How can the US refinance the UK in the coming stock market crash and banking crisis?
Rondal Eric Powell
MP, Ind. Sales & Strategy Consultant Inst. Securities, Asset Management & Alternatives at Rondal Eric Powell Consulting
New UK Golf Ball Mortgage/US/UK Golf Ball Lend Lease Program with Sale and Lease back sub-provision and Pawn Shop Facility
The last banking crisis almost bankrupted the UK treasury as the country is so over dependent upon banking to generate enough GDP to pay all of their bills and provide money for UK citizen to live on. Further, the UK Treasury did not make the TAARP profits that the US Treasury earned, refinancing banks and AIG.
As the UK has made not a strategic decision to make their economy less dependent upon volatile investment banking and asset management business in London to feed the country, we need to create a proactive bailout plan for the UK Treasury in the coming stock market and banking crisis and get this Bank of England/US FED approved/sponsored and through the US Congress and the UK house of parliament.
Experience golf balls are a commodity in both the UK and US, where golf is still a serious and fun game enjoyed by men and women at the top and bottom of the food chain. We can use this fact and the vast number of experienced golf balls as the basis for a US sponsored UK emergency financing vehicle. It would have a lot in common with pawn shop economics.
First Component
We list experienced gold ball on a commodity exchange and create futures and options contacts, which can be traded in both the US and the UK. Thus, we have a live and deep market in experienced golf balls.
Second Component
We get congressional approval for the US government to buy up UK golf balls in a financial crisis. The President can declare an financial emergency at any time, and the US treasury will swap US Treasuries for UK golf balls. The US Treasury is authorized to either keep the UK golf balls warehoused in the UK or shipped to the US and lent to US golfers for an annual fee.
Third Component
The UK can pawn its population's experienced golf balls to the US treasury.
Fourth Component
The US Treasury lends the UK Treasury experienced US golf balls, which it can in turn sell on the open market for cash, or pledge them as security for international loans.
While the above may sound ridiculous, it could be practiced with any other liquid and vastly used commodity type products to refinance a Balance of Payments deficit.
This program could also be extrapolated/exported to other countries.
Rondal Eric Powell, Managing Partner, REP Consulting with offices in Frankfurt, Germany and Vero Beach, Florida