View Full Version : IOUSA movie information handouts

08-15-2008, 02:30 AM
I think it would be a good idea to hand out information supporting real solutions to the problems addressed in the movie IOUSA at the theaters it will be showing at on August 21, 2008. We have one week left to plan something.

Why the movie and "guide" do not properly address the real problems:
In 26 pages:
Total mentions of the "Federal Reserve": 0
Total mentions of "Inflation": 0
Total mentions of "Money": 0
Total mentions of "Monetary": 0
Total mentions of "bail", "bailout", "bail out": 0
Total mentions of "American Enterprise Institute" (http://www.house.gov/paul/congrec/congrec2003/cr071003.htm): 1

Here are some ideas that people posted in the general thread:


Flier title ideas:
"I.O.U.S.A: An Independent Commisson Report"
"I.O.U.S.A: A Viewer's Handbook to the REAL Solution"

Real solutions ideas:
Advocate for the abolition of the Federal Reserve (http://www.govtrack.us/congress/bill.xpd?bill=h110-2755) and IRS (http://www.pressmediawire.com/Article.cfm?articleID=18786) (etc?)
Legal tender laws repealed and let people choose what they want to settle obligations. (http://www.lewrockwell.com/paul/paul434.html)
A return to sound money.
Reject anything like "Regional Monetary Integration (http://www.cfr.org/publication/14534/)" to form some kind of Euro like "Amero."

Flier content ideas:

The current way money works is based on the keynesian school of economics. Here is how it works. The school of economics we believe in is austrian, and here is how it works, and here is what it says about keynesian economics. Here is how and why we think the housing bubble was created.


Enacting the Federal Reserve Act was a serious mistake. In 1909, a National Monetary Commission was set up as a result of of a series of bank panics culminating in a particularly severe one in 1907. Back then, it was not generally known why these bank panics occurred, and we leave it to the reader to research this. The "National Monetary Commission" was composed of people representing the "Money Trust", people who had vast, powerful connections to the banking industry. It was like asking the fox to guard the hen-house. The Federal Reserve act was passed in on December 22, 1913, with very limited opposition. It didn't help that most Congressman failed to read the act, let alone understand what it was, save for a few lone voices like Congressman Lindbergh and Congressman McFadden.

The Federal Reserve has failed the American people miserably. It failed to prevent the Great Depression, the recessions that have occurred since that time, the Savings and Loan Crisis, and all of the events plaguing the financial system today. In addition, it has failed to protect the purchasing power of the dollar - in fact, it has dropped 96% since 1914. It was said that the Fed is a lender of last resort, when clearly over time, it appears to have become a donor of the first resort to institutions deemed "too big to fail" when unsound fiscal decisions by a wealthy few ultimately causes the American people to pay for it via Fed bailouts via the insidious inflation tax, something most of us do not know about and is not taught in or public school system.

As a result, the Federal Reserve, or any central bank for that matter, poses a great moral hazard. If you are deemed "too big to fail", and you know that the Fed will step in to bail you, why exercise fiscal prudence? Couple that with corporate limited liability laws, legislation has created the perfect vehicle where the wealthy directors of these corporations can privatize their gains, while using government institutions to socialize losses to the American people.

In addition, a central bank provides financing to the State to support both sound and unsound government programs. It used to be that the State was limited to spending via the taxes it took in. The government knew that if it were to raise taxes, it would be voted out of office. Not a popular thing to do. A central bank allows for the swapping of government created debt for money. Our government prints bonds in any amount it wishes and exchanges for money the Federal Reserve prints out of thin air. Don't let the so-called "debt ceiling" fool you. It has been raised many, many times to allow the government to continue spending. Out of control government spending has saddled our children with unimaginable debt. The United States went from the world's biggest creditor to the world's biggest debtor today.

Paper (or fiat) money allows governments - all government with a central bank - to wage wars and create spending boondoogles that wastes ALL American citizens' productivity. The world has become a very dangerous place by all this paper debt. Currently, America is at war with Iraq and Afghanistan, with Iran shaping up to be yet another "military engagement". Why is no major media asking the question, "How are we going to pay for all of this?"

<more explanatory verbage inserted here>

Therefore, we the commission make the following broad recommendations:

1) Freeze government spending. Evaluate and justify existence of ALL government departments. If it doesn't support the idea of individual freedoms and/or leveling the playing field for ALL market participants, abolish it and replace it with nothing.
2) Repeal limited liability laws, return to sound currency, and let the market choose what form of payment is to be used. Legalize gold and silver usage as money again. If two parties agree that payment is to be made in yak dung, so be it. Their call.
3) Legalize competition by removing taxation, regulation, and confiscation schemes that favor big monopolies and squeeze out smaller players.
4) Bring our troops home and defend our borders. Change all of our world military bases into safe economic points of trade.
5) Most importantly, abolish the IRS and the Federal Reserve. One steals the peoples money directly out of their pockets, and the other steals their money without taking their money directly via inflation. The Constitution should be amended to state that ANY future government that attempts to put in place a central bank mechanism shall abrogate office immediately.
7) Speaking of the Constitution...Follow it.

In closing a commission like ours should never have to be formed again at the taxpayer's expense. Your government has failed the Constitution and the American people. Time to scrap it and rebuild...


Support the Campaign for Liberty for the real solutions!


The CFL Rally for the Republic is being held in St. Paul, Minnesota from August 31 to September 2 near the Republican National Convention and the Rage Against The Machine concert.


By John F. McManus Monday, 14 July 2008

Everyone knows that our nation is awash in red ink. Peter G. Peterson, perhaps second only to David Rockefeller as the leader of the organizations that have steered the nation into massive indebtedness, claims he will alert Americans to the problem. But the people didnít overspend, government did.

Sending a fox to guard the chicken house has never made any sense. In like manner, no one should expect a leader of the organization to reverse the nationís suicidal fiscal condition created by the same organization. Recently retired after 22 years as Chairman of the Council on Foreign Relations organization, the very seat of the Establishment, former commerce secretary Peter G. Peterson has created a foundation he named after himself to address the governmentís massive and worsening indebtedness.

Last year, Petersonís private equity firm known as the Blackstone Group went public and he quickly reaped $1.8 billion selling its stock. That he benefited greatly from tax breaks other Americans donít enjoy isnít well known. But Economic Policy Institute economist Jared Bernstein sees a contradiction when this supposed debt fighter skirts normal taxation. Of Petersonís good fortune, he stated, "Those loopholes bleed billions of dollars from the federal treasury. It makes him a weird spokesperson for the cause."

The Peterson Foundation hired former U.S. Comptroller General David M. Walker to serve as its president. A consistently sound opponent of massive federal debt, Walker will serve under a board of directors that includes, Peterson, his wife Joan Ganz Cooney, and their son Michael Peterson, each a CFR member. Good luck David Walker! As one small indication of what heís up against, the most recent issue of the CFRís Foreign Affairs journal features a recommendation by Robert A. Pastor calling on our nation to join with Canada to create a "North American investment fund to reduce the income disparity between Mexico and its northern neighbors." He would like to see it start at $20 billion per year. It will take many billions (trillions?) to bring Mexicans up to a standard of living found to their north. No one should expect the Peterson Foundation to criticize the Pastor plan.

Petersonís brand new foundation unveiled its freshly produced documentary entitled "I.O.U.S.A." on July 14 in Washington. Scheduled for showing in 400 theaters starting next month, the film will focus on the huge imbalance between federal promises and federal income. Making an off-hand reference to the title of Al Goreís feature film about global warming, Walker commented, "People need to see it, it represents the real inconvenient truth." The film is designed to alert young Americans to the debt burden they face as they grow older.

In 1992, Peterson enlisted Senate veterans Paul Tsongas of Massachusetts and Warren Rudman of New Hampshire in a deficit-fighting venture called the Concord Coalition. Unlikely candidates to fight federal indebtedness, Tsongas and Rudman had each compiled records as big government spenders. In its 16 years, the Concord Coalition has accomplished nothing in holding down the ever-larger deficits and ever-threatening unfunded promises contained in Social Security, Medicare and other so-called "entitlements." The new Peterson Foundation will likely produce similar results.

Peterson wants the American people to believe that heís a hard-nosed conservative who can be counted on to champion fiscal responsibility, less government and lower taxes. From 1977 to 1980, however, he served as one of two U.S. members (out of a total of 18) of the Brandt Commission, a project of the Socialist International (SI). Actually, the fifth try at organizing the world according to Karl Marx, SI tapped the former chancellor of Germany, Willy Brandt, to lead in producing a new blueprint for international socialism. The Brandt Commissions recommendations, announced at a gathering held at the United Nations, were completely consistent with what can be found in The Communist Manifesto. Peterson would prefer that his participation in this outfit wasnít known.

It would be terrific if the newly formed Peterson Foundation could lead a campaign designed to stem our nationís headlong rush toward a fiscal meltdown. But, with Peter G. Peterson leading it, donít expect more than occasional bursts of indignation and little change.

Things to do ideas:
Hand out DVD's of Fiat Empire (http://video.google.com/videoplay?docid=5232639329002339531), Creature from Jekyll Island (http://video.google.com/videoplay?docid=6507136891691870450), Money as Debt (http://video.google.com/videoplay?docid=-9050474362583451279), and Money Masters (http://video.google.com/videoplay?docid=-515319560256183936).

Does anyone have any other ideas or comments on the current ideas?

Where the film will be shown:

08-15-2008, 02:36 AM
Maybe someone could find a way to contact all of the Ron Paul meetup groups and maybe the We Are Change meetup groups to ask them to see if they are near any theaters and try to organize an event to hand out information?


Ron Paul meetup alliance:

08-15-2008, 08:24 AM
Our group is doing this as an event - we have some cards we have designed (they will be available online soon ;)) but we have no flyer - I'd love a flyer if one is created -

08-16-2008, 12:54 PM
"I.O.U.S.A: An Independent Commisson Report"
"I.O.U.S.A: A Viewer's Handbook to the REAL Solution"

i don't like these, i'm not exactly sure what the first means and the latter asserts that you are proposing a better solution - when the movie is not even proposing one in the first place. and really i think you should just give people info and let them decide for themselves.

if your aim is at an economic debate of keyensian vs. austrian economics (which the movie is not exactly about - but about debt in general) then i would create a flier that just focused on that. have some convincing charts and infos and title it something like 'do you know how money works?' 'what is going on with the dollar?' 'what was the federal reserve's role in the housing bubble?' or something among those lines.

08-16-2008, 02:40 PM
Good idea sickmint79, there should be a clear description of the goals of the flier. I think the best goals would be to:
1. Inform people about the Federal Reserve system, monetary theory, and inflation.
2. Inform people about how the Federal Reserve and the monetary system affect the debt, and an economic debate of keyensian vs. austrian economics.
3. Propose solutions to the problems that the movie alerts people to, and possibly try to alert people to false solutions proposed by questionable people and organizations.
4. Give links to more information for people to research. Maybe hand out related DVD's too.

Maybe something like "What can be done about the national debt? What is the Federal Reserve's role in the national debt and housing bubble? Do you know how money works?"

The content could be about:
Money in general,
a discussion of keyensian vs. austrian economics,
the Federal Reserve system,
the national debt,
proposed solutions,

I'll try going on some other forums to see if anyone that is more knowledgeable about this stuff than I am can write something short to explain these things correctly, and I'll try writing a little from what I understand.

08-16-2008, 04:15 PM
do note that the fed does not have a role in the national debt - that's all congress. now protecting the dollar... can argue between congress/treasury/fed but i'd put much onus on the fed.

08-16-2008, 07:56 PM
Is there interest paid on any of the debt to the Federal Reserve (due to borrowing from the Fed at interest)? Also, does inflation affect the costs which are then added to the debt?

If the Federal Reserve helps make inflation, and the costs of things go up, then will the spending on the same level of services/products even without adding anything cause the debt to go up?

The IOUSA Peter G Peterson Foundation 'citizens guide' doesn't mention Congress much, so the flier could also have an explanation of who helped cause the debt, and mention Congress. Although isn't the fiat money system the reason Congress is able to spend so much and has no actual limit to spending, which helps them keep adding to the debt? So again, the Federal Reserve and fiat money system seem to be the root of the debt problem, not just Congress.

08-16-2008, 08:09 PM
I read the title and was prepared to unleash hell...

Thanks for the surprise :D

Definitely an awesome idea. Make it happen :p

08-16-2008, 08:47 PM
The title:

I.O.U.S.A: A Grassroots Analysis
I.O.U.S.A: An Analysis You Won't Hear in the Media.
I.O.U.S.A: The Tinfoil Hat Analysis (:eek: - sorry...I have been called that for a while :D)

08-17-2008, 03:06 PM
again - you need to watch the movie at least 1 whole time before you can make an analysis of it.

08-17-2008, 03:18 PM
Is there interest paid on any of the debt to the Federal Reserve (due to borrowing from the Fed at interest)? Also, does inflation affect the costs which are then added to the debt?

If the Federal Reserve helps make inflation, and the costs of things go up, then will the spending on the same level of services/products even without adding anything cause the debt to go up?

The IOUSA Peter G Peterson Foundation 'citizens guide' doesn't mention Congress much, so the flier could also have an explanation of who helped cause the debt, and mention Congress. Although isn't the fiat money system the reason Congress is able to spend so much and has no actual limit to spending, which helps them keep adding to the debt? So again, the Federal Reserve and fiat money system seem to be the root of the debt problem, not just Congress.

i don't assert that i know 100% of how the fed works. my understanding is that any interest paid to the fed is returned to the us treasury.

to your second question - not exactly sure what relationship you are trying to make here. the debt isn't like causing inflation or something. if congress passes a budget with a defecit and is short 500 billion though, that will add to the debt and probably result in some inflation. the 500 bill will be added to the debt for you/your children to pay off, and the source of the 500 billion will be from our debt that we sell to china or we just print. so china may loan us 300 billion and we may just write the other 200 billion on the books. the 200 bill would be 100% inflation causing. this is my understanding at least.

congress is responsible for the national debt almost/fully entirely i think. they run the budget defecits, they pass the social programs. the fed is just a body that enables them to run the defecits, but congress is responsible for approving them. the debts are allowed to exist easily within the fiat system because there is no tie of the dollar to anything like a commodity to prevent abusive creation of money. of course even if you have a commodity you are able to make more money than you should (like FDR repricing gold) - but with this physical tie the money supply growth is still limited quite a bit - which is why you don't see a major increase in CPI until 1971 when nixon took us completely off gold.

the major argument for austrians isn't exactly around the defecits and national debt but that the centrally planned manipulation of the fed's interest rates, essentially a price control for the cost of money/credit, leads to a misallocation of capital. and inflation discourages saving money. they believe the business cycle would be quite smooth these days, especially with the increases in technology and forecasting, and what we actually have today is a bubble cycle; bubbles bursting and being blown anew via the fed's easy money policy where the interest rate is kept too low and for too long. once you run out of bubbles to blow you will either have a bad recession or outright depression the thought goes.

in inflationary times keyensian economics says to raise the rate, although the fed has a dual mandate (as opposed to the ecb) that includes encouraging growth. we cannot actually raise rates very high (like paul volker did for the 70's stagflation) because back then the us was a net creditor, and today we are the largest debtor. also our debt then was denoted in 20-30 year bonds, whereas today much of it is in 2-year notes. so with all this debt not only would it be difficult to pay a high interest rate on because there's so much of it, but also after 2 years EVERYONE would be holding the high rate 2 year bonds, vs. only x many people getting to do that back then because they had to wait 30 years to roll out of a note. that's my understanding at least.

08-19-2008, 09:07 AM
Right sickmint79, "the Fed is a creature of Congress," and so they have the power to also destroy the Fed. So it's the fault of Congress that the Federal Reserve Act hasn't been repealed. And since the Fed hasn't been repealed then Congress is responsible for the debt that the existence of the the Fed and fiat money system allows.

So it's people in Congress that need to be aware of what their power is, and what the Fed is, and why the Federal Reserve needs to be abolished.

I've been really busy so I don't think I'll be able to work on a flier on anything. :[ If someone else can, please try to continue with this project. I don't know how long any theaters will show the movie but we might still be able to do something at other showings.

08-19-2008, 12:30 PM
eh it sounds to me solus like you are trying to blame the entirety of debt on the fed, and that is certainly not the case and is minimally at best. we had debt before the fed. you can have debt on a gold based system too. the difference is that you get gold back instead of empty promises ;)

i do not think we will go back to a gold standard unless their is a catastrophic failure of the dollar or the system is pushed to be very very painful. people won't start listening or waking up en masse until inflation is really stretching budgets and nailing everybody pretty hard - possible this may happen if things get really bad coming up - and i expect them to get pretty bad but we'll see!