From DSC:
On February 24th, I saw this piece at Forbes.com — > USA Inc.: Mary Meeker’s Deep Dive Into The Federal Budget

Excerpt:

“By the standards of any public corporation, USA Inc.’s financials are discouraging,” she writes in an introduction to the report. “True, USA Inc. has many fundamental strengths. On an operating basis (excluding Medicare and Medicaid spending and one-time charges, the federal government’s profit and loss statement is solid, with a 4% median net margin over the last 15 years. But cash flow is deep in the red (by almost $1.3 trillion last year, or ~$11,000 per household) and USA Inc.’s net worth is negative and deteriorating. That net worth figure includes the present value of unfunded entitlement liabilities but not hard-to-value assets such as natural resources, the power to tax or mint currency, or what Treasury calls ‘heritage’ or ’stewardship assets’ like National Parks. Nevertheless, the trends are clear, and critical warning signs are evident in nearly every data point we examine.

She points out that Congressional Budget Office data suggests that by 2025 all of the government’s income will go to entitlement spending and interest payments, leaving nothing for any other expenditures.



From DSC:
The day before, I had seen a video mentioned on TV.  From the mentioned URL, I checked the majority of it out. It made me ask, “Is this for real!!!???”

Most likely it is just a sales pitch. But the underlying concept of the growing national U.S. debt is not a joke — and, if not reversed, could have a serious affect on global economies.

As I don’t know, I’m seeking input/feedback from any and all economists out there! If what he is saying is even remotely true, the financial aftershocks will be felt throughout the world. Below are my reflections/questions on that potentially-very-important topic/perspective.


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I’m not sure what I think about a video that I ran across the other day. I’m referring to a video done by Porter Stansbury, founder of Stansberry & Associates Investment Research. I saw the URL posted on a cable TV station, referencing a URL/video at:

 

End of America 2011 Video

While I’m not big on the latter part of the video/piece where he pitches some potential investing solutions and reports, (and, NOTE: I do not mean to endorse any strategy he may be talking about nor is this posting meant to get into investment strategies or advice!)

I studied Economics at Northwestern years ago and several things this gentleman says in this video seemed within reason/feasible. Also, I have heard a variety of economists (here in the United States) through the years voicing their concerns about the enormity of the growing level of federal debt and the amount of our debt being owned by other countries.

(As an aside, people don’t like to hear bad news and we don’t vote the rare politicians into office who actually stand up and tell us what we really need to do to fix whatever mess we were/are in. I’ve noticed that in the world of higher education, many don’t like to hear news of the disruptions already underway either.)

Spiritually speaking, America has pushed the LORD out of the public square for so long, that it wouldn’t surprise me at all to see our nation continue its steep and rapid decline. Throughout history, nations have come and gone…risen and fallen…why should we be any different?  (Blessed is the nation whose God is the LORD…Psalm 33:12 — and conversely…)

By way of a quick piece of research I did — this page on their website claims that the total outstanding debt of the U.S. Federal government is $14.131 trillion — which appears to be true:

Watch out!

Questions:

  • Is this presentation for real? Are the facts and figures accurate?
  • Could these things occur? Are there grounds to his assertions/predictions? 
  • Have these things happened to nations in the past? If so, under what conditions?
  • Would some macroeconomics professor or an international business class review this video and get to the bottom of his arguments and assertions?!?

It’s very real world and students could work to try and pick apart the various arguments/assertions/implications mentioned therein. Prove if this is a scam or not.

Your thoughts on this anyone?
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Thanks!
Daniel
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New, network-based currencies -- from futurist Gerd Leonhard --2011
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3/11/11 addendum:
Also see Is America a Nation in Decline? — from impactlab.net

Bibliobouts -- a game to help students find high-quality sources

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— Originally saw this at Ray Schroeder’s Online Learning Update

Wow…this is getting tough…

It’s getting tougher to know if someone actually said something or not…with Photoshop, ways of tricking email systems, and other digital means — how can you know?

Example:
Apple PR Claims Steve Jobs “Relax” E-Mail is a Fake

…it turns out that AppleInsider is reporting that a similar e-mail exchange was shopped to them only two days earlier by a man in Virginia. Yes, you read that correctly: The guy wanted to get paid “an unspecified amount of money” for his e-mail exchange.

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