Jason Rines (iThinkBig)

A Run on Central Banks?

This article is dead on. I wrote exactly this theme in part of a total economic solution to the Administration back in March. When guys like me seeing proposed $300 B mortgage bailout for the irresponsible, house flippers and gamblers I get more then nervous!

Institutional Investors flocked to commodities simply because of the loss of confidence in our entire U.S. financial system. Higher margin calls and eliminating loopholes, leverage etc certainly need to be considered as part of the fix in commodities and easing inflation, but this is only part of the over-all economic solution back to American prosperity and economic might.

A big part of my plan was a $200 B Treasury backed subsidize into energy independence backed by Treasury. This would move money back into America instead of offshoring it, or hoarding through commodities. My philosophy is give the global consumer what it wants, more affordable energy, agriculture and metals. Energy is the key driver to becoming a massive exporter again of the other two. It would fix the investment bank balance sheets but more importantly create millions of sustainable jobs and long-term wealth.