Posts Tagged ‘DoD’

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I couldn’t bring myself to cast my own uninformed vote in the 2016 election (1st time in my adult life) as I was disgusted by protected psychopath, Hillary and knew little about The Donald other than having read three or four of his books.  I now suspect it no longer matters whether we like or dislike Donald Trump as President of our United States.  He won election in spite of impossible odds arranged by Left and Right Establishment insiders, a sycophant Elite/CIA controlled media and the Clinton War Machine.  He now assumes responsibility for our United States executive office, supposedly on the people’s behalf, including our monstrously bloated, unimaginably corrupt, $4 trillion Federal on-book budget…and we don’t know how large an off-book budget.

President Trump is not responsible for the vast array of unresolved issues and corruption facing the United States in 2017;  issues developed since WW II;  issues largely ignored, pandered to, propagandized and profited by a few for the last 70 or so years.  The question I find myself asking now is, “WHAT HAPPENS TO US ON MAIN STREET IF DONALD TRUMP FAILS TO MANAGE A SMOOTH ECONOMIC TRANSITION FROM OUR NEARLY INSOLVENT, NON-PRODUCTIVE ECONOMY TO A HEALTHY, PRODUCTIVE ONE”?  Is it still even possible to rebuild responsible adult government – or have we passed the negligently treasonous, economic point of no return?  Maybe we should at least ponder possible answers to this question before jumping on that Trump hating train; the one that looks headed on a downhill track to economic hell?

We’re told by main stream media (MSM) that the U.S. economy is on the right track, but here in Arizona anyway, there sure are a lot of vacant homes, offices, buildings and folks standing on corners with signs; so I did some checking and found U.S. Census Bureau and Bureau of Labor Statistics (BLS) data showing a different picture than the Press Corpse postulates.  Here’s a couple of stats to consider regarding that right track.

***Median Household Income for 2015 (last year available per U.S. Census) was $56,516 compared to 2007’s median $57,423; 1.6% lower than 2007.  Not impressive given steady, understated inflation at our grocery stores and shopping centers.
***The 2016 labor participation rate per Bureau of Labor Statistics (BLS) was 63%.  This means 37% of working age  Americans are not working.
***The 2016 U-6 unemployment rate for 2016 per BLS is 9.6%.  If we add the 14% (per BLS) still looking for work after 15 to 26 weeks, we get an unemployment rate of 23.6%.  For millennials, Hispanics, African-Americans and women, it’s nearly double that.  The official U-3 rate of 4.9% is D.C.B.S.
***U.S. home ownership is at the lowest level since 1967.  A few more percentage points and U.S. home ownership sinks to an all-time low since U.S. Census record keeping began in 1965.
***United States GDP for 2016 was a meager 1.6%.  If we subtract out the portion of government spending included, GDP is somewhere in the range of -5%.  (This is my rough estimate – I didn’t spend a lot of time on the math, but the ball park is definitely negative.)

In light of the above, consider the 2016 Office of Inspector General of the United States Department of Defense Report exposing $6.5 trillion dollars unaccounted for in 2015; an interesting statistic given the Congressional Budget Office (CBO) total 2015 Federal expenditures were $3.7 trillion against $3.2 trillion in revenues.  I don’t know if this $6.5 trillion is in addition to the 2001 Inspector General Report showing $2.3 trillion unaccounted for in that year’s DOD budget or if $2.3 trillion grew to $6.5 trillion?  In any case, it’s not an undisclosed fact that DOD receives and spends more money OFF-BOOK than it does ON-BOOK.  The question we as citizens might ask, because  our Elected Congressional Members responsible for budget oversight won’t, is; “where does this DOD off-book money come from and where does it go”?  Similarly, how large are other Federal Agency unaccounted for dollar amounts?  Ms. Catherine Austin Fitts of the Solari Report estimates black budget totals to now be more than $40 trillion.

Also in light of the above statistics, consider that the 2011 partial Federal Reserve Audit by the Government Accounting Office (GAO) disclosed more than $16 trillion allocated to banks and corporations, much of that dispensed internationally by the FED.  Specifics regarding these allocations remain thin.  Are American citizens legally responsible for this money?  If so, do we deserve a proper Generally Accepted Accounting Principles (GAAP) analysis?  It’s my understanding that the Fed has its own accounting standards and is not held to GAAP standards.  I’m not certain of this and perhaps it’s appropriate for central banks, but if correct, isn’t it curious?

As we get into 2017 the global economy is drowning in on-book sovereign debt as is the United States.  Main Street citizens paying the bills are not permitted access to vast off-book (unaccounted for) spending and debt numbers, but we understand from Inspector General Reports on various agencies that the amounts are enormous and completely non-transparent.  Budget accountability does not exist in Washington D.C.  Obviously, raising interest rates on this debt mountain is willful economic suicide, yet historic economic cycles suggest our economy will reset to some standard of real value at some point in time, whether convenient or not.  After nearly ten years of quantitative easing do we even remember what real value is?  The current financial bubbles across multiple markets cannot be sustained.  Market corrections are usually crash and burn scenarios, but some economists suggest that handled properly, there still remains a small probability that Donald Trump, a very smart man, may be able to orchestrate a smooth transition from extreme over-spending and non-productivity to an economy at least marginally better for Main Street.  I don’t believe a smooth transition to be possible anymore, BUT…

…We should, as responsible citizens, ask ourselves anyway – WHAT DOES HAPPEN TO US ON MAIN STREET IF PRESIDENT TRUMP’S ADMINISTRATION FAILS TO FIX HIS INHERITED 70-YEAR MESS?  We should ask so we can understand and prepare our families, friends and neighborhoods either way – as either way, success or failure, we the people of Main Street will live with, and pay for the resulting circumstance.  The FED has been bolstering the stock market and other markets sans meaningful oversight by Congress.  The Elite are and have been financially positioning themselves with hoards of gold, silver, other precious metals and non-digital, real assets.  Understand that if the banking system collapses, and it looks like it will; most if not all digital assets held by Main Street citizens will likely vanish.  The Oligarchs, inside traders like Rockefeller, Soros, Buffet and other pawns of privilege will be just fine in the coming decade.  By virtue of election, Trump is framed to take the blame, while those who orchestrated certain economic tragedy since WW II will skate free to do it again.  Will we be OK?  Will our children?  Take a minute and give this some thought.

We know the Federal Reserve’s interest is keeping the banking system and its controlling ownership liquid.  Talk of Main Street stimulus is nonsense outside minimal trickle-down.  Trump wants to spend $1 trillion or so on infrastructure.  As a retired civil engineer, I assure you $1 trillion toward infrastructure is a good and necessary idea, but serious needed infrastructure work falls more in the realm of $5 trillion.  Is something better than nothing?  Trump wants to reduce bloated, corrupt Federal spending and money laundering, but faces an enormous array of employee’s, vendors, contractors and special interests completely vested in the continued tumefaction of largely unsupervised Federal spending and off-book money laundering.  Our future depends on deciding now, if we are for or against President Trump’s success because regardless our own ideological preferences; his success is our success as his failure will be ours to own and pass on to our children.

Many of us know with certainty and the remainder, should Trump fail, may soon learn American government and its Elite handlers work hard for Oligarchs and themselves; no one else.  We on Main Street are pandered to, used, alone, without representation, without meaningful fiscal transparency, basically at the mercy of those to whom we gave the reins of self-governance since the 19th Century.  Is it in our best interest to defend Trump, whom we’re not sure about;  or should we jump on the fear, hatred and corruption Establishment Train we already know doesn’t give a hoot about Main Street useless eaters, other than to control us and harvest the wealth we create?

For a short while anyway – I’ll ride with Trump and pray he’s real; because support him or not; if Donald Trump fails, if the Establishment wins, Main Street America and the world will reap those storm clouds, now rising black, bold and threatening on our Main Street horizon.

If you are a Millennial or aging Baby Boomer you are literally being harvested.

Before I explain my thoughts, a quick digression.

While we distract and  irritate each other with what The Donald does with his free time, ignore Bill Clinton’s actual rapes, Hillary’s treason and never ending lies to uneducated black people, gays, etc.; our Federal government has admitted to missing more than $35 trillion dollars.  An interesting feat given Obama’s latest budget reconciliation of $4 ridiculous trillion and change.  D. C hasn’t gotten a budget approved since 2009, but these pathetic political mutants had time for more than $35 trillion to go unaccounted for – AND WE THE DISTRACTED PEOPLE DIDN’T EVEN NOTICE.  How wide do we think Kim’s butt is?  We know that.

The $35 or so trillion consists of Bush’s $2.3 trillion missing from Dept of Defense (DoD) in 2001; Obama’s $6.5 trillion missing from DoD in 2015; and the $27 trillion in Bush/Obama bailouts to the big banks from 2008 through 2016 via the unaudited, privately owned Federal Reserve.  Financial analysts claim there is another $15 trillion or so unaccounted for in other Federal Agencies; so a total of $50 trillion missing.  For what it’s worth $8 trillion would have paid off every mortgage in America in 2008 – so in who’s pockets did $27 trillion disappear – cause I don’t know anyone on Main Street who had their mortgage paid off by Uncle Sam’s banker thugs.  End of digression.

Skilled financial analysts such as Catherine Austin Fitts are looking at this astonishing circumstance, wondering if Elite insiders are conducting a CUT-AND RUN before the predicted economic crash, whether it’ll be a slow burn or crash and burn.  I happen to agree with their musings and questions, though what follows are my own heavily biased opinions.

I believe the continuing decision by the Federal Reserve not to raise interest rates suggests a decision has been made as to what direction the Elite intend to try guiding our economy.  The Fed has to raise rates to save the pension funds, which are completely upside down and will eventually begin defaulting on commitments.  However, raising interest rates will kill our already floundering, production challenged economy.

The Fed isn’t raising rates and if they do, it will be a tiny pandering band-aid, not a real fix.  This suggests to me, they have decided to rape the pension funds.  The Obama Administration’s Dodd-Frank legalized the taking of our pension funds, along with other bank accounts, but doing so openly could instigate difficult-to-manage civil unrest, even among apathetic Americans.  Easier just to steal it from the unwashed because they don’t pay attention anyway.  I’m guessing the Oligarchy decided there is no way they’re going to waste trillions of saved Main Street retirement dollars on nursing homes, meds and assistance for useless eater Baby Boomers.  No how – no way!

At least some of the big transnational monopolies are openly re-organizing and divesting themselves of liabilities.  They are off-loading red ink, retaining black ink and preparing to cut-and-run leaving Main Street to sort out the insolvent mess.  According to Ms. Fitts, Lockheed Martin is one such example.  When Main Street retirees realize their pensions have been cleaned out… it will be too late to fix.  It looks to me like Main Street citizens are literally being harvested by the Oligarchy families and it’s being done with the help of the corrupt goof-balls we elect to supposedly represent us in D.C.

I believe this harvesting decision was reached some time ago, as the Reagan Administration was already concerned about retirement fund unsustainablity for Baby Boomers back in the eighties.  There’s nothing here that hasn’t been known for several decades and unlike Main Streeters, the inbred Elite do pay attention.

What I’m saying here is – THE OLIGARCHY DOES NOT APPEAR TO INTEND BABY BOOMERS OR MILLENNIALS TO RETAIN ANY SORT OF SAVINGS OR EARNED RETIREMENT BENEFITS.  IT LOOKS LIKE THEY’RE PLANNING TO TAKE IT ALL – AND THEY ALREADY TOOK MORE THAN $50 TRILLION OF IT FOR THEMSELVES SINCE 2001.

We still have a Constitutionally recognized right to demand an explanation from D.C. as to where this money went and under what terms it will be paid back to the American people.  We must exercise this right before Main Street is convinced  to foolishly go the Constitutional Convention route, which will allow the Elite to deceitfully play around and ultimately deprive us legally, of every unalienable right our Founders sacrificed to provide us.  Ms. Fitts is a very smart woman and maintains the American people are not prepared to go up against the well organized Oligarchy’s legal team in a Constitutional debate.  She also asks: “Why should we risk changing our Constitution when we don’t enforce the one we have?  Just enforce what we already have.  It’s safer.”  I agree with her.  A Constitutional Convention held on a tilted playing field is not a contest we the people can win.

This 2016 election is not about Trump’s love life or Hillary’s vacuous lies.  It’s about the future of our world’s Main Street citizens.  Are we a herd of cattle as Bertrand Russell claims?  Or will we stand up for ourselves and our children?

Wake up folks – WE ARE BEING HAD – and we better demand accountability while we still can cause the crash and burn clock is ticking.  Will it be 2017?  2018?  2019?  I don’t pretend to know, but that clock is ticking, so act accordingly.