Showing posts with label Treasury. Show all posts
Showing posts with label Treasury. Show all posts

Tuesday, February 18, 2025

Time To Audit Time To Jail

 



Is this true?


Chelsea Clinton receives an annually-recurring funding from USAID, allocated by Obama for her Foundation, which provides afternoon meals to children in Africa, India, and Bangladesh.

However, as of today, the reported number of meals served stands at 11,886, implying an astonishing cost of $1,410 per meal.


Net Worth $70 Million

Husband Net Worth $45 Million

Inheritance $52 million

USAID Earnings $3.9 Million per year

Real Estate Assets $25 million

Monthly Spends $100,000

Car Collection Eight


And of course there's absolutely nothing Deep State corrupt about the Clinton Foundation, at all. In  related news, those lovable pranksters at DOGE discovered the Treasury's sent out 4.7 TN$ in untraceable payments to, errrr, someone. 4.7 TRILLION to persons and parties unknown. That's equivalent to an entire year of US tax revenue, and we haven't even gotten to the Pentagon.

We have to ask; if  rampant, egregious, underhanded, systemic, fraud, corruption and grift were cut out root and branch, would we be running a grievous, country-destroying national debt? Serious question, punters. 

Let's see our money back,

LSP

Saturday, September 16, 2017

Hypersonic Debt



Now that Dallas has removed its infamous statue of General Lee, we can safely assume that everyone's going to be better off and a brave new world of tolerance, diversity and equal opportunity can begin now that institutional racism is finally erased from our parks. But not so fast, readers.

In your excitement over statues you may not have noticed that we're $20 trillion in debt and climbing at a rate of around $1.1 trillion a year. That's something like $34,880 a second or if you picture it in terms of the speed of sound, which is 1,125 feet per second, our debt is flying at over Mach 30. Eat your heart out, Chuck Yeager.




This means that the US is hurtling towards bankruptcy at hypersonic speed and looking somewhere down the pike at a Grecian-style sovereign debt crisis. So how do you resolve a >104% debt to GDP ratio, with a $19 trillion economy and a $20 trillion debt overhang?

Through tax cuts and economic boosting? Good call but not enough. You solve the problem by devaluing the dollar, by inflation.




Jim Rickards, at Zerohedge, suggests this can be done by the Treasury inflating the price of gold, from around $1,330 an ounce to $5,000 through the use of a Gold Certificate issued to the Fed. It's been done before, in 1934 and 1953, under the Roosevelt and Eisenhower administrations respectively. And sure enough, inflation ensued.

Problem? Solution, except that your dollars will be sadly worthless. Of course there's another option which perhaps goes hand in hand with the first, war.




You can read all about the debt here and here. Or obsess about statues in parks, your call.

Midas Touch,

LSP