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

500,000 People Disappeared!

We only added about 100,000 jobs for the month of December. But, and this is a BIG but, we eliminated over 500,000 n00bs from the workforce, successfully reducing the egregious unemployment rate to 9.4%. A great man once said “if you can’t create new jobs, then get rid of the unemployed.”

Where did these people go?

Answer: who gives a shit? FEMA re-education camps? No one knows or cares. The bottom line is futures are up and QE2 is in full effect. Here’s a little hash tag action for you twitter people: #POMO, #QE2, #NOINFLATION, #GLOBALGROWTH, #THEBEARD, #FUCKSPAIN, #MELTUP, #FACEBOOK.

Like I said before, this rally is celestial. You little southern idiots can’t fuck with the sun, moon and the earth. This is far and beyond your sphere of influence. We’ve got space alien magicians, my fellow people, buying stocks. Do you really think you can Tea Party this market lower? PFFFFFFFFFFF

As you were.

UPDATE: I sold out of MAS

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106 comments

  1. drummerboy

    from jobs#’s? fig.ly

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  2. Hammer

    Traffic did seem a little light today.

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  3. inloworbit

    They are zombies that only come out at night.

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  4. Alvari40

    All the people that “won’t compete” moved out of the country.

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  5. clegger_2000

    500,000 sent to China to work for Foxconn?

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  6. WSJC

    #HOMOHAMMER

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  7. Yabollox

    They moved south. Like all yankees want to do, retire and move south. Yankees really aspire to be southerners.

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    • Dr Fly

      And southerners emulate Northerners, by going to school and wearing suits etc.

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      • TheArtist

        although we southerners are easily spotted while in NYC as our suits are made of burlap. but we are trying…

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      • go2mars

        Still love the idea of the white suit and shoes with blue pinstripe, as a proper southerner suit.

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        • The Fly

          That is proper southern wear. Keep in mind, the south is about 50 years behind the north in all things. So, they will be wearing rayon around 2060ish.

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          • JakeGint

            Given what the North is like these days, with it’s heaped garbage, insolent-and-overpaid municipal employees and roving packs of murderous dogs, that’s like saying “America is 50 years behind enlightened Europe!”

            Um, yeah, and we’re glad of it.

            Provides the proper obstacle road-may, y’see.

            ______

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          • The Fly

            Don’t you forget who built this country. It wasn’t the fucking bumpkins in KY. That’s for sure. The south was sucking the tits of the North for 200 years. Let’s see them carry the burden a little bit.

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          • go2mars

            Well, they did provide access to the fruit’s of Colonol Sanders top secret recipe. And don’t forget mud wrestling. When uncle billy-Bob knocked a gold tooth out of his wife and it landed in the mud, Grampappy and Bobby-Sue jumped in after it and started an international sport/industry!

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  8. Quint

    I know where they went…we threw them back over the fence into Mexico…it’s the Obama plan to lower the unemployment rate – and you thought that meant he was going to create more jobs…tsssk, tsssk.

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  9. AlphaBetaBanjo

    Chemical trails ….Birds, Fish dropping as well

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  10. TraderMark

    They are headed to the for profit vocational schools taking out loans they cannot service due to lack of jobs that the us taxpayer is happy to take the losses on now that freddie mae….errr….sallie mae is providing the majority of loans in the country. Ponzi on.

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  11. Hank Moody

    Apparently, Bernanke’s wife – although a brunette – thinks Ben’s new nickname for her bearded clam is “goldilocks” when she gobs him off and he’s ready to go he shouts “sit on me goldilocks, I wanna feel your clam juice all over me, like an early morning Caesar!”

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  12. Yogi & Boo Boo

    Best post of the week.

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  13. Its the end of the World as we know it, and I feel fine
    Its the end of the World as we know it, and I feel fine

    If you’re reading this, then you were “left behind”.

    http://tinyurl.com/2f2ynd7

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  14. Quint

    It’s called the shrinkage jobs report…maybe it was in the pool?

    http://www.youtube.com/watch?v=1cUNNKzj_Nc

    This market is boring me today.

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  15. clegger_2000

    Any thoughts on LOCM?

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  16. Mr. President

    I can’t take the curiosity anymore. Mr. Fly, will you ban me? I want to know what it’s like. Please make me an IBC martyr.

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  17. Central Banker

    One of the UN’s top NGOs is Lucis Trust, which is a group that worships Lucifer, which is one of the four princes of Hell. This group seeks to end Christianity, which is why the UN and its backers — the Bank of International Settlements — are interested in working with this NGO.

    Get rid of Christianity and Islam, and the easier it is to create a single State religion, aka the “Gaya” religion which worships the Earth. All in alignment with sustainable development and Agenda 21.

    Since the central bankers have left no stone unturned in their plans for a New World Order, you can get bet your ass that thei will make this market climbs to heights never before seen, in order to get the masses to truly BELIEVE the economy is well again. The masses will then keep their money in US dollars as the market is then manipulated in an overnight plunge that will erase all of the optimism in a single blow, and create a nation of passive slaves in the process, who are willing to blame themselves for the ills that have befallen them.

    A central banker’s wet dream come true.

    Ride the wave of optimism to new heights and glory, but realize that you have no way to move all of your assets out of US dollars in a few seconds. Your entire underbelly is therefore exposed to Fate and you are a willing participant in the wealth destruction plan. So much for risk management in the real world.

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    • Yabollox

      We never really went to the moon either.

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      • Central Banker

        You never really had a brain either.

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        • JakeGint

          If he did would he be able to punch holes in your hare-brained theories?

          Let me ask you a question, and a serious one.

          Is there anyone on this site more conservative than me? (Okay maybe Shedder is my equal).

          If you answered in the negative, as I suspect, then you have to ask yourself, “why doesn’t Jake believe this crypto-cultist nonsense?”

          Your answer is important.

          __________

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          • Central Banker

            Hi Jake.

            I am more conservative than you, because I actually look things up and do research. I don’t base my “conservatiism” on a fake reality.

            I support your cause but sometimes I think you are under-educated, which is your own fault. If you really believe in what you believe in, what the fuck is holding you back? Peer pressure to conform? That’s pussy.

            The information I posted is readily available to anyone who takes 10 minutes to look it up and verify it.

            A staunch conservative you are?

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          • JakeGint

            Thanks for that vote of confidence in my ability “to do research.”

            Obviously, I am a credulous lummox because I don’t credit hare brained conspiracy sites.

            Carry on.

            __________

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          • go2mars

            I believe that I am more conservative than you. Certainly in the ballpark. And it’s lunacy to think that central banks around the world owned by private citizens and controlling all the money is a good idea which leads to selfless outcomes. Go watch the following documentaries as a start and report back later: http://bodocus.com/

            The Money Masters.
            The Prize.
            The Century of The Self – The Happiness Machines.
            Guns, Germs, and Steel.
            Journey of Man.
            Commanding Heights.
            Manufacturing Consent.
            Biographies of Mcnamara, Ataturk, Tesla
            Money as Debt
            Globilization and the media
            What we still don’t know

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          • JakeGint

            I’ve read many of those… obviously, we’ve arrived at different conclusions, as my take away wasn’t a shadowy global Overlord conspiracy.

            ________

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          • go2mars

            Why all the secrecy around the ownership of central banks all over the world?

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          • JakeGint

            What secrecy? It’s all pretty well disclosed…

            It’s like a money union:

            The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

            _______

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          • go2mars

            Exactly. And who are the major shareholders of the banks which own most of the central banks?

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          • go2mars

            Answer: Often a conglomeration of smaller banks and institutions that are controlled by a few common denominators (obscuring the trail). But look into it.

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        • Yabollox

          You pretty much lost me at Lucifer. Right there I thought, “nut job.”

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          • JakeGint

            Pretty heavy “tell,” that.

            I mean, again using Occum’s Razor… if one were a member of a shadowy Luciferian conspiracy group, would one choose a name that would indicate aforesaid?

            ________

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          • WTF

            Technically it’s luminous, or so they thought, lol.

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          • JakeGint

            Right, Lucifer meant “Light,” as in “God’s Light,” the name of the original head angel and First Fail.

            Obviously, these occultist types have realized their mistake in choosing… lol.

            ________

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    • Central Banker

      Bernanke’s statement that employment will be an issue for another five years is designed to set the stage of a market environment that is looking for any bit of optimism, in order to ratchet the market higher.

      Underpromise, over-deliver. Works every time.

      Study Hegel sometime to understand how our communist-humping “owners” think.

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      • JakeGint

        Hegel is a good start.

        Do you know that they feature him with Locke in most intro Philo courses in the major liberal arts institutions?

        Or at least, they used to.

        _________

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    • teapotdome

      The only reason world leaders worship satan is to make you look crazy when you talk about it.

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      • JakeGint

        ROFL!

        (Psssst! I got an idea… let’s say we worship Satan to REALLY get the grassy knoll guys goin’! Heh heh heh heh hehheheheheheheheh!)

        _______

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      • Central Banker

        Not sure I understand.

        What part of your brain is missing that you can’t independently verify on your own everything I posted?

        Maybe you should be checked by a qualified doctor?

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    • drummerboy

      thats ok banker dude,we wont have to worry much when george soros’ plane crashes with the cargo of greenbacks in the belly of his plane while on his way to monte carlo to meet up with the rothchilds……….

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      • Central Banker

        How difficult would it be to verify that the Lucis Trust is one of the UN’s top NGOs?

        30 second maybe?

        Less time than it took to write your stupid comment. What a wonderful genius you are.

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        • Yogi & Boo Boo

          Lemme say this: A good deed done in the name of the Lucis trust is equal to a good deed done in the name of G_d. The end result on the doer of the deed may be different, although I doubt G_d really cares much as long as the good deed is done.

          Flame away!

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        • WTF

          Banker, are you a conspiracy theorist? Yes or No.

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          • The Fly

            MIRROR MIRROR ON THE WALL, WHO IS THE MOST CONSERVATIVE OF THEM ALL?

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          • JakeGint

            Not you any more, Rahm.

            But my point was not to claim I was more conservative than nutjob, but only to establish my bona fides in regards to my thoughts on his outlandish theories.

            You see, I think George Soros, Nancy Pelosi, Harry Reid, Barney Frank, Fly’s President and most of the European socialist gaggle (“intelligentsia” as they insist) are simply very wrong, and in no short measure power hungry and corrupt individuals.

            And that’s enough for me to try to stand athwart them and say “stop, you are hurting (our country/your country/the world/etc.)”

            I don’t need some ridiculous World Government Satanic Aliens conspiracy theory to get my blood up, as actual world communism has a pretty damnable and historically PROVEN record in and of itself!

            And I think you take away from that ACTUAL horror, that actual record, by steaming on about global conspiracies.

            What they are actually doing in the hear and now IS BAD ENOUGH! Get it, stunad?

            ___________

            _____

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          • The Fly

            Jake

            It’s fun to cling onto the idea of a NWO. Do you know why?

            Because people clamor for the idea that someone out there is “in control.” See, believing in the Bilderberg’s means that you believe there are some pretty competent people out there, albeit fucked up. Unfortunately, as much as I would like to believe in responsible/diabolical Bildy, the opposite is likely true: incompetent, greedy jackasses running our nation.

            However, that doesn’t mean there isn’t a grand scheme by the world bank/IMF.

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          • JakeGint

            I replied in similar fashion to go2mars on my blog. There will ALWAYS be elites trying to consolidate power for “better effective control” of the economy/the world/the populace/etc, etc.

            The Communist/Socialist ascendency in the early part of the 20th century was evidence of that attempt at consolidation/control. However, we live in an entropic world, and even in places of absolute strict authority, like the Soviet Union, these models broke down due to human error (and attempts to thwart human nature) on a grand scale.

            So to believe that there is some Global Counsel IN PLACE and pulling the strings on this market failure and that internecine flare-up is LUNACY.

            As I said on my blog, is intellectual laziness and a rejection of complexity. There are nanny-staters out there in large handfuls, but there’s no Nanny.

            __________

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          • The Fly

            We live in a ENTR world, rather.

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          • Central Banker

            Cheers to your own LUNACY, you superior genius you…

            http://nikiraapana.blogspot.com/2010/11/communitarians-tea-party-paranoia.html

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          • go2mars

            And that’s enough for me to try to stand athwart them and say “stop, you are hurting (our country/your country/the world/etc.)”

            I wholeheartedly agree with that. But it doesn’t mean there isn’t more going on. Media control, consolidation of EU economic and political power, the artificially created “business cycle”, global warming scandal, secrecy around central bank ownership, and many other examples add up to suggest (to me) that there are organized objectives that are very non-democratic happening on a global scale.

            Are they aliens/religious fanatics? There is a lot of periphery silliness that gets pushed out there to divert attention. All imho.

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          • Central Banker

            Mr. Fly,

            You already know what the fuck is going on, and now you discredit yourself by trying to save face because you are too pussy-whipped by commissions from your clients.

            Solid documentation… beyond solid documenation…

            read and read and read again, friend…

            let is soak the fuck in…

            http://nikiraapana.blogspot.com/2010/11/communitarians-tea-party-paranoia.html

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          • Central Banker

            No, not a conspiracy THEORIST.

            A conspiracy REVEALER is more like it.

            http://nikiraapana.blogspot.com/2010/11/communitarians-tea-party-paranoia.html

            Read and let soak for six months and then READ AGAIN. Un-do your fucking programming for a change and give it some rest.

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  18. Vman

    All the unemployed have become full time traders! Who needs a job when you can make a killing trading.

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    • go2mars

      “I’ll trade you a long swig of my Big Bear for a shot of your moonshine!?”
      “I’ll trade you my car and big screen TV for a good parka, and a bunch of baby food?”
      “Let’s see if the local pawn shop will trade our lamps from Aunt Thelma for some cash.”

      Yup. You’re right.

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  19. JTU

    SOL up over 5% today!

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  20. sir topemhat

    The Bernank said the risks of deflation (felagio) “not yet gone”

    Therefore the 1st half will see your average 40 point up day becoming your average 100 point up day 5 days a week

    Boring (yawn)

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  21. sir topemhat

    Mine too 🙂

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  22. The Earl of Braveflaps

    Brando missed an opportunity with you, Sir Topham Hatt, but at least we had Ringo, Baldwin and Carlin.

    Good day to you, indeud.

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  23. Hank Moody

    Correct Jake, it is ALL about the question and not the answer!

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  24. Hank Moody

    Banker, might I add you are a fucking illogical retard, in fact a fucking imbecile and I would love to observe you squirm as you read my retort in favour (King’s English) of the jacob gunt.

    1) The market is a great testing ground: why do you think there is a willing buyer and a willing seller when all participants have the same information. Is either wrong?

    2) Given point 1, we must assume it is logical to extract a different view based on the same information;

    3) Why do you think the left and the right will always be in debate? They both have LOGICAL arguments.

    Please discontinue shaming yourself in public, it’s not good for ones self-esteem.

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  25. Hank Moody

    Question: do you think central banker is a born again Christian who bought the satanic verses, read the title and then assumed lucifer/Satan actually exists in the literal sense?

    Banker, lesson number two, in the biblical times the authors of said biblical tomes, bible/satanic verses; wrote as Paul said an “inspired” doctrine to an audience of Pagans. Dionesis could turn water into wine, Isis gave birth to Horus as a virgin impregnated by “the fire” – do you get my drift. The inspiration was to say our god is as good as yours. Now, there is no fucking Satan worshippers based on literal interpretation.

    Secondly, in agreement with The Fly, to assume there is some individuals with a somewhat higher understanding pulling strings, is like believing in an omniscient being counting up your fucking browny points to let you in the gates of heaven. The human condition is inclined to form these beliefs, but they are fucking ludicrous.

    We can’t form a view on either concept, based on the evidence. I think Soros has many a great insight to offer this world, through fear and lack of intelligence, the majority cannot and sadly will not understand him for many years to come.

    In closing, Central Banker, if I saw you on the street in my city I would dent my Range Rover just to wipe you out, roo bar to face, you die. In fact, I would even use my Vantage.

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    • go2mars

      Moody is an apt name.

      The religion slant is a complete red herring.

      It’s like building a corporate culture, buzzwords, and brand recognition at a large corporation so that the interns work harder and feel on board. But the interns never meet the company president or realize what he’s building, and exist in a state of complacency, glad for the current paycheque. Extrapolate that to global economics.

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  26. Central Banker

    Hey fuck faces… an article specifically for YOU…

    http://nikiraapana.blogspot.com/2010/11/communitarians-tea-party-paranoia.html

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  27. Hank Moody

    Red herring, well then you missed the fucking point!

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    • go2mars

      No I didn’t. His bringing in religion, and your refutation of religion’s involvement/importance in international “conspiracies” is superfluous to any actual arguements. The discussion takes attention away from the real points.

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  28. Hank Moody

    @ Central Banker: hey fuckwit, you posted the same article four times, and no one wants to read the shit. There’s better things to read about.

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  29. Hank Moody

    @ go2mars: flogface how can you doubt the business cycle, when fuck-knuckles suck as yourself buy stocks that are completely overvalued with the euphoric expectation of further price rises, and then sell then for less than their DCF suggests they are worth. There is feedback between price and participant, and indelibly the participant is prone to causing peaks and troughs through the exaggeration of reality as encouraged by his emotions. Clearly you are a chump!

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    • go2mars

      If central bankers didn’t change the money supply and interest rates, everything would be much more predictable. Those price rises and shifts assumed by businesses are built on underlying assumptions about money supply and inflation. It is changes in money supply and inflation rates that screw it all up and create “the business cycle”. Sure it is exacerbated by speculation, but in the absence of intentional contractions and expansions of the money supply, and of interest rates, speculation would shift toward real things. Like technological breakthroughs and oil discoveries.

      By the way, you are an asshole.

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  30. Hank Moody

    You raise a logical and correct argument, the system as it is I concur is flawed. I could take it even a step further in agreement. Despite this, the business cycle will always remain as good times encourage the pursuit of better times, deregulation of lending standards at the same time a willingness to borrow and leverage. De medici’s would be rolling in their graves.

    Perhaps I am an asshole, I was enfuriated by a central banker and I think you stepped into the firing range, I won’t apologise, just explain.

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    • Central Banker

      Hank —

      You are a reactive dipshit dime-a-dozen type A asshole.

      Read my orginal post again. It tells youi Lucis Trust is a main NGO of the UN. You do know how to use the Internet to verify something, right?

      It’s a FUCKING FACT AND I FUCK YOU UP THE ASS WITH FACT AFTER FACT, you mega fucking retard.

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  31. Hank Moody

    Also, changing the money supply by the central bank was/is in fact the correct measure, it is not however inflationary as the velocity of money has contracted sharply. The REAL monetary expansion already occurred prior to 2007, that is by the individual banks, there were more USD’s then than there are now.

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  32. Hank Moody

    I don’t care central banker, how can they purport to know what Lucis trust’s intentions are at all? I will read your article, but it will be like reading Scientology for me, I just ain’t gonna believe that shit!

    Just like Beck can’t pretend he knows anything about Soros, he is a sensationalist. Everyone with half a brain could see the ERM was gonna break, Soros had the clout to make the bet. He and many others broke the bank of England, but that doesn’t make him an economic hitman or a string puller. Speculators are the guard dogs of the system, don’t forget that.

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  33. Hank Moody

    I love mud wrestling!

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