Jason Rines (iThinkBig)

Decoding the Bernanke Fed's Agenda

You said it right Nukldrager. And the first big price we'll pay at default of trillions (or the dollar being worth 10% of what it was five years ago) is the Arabs decoupling the dollar. This will cause a massive increase in oil commodities, more to the tune of $200 which is exactly what GS and Deutche are predicting in the not-so-distant future. For our Congress and Administration to NOT be creating an emergency energy package NOW is gross negligence. It is a matter of when and not an if one or more of these Central Banks goes up in flames, causing the systemic dominoe effect of trillions of dollars becoming de-leveraged (defaulted). This will be a global financial collapse with really only one nation not effected. It's Russia. I guess we all trust the Russian's as the new international monetary beacon right? Americans will be screaming for blood in the next two or three years but will feel fine as Socialism and massive wealth redistribution bails them out in the short-term. So far the Fed has done all it can do, America must innovate it's way out of this mess and the political leadership is inept beyond measure.