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Jason Rines (iThinkBig)

Jason Rines (iThinkBig)
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  • 80 people arrested at 'Occupy Wall Street' protest [View article]
    Sep 25, 2011. 11:48 AM | Likes Like |Link to Comment
  • Why We Should Take Goldman's Yuan Prognostications Very Seriously [View article]
    You nailed it again Tx Tim a basket of currencies that all float is a true fair and free global market. The U.S. easily could have stopped the imbalances.

    The behavior or inside leadership was criminal at best, treasonous at worst. The sociopaths that don't even have enough brights to exit and continue running our country are pyschopaths. That most definately includes bankers because "The hand that gives will always be above the hand that takes." - Napolean Bonaparte

    "The bankers own the place" - Dick Durbin

    Here is the secondary issue after criminals have exited. That is that the last four decades, Congress has increasingly abdicated its fiscal responsibilities to bankers. Now that the money multiplier is negative and debt complete, who is there to take the reigns of fiscal policy in a low organic growth era? This gap can be closed using the Internet to first discover underutilized value that can be invested in followed by structural reforms by the people themselves. This also has a mitigating effect on civil angst. Hell, even Trichet is recognizing the need to have outreach and debate between the people. But really this would be to have the people solve their own problems which they will anyway.
    Sep 22, 2011. 04:36 PM | Likes Like |Link to Comment
  • Why We Should Take Goldman's Yuan Prognostications Very Seriously [View article]
    Fantastic summary Tx Tim! Clinton and Sr. Repubs signed off for these agreements in the 1990's a you explained and why I quoted Clinton's personal attitude toward the American people.

    I meant to put GWB name under the second quote, because Bush kicked the can when it was glaringly obvious to me and others that by 2004 the trade has peaked and only insider self-interest was allowing it to continue at the detriment of both the American and Chinese people.

    The debt issuance masked what would have more clear to the American people as to why their household balance sheets were eroding.

    From here, it looks like China will continue increasing wages which has a marginal effect of strengthening the RMB which we have seen. I believe the reserve currency status should wait several more years until both countries have stabalized our situations. But the CB's will move ahead anyway.

    So I will have Yuan in 2012, hold until 2013 or 2014, final massive sharp devaluation comes for U.S. and sharply up for RMB and use the Yuan to purchase equities that overshoot on the downside.

    Anybody care to comment on this strategy?
    Sep 22, 2011. 04:17 PM | Likes Like |Link to Comment
  • Why We Should Take Goldman's Yuan Prognostications Very Seriously [View article]
    Fell for it? It was great for Bankers and the politicians they bribed to continue the imbalance. Its called CORRUPTION:

    "American have too much freedom." Bill Clinton
    "We had to compromise capitalism to save it."

    The imbalances resolved now will cause conflict. And no, not myself of 300 million American are going to give up our freedom. This is the real problem with the Ping-Pong strategy and a Chinese reserve currency. The two cultures of West and East are not fully harmonized. Another way to look at it is that monetary union withouth political union fails and as stated, being free is not only a God given right, it is engrained in the American pysche. For the Chines peg to work, it requires full participation in the supply chain, full investor confidence. Mandraking the currency peg always caused unforseen consequences and that was between Judeo-Christian value system nations, never mind two vastly different political systems.
    Sep 22, 2011. 10:52 AM | Likes Like |Link to Comment
  • Why We Should Take Goldman's Yuan Prognostications Very Seriously [View article]
    Where is that SA user that has the Mexican as a picture and calls himself Sold From Above? Because that is what happened to America. Hey, if I am leadership in China and America financeers fund politicians to sell the people out. Wants to give my people multi-decade advantages of the means of production in exchange as pittance of personal wealth for American leaders only I WOULD be gleefully clapping my hands too!

    Some new House members should be making a quiet deal now for enforcing the exit of particular actors that will push the countries to conflict that has huge risks and unlikely to be contained. I am aware the Chinese reserve currency coming has been a feature, not a bug.
    Sep 22, 2011. 10:26 AM | Likes Like |Link to Comment
  • Is Bernanke Robbing The U.S. Taxpayer? [View article]
    Kevin, you seem very bright. May I make a professional suggestion in response to commentators? Be quick to compliment, slow to criticize.

    Perhaps PEhrlich should not have assumed you were condoning violence. I myself didn't get that takeaway but reference to the French Revolution sets off alarm bells not only with Bankers but also in the investment community at large.

    The money multiplier is negative. Debt saturation is global. The Bankers won the world! But Bankers make loans, they don't do fiscal policy, in other words do not have the temerity to run it or even spend much time with management to do so.

    Congress chose to ignore the trending down of the money multiplier and the increase of accelerated outsourcing, the massive (and unsustainable) trade imbalance for years and did nothing. The Banking lobby put the entire Western world into a pickle by further encouraging Congress (and other international Western governments) to abdicate its fiscal responsibilities.

    Chairman Bernanke is stating the truth that monetary policy can go no further. He was saying this a year ago. The failure of the Central Bankers is that they are supposed to act as stewards, looked at by the public as jerks for taking away the debt punchbowl. That is their real value proposition, not spike it with so much Vodka a majority of Senior High School adolescents get toxic and dies the next morning after the Prom.

    So while the CB's and PD Investment Bankers gave themselves some room through political corruption I believe they are waking up to the reality they are not gods and tampering with the ability for a sovereign to rule itself results in risk of revolution, war and possible later retribution to themselves after such a series of systemic failures.

    I speak to retired CB's. Some are trying to make the CB model democratic to the public while others work on new 'brakes' in the model.

    Bottom line is that Central Banking will evolve or vanish, all business models eventually do.
    Sep 19, 2011. 12:46 PM | Likes Like |Link to Comment
  • Lining up with recent comments from Republican presidential candidates, John B. Taylor - of the "Taylor rule" - says the Fed's dual mandate of full employment and price stability should just be one focus on price stability. Many of the central bank's discretionary actions have led to more unemployment, he argues.  [View news story]
    Golden, I prefer taxing consumption instead of taxing income which Mike alluded to being in favor of a Fair Tax. Federal Income tax was established immediately after the Federal Reserve.

    Taxing income promotes Fascism. As we saw in the 1920's and 1990's all it takes is a corrupt batch of leadership to start sliding down that slippery slope (we're near the bottom of the hill).

    One main area Chairman Bernanke and Ron Paul agree on is the readily available means of backing away from Fascism which is to tax consumption and not income.

    I could explain other tangible benefits of a Fair Tax but it seems your frustration is any tax is bad. I once felt this way too because the frustration you feel is likely linked to what the funds are
    appropriated for. How could 911 happen when America spends trillions being the global policeman?

    The answer is that our leadership was pissing our funds away having our public military 'nation build' (read babysit senior insiders personal investments). The other portions domestically being pissed away on political aggrandizement (read vote buying).
    Sep 18, 2011. 12:33 PM | Likes Like |Link to Comment
  • Is Bernanke Robbing The U.S. Taxpayer? [View article]
    First a compliment. For a Chariman of a Central Bank, Chairman Bernanke has earned my respect for being upfront about the duration of the depression, his best guess was 2015.

    Central Banking is a model. Blame the model, ignore the man behind the curtain. The question that really should be asked is if it is beneficial providing politicians cover to make promises that can't be kept, encourage moral hazard in extremis and have a one generation out of three be decimated.

    The selling point or reason Central Banking was established was to avoid panics or what we call recessions. Since our species is imperfect, getting rid of recessions (malinvestment) is not possible to begin with. And as for mitigating effects, well how many recessions have we had since the end of WW2? I think the number is 11.

    Last, world wars have begun by the leverage games of nations and now that mankind is in an age of WMD the outcome could well be horrific.

    My best guess is that Central Banking will be a direct government utility within a decade if world war emerges. If not, it will evolve to better support government fiscal policy.
    Sep 9, 2011. 12:33 PM | Likes Like |Link to Comment
  • Philly Fed Shows Bleak Economy Headed for Nosedive [View article]
    Mr. Borenstein,

    Surprised you pontificating on the economy again after being so dreadfully wrong in 2008. I wonder how many people suffered losses at your piss-poor advice?

    Just a reminder of my forecasting vs. yours:

    I posted these warnings not out of some foolish sense of vanity. It was to protect 'those with an ear.' In other words, I give a shit about my American countrymen. What is your objective in (horribly wrong) pontification?
    Aug 18, 2011. 01:11 PM | 5 Likes Like |Link to Comment
  • The Sad End of Monetarism [View article]
    I already did a plan for a digital publishing company that would provide facts and debate. The neat thing is that it also detects underutilized value. Think digital Random House and the functions it performs in the offline world like fact-checking, peer-review and information libraries.

    The innovators are doing their thing in America. I think your right Economic Analyst that a few decades of depending on government has damaged our societies ability to self-start. Capital was malinvested, considered 'risk-less' returns. Easy index investing (but certainly not sustainable). The Greenspan Put is the best way to net out.

    So now capital is scratching its head as growth tops out globally since the leverage game is over. When it comes down to actually having to do HARD work in due diligence, capital is squeemish. Everybody wants investments based on OPM and large mega-projects that no longer exist. And government added plethora of regulations since 2008 crushing potential seeds.

    I believe this election is the last in terms of deciding whether the USA becomes a Despotic regime (after Fascism this is usually the case) or the government can free itself of capture by Central Banking and purse Capitalism. If the latter occurs, I expect world war straightens this all out the very messy way.
    Aug 18, 2011. 09:29 AM | Likes Like |Link to Comment
  • Krugman's War Cry Won't Avert Depression [View article]
    Bingo Matthew. Just like the Boomers, they voted in their own interests. The solution for renewed growth is lower costs energy. To facilitate this goal requires a sovereign to lead on R&D and lift restrictions on compeitition. It won't happen with a captured government by a foreign owned Franchise Central Bank.

    This government sold out decades ago and now we are approaching the end of our first Republic. Either by war or military coup, we should consider what we want next in terms of a political and monetary system.

    As for the article, I am already helping ageing family members. Their attitude is certainly to expect their lives to remain easier as mine requires much heavy lifting AND planning. The attitude is beyond annoying but I do understand human nature/behavior patterns are cyclical. You Boomers should have enforced two slogans though:

    1) Buy American
    2) Question Authority

    Both would have led the voters to undertand the danger of monetariast mandraking the entire boat from West to East for a pittance and shackling the financial sector. No worries. Us young-ins will do what we always do. Overeact. Probably not good to si k long term investments into TBTF banks.
    Aug 17, 2011. 11:50 AM | 1 Like Like |Link to Comment
  • Republicans pounce on the Atlanta Appeals court ruling against the President's healthcare law, saying it confirms their argument: "ObamaCare" must go.  [View news story]
    Lowering costs Dana requires increasing competition. Government is directly involved in all major markets picking winners and losers. That is not capitalism. America is Fascist.

    Until this changes and American innovators have a chance to compete, your argument looks silly. Let me guess, you are not in a position of trying to compete against the five Apollo Creeds in the ring vs Rocky Balboa, are you?
    Aug 13, 2011. 02:27 PM | 1 Like Like |Link to Comment
  • Wealth Disparities in U.S. Approaching 1920s Levels [View article]
    Good point Roises, but it goes far beyond that now into international governance from two bodies: CFR & BIS.

    Ever watch Bloomberg on T.V.? One of the most telling media slogans I heard last year was "News from those shaping your world in Davos".

    Of course, these people 'shaping our world' are now pissing into the wind of the decentralization cycle. Evolution my dear Watson. But they did screw up by not attempting to bring more people into the political process. Now not only pain of decentralization arrives but with it nasty effects from backlash of hiding from six plus billion people. Dumb asses.
    Aug 12, 2011. 09:14 AM | 1 Like Like |Link to Comment
  • Wealth Disparities in U.S. Approaching 1920s Levels [View article]
    The rich become richer the larger the pendulum swings of imbalance. If the middle class screwed up, it did it by not limiting the power of unions by the 1970's.

    Then the middle class screwed up by being in a debt-induced coma when the backlash of over unionization caused massive outsourcing.

    But I will say this. If I have to choose between imbalances, I will take a producing economy of a consumption economy. Your in finance or a banker Greenzulu. I can tell.

    The money multiplier is negative. Monopolies created by public-private partnerships (hangover from post WW2) aka Fascism is now forcing a massive decentralization cycle. And let's face it, monopolies do not disband themselves. Fascist governments nearly always betray industrialists. Part of the evolutionary cycle of short-term rebalancing before the next pendulum swing.

    Nothing wrong with being rich. The American people will continue the acceleration of closer scrutiny on who is donating the majority of funds through lobbyists to lock out all competitors. Three quarters of the funds come from banking so now people or call them 'market' are finishing the job destroying them slowly but surely. The inevitable result will be nationalization and I speculate after the coming world war banking becomes a public utility. Try some humility, it might save your head some day.
    Aug 12, 2011. 09:06 AM | 1 Like Like |Link to Comment
  • Sources say the ECB is considering purchases of Italian and Spanish sovereign paper on a massive scale. Such a move would be a significant change in policy, turning the ECB into a Fed-like lender of last resort, and taking lead responsibility for fighting the crisis away from the EU governments.  [View news story]
    I no longer provide defensible positions to American in Paris.
    Aug 7, 2011. 09:29 PM | 1 Like Like |Link to Comment