Jason Rines (iThinkBig)

Can the US Government Afford Future Bailouts?

The writer is obviously has no sense of decency, much like our corrupt Congress or Central Bankers. Here is the other historical context: The taxpayer prospective. As more currency is devalued, the rich expatriate or have means to protect wealth. The poor have nothing to add to the tax base. That leaves the middle class. In 600 years of what I will call 'modern economics' the middle class does 1 of 2 things:

1) Physically revolt
2) Voter revolt
3) The nation is conquered. Actually, with all the foreign lobby holding our debt, this in part has already occured. And as they squeeze the middle class, they can expect a giant middle finger at some point leading to outcome 1 or 2. At some point, the foreigners holding a large portion of our debt will get the finger. I am not saying it is right that this happens, I am just stating what is probable at this point.

Economic Outlook: Bracing for a Rocky Road?

1) The Bush Admin was obtuse, no doubt about that but energy forbiddence is a Democrat issue.
2) Glass-Steagall - Need I say more?

Reality is, Bush 41, Clinton and Bush 43 all had the same bad global economic plan, based on 25 years economic theory that has failed. I will vote Ron Paul, both Democrats and Republicans stink.

Corporate Fraud + Government Intervention = Bailout Nation

Gentlemen. Whatever comes down the pike we must stand our ground. We must clean out our own house and visit other nations afterwards to ask for grace periods to repay debt. Our military can protect us domestically without issue but it cannot fight a united Russia/Arab/Dragon simealtanously and if it comes to that, it certainly will not remain a conventional war...

These competitor nations got the best of us and learned fast this last decade. We forgot that we are not the only nation on earth with supercomputers. They had the will, we didn't and Washington made it a heck of a lot easier for these nations to boot. Karl Marx noted in his writings that one day the Marxists will sell the rope for the West to hang itself. He was correct. The mere statement this was made should have forever stayed in our minds, especially considering communism was only recently surpressed by the early 1990's. Globalization was attempted 40 years too early but that didn't prevent the prideful and greedy from trying. Every empire tends to overstrech and receeds. Why are we different? But how we recover from this may be in the end more important to the globe then how we tempoarily fell.

The communists never left, only regrouped as communist light/fascist/socialis... Our friends in Washington seem to really admire Fidels, Hugos, Putin's and Zemin's. But of course, Friedman practically worshipped Pinochet. You liberal sheep are pathetic, but yet almost as pathetic is the semi-liberal sham conservatives. That word has no meaning today except to those visible and not connected whom are now being fleeced into financial extinction and subsequent revolt. Sheep led to the slaughter by a black robed sheppard is a fitting analogy. I guess pandering to liberal minority agendas for votes wasn't such a good idea after all. Ever hear of Judeo Christian values? You know, the ones we founded our nation on?

And meanwhile, the population through pain will learn to come together in sacrifice and change attitudes. Very few of us ran iBanks or were in Congress on the greatest theft of wealth the earth will likely ever see! However, we must demonstrate our leadership. 300 million can correct about 1,000 whom did this. And the 1,000 whom think the military will be firing off rounds at protestors like in Tienemen Square are mistaken.

The Bookeeper, I can help but your office won't make time. You prefer old chronies with no solutions and suffer the unfortunate encapsulation effect. Same as my approach to other older men whom no longer know the way out when the answer is an inch from there nose. I am not all wise, I am humble and spend half my life researching. These men mean well and have some money Bookeeper to educate but no clue how to harnass the collective of the US citizenship and mobilize them. The innovators whom were taught principles will pick up the slack and my job is to connect them all. You money guys just hang out with other money guys. Throwing it up in the air is not a solution. That investment needs to be focused by the entrepenuars. Wasn't this the way America worked at one point?!?! I would have thought you had all heard of a thing called the Internet. I suppose only the Democrat party has. Gee, I wonder why the dumb masses will vote the same House in again this year. I wish you could help, your heart is good. For that, I cannot be critical. If this sounds harsh, it is meant to be for education and action to wake you up. I apologize if you feel my statements are un-gentlemen like but even a gentlemen must strongly point out a weakness here or there in a battle plan.

Why It's Time to Be Invested in the New Recession

Jim Hawthorne is dead on. The fundamentals stink. Perception or mark-to-market accounting scams can only prop up Wall St. so far. Meanwhile, in Main St. people lived beyond means and the liquidity crisis has dried up easy credit. The solution is not socialism which is now being applied. This failed during the Great Depression and it will fail now. All that really is occuring is a contained market collapse and slow motion unwinding of trillions of dollars of counter-party risk (there's your real panic honey!). What needs to occur and is happening despite banker bailout attempts (socialism with besieged taxpayers bearing the brunt) is housing hitting bottom which has not happened and will not for many months. This will erase up to five trillions of fabricated home owner and commercial real estate wealth. In between, we as a country may just want to declare an energy crisis, subsidize $200 B of treasury into alternatives (and I also mean DRILL EVERYWHERE) and create a competing global market for oil meaning new global investment opportunities. This creates millions of jobs, pops the commodities bubble and gives consumers (70% of the GDP) disposable income again. Oh yeah, wouldn't hurt to provide the global consumer more of what they want, abundant energy and cheaper food!

BSC Bailout: Fed Prevented a Domino Effect

The FDIC Chairwomen loves Socialism. All women in power love Socialism. Of course, in 6,000 years of modern history it has never worked. Of course, men have there pride. Arrogance attempting to control the globe through it have global ramifications when it fails. We get both gender problems magnified as far right and far left occuring at the same time. Not a good political system right now - very very bad.

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.

Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard

Good article and agreed. Bad global financials in the West and bring fascists and dictators to the military misadventure table. In the days of nukes I would say it may get very painful before it gets much, much better for our kids and grandkids. If we are seeing a similar repeat of 1929, depression and global war the only good news is it will likely not last a total of sixteen years. However, rebuilding from ashes this time will be God awful.

The Coming Crash of 2008: A Result of Overleveraging

Very bright replies, all of them. In June I forecasted recession Q1 & 2 and recession again in Q3 & Q4 of 2009. I believe we will have a depression if we do not immediately innovate alternative energy as a national priority while de-regulating tapping into our own oil source(s). We must give the global consumer what they want and if we continue down this path of bailing Wall St. and the Central Banks any further, it won't be only Joe six-pack screaming for blood, it will be the entire world. Military misadventures in the nuclear age means a global societal correction nobody wishes to see.

Who Has the Top Prime Brokerage Assets?

I heard UBS was down 11%. I believe Morgan Stanley dropped a buttload of this toxic stuff way early. As for GS, your talking hundreds of billions of liquidity, their stock will also take a big hit, but will survive more then intact.

U.S. No Longer Epicenter of the Financial World

Might also have something to do with zero confidence globally in the U.S. financial system. International confidence will come roaring back with new Administration and Economists willing to stand accountable for their actions. Meanwhile the Middle Class will all become part of the poor class, meaning the U.S. government is coming for the wealthy people to tax the 5% up the yang to support the 95% poor.

Of course, no one is realizing the real truth of this article, because if they did Fed would be pumping $200B into energy (besides commodities further impovershing the real economy), the President would be declaring a national emergency and fiscally responsible banks would be underwritten by the SBA to create millions of jobs alt energy, offshore drilling and ANWR. Gues the President never heard of an executive order?!?! Oh, the President may want to release some of that strategic reserve now. What are they keeping it for? A war we can't afford with Iran?

Can any Administration be more obtuse and filled with the arrogant and greedy?

The Bailout's Pathetic - Here's Who To Blame

Okpulot Taha your comments are fairly dead on. I disagree that the world will dump in money and save us. They are buying are still valuable hard assets cheap and influencing our policy to be socialists and America is just starting and is likely to become fascist as is Russia doing and other nations. Fascism is a temporary way out of giant economic problem and political instability. Global wars are the result.

Do you think about America outsourcing it's defense? If you asked me this in 1990 you would have been laughed at as a conspiracy theorist. Reality is, the world will hate us more for ripping them off as of late causing political instability in their nations and fascism, military misadventure follows. Our country will grow weaker, we will withdraw troops and less educated and violent nations.beliefs will make up the difference in American wealth they were just starting to taste by attacking nations and creating plunder wealth.

This has repeated in history quite a few times, from the Roman Empire to English to French, modern superpowers, etc. Problem is now is the nuclear equation and once one nation starts using them... Well, St. John of the book Revelations, modern statistical probability seers (like myself) and Indian Prophet alike all know society must be leveled and as a race, we will unite by learning through pain to never repeat certain lessons. I don't want this to happen, human nature and thousands of variables tell me it will be so. Consider the Mayans predicted many events with two fixed variables and one environmental variable.

The Big Whoosh: Is This The Beginning?

1) Accountability is important and bailouts are OK but what is not OK is leaving those in charge whom sat at yacht clubs doing nothing still in charge to further do nothing but suck the American economy dry and build new yacht for yacht club. Investors have serious confidence issues and this will need to be fixed before we can fully recover. In this area, a lot of damage has been done.

2) I applaud Fed only cutting .25 points. Time to increase value of dollar, not have a policy that further erodes it. Yes, some banks will fail, mostly the ones mentioned in point number one. Responsible and aggressive private equity and entrepenuar guys will buy them out for pennies on the dollar and will rebuild investor confidence. Survival of the fittest works, it is programmed in our genes. Socialism and redistribution of wealth, does not. The Fed & Treasury must keep this in mind.

3) Invest in alternative energy, ANWR & offshore drilling. $200 B between nuke plants & biodeisel. Give half to the Small Business Administration & Fiscally responsible commercial banks. Those entrepenuars are starving out there and willing to work 80 hours a week but can't afford the gas right now to see 1 investor for every 500 entrepenuars ratio. Innovation is what will return this country to glory, not fat cat immoral bankers at yacht clubs. We need to become exporters of the #1 commodity driving the world and give the global customer what it wants and need - ENERGY.

Bear Stearns Gets Emergency Funding From NY Fed, JP Morgan

I have been disgusted since June. I am over the fear, rage, disgust, etc. I have moved on to providing real solutions as roadmaps to the private sector (alt energy and policy of tapping into our own energy supply) who will be bailing out the system, but the financial system will collapse first.

This will be very temporary but I hope many Americans like government cheese and wheat pasta. 100 million people lost their American dream in the last year and most of them don't even know it yet. I don't feel sorry for American's who got too greedy or acted irresponsible and I agree with Paulson, no bail-out. But we'll bail out those that caused this crisis? It's going to get real ugly before it gets better. Gov, Fed, Goldman type collusion/bailout is the wrong answer. WHo is getting fired for this theft from the American people? Nobody. Wait till these people have a microscope shoved up their ass in a year or two. I will not let America forget who is responsible along with other accountable American gentleman/women, EVER. No free pass guys, your crooks and we'll find you after you skip out of Dodge. Meanwhile, help your neighbors and invest in fiscally-minded entrepenuars in energy, tech and consumer healthcare. That's 80% of the real U.S. economy and critical to national survival and recovery.