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
22,033 Blog Posts

PUTINS SAYS EUROPE STANDS TO LOSE $400 BILLION DUE TO SANCTIONS; MARKETS COLLAPSE THE OPEN

UPDATE: NASDAQ BACK TO SESSION HIGHS BECAUSE FUCK YOU.

It was a nice open, but it’s all dust now — as the market descends back into hell and anarchy. The price action today is especially deleterious because oil is off by 4.6% too. This sort of trading is on par with RECESSIONARY DOLDRUMS and we should soon expect to be ENTREATED with bad economic news.

I’d also like to rattle off a series of comments made by Putin today.

PUTIN SAYS IT IS OBVIOUS THE RULES OF NEW GLOBAL ORDER WILL BE SET BY STRONG AND SOVEREIGN STATES

PUTIN SAYS RUSSIA ENTERS THE NEW ERA AS POWERFUL AND MODERN COUNTRY

PUTIN: WE WILL DEAL WITH WESTERN COMPANIES TOO

Putin:

Sanctions “blitzkrieg” against Moscow never had any chance of succeeding

EU could lose more than $400 billion due to sanctions, which he says would rebound on those who had imposed them

Putin: “Everyone who wants to continue to work/cooperate with Russia is being threatened by the United States.
However, this shows if real leaders are at the helm of a country or not”

Putin: Our partners in the West deliberately undermined international foundations in the name of their geopolitical illusions

PUTIN SAYS SOME GLOBAL CURRENCIES “ARE COMMITTING SUICIDE”

Putin: “The United States, having declared victory in the Cold War, declared themselves the messengers of God on earth, who have no obligations, but only interests. They seem not to notice that new powerful centers have formed on the planet

PUTIN SAYS UNITED STATES IS PRINTING MONEY AND SNAPPING UP FOOD ON GLOBAL MARKETS

And also…

Gazprom to reduce its supply of gas to Italy’s Eni by 50%

EU: RUSSIA IS USING GAS SUPPLIES FOR BLACKMAIL.

CHINA’S PRESIDENT XI SAYS CHINA-RUSSIA COOPERATION IS SHOWING GOOD MOMENTUM ACROSS THE BOARD

What exactly is going on here?

The West meddled in Ukraine and thought Russia would do nothing and just take it — because hubris. Russia invaded Ukraine and the west went all in with supplies and financial weapons, but failed to plan ahead in terms of needing Russian energy and food supplies and now find themselves in a position whereby their ally in Ukraine is losing 1,000 soldiers per day against a barrage of Russian artillery and now facing down the barrel of zero food and energy coming from Russia as a result of this rift. This isn’t even about the war per se. This is basic planning and the western countries are ill equipped to fight a war against Russia, let alone fight a financial one when the winter is coming and the cold winds sweep through Germany.

The fact of the matter is, and this should come as no surprise, Russia is winning the war in Ukraine and due to the logistics of the situation there is very little the United States can do about it and it’s astounding to me to see these mistakes being made over and over and over by seemingly incompetent people, unserious people. And now we deal with the consequences of their poor and corrupt leadership.

Markets are down 220 Dow and the NASDAQ is barely up, having given back more than 150 NASDAQS since the open. I am 10% FAZ, 10% TZA and 80% cash, down by 30bps.

Embarrassing.

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3 comments

  1. Cricket

    Russia’s mano-a-mano with Ukraine is proving to be one of the most challenging military conflicts ever.

    Mountainous, rugged terrain, plains, forests, beaches, sea, rivers and lakes. Densely populated urban areas and industrial works.

    The Ukrainians making them fight for every last inch, using a scorched earth policy when in retreat; planting explosive devices in chemical factories and land mines in forests. Shelling civilian population centres in the Donbas, reducing cities there to rubble.

    Tanks, rockets, cruise missiles. Signals intelligence that can pinpoint enemy targets with great precision. In WW2 there were spotter pilots to chart enemy troop movements but today both sides use hundreds of drones.

    And yet the Russians just keep relentlessly advancing. The Ruble this year is reportedly the strongest currency in the world against the dollar.

    This has got to be worrying western elites.

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  2. helen

    What a cocksucker!
    All the letters littering yur shitty write-up, point to admiration and rooting for russia and disdain for the West. Let me get this through your thick, stoooopid maga head. The West doesn’t loose. The West baited that rotten brain weasel, putin into this, and he fell for it. He himself drove russia 200 years back and a few short months from now, they’ll beg you to buy their oil (and everything else they have, including their women) for pennies.
    This is russias Vietnam to the power of 5!
    and just in case I forgot to say this: You and everyone with this kind of traitorous views have decayed brains and are cocksockers!

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      “The West doesn’t loose.” That mangled sentence about sums you up. We may lose, however.

      The West that didn’t lose was led by people like Roosevelt or Reagan.

      Our alliance is helmed by a geriatric parade of clowns; rainbow makeupped purple haired weirdos, men in dresses, feminists playing pretend and an assortment of mousy cowards who don’t even understand why attacking your own supply chains when you aren’t energy or food self-sufficient is a bad idea.

      We already lost, Helen. We can’t win with people like you.

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