I.O.U.S.A. the movie

[tiznow]

a tizgloom movie comes out tomorrow and in some cities including mine (woo hoo!) they doing this

---------------------------------

I.O.U.S.A.: LIVE with Warren Buffett, Pete Peterson & Dave Walker

08/21/2008




Fathom and Roadside Attractions present I.O.U.S.A.: Live with Warren Buffett, Pete Peterson & Dave Walker in an exclusive one night event in select movie theatres nationwide on Thursday, August 21st. This event will include the critically-acclaimed documentary, I.O.U.S.A., and a LIVE discussion about America’s economic crisis and what we can do to change course.

This one night event will be shown LIVE at 8:00pm ET / 7:00pm CT / 6:00pm MT / and tape delayed at 7:30pm PT.

Average ticket price ranges between $11.50 and $20, depending on location. Use the zip code search above to select from a list of participating theatres in your area.

The live discussion with America’s most notable financial leaders and policy experts, including Warren Buffett, CEO of Berkshire Hathaway; William Niskanen, chairman of the Cato Institute; Bill Novelli, CEO of AARP; Pete Peterson, senior chairman of The Blackstone Group and chairman of the Peter G. Peterson Foundation; and Dave Walker, president & CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General, promises riveting dialogue and keen insight into the crisis we currently face. The panel will be moderated by Becky Quick, co-anchor of CNBC’s morning news show Squawk Box.

From the producers of Wordplay and the studio that brought you Supersize Me, the must-see documentary I.O.U.S.A. uncovers the source of critical economic concerns that touch the lives of every American. A tapestry of archival footage, hard data and candid interviews woven together, it paints an authentic profile of today’s economic condition. Solutions for how we can impact this nationwide crisis and evolve into a more fiscally sound nation for future generations are offered by the documentary’s powerful conclusion.

“May be to the U.S. Economy what An Inconvenient Truth was to the environment.” - Reuters

 

[eek.]

Is there any totty in it?

Or will most of the audience consist of funny looking blokes with vacant stares?

 

[brucefan]

Ill be there


http://www.lp.org/

 

[tiznow]

y tizgloom was very disappointed

this review sums up my feelings almost to a T

very liberally biased undertone

they were making clinton out to be a good guy since he balanced the budget (due to a tech bubble bringing up tax revenues to the roof which wasn't pointed out)

also they had the live thing and warren buffet was on the panel and he reminded me of willie and MJ...he was playing the role of the eternal optimist

:nohead:

All you need in this life is ignorance and confidence, and then success is sure. Mark Twain

overall i think that holds true but for this current time period tizgloom disagrees....LOL

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August 22, 2008
Movie: Save the State
Posted by Lew Rockwell at August 22, 2008 04:43 PM

Writes Keith Mercer: "I just read the posts about IOUSA. I am quite familiar with Bonner and Wiggins work and went to see the film because they were involved. I was quite disappointed, not so much surprised, but disappointed.

"It started out OK with an amusing clip with Steve Martin.

"There was also an unintentionally amusing part later. They portrayed Bill Clinton as an heroic, paragon of fiscal responsibility, which caused a significant portion of the theater to literally laugh out loud.

"The theme for the movie can be summed up in one section. We are told that Eisenhower forced the British to leave the Suez Canal by threatening to trash their currency. The British had to comply because they were dependent on us to finance their debt. Then we were told in an ominous tone, that many historians consider that moment to be the end of the British empire.

"The message of the movie is clear. The state is in trouble and it is time for all good Americans to come to its aid by paying more taxes and saving more money, by force if need be.

"We were shown clips from the 40's of various celebrities encouraging Americans to buy bonds. We were told that our parents and grandparents faced similar crisis and pulled together to pay higher taxes and buy govt. bonds.

"In case anyone missed it, the point was driven home several times during the panel discussion, which was worse than the movie. We were told repeatedly by Buffett that we don't pay enough taxes. And the idea of forced savings was received warmly.

"When the event was over, my impression was that they are all statists and they are all in a panic because the state is in trouble and they want us to save it."

 

[tiznow]

although on the buffet issue that guy has become one big liberal as the review pointed out....so in that respect he's not like willie and MJ....he's an obama guy..

but as far as ahhh everything will be okay GDP will grow and it'll all work itself out type shite....he was right with them....

his closing analogy was him and his twin in the womb with identical DNA in a bidding war over future earnings about who is born in the US and who is born in bangledesh

made me crack up

i think buffet might be freaking out a nudge deep inside

his berkshire which majority of wealth is in has been getting hit pretty good....and he's in alot of shady insurance shit that is caught up in all this current mess.....

 

[eek.]

That conclusion is correct.

You don't pay enough taxes.


It doesn't sound like it was much of a Ron Paul kook movie tho.

 

[eek.]

So as a bona fide RP man are you ok with everyone wandering the streets packing some heat Tiz.

 

[eek.]

Are you a proper libertarian, like this guy

...or a bit of a wimpy statist?

 

[bblight]

Or will most of the audience consist of funny looking blokes with vacant stares?

What's wrong with funny looking blokes with vacant stares?

 

[brucefan]

Warren Buffet cam off as a guy so far out of touch its scary. David Walker's message was strong, but the Liberal mindset of raising taxes. forced savings, and Buffets comments ruined the whole thing. The best part of the movie was the appplause Ron Paul got when was on the screen. We are in deep shit thats for sure, and listening to that panal discussion doesnt give me much hope that we can solve it either.hno:

 

[DarrylParsons]

Thanks Tiz for saving me the trouble of seeing it.

It's funny that paying taxes is equated with buying bonds. It's the typical loser mentality of gimme money NOW, I don't care if I have to pay it back.

 

[bblight]

By the way - concerning savings - if you consider 401k plans to be savings, citizens of the USA save more money than anyone else in the wolrd by a factor of about 10 or 20 to 1

"At year-end 2006, Section 401(k) plans held an estimated $2.7 trillion in assets and represented approximately 17 percent of the $16.4 trillion <!-- TRANSIT - HYPERLINK --><!-- .http://www.icifactbook.org/. -->U.S. retirement market. Assets in 401(k) plans have increased on average 13 percent per year, from $385 billion in 1990."

"If you add in IRAs, "Mutual fund assets held in retirement accounts (defined contribution plan accounts and IRAs) stood at $4.1 trillion at the end of 2006, or 39 percent of overall mutual fund assets."

When we Americans retire or withdraw from those untaxed accounts, we'll pay the deferred taxes - the gift that keeps on giving to those of us who saved and to the government that deferred the taxes.

The big issue is socialists like Obama who would place high taxes those deferred savings as "capital gains" and then give us back a portion of the money we did without to save for retirement as an "entitlement"

You socialists and your class warfare and your inability to see that there could be a better way never cease to amaze me

 

[tiznow]

Thanks Tiz for saving me the trouble of seeing it.

It's funny that paying taxes is equated with buying bonds. It's the typical loser mentality of gimme money NOW, I don't care if I have to pay it back.

well the one thing that i never really thought about was back in the day when we went to war at least we funded our OWN debt via bonds

right now the rest of the world is

actually the movie didn't do that....the review kinda lumped them together

the review is a little overly harsh but a combo of higher taxes and many other things was the solution.......especially in warren buffet's eyes

spending, spending, spending, well less of it......wasn't beaten over your head with a hammer like it should be

 

[tiznow]

that's my new defense for the MJ's that say well our debt/GDP ratios aren't what they've been in the past

like WW2 it got over 100%

but american's funded the debt by buying government bonds

right now china, japan etc...fund our debt buying treasuries

 

[tiznow]

By the way - concerning savings - if you consider 401k plans to be savings, citizens of the USA save more money than anyone else in the wolrd by a factor of about 10 or 20 to 1

"At year-end 2006, Section 401(k) plans held an estimated $2.7 trillion in assets and represented approximately 17 percent of the $16.4 trillion <!-- TRANSIT - HYPERLINK --><!-- .http://www.icifactbook.org/. -->U.S. retirement market. Assets in 401(k) plans have increased on average 13 percent per year, from $385 billion in 1990."

"If you add in IRAs, "Mutual fund assets held in retirement accounts (defined contribution plan accounts and IRAs) stood at $4.1 trillion at the end of 2006, or 39 percent of overall mutual fund assets."

When we Americans retire or withdraw from those untaxed accounts, we'll pay the deferred taxes - the gift that keeps on giving to those of us who saved and to the government that deferred the taxes.

The big issue is socialists like Obama who would place high taxes those deferred savings as "capital gains" and then give us back a portion of the money we did without to save for retirement as an "entitlement"

You socialists and your class warfare and your inability to see that there could be a better way never cease to amaze me

the problem with that are 401k options are so limited most of them crappy and it forces you to invest in the stock market which obviously tizgloom thinks is going quite lower as this mess unfolds

like my mom has a ton in a 401k but she's all in cash since right now she see's like me what's coming....getting hardly anything on her money (the money market rates suck) while inflation continues to compound (although tizgloom thinks that will tame with global gloom and doom)....at least she's not losing money

since americans have been trained or forced to have a shitton of their investments long the equity markets rather than being diversified in CDs, gold, bonds etc.......that compounds the problems at times at times when shit really hits the fan and the market go no where or gets mauled

if you go back to 2000....markets are way down in nominal terms when you factor in inflation....investments have been falling behind the curve for a while now

 

[eek.]

By the way - concerning savings - if you consider 401k plans to be savings, citizens of the USA save more money than anyone else in the wolrd by a factor of about 10 or 20 to 1

"If you add in IRAs, "Mutual fund assets held in retirement accounts (defined contribution plan accounts and IRAs) stood at $4.1 trillion at the end of 2006, or 39 percent of overall mutual fund assets."

Japanese post office savings accounts have had at least 5 trillion $$s for years.

The Japanese government is scared to privatise it because it's such a huge and useful resource which they can tap at will for funding purposes.