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Dr. Fly

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.

1776 WILL COMMENCE: ALEX JONES TO BE KICKED OFF YOUTUBE

Well, well, well, look what we have here? A harmless water filtration salesman just received his 3rd strike from Youtube and is reportedly going to have his account deleted, all 33,000 videos gone. Poof.

Who is helping Google find and kill right wing content providers? None other than the Southern Poverty Law Center.

We can splice this a thousand different ways. Some of you enjoy watching him because he’s the GI Joe of the internet — always on a crusade against the malevolent deep state kidnappers, while some of you truly hates his guts and hopes that he dies.

Dare I say, you invest too much emotion into idle commentary?

A few things are clear to me, which are unique as a publisher of written and video content.

“They” do not like social media because it empowers people to disseminate information they’d rather not be seen. It was much better for them when the main stream media controlled the narrative. For now, they are targeting right of center content under the guise of ‘hate it not welcomed here’ and the auspices of ‘hey this is a private company and we can do as we like.’

You and I both know the private company schtick is mumbo-jumbo. Facebook-Instagram, Twitter, and Youtube-Google have a monopoly on social and they all lean hard left.

Clearly there’s a double standard in the content that is being displayed; but quite frankly it’s a little sad that all the afflicted are able to do is complain and whine about being censored. They’re like a pathetic group of powerless, impoverished, malcontents, bitching about the unfairness of our soon to be utopian society.

In response to being told his Youtube channel of more than a billion views would be deleted (it’s quite funny if you think about it), Jones set up two more Youtube accounts.

1 and 2

This is wrong on a variety of levels. If you’re going to play in their system, you cannot complain. Someone with reach and scale like Jones is in a unique position to actually make a change in the video distribution world. Why not support a company like Bitchute and upload 100% of your vids there and say fuck Youtube? Sure, you’ll reach less people and take a monetary hit — but at some point the victims need to stop being victimized and take control of their content.

With all of this happening, two people come to mind who’ve been talking about this ‘weaponized anti-free speech.’

Bill Corgan from Smashing Pumpkins.

And Matt Drudge from the Drudge Report.

NOTE: Should Jones really get deleted today, that first video will disappear.

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TRUMP THREATENS TRADE WAR WITH EUROPE (Zero Fucks Edition)

In response to Trump’s executive order, slapping tariffs on steel, EU’s Juncker threatened to hit US brands with taxes in retaliations.

Hours after Trump said in a Twitter message that “trade wars are good, and easy to win,” European Commission President Jean-Claude Juncker said the bloc was prepared to respond forcefully by targeting imports of Harley-Davidson Inc. motorbikes, Levi Strauss & Co. jeans and bourbon whiskey from the U.S.

In response to all of the outrage and comments by the EU, Trump published the following tweets.

Trade war with Europe when? Aside from you panic fuckers, does anyone even give a shit about this? We are a self-sustaining nation and do not need the importation of foreign shit upon these shores. Let the trade wars begin. As traders, we will simply switch sides and become the orcs of Middle Earth and perpetuate the era of the short.

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Why Aren’t You Long Steel — Are You a Moron?

The President exercised his constitutional rights yesterday and declared foreign steel to be a grave threat upon this great nation. His executive order is binding. It will not be protested at the WTO. Across the internets, I read nothing but self-ass-raping diatribes, faggotry on an industrial scale. Chicken little fear mongering rooted in personal insecurities. Either these people were beaten up as kids, or they were too stupid to make up their own minds and have since been molded by idiots.

Here’s the price or hot rolled steel.

You know about the tariffs and the President’s desire to protect US industry and all you can think about is the price of a can of soup or the marginal increase of a shitty automobile? Please.

Your job is to make money. US Steel is +55% over the past 3 months.

The steel ETF, SLX, is higher by 16% over the past 3 months.

Here are the biggest winners.

“The Fly” is long CLF — because he’s a fan of coking coal — the shit used to create steel.

Word of advice, quit bitching about things you cannot control and get inside the molten steel furnace and enjoy the heat.

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Exodus Crushes Market — Successfully Picked Bottom With Systemwide Oversold Signal (Again)

This is the first systemwide oversold signal in more than a year. The last one was a few weeks ago — but that was on an intra-day basis and didn’t officially register.

As discussed with members of Exodus, at the open of trade today I booked my profits in SQQQ and DRV — then quickly turned around and bought SOXL at $156 and SPY at $266.

With ten minutes left to trade, SOXL is $169 and SPY is $269. That’s right, I bagged 8% so far in the SOXL trade and I did it while eating a revolting Kim-chi sandwich.

Exodus OS track record is all but flawless in this regard. The only reason why I am discussing it here is because the trade has already been so overtly positive. There is very little else that I can offer you — other than to show you my winship.

Behold and brace yourselves, for a superior being is about to reveal his hand.

Indeud (tips hat).

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Sold Hedges — Buying This Fucking Dip With Vigor

I laugh at trade wars. I spit on actual wars. I buy the fucking dips when faggots panic out of their shares due to political news flow. This is precisely why iBankCoin was built — to protect traders and investors from the limitations thrusted upon CNBC and Bloomberg by special interests. Their interests do not align with yours. Ergo, we buy the dips, mightily, because the Gods said so. Also, because it’s the right thing to do — standing up to defilers and their catamites, saying ‘we will not stand for this shit anymore you fucking faggots.’

I sold my SQQQ for a 2 point profit — DRV for a marginal gain, and stepped in with a full heart in SOXL.

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FAUX PANIC: Here’s a Quick Rundown Of Free Trade Shills Using CNBC to Shape Public Opinion

How many times do these people need to be proven wrong for CNBC to quit with the bullshit? Every fucking time there is something proposed that is remotely good for American industry, these fuckers fly out of the woodworks to declare it’s the worst thing ever and how market and the economy will collapse as a result.

Trump’s idea: protecting the US steel industry is of national security interest. Can anyone rebut that? Yes of course, let’s do a quick rundown on all of the free trade shills who’d love to see nothing more than US steel bankrupted and replaced by Chinese steel.

Here is the latest world ending economic crisis that must be avoided: protecting US steel.

Former Obama trade rep says tariffs will hurt allies more than China.

Here’s an economist who believes the tariffs are just stupid and corrupt. He says they aren’t a national security priority because they hurt Canada and S. Korea. In other words, US steel industry is secondary to the well being of Canada.

Here’s another one declaring the EU would be swift and decisive against these evil tariffs. Towards the latter part of the clip, he went off script and admitted the people in Europe hate the globalist fuckers and are sympathetic to Trump’s policies. He is on suicide alert now.

Here’s an EU-ASEAN business council shill telling the CNBC Europe cuck these evil tariffs might cause trade war to spiral out of control, making prices higher for folks like you and me.

Princeton’s Blinder says free trade is ‘for the greater good’. He also added some bullshit about American cars being shitty until we let Japan steal market share, which made American cars better. What?!

CATO Center shill says Trump isn’t rational. The steel industry is already doing great and is not a national security threat. “This is a day that will go down in infamy.” Yes, he fucking said it.

Larry Kudlow saying a $35-100 hike in auto prices will destroy industry.

Lastly, here’s the former CEO of Nucor saying Larry Kudlow has no idea what he’s talking about. China contributes way more than the reported 2.1% to the US steel market, through trans-imports. He says China is a trade cheater and is pleased with the message being sent here.

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Kudlow: Tariffs Are Prosperity Killers

Follow the logic here from globalist shill Larry Kudlow.

Tariffs are a tax.
Steel tariffs protect ~200,000 jobs, but affect over 6 million jobs who depend on steel inputs.
This is bad for automakers because it will increase price of car by $35-100.

Kudlow logic fails; Kudlow shrinks back into his CFR hole.

The amount of shilling and fear mongering over these tariffs is astounding. It’s almost as if these people were given marching orders from China.

Related: ZH is out with a piece trying to tie Bush’s steel tariffs with a 30% drop in the SPY.

That is the equivalent to blaming the SPY drop on me making a peanut butter and jelly sandwich served on disgusting rye bread. The markets were sick back then and I can tell you the steel tariffs had nothing to do with the market drop.

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Report: Cohn on the Brink of Leaving Trump Administration Over Steel Tariffs

It looks like another key member of Trump’s administration hates his guts and is ready to resign, this time the cuck from Goldman — Gary Cohn.

Apparently, Gary is quite upset over the steel tariffs Trump has proposed and would like all American steel workers to burn in hell, in favor of slave labor in China. The idea, tariffs will increase the price of steel which would make things more expensive for consumers here in the states.

Source: Politico

Gary Cohn, President Donald Trump’s top economic adviser, has been rumored to be on the brink of leaving the White House for months but stayed for one main reason: to stop the president from imposing steep tariffs.

In a meeting with steel industry executives, Trump announced plans for a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.

The decision came after a frantic 24 hours in which Cohn and others tried to talk Trump off the ledge. At one point, aides were sure Trump would make the announcement. Then they said he wouldn’t. Finally, sitting alongside steel executives, he did.

One person close to Cohn, a former Goldman Sachs executive, said he wouldn’t be surprised if he eventually left the chaotic and deeply exhausting administration as a result of the decision. A second person close to Cohn described it as a brutal blow that violated one of the NEC director’s core beliefs—that protectionism is economically backward and won’t lead to increased prosperity.

“It’s just something he feels very passionate about and he is incredibly good at making the case,” this person said, adding that it still isn’t clear if Trump’s decision would be enough to drive out Cohn.

Larry Kudlow, an outside Trump adviser often mentioned as a potential successor as NEC director, said he would not be surprised if Cohn felt burned by the steel decision. And he sharply criticized the president for Thursday’s announcement.

“All that will happen with steel tariffs is you will raise prices for all import users and that includes businesses and of course consumers,” Kudlow said. “You will wind up hurting millions of people to help 140,000 people in the steel industry. You will be hurting car buyers. Is that really what you want to do?”

There’s no way to know who’s shilling anymore. I tend to believe they’re all playing a game of musical chairs and the American people are the one’s who always end up without a chair. Should Cohn leave, markets will get fucking rocked.

In related news, Trump says trade wars are good and easy to win.

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Market Set to Collapse on Trade War Worries

You listen here good and earnestly.

When I got up this morning and found futures down more than 200, it gave me an extra spring in my step. Immediately, I ran downstairs like a lunatic and tossed on a pot of water on the stove. Then I whipped out a jar of Korean Kim-chi and ate some with bread. You might think that is absolutely disgusting, eating fermented cabbage in the morning. What sort of breath should one expect to have after eating such disgusting fare?

Shut the fuck up.

I’m from middle earth now and I am here because The Era of the Short has begun. Get used to eating horrible foods — merely sustaining off fermented cabbage and maybe dry nuts and a hard sausage. These are hard times now, ya here? Don’t tell me about your cryptos — because they’re dead. Don’t tell me about your tech portfolio — because that’s gonna die soon.

Trump’s plan to slap China in the face with his cock has backfired. The world order is upset and will now press the orange one’s fat head into a panini press — plunging his market lower.

Both Canada and the EU threatened to counter-punch Trump in his head, due to the proposed levies.

“We will not sit idly while our industry is hit with unfair measures that put thousands of European jobs at risk,” Juncker said in a statement.

He also said that in the coming days the European Commission will propose “countermeasures against the U.S. to rebalance the situation.”

This is causing people to freak out — especially since it’s Friday and all — forcing futures sharply lower.

The dollar is lower by 0.4% v the euro and gold is +1.3%.

Happy Friday.

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Cryptos Run Higher — Let’s Be Honest It’s Dead, Dead, Dead

Crypto market cap is $462 billion and the SEC is dipping their long fucking beaks into the ICO world. Something tells me they will not like what the find.

Via Tech Crunch:

Citing sources, the Wall Street Journal is reporting that the commission has “issued dozens of subpoenas and information requests” to tech companies that have held token sales and a number of advisors associated with them.

More specifically, it appears that the SEC is requesting details of sale structures and the pre-sale elements to them, which often include deep discounts for those investing large sums or committing to an ICO early on.

More than $6 billion was raised via ICOs, which are also known as token sales, in 2017, and a further $1 billion has been added to that tally in 2018 to date.

Bitcoin and crypto have traditionally been backed by libertarians, but there’s plenty of sensible arguments as to why regulating the space would be beneficial to all. Beyond helping those who invest, mechanisms to prevent scams or pyramid schemes such as BitConnect could lend credibility to token sale projects. Currently, the space is a wild west that allows anyone to raise money against a proposed project simply by publishing a whitepaper on the internet.

Meanwhile, Bitcoin is above $11,000 — but no one really gives a shit. Am I right? Of course I am. “The Fly” is the pulse of the market; he knows all — both omnipresent and black hearted malevolent evil. I stopped trading my shitcoins after they stopped heading higher. Now I’m just HODLing like an avocado toast eating faggot. By the way, I do enjoy an avocado toast, especially with a little lemon and a few sprigs of arugula.

The point is, the crypto world is fucking dead. All of you retards who left real jobs to pursue some digital money fantasy have been inexorably beat the fuck out. You might as well kill yourselves now and get it over with.

As for me, I have a Reisling on ice, a few dozen clams steaming in sherry, and some fish on the frying pan.

FUCK OFF.

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