Bitcoin Skyrockets to New Highs Off Fresh Japanese Demand

Does anyone know the actual reasons for Bitcoin’s ascendency anymore?

Some people attribute the rise due to the backing of Silicon Valley. Other’s say the Chinese are using it for illicit reason, to launder money out of the country. I tend to view this run as more of a phenomenon that comes across the investment landscape once every decade or so. Look, they even have Bitcoin ATMs in shitty corner stores in Brooklyn, NY.

According to Coindesk, today’s 4% move can be attributed to Japanese demand.

Just last month, the Japanese government recognized Bitcoin as a form of legal tender — which essentially means it’s now legal in Japan. This has opened the cryptocurrency up to large Japanese institutions, like SBI Group, for investment.

An analyst with an obvious bias, George Kikvabze from Bitfury, thinks Bitcoin can trade to $5,000.

He mentioned some gibberish about Segwit. Pardon me, I am not well versed in the ludicrous world of fake currencies.

“Just finished a two-week roadshow with investors. Message: We love Bitcoin but need to sort out scaling before we massively invest. Active SegWit!,” said Kikvadze.

God have mercy on my soul for what I am about to say, but Brian Kelly, aka BEAKERS from CNBC, is now a hedge fund manager specializing in Bitcoin and he’s out with some boolish commentary regarding the price surge.

Source: CNBC

“The biggest driver right now is you’re starting to see institutional investors take a keen interest in the entire sector,” said Brian Kelly, founder of Brian Kelly Capital, which recently launched a digital assets fund for outside investors.

“I don’t think this is hot money. This is real money that’s going to sit around and build the new internet,” Kelly said, citing his conversations with institutions and other investors. He also noted that consensus in the bitcoin community has moved in the last several weeks away from Bitcoin Unlimited — which would split the currency into two coins — and toward an upgrade of the existing system, known as Bitcoin Core.

Does it really fucking matter at this stage? The god damned faux currency is out of control to the upside. Everyone is sucking its dick. It will go up forever. Happy?

#Bitcoin, the mother of all cryptocurrencies, showing its strength. pic.twitter.com/USKEMkdWQK

— Henry Brade (@Technom4ge) May 2, 2017

For you stock-fags hoping to play this, you’re only outlet, thus far, is bitcoin ETF GBTC.

Breaking news from the hedonistic Milken Insitute Global Conference #MIGLOBAL, an assembly filled with 4,000 of the world’s richest and most powerful assholes in the world.

Speaker: Wilbur Ross, Commerce Secretary of the United States

Purpose: Humor commingled with showing everyone how powerful America is

Delivery: dreadful, deliberate, total asshole, sociopathic

Less than a month ago, President Trump had a glib conversation with Fox’s Maria Bartiromo, describing the moment that he decided to launch 59 ‘beautiful’ cruise missiles into an empty Syria airfield, whilst eating a most decadent chocolate cake with the President of China.

Yesterday, at the vainglorious Milken Global Conference, Wilbur Ross told the audience the missile strike was something of a dessert for the people dining with President XI. As a point in fact, it was after dinner entertainment. Yes, indeud.

Source: Variety

Speaking at the Milken Institute Global Conference on Monday, Commerce Secretary Wilbur Ross recalled the scene at Mar-a-Lago on April 6, when the summit with Chinese President Xi Jinping was interrupted by the strike on Syria.

“Just as dessert was being served, the president explained to Mr. Xi he had something he wanted to tell him, which was the launching of 59 missiles into Syria,” Ross said. “It was in lieu of after-dinner entertainment.”

As the crowd laughed, Ross added: “The thing was, it didn’t cost the president anything to have that entertainment.”

Funny. Ha, Ha.

Fucking assholes.

Dr. Steve Pieczenik, the consummate intelligence insider, made a bold claim on the Alex Jones show today, suggesting the National Security Advisor H.R. McMaster and Jared Kushner were behind a counter revolution to silence the alt-right. He cited the outing of General Flynn, the demotion of Stephen Bannon, Gorka and others, as evidence that something was happening inside the White House to silence the movement that got Trump elected.

Moreover, Dr. Pie warned the U.S. military was ‘out of control’, waging and fomenting wars in five different countries.

Interestingly, he mentioned how $KBR was in countries that the United States had no interest in for the sole purposes of looting it (I am long KBR).

Now on the important matter of Jared Kushner.

Pieczenik said the Kushner family is an ‘incredibly corrupt family’ that cannot be allowed in the White House. Jones said Trump’s sons are ‘total patriots’ and have been leaking information to Mike Cernovich and others.

“Trump is for real, but he is being pulled by every side. There is an attempt to have a soft coup against the President,’ said Jones.

Pieczenik weighed in, ‘I’ve repeatedly said that Jared has to leave. There’s no question he’s involved in corruption with the Chinese, […] the Israeli family, the Steinmetz, who were already indicted for diamond smuggling,’ further illuminating the point that AG Sessions was ‘fully aware’ that the Kushner’s were corrupt.

Dr. Pie fired a shot across the President’s bow, saying ‘we have the neocons coming back. I am warning the administration, again and again, I did not take the time and the effort and the liberty and the risk that others weren’t willing to do to bring back pathetic neocons like Elliot Abrams or John Bolton or anyone of those morons that you put in there. If Mcmaster doesn’t understand how he came to power, he came to power because Tom Clancy and I gave him money. He came to power because he sat on the boards of other companies.’

He warned against any preemptive strike against N. Korea as being both ‘idiotic and inept.’ He described intervention in Syria as being foolhardy, saying ‘putting in artillery and howitzers into Syria when you have no idea who the Al-Waleed’s are. You have no idea how many Christians the Bashar family are protecting, millions of them. And you’re gonna do a regime change because you have some moron named Pompeo, who’s head of the CIA because he was #1 at West Point, but had never been in intelligence? He’s never been overseas, really never understood anything…’

Watch.

Angie’s List was supposed to be a juggernaut in home services. When I was renovating my home, I found the service to be invaluable. But the problem with Angi wasn’t the quality of the service, but demand. Very rich people have a network of contractors that they use, none of which give a shit about third party reviews.

Poor people use masking tape to fix things and veg out all day on Facebook and Instagram, dreaming about a life that could’ve been theirs, but never actually materialized.

That leaves the middle class, which has been shrinking, thanks in large part to a fucked up healthcare system, expensive education, and an urbanization of America that is revolved around renting expensive apartments instead of buying and fixing homes.

All of these things worked to derail ANGI and their misery has ended tonight, with the announcement that $IACI will acquire it whole for $500m or $8.50, a 44% premium over Monday’s close.

Barry Diller’s IAC has been a serial acquirer of web properties, including About.com, Ask, College Humor, Citysearch, Dictionary.com, HomeAdvisor, Investopedia, Match, The Daily Beast, Vimeo, as well as a slew of other small third rate websites.

In spite of lackluster revenue growth, shares of IAC have been on a tear — hitting record highs.

This is a tremendous achievement by the President of the United States. A very annoying John Dickerson pestered the President about his opinions on Obama’s spying activities on the Trump campaign and got kicked the fuck out of the Oval Office in short order.

“But I’m asking you because you don’t want it to be fake news,” Dickerson said. “I want to hear it from President Trump.”

“You don’t have to ask me,” Trump said.

“Why not?” Dickerson asked.

“Because I have my own opinions,” Trump said. “You can have your own opinions.”

“But I want to hear your opinions. You’re the president of the United States,” Dickerson said.

Trump finally waved his hand at Dickerson, saying, “OK, that’s enough. Thank you. Thank you very much.”

Dickerson is the host of CBS’s ‘Deface the Nation’, where he tackles stupid subjects on a weekly basis with the sole purpose of hurting America.

That was a tremendous dismissal, absolutely terrific.

This has been rumored to be true for a long time now. Independent investigators pondered as to where the Obama Administration found the money to keep Obamacare alive. The profits of both Fannie and Freddie Mae were widely suspected in having played a role. Now we know that it’s true, according to Sec. Mnuchin.

“It is true. They used the profits of Fannie and Freddie to pay for other parts of the government while they kept taxpayers at risk.”

So how do you feel about that? Both Fannie and Freddie Mae are quasi government agencies that were bailed out during the financial crisis and held under government control. My issue with Obama taking from Freddie to pay Paul is that it left the agencies exposed to the downside of the housing market. If the economy went into a tailspin and both agencies failed, the tax payers would be forced to bail them out again. I suppose this is part and parcel of a corrupt corporate theftocracy, stealing from the people in order to progress agenda driven politics. Let’s not sit on sentiment and pretend Obamacare was actually for the people, the poor uninsured, when we both know the chief beneficiaries of the plan are big pharma, medical device makers and hospitals.

If you’re having a difficult time making money in stocks today, wondering how the Nasdaq could be up almost 50 and you’re in the pits — lamenting over being such a miserable loser — pull up the winners on your little monitor there and BEHOLD their grand magnificence. Go ahead and do it.

This power move higher by Amazon will likely seal that deal for Mr. Bezos, catapulting him to the richest man alive. Just a few years ago, Jeff was a do-nothing nobody, barely worth $20 billion. Now look at him. Dreams really do come true.

Aside from AMZN, here are today’s chief winners.

TWTR +5.5%
TSLA +4%
CTRP +3.3%
NFLX +3%
WYNN +2.7%
LRCX +2.7%

AAPL, MELI, NTES, PCLN and EXPE are also amongst the winners. See, today is a day wrought for the winners — mankind’s successes being celebrated around the globe for their business prowess. Your small, little, and stupid companies are of no consequence to them. Ergo, they’re shooting higher while everything else wallows about — like fat children inside swimming pools.

Marine Le Pen will attempt to defeat Emmanuel Macron on May 7th, but the odds aren’t in her favor.

The former Rothschild banker, who literally had an affair with his teacher 25 years his senior when he was 15 (called pedophilia in most countries), eventually married her and moved in with her children that were his age and older, is set to become France’s youngest President ever. How wonderful.

In the meantime, ANTIFA, or whatever they’re called in France, are having a grande old time expressing their displeasure that Marine Le Pen exists on this planet.

#FRance BREAKING | Gas bombs, many injures and big damage in clashes between police and #AntiLePen rioters in #Paris pic.twitter.com/FrZyCM16rb

— dotemirates (@dotemirateseng) May 1, 2017

BREAKING |

Anti – #LePen protesters clash with the police on 1st May in #Paris. pic.twitter.com/37FJIrMaUW

— Vocal Europe (@thevocaleurope) May 1, 2017

SENSITIVE |

Police firing tear gas on protestors in anti- #LePen protest in #Parispic.twitter.com/8mI0ZqNsNR

— Vocal Europe (@thevocaleurope) May 1, 2017

It’s May Day after all, a day for violent debauchery — all in the name of democracy.

Here’s a live feed.

I don’t know why I bother looking for stocks, or even ETFs, when we have a vehicle to literally mint money: XIV.

Inverse volatility. What better way to profit from a rigged system, that is designed to cast aside doubt and fear, by betting against the fucking fear index.

The Vix index is totally shit, approaching single digits.

Gains in XIV are in excess of 500% over the past 5 years. What have you done with your lives?

Record highs

Granted, during periods of obscene duress, being long XIV might feel suicidal. However, like religion, it’s important to keep faith in the Church of Anti-Fear. Whenever markets decline or scare people for a brief period of time, remember this post and always fall back on XIV as a tool to improve your lives for the better. Profits from this vehicle can power innovation, jobs, charity, cures for cancer. If used correctly, XIV can save the world from war, famine, pestilence and the coming of the apocalypse.

Simply bide your time over brimming coups of champagne and watch the money roll in, courtesy of XIV.

Back in the early 90’s, Michael Milken was in prison for securities fraud. Now he’s on top of the world again — hosting, for the 20th year, a very high brow conference for the elite. This week, the Milken Institute Global Conference will host 4,000 of the wealthiest and most influential people in the world. Amongst Trump’s representatives include Treasury Sec Mnuchin, Commerce Sec Wilbur Ross, Education Sec Betsy Devos and Sec of Transportation Elaine Chao.

Mnuchin will kick off the week discussing Trump’s tax plan.

Mr. Milken, renowned philanthropist and felon, will interview former President Bush (the idiot) and VP Joe Biden (another idiot). It should make for a rather illuminating and decadent affair.

Indeud.

The Dow Chemical CEO, Andrew Liveris and former SEC commissioner Paul Atkins will discuss “The First 100 days and the Next 1,000”, offering an assessment of the President’s accomplishments and plans for the future. As fas as we know, there will not be any Luciferian sacrifices at the event.

The cost is hardly prohibitive for these men and women of substance, with tickets costing about $50k, which includes a sundry of niceties: yoga classes, receptions with Hollywood celebs, expert analysis etc. The event promises to provide a calm normality to these very important people — removing the distraction of having to deal with the vulgarities of the plebeian class.

Here is the list of guest speakers for those of you interested.