Given the blatant lies about the Labor stats recently noted, I thought it was a good time to review once again the US Treasury Financial Positions and ‘notes’ therein. The last update was FYE 2023. One line item worth noting was PP&E (property, plant and equipment) values at $1.235 Trillion or 23% of total Assets with an explanatory Note:
“General PP&E consists of tangible assets, including land. Internal use software, land rights, assets acquired through capital leases, and leasehold improvements are also included. DOD comprises approximately 67.4 percent of the government’s reported general PP&E, net as of September 30, 2023. DOD continues to implement SFFAS No. 50, Establishing Opening Balances for General Property, Plant, and Equipment which permits alternative methods in establishing opening balances for general PP&E.
The unaudited statements claime Assets – $5.4 Trillion on Liabilities of $42.9 Trillion. Net Worth = $(37.48) Trillion. Assets included $1.7 trillion in receivables of which the vast majority is STUDENT DEBT.
The DoD is MUCH WORSE: The auditors noted 66 pages of deficiencies and irregularities in the accounting process of the Pentagon Complex. Total Assets – $3,781,213,000,000 on Liabilities – $3,951,985,000,000 for a Net Wealth of $(170.77)Billion. Inventory valuations and PPE valuations account for $1.173 Trillion of total assets – which are accounted for under the DoD’s “Alternative Accounting Methodology”. DOD spending was $1.362 Trillion… – their budget was $858 billion resulting in an overspend of $504 Billion or – 59%.
Due to the extent of Pentagon Fraud – the Auditors could not provide an opinion.
Social Security Payable is NOT accounted for in any Balance Sheet for ANY Department.
According to a graph created by the Bureau of Labor Statistics for employment levels 2014 thru 2024: employment stats reveal that 20 million people lost their jobs in 2020, roughly 3 million were recovered before being lost again…by the end of the year. This is the great economy Biden touts. Jobs that were never recovered – budget deficits of nearly 60% – and a whole lot of Blatant LYING.
The Infrastructure Bill passed in 2021 by Republicans and Democrats called for $3.5 trillion in expenditures to improve bridges, EV charging, Wastewater structures, Internet access, habitat restoration, etc… the Department of Transportation actually spent a total of $108 Billion in 2023 and $114 Billion in 2022 – which included Employee Costs and Administration. Their NET POSITION as of 2023 – $277 Billion…
These Financial Statements were audited by KPMG – classified with ‘Significant Deficiencies’ – no opinion offered. In other words – little to NOTHING was actually improved – and the records are a veritable MESS.
The fact that the vast majority of our Congress is made up of Lawyers with zero understanding of Finance would explain why we have a Financial Crisis. It would explain why the DNC Hunger Games witnessed a barrage of pathological lies built on deception and fraud. It would explain the bankruptcies, the 2-3 jobs per person, and the need to import illegals in order to deflect from the Financial Facts to another created crisis.
Giving the state of America to Trump would be their holy grail so as to attempt to project the entire mess on MAGA. Not to worry – Russia has opened up their VISA program to accept westerners with open arms – as long as your Christian and societal values do not match the Democrats and Rhinos.
WAR DEFLECTION:
The Israeli ‘Revised Peace Deal’ as newly created by the Blinken and Netanyahu Cartel is a joke. Revisions include: 1) Hamas must release all prisoners, 2) Israel to release zero of the 10,000 prisoners held illegally, 3) Israel may continue to bomb Palestine relentlessly, 4) Israeli IDF Soldiers will occupy all Palestinian cities and conduct executions at will without recourse.
The Ukraine proposal as drafted by the CIA and Blinken is no different. It is NOT built on any ground of reality and instead invokes an almost comedic quality. As of the CIA strike on the Kursk Region and the Nuclear facility Russia has declared that a peace deal in any form is no longer viable. Ukraine will be eliminated of its foreign pockets.
And for all intents and purpose – The American Empire Will Fall. The shock heard ‘round the world –
The slight of hand magicians will be forced back in their caves. No country will want them – their money will be worthless – and their dignity will be spoiled rancid milk. Surviving Americans will be building from scratch. It is likely that Africa and the BRICS will become the next Empire of sorts. All the grand talk of building up nuclear weapons will never take place – there is no money – there is no power. There is only – The Matrix…