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
20,793 Blog Posts

INSURRECTION

Both sides of the political spectrum have something in common: they hate their government — but for different reasons. What we’re seeing unravel today in the capitol, violent rioters marauding through the capitol building, is what happens during the 9th inning of the humiliation phase of the working plebeian. There are a billion reasons to feel disaffected from your government. Americans tend to be a bit more dramatic when it comes to its politics. But you can clearly see the cracks settling into the surface during the summer riots of 2020. People bore witness to violence and their cities being ripped apart, only to have it all washed over, police doing more or less nothing, and the candidate who seemingly supported the movement elected President in a manner that many do not believe was legitimate.

Whether these things are true or not is immaterial, since people believe them. The fractures in American society have been culminating over 4 decades through policies that are not in line with ordinary tax payers. We can circle back to when Trump was elected and identify why that happened: the idea of populism powered via promises of affordable healthcare, the end of foreign wars and spending, and of course bringing jobs back to the country. Now we have a country firmly divided with a demographic shift that has never happened in any country in the history of the world, or since Anglos replaced natives here. The demographic shift could be a giant nothing burger, if it weren’t for the fact that there is a political movement, spearheaded by the media, to humiliate and antagonize people with divisive policies and words. I know, they’re only words, but some people are greatly affected by them.

At the end, it’s all very sad. I am deeply emphatic to people who feeeeeeeel the need to be heard in such a manner. I was at first angered by what I saw during the summer, mainly due to the looting and the destruction of property. After seeing this and taking it all in, I am more convinced now than ever before that my ancestors made a mistake coming to this country and I would be better off heading back to Ireland to run the green fields and calmly trade from the confines of an ancient pub.

Be safe and try not to let this anger you too much.

As for trading, I went from +160bps to down 60bps as markets reversed and then traded my way back to +85bps. I am now net short.

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29 comments

  1. it is showtime

    Hi inner wall st CB circle

    3784.

    I just named a number
    you cant get the S&P
    to hit. Can’t even touch.
    have a good day

    The inflection around the machinated election, as you know,
    The inflection around the furnished black swan, as you know,
    —- your ruse psyop programmed algo near vertical leg —-
    —- Overt preordained ath eclipsing pattern once again —-

    Your game is almost over. i’ll have. won

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  2. it is showtime

    “9th inning”

    id say
    4th turning

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  3. narcist

    A bunch of out-of-shape Klansmen occupying DC. How lovely.

    I say start the shootings already, if they dare.

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  4. heckler

    This is all just entertainment now and I don’t think that trend is going to stop

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    • narcist

      Ironically President Biden may invite the allied troops (including the *Germans*) to come to help to put down these homegrown Nazis.

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    • it is showtime

      There are level headed defender types there,
      Knowing the extraction operation that must take place

      They’re not there to play.
      Or be shunted.
      They’re there for sovereignty

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      • narcist

        Leave my country and find sovereignty elsewhere. Or start a civil war and get crushed.

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        • sierra water

          Narcist. Kiss my ass, my grandfather almost gave his life fighting the Nazis so you could support Antifa and corrupt Democratic Voting precincts. When there are people who live on my suburban residential street that flew to D.C., something is brewing. You can’t call 70 million US civilians domestic terrorists and then think you are going to “crush” them.. Dumb.

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          • narcist

            Your grandfather would have punched your fucking face like how he would punch the Nazis.

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          • narcist

            Another thing about the Nazis, my maternal grandfather of the 99th squad out of Tuskegee literally killed some of Hitler’s Nazis.

            A galore of his grandchildren are now in active duty and will be glad to do the same to these homdgrown Nazis.

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          • narcist

            One more thing: the 74 million who voted for Trump (again) aren’t all domestic terrorists; most of them are merely enablers of these domestic terrorists.

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          • helen

            How about you kiss trumps dirty fat ass and fuck off!

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  5. purdy

    “The demographic shift could be a giant nothing burger, if it weren’t for the fact that there is a political movement, spearheaded by the media, to humiliate and antagonize people with divisive policies and words. I know, they’re only words, but some people are greatly affected by them.” Yes indeed.

    Why is our media/internet masters doing this? Do they have a long-term agenda?

    The people behind our MSM talking heads are not a morons. And the people behind Google, Twitter… internet censors are not morons. They must know that they are setting unmeetable expectations in the new demo and in the programable anti-free-speech vagina-hat wearers like Raul; while at the same time they are angering most of the rest of the populace. Why?

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    • narcist

      But, Fly, the fact that Confederate Mitch is now the Senate *MINORITY* leader shows that demographic shifts are about as real as karma.

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      • narcist

        Case in point: 15 years or so back when Georgia was a couple of shades whiter, the Republicans always won state-wide by at least half a million votes out of less than 4 million votes cast.

        That half-million-vote advantage is completely gone due to, more than anything else, demographic shifts.

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        • Mr. Cain Thaler

          Good to see you have learned nothing and intend to quadruple down on your racist ways.

          No the voting data doesn’t support that. The Senate candidate that got the most votes this cycle was Perdue ’20. A culmination of factors including Trump’s antics, a runoff rule designed to give mainstream parties an edge, and a Dem enthusiasm gap brought the Senate to 50/50.

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          • narcist

            Yep, my “racist” ways like liberty and justice for ALL, not just you white supremacists .

            You know nothing. And you certainly know nothing about Georgia (or America).

            You live in some shithole town in Michigan and you think America will go back to 1950. IT WON’T. IT NEVER WILL.

            And your KKKlan will continue to lose political power till the day you die.

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          • narcist

            And it will not stop after the day you die, no matter how hard they try.

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          • Mr. Cain Thaler

            You’re a useless faggot, a piss poor excuse of a human being, and you deserve everything you’ll get and more. When this giant you have awakened finally comes to your state I hope they skin you alive personally and I’ll see you in hell.

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  6. traderconfessions
    traderconfessions

    Prepare the gallows.

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    • narcist

      These domestic terrorists should have already been pulverized by the Union troops.

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  7. tradercaddy

    Getting back to stocks, I bought a stock called Eventbrite (EB- an online ticketing company) on Monday and have made a quick 10% since then.
    I bought it because it appeared to me then that most of the Florida Counties here are using this software to schedule appointments for Covid vaccines.
    I was wondering if anybody has run into this in your State when scheduling your vaccination. I guess at this point you would have to be a healthcare worker or 65+ to schedule same.
    BTW, I get the Moderna first shot on Friday PM (yes it’s true I am over 65).

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    • moosh

      Thanks for the ticker TC. I’m of no help on your question though. I assume you will be getting the shot on your non-serve/ace arm? Unless your ambidextrous of course

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    • dchanko

      Nicely done T.C , saw that they got the deal for Covid vaccine admin. despite being a mostly concert ticket company
      Was also looking around other states for similar as can be sure the federal or state medical systems will not be up to the task.
      AmerisourceBergen Corp. buying Walgreens Boots Alliance was likely a Covid / distribution play also .. still digging for other movers

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  8. peaches

    Osama Bin Laden is laughing his ass off from the comfort of his Nantucket compound.

    The weak and stupid blood needs to be bled out if the beast is to survive.

    The south had more guns last time also…

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  9. 'merica

    Imagine when we limit up when President Pence takes the helm, LOL. I thought it was the stable genius that got us here? Then it was ‘the market loves a split gov’. Hmm, guess that wasn’t it either. Maybe, I don’t know, these people suck at their job and good riddance they are gone?

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  10. narcist

    So, Cruz and Hawley think they are running for the 2024 GOP nomination.

    Won’t take long for them to realize the race they got in is the Chairmanship of the Senate Confederate caucus that’s already down to half a dozen members.

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  11. bob smith

    LOL. Love the picture. That alpha male with the horns looks like the typical trump-fawning parasite who has trouble figuring out how doorknobs work.

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  12. Mr. Cain Thaler

    Yep. It’s not over yet either.

    That riot movement that hit Congress yesterday is about the equivalent of a 5 year old.

    The right movements like scene yesterday are principally reactionary to the lefts movement. This in no way excuses their actions yesterday but it’s also true and the movements development is lagging the lefts.

    Membership is a tough thing to define here but let’s say you belong to a movement if you can be moved to join them physically at any rally. I would peg Antifa’s entire membership at maybe 30,000. And that movement is old, it’s already crested and as big as it will ever be. BLM is probably still growing but it’s a very mature organization and it’s actions have alienated needed political support elsewhere. I’d roughcut their membership at over 100,000 and they’ll probably cap out near 150,000. The numbers for Antifa are based on their twitter accounts and the numbers for BLM are me eyeballing the crowds this summer and also using 1% of the black population which yield similar answers.

    The MAGA crowd hasn’t even hit puberty yet. Those tens of thousands of people at that rally and the thousands who smashed through the fence of Congress and the hundreds more who smashed into the building…if this identity politics shit keeps up those numbers could tenfold by next summer and still not be maximal.

    Using the same estimates as I used for BLM and just starting with Trump’s voters as an example, this movement could hit 750,000 no problem. And that’s on the LOW end of the estimates. Independents aren’t moderates and not everyone on the right voted. High end you can get to 2 million easy.

    People in leadership and media need to stop playing with identity politics right fucking now. But if they won’t- and a casual look at twitter and FB tells me they are in fact too stupid to reflect on their own sins and shortcomings here – then at least as the country burns I will take solace knowing that they were inside the buildings when it happened.

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