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Duration : 0:8:5
Each of the three financial statements captures different aspects of a companies financial situation – about operations as a going concern (Income Statement), about actual cash flows – also going beyond Operations to include Investing and Financing (Cash Flow Statement) and the assets and liabilities of the company (Balance Sheet).
Therefore it only makes sense that some links exist between all the three statements – income and cash flows for example, income over a year that is not paid out as dividends and change in assets etc.
Having an appreciation of these links is a clear indication that conceptually the 3 financial statement have become clear.
Duration : 0:4:32
The financial reform bill currently working its way toward President Barack Obama’s desk for signing is being touted as the biggest overhaul of the banking and investment sectors since the Great Depression.
But the new regs won’t be any more effective than the ones they replace in fixing anything or preventing the next major panic for at least three reasons.
1. New Watchdog, Old Tricks
They create a new watchdog consumer agency designed to protect consumers from their own supposed stupidity. You’ll now be facing fewer choices when it comes to getting credit cards, loans, and other basic financial transactions.
2. Never Too Big To Fail
They replace “Too Big to Fail” with… “Too Big to Fail.” One of the reasons why major financial institutions played Russian Roulette with the economy was because they were betting they would get bailed out. Which is precisely what happened. The new rules codify the idea that the government will make sure certain institutions can never fail. And if you think the big boys won’t game that system, then you don’t understand how well Citigroup, Goldman Sachs, et al have come through the current meltdown.
3. Housing Bubble Trouble
The financial crisis was set into motion by government policies that encouraged people to buy homes they couldn’t afford at prices that were unsustainable. Between desperate attempts to keep people in houses and to keep interest rates below an effective rate of zero, the government continues to pour more money down the same rathole.
Markets work best when the risk and reward incentives are clear cut. When investors know they really can lose it all, they act responsibly with their money. If regulators think they can create a system that cushions us from bad decisions and doesn’t encourage bad behavior, it’s a delusion we’ll all be paying for for a very long time.
1. New Watchdog, Old Tricks
They create a new watchdog consumer agency designed to protect consumers from their own supposed stupidity. You’ll now be facing fewer choices when it comes to getting credit cards, loans, and other basic financial transactions.
2. Never Too Big To Fail
They replace “Too Big to Fail” with… “Too Big to Fail.” One of the reasons why major financial institutions played Russian Roulette with the economy was because they were betting they would get bailed out. Which is precisely what happened. The new rules codify the idea that the government will make sure certain institutions can never fail. And if you think the big boys won’t game that system, then you don’t understand how well Citigroup, Goldman Sachs, et al have come through the current meltdown.
3. Housing Bubble Trouble
The financial crisis was set into motion by government policies that encouraged people to buy homes they couldn’t afford at prices that were unsustainable. Between desperate attempts to keep people in houses and to keep interest rates below an effective rate of zero, the government continues to pour more money down the same rathole.
Markets work best when the risk and reward incentives are clear cut. When investors know they really can lose it all, they act responsibly with their money. If regulators think they can create a system that cushions us from bad decisions and doesn’t encourage bad behavior, it’s a delusion we’ll all be paying for for a very long time.
Approximately 2 minutes. Produced by Meredith Bragg and Nick Gillespie, who also hosts.
Go to http://reason.tv for reference links and downloadable iPod, HD, and audio versions of this and all our videos, and subscribe to Reason.tv’s YouTube channel to receive automatic notification when new material goes live.
Duration : 0:2:8
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Duration : 0:7:33
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Duration : 0:8:21
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Duration : 0:7:56
Alex also talks with Gerald Celente, renowned trend forecaster, publisher of the Trends Journal, business consultant and author who makes predictions about the global financial markets and other events of historical importance. Alex also covers the latest news and takes your calls.
www.trendsresearch.com/
http://www.infowars.com/
http://www.prisonplanet.tv/
Duration : 0:10:27
http://www.house.gov/paul
http://CampaignForLiberty.com
Congressman Ron Paul at the financial Services Committee markup for “Investor Protection Act of 2009 (to be reported as H.R. 3817)”
Duration : 0:5:9
Cartoonists and comedians have a field day as Greece battles its worst crisis.
Al Jazeera’s Barnaby Phillips explains.
Duration : 0:2:32
Congressman Ron Paul talks about his confrontation with Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke at the financial Services Hearing, July 10, 2008.
Originally posted at Dr. Paul’s congressional website:
http://www.house.gov/paul
Sign up to be a part of Ron Paul’s Campaign for Liberty!
http://www.CampaignForLiberty.com
Duration : 0:6:55
