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
23,478 Blog Posts

The Post 9/11 Era

Eleven years ago today, I was reading The Book of Better Business Wisdom on an express bus from Brooklyn to my office in midtown Manhattan. As the bus pulled up to the world trade center a thunderous noise rattled the streets. It sounded like 10 cars had exploded at the same time. Shortly thereafter, paper confetti began to sprinkle atop the vehicle and a wide hole of fire was visible at the top of the trade center.

The era of 9/11 had begun.

Since then our politicians have disgraced themselves in ways unimaginable, through corruption and stupidity, we now have $16 trillion in national debt and our markets can’t survive without QE-life support.

Since 9/11, I’ve given up all hope on our federal government. I used to be a patriotic conservative, arguing the purposeful mandates of the republican party at dinner parties–kicking liberal colleagues in the shins and guts. After a while, however, I realized both parties were corrupted by the same thing and neither of them cared about the American people. My brother in-law did 4 terms in the Iraq war, risking his life for reasons unbeknownst to me.

Truth be told, I’ll never waste my time and money on politics again. I chalk it up to a youthful excursion into the bane and jejune.

As for the market, I hope it rallies today–but don’t expect anything grandiose ahead of the Fed. Fun fact, the iPhone 5 may boost GDP by 0.25-0.5%, according to an analyst report. Amazing.

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32 comments

  1. acehood

    “…a youthful excursion into the bane and jejune.”

    That’s a gorgeous fucking sentence (no homo).

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  2. Beano

    Mr. Fly,

    your best post ever … ’nuff said.

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    • piker

      great post but come on!!!! everyone always says “best post ever”… In order for it to be the best ever, there cannot be a better one before OR after! You don’t know how great his posts in the future will be, so at LEAST call it the “best yet”, and only if you have read every single post he ever made!

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  3. Sloop

    Thank your brother in-law for me.

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  4. moolahheaven

    I’ll never forget or forgive the bastards who murdered my friends and fellow Americans – and I’ll never give up hoping for the best for America and supporting good leaders. RIP heroes and victims of 9/11.

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  5. The Eye-Talian Stallion
    The Eye-Talian Stallion

    The average NewYorker either doesn’t remember 9-11, thinks it was an inside job or doesn’t care. That’s what should keep everyone up at night, not the politicians.

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    • baller

      or the fact that 19 guys on a camel could cause Americans to think it’s just to take away our own freedoms one by one. We’re not the first country to ever be attacked. There have been Oklahoma bombings, Olympic bombings, 7/7/7 and others all over the world. But only the US uses the corruption as people like Michael Chertoff get rich off of full body scanners and molestation at airports to exploit fearful bastards. Only amerika(spelled this way to represent the current state of America, not the one that once stood for liberty) has enough corruption to limit freedom of expression as you can only protest if you have a permit.Only amerika plays the blamegame as Barney Frank, Nancy Pelosi, and John Kerry and democrats profit off of inside information AS WELL AS Boehner and many republicans during the greatest financial crisis since the great depression. Only amerika do politicians hand themselves bonuses at th expense of americans when we are in a recession. Only amerikans elect a senator with 2 years of experience who’s claim to fame was a speech about reducing the debt, and then proceeds to spend and demand that the debt ceiling be raised, while those same disillusioned amerikans still have the cognitive dissonance to support such claims. Meanwhile the democrats are supported for supporting a healthcare bill while the politicians have their own healthcare and golden parachutes 20x better than the average American will get and expect us to pay for it and now taxes may skyrocket to pay for those that do nothing….

      The tax on cigarettes are to discourage smoking, and the sign by the department of agriculture puts out a public service announcement at zoo that says “do not feed the animals for they will become dependent upon us to eat and not learn how to do things for themselves.” butthey claim a earnings tax does not discourage working and that food stamps does not make people dependent upon government Republican principals mean nothing though, and if you think that the insiders aren’t going to have “their guy” regardless of “party” representing them, you are sadly mistaken.

      /rant

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  6. J

    Never forget and never forgive either.

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    • C

      Never forget and never forgive. Let be ever so. Amen.

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    • Je to the sus

      love your enemy as yourself

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      • mad_scientist

        The original Bible (what you might consider “old testament”) says Love your FRIEND as yourself. Not enemy.

        (“Friend” translated from Hebrew really also means brother, which in that context means fellow Jew, or if you want to look at it for your own life, since you may not be Jewish you can view it as fellow countryman – wherever it is you live) Certainly the Torah does NOT say to love your enemy.

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        • Jakegint

          “Neighbor,” in most translations today, I believe, but correct… not “enemy.”

          Jesus just said to forgive your enemies, but it was not The Greatest Commandment, as the above was.

          Little known gnostic texts say “Thou shalt not smite thine enemy down an open manhole nor scather him with hot cheeses on bread.”

          __________

          ________

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  7. Simonjemmy

    I hate to be like the other suck up bastards around here, but Fly, you’re way cool.

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  8. broadway joe

    It was my second day of high school…what crazy times…

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  9. bobbin4apples

    your money will go towards politics as sure enough as your inevitable heath deterioration. (death and taxation)

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  10. Sur Platonic Plateau Du Tecnocrats, B.R.A., D.J.D. upon Rookness.

    Something informs me the days of “…[LeFly] kicking liberal colleagues in the shins and guts” are not over.

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  11. Montrose

    You wrote “My brother in-law did 4 terms in the Iraq war, risking his life for reasons unbeknownst to me. ”

    That’s easy. The country is not the government. Yet.

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  12. Marc David

    No Apple; No America. –> Laugh but it’s sort of true. Wish it was something we did that affected the world in a useful way like clothing, food, housing, irrigation… but I guess for many, that phone is right up there with food, shelter and sex.

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  13. Cheesefries

    Hey Mr.Conservative Republican, thanks for voting for Obumba.

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  14. JB

    “I realized both parties were corrupted by the same thing and neither of them cared about the American people. ”

    9/11 inside job?

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  15. razorsedge

    As i begged my son not to join the army, he said dad im goin so you dont have too.

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    • razorsedge

      to

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    • dont arm me

      If you kill one, there will be vengeance. If there is vengeance there will be another dead. IF there is another dead, there will be more vengeance….and the circle of life death continues…. For what, so politicians (supposedly public servants)can continue to leach off the American people and inside trade and get themselves better retirement plans while using social security as a tax rather than endowment fund and spending everything that is supposed to benefit the people?

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  16. l.k.w.

    Data Mining

    We all know the various commodities on the market which are owned by company A, B, or C have been pirated, pillaged or acquired through various governments. From oil to gold, diamonds to plastic cans, and any natural resource now categorized as a commodity with no real value, but the daily assignation of thus, once held by Earth, the natives, the people before another government shocked and awed it away from them, moving, now, toward putting water on that scheme of valuing things, any of them, all of them, owned operated, distributed for us, to us, by those who know better and fuel or rock our economy–we get in line, terror alerts high or none, buy if we can afford more stuff made from those materials, or more often than not, serve our masters by buying anyway.

    But there’s a line. I draw it to the current gold rush, part black, part white, we all know our information is valuable, we all know they mine us every which way they can, we all know our personal information is a commodity, but in what market? Market research? You can play your odds there, and it seems like a win, but I think now there is a legitimate question to be asked about resource acquisition. Who owns it. I say me. And you, and whoever is a five or a one this value swing.

    We all know we have a credit rating, but we also have a data value rating. It’s been a five or a one, or somewhere in between, the market values our purchases, our voting records, our highly volatile bandwidth meanderings, the cheaper the better, when it comes to acquisition.
    But where’s my cut?
    We’ve gone beyond protecting privacy, there’s no way back, but there has got to be a way to either devalue the commodity completely, or at least cash in on the information they steal from us every single day.

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    • l.k.w.

      And how are these things valued anyway? Is my, female, non-voter, shopper, irreligious, irratical ways more or less valuable than a 6-year-old logging on to his first handheld device? After all he has fifty years or so on me, if you’re betting data longs.

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  17. mad_scientist

    And in the post-9/11 era this country elected president a man who is ideologically in favor of the Muslim global agenda. Wow.

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  18. mad_scientist

    According to obama’s pastor, 9/11 was the day “america’s chickens [came] home to roost”

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  19. Raise Taxes, Raise Spending
    Raise Taxes, Raise Spending

    The iphone is a huge contributor to the balance of payment deficit. Apple even says that the USA has lost the industrial capability to even make the iphone.

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