A Quick Review of I.O.U.S.A.

I attended a showing of I.O.U.S.A Thursday night and I really enjoyed it.

The movie's strength is that it organized all of the elements of our national debt problem into a cohesive narrative, and presented the facts in a way that was largely apolitical and easy to digest. As a result people who are new to the issues or are fairly knowledgeable can both walk way with new knowledge and/or a better understanding of the big picture; the movie's strength wasn't in presenting a lot of new information per se it was the way in which the information was presented.

Without going into too much detail about the movie I'd say that one of the more telling (if not gloomy parts) of the movie was a segment that discussed how in terms of % of GDP, our current Debt is higher than it was in past time periods where the country was at war or dealing with situations like the Great Depression. It's rather disturbing to realize that in a times of relative peace and prosperity our country has continued to run up huge deficits, and mortgage the future to finance the present. In fact even if the current wars in Iraq and Afghanistan weren't occurring/had never happened/were to end soon it would be a drop in the bucket compared to the overall problem.

Furthermore the deficits in of themselves aren't so much the problem as it is the fact that a large % of the debt is owed to foreign countries (China and Japan hold over $1 trillion), and our pending liabilities for socials security and Medicare dwarf our current debt problems. It's not really the amount of debt we have as a nation it's the economic context it exists within.

Another disturbing factoid is that without the surplus from the Social Security fund, our nation would've only had ONE year over the past 40 where it ran a surplus as opposed to the five that's commonly reported.

Needless to say this isn't something that's sustainable over the long-term.

While this isn't exactly a "festive" film but I wouldn't say that the people interviewed for it and/or the makers of the film are necessarily pessimistic about the future, it's more along the lines of "because of what's coming we have to make some difficult decisions, and take the necessary steps to prevent a future calamity". The film's approach seemed to be to educate people on what the overall national debt picture looks like, so that they're then able to foster a dialogue around solutions and to push the folks in Washington to take the steps required to ensure a better future for our nation.

For some reason the movie wasn't being shown in the Seattle or any of the close-in suburbs and I had to drive to the outskirts of the Seattle metro area (arguably Tacoma metro really), to find a theater that was showing it. Despite all of that the movie was well attended, the audience definitely seemed very interested in the issues at hand and the vast majority stayed for the panel discussion at the end. This worries me (slightly) because if the big chain theaters in Seattle (and other major cities) ignore the movie it's going to limit the audience it will be shown to; and let's just face a documentary on our national debt is going to have a hard time competing with the Dark Knight.

The other issue is that I felt as if I was in church with the choir (based on the reactions of the audience), and while having a better informed choir is important the preacher really needs to engage with the people who are hung over and/or playing golf on Sunday mornings. A telling example of this is the fact that in New Hampshire the local TV news didn't cover a recent visit by the fiscal wake-up tour (despite sending a video crew) , and were instead dedicating time to on the spot coverage of a mugger who swallowed a ring in front of the police.

I'm unsure as to the level and severity of the "ring swallowing problem" in New Hampshire, but I would think that the Fiscal Wake Up Tour is probably more important in the overall scheme of things.

The issue of our national debt isn't discussed as much it should be and the discussion is nearly always part of a larger partisan debate and is rarely discussed holistically, hopefully this movie will change some of that and help foster the larger dialogue that needs to be had before its too late. At the end of the day the issue of our national debt isn't tremendously complicated nor is it especially hard to understand, it just needs to be presented to the people in way that's easy to digest and free of all of the usual partisan rubbish that often sullies the conversation.

I just wonder if there isn't already so much momentum towards fiscal irresponsibility (at the Governmental and Personal level) that we won't be able to markedly change anyone's behavior into an even larger crisis (then the one we have now) occurs.

Comments

[notsosmart:]

you think the beer(belgium)swilling,... filling crowd is interested in this.tey would label this as unpatriotic.by the time most folks acknowledge the problem it will be too late.do you think the romans wanted to know or acknowledge that their empire was collapsing?the attitude of most of usa is i want it all now & the hell with the future(even if their kids & grandkids are involved).its history & the rise & fall of nations.nothing that unusual here.sad.

2008 Aug 24 10:11 AM

[notsosmart:]

re above:stadium filling

2008 Aug 24 10:12 AM

[traderone:]

Unfortunately this movie seemed more like an extension of Agora Financia's infomercials than a serious attempt to inform. I've seen better of Frontline or Now or Bill Moyers. Bill Bonner is a decent well-meaning individual who has met with much success in the publishing business. It all changed with the arrival of the hideous Addison Wiggin who has transformed Bill's organisation into a sleazy, money-grabbing bunch of lowlifes, albeit with several excellent analysts. The fact that they let Mike (Mish) Shedlock slip through their hands says it all.

2008 Aug 24 10:27 AM

[User 57568:]

We Give PAKISTAN $10 BILLION a YEAR in FOREIGN AID,,LET"S START with this as the first Fiscal cut

2008 Aug 24 10:39 AM

[Joyful Alte...:]

I've been on this theme since Ross Perot first ran for president. At the end of Clinton's second term, amid all the impeachment stuff, we had surpluses, and I had hope. Then there was Bush.

I'm pretty sure it won't be straightened out in my lifetime.

2008 Aug 24 11:35 AM

[300mph:]

traderone - Bill Moyers can hardly be presented as a nonpartisan purveyor of the truth. His biased left-wing rants would have no part in a fact bassed presentation of a crucial issue such as this. He is part of the problem.

User 57568 - Were you listening? $10 billion is meaningless when looking at $53 trillion problem.

2008 Aug 24 11:45 AM

[Kelly Liebe...:]

Unfortunately, when you finally realize that there is nobody in your neighborhood, or family, or office that "gets it", you finally have to say to yourself,"I have done what I can to sound the alarm and put out the fire, but now I am going to keep the hose on at my own house."
Revaluate your bank accounts, look at your bank's score (are they on the "list"?),move them if necessary. Allocate whatever percentage of your holdings YOU feel comfortable with to silver and gold. Have some cash handy for immediate expenses, and buy some provisions that can be stored for awhile.
You don't have to go crazy if you feel uncomfortable...I am just saying that 6-12 months food, water, medicine, toiletries and cleaning products at todays prices are not going to be something you will ever regret buying. You will use it up regardless of what happens. If something arises, well, you are just a little ahead of the game.
If you are the kind of person that worries what other people think, just don't tell anybody you are doing it....

2008 Aug 24 12:02 PM

[LouieK:]

Sorry, but nothing to learn from here in the review or comments. When you anit-Bush lefty guys get serious about the problem, then let me know and we can talk.

2008 Aug 24 01:51 PM

[Dusty:]

I am old and gray, body and spirit. I did what I could for myself; motivated by personal observations and stories of the depressions- not just the 1930's, all the others back to the 1890's. Nothing changes. My house is paid for, I keep a little money in the bank, a little more in the market (with my fingers permanently crossed), a pantry that just seems to stay stuffed with canned goods, toiletries piled high in the bath area storage, on the dark side a gun safe filled with NATO caliber guns and ammunition (and regular practice. It's really a lot like golf or tennis?).

At work, just before I retired, the hatred that I had no credit card debt, no rent or mortgage, money in the bank, came oozing out of everyone's pores; dripping down the walls; washing up out of the floor like swamp water. America lives in Denial and exults in misery relating to money problems. Almost everyone works hard to stay in economic trouble; it has become the standard culture.

A quick look at the Standard Statistical Curve will refresh memory that about 85% of any population is the 'mainstream.' The next 14% is guiding or supervising; 1% or 2% is the leaders. I.O.U.S.A. did mention that our leadership is totally lacking. As a reader of this, you are a part of the 14%. You might be able to cause change in the greed of the actual leadership that would cause them to want America to become savers and achievers like the Chinese and most other Asians because the leadership will gain the most if our culture changes to that standard. If we do not change, then very soon, maybe much sooner than anyone can imagine, we will be unable to obtain the materials, goods, medicines, food-- that come from the rest of the world. Our money will be useless, no one will feed our debt. Then it will not be O.K. until 70% of Americans have died of starvation and disease. A very small surviving population might have enough internal resource to begin to build a new 'dream.'

Even Warren, with all his money, might find that he is not permitted to relocate or even visit outside our borders because all Americans will be pariahs; and note that that money by itself is not nutritious nor does it have any medicinal qualities.

2008 Aug 24 02:52 PM

[sidestick:]

I find it interesting that only two of the above comments are noticeably partisan and they are both from right-wingers. Perhaps that's an indication that a bipartisan effort in this area is impossible because the conservative ideologues are actually as intransigent as they accuse the liberals of being.

2008 Aug 24 04:14 PM

[Sober Realist:]

Whenever I hear or think about Obama's slick and simplistic campaign slogan of "change" I have to laugh and vomit at the same time. We're headed for a whole lotta change. More than anyone knows.

2008 Aug 24 06:03 PM

[Did U Think...:]

There is no more 2 party system. It's now the uniparty. It's a gov't not for or by the people but in spite of the people. The gov't is no longer the servant, it is the rancher and everyone else is sheeple meant to be harvested. Stop the partisan bickering. Partisanship is a tool of the Uniparty and is meant to distract us so that we don't see and react to what is really going on.

As for the movie, the debut had the debate at the end and I think Warren Buffet has officially sold himself out. On one hand he states in the press that the recession will be longer and deeper than most people imagine. He also talks about derivitives as being weapons of mass financial distruction. All of these things are only possible in a credit driven borrow and spend boom and bust economic model driven by our use of fiat currency. But Warren is bullish on America and sending the message "don't worry be happen, keep consuming". Yeah, his illuminati pals will be just fine but how many average folk will see warren up there smiling and figure they can coast a while longer because buffet's a smart guy and he's not worried yet.

I spit in the direction of Warren Buffet for the damage he did in the IOUSA debate to those Americans that don't understand how money works. He knows better than to say the stuff he said.

2008 Aug 24 06:25 PM

[Louis Paquette:]

"User 57568 - Were you listening? $10 billion is meaningless when looking at $53 trillion problem."

User 57568 merely points out one item - no doubt the there are 100's of other examples where spending can and should be stopped - it all adds up..

2008 Aug 24 06:36 PM

[User 164142:]

My wife and I saw the showing/documentary with the theater maybe 1/3 full at best (Katy, TX). Thought it was a great presentation, but unless this can get out to the general public in a big way, what good is it? I'm talking about to high schools, civic groups, boy/girl scouts, and so on. It's shocking to see that NONE of the people interviewed in the film had a clue as to what they were being asked. It's the American Idol and video games generation, unfortunately. And yes, I too was very disappointed with Buffett, but then again he has a vested interest and agenda to tell the public to "don't worry, be happy." David Walker should be man of the year from somebody, but alas.

2008 Aug 24 07:21 PM

[jim t.:]

That whole $53 trillion dollar unfunded debt figure overstates the problem and makes it seem hopeless. Let's start in the present, where the deficit is $9 trillion, and work from there. We need to start by having a plan to reduce the annual deficit every year until we're in balance, without stealing from social security, either through extreme cuts or tax increases or whatever. But it must be done. At the same time, we can make a few changes in social security benefits and medicare to reduce the size of future deficits. But the key is we have to start now.

2008 Aug 24 08:50 PM

[Sober Realist:]

JetJimbo,
Have you noticed that food and energy costs have skyrocketed in the last year. The average American family is up to their eyeballs in increased costs and personal bills. Wages have been stagnant for the last decade. You burden us with more taxes and there will be a revolution. I'm not talking a figurative or metaphoric revolution, but a literal & physical one with pitchforks.

2008 Aug 24 09:39 PM

[Geldpress:]

Anyone seeing the movie should get the clear message that this nation is heading toward a fiscal train wreck. But the details of that train wreck were just not covered in adequate detail through IOUSA. In fact, what few concrete explanations did exist in the movie were rushed through. As an example, there was one scene that put the cost of unfunded government liabilities above $53 trillion. But the calculation started with $11 trillion and no explanation of what it stood for, and ended with $1 trillion in "Miscellaneous" liabilities. I was not at all impressed with the movie, or the "Empire of Debt" book that it was based off for that matter. It's an important topic, but there are far better sources out there for learning about it.
www.geldpress.com/2008.../

2008 Aug 24 10:02 PM

[Steven Hansen:]

I think it is against Mr. Buffett's interests to alarm. I was baffled by the market going up on Friday after the CNBC meeting with him.

I also believe that the economic train wreck analogy caused by the debt is too severe. To me, the economic results of the increasing debt will closely parallel the speed of a train as the grade it needs to climb continues to increase.

2008 Aug 24 11:21 PM

[User 121038:]

Ive been warning people for years (since 2005) about what already has happened and what will happen if this continues.

Its going nowhere, we have , for example, two know nothing assclowns for president right now while everyone laughs at Ron Paul.

The USA is doomed. Its literally chocked full or retards and greedy criminals.

2008 Aug 25 05:12 AM

[aztrader:]

The movie did send a necessary message, but needs to go more in depth into the Medicare/Medicaid spending problems. Our society thinks that all life is priceless and that it doesn't matter what it costs to preserve it no matter how old the person is.
With people living longer, you can not have unlimited major medical up to every person's last day. We can't afford it and the children of this country don't deserve the debt they will inherit because of it.
No one wants to talk about it because it isn't politically correct. Maybe the nation as a whole needs to start a petition drive to enact laws that Congress refuses to address.

2008 Aug 25 11:46 AM

[anger:]

I look forward to stumbling upon this movie somewhere in LA? Laemmle Sunset 5?

People--this is just like cancer, it is a "symptom" of poor values and ideals, bad government leadership and capital greed. You can only fix the indicator by noticing the problems.

It is left or right wing, it is WRONG wing, both parties hold responsibility, and whether you fancy yourself the right wing "absolutionist" or left wing "liberal", there are certain things about living the "American Dream" that have propagated into our life styles and our over-all expectations that need to change. We all complain about "what about our children", but what about NOW?

As for the medicare/medicaid comment, looking at the numbers on the government sites are very telling. Most healthcare facilities work in the red. They are expected (some by law) to serve everyone, despite ability to pay. When we expect oil companies to give gas to everyone despite their ability to pay, or food or any other BUSINESS SERVICE to give their service away to indigents or people who can't pay for it, let me know. It seems that the laws in this regard alone provolk a little "anti-PC" talk here. This is another reason why healthcare in America will -NEVER-, I reapeat, NEVER become a functioning socialized entity. Clinton failed, and she then was bought by the very companies she went after, because she probably had the same epiphany after looking at the system with a microscope. It is broken also, just like our deregulated banking system (thanks Regan).

2008 Aug 25 04:00 PM

[nathan:]

INVENTION TITLE 12/09/2007

*LEGACY WILL AND TRUST*

A LEGACY WILL AND TRUST CAN:

*ESTABLISH WILLS AND TRUSTS FREE OF CHARGE

*CREATE TAXABLE, NON-EXISTING, NEVER ENDING INCOME STREAM

*PROVIDE INSTANT TAXATION UPON DISBURSEMENT

*REBUILD SOCIAL SECURITY BENEFITS

*REINSTATE BIRTHRIGHTS WITH LEGACY CHECKS

*CREATE FOUNDATION FOR STOCK MARKET BECAUSE PRINCIPLE EARMARKED UNTOUCHABLE

*CREATE PERSONAL LEGACY FOR ALL THAT PARTICIPATE

*FUND SOCIALIZED HEALTH CARE DUE TO 100% OF PATENTED ROYALTIES PAID BY LIFE INSURANCE, FINANCIAL PLANNING AND SPECIALIZED WILL INSTITUTIONS TO ESTABLISH ITS OWN LEGACY TRUST

*CREATE INCOME FOR CHARITIES AND RESEARCH INSTITUTIONS WITHOUT RELYING SOLELY ON DONATIONS OR GOVERNMENT FUNDING

*FEED THE WORLD AND SUPPORT CHRISTIAN MISSIONS

*STOP DRUG ABUSE WITH QUARTERLY SCREENING IN ORDER TO QUALIFY FOR A LEGACY CHECK

*WIN THE HEARTS OF OUR GLOBAL ADVERSARIES

*FUND AND MANDATE HEALTH CARE PREMIUMS FOR INDIVIDUAL HEIRS

*PROVIDE BUYERS FOR THE MANDANTORY SELLERS OF THE 401K PLANS WITHOUT PANIC OF THE ABSOLUTE SELLOFFS AT AGE 70.5

*PROVIDE ASSISTANCE TO SINGLE MOTHERS

*NAVIGATE THROUGH THE PERPETUITY LAWS

*ANSWER THE FISCAL WAKE UP TOUR CHALLENGE









DISCLOSURE:

“WHILE THE PRESENT INVENTION HAS BEEN DESCRIBED IN TERMS OF

SPECIFIC EMBODIMENTS, IT IS TO BE UNDERSTOOD THAT THE INVENTION

IS NOT LIMITED TO THESE DISCLOSED EMBODIMENTS, THIS INVENTION

MAY BE EMBODIED IN MANY DIFFERENT FORMS AND SHOULD NOT BE

CONSTRUED AS LIMITED TO THE EMBODIMENTS SET FORTH HEREIN;

RATHER, THESE EMBODIMENTS ARE PROVIDED BY WAY OF

ILLUSTRATION ONLY AND SO THAT THIS DISCLOSURE WILL BE

THOROUGH, COMPLETE AND WILL FULLY CONVEY THE FULL SCOPE OF

THE INVENTION TO THOSE SKILLED IN THE ART. INDEED, MANY

MODIFICATIONS AND OTHER EMBODIMENTS OF THE INVENTION WILL

COME TO MIND OF THOSE SKILLED IN THE ART TO WHICH THIS INVENTION

PERTAINS, AND WHICH ARE INTENDED TO BE AND ARE COVERED BY BOTH

THIS DISCLOSURE, THE DRAWINGS AND THE CLAIMS.”












PLEASE UNDERSTAND THAT ALL ITEMS UNDERLINED FALL UNDER A SCROLL DOWN PROCESS GIVING THE INDIVIDUAL THE OPTION OF DOLLARS, PERCENTAGES AND LIFE INSURANCE/FINANCIAL INSTITUTIONS.

***LEGACY WILL AND TRUST WEBSITE***

IF THIS IS FOR TRUST PURPOSES ONLY, PROCEED TO STEP 3.

*STEP 1: NAME OF YOUR LIFE INSURANCE COMPANY ABC LIFE (XYZ LIFE, ETC.) IF NO CURRENT LIFE INSURANCE AND YOU WOULD LIKE TO CONTACT AN INSURANCE COMPANY CLICK HERE TO GO TO LIFE INSURANCE LINK FOR FREE QUOTE AND CONSULTATION.

*STEP 2: AT THE TIME OF MY DEATH, PLEASE DISBURSE 50 %(10,20,30,ETC.) OF MY TOTAL DEATH BENEFIT AS IMMEDIATE CASH FUNDS TO THE FOLLOWING BENEFICIARIES:
SPOUSE 50 % (BREAKDOWN OF %’S DEFAULT TO EQUAL 100%)
CHILD 25 %
CHILD 25 %

SPECIAL NOTE: IF A MORE COMPLEX WILL IS NEEDED, IT IS THE RESPONSIBILITY AND EXPENSE OF THE INDIVIDUAL. CLICK HERE IF YOU WISH TO PROCEED TO SPECIALIZED WILL PLANNING LINK.

*STEP 3: THE REMAINING OR TOTAL 50 % (DEFAULT FROM STEP 2 OR 100% IF FOR TRUST PURPOSES ONLY) OF TOTAL BENEFIT IS TO BE PUT IN TRUST WITH ABC FINANCIAL PLANNERS (XYZ FINANCIAL PLANNERS ETC.)

*STEP 4: NAME YOUR LLC - IT WILL APPEAR ON ALL LEGACY CHECKS.
FROM THE ESTATE OF NATHAN J. ISBELL (ALLOW CREATIVITY HERE)

*STEP 5: RE-INVEST 50 %(10,20,30,ETC) AND DISBURSE 50 %(DEFAULT PREVIOUS OPTION EQUAL 100%) OF THE MONTHLY (QUARTERLY,ANNUALLY ETC.) YIELD

*STEP 6: LEGACY CHECKS TO BE DISBURSED AS FOLLOWS:
QUALIFIED RECIPIENTS 90 % (DEFAULT TO 100%)
RED CROSS 5 % (LIST ALL CHARITABLE INSTITUTIONS
AMERICAN CANCER SOCIETY 5 % AS WELL AS OTHER-SPECIALIZED)







EXAMPLE OF HOW THE LEGACY WILL AND TRUST CAN WORK IN A PERFECT WORLD WITH ILLUSTRATIVE BENEFITS

TOTAL BENEFIT - $10 MILLION
YEAR STARTED - 1985
ANNUAL INTEREST YIELDED – 10 %

BAL AFTER TOTAL
YEAR - 5 % REINVEST - 5 % DISBURSED - TAX 15 % - CHARITIES 10 % - HEIRS
1986 10500000 500000 75000 50000 375000
1987 11025000 551250 82687 55125 413437
1988 11576250 578812 86821 57881 434109
1989 12155062 607753 91163 60775 455815
1990 12762815 638140 95721 63814 478605
1991 13400955 670047 100507 67005 502535
1992 14071002 703550 105532 70355 527663
1993 14774552 738727 110809 73873 554045
1994 15513279 775663 116349 77566 581748
1995 16288942 814447 122167 81445 610835
1996 17103389 855169 128275 85517 641377
1997 17958558 897927 134689 89792 673446
1998 18856485 942824 141424 94282 707118
1999 19799309 989965 148495 98996 742474
2000 20789274 1039463 155919 103946 779598
RULE OF 78’S 78/5 = 15.6 YEARS
OUR PRINCIPLE BALANCE HAS DOUBLED
2001 21828737 1091436 163715 109144 818576
2002 22920173 1146008 171901 114601 859506
2003 24066181 1203309 180496 120331 902482
2004 25269490 1263474 189521 126347 947606
2005 26532964 1326648 198997 132665 994986
2006 27859612 1392980 208947 139298 1044735
2007 29252592 1462629 219394 146263 1096971
2008 30715221 1535761 230364 153576 1151821
$21,725,982 $3,258,893 $2,172,597 $16,294,488

IF IN 1985 $10 MILLION WAS PUT INTO A LEGACY WILL AND TRUST, THE PRINCIPLE BALANCE WOULD BE $30,715,221. TOTAL DISBURSMENTS WOULD HAVE BEEN $21,715,982. THE GOVERNMENT WOULD HAVE COLLECTED $3,258,893 BASED ON A TAX RATE OF 15 %. CHARITIES $2,172,597 BASED ON 10% AND THE HEIRS WOULD HAVE SHARED A TOTAL OF $16,294,488. THE 2008 DISBURSEMENTS WOULD BE: GOVERNMENT $230,364 – CHARITIES $153,576 AND HEIRS $1,151,821.






*RULES AND REGULATION FOR QUALIFIED RECIPIENTS AND/OR CHARITABLE ORGANIZATIONS*
*EACH QUALIFIED RECIPIENT IS ENTITLED TO AN EQUAL VARIABLE SHARE OF DISBURSEMENTS AT AGE 18. (0,10,21,ETC) NOTE: BEST TO ALLOW TIME FOR INTEREST TO COMPOUND

*MUST REGISTER WITH INVESTMENT BROKER 30 DAYS PRIOR TO EACH BIRTHDAY WITH PROOF OF LINEAGE AND BIRTH CERTIFICATE

*NO LIENS MAY BE ATTACHED

*NO BACK PAYMENTS

*ORGANIZATIONS THAT FAIL TO REGISTER WITHIN 3 (1,2,ETC) YEARS WILL BE DELETED AND PROCEEDS TO GO INTO QUALIFIED RECIPIENT FUNDS

*IF INVESTMENT BROKER FEES ARE EXCESSIVE OR THE RATE OF RETURN FALLS BELOW 10 % (5,8,ETC) FOR 2 (1,3,ETC) YEARS IN THE LAST 5 (1,2,3,ETC) YEARS A MAJORITY VOTE OF QUALIFIED RECIPIENTS MAY CHANGE INVESTMENT BROKERS TO A DIFFERENT LEGITIMATE BROKER UNDER PRE-SET GUIDELINES. TIE NO (YES) CHANGE

*MINIMUM LEGACY CHECK IS $100 AFTER FEES AND EXPENSES, OTHERWISE ACCOUNT WILL RE-INVEST 100 % UNTIL THIS CAN OCCUR

*ONLY DIRECT BLOODLINE LINEAGE QUALIFIES, NO EXTENDED FAMILIES

*SPOUSE OF QUALIFIED RECIPIENTS DOES (DOES NOT) QUALIFY AS MY REPLACEMENT UPON MY DEATH

*MUST REGISTER ALL BIRTHS OF YOUR BLOODLINE WITHIN FIRST YEAR. INCOME STREAM MAY NOT BE SOLD FOR ONE LUMP SUM. BOTH OF THESE INFRACTIONS RISK LOSING YOUR SHARES AT A MAJORITY VOTE. TIE NO
(YES).
*FUND MUST HAVE A POSITIVE YIELD OR THERE WILL BE NO LEGACY CHECK FOR THAT PERIOD

***CLICK HERE*** IF YOU AGREE TO THE TERMS OF THIS DOCUMENT. THIS DOCUMENT SUPERSEDES ALL FORMER DOCUMENTS.





IN CLOSING,

I RESPECTFULLY REQUEST THAT THE UNITED STATES COURT OF APPEALS AND THE UNITED STATES PATENT AND TRADEMARK OFFICE GIVE SPECIAL CONSIDERATION TO THIS INVENTION AS IT WILL BENEFIT US ALL AND ALL FUTURE GENERATIONS.

THE TIME IS NOW TO FIND A SOLUTION TO THE FISCAL WAKE UP TOUR CHALLENGE THAT THE US COMPTROLLER DAVID WALKER IS DESPERATELY SEEKING. HE STATES THE “FINANCIAL IMPLOSION” IS ON THE HORIZON AND THE PROBLEM STEMS FROM “THE POWER OF COMPOUNDING”. IRONICALLY, THE SOLUTION IS DERIVED FROM THE SAME STATEMENT. THE ANSWER IS COMPOUNDED INTEREST.

AFTER READING THE USA TODAY HEADLINES DATED 10/09/2007 I TOO WAS SHOCKED TO KNOW THE WAY OUR COUNTRY IS HEADED FISCALLY AND I AGREE WITH KATHLEEN CASEY-KIRSCHLINGS (1ST BABY BOOMER TO REACH RETIREMENT AGE) STATEMENT, I CAN’T IMAGINE WHAT’S GOING TO HAPPEN WITH OUR CHILDREN AND OUR GRANDCHILDREN,” SHE SAYS “THEY’RE NOT GOING TO BE ABLE TO RETIRE.” I PRAY THIS IS NOT THE LEGACY MY GENERATION LEAVES BEHIND. BY THE YEAR 2030. TWO TAXPAYERS TO ONE RETIREE THAT DID NOT PLAN WELL. PLEASE TAKE A QUOTE FROM BISHOP T.D. JAKES, “IT IS TIME FOR US TO BEGIN THINKING GENERATIONALLY.”

I FEEL IT NECESSARY TO ONCE AGAIN POINT OUT THAT 100% OF THE PATENTED ROYALTIES (IF APPROVED) WILL BE CHANNELED TO A LEGACY TRUST DESIGNED TO IMPLEMENT SOCIALIZED HEALTH CARE. THIS WILL COST THE TAXPAYER NOTHING, HELP ALLEVIATE THE TAX BURDEN AND NOT INTERFERE WITH PRIVATE HEALTH CARE. AS A U.S. NAVY BRAT, BORN IN MOROCCO, AFRICA HAVING NEVER SERVED MY COUNTRY IN THE ARMED SERVICES, I HOPE THIS WILL PAY MY DEBT OF SERVICE AND BE MY LEGACY. I AM PROUD TO BE AN AMERICAN.

MAY GOD BLESS AMERICA AND THE WORLD,


NATHAN J. ISBELL

2008 Aug 26 10:16 AM

[slk23:]

Thanks for the review. I'll definitely try to see this film.

By the way, you made a common error in your use of the word "factoid". A factoid isn't a small fact, as many people think. It's actually "a piece of unverified or inaccurate information that is presented in the press as factual". See www.thefreedictionary....+

2008 Aug 26 05:29 PM