$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
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Why would some of one generation
want to covertly confiscate another’s wealth?
It is grossly irresponsible for the baby boom generation
to expect [...]
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August 12th, 2010 | Tags: Accounting Ethics, CPA Continuing Education, Debt, Generational Ethics, Great Depression, Journalism Ethics, Political Ethics, Social Security, Statistics, UnemploymentIf you tell a lie big enough and keep repeating it,
people will eventually come to believe it.
The lie can be maintained only for such time
as the State can shield the people
from the political, economic and/or military consequences.
Joseph Goebbels
Statistics mask real economic pain
The jobless rate improved this week. It’s now [...]
…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 [...]
If workers earn, pay taxes, spend, save and invest,
while retirees divest, downsize, budget
and draw income and healthcare benefits,
what’s going to happen when more retirees want
what fewer workers may not be able to deliver?
It is incumbent on government to convey to future retirees
that the real resources currently promised to be available on retirement,
will not [...]
The annual report of the trustees for Medicare and Social Security…said the Social Security program is projected to pay out more in benefits than it collects in taxes for the first time this year and next year.
…The trustees report said that Social Security pension and disability payments will exceed revenues for this year and [...]
Trustees: Medicare hospital fund extended 12 years
The annual checkup of the government’s big benefit programs for the elderly show that the Obama administration’s sweeping health care overhaul will extend the life of the Medicare hospital insurance fund by 12 years.
…That improvement was credited to the cost savings that will occur with the passage earlier this [...]
August 3rd, 2010 | Tags: Accounting Ethics, Budget Ethics, CPA Continuing Education, Debt, Economic Ethics, Federal Reserve, Generational Ethics, Monetary Ethics, Political Ethics, Risk and Return
http://research.stlouisfed.org/fred2/graph/?chart_type=bar&s[1][id]=GFDEBTN
http://research.stlouisfed.org/fred2/graph/?chart_type=bar&s[1][id]=FYGFDPUN
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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 [...]
If the natural cycle of laissez faire capitalism
revolves between risk and aversion
what should happen if government intervention perverts the process
to forestall short term economic pain?
The global economy, artificially boosted since the recession of 2008-2009 by massive monetary and fiscal stimulus and financial bailouts,
is headed towards a sharp slowdown this year as [...]
Should US entitlement costs exceed incoming revenues
sooner than anticipated
if millions of Boomers involuntarily retire early
as national, state and local debt levels spike
coincident with evaporating income?
If workers earn, pay taxes, spend, save and invest
while retirees divest, downsize, budget
and draw income [...]
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