produce a secular, pro-Western regime whose first priority will be to rejoin the international community and use its oil wealth to rebuild an economy now in tatters.

      Sounds vaguely similar to Iraq. How has that worked out?

      But this one is the best, what are the odds you think it would actually happen?

      An immediate halving of our defense spending to $400 billion or less

      If by some miracle we conquer the Middle East and they don’t go all Taliban / al Qaeda on our asses we’ll have to make up new enemies. Hugo Chavez is shitting his pants. Personally I hope we go after Canada. Fuck those Molson drinkin’, curling-lovin’, oil-havin’, bishes.

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      • CalgaryG

        Simma’ down now, we have repelled you lot before; just stay the fuck down there, and nobody get’s hurt……

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  16. Highsurf

    “A successful revolution will almost certainly produce a secular, pro-Western regime whose first priority will be to rejoin the international community and use its oil wealth to rebuild an economy now in tatters.” What are you, a writer for the Disney Channel?

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    • Bullish Bear

      Agreed. He writes about the so called “Arab Spring” like a point man for the 0bama Administration. The first to fall was Tunisia and the Muslim Brotherhood is now in control and the Islamists, not the secularists, have won the majority in the recent elections in Egypt. When they break the treaty with Israel watch what happens with the Sinai. Libya has been taken over by a combo Al Qaida and radical Islamists. The same will happen in Syria and Iran will be as radical as ever if a revolt ever occurs.
      Keep dreaming Peace Dividend.

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  17. Ultramarine1

    Based on the recent articles, weren’t the countries impacted by the Iranian embargo and Iran’s oil cut-off already preparing for Iran’s actions? I thought that was one reason why we’ve seen oil priced where it is now.
    Of course, I agree any military action will cause oil to spike a lot higher.

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  18. BC piker

    I feel an invasion coming on, only it’s not Iran – it’s Canada.

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  19. Blind Read Ant

    Fly, when your President (FLY FOR PRES 2020), don’t forget the handicapped Blind man for Sec. of Mint.

    Thanks for laughter causing tea spillage.

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  20. alf44

    .
    I was thinkin’ that maybe I’d git a maid …
    find a place nearby for her to stay !
    Just someone to keep my house clean …
    fix my meals and go away !

    A maid …
    A man needs a maid !!!

    ~ Neil Young ~

    .

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  21. Hack

    How true. The libs love to tinker around the world disturbing geo-political stability. Carter gave away Iran to the Mullahs and Panama to Noriega. Clinton got us into Haiti, Somalia and Bosnia, killing about 3000 civilians in the name of peace. Obama has Iraq, Afghanistan, Egypt, Libya and the calvary is on the way to Syria.

    On the other hand the war monger, atomic bomb toting Reagan never got mixed up in any BS. Even after 241 Americans got killed in Beirut he pulled out when he could have steam rolled them. He knew better than to get mixed up with a bunch of 7th century religious zealots.

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    • Po Pimp

      Obama has Iraq, Afghanistan, Egypt, Libya and the calvary is on the way to Syria.

      You may want to re-evaluate those first two. I seem to remember they were inherited from the previous president.

      If you are going to pin Haiti and Somalia on Clinton, then we put the oh so scary Grenada against Reagan. Bush I gets credit for Panama and the first go round in Iraq.

      I don’t argue that some of these actions were justified. But to slant your post like that is silly in the face of actual events. Overall it looks like the two sides are pretty much break even in starting wars or conflicts.

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  22. Chris

    What does the FLY know about this music ??

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  23. Please Stop

    No war. Iran is bluffing. Every year its the same nonsense. Just there to give the newspapers something to do besides print old Family Circle cartoons

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  24. Honey Badger

    Interestingly, the plural of Sergeant Major is in fact Sergeants Major.

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