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
20,422 Blog Posts

How Much Money Are These Riots Costing America?

You can’t put a price tag on human rights — but that’s exactly what I want to do. FUCK OFF — this is a stock trading blog. Take your riots and have fun with them. I endeavor, all of us endeavor, to profit from that brick left on the side of the road into and out from the window.

The LA riots cost an estimated $1.2b. That was mostly isolated in one city. This fucking riot is contagious — displaying its angry face in all major cities in America — more or less upwards of 400. Taking into account these fucking looters stole and broke and burned just about everything in their path, I am obliged to presume damages are in the $500b range.

You have to estimate inventory loss, materials, labor, and all of the downtime. Business will never be able to open, as long as there are rallies every day — for fear of that little communist group lighting it on fire in the name of ANTIFA.

As markets rage towards new highs and we watch the country literally burn, I am reminded that this behavioral study we’re partaking is tricky — always throwing curveballs — changing the rules of the game as we go. In trading, at least from my vantage point, the only rule is there are no rules — believe nothing and assume everything.

Enjoy your weekend riots.

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40 comments

  1. soupbone

    It is extremely complicated situation. Revenge for the virus lockdown is not a minor factor. We all have that. Then throw in some professional disorder makers and some media hype, add a bunch of real racist people many of whom can’t identify that they are racist or recognize the behaviour in themselves or others. Then into the brew goes a bunch of people who are socially out of line behaviour-wise and should be dealth with harshly. Icing on the cake and chief shit disturber: ______ _____.

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    • roguewave

      soup

      good post.
      lockdown + professionals + rubes

      https://www.youtube.com/watch?v=sRXdfMG4izs

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    • stephaniefenner
      stephaniefenner

      I am making over $9k a month working part time. I stored being attentive to different human beings inform me how much money they are able to make on line so I decided to lok into it. well, it turned into all actual and has completely modified my life. that is what I do…………………Read More   

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  2. bambam

    Been trying desperately to hack the IBC Merch store. Virtual looting is by far easier and I can work from home. Can you unlock a door for me please?

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  3. tjnyt

    Protest can end tomorrow if democrat can place Michelle Obama on the ticket. Six months ago most of my black patients were comfortable with J.B. right now nothing less will do.
    Even weeks before the murder of George Floyd, black people were riled up by seeing DJT’s face, daily on the tv directing pandemic.

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  4. Mr. Cain Thaler
    Mr. Cain Thaler

    I don’t think it will be anywhere near that bad. Half these places don’t even have a billion to burn if you wanted to, and the damages are likely to follow a power law.

    Maybe California or New York sets a new record for depravity at let’s say $2-3B in damages and then every other city in America scales exponentially lower from there.

    Less than or equal to $10B with 50/50 odds and high confidence we don’t breach $20B. A surprise to the high side for me would be like $50B with very low chance of happening.

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  5. spaceman

    ANTIFA is an international gunrunning operation.

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  6. narwhal

    All 221 different models of AR15 rifles are sold out on one of the most popular online dealer’s website. People are getting gunned up son. It’s time for Game of Thrones. You like it in the sheets, how about in the streets.

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    • heckler

      I don’t understand why people don’t prefer shotguns?

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      • s.k.

        Because as evidence by the commentary on this site, people are by and large fucking retards.

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        • purdy

          What kind of miserable creature stops by to say such things?

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          • s.k.

            Just an observation ferd. Unlike your anti-Semitic rants, I do not attach emotion to every little comment that’s made.

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          • purdy

            I’ve NEVER said, wrote, or thought an anti-Semitic thing in my life. And those like you who have been conned into feeling they’re helping Jews by keeping a lid on speech re Israeli behavior and influence are doing great long-term harm.

            Learn the history of such things you fool.

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        • narcist

          Most are “fucking retards” but it is rather obvious that a few QAnon-ish “Birchers” (the original term) frequent this site.

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          • narcist

            I’m not saying a Bircher can’t be a retard but the original Birchers had a clear agenda–with the first and foremost imperative being the impeachment of the liberal SCOTUS justices who desegregated the public schools.

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      • moosh

        Pure fear bro. The 24/7 news channels are now happy as clams that people were and are forced to not continue their everyday lives but instead, if they turn on the teevee, indulge on everything they put out now.

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      • fxtradepro

        I own several guns…in a home invasion scenario I’m going for the tactical shotgun that holds 6 rounds 10/10 times. All that you have to do is cock it, and that’s enough to send the assailant running.

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        • moosh

          That’s nice (I guess) in your scenario, but what if it’s a mob of more than a couple of people? If it is one person, is intruder coming back with more people later knowing that you have gun (s) which are very helpful to be more effective intruders to the next home?

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          • fxtradepro

            Believe this, unless its personal, nobody’s going to fuck with your house twice if they know you’re armed.

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        Because shotguns by and large have extra kick without commensurate increase in stopping power, smaller magazine sizes, a wider spread which increases chances of unintended damage and a range limit of a hundred yards or so.

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      • narwhal

        I’m sure most people with AR’s have shotguns as well.
        Any type of gun is better than no gun.
        Home invader? Probably shotgun or pistol. People lean towards AR style rifles when they think about fending off a large number of attackers. You’re not worried about over penetration of bedroom walls when your dealing with a flash mob outside, setting the town on fire. You want high capacity and accuracy at a distance.

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  7. purdy

    You may a bit high re the direct costs. But what will be the indirect costs? How much business investment will exit troubled zip codes ..or exit the country all together. Will the next Elon Musk still see the US as the place to go in light of our national retardation?

    And separately, all this is happening while we are still able to print and get stuff in return. What happens when taxpayers have to pay for giveaways? Will the bankers and buyback BOD guys control their greed and give up some of their share to feed the masses …or will they and their wealth move to Costa Rica, New Zeland, etc.?

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  8. fxtradepro

    “how much money are these riots costing america” – who cares. Money has no value any longer, and moral hazard ceases to exist inside the matrix.

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  9. Mr. Cain Thaler
    Mr. Cain Thaler

    Saw your Portland riot vids, Fly. Thought you’d be amused to know I have a college friend who was living in Portland and he and his wife decided to move that first weekend.

    I don’t mean they left Portland to come back later. I mean they packed up everything in a rented truck and committed to drive until they found a house in another city to rent however long that may take.

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  10. johnsmithkw

    Rumsfeld: Looting is transition to freedom. “U.S. forces should not be blamed for the lawlessness and looting in Baghdad as it is a natural consequence of the transition from a dictatorship to a free country.” – Donald Rumsfeld, 2003

    There should be tanks in the streets of US cities.

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  11. awanka

    Excluding Minneapolis I would guess a couple billion. Increased security and curfews also have a cost, although a lot of that is already sunk because of the lockdowns. It’s just a rounding error for the FED though. I don’t think it will have an effect on the markets. I expect another rally from “easing tensions among protests.”

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  12. The Next New Cat Thing
    The Next New Cat Thing

    Long term costs to tourism and urban population growth, brain drain.
    NYC likely in a multi year decline, CA the best and brightest will bleed away.

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  13. roguewave

    The headlines are exciting but,

    What did (is) the lockdown cost(ing)???

    Riot costs are immaterial from a purely financial perspective compared to the lockdown.

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  14. purdy

    CNN’s State of the Union had Colin Powell on today. This is the guy who KNOWINGLY sold the lies that brought the world the disastrous war in Iraq …killing and maiming a million people …earning us the hatred of billions. He criticized Trump (correctly IMO) for wrecking our relationships around the world, but could there be a worse messenger? Some people don’t know when to shut up and quietly retire.

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    • narcist

      He is taking the last few (hundreds of, if you want to be precise) “moderate Republicans” with him to vote against Trump.

      I don’t fault him for (finally) trying to do the “right thing” towards the end of his life–after having been enabling the Klansmen for decades.

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  15. trumpmeister

    Real estate in Seattle and Portland will be cheaper in the next 3-4 years. It will be an excellent opportunity to go long.

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    • tjnyt

      How about SF, i made enough for a downpayment last month.

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  16. narcist

    The two options are:

    1. The status quo (with the riots and all)
    2. Reparations

    Option 1 will always be the preferred choice because there will never be a black majority in America.

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  17. tjnyt

    Who is a Nigger? A dark hue person or a state of mind? My youngest brother was as dark-colored a kid as could be. People back in the old country are quite sensitive about their complexion. We use to tease him, calling him something akin to nigger/black in our native tongue. That did not keep him back, my parents had only 8th-grade education. He graduated from NJIT and works in IT and lives in a McMansion in San Ramon CA. His wife is from the same ethnic background, has an undergrad deg from a community college in LA. She is a marketing executive in an IT firm and travels the world while also taking care of 4 daughters. Together they are good for half a mi$. She is of brown complexion and their daughters could be mistaken for African Americans, growing under California sun. But as for their oulook, it’s worlds appart.

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