20190612-New US Treaury Report, shocking details explained

-Tezos is now fully supported in Exodus.

Sarah Westall interviewed with Andy Schectman (New US Treasury Report, shocking details explained )

In the 2018 Treasury report:

-In their 2018 Profit/Loss Statement, the US government has a net loss of 1.16 Trillion.  They took in 4.5 Trillion in revenue. 

-They had 3.5 Trillion in assets.

-But what was the US government 最大、最值錢的資產？   Not gold (they are estimated to have 8000 ton worth about 0.5 Trillion), not military equipment including 航空母艦, airplanes, weapons (about 0.5 Trillion)， 房地產，national parks, buildings (1.5 Trillion)…

-Their biggest asset that worth the most was STUDENT LOANS.  (Wendy:  We all heard that student loan is a big problem because it is big and will never be paid back.   Nobody knows THAT is the biggest asset on US Treasury’s balance sheet!!!) .  

-So the biggest asset we have is the debt incurred by our kids that we know we are not going to collect.

-Half of the yearly revenue (4.5 Trillion) was spent on medicare and social security.

-The accumulative short fall in social security is 52 Trillion.  That plus the medicare trust fund will go bankrupt in 15 years.  (Wendy:  I think it’s sooner.)

-When you add the accumulative 22 Trillion national debt to the 52 Trillion social security not even including medicare and government military pension fund, you get a short fall of 75 Trillion in debt.   If you add other obligation, you get 100+ Trillion in debt!   (Wendy:  100+ Tillion in debt????)

-On the liability side of the balance sheet, the largest US Treasury holder is social security!   (Wendy:  that means the social security fund was lent to the US government?   What’s the chance the government can pay that back?)

-Nobody is talking about this!   That’s because all the media in the US are controlled by 4 companies and they are fed the same script and what to cover.

-They are not allowed to cover the fact that US government is dead broke, along with our social security system and medicare.

-When you have BASEL III that changed gold from tier 3 to tier 1 asset to be as good as cash;  when the Central banks accumulated more gold in the 2018 than the last 50 years;  when JP Morgan accumulated 900 million ounces of physical silver and 20K ounce of physical gold in their house account currently, you wonder what’s really going on with the financial situation?

-With all these debts that we have in government and private sectors, the FED had to abandon their plan to raise more interest rates, because any more interest rates hike will crash the US economy.

-It’s easy for the Big Money to manipulate the price and perception of the price of gold & silver.  It only takes $4000 to buy 100 ounce gold contract which enables them to control $130K worth of gold at current price.

-Right now the gold market in Shanghai gold market delivers 65X more gold than the COMEX.   The COMEX is a subsidy for the Big Players to manipulate the gold n silver prices, to de-dollarize (to get out of dollar) by selling treasury, dollars and buying gold.

-The COMEX subsidizes the Chinese for their gold holdings.   So the Elite is investing the East and abandoning the West.

-A few years ago, Blithe Masters who used to run the metal department in JP Morgan came out and said the metal holding was not theirs (JP Morgan).    900 millions ounces of silver is the largest silver possession that the world has ever seen.   It’s 9X what the Hunt Brothers tried to acquire in 1980.  Andy said what if all that metals belong to the Chinese?

-What if the agreement is for JP Morgan to keep the prices down in the gold and silver market via COMEX, so the Chinese can keep on accumulate so they won’t sell their US Treasury holding?

-Then Chinese will have the most of the rare earth metals, the biggest precious metal positions.   They are going to Africa and buying up all the cobalt reserves.  All these metals are essential for the US high tech industries!