I.O.U.S.A.

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For those of you who haven't checked your email or want to go do this elsewhere in the country, here's the final flyer as I distributed it this evening. (You'll have to remove "Massachusetts" and replace it with the name of your state.)

[Porcupine_in_MA]

How did it go?

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How did it go?

I'll let you know tomorrow night, after it actually goes.

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My review of I.O.U.S.A.

As for how the outreach went: I'm still waiting to hear from several people, though the early indications from those who have called or emailed me is that most everyone who was supposed to go out and hand flyers did so, and that the people who were watching the movie received them well. More later.

[Porcupine_in_MA]

My review of I.O.U.S.A.

As for how the outreach went: I'm still waiting to hear from several people, though the early indications from those who have called or emailed me is that most everyone who was supposed to go out and hand flyers did so, and that the people who were watching the movie received them well. More later.

Read your review. Well done. It's upsetting that more time wasn't spent showcasing the Federal Reserve's key role in all of this.

[John Edward Mercier]

Because the Federal Reserve didn't have a 'key role'.
When you household budget looks like crap... its not your banker's fault.

[Porcupine_in_MA]

Because the Federal Reserve didn't have a 'key role'.
When you household budget looks like crap... its not your banker's fault.

So you're saying that the United States having a central bank that print's notes and inflates the currency depending on the government's wants, doesn't have a keyrole in this nation's debt problem?

[JonM]

The movie spent a good big of time on the Fed and had Ron Paul delivering the Fed is bad message as well.

[BillKauffman]

And Warren Buffett wants to keep the estate tax, dividends tax and to reinstate the income tax cuts on the wealthy.

Interestingly though his father Howard was a congressmen from Iowa and very friendly with Rothbard.

http://en.wikipedia.org/wiki/Howard_Buffett

"Buffett is remembered for his highly libertarian stance, having maintained a friendship with Murray Rothbard for a number of years. A vocal critic of the Truman Doctrine and the Korean War, speaking on the floor of Congress, he said of military interventionism that,

Even if it were desirable, America is not strong enough to police the world by military force. If that attempt is made, the blessings of liberty will be replaced by coercion and tyranny at home. Our Christian ideals cannot be exported to other lands by dollars and guns.

Although his son Warren Buffett is well-known for his success as a fractional reserve banker and has criticized gold as useless, his father Warren Buffett was a proponent of the Gold Standard."

[Pat McCotter]

Although his son Warren Buffett is well-known for his success as a fractional reserve banker and has criticized gold as useless, his father Warren Buffett was a proponent of the Gold Standard."

So was Alan Greenspan. Not tying the two together...just saying.

[John Edward Mercier]

Because the Federal Reserve didn't have a 'key role'.
When you household budget looks like crap... its not your banker's fault.

So you're saying that the United States having a central bank that print's notes and inflates the currency depending on the government's wants, doesn't have a keyrole in this nation's debt problem?

Correct. Because the US Bureau of Engraving actually prints notes for use, when the physical demand exceeds supply. The value of the currency is deflated by false (non-market) interest rates. The interest rates are set by the Fed, as an agent of Congress. They are artificially lowered to attempt to maintain a debt/GDP ratio.

The National Debt/Budget Deficit is the direct result of Congress. While the lower GDP is the result of failed policy forcing manufacturing offshore.
You could remove the Federal Reserve and the same phenomena would occur. Check your history, even during the time of the Gold Standard the Congress continued to devalue the dollar in relation to weight in gold.

Social Security was 'fixed' in 1983 (amongst its many other fixes). The excess payroll taxes have been credited to the fund (this year roughly $220B) making the deficit since that time appear smaller than it truly was.
The problem: Congress continues to destroy the GDP... basis for all taxation, and specifically payroll taxes.
                   Congress does not wish the true budget deficit to become known, nor deal with its continuing
                   increase as the 'borrowed' funds are returned through payouts to the retired Boomers.
                   The balance is expected to go into 'equalization' in 206-2018 (depends on that GDP) and
                   will at that time increase the budget deficit continually as general funding will be needed to
                   repay the 'borrowed' funds.

The way out is the same as any household budget... decrease expenditure (Federal Budget) and increase income (GDP). And cut up the credit cards. Other than that what Buffet was alluding to... ride out the Boomer bulge.
That demographic created the economic bubbles and once through will result in stability.