Product Description: America is on the brink of a financial meltdown. I.O.U.S.A. boldly examines the rapidly growing national debt and its consequences for the United States. Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, America must mend its spendthrift ways or face an economic disaster of epic proportions. Over 125 minutes of bonus materials, including exclusive interviews with Warren Buffett, Alan Greenspan and others.
I.O.U.S.A. educates people about the very real and very dangerous financial problems our government is facing. The producers of the film pull no punches here and they don’t sugar-coat it; and that was the right thing to do. The way Americans live today is essentially “living for the moment” without thinking of the importance of saving money for a rainy day; and the film goes into great, great detail highlighting that the American government does the same. I will tell you just some of the points made by this movie; although it will seem as if I’ve given it all away I assure you that I haven’t. Continue reading “Review (Guest) DVD: I.O.U.S.A. DVD on US Bankruptcy”
It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt.
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Thomas Greco, in his new book The End of Money and the Future of Civilization (Chelsea Green: 2009) , outlines the increasingly familiar story of how things got so bad, and he tells it as well as anyone has ever done. His style is precise and sometimes academic. Behind it, though, is a passion for truth and the type of rock-solid integrity that refuses to sugar-coat a very bitter pill.
More than that, Greco writes about how to change what has gone wrong. His credentials as an engineer, college professor, author, and consultant are impeccable. His book is among the most important written in this decade. It is truly a book that can alter the world and, if taken seriously, give large numbers of people a practical way to survive the gathering catastrophe.