I’ve long-stated that the government of the United States is completely insolvent.
And that is 100% true statement.
The government’s own numbers show that official liabilities, including debt held by the public and federal retirement benefits, total $20.7 trillion.
Yet the government’s assets, including the value of the entire federal highway system, the national parks, cash balances, etc. totals just over $3 trillion.
In total, their ‘net worth’ is NEGATIVE $17.7 TRILLION… a level that completely dwarfs the housing crisis.
If you include the government’s own estimates of the Social Security shortfall, this number declines to NEGATIVE $60 TRILLION.
And it gets worse every year.
Now, is this balance sheet an accurate reflection of reality? Do we really trust the bean counters to tell us what the United States of America is really worth?
Surely there must be significant intrinsic value to the United States military, for example.
Or the US government’s ability to collect taxes.
Or what about the value of all the natural resources underground?
These must all be HUGELY positive and would swing the government’s net worth back in the right direction.
The US military is certainly one of the best-trained and most effective forces in history.
But it’s difficult to place a substantial value on it when the government can no longer afford to use it.
And even when they do use it, the overall cost of doing so is negative.
The wars in Iraq and Afghanistan have cost the taxpayers $4 trillion. But where’s the financial benefit?
Aside from a few defense contractors profiting handsomely, the Chinese got most of the oil.
ISIS ended up with much of Iraq. And Iran made out like a bandit, with the US government taking out its most threatening neighbors free of charge.
Bottom line, even the best asset in the world can end up being a big liability if it’s used improperly.
So what about the tax authority of the US government? If Uncle Sam can collect $3 trillion in tax revenue each year, surely that must count as a huge asset.
And it absolutely is. If you conduct a Present Value calculation of the future tax revenue of the US government discounted by the official 2% rate of inflation, the US government’s ability to tax its citizens is ‘worth’ $150 TRILLION.
But… if you’re going to count the government’s tax authority as an asset, you have to be intellectually honest and consider the expenses as liabilities.
Think about it: yes, the government brings in tax revenue every single year. But for nearly every year over the last seventy years, they’ve spent far more money to deliver on the promises they’ve made to their citizens.
Those promises are liabilities. And given the government’s spending history since the end of World War II, the liabilities far exceed the tax authority asset.
More importantly, though, isn’t it a little bit scary to consider that the government’s #1 asset is its ability to steal money from you?
Or that the only way the government can make its liabilities go away is by defaulting on the promises it has made to its citizens?
That’s their only way out: steal from you, and default on you.
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Join me in today’s very sobering (and inspiring) podcast as we dive deep into the government’s own numbers and discover the truth… and what you can do about it.
In the night from Tuesday to Wednesday, four warships of the Russian navy in the Caspian Sea have fired a total of 26 cruise missiles on positions of ISIS in Syria, the Russian Defense Minister Sergey Shoigu announced.
'Intensive work of the various intelligence agencies in the past two days have made it possible to discover a large number of IS systems. Command posts, ammunition dumps, arms depots and training camps of militants. In the early morning, war ships of the Caspian Flotilla and airplanes were used against them. Four missile cruisers fired 26 cruise missiles at 11 targets. According to the control data all targets were destroyed. Civilian objects suffered no harm'
Parsifal, October 7, 2015
That's a big surprise, an attack on the ISIS from the Caspian Sea, so from the other side.
Who would have thought it possible ?
I used to swim on the Iranian side of the Caspian Sea and took a vacation, which is 25 meters below the normal water level of the oceans.
This means that the Russian remote cruise missiles had to travel 1.500 kilometers, demonstrating the power of this weapon.
In addition, the countries of The Iran and Iraq had to be flown over to reach Syria.
The two governments have apparently given permission to overfly their territories.
We see here an example of how the four countries, Russia, The Iran, Iraq and Syria to cooperate militarily in the fight against the terrorists.
'As of today 112 goals since September 30 have been hit'
'The intensity of the attacks will increase. The Russian air forces have destroyed 19 command posts, 12 ammunition depots, 71 military units and 6 factories producing booby traps. 23 aircraft continue hammering the positions of militants since this morning '
ISIS hiding weapons next to mosques
The following video shows footage of a Russian drone showing the displacement of weapons of ISIS.
Due to the effective destruction by the Russian attacks vehicles with weapons and ammunition are placed directly next to mosques and other civilian buildings.
So they should be protected from the attacks, or if they are destroyed, one has the excuse, how but evil are the Russians, because they attack mosques.
Since the ISIS blows historical monuments from the Roman era without scruple in the air, as is happening again in Palmyra, is be trusted them entirely to blow up mosques as False Flag to make it look like a work of Russians.
With this covering by the System Media, we soon may brace for.
The difference between a radical and a moderate terrorist:
President Putin's 63rd birthday on October 7 !
'Благодарность за помощь в Сирии' - Парсифаль
'I love Germany and make no bones about it. I speak always bad German, but I like the German language. I love German culture. It occupies an enormous place in the civilization of mankind. Russia has always been linked by close ties with Germany'
- Russian President Vladimir Putin in an interview with Süddeutsche Zeitung October 11, 2006
We can still remember the embarrassing speech by Netanyahu three years ago, before the UN General Assembly, where he showed the world the caricature of a bomb, like from the Cartoon series 'Road Runner' and drew the red line, which was and is completely ridiculous.
He tried the UN to persuade The Iran has the bomb, wants to destroy Israel and therefore The Iran must be attacked.
Parsifal, October 2, 2015
Except smiling, there was no response.
Meanwhile, the members of the UN security Council (P5+1) agreed in Vienna with the conclusion of the nuclear agreement with Tehran.
It is proved that The Iran does not pose a hazard, the nuclear facilities are controlled, the sanctions soon to be lifted, we all can return to normality in the relations, the economy is in the ready, doing good business with The Iran.
After his appearance with the bomb cartoon was Netanyahu the laughing stock of the Internet: But the Israel Lobby kept on and on, and tried all means, including threats and bribery, to sabotage the ratification of the agreement with The Iran in Washington.
Did not work, and Netanyahu has, therefore, before the UN let off steam.
On Thursday, he was again harping the same old story and the lies to umpteen times, argued that Iran is evil, Iran has the bomb, Iran wants to destroy Israel.
Only a few country representatives were, therefore interested in his speech in what the many empty chairs showed.
It is clear, who cares still about his constant fear-mongering, now where the case with The Iran is done.
In addition, the audience is tired of the whining, the victim role and the naysay.
He complained, therefore, to the still present members of the UN, they would do nothing, and about the danger of The Iran, in his opinion, be silent.
He stared at the attendees, about 46 seconds with saturnine look, and not a peep was heard.
The guy is really not quite right in the head, which is but nothing new.
He behaves as if he was the boss, threatens with raised finger, and lead all by the nose.
But since nothing, because no one is more artificial shit-friendly and still has no fear of retaliation by the Israel Lobby, because that was already too often overused.
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If you scream MORE THAN 20 years ALARM !!!, and purport false claims Iran has a nuclear bomb in one year, and then the years pass, one after the other and nothing happens, and again and again this lie is offered, then that is the end of credibility and nobody takes Netanyahu seriously any longer.
Therefore, he has no longer set up his arrogant grin, as otherwise shown and in his face one saw the loss of self-confidence.
Netanyahu knows that he fighting an already lost battle, with the scare tactics about The Iran, he can no one any longer impress.
His politics of hard line and the saber-ratting is failed.
The International Community is tired to listen constantly to his lies.
everywhere have recognized that The Iran wants peace and to be left in peace, to go his own way without submission.
Therefore, one wants to have good relations with The Iran.
The unjustified sanctions of over 35 years, long enough for the Peoples in Iran, but also harmed in the West.
Such an appearance has been used for Satire and numerous videos have underlaid the silence with soundtracks.