I.O.U.S.A. LIVE - One Night Only August 21
Posted on August 14, 2008
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One Night Only!!!
Next Thursday, August 21, 2008 will be your one and only chance to view a documentary that could change everything you’ve ever thought about macro-economics with follow-up discussion by Warren Buffett, Pete Peterson, and Dave Walker, moderated by Becky Quick, co-anchor of CNBC’s morning news show Squawk Box.
I know you’re what you’re thinking… even if you’re lucky enough to live near where this roundtable is being held, you’ll never be able to get a ticket on such short notice. Have no fear…
Thanks to Roadside Attractions and Fathom you don’t have to worry about location. After all, this is the 21st Century, right? All you need to do is locate a traditional movie theater near you. Because on August 21st theaters across the nation will be airing I.O.U.S.A.: Live including the roundtable discussion after the film!
If you haven’t heard of this movie, it covers the history of exactly how America got into the economic mess we now find ourselves and offers plans to get us out of it in one piece! Which is exactly what the financial gurus will be discussing after the film.
As y’all know I’m far from an expert on economic theory, but I have read some stuff by many that can claim the title with confidence. While I disagree with the experts in the film (and those on the panel) about the real solution to the world’s economic woes (we need to get away from fiat currency and back to a gold standard), I agree 110% that something needs to be done and people aren’t exactly carrying torches and pitchforks to implement my plans, so…
I.O.U.S.A. could well serve as the wake-up call that Americans need, not only to get the country out of staggering debt, but themselves as well.
Tags: Anarchy, Becky Quick, CNBC, Dave Walker, debt management, economics, Fathom, fiat currency, government, I.O.U.S.A., Pete Peterson, Squawk Box, USA, Warren BuffettRelated Posts: » Filed Under: Anarchy, Movies/TV, Personal Finance
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This movie is really good at scaring you. Some of the projections are absolutely bone-chilling. But it largely overstates the problem — the deficit is currently at a manageable level of 3% of GDP. And we need to run a deficit in this economic downturn to ensure we don’t have skyrocketing rates of unemployment. The flim also ignores one of the best solutions to the “problem” — health care reform. If our health care system were as efficient as other industrialized nations, and if Medicare/Medicaid were able to take advantage of these lower costs, then our deficit problem would basically disappear. Check out the Center for Economic and Policy Research, they have a nice graphic that demonstrates this well: http://www.cepr.net/calculator.....ficit.html