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
23,455 Blog Posts

MARKETS CRASH INTO A GIANT ORANGE BALLOON

As Zerohedge reported earlier, a giant shitstorm is brewing in the markets. Your only solace is to hold tight for lower prices, hedge your bets, and allocate into gold and bonds — for when the end of the world comes they will be the only things worth anything at all.

The destruction of Bitcoin has given new life to the safe haven status of gold, an ancient metal used in medieval times to pay for swords and shields, which were to be used to kill and maim. Nowadays, morons wear it around their necks, or around their pinky fingers; but it still has value.

In other news, the President issued another short report on AMZN. Let me know when you think this is getting ridiculous.

He’s also tweeting a storm about the caravan of people heading towards the country. How can this be happening? This is a wet dream for Trump, thousands of illegal migrants barreling towards America and the Mexican authorities do nothing?! If you crafted a scenario to energize Trump’s base to press for the wall, you could not write a better script than this. If they let these poor souls into the country, it would likely set a terrible precedent and lead to a African into Europe scenario this summer — something I fully support — but only if we can send them into La Jolla and Santa Barbara for asylum. That’s a fuckload of lawnmowers, believe me.

Look, if you really need to reconcile all of this horseshit, quit thinking of America as a sovereign nation — because it isn’t. It is an amalgamation of states without borders or sovereignty — operated by corrupt bureaucrats — financed by industry. Anyone can settle here and suck off the government tit, as long as they stay in line and vote for the right people. Believe me, if Mexicans were Russians we’d have a border wall 50,000 feet into the sky. Alas, America is a business and right now our business is focused on other countries, because that’s where the money is. Now if the people living inside these states have a problem with it, they should probably do something about it. Problem is, they’re lazy and slothful, because, more or less, people are comfy. Even the poor people in America live fairly festive lives, drunk and fat, watching the teevee for aspirational entertainment.

The markets have crashed into a giant fucking orange balloon named Blohnaldo Drumpfskin and nothing more can be said about it.

More from Fast Money.

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35 comments

  1. gorby

    The post office loses money cause they are forced
    to ship a letter for a dollar that costs them two dollars .
    They have tried to make it up on volume.

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    • metalleg

      It’s actually $0.49 and it’s one of the biggest bargains available anywhere. It’s too cheap. I can drop an envelope in a box in Maine and within a couple of days, it can be delivered to a particular address anywhere in the USA…all for 49 cents. That’s why they lose money.

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      • traderconfessions
        traderconfessions

        Not sure if this is true but… I was told that USPS is required to fully fund its pensions in contrast to any other organization… without that financial stress they would be profitable..

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  2. traderconfessions
    traderconfessions

    Just say your fuckin’ sorry for lecturing us how impressive Trump would be as president because he was a billionaire.

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    • ferd

      The conundrum is, if we get rid of Spanky, we’ll get someone who just may be looking forward to being Raptured.

      • 3
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    • juice

      and as suckass as Drumpf is, he is still thrice the Dictator that Hillary would have been.

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    • numbersgame

      Trump is exactly what his voters deserve: first screwing over the working class economically through sheer apathy, then ending the bull amrket and screwing over the 1% through sheer incompetance.

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    • Dr. Fly

      Why should I apologize for another person’s actions? You people need to un-fuck your minds and stop believing in people.

      I always wanted Trump for one reason and one reason only: to throw a giant grenade into DC. However, he’s proven to be a liability.

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      • traderconfessions
        traderconfessions

        Bullshit…. you lectured me on how brilliant Trump was because he was a billionaire and he would be a great president…

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      • numbersgame

        “Trump’s dynamism and ability to craft deals makes him the single best person to reignite the energetic experiment crafted upon these lands by our forefathers.”
        – The Fly, Nov 9, 2016

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      • frog

        This is an occupational hazard of people who work with wealthy clients. They spend so much time trying to pretend people are sane and normal– people who actually have a lot more money than sense– that these hedge fund guys start to believe what they’re pretending is true.

        Many wealthy people are smart and sane. But many others are far from it– especially if they inherited their money and/or they phoned it in while “working” for their rich parents’ business.

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  3. sarcrilege

    “…thousands of illegal migrants barreling towards America” – thank you comrade Soros for not limiting Richard Von Coudenhove Kalergi’s plan just to Europe but also putting it into action here too,
    https://tinyurl.com/z6f4dmy

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    • traderconfessions
      traderconfessions

      My god… just STFU … hope they all camp on your lawn and take shits in your doublewide.

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  4. numbersgame

    The Republicans openly endorse policies favoring the 1%. Anone trying to debate that is an idiot or compeltely oblivious of facts. The Democrats ALSO favor the rich, but less obviously so becuase their donors are alos mostly rich. Mainly they do that by silently not making a fuss, such as wehn the Republicnas crammed a tax break for the rich into the February budget extension. Or they avoid enacting Fiancial Reforms (2008) until after they lose Congress (2010) and don’t prosecute the wealthy excutives for their corporate misdeeds.

    Simirlalry, while the Democrats openly support imigrants of all favor, the Republcians ALSO favor immigrants, but not openly. Legal and illegal immigrants help keep wages down for capitalist. TThe Republcians’ rich donors receives nothign but benefits from immigrants, legal and illegal, while it is only their votign base that sees any downside from loose immigration polcies.

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    • Dr. Fly

      Pure indescribable gibberish. It’s like you made that up as you went along.

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    • clock

      ….and America is a business and right now our business is focused on other countries, because that’s where the money is.

      BINGO…it’s the m-o-n-e-y

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  5. numbersgame

    Remember how wuickly thr US Military took out Iraq’a and Afghanistan’s militaries? And how hard the dispersed insurgent groups have been for our miliray to handle?

    Similarly, the CBP’s dream is to have all illegal immigrants approach the border in large, easy-to-track crowds just like this one.

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  6. stockslueth

    Soon the Visigoths will be sacking Rome all over again. Empires don’t last forever.

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  7. kingcrypo

    Your mockery of the cryptogods will not go unpunished “Real” “Fly”

    We the army of hyperfuturistic and mega sophisticated coin investors will triumph and look down on you and your army of stockpeasants and glee. There will be a lot of glee.

    HAIL SATOSHI

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    • wolfdaddy

      I wouldn’t even call today a green day, more so consolidation before the next leg lower. But you degenerates come out talking trash. You will once again shut the fuck up before the week is over

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      • clock

        ….I wouldn’t even call today a green day, more so consolidation before the next leg lower…..

        Yep….consolidation. Most of stock mkt.
        overpriced…will be looking at DOW south
        of 17,000.

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  8. ericbakerbruce

    I’ve got nothing but green in my positions today. Go figure

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  9. TJWP

    Trump is doing the right thing. Amazon isn’t good for anyone except Amazon shareholders and certainly not good for Americans. Trump isn’t wrong and they don’t pay all shipping costs and they don’t pay taxes the same way all other retailers do.

    Maybe you shouldn’t be so angry with the Giant Orange Man and maybe more angry with the retard who decided to antagonize this man via his propaganda outlets to the point that his businesses are now being reviewed by the government he has previously been able to buy off?

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    • mx2101

      Isn’t Amazon making customers happy?

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      • Cricket

        Bezos depends upon government largess. Trump threatens his business model.

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      • TJWP

        If you think owning things is what makes you happy, you aren’t meant to be happy. Suffering is good for the soul.

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  10. numbersgame

    As if Tech MoMo Kings getting assasintaed wan’t enough, Wall Street is waging full war and going after the grown-ups, first Apple last Friday (vai Goldman Sachs) and now going after Intel:
    https://www.bloomberg.com/news/articles/2018-04-02/apple-plans-to-move-from-intel-to-own-mac-chips-from-2020

    How long before a hit-piece on MSFT?

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  11. Cricket

    “This is a wet dream for Trump, thousands of illegal migrants barreling towards America and the Mexican authorities do nothing?!”

    Who is behind this migration in Europe and now the US? It would not be happening if there were not money behind it. So who is supplying the money and why? Qui Bono?

    George Soros’ name keeps popping up – presumably due to his Open Society Foundation. But he is either the dumbest person on the planet or something else is going on. Nobody in their right mind could expect this migration to benefit open borders, no matter how the media propagandists try to spin it. Americans will be demanding that the President deploy the military at the border.

    Reportedly the enabler of this activity is an organization called Pueblo Sin Fronteras. I say that any organization that actively enables such illegal mass migration movements across borders is engaging in International Human Trafficking and should be subjected to Civil Asset Forfeiture and prosecution. Freeze and confiscate their assets and those who donate to them. If this includes such individuals as Soros, so be it.

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    • frog

      I’ll just pretend you are interested in the truth, rather than in Right Wing lies & propaganda here.

      This is a movement made of people who were forced to flee their countries of origin due to persecution and violence.Pueblo Sin Fronteras tries to make the passage safer and to stop violence during their journeys. It doesn’t collect people & talk them into migrating.

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      • Cricket

        Frog you’re back! Has the Hillary What Happened Book Tour ended?

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      • moonshot

        OMG those poor people! Maybe Mexico will give them a good home to escape persecution!

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