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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.

Co-Founder of Silver Lake Partners, Glenn Hutchins, Conspired with Podesta to Ambush Trump on CNBC, Later Bashed Globalization in Separate Email

Glenn Hutchins, globalist whore, former economic advisor to Bill Clinton, member of the Council of Foreign relations, aside from co-founding the gigantic $26b private equity firm, Silver Lake Partners — is a plotting bitch and the Wikileaks emails have proved it.

First, he schemed with Podesta to ambush Trump in a CNBC forum about the economy

“I am going on CNBC between 8 and 9 AM on Monday morning and expect, among other topics, to be asked about HRC. My plan is to contrast the Rs whining after the CNBC debate with her masterful performance before the Benghazi panel and pose the question of who looks presidential,” Hutchins wrote to Tanden and Podesta. “As I prepare, any input from you two would be welcome.”

“I think you may get asked about the debate and Paris. I will send you ideas post debate,” Tanden said.

“Turns out now that Trump is calling in between 8 and 8:10. So I am going on at 7:45 in order to be in place for to call,” Hutchins replied. “I am trying to craft one question to ask him in case I get a chance. Any thoughts?”

Podesta suggested ambushing Trump with a question about minimum wage.

“Maybe given his wages are too high which he has walked back to only being about the minimum wage: ask him [s]ince so much low wage work is concentrated in the service sector from fast food workers to housekeepers, why would raising the minimum wage affect US competitiveness?” Podesta wrote.

“Neera: can someone please send me what Trump has said about the minimum wage?” Hutchins wrote back.

Hutchins later sent Tanden and Podesta his question: “You have said that raising the minimum wage would make America uncompetitive. But virtually all minimum wage jobs [see graphic below which I will send to CNBC in advance] are in services industries that don’t export like your hotels and resorts. How do you explain that?”

Podesta replied he liked it.

Indeed, Hutchins did ask his Clinton campaign-approved question on Monday, November 16, 2015 during a lengthy phone interview Trump conducted with CNBC.

“Hello, Donald, we’re going to be talking about the U.S. economy and economic policy later in the show today,” Hutchins began, reciting the question almost word-for-word. “You said that raising the minimum wage would make the U.S. uncompetitive. But almost all minimum wage jobs are in services industries that don’t export like your hotels and resorts. How do you explain that?”

Trump replied in part that U.S. wages were “uncompetitive,” adding that “we have to keep our wages down or I feel strongly we would be more and more non-competitive.”

source: Wikileaks

To make matters exponentially worse, this little shit had a candid discussion about the deleterious effects that globalism was inflicting on the U.S. economy. After describing his views on the economy, Podesta asked for him to dumb it down so his retard level IQ could understand. Glenn did exactly that.

you have (characteristically) gone right to the heart of the most difficult problem. In response to your specific question, over that last 15 years, the capacity of labor to demand a greater share of profits from productivity gains have been overwhelmed by several factors: 1) globalized wage competition as incomes have slowly equilibrated around the world, 2) the increasing portion of our economy that is generated by service work (as opposed to good production) that is less susceptible to productivity improvement, 3) the use of technology to generate productivity gains (so that the benefits accrue to capital rather than labor), 4) the overhang on the labor market and wages from discouraged workers who dropped out and the long-term unemployed, 5) the replacement of lost middle wage jobs with lower wage jobs, and 6) more recently, the change in the nature of work itself which is now more part-time, project (or “gig”) oriented and based on an independent contractor model.

>> >> All of this had led to both stagnant wages and rising income insecurity – both of which are far more relevant than income inequality. I think some smart candidate for public office is going to figure this out and start talking about the modern economy in a way that resonates with workers’ actual experience.

>> >> The public policy response can be a re-tooling of the policies that touch on work – unemployment insurance, OSHA, worker’s compensation, retirement savings etc – in a way that is relevant to the modern economy, refocusses the debate in an innovative way and proves that the candidate(s) understand the world in which the voters live.

> >> >> >> Glenn Hutchins

Neera Tanden from American Progress loved his analysis, explaining the mysterious and alarming drop in productivity.

This is phenomenal. I have seen the discussion of declining productivity — one question I have is why is it rational for workers to be more and more productive if they don’t see gains from productivity in their paychecks? From an economically rationalist perspective, stagnant wages should inexorably lead to declined productivity, no? Is there an alternative view of why there’s a decline in productivity? Our econ team said productivity increased 30% btwn 2000 and 2013, with no corresponding increase in wages. 30% for that time period is not great, but it’s also not an historic low.

>> > >> > Would love to understand why people would expect increasing productivity in the world we live in.

Bing-fucking-OH. These people get it in private. They know precisely what needs to be done and it all meshes very well with Trump’s policies. But they’re shills first, Americans second, so we get shafted.

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Pay to Play: Louis Susman Donates $50k to Obama and Then Becomes Ambassador to Great Britain

I’m sure it’s all a coincidence. One year after donating a cool $50k to Obama, Louis Susman was granted the highly prestigious ambassadorship to Great Britain.

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A little background on Mr. Susman. He was the managing director and vice chairman of Citigroup Corporate and Investment Banking — a company who benefitted greatly during the financial crisis with very rich and generous bailouts.

It’s also worth noting that another Citi executive played an integral part in forming Obama’s racist cabinet.

One must pay if they want to play.

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ATTENTION: “The Fly’s” FIST OF DEATH Will Be Unveiled Tomorrow

It has been a very busy week of revealing horribly bad and onerous news for the DNC. The site has been focused on a lot of news and politics lately, but hopefully we can get back to business after the elections.

Meanwhile, I’m ready to unveil 5 short sales, heading into Krampus season. These aren’t static thesis trades, but intended to be malleable and changeable if facts on the ground change.

There are five pillars that run the global economy. I intend to being all of them to their knees.

Picks will be released on Exodus tomorrow and then here on iBC next week.

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In Private Emails Attained by Wikileaks, Brazile Denigrates Obama’s Dreadful Economy

The myth of the American economy being an ideal utopia for all — just because government statistics and the stock market said so, is readily debunked on the blog and others.

But now, thanks to our good friends in the Kremlin, by way of Wikileaks, we get the unvarnished truth by the head of the DNC, Donna Brazile, via one of her very private emails.

“I think people are more in despair about how things are – yes new jobs but they are low wage jobs… HOUSING is a huge issue. Most people pay half of what they make to rent,”

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Her position in public? Inexorably, a much different tone.

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Shares of $TWLO Drop Like a Stone, After Pricing Secondary Deep in the Hole

It’s because of this man, Frederick Wilson, vulture capitalist, Union Square Ventures.

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Fred lives an extraordinary life in Brooklyn,Ny — all middle aged hipster and shit, trying to save the galaxy from our carbon emissions. When he’s not eating quinoa salad, he’s ripping off people in the public markets by dumping piece of shit, highly overpriced, companies onto the markets.

Charts don’t apply to any of Fred’s companies. These companies were rigged in the private markets by a cabal of VC’s who created a valuation pyramid scheme. Union Square, if you recall, was behind the Twitter, the Etsy, the Zynga and the and let’s not forget the scam Lending Club — just to name a few.

Every single one of Uncle Fred’s stocks have imploded in a manner of biblical proportions since coming public. Why should TWLO be different? Oh, that’s right, Jim Cramer likes it.

TWLO is dropping like a stone after announcing a secondary offering of 7 million shares at $40, an in the hole offering. Why so deep in the hole? Because the fucking VC pricks own it from $2 and they’re selling 6.36m of the 7m shares.

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That’s why TWLO is dropping.

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Gentlemen, Get Ready for War, a Cyberwar: The Russians Did It

So Hillary Clinton’s crime machine was being exposed on a daily basis by Wikileaks, an organization they couldn’t control. They said they made Ecuador take away his internet access. The truth is, they might’ve already killed him or taken him to a black site. But the leaks didn’t stop and the Russians were, obviously, hack hack hacking away.

Lo and behold, the entire fucking internet is down, particularly Twitter.

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Anyone find this to be a conincidence? One week after Biden threatened Russia with a super secret internet war, we get hit. Now if you’re the Russians and do not want the anti christ to become the next American President, would you strike first? Of course not. This is 4-d chess. Swallow the red pill.

The DDOS attack which is plaguing sites now might’ve been self inflicted.

A series of denial of service attacks on a major DNS provider spanning all of Friday have caused major issues across the internet, with outages of some of the largest sites and services experienced across about half of the U.S. —and now the Department of Homeland Security is getting involved.

Starting early Friday, assailants started a massive distributed denial of service (DDoS) attack on DNS provider Dyn’s servers. Major sites like The Verge, HBO Now, CNN, Imgur, Paypal, and Reddit are all affected to some extent.

A new wave of attacks have brought down the websites for the New York Times, CNN, Netflix, Twitter, and the PlayStation Network, among many others. Amazon is experiencing some outages as well, but at this time it is not clear if the problems stem from the DDoS attack on Dyn.

Starting at about 11 a.m. eastern time, the attacks abated somewhat, and were mitigated by Dyn’s countermeasures. However, at 12:20 p.m. eastern time, the attackers renewed the assault, expanding the outages beyond just England and the east coast of the U.S. to a large portion of California and Texas.

“Dyn received a global DDoS attack on our Managed DNS infrastructure in the east coast of the United States,” Dyn executive vice president of products Scott Hilton said in a statement Friday morning. “We have been aggressively mitigating the DDoS attack against our infrastructure.”

AppleInsider has learned that the U.S. Department of Homeland Security is “monitoring the situation” and the is “investigating all potential causes” of the outages.

The attack is aggravated by users continuing to hammer refresh following an unsuccessful load of a webpage.

The vector of attack is not yet known, with hackers recently having commandeered a network of surveillance cameras to perform a DDoS attack. Reasons for the assault, or the perpetrators are also not yet known.

Odds are the DHS sages will find that RUSSIA was behind the attacks that took away Joe Blow’s Netflix. This will really piss people off and cause them to want to have nuclear clown war with Moscow. Also, they’ll vote for Hillary, since Donald is a Russian spy.

In the meantime, while the internet is down, we have the main stream media to keep us appraised of any information we might need for the elections.

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Wikileaks Posits a Late Night Red Pill For You to Swallow

The media is totally butt-hurt over D. Trump’s reluctance to rubber stamp the validity of the election ahead of the election. This is something a submental spastic idiot would do, when taking into account all of the corruption, lies and wanton displays of election fraud being committed by libtards on the left.

The notion that the elections ‘are rigged’ isn’t something unique to America or this moment in time. As a matter of fact, our rigged elections are probably somewhat distinguishable when compared to all of the other autocratically run countries in Europe and let’s not even talk about Asia or S. America — where in Brazil politicians are being systematically hunted and executed.

It’s just that Americans expect greatness, which is the reason we’re rising up and demanding the fuckery must end. If, in fact, our country was rigging elections and also hauling ass for the benefit of the American people, odds are no one would be getting all pitched fork and fire torches right now. But the country has been gutted and the services provided to us have been shitty, and expensive; and God damn it, we’ve had about all we could stomach.

Almost every decision that is made is for the benefit of a foreign power. We see the horseshit in plain sight, the middle east disasters, the Iranian deal, the Chinese slave factories, the lack of a sane immigration policy, the neocon agenda of wars, etc.

This from Wikileaks.

Good night.

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Is the Ultimate Birthday Present Awaiting Hillary Clinton on October the 26th?

This must be addressed and fast. Will the benevolent hackers from the internet return what was lost by HRC on her birthday and release all of the emails that were inadvertently deleted?

After all, she’s awfully sorry that it had occurred.

Famous internet entrpreneur and professional troll, Kim dot com, proferred this question several months ago.

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Alibaba President: ‘China is Not a Bubble’

That’s not exactly news coming from China’s biggest retailer. It’s not like the white man in China was gonna say ‘this country is fucking fucked.’ Nevertheless, Mike Evans made an elevator pitch as to why China is so awesome.

The share price of BABA has made a fool out of all the short sellers over the past year, up 44%. This is a widely demonized company, with a CEO who has a head shaped like a carvel football iced cream cake. Some people inside China view Jack Ma as the anti-christ himself — others just think he’s an asshole. Either way, Jim Chanos is in agreement.

Here is Jim trying to destroy the entire country of China with his greasy rhetoric.

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In Light of the Project Veritas Videos, Newt Gingrich Begs the Question: WHERE IS THE FBI?

There is video evidence of gremlins connected with the DNC and Clinton campaign to cause violence at Trump rallies. These idiots can’t even be effective criminals without getting bagged by a hidden camera. This is the height of libtard incompetence. None of you should come within 100 miles of the nuclear bomb codes.

Where’s the fucking FBI? Why aren’t they investigating this?

Although I think Newt is a CFR stooge and secret member of the trilateral commission, whose sole purpose is to create a ‘death star’, he is smarter than all of the retard level IQers at the DNC combined.

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