New World Order University Forum

The conventional wisdom is that governments at every level are teetering on the edge of bankruptcy with mountains of risky debt. This perception is used to justify higher tax rates. Actually, governments in the U.S. own over $60 trillion in assets–stocks, bonds, real estate, business ventures–which are off balance sheet. See the following website for a rarely discussed accounting of government assets and how the controllers place these money pools and assets off balance sheet to fool the public into supporting higher taxes. Governments own vast tracts of land and control over 48 percent of the so-called capitalist economy. These assets could be used to reduce taxes, fund public programs such as education, and insure the life of entitlement programs. Instead these assets are hidden and controlled by a few elite politicians for the profit of their friends. The only way to get an honest accounting of these assets is to demand that governments at all levels adopt honest accounting practices.

http://www.nonwo.com/biggestgame/

Tags: government accounting, government debt

This entry was posted by Director on Saturday, April 5th, 2008 at 11:43 pm and is filed under U.S. Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.