$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

Ambrose Evans-Pritchard on Spanish, British, American and almost everyone else's Social Security programs

“Spain uses social security fund to prop up the bond market

Spain is putting all its eggs into one basket…

The state pension fund…is buying Spanish sovereign debt at a vertiginous pace.

…the share of [the state pension fund's] total portfolio invested in Spanish government bonds rose from below 50pc in 2007 to 76pc in 2009.

The Social Security [...]

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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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U.S. Births through 2009

http://www.calculatedriskblog.com/

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On Unemployment: Why would some compare dissimilar calculations of economic statistics?

If 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 [...]

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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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Sobering Thoughts on the Demographics of the Baby Boom, Savings, Entitlement Benefits and Monetary Policy

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 [...]

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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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Pension and Retirement Statistics

…America’s 100 largest corporate pension plans
were underfunded by $217 billion at the end of 2008.

The Pension Benefit Guaranty Corporation
says that the number of pensions at risk inside failing companies
more than tripled during the recession.

…state and local government bodies in the state of California
have $325 billion in combined unfunded pension liabilities

…it comes [...]

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If there’s more than $12.5 Trillion in Federal Debt as of March 31, 2010, and there’s less than $8.5 trillion held by the public, where’s the rest?

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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If the Social Security Trust Fund was spent, was it stolen?

The most reprehensible fraud…
is the systematic and total ransacking of the Social Security trust fund…
the Social Security payroll tax has become a money machine
for the US  Treasury
generating fantastic revenue surpluses
in excess of the costs of the Social Security program…

The public fully supported enactment
of hefty new Social Security taxes in 1983
to ensure the retirement program’s long-term [...]

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