US treasury debt

US Tax Structure & its Civilian Agencies incl – SS Administration

Posted on by Helena

Tax Man!  Trump has declared no more taxes on Social Security or Tips. 

Social Security:    A.  technically, your social security was already taxed at the initial wage level because it was not a deduction from taxable wages – so taxing the receipts 40 years later while the government has had ‘use’ of your money and is now doling it out according to their whim – is a Scam of the highest proportions!   Not only is it double taxation, but you have no say in how much you can receive of your money.   B.  It is actually much worse – the money you get is based on fake inflation statistics that don’t represent reality in any orbital universe.  C.   The government does not account for Social Security as a ‘liability owed back to taxpayers’ – which is why the fund is broke.   D.  Government Pensions are accrued as a liability.

Tips:   Tips are not a wage, the tippee does not get to write off the tips from their income.  They are a gift.  In the world of accounting, an expense is viable if someone else is reporting it as income.  That’s the basic structure of what is taxable.  Anything outside of that structure is pure THEFT.

As of 2021, the Social Security Trust Fund was owed $2.908 trillion from a broke Treasury. The Trust Fund is required by law to be invested in non-marketable securities issued and guaranteed by the “full faith and credit” of the federal government. These securities earn a market rate of interest – roughly 4% per year. 

According to the Treasury, we have $5 trillion in Assets on $46 trillion in liabilities NOT INCLUDING Social Security indebtedness – the government considers their Social Security receipts as Income instead of a Debt.   When they make payments to retirees, it an expense.  Therefore, the true government Net Debt Load is $44 Trillion.  It is called funny accounting when we are told the load is $34 Trillion – the same funny accounting is utilized in reverse when the Pentagon reveals due to an ‘accounting error’ we owe Ukraine another $2 billion.  But Ukraine is NOT a government liability – so we OWE them nothing.

Who audits The Treasury?   The Treasury.  Via the Office of The Inspector General (OIG) – which is a Department of the Treasury.  RMA Associates is the agency that provides the services to the OIG.  In fact RMA has the contract to audit every single government department – as well as every federal government civilian agency.  Civilian Clients.  The President and founder of RMA is Reza Mahbod, of Iranian/Persian descent.  RMA was founded in 2009 during the Obama Regime.  Their only clients are the federal government departments and the civilian agencies within the federal agencies.

One such civilian agency client is the Inter American Foundation (IAF).  The IAF is a federal agency that funds Latin American and Caribbean ‘development’.  According to their website, their purpose is to provide grants to reduce poverty, their model is micro-loans.  Venezuela is one of their projects wherein they partner with Foundation of the Americas. Upon inspection of their website they don’t really exist. Other partners websites reveal similar nonentity status, no employees, leadership, financials, etc… including; Construyendo Puentes Dignos and Taller de Capacitación e Investigación Familiar (TACIF) which is ‘permanently closed’. 

It thus appears these partners, foundations, and corporations operating under the umbrella of the federal government using Taxpayer funding are simply laundering vessels.

The African Development Foundation is a corporation of the Federal Government funded by Taxpayers.  They work in 22 countries across Africa to create wealth and sustainability…  They provide no financial statements, and do not file a Form 990 as required for NGO’s and foundations.  Shell companies.

Social Security is broke…government pensions are not broke.

There are over 438 agencies funded by the government which are considered ‘civilian agencies’.  A civilian agency is defined as one which provides service to or on behalf of the Federal Government.  They are nonelected.  Paid for by Taxpayers.  They do not work on behalf of taxpayers because they are civilian, they work on behalf of the federal government because the Federal Government employees and Congress are incapable of working for The People. 

They operate in the US and across the globe.  They include the FDA, Department of Education, Department of Energy, EPA, Federal Reserve, and the SS Administration among others.  Martin O’Malley is the current director of our SS Administration.  He is a Hillary Democrat lawyer – with no finance background, 2 years experience as an attorney and a life long politician.  Like his masters, he is a Catholic who believes in abortion at any time.  He was voted into his SS position by the Senate based on his twofold focus:  improving customer service, and improving morale.  With these stellar qualifications the Senate gave him the job of presiding over SS funds that don’t exist.

Do we really need any ‘civilian agencies’?   Why don’t they come under the charter of official government agencies?

According to AI, the purpose of these agencies is:  The federal government has civilian agencies to serve citizens and protect and manage critical resources, cultural heritage, and daily life in communities.  This definition would apply to exactly One Agency, Department of Interior which is forthright in its claim they also “honor its trust responsibilities or special commitments to American Indians, Alaska Natives, Native Hawaiians, and affiliated Island communities.”  

What about the other 437 civilian agencies?   What do they contribute in this broad based definition?  They would be called ‘over-reach’ agencies put in place to continually expand the government to the point wherein Control and Superfluousness come to mind. While Congress sits on their proverbial bums and collect insider trade income.

The tax structure of the US is a mess.   Once again, I assert that tax revenue should be sourced from the 1.5 million NGO’s which operate via government funding, taxpayer funding, and ‘other’ government funding.  Eliminate all government funding, and tax them as ordinary income organizations.  Potential raised $750 billion per year+.

To Dream…

CHINA Trade War – Unraveled

Posted on by Helena

Communist China – is telling the EU to come together and work against the US in the trade war that is rapidly escalating…   Germany now wants to be acting mediator to resolve the conflict on behalf of China and the US.   And while Germany appears to agree that China has had an unfair advantage for years – and everyone was afraid to do anything – they still negotiate from a position of fear, instead of rationale.  Which is why we are in this situation to begin with.

It’s like playing Chess without a Queen or King…  what’s the point?

The deficit trade with China has been ignored for decades and now we have a President willing to narrow that gap, but the EU is still curled up in a ball of fear and ‘what ifs’.

It is a bizarre mentality that is willing to continually erode trade out of fear of retaliation when the continued spiral will only grow steadily until China is the wealthiest country – and global control has been attained.  It is the race between the ‘tortoise and the hare’.   In the end, if the EU was a bit more observant they might see that a positive result could occur wherein trade between the US and the EU could heighten leaving China on the outside…   In other words, trade would simply ‘shift’.

The US is not alone in its trade deficit with China.  The EU deficit is also a significant number hitting over $175 billion in 2016 comprised mostly of ‘industrial products including machinery, transport and appliances.  Exports have tripled since 2006 rising from roughly 60 billion to 160 billion, while imports have risen from about 195 billion to 350 billion.   Trade with the US is considerably more with the US exporting valued at $501 billion and imports at $592 billion.  The EU thus has a surplus with the US of roughly $92 billion.

Seems a rather logical conclusion that trade with the US is much more valuable than China.  Trade with the US could grow to cover any deficiencies with China, and everyone would be happy… except China.

While the US and China trade with the EU are overall relatively neck-and-neck, the US provides a surplus.  The question remains, do you, the EU, support a Communist state or a Democratic state?

China is the largest export economy in the world generating a $736 billion surplus.   Its main exports include:  computers, broadcasting equipment, telephones, circuits and light fixtures.   Top imports are:  circuits, oil, gold and iron ore.   The US is its largest export partner and Hong Kong is its largest import partner.

From a purely business standpoint, the numbers put China on the defensive.

The argument is the fact that China holds the key in their ownership of US Treasuries which currently stands at roughly 7% of total US debt.   What is not so widely discussed is the fact that during the Obama administration, China quietly divested 97% of its US holdings.  Of the $14,34 trillion of US government debt, $4,64 trillion was intragovernmental, meaning that the government borrows from one pocket to give to another pocket. Sort of the classic Ponzi Scheme we put people in jail for.

A shell game of ‘guess where the money  is’ is how the government has routinely claimed that Social Security is funded – albeit by ‘debt’.  Debt for which there is no return because we continue to operate at a deficit in trade and spending!

Because that’s the game of how to destroy the US and gain global power.

So what Trump is doing is trying to unravel that absolute destructive mess decades of corrupt Presidents have created at the behest of the global elite.   And it won’t be fun, and it won’t be pretty, and sometimes it will hurt, but from an economic standpoint it is the ONLY solution.