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Yearly Archives: 2017

Washington Post Does Article About 4Chan vs Shia LaBeaouf and Gets Trolled in the Process

The Washington Post is out with an article today, attempting to chronicle the exploits of members of the community at 4Chan — with regard to destroying the delicate fabric of Shia LaBeaouf’s mental state and his ‘art project’ known as ‘He Will Not Divide Us.’

We covered this story several weeks ago, much better than Wapo could ever do.

But the interesting part of the Wapo coverage wasn’t how 4chan defeated Shia over and over again. Instead, it was when they embedded the Twitter account of the person who, allegedly, was responsible for capturing his flag.

Observe what happened to the Wapo article after the lad changed his username.

Wapo beat the fuck down, again.

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Despite Zero Percent Interest Rates, Obama’s Economy Ranks Worst Post WW2

Before you begin to mention the grandiose gains in the stock market since Obama took office, bear in mind a few things.

1. The Federal Reserve lowered interest rates to zero percent, making bonds and interest bearing accounts untenable for retirees, effectively forcing people into stocks. Also, the Fed’s balance sheet went from ~$750b to $4.5t over that time frame — rigging both equity, currency, and bond markets over Obama’s entire 8 year term.

2. Due to the financial crisis, drastic measures were taken to transfer the risk from the banks onto the national balance sheet. Moreso, in order to prevent the economy from slipping back into recession, the Obama administration underwent a methodical process of deficit spending that kept the economy artificially afloat. The side effect of this reckless spending was an additional $9t in debt added to America’s balance sheet.

Fun fact: Obama accumulated more debt in his 8 years as President than all previous President’s combined.

GDP growth, post WW2
Johnson (1964-68), 5.3 percent
Kennedy (1961-63), 4.3 percent
Clinton (1993-2000), 3.9 percent
Reagan (1981-88), 3.5 percent
Carter (1977-80), 3.3 percent
Eisenhower (1953-60), 3 percent
Nixon (1969-74), 2.8 percent
Ford (1975-76), 2.6 percent
G.H.W. Bush (1989-92), 2.3 percent
G.W. Bush (2001-08), 2.1 percent
Truman (1946-52), 1.7 percent
Obama (2009-16), 1.6 percent

Typically, coming off wretched economic growth, as we endured under Bush, the economy would snap back fiercely and register some impressive numbers. But that never happened under Obama, for a variety of reasons — namely because his administration opted for a Frankenstonian approach to economics that resuscitated and kept it artificially afloat, in order to progress an aggressive socialist agenda wrought with public entitlements and high taxes.

The net result, as the numbers show, was extreme failure — judged solely by ROI. As a nation, we stimulated the economy with more than $13 trillion in debt and Federal Reserve market interference, and yet the Obama years will forever be remembered as the only administration since Hoover to not grow the economy by more than 3% during his entire 8 year term.

Hey, at least we got an awesome healthcare plan out of it, yes?

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Matt Drudge In Rare On Air Appearance Declares: ‘Trump Saved the Media’

Celebrating Michael Savage’s 75th birthday, Matt Drudge, founder of the largest news aggregator site in the world, DrudgeReport.com, paid him a surprise visit and guest hosted for a short while, fielding some calls and offering his opinion on the ongoing struggle between Trump versus the world.

Almost begrudgingly, Drudge declared that Trump, single-handedly, saved the main stream media from death spiraling amidst catastrophic ratings — thanks to public disinterest. Because of Trump, Drudge believes, the opposition has ‘consolidated’, ‘following every bouncing ball’, which has created a revitalization in the media not seen in years.

“I’m getting a little bit nervous about the media situation. Do you know, the media was near death. The New York Times was hanging on the short hairs. Do you know Vanity Fair was going under. CNN barely had a fraction,” Drudge said during an appearance on Michael Savage’s radio show.

Trump saved media

Case in point, the share prices for all of the major media companies are sharply higher this year.

Being a provider of both financial and political news, I can tell you, first hand, our finance traffic pales in comparison to the political stuff. People are simply transfixed by this administration, because the man, Donald Trump, love him or hate him, is a lightening rod for controversy. We’re living through a reality show, the White House edition, and the media loves it.

Drudge also touched on Twitter, suggesting their audience is inflated and not that big. Largely, it’s an echo chamber for junkies.

Twitter’s audience isn’t that big. It’s for junkies.

Lastly, he cited recent Rasmussen poll numbers that showed Trump with a 44% approval rating. He said he trusted Rasmussen and that the bad polling data was ‘a danger’ for Trump and a consequence of having been dealt a bad hand, with everyone working in concert against the President. Drudge believes taking some time away from the limelight would do the President some good, judging the tree by the fruit it produces.

Drudge is worried about Trump’s poll numbers.

Here’s the full clip.

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The Russian Embassy Trolls American Red Scare Propagandists With New Voice Mail Message

Comrades,

Mother Russia has updated their voicemail message so that anyone could speak to a Russian hacker about election interference.

I think, as pragamatic individuals, we should acknowledge that Russia is truly in charge of all elections now, presently capable of infiltrating the thoughts of billions of people by way of fake news bots and hackers that are literally able to appoint leaders in any country they want.

Western powers are defenseless against these high tech magicians and have made it clear that they can do nothing to fend off these vipers, other than to bitch and moan about how diabolically savvy they are.

Think about it. Russia is able to install entire regimes without firing a single shot. They’ve truly revolutionized the ancient concept of aggressive imperialism, done in a very genteel and modern non violent way that only the Russians are capable of pulling off. Such hipsters.

Behold, the Russian Embassy in the U.K. has revealed their new voice mail message.

“You have reached the Russian embassy, your call is very important to us. To arrange a call from a Russian diplomat to your political opponent, press 1. To use the services of Russian hackers press 2. To request election interference, press 3 and wait until the next election campaign. Please note that all calls are recorded for quality improvement and training purposes.”

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White House Financial Disclosures Reveal Trump’s Top Trade Advisor Was Short China and Presently Leveraged Short Treasuries

Last night while most of you losers were out vomiting on your dates, following a night of wanton drinking, I spent my time combing over the financial disclosures that were released by Trump’s staff. For the most part, it was garden variety money management shtick, vast portfolios spread out across numerous asset classes, real estate, and bank accounts.

I was surprised to learn that Sean Spicer was well off, with various real estate and stock holdings. Kellyanne Conway is worth anywhere between $10-40m and is a consultant for at least two dozen organizations.

The one that stood out most, which shouldn’t really come as a surprise considering he authored a book titled ‘Death by China’, was Trump’s top advisor on trade, Peter Navarro.

According to financial disclosures, Mr. Navarro was short China, via $FXP. Interestingly, he was also long China, via $FXI. Perhaps he was trying to arb or hedge a trade. It doesn’t make much sense to have both, certaintly not at the same time.

Additionally, he presently leveraged 2x short US treasuries, via $TBT. That’s sort of intriguing, our top trade advisor being short bonds, betting for rates to head higher.

He divested long bets on Germany, India, Taiwan and Europe. He’s long Canadian oil via $CNQ. And it looks like he booked a loss in piece of shit internet security stock, $FEYE. Who hasn’t?

Peter is a life long Democrat, a professor at the Univesity of California Irvine, who owns rental properties in the shithole known as Troy, Ny. Anyone who’s ever been there can attest to my opinion as being wholly accurate.

Lastly, Mr. Navarro received $10,500 for a keynote speech for the Casket and Funeral Supply Association. You really can’t make this shit up. The lad is so bearish even funeral directors want him to give speeches.

Disclosures below.

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Spicer Skewers Media For Defending Dr. Farkas, Calls Her Public Admissions of Collecting Intelligence on Trump ‘Devastating’

In today’s press conference at the White House, Sean Spicer shifted the conversation away from the nothing-burger of who told Chairman Nunes about the Trump team being surveilled by the Obama administration to the public comments made by Dr. Farkas — the former Deputy Assistant Secretary of Defense specializing in Russia, who said “get as much information as you can” to persons inside the intelligence apparatus — for the purposes of preserving intel on the Trump team in an effort to hide it from the incoming administration.

Spicer called her comments alone ‘devasting’ and posited the notion that had the media been treating the Trump administration fairly, they’d be more concerned with the intelligence leaks coming out of the Obama administration — surveilling Trump and his team — for reasons that are, indelibly, unclear.

Furthermore, he mentioned Hillary Clinton’s paid speaking fees from Russia, selling off 1/5th of America’s uranium supplies, and receiving personal phone calls from Vladimir Putin as actual legitimate Russian connections that should raise an eyebrow. In terms of Obama officials admitting to surveilling and safe keeping intelligence on the Trump team, Spicer thinks there was an attempt to do something that was politically motivated and should be investigated.

Immediately following Dr. Farkas’ comments were made on the Morning Joe show, revealing that the Obama administration had been surveilling the Trump team, the notion of how she might’ve come into contact with Trump team intelligence, after she had resigned from the pentagon, became a topic of discussion — which the media didn’t seem to grasp today with Spicer.

Here’s Spicer chastising the media for defending Dr. Farkas, instead of asking her questions as to how she had access to Trump intelligence, post resignation, and why she spread classified information in an effort to conceal it from the incoming administration.

Bradley Moss, an attorney who specializes in national security law, tweeted his dismay that Dr. Farkas’ public comments had become a topic of discussion, saying “OMG, yadda, yadda, yadda.” This is all a big inconvienence for those who’d rather spend their time mocking the President for alleging that Obama had, in fact, ordered ‘wiretapping’ done on him and his team. It’s even more troubling for them to learn, after the fact, that everything the President said was true.

Nevertheless, Dr. Farkas agreed with Moss, tweeting ‘Amen Brother. Who benefits from this fake news? R-U-S-S-I-A.’

Using her logic, anything that doesn’t impugn the character of the President of the United States, any defense for the rule of law as it pertains to the illegal transfer of classified documents and unmasking of persons, is, in fact, aiding and abetting the Russian government. In other words, she believes, arrogantly, that she is above the law — because she’s fighting the good fight against Mother Russia — defeating it for a second time in a renewed cold war.

Unreal.

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The First Quarter is in the Books: Here Are the Winners and Losers

Year to date, the Dow is higher by 4.8%, S&P 500 +6% and the fag-heavy Nasdaq +10%. The top 5 performing sectors were Home Improvement stores ($BLDR, $LL, $LOW, $HD), Nuclear ($URRE, $UUUU, $UEC, $URG), Aluminum ($AA, $CENX), Semi Equipment ($AEHR, $LPTH, $COHU, $BRKS) and Hospitals ($CYH, $JYNT, $SSY, $THC)

The losers were Department Stores ($BONT, $JCP, $KSS, $SHOS), Oil and Gas Drillers ($NADL, $PACD, $PES, $BBG), Apparel Stores ($SMRT, $SSI, $CBK, $ASNA), Home Furnishing ($TPX, $FLXS, $HOFT, $ETH), Pollution and Treatment Controls ($CECE, $ERII, $HCCI, $FTEK).

The great thing about Presidential elections is the predictability of the policies and how they might affect share prices.

Take, for example, $PRSC. This is literally a play on American welfare and entitlements.

The Providence Service Corporation, through its subsidiaries, provides critical healthcare and workforce development services in the United States and internationally. It operates through three segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services), and Health Assessment Services (HA Services). The NET Services segment offers covered healthcare related transportation services for individuals with limited mobility and/or people with financial resources that hinder them from accessing necessary healthcare and social services. The WD Services segment offers workforce development and offender rehabilitation services, including employment preparation and placement, apprenticeship and training, and other health related services comprising employee assistance programs for unemployed, disabled, and unskilled individuals, as well as individuals coping with medical illnesses. The HA Services segment provides care optimization and delivery solutions, including comprehensive health assessments, as well as in-home and community-based care management offerings. The company was founded in 1996 and is headquartered in Tucson, Arizona.

When Obama took office, the share price was under $2. By the end of his term, it was north of $50. I found the stock during Obama’s second term, when it was $15. Regrettably, I never held my position long enough to benefit from their growth.

On the currency side, Bitcoins rose by 10% and the Mexican peso by 10% — recovering some the losses it endured during the American elections.

Lumber is up 20%, Palladium +16% and Lead +16%, while Orange juice dropped by 20%, Natural Gas by 14% and Sugar by 14%.

Going forward, providing Trump isn’t impeached and removed from office, expect more of the same — bullish on infrastructure, commodities and nuclear, while bearish on retail, big pharma, and anything environmental.

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GET IN HERE ESTABLISHMENT SHILLS: An Explanation Why Trump is Your President

Hat tip to the Senator, former ibc blogger Jakegint, for sending this to me. It’s perfect.

Often times people challenge me as to why I voted for Trump, puzzled by my decision to eschew establishment shilling which has treated me so fairly over my Wall Street career. After all, I’m on record here saying, on more than one occasion, that I supported status quo and wanted everything to remain as it was.

When Trump first announced his candidacy, I thought it was a joke. Then he started to grow on me, as his seriousness on issues that should matter to me, but didn’t at the time, was experessed in a way that I never heard before.

I grew up in a blue collared household, but had enjoyed success since my early 20s. Although I’m able to relate to all people, from any background, due to my life experience, I’ve always preferred to be around people with money. That’s just an honest truth.

The Trump movement doesn’t die with Trump. It was the redpill that was swallowed by tens of millions that will only grow in its ferocity, especially after seeing main stream media, political establishment, and intelligence agencies react so negatively to the will of the angry American people — discarding our votes as nothing more than the subsequent result of Russian hacking.

Watch Tucker Carlson describe this movement and how it arrested him, changing his views on politics forever.

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Anonymous Trader Dubbed ’50 Cent’ is Wantonly Losing Tens of Millions in Expiring VIX Contracts

This is probably part of a top secret CIA shadow finance project, cloaked by the whimsicality of a seemingly brainless trading strategy which stands to capitalize on a Trump presidency ending.

Seriously, I have no other rational explanation for the story you’re about to read, about an anonymous trader delving into the VIX market to buy millions of dollars worth of contracts — all at the specified price of 50 cents. The strike or the duration is unimportant, just as long as the contract is trading at 0.50.

What in the actual fuck.

Source: CNBC

What’s most notable is that even after losing some $75 million by betting on a volatility spike, the huge options buyer known as “50 Cent” shows no signs of slowing down.

“I would categorize them as someone who doesn’t flinch at losing money,” commented Pravit Chintawongvanich, head of risk strategy at Macro Risk Advisors, who flagged the activity in a series of research notes.

The money-losing trades in question have been purchases of call options on the CBOE volatility index. These represent bets that market volatility is set to rise, and to a lesser extent, that stocks are set to fall.

Sussing out the actions of an institutional trader based on public information about options trades can be difficult, if not impossible. But this trader made it easier by leaving a clue out in the open.

“They have a very particular pattern of buying options,” Chintawongvanich explained Wednesday on CNBC’s “Trading Nation.” “Basically they come in every day and they buy 50,000 VIX calls worth 50 cents. So in other words, they don’t care too much what the strike is; they just pick the option that’s worth 50 cents.”

On Thursday, for example, 50,000 of the VIX 21-strike calls expiring in May were apparently purchased at a price of 49 cents. These options will expire worthless unless the VIX skyrockets 82 percent in a bit more than a month and a half, and will lose money unless the VIX closes above 21.49 on expiration (the VIX closed Thursday trading a bit below 12).

Since the multiplier on VIX options is 100, the purchase alone comes to nearly $2.5 million. In terms of the number of contracts, it was the single biggest trade of the day on any index or stock.

And that wasn’t all. Also on Thursday, 15,000 May VIX 20-calls were traded at 51 cents, and 10,000 May VIX 21-calls were traded at 47 cents.

In total, the party that has become known as “50 Cent” after its favorite purchase price has spent about $90 million, and has already seen $55 million worth of purchased options expire worthless.

Unsurprisingly, this strategy appears to have a marked effect on the overall market for VIX options. Total VIX call open interest has risen to an all-time high thanks to 50 Cent’s purchases, Chintawongvanich said.

A huge share of those calls have 50 Cent’s name on them.

Ironically, the huge bets on the VIX could end up dampening volatility.

“50 Cent becomes very well hedged in a risk-off event, and would be in a position to provide liquidity for those scrambling for a hedge,” Chintawongvanich wrote. “The presence of ’50 Cent’ could mean that future volatility spikes are muted.”

“We think it’s highly possible that this is some kind of systematic hedge run by a larger asset manager,” such as a government pension fund, Chintawongvanich said. “Even though $90 million is a lot of money to us … in percentage of their total assets, it might be a lot smaller.”

In all of my years managing money, I’ve never heard of bets being placed as reckless as these trades. Could this be the actions of a man who’s mandated to lose X amount of dollars in order to inherit a much larger amount, as was the case in the Richard Pryor classic film ‘Brewster’s Millions’?

Or, is this very smart money acting dumb in order to be dismissed as the actions of a deep pocketed lunatic?

Whoever it is, rest assured, has deep conviction that the record low levels of volatility that we presently enjoy is about to end.

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Wikileaks Reveals CIA’s ‘Marble Framework’, Capable of Disguising Hacks in Foreign Languages

As part of Wikileaks Vault 7 release, they just revealed a top secret CIA project dubbed ‘marble’, which is a program that enables the CIA to hack undetected, by cloaking their whereabouts in foreign languages.

In other words, for example, they could’ve hacked into John Podesta’s email box and made it look like the Russians did it.

Or, the Russians might have similar tech and could make it look like the CIA was trying to make it look like the Russians did it, 4d chess style.

The point is, the so called evidence that has been presented tying Wikileaks to Russia, thus far, is childish. There have been zero actual revelations in that regard, other than some anon spooks promising us, ‘with a high degree of confidence’, that they’re right.

Judging by their recent intelligence work that got us into idiot wars in the Middle East, paint me skeptical about anything short of smoking gun evidence that’s directly ties the Russian government to the hacking claims.

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