US ECONOMY and DoD Spending; Fraudulent CHAOS

Despite the US Military groaning and lamenting a dwindled inventory of weapons – a massive deal was enacted between the US and Saudi Arabia as Riyad and Iran seemed to be tracking closer as allies.   That would be the literal strategy…  as Saudi Arabia cozies with Iran – the Pentagon sells more weapons to – the Saudis, likely with attached coersion.    Stickier Indeed:    The Department of Defense Inspector General reviewed hundreds of weapon shipments to Ukraine, finding that half lacked proper documentation.  What could that mean?

In addition to the billions already wasted on Ukraine, the new Janet Yellen financial intelligentsia Advisory Committee has approved an EU/US loan to Ukraine for $50 billion.  What could be the collateral?   Yellen insisted the White House is confident that the American taxpayer would not be left responsible for repaying the loan. “We have a high degree of confidence that the money will be there and will remain locked down,” Yellen said.

Yet it is becoming more likely that Putin will have to take control over Ukraine in order to impede a repeat of the western tirade at some future date.  Given Ukraine elections never took place, Zelenskky’s favorability rating is likely in the range of Harris’ at 3%.  Ukrainians in the EU don’t want to return to their country, and some countries are now refusing Ukrainian immigrants –

Forcing them home means conscription and death.

While Lloyd Austin claims DRPK Troops are in Ukraine… he also said that DPRK troops are on the border but haven’t crossed into Ukraine – someone needs to have him pre-read the script before making commentary.  At this point we are in an FDR move.   Lie because the economy is breaking, and war is a distraction.

The WH is still touting America’s Great Tony The Tiger economy claiming an annual increase in GDP of 2.8% – per the Commerce Department.  According to their report:  The increase in real GDP primarily reflected increases in consumer spending, exports, and federal government spending (table 2). Imports, which are a subtraction in the calculation of GDP, increased.

Increases in federal government spending:  Led by the DoD, no financial reporting statements are available, however their FY 2023 audit was beyond abismal!  The FY 2024 budget was roughly $824 billion, $172 billion over the previous year – 27%.  According to their summary, they had available funds of – $1.9 trillion.

  • Contrary to Austin’s comments no quarterly financial statements are available at this time. In fact, it appears the last time a report was filed was FY 2023.
  • According to the FY 2023 audit – the committee found 2,615 corrective issues. The report is quite damning across the board with billions involved.
  • As of FY 2023, the DoD had $3.8 trillion in unverified assets on $4 trillion in liabilities.  Losing $200 billion in the nightmare of unaudited unverified funds.
  • FY 2023, the military awarded $765 billion in contracts for new inventory – Only 61% of contracts are paid for by the DoD…  HHS picks up a portion, Secretary of State picks up a portion.  39% of the DoD expenses are passed thru to other agencies.
  • This is how money disappears from The Pentagon.   More Ponzi mental aberration.

The CIA estimates the inventory of the US military at  – ‘unknown’.  

Increase in Consumer Spending:  This is a value benchmark – therefore when prices increase by 125% this is the fantasy land of increased consumer spending.  Consumer spending has actually contracted which is why retail bankruptcies and scale backs are so prevalent. 

Imports Increased:   This necessity is enforced due to the lack of internal manufacturing and the dependence on cheaper pricing.   Trade deficits continue to be incurred with China, Mexico, Germany,  Vietnam, Japan, South Korea, Ireland, Taiwan, Canada, Italy, India, Malaysia, France, Switzerland, Israel, Saudi Arabia, and the United Kingdom.  Deficits are a direct correlation to the inability to compete due to America’s high cost of production.

This is the economy and the state of America’s financial stability on which our esteemed State Department and DoD intend to go to war with Russia, Iran, the Middle East, North Korea, and anyone else who irks the BOSS.  They are running out of Lies.  

This is the Economy being transferred to a new President.   Debt Clock$7.2 Trillion spending with $35.84 trillion in debt.  In 1980 the US federal Debt to GDP was 34.7%.  Today it is 122.43%.  

Bidenomics: Trickle Up as Poverty Takes The Middle Class

The News Media are going ballistic today on how great the US economy is fairing under the Bidenomics plan of trickling up.   For the record, trickle up would indicate that the poverty is expanding upward and gaining momentum.

“Strong GDP is being bolstered by a boom in factory construction and investment stemming from huge pieces of subsidy- and tax credit-heavy legislation…” ~ The Hill.

  1. Taiwan is building two semiconductor plants in the US at a cost of $40 billion – subsidized by US Taxpayers.
  2. Intel is building a semiconductor plant in Ohio subsidized by US Taxpayers
  3. Samsung, a Korean company, is building a semiconductor plant in Texas – subsidized
  4. Abbott is building a nutritional powder factory in Ohio. Crickets? – subsidized
  5. Siemens, a German Company is building and EV Charger plant in Texas – subsidized
  6. Italy’s Enel will build a solar cell and panel factory – somewhere, sometime, undisclosed.

The demographics of all these companies is interesting roughly 70% male – all democrats – 15% Asian and 15% Hispanic.   How and why are these foreign companies suddenly so interested in building factories in the US?   It is all FREE!

  • The Inflation Reduction Act.   The Act provides $369bn of tax credits for clean technologies,
  • The Chips and Science Act allocates $39bn in funds for semiconductor manufacturing, and an additional $24bn of manufacturing tax credits.

The Bureau of Economic Analysis was founded in 1972, after being lost forever, it is tasked with estimating the variations in GDP.   In addition, their formulas determine which states get how much in federal funding.   Yesterday they released their estimate of US GDP growth with a revised upward outlook of 2.4%!   WOW Bidenomics is working! The US stock market has been heavily gaining – and all the Kings men…

The first caveat the BEA website states is the 2.4% figure is an ‘advance estimate’ – the real estimate will be released on pinpoint day – August 30.   The second caveat is the entire guesstimate is based on ‘spending’.   This would indicate that the cost of spending has increased – as in everything is more expensive.   What it does not measure is reality.

Exports were down – housing investment was down, imports and consumer spending were up and drove most of the GDP.

Consumer Spending was led by housing (rent increases) and utilities (air conditioning); health care (everyone is getting cancer from the vax); financial services (they changed the inheritance and estate tax) insurance (rates went up 35%); and transportation services(airline tickets double).

Consumer Goods also tracked higher led by recreational goods (RV’s and toys for summer) vehicles (price gouge) as well as gasoline and other energy goods (all inflated).

Imports reflect a rising Euro to a falling dollar and lack of exports indicate US manufacturing is tanking.

According to these government interpreters of truth;   the ‘price’ of goods and services increased 3.8% in the 1st quarter and an additional 1.9% in the second quarter.   Obviously the algorithm is operating in a parallel universe.

I sought to find out how this Bureau measures their analysis so I visited the data detail page Gross Output By Industry – and the last update was 2021.   Not a good sign.

Searching Trade figures – the last update was 2022 wherein the balance with Canada  tanked – having surpassed any point in history.   In fact, our balance of trade with just about every country has tanked.

Other Release Information by BEA includes:

  • US International Investment – Assets $34.72 trillion on Liabilities of $49.49 trillion for a negative Equity of $16.17 trillion.
  • New Foreign Direct Investment in US – 2021 $362.6 vs 2022 $177.5, down $185.1

It appears the Federal Government desperately needs a catastrophic event to wipe out reality. The three top picks so far include:   A UFO Report revealing aliens have crash landed on earth.   A war with China.   A Climate Pandemic Lockdown.

It Also Appears The Media is languishing in Disinformation Propaganda Once Again.