Posts tagged: us treasury

September 6, 2009

Uncle Sam Screws America with Accounting Tricks!

categories Federal Reserve, Screwed by Bankers, Screwed by Congress, Screwed by the IRS | comments 0 Comments

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

January 13, 2009

How Can the Treasury Department be Screwing the American People Right in Front of our Noses?!

categories Executive Screwing, Screwed by Bankers | comments 0 Comments

Yes, yes.  Most of you who pay attention at least a little bit to the news these days must be asking yourselves, “How Can the Treasury Department be Screwing the American People Right in Front of our Noses?”

I know it’s tough to understand.  You work hard, play by the rules, and then comes along the U.S. Treasury claiming that if they don’t get their money, the U.S. economy is going to hell in a hand basket.

Well, here now the news…  The United States of America has already gone to hell in a handbasket!

There’s a shocker, I know.

Yes, the fix for all our “debt” problems is: going into more “debt”!  Huh, what?

Well, while you and your neighbors get caught up in the debate they want you to argue, look up the statutes and find out what the U.S. Treasury can really do to screw the American people.  For example, read this statute.

The actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken, promulgated, made, or issued by the President of the United States or the Secretary of the Treasury since March 4, 1933, pursuant to the authority conferred by section 95a of this title, are approved and confirmed.  (my emphasis added)

This legal cite is taken from the U.S. Code and can be found at 12 USC 95b

The U.S. Treasury can do ANYTHING THEY WANT!  IT’S ALREADY PRE-APPROVED!  So, how did you enjoy the dog-and-pony show this past fall?

And did they choose to correct the problem and get the American people out of debt?

No, the borrowed another trillion dollars and put us further into debt!

And you voted for “change”?  That’s all you’re going to have in your pocket soon enough-just change!

America, you’ve been Screwed by Uncle Sam!