Debt and Deficits Understated by 100% a GAAP Bankruptcy
Debt and Deficits Understated by 100% a GAAP Bankruptcy for Federal, State and Local GAS government accounting system, hiding deficits and borrowing the rest with US and State special purpose Bonds, Bills, Tiff’s debt instruments amounting to $1 trillion per month, $12 trillion per year in negative GNPgrowth and Economic prosperity.
With an inverted yield curve where 10-, 20- and 30-year US Treasures have anegative incentive for investors discounted position at 1.2% yield with shortterm Tiff's 4.2% negating a positive USA credit rating. Predicating a recessionand/or depression where the banking system collapses as it did in 1929.
Basically, insolvency with $100 trillion held by foreign countries, US hedgefunds, Fed member banks, Social Security trust funds, Government unfundedpension debt of $17 trillion, Medicare and Medicaid set-a-sides of $ 20 trillion, plus 13 unfunded entitlements due in future dates certain.
The Chinese Cartel alone holds $20 trillion of negative net worth debt. Insolvency is the problem for our Treasury as the redemption dates are all in the next 3 decades. With no plan or ability to reverse this global bankruptcy.
It's our failing global enterprise that has mismanaged by the two party political system run by economists, attorneys, bankers, bureaucrats and inept Congress, Administration, Governors, Mayors and County supervisors, who lack entrepreneurial skills using GAS rather than GAAP, required by all businesses in America.
The American Enterprise "Swing Voter" Party Solution lies in America's leadership using GAAP to freeze debt and deficitsand turn the tables on our creditors by leveling the global trade system basedon our consumer market, with shipping and distribution costs being shifted tothe suppliers. Not with tariffs, duties, embargos, sanctions and bluffing that merely defer the inevitable bankruptcy and takeover by the Communist Chinese Cartel.
