Tag Archives: Treasury

Employ Measures

05 Wednesday May 2021

Posted by in Legal/Political Columns

≈ Comments Off on Employ Measures

Tags

,

Five years ago, this would have been so important. (yawn)

The Treasury Department says it will employ measures to avoid an unprecedented default on the national debt this summer, but officials say those measures could be exhausted “much more quickly” than normal given the unusual circumstances of the global pandemic.

Treasury officials on Wednesday urged Congress to pass either a new borrowing limit or another suspension of the debt before a July 31 deadline. The Treasury will continue to initiate the types of bookkeeping maneuvers it has used in the past to keep the government from breaching a level that would trigger a default on the massive national debt.

Another rabbit from the hat? Who, really, cares at this point? The GOP will come along with strong, “just this one last time,” caving, silent words in just a moment or three. Tim Scott?

They’re Going to Steal it All

22 Monday Feb 2021

Posted by in Legal/Political Columns

≈ Comments Off on They’re Going to Steal it All

Tags

, , , , , , ,

Janet Yellen is a walking, talking example of what you get with the rule of women and foreigners. I keep warning about the coming digital dollar and she (they) keep giving me ammunition.

Treasury Secretary Janet Yellen signaled the Biden administration supports research into the viability of a digital dollar, a shift from the lack of enthusiasm shown for the concept under her predecessor, Steven Mnuchin.

“It makes sense for central banks to be looking at” issuing sovereign digital currencies, Yellen said at a virtual conference on Monday hosted by the New York Times.

She said a digital version of the dollar could help address hurdles to financial inclusion in the U.S. among low-income households.

“Too many Americans don’t have access to easy payments systems and banking accounts, and I think this is something that a digital dollar, a central bank digital currency, could help with,” she said. “It could result in faster, safer and cheaper payments, which I think are important goals.”

Translation: they’re going to seize every last bit of your wealth and autonomy. Money is nonexistent in this dead country and, now, they want to monopolize and grab the floating fiat too. Let them do this and they will have total control of your lives. Central banks issuing sovereign currencies. They don’t even try to hide what they’re doing. And, of course, they advertise it to the retarded as saaaaaaaaafe and inclusive. The rubes who have trouble with the banking system have the problems because they are stupid and because the banks and the government have stacked the deck against them. This, if or when it passes, will complete the transfer of value and the transformation of people into slaves. Standing between you and serfdom are a handful of weak, mindless, homosexual Retardicans. In the end, the answer to this evil must come from the States or from the People. Now would be an ideal time to prepare your answers.

The Case of the Disappearing Debt

16 Sunday Aug 2015

Posted by in Legal/Political Columns

≈ 1 Comment

Tags

, , , , , , , , , , , , ,

God be praised! The U.S. government is no longer issuing debt!

Okay, not exactly. It seems Congress is behind on their usual vote to raise the debt limit. They always raise it – even those fiscally “conservative” Republicans. The GOP used to make a fuss before the caved. Now, they just cave.

Ahead of the vote the Treasury has decided to suspend debt issuance (read “reporting”) for a record 5 months. They’re still spending, just not reporting how much. It doesn’t really matter. No one cares and the reported amount isn’t accurate anyway. It’s not $18 Trillion (like that’s not bad enough) but much more like $200 Trillion (factoring in SSI, Medicare and other items the government is legally obligated to pay but can’t afford).

On July 30, Treasury Secretary Jacob Lew sent a letter to the leaders of Congress informing them that he was extending a “debt issuance suspension period” through October 30.

In practice, that means that unless Congress enacts new legislation to increase the limit on the federal debt before then, the Treasury will continue for at least the next eleven weeks to issue Daily Treasury Statements that show the federal debt subject to the limit beginning and ending each day frozen just below that limit.

The Daily Treasury Statement for March 13 was the first to show the debt subject to the limit closing the day at $18,112,975,000,000. Every Daily Treasury Statement since then has reported the same thing: the debt closing the day at $18,112,975,000,000.

Every Daily Treasury Statement since Monday, March 16, has also reported the debt beginning and ending each day at $18,112,975,000,000.

CNSnews.com.

They’ve spent us into oblivion and they’ll keep going until the chickens come home to roost (any day now). Then they’ll say it’s your responsibility to deal with the impossible burden. By that time the amount owed will be so ridiculous they might as well not tell us what it is.

But, please, keep on voting for all this insanity.

nobama-state-of-the-union-is-strong-us-debt-monster

Google.