We recently caught up with Thomas Woods the author of the best selling book Meltdown. Learn what he has to say about auditing the Federal Reserve (FED).
Currently, over 300 [Read more...]
I.O.U.S.A viewing this weekend on CNN
January 9, 2009 By Leave a Comment
CNN to Broadcast I.O.U.S.A. | Obama Foresees Trillion-Dollar
Deficits |
A Bipartisan Plea for Fiscal Responsibility | The Government We
Deserve
CNN to Broadcast I.O.U.S.A.
The public has spoken, and we’ve listened. In response to demand
for information about our country’s financial challenges, CNN/U.S.
will air the broadcast premiere of the acclaimed documentary
I.O.U.S.A. on on Saturday, January 10 at 2:00 p.m. EST and on
Sunday, January 11 at 3:00 p.m. EST. Accompanying the documentary
will be an unscripted panel discussion with policy leaders about
various economic solutions currently under consideration.
This exclusive televised event will air only on CNN, and will be
hosted by Ali Velshi and Christine Romans, co-anchors of CNN’s
Your $$$$$, the network’s weekend business roundtable program.
Throughout I.O.U.S.A.’s broadcast premiere, Velshi and Romans will
engage a distinguished group of panelists, including Pete
Peterson, Chairman of the Peter G. Peterson Foundation and former
U.S. Commerce Secretary; Dave Walker, President and CEO of the
Peter G. Peterson Foundation and former U.S. Comptroller General;
Alice Rivlin, noted economist and former Director of the Office of
Management and Budget; and Bill Bradley, a Managing Director of
Allen & Company and former U.S. Senator and Democratic
presidential candidate, in discussions about issues raised in the
film and their ties to current economic events.
Learn more about the film at www.IOUSAtheMovie.com. And be sure to
spread the word about the U.S. broadcast premiere!
Obama Foresees Trillion-Dollar Deficits
CNNMoney.com reported on Tuesday that when President-elect Barack
Obama takes office on January 20, he’ll inherit an economy deeper
in debt than ever.
Obama commented on the unprecedented deficit, saying, [Read more...]
Bank bailout money goes to CEO bonuses
November 1, 2008 By Leave a Comment
Mark Cuban, billionaire owner NBA team Dallas Mavericks, runs a couple of interesting web sites. In July of 2006, he started ShareSleuth, an online publication that exposes fraud in the stock market. It’s surely worth checking out.
More recently Cuban has launched BailoutSleuth, an online publication aimed at creating transparency of the government bailout of the financial services industry. One of the latest findings seems to be that officers of all of these failed banks are continuing to pay themselves millions of dollars in bonuses. While some other countries have their own bailouts, the U.S. is the only country who has not capped the compensation for officers of the corporations who receive bailout money. Read the details here…
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Turn Doom & Gloom into Personal Boom
October 20, 2008 By Leave a Comment
There are 3 economies to pay attention to:
- Your Personal Economy. This is the one that really matters. The life you will share with your family and friends will be directly impacted by your finances.
- The People’s Economy. This is the wealth of communities of people. You could look at it in terms of the American public as a whole or separated into demographic or geographic categories.
- The Financial Institutions’ Economy. This is the wealth of the people who own banks and financial services companies.
Right now, the financial institutions’ economy is doing quite poorly as a result of foolish decisions. Financial services companies created and bought debt that was not repayable. They packaged investment products in a way so complex not even Warren Buffet could understand them. The Fed has decided to defer and worsen the consequences of their inflationary monetary policy… and now “the economy” is crumbling before our eyes… but which economy is it?
Although often not fulfilled, there is clear potential for your personal economy to be completely separate from the financial institutions’ economy. Your wealth can [Read more...]
