US GDP Growth

US Government Debt & Spending Run By Lawyers; SCRAPE

Posted on by Helena

Media Pundits are calling for an audit of the Federal Government.   As a former CPA, I can assure you that at this point, such a brainstorm is laughable.  By the time an audit was finished in 2035 It would have no value.   The government isn’t even sure how many agencies and subagencies it operates and funds – much less how much is spent.   The Pentagon lost $3 trillion before 9-11.   USAID gives away money like Skittles.   And the flow of government NGO funding is thru a maize of offshore entities, foreign entities, and more anonymous middlemen than a New York Times article!

Yet somehow, our esteemed liberal loonies have claimed to track down $5.6 million that was paid to Trump hotels for conventions, parties, and vacations that is deemed ‘foreign interference’’.   The deflection from Joe and Hunter Biden’s escapades and their mélange of friends, family and associate Big Guy partnerships – is lame duck.   None of which will make it to a DOJ court before the 2024 election.

  1. Hunter did not declare the ‘income’, the investments, or Joey’s involvement. He filed false tax returns, lied in alimony court, and funneled untaxable money to family members illegally.  By contrast, Trump’s legitimate hotel businesses simply made money and reported it correctly.
  2. The Biden’s were taking money for pay-for-play bribes, as opposed to legitimate business dealings. The SPIN is Trump’s ‘greed’.

Yet, still the focus is on a few million while the Pentagon manufactures fake books, maintains black books, upholds cash bribes, and funds mercenaries while trying to claim it is all miscellaneous expenses in order to balance the Balance Sheet.   Which is NOT within the limits of Accounting regulations.  It would take another 10 years for an Economic Major DOJ to figure out what the audit meant and another 10 years to figure out what to do!!!

The only way to Balance The Pentagon budget would be to wipe it clean and start from scratch.   Fire 70% of the administrative employees and hire some brainiacs to monitor expenditures.   Not just of The Pentagon but of every agency.   Financials would be due by February 28th and subject to penalties, interest and possible jail for deviations.  No funding until the books are uncooked.

The fact that government has been allowed to skate the same requirements imposed on those taxpayers funding them, is beginning to find sure footing by The People.  

As Haley’s popularity fails among anyone other than democrats and rhino’s, Obama is looking to call it a fold for Biden sometime in May so as to insert Big Mike.   Such a move would solidify the anti-white genocide and ramp it into hypersonic mode.  It would also drive the US significantly closer to a civil war.   All of which is designed to RESET the $40 trillion in debt that the US can never reduce or pay!  But would ALSO destroy the accumulated wealth of the elite as their properties would be targeted.

Just in time, the GDP rate has been released by the White House which claims the US rose at a level 3.3% rate for 2023.   Yeahhhhh.    Apparently, GDP rose 5% in Q1, 3.7% in Q2, and 2% in Q3 & Q4.   There are two drivers affecting GDP;   government spending and government spending.   Personal ‘spending’ was hiked by price increases and inflation.  Exports were virtually flat.   Employment continues to be inflated by BLS to the tune of 30% to 60% compared to Automatic Data Processing.   But no one seems to notice or care – because the government would never ever lie – pinky swear.

Listening to media entertainer pundits crying for a federal audit would be like giving a bunch of lawyers the power to run Congress.  Oh wait.  And Nikki Haley’s degree in Accounting ain’t gonna cut it, anymore than 3 semesters of Law makes me a lawyer.  I digress.

The Budget Deficit for 2023 was anywhere between $1.5 trillion and $2.6 trillion – according to who is doing the common core math.   They Are NOT SURE!    Receipts for 2023 were $4.4 trillion.  In a corporate world that would mean the Net Loss was between 34% and 59% of revenue.   Would you invest in that company?   Japan and China continue to hold the largest percentage of US Debt at 25%, However, China has been steadily selling off US Treasuries due to their increasing insecurity.

The value of US Dollars fluctuates with trade.   Thus Treasuries somewhat parallel the value status.   All are pegged to the perception of an Empire.   As sanctions and wars and instability continue to reign, countries decouple from the US dollar based on economic uncertainty. and sell off Treasuries.

In 1944, the same FDR Reign of economic destruction called The New Deal initiated the Bretton Woods Agreement No Agreement wherein the US dollar was pegged as the world’s reserve currency – by the US government.  As a direct result, the amount of US dollars in circulation rose from roughly $5 billion in 1940 to roughly $30 billion in 1950 – an increase of 600%.  How?  Printing Money.  Today, that printed money amounts to $2.34 trillion.

Raising interest rates does not reduce the amount of currency in circulation – it simply slows the increase of NEW currency.   A stagflation.

The 2023 Federal Reserve Financial Statements (unaudited) show unrealized losses of $800 billion Treasury Securities, and $510 billion in commercial and residential properties.   The entire Balance Sheet of the Federal Reserve is based primarily on issued securities, ie T-Bills, bonds, Mortgage backed securities, etc.   If the market tanks, if the dollar falls, the Federal Reserve valuations and solvency tank.    Yet the debt remains.

To deflect from the absolute gross mismanagement of US Taxpayer’s money, the only respite is a do-over via a digital currency.   An allusion of valueless money.   But this solution is the only way they know to bury the $40 trillion debt.   Because US Taxpayers are on the hook for a whopping 75%  – only 25% of US debt is now foreign owned.

But somehow, an audit will solve this in the minion minds of ‘lawyers’.  Or a Flat Tax, another non-solution that has been attempted and tabled for at least 60 years.  The Pentagon’s solution was to blow up the evidence via the Twin Towers.  And POOF – $3.4 trillion was never discussed again.

This is what happens when lawyers with zero business acumen think they can run a country store – much less a state or country.   These are the stalwarts of the WEF and WH shadows that want to run the GLOBE –  They can’t even run a farking candy machine of skittles and make a profit.

SCRRRAAPPPEEE.   Congress, the system, and start over.   The ONLY way means – they all get ‘fired’.   It means ramping up TRADE by eliminating sanctions and ending all wars tomorrow.   It means confiscating the wealth earned to create the debt.   It means no more lawyers in Congress.   It means scrapping pensions in government with the exception of the Military.  It means Generals have to earn MBA’s.  And of course, it means no aid, grants, or charity to anyone.   SCRAPE!    

IMF: A Crumbling Figurehead

Posted on by Helena

The IMF has lowered its global economic forecast citing as the main fault the US-China trade debacle. It stated that Germany would be hit particularly hard as well as a number of EU countries.   China and the US would also show slowed economies… China was slated to show a growth rate of 6.2% which was lower than the previous July at 6.4%, a minimal decrease. Bbut “Both” numbers are apparently the smallest growth since 1990.   That would indicate that the global growth rate was falling before the US trade war.

So how then can the US-China trade war be a consideration when it’s impact represents such a small reduction?

And is the IMF even an accurate ‘predictor’?

In 2013, Zero Hedge posted various graphs showing the IMF crystal ball predictions regarding World Growth, US Growth and China Growth.  The quarterly revisions for China resulted in an ultimate downgrade of roughly 1.5 percentage points, for the US .8 percentage points, and for the globe .5 percentage points, which extrapolate to a margin of error of a high of 17.2%.

Not exactly a stellar Economic Opinion.

But it also begs the question if the global rate is only 3.4% average and India and China are over 6% and 8%, that means the relative weight of the value of all goods and services is flat – and these spikes from various countries don’t really have much of an impact on the global worth.   While GDP rates are important on a country by country basis, the global rate is likely only significant when measuring those countries with the highest values when marking economic health.   For example if you have five companies each earning $1 billion, and a sixth company earning $1000, if the company earning $1000 is now earning 55% more or $1550 the global impact is not relevant.

Libya has the honor of checking in with the highest annual GDP rate 55.1%, followed by Ethiopia at  8.5% and a list of Asian and African countries that follow.  The US, China and parts of the EU remain a turtle’s pace, but the Tortoise still beat the Hare.

A study done by the Heritage Foundation between 1977 and 1998 in analyzing the reliability of the IMF predictions, found that the margin of error for developing countries was tied to IMF funding.  The bias stemmed from whether a country received IMF funding with over-estimation errors being the rule.

A quick glance at Germany reveals that imports and exports are slightly down this year compared to the previous year, and external debt is at an all time high.   These measurements came ‘before’ any US trade issues.   But those numbers are relatively mirror images of all the biggest value countries – debt is at an all time high, and trade is flat.

The final analysis by the Heritage Foundation:

“WEO forecasts shows the prevalence of systematic turning point errors relative to the actual value. 14 These errors take the form of consistent under- and overestimation, which are pervasive in WEO projections for output growth, inflation, and balance of payments on the current account in both industrial countries and developing regions.

Turning point errors imply that the IMF forecasts fail to capture and include crucial economic events and shocks. This failure would weaken the IMF’s effectiveness because early diagnosis of its member countries’ vulnerabilities to potential crises is critical to fulfilling the IMF’s mandate of ensuring the international financial system’s stability. Tables 1a and 1b report the results of this analysis.”

So why do we listen?  Why does the market react?  Why should we care?

Because we are ingrained to believe that the IMF has reliability when in reality – they don’t.  Markets are driven by factors more relevant to money supply and interest rate projections.  The IMF really has no power, they remain a figure head that has long outlasted their initial value.  Initially created to help countries balance exchange rates and provide short-term capital to balance payments, instead, today they are a dictatorship whereby developing countries sell their souls for loans they can’t repay.

In response to the flagrant corruption within the IMF, China created the Asia Infrastructure Investment Bank in 2014, and the BRICS created the BRICS Contingent Reserve Arrangement.

Ocotber 1st, the IMF appointed a new top Economist, Gita  Gopinath born in India, schooled at Princeton, teacher at Harvard, and student of Ben Bernanke.  She is responsible for over-seeing forecasts – predictions.  Her particular proficiency would seem to be currency movements, interestingly, the same market advocated by Soros.   She has stated that the movement of currency is faulty because it is invoiced in US dollars.

The dollar is still quite strong, but a shift is the agenda.