iBankCoin
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.
Joined Nov 10, 2007
23,445 Blog Posts

Holiday Thoughts

Since U.S. markets are closed today, the rest of the world is useless, unable to establish a clear/concise direction. However, a certain coal deal in Australia raised a certain eyebrow of mine, due to its extravagant nature. Let me remind you: coal is the devil. Therefore, when someone takes an interest in coal, “The Fly” grabs his fucking crucifix and tries to figure out where the devil is located. From my vantage point, the devil, most assuredly, is in India or China.

In my opinion, news and rumors of news, elaborating about the sudden and perpetual decline of western civilization is gravely misdirected. While it’s true, the economy seems to be faltering a bit here. It’s also true, the Government jackasses are invested in continuing the ponzi scheme, just a little while longer. In other words, the dicier the markets get, the friskier Ben Bernanke becomes.

As I make my way up the northeast, “The Fly” is reminded of a quote, spoken by a great man: “it’s gonna be one fuck of a hot summer.”

Indeud.

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52 comments

  1. dave mick

    FAG

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  2. Le Fly

    Ban

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  3. Taqiyya

    This ancient gent, fairly recently a new dues paying PPT’r, is baffled by the coal shit. U.S. is arguably the world’s largest source of coal and yet we diddle ourselves waiting for a way to use existing science to squish hard coal into liquid fuels. No prob. Little brown men across the sea will heat up our summer and every fucking day of our future life. Once again, this ancient one warns of the Owl of Minerva.

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  4. Jayla

    Enjoy your vacation fly. Dont forget to grab a lobster roll!

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  5. Cascadian

    Coal is not the devil. The asshats just want you to think so. A great American resource is negated so the flies can stay in power. A heat wave does not prove global warming any more than a cold winter disproves it.

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    • JakeGint

      You hit the nail on the head, as does Taq.

      Global warming and cap & trade are just the latest in a long line of socialist attempts to bring the U.S. into line with the other schitty (already socialist, and failing) nations of the West. If you can’t suborn capitalism directly, why not attack one of our largest competitive advantages, our incredibly cheap sources of energy?

      Asshats.

      We will fight this bullshit just as we’ve fought every attempt to govern our sovereignity via centralized authority.

      “Bread and People magazine” works for only so long. The American people are waking up.

      ___________

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      • Purdy

        As always, things are a bit more complicated than is implied by your simplistic, us v them, side choosing.

        …but, I don’t feel like beating my head against the wall right now by trying to educate people who view monetary gain as an end – instead of as a means to an end …or people who deny that we have an impact on our environment.

        However, I think we can agree that EXPORTING our coal to those who burn it to power their industry so that they can export both cheap manufactured goods and polluted air back to us, is stupid.

        Anyway, have a nice holiday and remember, don’t eat the fish more than once a week …no fish at all if you are a child or a pregnant woman …and keep asthmatics and the elderly inside during the latter half of the week if you are on the east coast ..and exposure to the less-filtered sun should be very limited …and

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      • lol

        As I understand it we have a pretty fucking awesome supply of natural gas as well. Unfortunately like 15% of it we get from the gulf, which is a little fucked up right now.

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        • Indie

          natural gas is essentially a local market.

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          • JakeGint

            It’s local, sure, but it’s existant in almost every state in the union. Don’t be taken in by the brainwashed Pete’s.

            __________

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          • IndiePad

            By local i meant it can’t really be (effciently?) exported in reference to the OP.

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          • JakeGint

            Why would we need to export it? We’re the largest energy user on the globe, and net importers.

            ___________

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      • Pete

        Jake most educated folks dont give a shit what your opinion is because your views have been discredited by numerous amounts of prestigious journals. You keep on spewing this shit on your beliefs. Guess what? Your beliefs are not factually true.

        I have learned painfully that you people are mentally ill. You make the constitution out to what you believe it is and not what it actually is.

        I love how you guys post about global warming being a conspiracy to ruin the american economy. Like posting about it over and over is going to make it more true. Slowly we are moving in the right direction of curbing greenhouse emissions and yes in your eyes ruining our economy. lol.

        Your views are not in the middle like most people. Your hardcore right wing, crazy about your version of the constitution. YOUR version of the constitution.

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      • Human Being

        Sure, no such thing as global warming, aka climate change. Self-serving assertion. 8 billion people on the planet and man has no effect on his home world. Sure, whatever. I thought we may have put that to bed with the GOM disaster. Guess not. Drill baby drill.

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        • JakeGint

          There are 8 billion people now, Luddite? Was that in last week’s People?

          The problem on this earth will soon be demographic, but not in overpopulation, but under.

          __________

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    • Cascadian

      Sorry- I did not mean to imply The Fly (FIG) = the flies in power as stated above.

      Damn, I don’t wanna get banned!

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  6. mhass33

    It all comes down to whether or not people drink Ben’s koolaid. With the deficit finally being a top talking point the news, it seems Prechter’s prediction may be realized to some degree. Quantitative easing just won’t do anything.

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  7. J

    Jake, fellas, there is some truth the issue of AGW I think. However the real way to deal with it is to simply allow nuclear energy to do it’s job.

    If those fuckers hadn’t stopped nuclear energy dead in its tracks 30 years ago, this whole conversation would be moot because most of the US’s energy would be coming from nuke at a fraction of the price you guys pay now.

    If there’s any fucker here that thinks solar or wind is going to provide adequate energy I want to crack you over the head with a hammer for being a fucking moron.

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    • MX2101

      The Gulf spill accident happened. If nuclear energy had caught on big, would that statistical number have come up by now, and where would our Chernobyl be? The GOM probability of disaster hit and it is a mess, what would the nuclear mess be?

      btw- I am not anti-nuclear power, just wondering about the odds and probability. I do think it would be helpful if the USA reduced its energy addiction if possible, to avoid having our pink rear end exposed to risk.

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      • JakeGint

        Idiocy. You think we have seventeenth century technology like the Russkies who don’t give a fuck and who can shoot their own environmental watch dogs?

        The problem with you global warming fascists — and that’s what you are , government kowtowing fascists — is that you are all Luddites under the skin. You’ll drive your car and heat your house, but machinery is bad and energy is evil and scary.

        Gentlemen, the only reason we are drilling in 5,000 feet deep waters is because of Luddite NIMBIES (how’s that for a mixed metaphor) who don’t want to see where their energy actually comes from. You are the ones pushing the risk envelope in the GOM and the Middle East. Own up to it.

        J — I wholly agree w. your nuclear issue. We’ve many nukes in this country already, but they are aging, and need replacement. The NIMBIES are stopping that common sense as well.

        _____________

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  8. J

    Fly,

    how the fuck to you get from an Australian coal deal to been Bernanke,. That has me totally perplexed in the only way you could perplex someone.

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  9. despicable_me

    we’re going down – the question is can the fly bank coin during a Great Depression

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    • The Zombie

      Nice gravatar and name.
      You must be new here.
      Live by these pillars:
      1) The Fly is God.
      2) Read Danny’s Glossary, get familiar with this Holy Site’s lingo
      3) There is only one god and His name is The Fly

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      • despicable_me

        thanks Z

        it’s hard to make a living off the children in my sweat shops in this depression, so I have come here for advice
        I am cheap, and even more despicable, so paying for PPT is out of character, but I might
        fly will be God if I make money

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  10. StocksRider

    Latest post in PG http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/05/take-a-fork-then-take-another-one/
    On the fence but I have a strategy!

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  11. Silly Willy

    God is god, and he takes along monkeys for the ride.

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  12. No One

    Might be the “silver” opportunity.

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  13. arch

    fly,
    thought you were going to easter island…anyways hug a tree

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  14. JF2

    ?

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  15. arch

    looks like i might have to get up early to plant some hedges @ 3:1 ratio..yep,fuck me

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  16. Le Fly

    You are all commies!

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  17. arch

    im not a commie…

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    • MOOBS

      Have we shaken you out yet?

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      • arch

        no..might hedge then add

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        • arch

          i will remain watchfull…as directed by the voice in the middle of the harmonic chior…or i will suffer greatly..hence my ratio post…

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