$100, 8 Hour CPA CPE

"What Could Happen
After What May Happen Next"

September 30, 2010

8:30am to 4:15pm

Quality Inn
440 Griffith Road
Charlotte, NC 28217

Greensboro CPA CPE

"What Could Happen After What May Happen Next"

September 21, 2010

8:30am to 4:15pm

Drury Inn & Suites,

Greensboro, NC

$100, 8 Hour CPA CPE

"What Could Happen After What May Happen Next"

September 9, 2010

8:15am to 4:30pm

Days Inn, Raleigh-Airport

Research Triangle Park 1000 Airport Drive Morrisville, NC

On Deflation or Inflation: Bo Peng via Tyler and Questions

“Moderate inflation is good.

If a nation prints more money,
like cutting a 16 inch pizza into 12 slices instead of 8,
is each slice worth less?

This has been held as self-evident truth in modern monetary policy.

What if the pizza shrinks while the number of slices rise?

But this will quickly become antisocial as the [...]

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Reason Foundation from Wall Street Journal: China Real Estate Bubble? Profound.

China’s Looming Real-Estate Bubble

A massive Keynesian spending program has misallocated capital and set the stage for a crisis.

…there is mounting evidence that Beijing has misallocated vast amounts of capital, touching off a real-estate crisis that could yet drag the world’s second-largest economy down to earth.

When the global marketplace went into meltdown mode two years ago [...]

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Ron Paul on Accountability and Fiat Money

The FCIC: Passing the Buck

…the federal government’s Financial Crisis Inquiry Commission held hearings as part of their continuing investigation into the causes of the acute economic meltdown which occurred in late summer 2008. 

…The individuals questioned by the commission mostly seem to be diverting blame for the whole fiasco to someone else.

…The reality is that the [...]

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Have we reached the point of Diminishing returns?

…The Diminishing Productivity of Debt Chart
comes from the U.S. Treasury’s latest Z1 data…

…the most important chart of your lifetime.

It relegates almost all modern economists and economic theory
to the dustbin of history.

Any economic theory, formula, or relationship
that does not consider this non-linear relationship of DEBT and phase transition
is [...]

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Has Globalization Peaked?

 …If historians look back on today’s severe downturn
with its crumbling markets, rising unemployment and massive government interventions
 they could well be busy analyzing how globalization,
 the spread of trade, finance, technology
and the movement of people around the world went into reverse…

…For generations, the deficits that we have run this past decade
and the trillions [...]

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Would you rather live in the ascendancy of a civilization, or in its decline?

Sun Could Set Suddenly on Superpower as Debt Bites

…what if history is not cyclical and slow-moving but arhythmic, at times almost stationary, but also capable of accelerating suddenly, like a sports car?

Can non-random events cause random effects?

What if collapse does not arrive over a number of centuries but comes suddenly, like a thief [...]

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US Sovereign Debt Downgrade by China’s Dagong Credit Rating Agency

Chinese credit firm says US worse risk than China

Dagong, founded in 1994 to rate Chinese corporate debt,
says it is privately owned and pledges to make its judgments impartially.

But in a sign of official support,
its announcement Sunday took place at the headquarters of the Xinhua News Agency,
the ruling Communist Party’s [...]

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Andy Xie on China's Multiple Bubbles

China’s Foul Assets, Fouler Yet

…Powerful interest groups have paralyzed China’s macro policy, with ominous long-term consequences. Local governments consider high land prices their lifeline. State-owned enterprises don’t want interest rates to rise. Exporters are vehemently against currency appreciation.

…In the meantime, inflation continues to pick up momentum.

Unless the central government bites the bullet and makes choices, [...]

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Deep economic thoughts, by John Hussman

…we have allowed our policy makers
to borrow and print extraordinarily large band-aids
to temporarily cover an open wound that will not heal
until we close the gap.

That gap is the difference between the face value of debt securities
and the actual cash flows available to service them.

The way to close the gap [...]

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What can happen to consumers in countries with weakening currencies, encumbered with debt denominated in stronger currencies?

Some Hungarian Mortgages And Mortgage Payments Have Just Jumped 10%

…a significant number of Hungarians have historically taken out mortgages denominated in Swiss Francs. They liked the low interest rates those mortgages offered. Unfortunately over the last 6 months the Forint (Hungarian currency) has gone down against the Swiss Franc.

…In 2006 and 2007 80% – 90% [...]

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