iBankCoin
Home / Dr. Fly (page 830)

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.

Tucker Carlson Prosecutes the Editor in Chief of Buzzfeed and Finds Him to Be Racist

Ben Smith, Editor in Chief of Buzzfeed, thought he was going onto the Carlson show to discuss his ridiculous dossier story of Russian hookers urinating onto the face of Donald Trump. Instead, Tucker pivoted from that narrative and masterly prosecuted a case to prove, in fact, that Buzzfeed is a racist organization — at times falling back on comedic license to discriminate against people without color. On most occasions, as in the case of discriminatory hiring policies, they’re outright racist.

By the end of the interview, Ben Smith admitted that he didn’t think hiring people, based solely on the color of their skin, was racist.

Honestly, everyone knows Buzzfeed is a biased organization. We aren’t breaking any ground here or enlightening the public to grave sins by an organization that is supposed to be impartial. But it’s interesting to see them squirm, pretending to be non-biased, only to look foolish again and again and again. It doesn’t get old, truly.

Comments »

TRUMP THREATENS TO CANCEL NAFTA MEETING WITH MEXICO IF IT DOESN’T PAY FOR THE WALL

Glorious winship on an industrial scale. All of the trimmings of fat are being cut from the American body, leaving nothing but lean muscle.

Just a few minutes ago, Trump upped the rhetoric on the Mexican issue, referencing how one sided NAFTA has been and threatened to cancel the upcoming meeting if they weren’t willing to pay for the border wall that is so desperately needed.

IMG_6239

Perhaps this is in reaction to former Mexican President, Vincente Fox’s curse laden comments yesterday — insisting that his country wouldn’t pay for that ‘fucking wall.’

Comments »

$CAT Reports Milquetoast Quarter; Sales Dropped Everywhere But China

I know no one care about $CAT. It’s one giant nothing burger. But for those of you interested in knowing the condition of the global economy, just know that is somewhat milquetoast, according to CAT.

The commodity price improvement occurred too late in Q4 to have any material impact on earnings. Sales declined in all regions of the world, sans Asia.

Here’s the breakdown by region.

Middle East/Africa -30%
N. Africa -15%
Latin America -16%
Asia +10%

They attribute gains in Asia to infrastructure and residential projects in China. Perhaps Beijing is busy building more ghost cities?

In light of the recent commodity rally, the company is optimistic for 2017. They’re hoping the mining industry has bottomed.

They’re seeing strong construction numbers out of China and believe Europe has stabilized. Their Brazilian business is down a staggering 80% from the peak. They’re hoping for a bounce there as well.

They did note one particular concern in North America, in regards to used construction equipment interfering with their sales channels. Apparently, the junkyard operators are making a killing selling old, refurbished, construction vehicles, which is fucking up their models.

Perhaps $CAT can find a way to kill these people?

All in all, this was a decent report.

Comments »

Shia Lebeouf Memed Into Jail After Assaulting Man

Shia has to be the dumbest shill on the face of the earth. He set up this moronic livestream cam in Queens, which is supposed to run 24hrs per day, for the entirety of Trump’s term — with him and his cult followers chanting ‘He will not divide us’ — because those 5 words were going to insulate him from all of the great evils HitlerTrump would impose upon him.

Meanwhile, the crazies from the 4chan forum have been obsessing over this project of his, hoping to somehow meme Shia into a cold prison cell and have his stupid project terminated.

Phase 1 has been successfully completed tonight, as the NYPD arrested Shia, and summarily ‘divided’ him from his drug addled friends, all live for the public to bear witness.

Observe.

Apparently, his arrest stemmed from the following incident, which was also caught on tape.

Sadly, Shia has been divided and now joins new friends in jail.

UPDATE: Shia wasn’t arrested for the above assault, but another one, according to an eyewitness.
IMG_6237

Comments »

Meanwhile, China’s Latest Fraud ‘Forged Seals’ Wreaks Havoc and Shuts Down Bond Market

As the lot of you burgers have been busy jerking each other off — protesting Donald Trump or conservatarding the crowd size of the inauguration, the Chinese bond market has fucking imploded. The rout is of the record varietal, into the trillions — after comical levels of fraud were revealed.

The latest craze in Chinese fraud is ‘forged seals’, which is essentially total lies and theft. Amusingly, the Chinese government have enacted bailouts and honored some of these make believe bonds. The result of this new and rare form of fuckery is a complete shutdown of debt issuance.

China2

China

This is funny like a hole in the head is funny, considering China is a powder keg that will one day explode and drag the world into a depression so severe, you’ll be begging to be drafted into the army for war.

In summary, China is 250% leveraged debt to GDP, fraud is running wild, losses are extreme, and SHIBOR through the roof. What can go wrong?
SHIBOR

Comments »

Trump Redpills ABC’s David Muir: “The World is as Angry as it Gets”

In an interview with ABC’s David Muir, Trump addressed his policy to restrict immigration from certain muslim nations, with a God hammer filled with redpills. Muir brought his bag filled with liberal care trolls, asking Trump if restricting muslims from entering the United States would cause ‘more anger among muslims around the world’ and Trump took said bag and ripped it to shreds.

Watch.

Aside from that, Trump discussed Obamacare, waterboarding, Chicago, the inauguration crowd size, voter fraud, the border wall, and the fucking nuclear codes.

The wall: Mexico will pay for the wall, 100%.

Obamacare: My plan will take care of everybody. ‘Obamacare is a disaster.’

Trump on waterboarding: We’re not fighting on an even playing field. Waterboarding works.

Chicago murder rate: This is worst than Afghanistan. Chicago is a warzone. Maybe it’s ok if someone else is President. Not on my watch.

Voter fraud: We’re gonna launch an investigation. None of the illegal votes go to republicans. Wanton democrat chicanery.

Inaugural crowd size: We had the biggest audience in the history of inagugural speeches. I won’t let the media demean me or the people who came.

Nuclear codes: Sobering and scary.

Comments »

‘Terrified’ CTO of Uber, Thuan Pham, Compares Trump to Tragedies in Darfur, Does Not Accept Him as His Leader

If I had to craft a satirical letter about a butthurt mega rich silicon valley executive complaining over the Trump victory, I could not have done a better job than the real letter the CTO from Uber, Thuan Pham, sent to his fellow employees.

In what could only be described as a rift at Uber, in light of their CEO, Travis Kalanick,  agreeing to join Trump’s select group of business advisers, Mr. Pham has made it clear that he does not agree with his CEO, and he most certainly does not accept America’s democratically elected leader, Donald J. Trump.

Here is the email Pham sent out to his employees, which is now spreading across the internet like an infectious form of cancer.

Likewise, I could hardly sleep at night. I am still shocked and numbed from the absolutely illogical outcomes of this election. When the election outcome certifies the dumbing down of America, the racist, divisive and hateful attitudes, the politics of obstruction and destruction, our country has taken a huge step backward that might take decades to course correct (especially when it comes to the make up of the Supreme Court justices and the issues that will come before them).

It is absolutely illogical and insane to believe that we can solve the hardest diplomatic, policy, and societal problems by putting in charge a person who doesn’t know much about any such thing. How can we sleep peaceful at night for the next 4 years knowing that the biggest societal problems rests on his lack of intellectual curiosity, judgment and temperament? It is indeed terrifying! This is an emperor with no clothe [sic], and things will get very ugly before his reign is over.

We can weep at this momentary loss, but we cannot allow ourselves to wallow in misery for long. We need to call up our inner resolve to get back up and keep fighting for a better world. The fight will be hard and long, but we just have to do it. In two years, all the people who were conned into voting for this person will see the harm he will have done and there will be an opening to move the Senate toward the blue side to check his power. And then we’ll have to work hard to make sure the next president in 4 years will be a Democrat and wins in a landslide.

Unless this ignoramus triggers a nuclear holocaust that wipes out civilization as we know it, the long arc of history will continue to bend toward more social justice and equality and a better lives [sic] for people around the world. We are already living in a far more tolerant and inclusive world today than 50 years ago, than 100 years ago, etc… And the quality of life and comfort for an average person today already far exceeds the Kings and Queens just a few centuries ago (we have telephone, electricity, modern medicines, car & plane transportation, etc.). But we all need to keep charging forward to create and fight for the future that we want, technologically and socially.

Occasionally, the world takes a step backward with such things as world wars, Mao Tse-dong, Khmer Rouge, Darfur, W. Bush and his wars, etc., and now this. But I am optimistic that the world will correct itself, even if [sic] takes another catastrophe for American [sic] to usher in the next Obama as our president. In the mean time, for the next four years, I will not even utter the name of this deplorable person because I do not accept him as my leader. I will instead do everything I can to help defeat him and his destructive agenda over the next few years.

Time to put on our Champion’s Mindset and pick ourselves off the floor. There is much work that we can do to help make this world a better place, through what we do here at work and in our society.

/Thuan

In case you’re wondering, yes Thuan Pham did just compare the deaths of over 500,000 people in Darfur to the most heinous event of Donald Trump being democratically elected President of the United States. Or, even better, Pham, in his infinite wisdom, put Mao Tse-dong, a man responsible for the deaths of at least 45 million people during the Chinese civil war, on the same playing field as both George W. Bush and Donald Trump — whose only crime, hitherto, was getting elected President of the United States with the promise to make America great again.

You cannot make this stuff up.

During the last UberExchange program, Pham offered this advice to aspiring entrepreneurs.

 

  1. Money will come when you do something that impacts a lot of people. If you chase only money, you will be really unhappy.
  2. Building something that can impact and change people’s lives across the world will always keep you motivated.
  3. Don’t take yourself too seriously and you will not hesitate to take bold risks in life. Have fun along the way.
  4. Give back. Developing people will really make you satisfied at the end of it. Developing young ones in your teams who can lead and impact hundreds of lives – even after you’re gone – will leave you satisfied.

Great advice, especially #3.

 

Comments »

Americanism Over Globalism: Trump Set to Decimate UN, Defunding it By 40%

With all of the fake news being published by the NY Times these days, I’m unsure as to whether this is a valid report or not. According to Max Fisher at the NYT, Trump is planning to de-shill from the UN — defunding anything that is even remotely associated with terrorist organizations or programs supportive to the Palestinian authority. Couple this with that fact that he wants to move the US embassy in Israel to Jerusalem, and one could see, as clear as day, that he isn’t going to be conciliatory or helpful to the PLO cause — unlike his predecessor who gave them upwards of $200 million before he left office.

It’s worth noting, the wording of this report suggests that Trump may be targeting Iran next and the deal that Obama struck with them might be in jeopardy.

If true, Trump will defund international organizations to the tune of a staggering 40%.

This is the clearest signal yet that Trump is serious about removing America from under the clutches of the globalist scum. Again, according to the NYT, he’s going to form committees that will examine ‘peacekeeping operations; the International Criminal Court; development aid to countries that “oppose important United States policies”; and the United Nations Population Fund.’

The Trump administration is preparing executive orders that would clear the way to drastically reduce the United States’ role in the United Nations and other international organizations, as well as begin a process to review and potentially abrogate certain forms of multilateral treaties, officials said.

The first of the two draft orders, titled “Auditing and Reducing U.S. Funding of International Organizations” and obtained by The New York Times, calls for terminating funding for any United Nations agency or other international body that meets any one of several criteria.

Those criteria include organizations that give full membership to the Palestinian Authority or Palestine Liberation Organization, or support programs that fund abortion or any activity that circumvents sanctions against Iran or North Korea. The draft order also calls for terminating funding for any organization that “is controlled or substantially influenced by any state that sponsors terrorism” or is blamed for the persecution of marginalized groups or any other systematic violation of human rights.

The order calls for then enacting “at least a 40 percent overall decrease” in remaining United States funding toward international organizations.

A defunding of this magnitude will obliterate the UN and almost certainly lead to its demise. Those fuckers have had it too good for too long. The days of pavement apes, telling us what we should or should not do, are coming to an end — hopefully.

Aside from the money, Trump is also looking into treaties and wants out of anything not in the best interest of the United States. Say goodbye to the New World Order, fuckers.

The second executive order, “Moratorium on New Multilateral Treaties,” calls for a review of all current and pending treaties with more than one other nation. It asks for recommendations on which negotiations or treaties the United States should leave.

The order says this review applies only to multilateral treaties that are not “directly related to national security, extradition or international trade,” but it is unclear what falls outside these restrictions.

 

The United States is responsible for about 25% of the money needed to fund various ‘peacekeeping’ missions throughout the world.

Comments »

Kyle Bass Says Chinese Growth is a Fallacy: Trump’s Policies on Trade Will Make Them Burn

Hedge fund heavyweight, Kyle Bass, has been calling for an economic meltdown in Asia for several years and now believes Trump is just the accelerant needed to make China burn.

Amongst other things, he believes inflation will spike, causing the Germans to freak out and the ECB to taper. All the while, hard nosed policies by Trump, on China, will cause the smoldering fire that is China to burn, very heavily, bringing forth its utter and complete decimation.

All in all, Bass believes Trump’s policies will be a positive for America — but a net negative for the rest of th world. As for China: fucking doomed.

The great economic boom in China is an illusion.

Source: Bloomberg

China has “recklessly built a system that’s going to need to restructure and that just so happens to be metastasizing right when Trump becomes elected,” Bass told Bloomberg Television’s Erik Schatzker on Wednesday. “This is a fire that’s been smoldering and it’s now starting to burn, and Trump is just more gasoline.”

Imposing tariffs on Chinese imports could have “profound consequences” for the nation’s economy, where credit over the last 18 months has grown by $6.5 trillion while deposits expanded just $3 trillion, said Bass, 47, the founder of Dallas-based Hayman Capital Management. Early last year, Bass called for a 30 percent devaluation in the yuan against the dollar, and he’s since opened two Asia-focused funds to wager on the imbalances in the region, which he said could extend to Hong Kong and Taiwan.

“The idea that China is now the driving economic power in the world, I think, is illusory or somewhat of a fallacy,” he said. “It’s safe to say that the Asian theater is where we’ve been focused.”

In the U.S., Bass said, border tax adjustments will help finance a lower corporate tax rate that Trump has proposed, which in combination with the repatriation of capital offshore will be “extremely stimulative.” He said Trump’s accelerated policies would lead to real capital investment, competitiveness and an improvement in productivity.

The impact will be “positive for the United States and slightly negative for the rest of the world,” he said. “But it’s not the globalist nightmare, in my opinion.”

Comments »

Heavy Construction, Engineering Stocks Lead the Way in Celebration of the Prospective Southern Border Wall

Before I get into stocks, here’s a question for you. Let’s say we build a border wall and spend $10b doing it. Would it be plausible for the next President, possibly a democrat, to the tear it down as one of his campaign pledges? I can totally see demotards rallying behind something as studpid as that.

After all, the wall would be keeping illegals out. If we tore the fucker down it would only guarantee illegal entry into this country.

On the news that Trump is going to start building the wall, construction and engineering stocks are lifting off. There are the obvious winners, like steel, Zinc, and $CAT; but, rest assured, there will be many other winners, plenty that aren’t being priced in yet.

Why don’t you manlets prove your worth here every once in awhile and offer some sound feedback on the stocks I’m about to feature below.
IMG_6226

IMG_6227

IMG_6228

I know most of you fuckers just want to lazily look at charts and play Marvin the Mind Reader, pretending that you have some special intuitive gift. The moment you accept that you’re not special and need to work hard in order to succeed is when you’ll find your path to success.

Comments »