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Jason Rines (iThinkBig)

Jason Rines (iThinkBig)
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  • Nation state behind major cyber-attack on IMF, say experts [View article]
    Correct. How about the SAIC being fed global data from project Carnivore?

    BRIC approached me in 2008 to assist them with a P2P banking network. While I believe such a system would increase global supply chain participation I could not in good consciense sell out my countrymen, even if the IMF and CFR regulars are acting like Monarchs. I am not a fan of 'take the financeers money and kill them with it' type plan. Ghandi is more my style.

    Last point, after 911 I spoke to RC Covozos the DBA at the White House. I had noticed security gaps related to White House staffers. He thanked me but when I asked him how such a thing could happen and he informed me the budget wasn't there to increase security. This explains a lot of why 911 happened in the first place. Tax dollars spent on overseas security instead of here. Dept. of Homeland Security was an overreaction and a poor choice of funds. It should have been poured into cybersecurity platforms that can duel as advanced intelligence gathering platforms. Knowing if the Chinese were living up to particular promises and such.

    The story has a strangeness about it but that is probably because a colleague of mine asked me how or if the Western governments would deflect blame for the depression, possible bank holiday etc.
    My reply was that if I were in charge and wanted to deflect blame I would create a false flag hacking event, blame it on a sovereign nation as to why a bank holiday was needed. I am not in gov but I do understand process of how to protect networks like the IMF.

    I speculate BRIC and the West are in dispute on who sits on top of the management of new, upcoming reserve currency management positions and so Venerability, you may be right about the Chinese attempting to play catch up. In other words, if they feel they only get to be a franchisee and inferior junior partners, they may be attempting to glean supply-chain data. BRICs were struggling then with carrot/stick ratios.
    Jun 13, 2011. 04:51 PM | Likes Like |Link to Comment
  • The anemic recovery is no surprise to Steve Keen, who contends the U.S. has an economy dependent on not just high, but ever-accelerating levels of private debt. In a healthy system, debt levels rise and fall, but remain roughly flat over time. The ever-upward slope of U.S. debt, like a Ponzi, must at some point collapse.  [View news story]
    Dancing, while the demand problem is a factor other problems exist. Some of us will attempt to climb the wall of worry no matter what. The good news is that much of the American innovative culture is still intact.

    However, allow me to list some headwinds for a return to a Save and Invest economy for innovators and investors.

    Increase taxation. For example, UI in NH went from 2.5%-8% in a year. Little lop of the top of margin eh? Anthem rose from $1,400 to $1,600 for family coverage.

    While it has come down a tad since, this form of political unpredictability is very scary for all size businesses.

    Obamacare now in Supreme Court where it is being debated whether it is unconstitional because it is now being considered what we always knew which was an indirect tax on the little guy while hundreds of companies exempted themselves from friends of the politicians club. Or just a violation of the Constitution. America becoming a hybrid of Mussolini Corporatism and the Venezuelian version of Marxism is risk that I cannot completely drive out of my mind.

    States using social politics as revenue creation vehicles through fine issuance which encourages frivilous lawsuits by employees. Should be like U.K. Loser pays legal costs.

    New higher bar of wealth what constitutes an accredited investor. This dwindles the availability pool of funding. Also in this set of regulations are now periods of required SEC approval. Yep, the big guys have lots of loopholes here as well.

    So until the Fascist bullshit stops, I have to consider reality and I see nothing but risk. As mentioned, less demand is less of a problem in my mind.

    I am in the middle of the spectrum, the worst place to be in these kinds of times. Not rich enough to escape taxation and not poor enough to go on the dole, smoke week and veg out on Nintendo eating Captain Crunch.

    But what I can do is make sure and limit my productivity so I have less to steal. That stellar productivity record of Americans (those of us that consider ourselves productive) will now unsurprisingly erode. The rentiers will see ever diminishing returns until more of them start funding reform to level the competitive playing field. Those of you doing this now, I thank you.

    I hope these insights help. As for Keen, the man is brilliant. I advised President Bush through Jeb to declare an energy emergency in 2008 and let the banks firesale themselves. Also, that Hanky Panky was going to show up in September hat in hand and he would ruin Bush's legacy indefinately. I am certain an up-and-comer like me was not the only one suggesting such long-term strategies. That is after all Keen's conclusion is a return to a Save and Invest economy.

    I am trying folks, but I will not wait around forever to see if this Fascism is going to morph into either WW3 or Soviet Union part deux. Washington, shit or get off the pot.
    Jun 13, 2011. 02:09 PM | 1 Like Like |Link to Comment
  • The anemic recovery is no surprise to Steve Keen, who contends the U.S. has an economy dependent on not just high, but ever-accelerating levels of private debt. In a healthy system, debt levels rise and fall, but remain roughly flat over time. The ever-upward slope of U.S. debt, like a Ponzi, must at some point collapse.  [View news story]
    I agree with you. But I hedge for three months of winter like the animal kingdom does and call it a day.

    Fear is not always healthy, especially when it is promoted top down. The opportunity to benefit is the right place to focus on an individual and national reform basis.
    Jun 13, 2011. 12:38 AM | Likes Like |Link to Comment
  • Remember when the White House promised to roll back regulatory burdens on the private sector? Facts speak louder than words: Since March 2010, federal regulatory agency employment has jumped more than 5%, while private jobs have grown just 1.5%. Maybe all the regulatory hires are for folks to cut red tape?  [View news story]
    Now all of the dumping just happens in the East where American citizens get to pay for the dumping indirectly through trade imbalance. The nanny state in every facet of our lives is non-sustainable.

    Current regulations favor mega corporate/government alliance also known as Fascism. 260,000 middle men lobbyists in Washington. How many Czars in Washington now? 40 last I counted in 2009z We the People are drastically underepresented. Until the small can compete the country won't grow further. So while individuals on the right and left offer some constructive criticism I can relate to, the biggest problem to solve is at the foundational level.
    Jun 11, 2011. 05:27 PM | Likes Like |Link to Comment
  • In Dimon Versus Bernanke, Dimon Wins by a Knockout [View article]
    Dimon is as grateful to the government as JPM and the big six IB's were to the taxpayer raising credit card rates 30% and kiting depositer accounts charging $50 a pop for overdraft fees.

    Washington and NYC are the twin towers. Like JRR Tolkiens Lord of the Rings trilogy. When this government be it the U.S. or America 2.0 overdue it on bankers like in Nazi Germany, I will not be a bit surpised but these individuals sure will be.

    Thanks for the new mini dark ages @ssclowns. Databases from these days will make sure history cannot be so easily rewritten like lost details of who funded JPM' and HW Bush buddy Adolph. This time was different. None can avoid the mirror now held up in front of humanity.
    Jun 9, 2011. 06:59 PM | Likes Like |Link to Comment
  • Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year.  [View news story]
    I expanded my cranium by reading childrens books on audience segmentation. So when I think big here I typically provide some form of economic analysis or raw opinion on what the data says. I go to Open Democracy when I want to spew out raw political vitriol without debating any facts and let my feelings flow....
    Jun 9, 2011. 01:55 PM | 2 Likes Like |Link to Comment
  • Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year.  [View news story]
    I bet you weigh about 300 yourself and don't stand up from the computer chair more than an hour a day. Do you have any economic insight to add to this discussion. No need to answe union boy. This is why our jobs went to China in the first place while financeers chuckled.
    Jun 8, 2011. 09:34 PM | 6 Likes Like |Link to Comment
  • Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here."  [View news story]
    Who controls the debt punchbowl Tack? Stop being disingerous. Independence has been compromised. The whole damn U.S. brand is tarnshed beyond repair. Good times await! (sarcasm off).
    Jun 8, 2011. 04:37 PM | Likes Like |Link to Comment
  • Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here."  [View news story]
    Vendor finger pointing at its finest, going both ways.
    Jun 8, 2011. 04:35 PM | Likes Like |Link to Comment
  • Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here."  [View news story]
    Oh come now 1980XLS. She isn't even on the thread to defend her Marxist ideology.
    Jun 8, 2011. 04:28 PM | Likes Like |Link to Comment
  • The point was made clear in today's warning from Moody's and should not be missed: There's no such thing as a "technical default." If the U.S. doesn't resolve its debt ceiling game of chicken soon, it will mean "default," plain and simple, with a downgrade to follow.  [View news story]
    I own a Small Business and vouch for your conclusion.

    1) NH UI went from 2% to 8%. I terminated a friendship of almost thirty years because he had decided last year to continue his UI "vacation" as he put it. He is only back to work because the UI ran out.

    2) Healthcare. I hire full-time workers with a 90 day orientation period or let's be frank and call it a trial period. Family coverage (what most adult and skilled professionals need as a primary bennie) increased from $1,400 per month to $1,600 per month. That plan is Anthem, Plan A (best). Think about the total annual for a second. $19,200.

    I will launch another survey at the end of the month and publish the results like I did on the consumer deleveraging question the Fed posed to the general public on their blog. Then we will know in which priority of increased cost verse lowered demand is hurting the job market. Low demand as the only reason politicians and MSN spout is only part of the equation why labor is remaining soft.

    3) Government sponsored extortion. Empires over expand. When they do, the rich escape taxation and the poor have nothing to give. The Empire receeds and to fund itself to prevent extinction, taxes the middle class. Government "protections" such as sexual harrassment laws encourage struggling employees with declining purchasing power to sue their employers. And boy do they!

    Of course the State is really only looking for a hefty fine and could care less about the individual. In other States where there are more minorities it is race discrimination. In NH, I was charged with "gender" discrimination. The State didn't even both to check the UI payroll roster and see I had an EXACT 50/50 ratio. Thanks for the downward mobility! Loved wasting thirty hours of my time answering the three feminazi's calling themselves a 'investigative tribunal'. No I didn't settle, I prefer being the sticky guts in the machines wheel then capitulating like a little boy hiding behind attorney also preying off the extortion racket.

    I had an IRS agent in my office last month claiming I was "missing forms". My bookeeper faxed them to him an hour later. Good thing I have to spend $60,000 a year on accounting between a bookeeper and CPA on this particular $1 M of gross revenue right?

    Now scale this sum and percentages to my other ventures. Getting the point folks? I could get buy with Quickbooks alone without 'professionals' if it were not for this uncompetitive U.S. landscape.

    4) Financial fraud. $600 in fraudelent billings last month in May alone my monthly personal bills are $5k a month. $3,000 are for financial services representing 20% monthly fraud. Yay! 28 days, hidden fees, late charges on currently up to date bills (even factoring in 28 day). Gee. Why am I avoiding looking for credit like the plague? Of course even if I wanted it I couldn't get it since RBS kited eight checks from my business account which bounced damaging my 720 credit. That was two years ago, I don't bother trying to be a good FICO doobee but hedge against amorality instead. (There Chairman Bernanke and Fed Executives). Your destroying your customer base so they can look at tall black obsolisks in Chigaco, D.C. and NYC from cardboard boxes.

    5) Inside leadership all on board looting the system instead of attemping reform and setting themselves up in China, their nice new baby. Of course they are unaware of the bait-and-switch in their stupid hubris. But the inside CFR's love their new baby pet. *uck you Kissinger and devil worshiping tri-lats. The 4D model kills triangulation and the only real reason I have an once of respect left for Goldman, because they bought into Facebook and understand, triangulation is dead or soon will be.

    As a Small Business owner, what's not to love out of all this?!?!

    If real financial reform does not occur in 2013. Goodbye and good riddance to staying here in America. I had planned on staying no matter what but my family is well educated and no longer feels safe here with jackbooted thugs kicking down doors. I'll have to admit to myself that I will be far too tempted to open fire on them and I abhor violence. All those taxes for security funding international investments didn't leave much for my own country. WHY 911 HAPPENED IN THE FIRST PLACE.

    Thanks for the opportunity to rant, ahhhh that feels better.
    Jun 8, 2011. 04:06 PM | 2 Likes Like |Link to Comment
  • Jamie Dimon (JPM) challenges Bernanke after today's speech: "Has anyone bothered to study the cumulative effect of all these [regulations]" - that it could be the reason it's taking so long for credit and jobs to come back? Bernanke essentially says no: "it's just too complicated. We don't have quantitative tools to do that... There is going to be some trade-off here."  [View news story]
    The outline is brilliant. But I cannot support the Federal Reserve in 2013 when its charter comes up for renewal. It was their job to pull the punchbowl away. Those educated know what happened instead. Making the American people backstop $9T in counterpary swap fees in a global market most Americans don't even play in?!?

    The other debt of spending beyond means and current bank bonusing ia $5T.

    Sorry gentleman you need a "time out". Right idea Chairman Bernanke to evolve and bring Democracy to Central Banking but your out of time. Should have given the finger to your mentor Alan Greenspan sooner.
    Jun 8, 2011. 11:37 AM | 2 Likes Like |Link to Comment
  • Obama: No fears of double-dip recession [View article]
    Alan Greenspan, May 2007: "The chance of recession is 25%."

    Jason Rines: August 2007: "Chance of recession is 100%; chance of depression is 50% with Washington being the wild card."

    Do some searches here under my screen name ithinkbig to see more prescient, wealth saving and building forecasts. I hate vanity, but do love my American people.





    Jun 7, 2011. 03:17 PM | Likes Like |Link to Comment
  • The point was made clear in today's warning from Moody's and should not be missed: There's no such thing as a "technical default." If the U.S. doesn't resolve its debt ceiling game of chicken soon, it will mean "default," plain and simple, with a downgrade to follow.  [View news story]
    Simple: Just do not renew the Fed's 100 year charter in 2013 and give up the delusions of empire and vassal states to tax. The funds wind up in tax havens outside of power centers in any event. That horse left the barn long ago. Taxing a systemic private money business model is whistling past the graveyard. The Federal Reserve compromised their independence and they have destroyed their own franchise. Confidence will not recover now while they remain at the helm.

    China/Russo alliance and the EU can now be considered direct competition at this point.

    Encouraging competition and restucturing American monetary system and calculating TRUE debts to bondholders and sufficient haircuts should come on American people's terms in 2013.

    If as a bonholder you were not sophisticated enough to bail after having the majority of holdings made whole on the taxpayers dime you're likely to be burned one way or the other by a sovereign be it America or the other two empires.

    Bring the troops home to guard our borders while we become largely energy independent, restart manufacturing and let the EU and Russo/China alliance duke it out for King of the Hill.

    Monetary union without political union is an absolute failure. Always was and in our lifetimes, always will be. For bankers its either exit gracefully or face charges of sedition and treason, they just don't know this yet so are out busy raping maids pretending to be gods. Maybe they have a special temple to Dionysis.

    Too strong a plan for you USA First? Then be prepared for the United States to become the next Mexico where wealthy individuals live in gated communities with heavily armed guards to prevent kidnapping of family members but where clever criminal networks find a way...
    Jun 6, 2011. 01:07 PM | Likes Like |Link to Comment
  • The New Yorker's James Surowiecki laments the political "demonization" of Elizabeth Warren and the Consumer Financial Protection Bureau: "It’s profoundly misguided, because Warren is far from the anti-capitalist radical that her critics (and some of her supporters) suppose. Indeed, an empowered CFPB could actually be a boon to business."  [View news story]
    I agree with you. My monthly bills are roughly $5k per month. Out of that $3,000 is mortgage and financial services, including insurance. Last month there were $600 in fradulent additional charges, fees. That is 20% financial fraud in all my household billings. As a Small Business owner I will not make further substantial investment into the economy while this clumsy, butt raping method of recapitaling banks continues. So go ahead Washington, use your diminishing power to marginalize consumer advocates like Warren. Your accelerating your own demise.

    2013 Fed Charter coming up for renewal. Not reigning in your boys means you will be out of America. Foreign rentiers attemping to destroy America's sovereignty is treason. It's like the cheater in the movie Casino. You can walk out intact with previous ill gotten gains or attempt to continue the Ponzi. Watch the clip yoursleves Jack-asses.
    Jun 6, 2011. 12:25 PM | 3 Likes Like |Link to Comment
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