Steve Bannon is a Hero Now: Trump’s Big Beautiful Trade War is History in Real Time

Remember when people thought Steve would be the next one for Mueller to possibly toss into a prison cell? WRONG. Now Steve Bannon is making the rounds, talking about how Trump is literally the best President since Calvin Coolidge for punching China in the nose.

Here’s the talked about interview on CNBC aired yesterday.

Nasdaq futures are nearly up 100. Everything is going up and China is like a meaningless speck of dirt brushed off of our broad shoulders. There is nothing the Chinese can do but bend the knee now and beg us for forgiveness. This war is going to decimate Beijing and markets will celebrate this with even moar gain.

At the height of the crypto craze, the complex was worth ~$800 billion. Tonight, as you trade in and out of your favorite shit-coins, the complex is worth $280 billion.

Clearly, one cannot stop the future. Ergo, with that logic, there is another $500 billion in wealth up for grabs until we get back to record highs.

As for me, I dealt myself a serious claw-hammer punch to the nose when I bought the cryptos near the top, and then watched with an odd indifference as my Binance account shrunk by 90% inside of 6 months. But now shit is popping again and retards have fired up their Binance accounts and are back to sharing ideas on their private Discord channels.

Let me share my idea with you right now.

Name of the shitcoin is Aelf — and it’s going a lot fucking higher.

Why you ask? Because, man — they’re decentralizing the cloud, bro. They’re leveraging cloud nodes and securing transactions via the Blockchain, and various ‘side chains.’ Oh, you’re not up on the side chains yet? Well here’s your chance.

The tech is so awesome and amazing that I didn’t even need to place my magic rocks in the moonlight tonight for good luck. While my dogs might shit on the floor and piss on the rugs whenever the please, Le Fly does have an opportune here to extricate himself from this miserable existence and CATAPULT HIMSELF out from this upper middle class hell-hole and into Elysium (not death heaven, but something close) — all on the backs of ELF and other shitcoins to come.

As of this moment in time, my entire crypto account is in ELF.

I’m a Tycoon now, a crypto expert, master of the side chain, mogul of all things decentralized.

I put some money to work in some IPOs — buying FTCH, FTDR, SILK and I went all in on the crypto ELF. Try to stop me and I’ll rip your jaw off your face and light it on fire.

How about dat, fucked face? Forget about your stocks and bonds. How about some Ripple? Look at these fuckers run.

The volatility to the upside is back and Chinese money is piling in and everyone is thinking BTC is gonna make another run to 20,000. Who am I to stand in its way?

Time to log into my Binance account and add to my SAFU coins..

Whatever happened on Monday can now be rendered meaningless. We’ve just about recaptured those losses, based upon news that Trump would delay tariffs on European autos for 6 months. Mind you, the market wasn’t going down on this news in the first place. As a matter of fact, I bet you dollars to donuts most of you didn’t even know the deadline for auto tariff review was on the 18th of May, yet here we are celebrating this trade war victory with dicks in hand and jizz all over our faces.

Fuck this shit.

You can buy the Nasdaq +100 on this news; I will remain, inexorably, in cash.

The technical set up is bullish and I’m still 100% long in my Quant and I still have longs, like RIOT, working. But I don’t have any interest buying now. The idea of me getting involved with this sort of brainless exercise gives me revulsions.

Right now, and straight away, evert boiler room financial advisor in America is sucking Dow Jones dick now, smugly reminding their followers of the virtues of long term investing — telling them to always tune out the doomsayers — because the market, quite literally, can never go down.

The signs of excess and decadence are everywhere. A great gigantic cock of a storm is going to wipe everything clean, soon, reducing you fuckers into crying babies, sacrificed upon the altar of arrogant pride and indecorous rapacity.

UPDATE: *TRUMP PLANS TO DELAY IMPOSING TARIFFS ON AUTO IMPORTS

The market is supposed to be a lot worse than this — but we’re rallying. I could embed myself in a stubborn set of trades and wait for things to go my way — or extricate myself from the situation and wait for a better environment that suits my temperament. I chose the latter.

I cleaned out of most of my trading positions, raising cash to 70%. I sold out of my inverses too, but kept DRIP for now. I’m also still long NUGT and it’s a 10% position and I think I’ll hold it. I have a strong bias to the downside, especially on names like NVDA.

But the market looks like it wants to rally. I cannot force myself to like stocks and I certainly don’t want to get squeezed here either, so cash is my best option.

Two important things for you to know this morning.

Former CEO of Goldman Ball Sacks took to Twitter to voice support for Trump’s trade war.

Tariffs might be an effective negotiating tool. Saying it hurts us misses the point. China relies more on trade and loses more. As in a labor strike where mngmnt & workers both get hurt, the process may demonstrate relative strength & resolve & where compromise needs to happen.

— Lloyd Blankfein (@lloydblankfein) May 14, 2019

As to who ultimately bears the tariffs cost: US buyers may eventually switch their purchases to domestic or non-Chinese companies (and pay a bit more than now). Chinese companies lose the revenues. Not great but part of the process to assert pressure to level the playing field.

— Lloyd Blankfein (@lloydblankfein) May 14, 2019

And, secondly, the EU is next. Any fucking questions? The Europeans are weak, unlike the Chinese. Trump can truly hurt them with auto-tariffs and most analyst think the auto debate is merely a Trojan horse to get agriculture on the table. If I was in Europe now, I’d be fearful of this trade war swinging back around and decimating my shitty little continent.

The European Union is finalizing a list of American goods to target with retaliatory tariffs in the event that U.S. President Donald Trump, who is expected to make a decision by May 18, imposes levies on car imports.

“We are already preparing a list of possible items that would be on that list,” EU trade chief Cecilia Malmstrom said in a Bloomberg Television interview on Monday. “The moment this is official — if this happens, I still hope it won’t — then we would publish that list,” she said, adding that it would “happen quite rapidly.’

The U.S. and the EU reached a political accord in July to work toward a limited trade agreement, which would put on hold the threat of tariffs on EU cars. Those duties would be based on the same national-security grounds invoked for controversial American levies on foreign steel and aluminum. The EU will hit 20 billion euros ($22.5 billion) of U.S. goods if Trump follows through on the auto threat.

U.S. tariffs on European cars and auto parts would mark a significant escalation of transatlantic tensions because the value of EU automotive exports to the American market is about 10 times greater than that of the bloc’s steel and aluminum exports combined. As a result, European retaliatory duties would target a bigger amount of U.S. exports to Europe.

A 25 percent U.S. levy on foreign cars would add 10,000 euros to the sticker price of European vehicles imported into the country, according to the European Commission.

“It’s a little bit unpredictable for the moment,” Malmstrom said, adding that as part of the July agreement the two regions wouldn’t impose new tariffs on each other. “We hope the president will still stick to those words.”

‘Law of the Jungle’

Speaking later at a trade conference organized by German Chancellor Angela Merkel’s parliamentary caucus, Malmstrom said she sees the U.S. resorting to a “law of the jungle” approach to trade, following the country’s retreat from the global stage. But there’s still potential that the two sides can quickly come to terms on a limited accord focusing on industrial goods.

“If we decide to negotiate such an agreement, we can do it very quickly and it would bring mutual benefits for all of us,” said Malmstrom. “It would expand growth and save a lot of money on tariffs. That could then create trust for something bigger in the future.”

Nasdaq futures are -25.

You fucking losers. Why the hell did you click in? Are you so fucking desperate for financial advice, due to your gross negligence, that you’re keen to take advice from a complete total stranger, who is both anonymous and shows a proclivity for violence?

Here were the top rated ETFs in Exodus. You can now call your clients and offer them some hot ideas in exchange for a recurring fee that will outlive their fucking lives.

WTI is soft tonight. You should expect to see a showdown tomorrow and it’s going to get real ugly, real fast — like midwestern corn-fed human ugly — red hair and all.

How’m I doin’?

Thank you for asking. I’m doing badly, if you have to know. It’s not as if any of you fucking morons even leave relevant messages anymore. Most of you are talking to yourselves — like the fucking idiots you are — jib-jabbing, crabbing all around — trying to convince yourselves that your lives are purposeful. How about a fucking dialogue — fucked faces?

Back in the golden age of iBC, we had discussions and there was a lot of tomfoolery. But all of those people are dead now and this new generation of reader are silent like mice. Traffic, more or less, is the same — so it’s not a matter of reach or people no longer reading Le Fly. It’s simply a matter of you — the internet fool — no longer mustering the courage and the gravitas to say something important, or to challenge me. For the love of dead cats, I don’t even ban people anymore. I used to ban 2-3 people per day — due to the disruptive nature of the comments. Now the comments are docile and feminine and weak, and no longer worthy of my attention.

Weak sauce close. What is the President to tweet next? What sort of gambit can he pull out from his utility belt?

Dare I say…

RELEASE THE KUDLOW!!!

Do it Mr. President. It’s the only thing that will ensure much much high stock prices and a great big beautiful breasted economy.

Listen to me — the market isn’t really your friend. It wants to destroy you and remove your money from your accounts and into the accounts of important people. Men who pay taxes and employ others and spend money on grande parties and host Presidents and Kings. You’re all a bunch of faggots, wasting time and oxygen — attempting to craft out a little neat life for yourselves.

Markets surged today — but what about tomorrow? What will you do if stocks slump over and slip into a watery grave in the morning? Will you buy le dip, based off the premise that destroying the Chinese economy is GOOD for America? Will you buy stocks based off the idea that America doesn’t need Chinese goods?

Will you do it?

My inverse ETFs are getting lit the fuck up and, admittedly, I’m a bit salty about that. I remember looking at them yesterday, all with big ass gains, thinking ‘maybe I should sell them and take profits.’ And then I decided against it — because the allure of largess was too great for even me to withstand.

I do not want small gains. I speak of long term investing often here and I warn YOU that you’ll never get rich trading. But that shit doesn’t apply to ME. I will continue to increase my account values trading and I’m always on the lookout for a very large directional move. Bear in mind, these moves are NOT for YOU — but for ME.