Screen capture from 1987 Movie: The Running Man.
– De-dollarization –
Simon Black, aka “Sovereign Man“, discussed the shocking negative trend of the U.S. Federal Government. Yes, once it is accepted that unlike a commercial business the government is never allowed to earn a profit, so their net worth should remain at or below zero.
Since the U.S. government went off the Bretton Woods Agreement (refusing to redeem U.S. dollars for gold bullion) during the Nixon years the negative trend has become shocking!
Are You Ready For Monetary Reform? ~Ron
More unbelievable facts from the U.S. government’s own financial reports
- U.S. federal government released annual financial report; the final U.S. Financial Report of the Obama Administration.
- The government’s “net loss” in fiscal year 2016 more than doubled, from MINUS $467 billion to MINUS $1 trillion.
- They should be awarded some special Nobel Prize in Ponzi Schemes.
- Rational people don’t bet everything on hope; they have a Emergency Plan.
After adding up all of its assets (like tanks, aircraft carriers, government buildings, etc.) and subtracting liabilities (the national debt), the government’s “net worth” was MINUS $19.3 trillion at the close of the 2016 fiscal year.
That’s worse than 2015’s NEGATIVE $18.2 trillion, which was worse than 2014’s NEGATIVE $17.7 trillion, which was worse than 2013’s NEGATIVE $16.9 trillion.
The US federal government is insolvent, plain and simple. -Sovereign Man
You can listen to the Sovereign Man’s podcast here.