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Podcast: The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism
Episode: Debt and Deficits Understated by 100% a GAAP Bankruptcy
Description: Debt and Deficits Understated by 100% a GAAP BankruptcyDebt and Deficits Understated by 100% a GAAP Bankruptcy for Federal, State and Local GAS government accounting system, hiding deficits and borrowing the rest with US and State special purpose Bonds, Bills, Tiff’s debt instruments amounting to $1 trillion per month, $12 trillion per year in negative GNPgrowth and Economic prosperity. With an inverted yield curve where 10-, 20- and 30-year US Treasures have anegative incentive for investors discounted position at 1.2% yield with shortterm Tiff's 4.2% negating a positive USA credit rating. Predicating a recessionand/or depression where the banking system co...