Microwavable economic epiphany for the lazy or ADD February 23, 2009
Posted by Jeff Nabers in : Money, Personal Enjoyment, Personal Productivity, Precious Metals, Self Directed IRA Solo 401k, real estate , add a commentI’ve written several times about what I believe is one of the most important films ever produced: I.O.U.S.A. The film is 80 minutes long and came out in August of 2008. It’s a project of the former Comptroller General of the United States (our government’s chief accountant). He resigned to make this movie to warn our country about the coming financial train wreck of the government.
A few months ago, I linked you to a shorter, free 30 minute version available on YouTube. If you haven’t taken the time to watch the 30 minute or 80 minute version, then here’s the 2 minute, 24 second version;
[youtube=http://www.youtube.com/watch?v=gGgjU-h_xQw]
^— The hidden track record of U.S. deficits as told by the U.S. government’s chief accountant!
[youtube=http://www.youtube.com/watch?v=-FSoXKapKQs]
^– If you can watch this video and (more…)
I.O.U.S.A viewing this weekend on CNN January 9, 2009
Posted by Jeff Nabers in : Health, Money, Personal Enjoyment, Personal Productivity, Self Directed IRA Solo 401k, real estate , add 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, (more…)
Stock Market Profits: Luck, Insider Trading, Arbitrage, Big Fish, and Geniuses June 5, 2008
Posted by Jeff Nabers in : Self Directed IRA Solo 401k , add a comment
Luck… Doing very well in publicly traded securities is sometimes a streak of good luck. I’ve had a terrific run on the craps table in Vegas many times. Eventually, I run out of good luck. Many people experience the same thing with trading.
Insider Trading… This is when a person has non-public information on which he bases a trade in a public securities market. It is illegal. Insider trading in public securities can lead to imprisonment. Insider trading in real estate and private investments can lead to extraordinary profits.
Arbitrage… This is the act of profiting from the mispricing of assets. When an ounce of gold costs $900 in New York and $895 in Japan, “arb” traders will buy lots of gold in Japan and immediately sell it in New York… theoretically risk free. When dealing with transaction costs, arb trading typically requires (more…)
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