Category: Screwed by Bankers

Today’s News is Old News

Do you really believe that what’s happening today in the financial markets hasn’t happened before?  Getting screwed by Uncle Sam is not a new thing.

Here’s a quote:

“…citizens now have a responsibility: “The most important single thing that can be done now is for each one of us to continue normal, reasonable buying.” Everyone should buy their normal needs, “put aside a small percentage for savings, and buy [as] much of the additional articles which contribute to general comfort and enjoyment as can be properly afforded”; this will lead to improved business.”

What did the Citizens do?  Most saved their money and spent as little as possible.  What was their reward? 

Roosevelt becomes the next constitutional dictator, closes the banks down, and steals your grandparents money they saved and replaced them with “paper notes” that they can’t redeem in gold anymore, starts the great depression.

“Gee, my grandparents got screwed by Uncle Sam too?”  You betcha!!

On whom did you think he got some practice in?

Oh, and the quote came from whom?

R. Lamont, Commerce Secretary, 1930.  The government no less!  What a shock, I know.

So tell me America, are you going to listen to the government again?

Hmm, yeah.  You will.  You’ve been screwed so long you can’t tell the condom from the rubber.  I mean the forest from the trees!

 

Publius

Uncle Sam Screws America with Accounting Tricks!

Should the United States ever adopt the same accounting standards for itself that it foists upon private enterprise, its financial reports would leave the majority of Americans in a state of shock. Americans would have tremendous difficulty recovering from the magnitude of misrepresentation that is going on now. Accounting isn’t just a game either; there are material, legal, and ethical consequences when it’s done wrong.

As an example of the accounting fictions used daily to dupe the public, consider the US dollars the United States claims to own in the Treasury "coffers." Now brace yourself, because this explanation is going to remind many readers of Alice tumbling down the rabbit hole.

All of the interests the United States has in US dollars are cancelled out by liabilities on the Federal Reserve Balance Sheet, so that they have no effect of ownership.

The United States owns no domestic money when its off-budget entities are incorporated into its balance sheet. The Treasury general fund is an accounting fantasy. So this begs the question; what happens to tax dollars?

Read more how the federal government does not account for its money as federal law says your businesses have to account their money.

Click this "The United States owns no domestic money." and be amazed.

 

Publius

The Treasury and the FED Screws America with additional $23.7 Trillion Debt!


By itself, the Troubled Asset Relief Program (“TARP”) is a huge program at $700 billion. As discussed in SIGTARP’s April Quarterly Report, the total financial exposure of TARP and TARP-related programs may reach approximately $3 trillion. Although large in its own right, TARP is only a part of the combined efforts of the Federal Government to address the financial crisis. Approximately 50 initiatives or programs have been created by various Federal agencies since 2007 to provide potential support totaling more than $23.7 trillion.

Huh? How does $700 Billion become $23.7 Trillion? Only in America!

Click this $23.7 Trillion Dollar Heist link.

You know, this is starting to add up to real money!