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
21,324 Blog Posts

SQUEEZE THE PLEB

The commodity squeeze is on with full force into the winter freeze. Small plebs will freeze to death all across Europe and perhaps here too in the states, all thanks to imaginary supply chain disruptions caused by, inexorably, fuckery largess on behalf of corporate America who do not believe for fucks sake this demand can keep up and instead of hiring more plebs at $15 per hr opt to ride it out — causing backlogs and delays and sheer chicanery.

Now we have oil broaching $80 WTI en route without question to $100 and the US treasury yields are spiking, causing our retarded government to concoct more ways at servicing the $30 trillion they’ve borrowed for the sake of fulfilling the mandates brought forth by the Immigration Act of 1965.

Xmas is around the corner, but before that is Thanksgiving and a meat shortage will menace supply chains there too — possibly to the point of you being forced to carve a delicious BEYOND MEAT Turkey this year at the table. During Xmas, none of your things will arrive in time because ships from China cannot dock at the Port of Los Angeles due to 40 day delays caused by lack of port workers — and all of your children will cry because of it. You’ll need to come up with creative lies to explain why Santa Claus skipped over your house this year, or be brave enough to tell them they were in fact too naughty to deserve any gifts this year. All of this exacerbated by a bourgeois race towards tyranny — people being FIRED from their jobs, “essential jobs” — because they didn’t take the right medicine prescribed to them by the state in the time frame acceptable by the state — ostracized and cast out into the cold as filth, people with potential disease and/or ignorance so acute they deserve to starve to death along with their children.

It’s as if they’re trying their best to collapse this all at once — providing even greater reason to be very long BTC and ETH because fiat currencies are complete shit and one day soon they might all collapse.

Meanwhile, morons are trading pictures on Openseas and embarking on great trades — making 1000x their money in little more than a fortnight. I will tell you this now, at no point along this bumpy market road have I seen more reasons to collapse this market. We do not have the fundamental maladies and leverage of 2008 — but we have everything else.

‘Tis is not the season to bet against stocks and these things are easily forecasted in advance — by watching the bond markets. We have a most interesting scene in the US treasury market now — which in fact if it worsens can lead to a very very crashy equity tape. Presently, keep your eyes peeled to both oil and the 10yr bonds and know the inflation squeeze is on in full force and this will require you to stay focused and not veer off back into penny stock tech bullshit catamite stocks, but instead remain fixed on chemicals, steel, coking coal, ag chemicals, oil and gas and down the line of drilling and equipment services. You will want to remain long the names with HIGH MARGINS you fucking idiots and avoid the one’s with margins less than 50%.

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9 comments

  1. zombie

    $FIG

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  2. bambam

    $FTK

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  3. roguewave

    Will SL have fields where pricing info for small tokens (not tracked by SL) can be entered manually?

    OT Dr Gates has invented a plant based turkey for Thanksgiving. Tastes just like turkey but made of lentil and soy. It’s green though.
    When was the futuristic movie Soylent Green set?
    2022

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  4. txchick57

    I had 50k DRYS before it was stolen from us by hat scumbag CEO in 2019. Can you imagine what that trash would be trading at now. I’d have my own island.

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  5. txchick57

    How about CLF? Will be debt free next year. A cash machine.

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  6. Mr. Cain Thaler

    My only consolation here is that the po-faced little ass wipes who spent the 00’s shuttering nuclear plants, the 10’s building windmills and solar panels and the 20’s so far killing off global commerce all live in major cities and will be on the receiving end of 90% of all economic damage including frost bite and hunger.

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  7. edge

    FCX RIO are my present commod plays. Still short natgas.
    I like oil only for very short trades.

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  8. the_wolf

    I’m still a muthaf’n oil man

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