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
23,473 Blog Posts

We’re Having a Bankruptcy Party: All Invited

DJ Fly here. I just want to give a special shout out to the members of Congress for declining to raise the debt ceiling. Now we can get this party started right, bankruptcy style—whooo-hooo!

Why don’t you nerds get off the walls and onto the dance floor? We’re playing all of the greatest hits, starting with Alexander Hamilton’s personal collection. Fuck yeah, S&P futures are climbing on the good news and investor sentiment has never been better. Fuck jobs. Fuck yeah.

We have Congressional penises floating around on Twitter and more than $60 trillion in real obligations. No fucking way we even think about paying that shit off. So let’s get on the dance floor and do the cabbage patch until our fucking arms fall off and strangers start to think we are zombies, straight out of a sci-fi flick.

Free 8 balls of cocaine are located in the bathroom ash trays and heroin needles and being distributed via dispenser, also located inside of the unisex bathrooms. Note: smoking cigarettes is NOT allowed.

This first jam is going out to Ronald “fucking” Reagan aka the Godfather of egregious/fascinating military expenditures aka the shit that helped get us to where we are today. We could not have done it without that old jelly bean eating mother llama.

[youtube:http://www.youtube.com/watch?v=Myq6hg2gcWw&feature=relatedd 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

113 comments

  1. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Ain’t no party like a bankruptcy party!

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  2. flyaway18

    IDK Fly, folks on Stocktwits are more interested in China’s numbers and Aussie data.

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    • The Fly

      People on stocktwits can cradle my balls. We’re having a fucking BANKRUPTCY PARTY. Free Jelly doughnuts for the first 1,000.

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      • Ovaltien5000

        Awwwwwwwwww Yaaaaaaaaaaa!!!!!!!!! Bernanke’s coming by with his money making machine. Get the Chinese ready he says he’s gonna make it rain.

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      • mao_junior

        Jupiter obviously looks kindly upon this comment.

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    • Indie

      No one gives a shit about china once you pull out the mirror and the razor blade.

      Let’s tear it up!

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  3. Marc David

    Shrimp Poboy for my main man… RC

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  4. Indie

    Party “exile on main street” style!

    Woohoo! My favorite.

    we’ll fix it in the mix.

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  5. Alvari40

    Thank you for saying that about Ronnie boy. I actually thought the country was going crazy.

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  6. Surplusdroids

    Fuck Yeah!
    * taps keg and sprays house members.

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  7. One Upper

    You better load some more clips for your Desert Eagle. Faux News just dispatched a kill team to your neighborhood in response to the Ronald “fucking” Reagan comment.

    B breath
    R relax
    A aim
    S sight
    S squeeze

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    • imadipshit

      Everyone knows Ronnie’s a fake republican anyways. He was a democrat first, then he realized he’d get more votes if he switched sides, kind of like how Brett Favre gained Viking fans playing for the other side for a couple years. How he became the “model republican” i don’t really know, Barry Goldwater’s the real republican, but that’s based on what I read because I’m not old enough to know that from experience.

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      • razorsedge

        bullshit, read the facts, however reagan loved this country. his shift was to save america.his nafta bill was to enforce unions, and epa to give us a bargining chip, but under bill clinton it passed w/out those measures, the dem bill

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        • razorsedge

          we lost more jobs under the gise of democrats saving r way of life

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    • panamaorange

      DE’s have some nasty recoil.

      I mean, sure, you might survive a “kill team” attack.

      But, is it worth living with years of carpal tunnel?

      Save your wrist. Get a smaller caliber handgun, with a bayonet.

      http://www.laserlyte.com/new_products/New_PB_1.html

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      • go2mars

        The only caliber where DE recoil becomes an issue is .50 AE. The blow from the rest is largely absorbed by the mass of the those big honkers. But a bayonette on a little gun. Why not? I’ve fired .357 mags with more kick than the .44 desert eagle. A large part of it is the mass to blast ratio. Ergonomics play in too of course. To a lesser degree.

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  8. Blind Read Ant

    DJ, electronic cig.’s violate rules or code?

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  9. Apocalypse Now

    Did you not hear, the US has declared that cyber attacks are the equivalent to acts of war.

    Under those circumstances, our foreign debt is wiped out as we would not pay any country we were at war with due to their cyber-attack terrorism.

    Debt problem solved, party on but we need to come up with a more catchy name than bankruptcy like perhaps bank-rhapsody party.

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    • The Fly

      Nice. This is like the movie Idiocracy, only real. Next up: Monsanto water for crops.

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      • One Upper

        I thought Idiocracy was a documentary.

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      • Apocalypse Now

        Well, Brawndo’s Got Electrolytes, so we can still exchange valuable crops to China with their farming problems if they no longer have a taste for paper in return for their plastic imports (sans plastic rice).

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      • MarshalN

        I’m pretty sure Monsato is coming out with Brawndo anyday now

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    • mango

      It was the Pentagon. They said they are going to bypass Congress and declare war themselves. Generals (the Princes of America) LOVE wars. They saw that Ben could bypass the spineless, self-serving Congress so easily, and asked ‘why shouldn’t they’?

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  10. Goldie

    Uncle Ben’s Black AMEX card says fuck the debt ceiling…

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  11. mango

    Thank you. I have said all along that Reagan was the Original Big Spender (his former budget director admitted as much). Bush2 was the biggest. I used to call myself Republican but they are all brain dead now and simply cheerleaders for the team.

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    • razorsedge

      bullshit, when we were saving america (paulson) how many congressmen put bs in the bill and called it saving america, it was the same with reagan, but u r right republicans and dems r runing the country, we r fucked

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      • franky

        wow. you think old school is crazy? just wait til those tea party whack jobs get in the door. there will be no ceiling…

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    • go2mars

      Both parties appear to like spending money that they don’t have. The lesser of the 2 evils is whichever provides more personal freedom, does the least Robyn Hood spending, and most importantly, has the coolest space program.

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  12. lol

    If we’re all going bankrupt we might as well take out credit cards and max them out to our favorite charity in our final hurrah. Maybe it will buy us some karma points, and the less fortunate nations will remember us, once the wheel of fortune turns another rotation

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  13. lol

    Does anyone have a link where I can watch the HBO film “Too Big To Fail”? I think that should be the premier movie at the bankruptcy party, as we prepare for the sequel.

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  14. A Monkey with a 1999 Dot Com Disco Ball
    A Monkey with a 1999 Dot Com Disco Ball

    Its just like the fucked company dot com money burn. Party on Garth!

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  15. GravestoneDoji

    PRINT BABY PRINT!!!

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  16. Woodshedder

    Wait til the greeks realize they have to give up their bennies to get their bailout. Party’s o’er.

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  17. MarshalN

    This is the weird thing — the Greek debt thing isn’t going to go away. They’re broke, and sooner or later, however many bailouts we have, they’ll have to restructure. The Germans won’t pony up the money forever, yet we pretend it’s all ok for now. The whole thing is insane.

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    • GravestoneDoji

      Don’t piss on us and say its raining. When everyone is bankrupt, we all win.

      Signed,

      The Bilderbergers & DJ Timmy G.

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    • riggedgame

      So the fuck what? Fuck their creditors. Like you stiff Citibank on your CC debt.

      It’s CITI’S problem, not yours.

      • 0
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      • MarshalN

        It becomes my problem when they bring the whole financial world down. We thought Lehman isn’t our problem either.

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    • go2mars

      They’ll bailout with as much useless fiat as it takes to obtain all the greek gold (111 tons), and privitize major Greek public infrastructure projects through companies that they are major shareholders of. It’s all about hard goods and production capacity for free (endless fiat).

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  18. Goldie

    Ben printing $100 bills right now just so we can use them to snort coke at this party tonight.

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  19. jande9

    I thought criticizing Reagan was not permitted.

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    • razorsedge

      u correct sir,

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      He’s just suckering them into the field so he can unleash a mass-banning campaign.

      You can’t shoot down enemy fighters that aren’t flying. And then how would you become an ace?

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  20. rogue wave

    drunkenmueller [sic ]http://online.wsj.com/article/SB10001424052748703864204576317612323790964.html

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  21. razorsedge

    sorry for the interuption, im back to ebay buying 10,000. dollar bonsi trees.

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    • heaterman

      Word is that all Japanese bonsai are now the size of sequoia trees and the cones glow in the dark like Christmas ornaments. Forget the bonsai……

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  22. silentmax

    seriously i dont understand all this talk about debt ceilings and default. the us goverment can just pay any country in real us currency any time anywhere. print that money as you go. print baby print. who the hell will complain. all the other countries knows who has the guns. what are the chicoms going to do? complain? hell. they dont want the us to default as well. bad for business.

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  23. MetalLeg

    Party like it’s 1929!!!

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  24. razorsedge

    (140556197931

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    • razorsedge

      ok was sposed to be let me live in a house by the side of the road and be a friend to man,,,look that up,, sorry im not literate

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  25. JakeGint

    All of your whining about Saint Ronnie will never erase your lever pull for The Farthest Left Candidate in Modern History.

    Jug eared fugger makes George McGovern look like a damned Bircher.

    Oh, and here’s the latest market analysis from Australia, mate.

    Thanks me later.

    ________

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  26. Taco

    Ain’t no fukkin way this news story about Repubs against a debt ceiling is REAL. Pure fiction it is.

    Rs and Ds are part of the same Central Banker Party (the CBP). The CBPs are playing “make believe” with their media, pretending as if conflicting forces are at work.

    Fuck all that. Debt ceiling will be raised until the USD is completely obliterated into subatomic particles.

    Even the fucking IMF and World Bank have already gone on record saying so.

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    • riggedgame

      So the fuck what? We don’t NEED no steenkin’ dollar.

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      • go2mars

        True enough if you’re holding loads of precious metals, meteorites, rare art, old musclecars, crates of weapons, farmland, oil wells, etc..

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  27. slade

    at 92 Ginger Rogers can still dance!!!! jan 2011
    http://youtu.be/3O-o5gwi4HI

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  28. Trading Nymph

    You know that USA won’t go belly up. I am watching the Asian Dollar Index tonight, it appears to be on its way to a double top of its 119ish level…with weaker China PMI, yes I care about china…and a US congress eager to cut the budget, I just don’t see juice for it to take out its recent top. Tomorrow our first buzz of data on NFP comes out, if it is good we could see a little dollar upside after being bitched slapped today……………..btw, I still can’t believe Fly didn’t think I was serious on that weekend blog….maybe he meant that I wasn’t serious about hanging out with the Bow One….was serious about that too, have the pics to prove that.

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    • Po Pimp

      Iron my shirt.

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    • silentmax

      you have pics with the great ” bow tied ” one?

      your in singapore?

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    • no one

      lets see the pic

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      • Trading Nymph

        Silentmax…no, he was in LA…He had to head a panel on moving polititcal power to a grass roots level. Hung out with him the afternoon before and invited me to the lecture the following day. BTW, he was the first person to wish me Happy Birthday last year via the net. No One..I will try and make it my advatar pic or post it in Peanut Gallery later.

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    • checklist

      being early and being not serious aren’t the same, mmmkay

      you’ll eventually be right, nymph, the big commodity party is long in the tooth. timing can be a PITA, however

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      • Trading Nymph

        Checklist…TRUE…timing is everything. Bubble 101 is one class I will be sooo glad to be done with. The Biggest lesson I learned is that 1% can spot a bubble in its early stages and play it, 99% think its not a bubble and simply ride the trend. I am just amazed that no one had courage enough at the early stages and said “hey this is getting ugly, maybe we should do something to stop all of this”

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  29. TeahouseOnTheTracks
    TeahouseOnTheTracks

    A Political Statement: Kick the Can or How to Retire Young ala the Greeks

    Starring; Barack Obama as Mr Bloom, thewife as Mrs Weinstein, SteveTheNeighbor as Mr Weinstein, Trading Nymph as Mrs Dempsey, Quint as Mr Conroy, JakeGint as Mr Cox and a special appearance by Plutonium Petey as The Distinguished Gentleman

    http://www.youtube.com/watch?v=BKEGIPqS8Kc&feature=youtube_gdata_player

    “Kids can’t resist going where the grass is.”

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    • Trading Nymph

      Tea…Its market hours and you have me watching Twilight Zone to see who I am, lmao. That reminds me, once I figure this entire game out…the next thing on my list is to take all the winnings and fund Progeria research…that should lead to the key of all that aging process, but knowing my luck, that will be solved and the world blows itself up with a nuclear bomb.

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  30. hmmmmm

    QE3 here we come !

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    • Kenny Fucking Powers
      Kenny Fucking Powers

      If you really believe this, prepare to have your balls barbecued.

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  31. GravestoneDoji
    GravestoneDoji

    ADP cratered…spin starting….to QE 3.0 and beyond!!!

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  32. Mick

    time to short any rally

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  33. discoordinated
    discoordinated

    long VCLK!

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  34. Quint

    CNBC needs to do something. If I have to sit here every morning now and listen to Bertha Coombs, Simon Hodge and Melissa “I Love You Long Time” Lee explain to me macroeconomics I’m gonna get real cranky!

    I’d rather watch Mark Haines re-runs.

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  35. checklist

    this is bad, mmmkay

    refusing to raise the money supply at a time so tenuous is bad, mmmkay

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  36. Apocalypse Now

    Bankers show Congress what happens when debt limit is not increased, recalling similar action May 6th 2010.

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    • theedge111

      Umm…This isn’t banker shit.

      It’s all about endless shitty economic numbers. ADP and ISM were horrific.

      We are heading straight towards another recession. Hope your portfolios are prepared for it.

      Cheers

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  37. Cascadian

    Blame Reagan for this shit? I never voted for the guy, but he’s long gone.

    • 0
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  38. Wilco

    At Bankrupcy parties, margin call reciepts are checked at the door….Special appearance by Merlin at midnight!

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  39. Cascadian

    Everyone knows the debt limit will be raised before Armageddon hits. Congress and POTUS will want to continue buying votes with gov’t money. This is just theater.

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  40. go west, pet shop boys
    go west, pet shop boys

    for anybody who is curious about the potential ramifications of this panic about the us’s “debt”, the best read you can find is on “modern monetary theory”, its close enough.

    austerity is bad, mmmkay

    drugs are bad

    don’t smoke crack, mmmkay, crack is bad

    austerity is bad

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    • no one

      are you retarded??

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      • checklist

        retardation is bad, mmmmkay, don’t be retarded

        this “pet shop boys” stuff is mysterious, mmmkay, don’t smoke crack, crack is bad

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      • checklist

        modern monetary theory, read up on it. its actually very good.

        ever seen the episode of south park, “goo backs” or somethign like that, where people come back from the future and work for like 10 cents a day? Its a spin on mexicans coming.

        And all the blue collar people rally and yell “they’re takin our jobs!” “der de der”

        And then they form a big pile of naked dudes all getting homo to protest?

        And at the end they decide that they don’t have to be in the gigantic homo-pile if they jsut work harder…

        … and then decide that working harder sucks so they all yell “back in the pile!”?

        the end of all of these financial crises and debt problems is easily had, the economy is easily rendered booming, but i’m not sure we’re actually going to do anything smart.

        austerity is the gigantic homo-pile, and i am starting to wonder ifw e’re all going to get thrown in it whether we want to or not

        austerity is bad, mmkay, don’t be austere in a balance sheet recession, mmkay?

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  41. checklist

    rating comments is weird, mmmkay, don’t rate comments, mmkay?

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  42. Apocalypse Now

    Without further QE POMO market support, Congressional investments drop as liquidity floats / sinks all boats. I wonder what they will choose to do. sarc. If they have insider information (Congressional investments beat the market) then they could choose to short it and do nothing, but that would not do much for social stability.

    Somewhere someone is providing another “Bernie Sanders” with a front row seat showing why Congress must act to raise the debt ceiling and why talk of further support and easing is necessary due to the news.

    Yesterday the close was gunned, and today the market opened much lower for a very dramatic looking drop.

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  43. pitbull

    barkng drooling dogs !!! wheres that bathroom located ? .??
    guess..congress,,whte house …lets rapage with our Barking droolng dogs !!

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  44. Mick

    “As predicted, the market went up today, as you pussies sold out near the lows”…… pretty smart pussies huh ?? ppt said to sell on friday did ya listen ???

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  45. A Monkey with a Fucking Hearing Aid
    A Monkey with a Fucking Hearing Aid

    The PPT said SELL last week? Did anyone listen?

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  46. Spy007

    Team America “Fuck YA”

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