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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
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War is Coming Gentlemen, a Big Fat Ugly Trade War — Here’s Why Stocks Traded Lower Today

Rex Tillerson was a GIGANTIC FAGGOT who believed the MSM myths about the many evils that Russia does. Like Nikki Haley, Tillerson was, essentially, a repeat box for CNN. All of that should change with Pompeo, a man who doesn’t give a shit about Russia and instead believes China is the bigger threat.

In his own words.

On China

“The Chinese have a much bigger footprint upon which to execute that mission than the Russians do.. We can watch very focused efforts to steal American information, to infiltrate the United States with spies – with people who are going to work on behalf of the Chinese government against America. We see it in our schools. We see it in our hospitals and medicals systems. We see it throughout corporate America. It’s also true in other parts of the world… including Europe and the UK.”

“It’s the case that Xi Jinping has created an enormous personal power. He has taken many of the levers of power that were from time to time more dispersed. But from America’s perspective, this administration has been very clear of pushing back against the Chinese threat,” Pompeo said, using a phrase that often draws protests from Chinese officials. —-March 11 on “Fox News Sunday”

“This administration is prepared and engaged in pushing back against the Chinese threats so that we can have a good relationship with China in a way that the world desperately needs.” –March 11 on “Fox News Sunday”

On Russia

“The Russians attempted to interfere in the United States election in 2016. They also did so before that. There’s a long history of Russian efforts to influence the United States and conduct influence operations against the United States. And it was Russians who actually engaged in this, not somebody from outside of the country or disconnected from Russia.” –March 11 on “Fox News Sunday”

But Pompeo then added: “There’s not been a single indication that any vote was changed, that ballots were tampered with, or that there was any outcome determined by the intelligence community. The intelligence community has simply said that’s not our role to make that determination.”

And let’s not forget about this deleted tweet. Pompeo was a fan of the Wikileaks, not because of Russia, but because the emails were all true.

Remember when the market was panicking over Trump getting elected? And do you remember when it went up because his cabinet was viewed as pragmatic? Well, that cabinet is gone now and Trump appears to be going full MAGA now — setting America up for confrontation with China — something that is always viewed as a net negative for stocks.

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32 comments

  1. desertfox

    Just great. Now in the midst of an already busy day, I have to find and then painstakingly read, the Credit Suisse prospectus on Chinese Trade War, as all of the answers will likely be disclosed in there.

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  2. it is showtime

    Russia didn’t hack the emails.
    in terms of origin, of how wikileaks obtained, hrc emails, not russia

    Btfd algos moved markets up.
    not prevailingly because of any admin formation, prevailing-ly, btfd

    and i cant wait for war. yay.
    always happens when economies have no way out, bitchslap time

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  3. Cricket

    “The Chinese have … very focused efforts to steal American information, to infiltrate the United States with spies … in our schools … in our hospitals and medical systems … throughout corporate America …”

    Sun Tzu (544 – 496):

    “Be extremely subtle even to the point of formlessness. Be extremely mysterious even to the point of soundlessness. Thereby you can be the director of the opponent’s fate.”

    “The supreme art of war is to subdue the enemy without fighting.”

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  4. soupbone

    Inflation difficulty dead ahead. Trump is catalyst par excellance here (speeds up reaction without being consumed by reaction). Low cost China has been let run away long ago, since before Greenspan tried to reflate the economy and only got a housing bubble.

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  5. numbersgame

    China is a much bigger threat than Russia.

    However, I think that there is a zero chance that the Trump Administration is doing anything that would favor China over the interests of the United States and a non-zero chance that the administration favors Russia over the interest of the United States, ***as demonstrated by policy decision such as refusing to enact sanctions on Russia***.

    Mueller has not even been working for a full year yet. How many Benghazi hearings were there again? Now if Mueller can’t produce any collusion evidence by September 2018, then I’ll give Trump the benefit of the doubt. Until then, I’m assuming that he had some illegal buisness dealings that he doesn’t want to come to light, and will do anything – including saraficing his own Country – to keep himself out of trouble. A draft dodger isn’t exactly the type of guy that put others before himself.

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    • it is showtime

      ridiculous&wrong
      Trump didn’t need an EXTENSIVE effort or input from russians, He and we all expected a manipulated establishment win, He didn’t need russians in the manner being promulgated or was initially and immediately and then incessantly promulgated by the US media and establishment cohort. It’s, B, S

      Russia-sanctions were a chess move-force, by the power structure, to goad or instigate or further us v russia hostility

      The notion that *Hillary**Clinton* was not already hated enough? That aid was needed to flush her reputation and image?
      Really? ! ? See the lack of logic?
      (The leap of logic that it *had* to be russia that tarnished her image?)

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  6. stocksnblondes

    I think you are missing another point with this Tillerson move. Its not just a trade war, I think we are prepping for a real war against Iran (after Trump breaks the nuke pact), together with the Israelis and the Saudis. Tillerson stood in the way of that.

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    • Cricket

      Yep. War is baked in.

      Make America Great Again. Ask why there is a drive for coal, gas and oil production? Why the push to rebuild the steel and aluminum industries? Why the desire to repatriate US dollars? Why rebuild manufacturing? Why increase defense spending by double digits and “modernize” the military? There is a sense of urgency about it all.

      It must be obvious among the adversarial US watchers (such as China) that the US is moving to a position of production surplus. But who is going to buy US products when Asia and Europe are also doing the same? Nobody. Ergo: The purpose must be to support war.

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  7. ferd

    War with Iran for the purpose of Israeli hegemony is a real concern.

    When any of us speak and write about the well-documented Israeli and American neocon plans for the wars that we’ve fought as well as for the big prize – Iran; we make it slightly less likely that war with Iran will happen. Intelligent Jews will realize that this war will be associated with Israel and then with them — because people generalize about groups. And I believe the war will be extremely unpopular. Getting the word out may, just maybe, stop the next war-against-American-interests before it starts.

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    • sarcrilege

      Trying to pussyfoot around that filthy war possessed tribe living in the heart of Satan’s playground that Israel is and making every effort to be politically correct and not to “generalize” will change nothing. Even retired army colonel Wilkerson will tell you straight up that Israel is in the process of plunging America into a war with Iran that could destroy what’s left of the Middle East and ignite a third world war. How much longer are you going to be giving this filthy tribe a pass? Until your sons, cousins, sons of your friends and relatives are shipped back in body bags? Then you will get angry? Or for as long as somebody else’s kids are killed on behalf of that Israeli filth you’re ok with it? Here’s Wilkerson; take a watch:
      https://tinyurl.com/y7h2ncrv

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      • ferd

        I am quite familiar with Wilkerson. Politically courageous man. Ironic that it was his former boss who sold the UN, and helped sell the nation, on the Iraq disaster.

        Anyway, I am out to convince the unconvinced. You, on the other hand, seem to be out to convince the unconvinced that acknowledging the the truth about the agendas in the mid-east that are leading us by the nose would make one a bigot. Still, I give you credit for caring enough to at least know some facts and for having the gnads to state those facts. But it’s a shame that you can’t just stick to the facts without getting your hate on.

        You might though, unwittingly serve a useful purpose by demonstrating for the slomos of the world that their burying the truth and pushing the pendulum to the extreme in order to advance their racist agenda, will cause an equal and opposite reaction …breeding millions of new Sarcs.

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        • sarcrilege

          I’d like to know where you’re coming from and what your solution would be to the overall situation with this tribe. What steps would you, personally, take if you were given free reign and tasked with action to cure humanity of wars incited by this tribe. This is going on since the talmudic babylonian times. Even Marcus Tullius Cicero , circa 60 BC had something to say on this topic of traitors within,

          A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the (((traitor))) moves amongst those within the gate freely, (((his))) sly whispers rustling through all the alleys, heard in the very halls of government itself. For the (((traitor))) appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, (((he))) appeals to the baseness that lies deep in the hearts
          of all men. (((He))) rots the soul of a nation, (((he))) works secretly and unknown in the night to undermine the pillars of the city, (((he))) infects the body politic so that it can no longer resist. A murderer is less to fear.

          So what is your solution since humanity is looking for one for the last 2000 years. Even Jesus lost it on them. We continue treat them with gloves and turn the other cheek every time? How many more times? What is your final solution?

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          • ferd

            Solution is a loaded word – eh? I’m simply pro-Truth. And I’d like to encourage smart people like you to use their discernment and distinguish between the bad actors and the sheep; lest you further motivate the sheep to be bond with the bad guys.

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          • sarcrilege

            Truth is treason in the empire of lies and anybody who dares to speak truth is labeled as a racist, bigot, antisemite, nazi, misogynist, (insert other labels) and kicked out of polite company. You know that, right? So the only diff b/w you and me is that nobody really knows what or who you are talking about as you have not been labeled yet. I have. I wear these labels proudly. They are a badge of honor. Unless I am labeled with some derogatory label, I know I am not getting thru the thick skulls of the dumb and brainwashed peasants. I am perhaps the only one here that can appreciate the depth of your concerns for where this is going and who are the “bad actors” behind it. Nobody else, it appears. You have not noticed that, have you? Not that you asked; however, it appears to me that whenever you draw some attention to an important issue involving “bad actors”, it is not understood unless translated into some crude language. But I could be wrong…

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  8. moosh

    The time seems about right to get into to some yellowcake. Any captain of an ark knows it needs firepower.

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  9. tradercaddy

    I don’t recall the market going up because the cabinet picks were pragmatic.
    The market turned around in the middle of election night and in fact Trump didn’t take office until 1/20/17 and it took awhile for his picks to be approved.
    The market had already rallied big time.
    It went up because the market liked Trump and his approach to deregulation and being pro business growth.

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    • it is showtime

      You’re telling me that overnight the market decided it’s initial dump-reaction was wrong? And int’l interests decided US deregulation and pro US business was good for them?

      CBs reversed futures that night. Whatever your opinion on equity interference is, CBs have been the primary contributor to equity increase and/or direction over the last several years. You’re forgetting that. You’re forgetting the participation-level of CBs overall. Someone in that circle or community, decided to reverse futures that night.

      [I don’t know how it’s possible you can argue the market liked Trump. The indexes were Down in the first hour of trading for a large percentage of post-november. The btfd programming was the factor. Hello? Indexes needed to be Reversed, a large percentage of the time in those first months to maintain the increases]

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      • s.k.

        The market had priced in a Hillary win. When that didn’t happen the knee jerk reaction, like most surprises, was to sell first and reasses. Especially in leveraged instruments like futures contracts. Love him or hate him Trump has been a positive for equity markets with his pro-growth policies. A Hillary win would have likely involved a brief rally and then stagnation.

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        • it is showtime

          I believe when the context of CB-stewardship over several years is factored, it has much more weight, over other possibilities. The notion that investors reassessed in a few hours overnight is ludicrous. You’re/you all are forgetting how much we observed CBs having the “say” over markets for years. It’s a much stronger conclusion that a drop of such magnitude in an overnight period, changed with such brevity, from a central institution decision

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          • s.k.

            Investors are not trading after hours futures markets. Those are highly leveraged instruments that traders use as a hedge. As for investors, mutual fund inflows were actually up in January of 2018 after the election.

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  10. bennyhill

    No one thinks Russia is a bigger global threat than China, tha’t not the point. Russia successfully interfered in our elections, period. Do you believe in democracy?

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    • it is showtime

      There was no effort by russians in our election matching the claims/assertions/hysteria saying so. A normal amount of positioning, as we have done often, as Obama did with Brexit or Israel, of course.

      That you use the word “successfully”? Shows brainwashing. None of this, would be occurring, if hrc had won. Even if true. It never ever would have been presented. It’s a massive, hyperbolic propaganda deflection

      “Oh. We americans. We’re so helpless, to those powerful russians. We’re just helpless. To their tactics. We were so pitiful, somehow they interrupted the entire democractic process” You’re being sold a plot

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    • bearraid

      Democracy is a horrid system of government, leading to tyranny of the majority. Good thing we’re a constitutional republic. I can’t stand how fucking retarded our last few presidents have been mouthing off all over the world about making this or that shithole safe for democracy.

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  11. masteroneass

    I enjoy the political satire and blogs. But the ultimate blogs are the ones about the tech nutcases like musk bezos ballmer gates mcafee eat a dick bitcoin $500000. These guys are fuxking froot loops. Every single one of them. Name me one normal silicon valley / tech guy. Closest I can get is Johnny Ive and hes british.

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  12. Lyndon Keltner

    Trumpism dies as the dwindling white population loses political power. It’s that simple.

    What’s the point of writing these tl;dr grievance essays?

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  13. ferd

    I’ve been labeled with those terms as well. The only difference is that, with me, the slanderers were wrong. Indeed, I was banned for years from this blog and from Fly’s one time blogger’s (Jake Gint’s) blog for decrying AIPAC’s influence on our politics.

    A lot of people have been programmed to react to criticism of Israel in that way. But enlightenment is more likely to come when the messenger is focused and isn’t working out other issues. Perhaps Cricket will loan you his book and let Sun Tzu explain it.

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    • sarcrilege

      Banned for decrying AIPAC, ADL, Mossad, etc. Highest badge of honor. Respect.

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  14. Lyndon Keltner

    Time to get short /ZB from 144’16 and above. Free money.

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