* * *
The United States of Accounting Gimmicks » Stankov's Universal Law Press
The United States of Accounting Gimmicks
by Georgi Stankov Posted on April 9, 2016
Georgi Stankov, April 9, 2016
The Empire of Evil or the “US of Accounting Gimmicks” is broke long time ago. It was definitely broke in 2008 and it was even more broke in 2013 as the renowned economist Laurence Kotlikoff, a Professor of Economics at Boston University and co-author of the book “The Clash of Generations”, wrote at that time:
“As our politicians engage in their food fight over extending the debt ceiling, we the public should bear in mind the huge problem this obsessive focus on official debt is concealing. Our country is flat broke – and not because of its official debts, i.e., what’s been put on the books — but because of its unofficial debts, i.e., what’s been kept off the books.
Moreover, our country’s not broke in 50 years or 30 years or 15 years. It’s broke today.“
Based on his analysis of the Congressional Budget Office (CBO)‘s released long-term fiscal forecast for 2013 in form of Extended Baseline Forecast (EBF) and Alternative Fiscal Scenario (AFS), Professor Kotlikoff came to the following conclusion with respect to the real fiscal debt (fiscal gap) of the USA:
“Based on the EBF, the fiscal gap is $47 trillion. But based on the AFS, the fiscal gap is — $205 trillion! …The $205 trillion fiscal gap is enormous. It’s 10 percent of the present value of all future GDP. Equivalently, it corresponds to 10 percent of GDP year in and year out for as far as the eye can see. To raise 10 percent of GDP each year we could (a) raise all federal taxes, immediately and permanently, by 57 percent, (b) cut all federal spending, apart from interest on the debt, by 37 percent, immediately and permanently, or (c) do some combination of (a) and (b). You been hearing the President or the Speaker of the House discussing our true fiscal gap let alone fiscal adjustments of this kind? Not a word. Thanks to the CBO and their handlers, they probably haven’t even learned the true size of our fiscal gap.”
In 2013 Senator Kaine (Democrat from Virginia) and Senator Thune (Republican from South Dakota) introduced a bill mandating the disclosure of the true fiscal gap of the US of Accounting Gimmicks. It’s called The Inform Act and it requires the CBO, GAO, and OMB to do long-term fiscal gap and generational accounting on an annual basis and in advance of Congressional voting on all major tax and spending bills.
To date, 17 Nobel Laureates in Economics and more than 1,000 other renowned economists as well as thousands upon thousands of other American citizens have endorsed the bill at www.theinformact.org. And what has happened since then?
The Government Accountability Office (GAO), which is the official non-partisan auditor and investigator for Congress has just provided a report to Congress (April 6th) stating that the U.S. government’s records are so poorly kept that it can’t really audit them. If this is done by a private company with respect to IRS, the CEO will immediately go to jail:
“The federal government was unable to demonstrate the reliability of significant portions of its accrual-based financial statements as of and for the fiscal years ended September 30, 2015, and 2014, principally resulting from limitations related to certain material weaknesses in internal control over financial reporting and other limitations affecting the reliability of these financial statements. For example, about 34 percent of the federal government’s reported total assets as of September 30, 2015, and approximately 19 percent of the federal government’s reported net cost for fiscal year 2015, relate to three CFO Act agencies—the Department of Defense (DOD), the Department of Housing and Urban Development, and the U.S. Department of Agriculture—that received disclaimers of opinion on their fiscal year 2015 financial statements. As a result, we were prevented from providing an opinion on the accrual-based financial statements.
The federal government did not maintain adequate systems or have sufficient appropriate evidence to support certain material information reported in its accrual-based financial statements. The underlying material weaknesses in internal control, which have existed for years, contributed to our disclaimer of opinion on the accrual-based financial statements as of and for the fiscal years ended September 30, 2015, and 2014…. By 2089 … debt held by the public as a share of GDP reaches 314 percent in our baseline extended simulation or 568 percent in our alternative simulation.“
And this is what “The Hill” website reported in November last year with respect to the 2015 fiscal gap of the US of Accounting Gimmicks quoting Dave Walker, who headed the Government Accountability Office (GAO) under Presidents Bill Clinton and George W. Bush:
“The former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion… when you add up all of the nation’s unfunded liabilities, the national debt is more than three times the number generally advertised.“
In 2013 the fiscal gap was $47 trillion based on EBF and the fiscal gap was $205 trillion based on AFS (see above). If we calculate the true fiscal gap for 2015 based on AFS from these baseline figures the fiscal debt has currently widened to at least $300 trillion, or the total national debt of the Empire of Evil has grown $100 trillion in the last two years.
How is this possible and why hasn’t the Empire of Evil, and with it the entire Orion matrix, collapsed yet? What keeps these dark systems still afloat against any financial logic and common sense? The answer is very simple – this reality is a holographic illusion and within it the most monstrous and weird forms of social life can be created as long as sufficiently enough people believe in this collective insanity and support it. This is how the Orion matrix of beehive mentality has worked so far, but this collective mindset is changing very rapidly now.
Since 2011, when we opened the stargate 11.11.11, this planet is in a constant time warp of inner evolution. The old Orion matrix actually collapsed in that year and since then we experience “Groundhog day” each year as Brad and I illustrated to you with the identical behaviour of the major equity chart indexes for 2011 and 2015. Besides, since June 2013 most worst-case scenarios associated with the collapse of the financial Ponzi scheme of the Orion banksters were manifested on numerous lower 4D timelines which we separated from this ascending uppermost mother planet. This is also part of the time warp in which this timeline is trapped until the final ID shift happens.
There is no logical explanation as to why the Empire of Evil still exists and had not collapsed and disappeared from the map much earlier, except this one – we had to postpone the final ascension of Gaia and humanity numerous times as most of the incarnated souls were so deeply entrenched in the Orion illusion that it took that much linear time to awaken them sufficiently as to reach the necessary threshold of ascension these days. Hence the alleged delay of our ascension is divinely orchestrated and is unfolding in perfect order, though seemingly against any economic and financial logic. And this makes this process so difficult to understand, especially for logical, intelligent people who have no access to their HS and higher realms.
This also eliminates all questions as to why our predictions have not come true as all our predictions have already happened many times on lower timelines. Now is the time for our predictions to also materialize on this timeline. “It is all about the economy, stupid!”
Therefore, I do not believe that this timeline will experience major catastrophes as some channelers publish these days. There is no pedagogical merit for the ascending humanity in losing hope in nature and perceiving it as a hostile external entity when huge natural catastrophes will decimate millions of people and destroy the material structure of the society as this has happened numerous times on descending timelines which are meant to experience an even greater separation from the Source than on the old earth. It will only reinforce the existential fears of the people and will increase their level of separation, which is exactly the opposite of what this uppermost timeline is intended to experience (Unity consciousness with nature and All-That-Is) before it ascends to the new 4D worlds and we – to 5D and higher.
Collapses affecting the social and economic foundation of human society will, on the other hand, illustrate how inadequate all collective human creations have been so far and how much they infringe upon the Universal Law. As the dialectical aspect of each creation is destruction, it is unavoidable that in the End Time the entire human matrix must be destroyed first before humanity can move to the new pristine 4D worlds based on the law of constructive interference. The old Orion matrix is entirely based on destructive interference and its dissipation is therefore unavoidable. And as the numbers above show – also imminent.
Below are some more facts that tell you why the Empire of Accounting Gimmicks cannot be saved; they are in full coalescence with what I have written in the last 4-5 years with respect to its ailing economy. All the links given below confirm the economic data and conclusions published on this website, in particular that humanity now lives in the Greatest Depression of all time and that the crash of this Orion planet of lies is inevitable and imminent:
– the Pentagon has never attempted to comply with government audits so that “$8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996 has never been accounted for.” The military wastes and “loses” trillions of dollars. What for, is the big question? This was the major reason for the dark cabal to conduct the 9/11 attack on the WTC as I recently wrote:
How US Absurdistan Became US Bankruptistan
– Nobel prize-winning economist Joe Stiglitz says the World Bank would view any country which had a banking structure like the Fed as being corrupt and untrustworthy. Bye, Bye, Empire of Evil as an exceptional nation and a champion of morality and democracy.
– The former vice president at the Federal Reserve Bank of Dallas said he worried that the failure of the government to provide more information about its rescue spending could signal corruption. “Non-transparency in government programs is always associated with corruption in other countries, so I don’t see why it wouldn’t be here,” he said.
– We’ve known for a long time that the Bureau of Labor Statistics fudges the numbers to make unemployment look lower than it really is. BLS itself has admitted that its “adjustments” skew unemployment data during recessions. Indeed, the former head of the BLS, and not only Donald Trump (>25% real unemployment) and myself (> 33%), recently said that BLS statistics are B.S. … and that unemployment is much higher than the government is letting on.
– The government has long ignored energy and food prices when reporting on inflation as repeatedly stressed and shown by myself on this website.
– The Bureau of Economic Analysis is revising 84 years of economic history which will make the economy magically look better. The Empire of Evil is trapped in a historical warp of fraud.
– The U.S. (and British) governments encouraged interest rate manipulation leading to the current negative interest rates. And central banks have been directly manipulating interest rates for hundreds of years.
Paulson and Bernanke falsely stated that the big banks receiving TARP money were healthy when they were not. The Treasury Secretary also lied to Congress that the bailouts would be used to dispose of toxic assets but then used the money for something else entirely.
– The Commodity Futures Trading Commission has conspired with big banks to manipulate commodities prices for decades.
– The government-sponsored rating agencies committed massive fraud (and see this).
– The Treasury department allowed banks to “cook their books”
– Regulators knew of and allowed the use of debt-hiding accounting tricks by the big banks.
– The SEC has been shredding Wall Street documents for decades to help the big banks cover up their fraud.
– The Secretary of Treasury (Tim Geithner) was complicit in Lehman’s accounting fraud, (and see this).
– The government knew about mortgage fraud a long time ago. For example, the FBI warned of an “epidemic” of mortgage fraud in 2004. However, the FBI, DOJ and other government agencies then stood down and did nothing. See this and this. For example, the Federal Reserve turned its cheek and allowed massive fraud, and the SEC has repeatedly ignored accounting fraud (a whistleblower also “gift-wrapped and delivered” the Madoff scandal to the SEC, but they refused to take action). Indeed, Alan Greenspan took the position that fraud could never happen.
The regulators pretend that they are being tough on the big banks. But – instead of doing the right thing – they’ve done everything they can to help COVER UP THEIR SINS.
The non-partisan Government Accountability Office calls the Fed corrupt and riddled with conflicts of interest.
Congress recently told the courts that Congress can’t be investigated for insider trading
And now the west is outraged by the Panama papers leak and is accusing the only statesman that is not mentioned in this documentation – Putin. What a cosmic joke this primitive species – Homo sapiens – really is! Or probably not…! As it seems, this CIA psyop backfired immediately as anything the desperate dark cabal is trying to manifest these days in order to “save their fur”. In vain! The time when the cabal’s accounting gimmicks could be hidden and/or believed by the masses is over once and for all.
This entry was posted in Economic Collapse. Bookmark the permalink.
* * *