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EPISODE · May 21, 2025 · 1H 3M

AMERICA'S HIDDEN BALANCE SHEET, P/L AND CASH FLOW

from The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism · host Jerry Rhoads

AMERICA'S HIDDEN BALANCE SHEET, P/L AND CASH FLOWDebt 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 innegative GNP growth and Economic prosperity. With an inverted yield curve where 10-, 20- and 30-year US Treasures have a negative incentive for investors discounted position at 1.2% yield with short term Tiff's 4.2% negating a positive USA credit rating. Predicating a recessionand/or depression where the banking system collapses as it did in 1929. Basically, insolvency with $100 trillion held by foreign countries, US hedge funds, Fed member banks, Social Security trust funds, Government unfunded pension debt of $17 trillion, Medicare and Medicaid set-a-sides of $ 20trillion, plus 13 unfunded entitlements due in future dates certain. The Chinese Cartel alone holds $20 trillion of negative net worth debt. Insolvency is the problem for our Treasury as the redemption dates are all in the next 3 decades. With no plan or ability to reverse this global bankruptcy. It's our failing global enterprise that has mismanaged by the two-party political system run by economists, attorneys, bankers, bureaucrats and inept Congress, Administration, Governors, Mayors and County supervisors, who lackentrepreneurial skills using GAS rather than GAAP, required by all businesses in America. The American Enterprise "Swing Voter" Party Solution lies in America's leadership using GAAP to freeze debt and deficitsand turn the tables on our creditors by leveling the global trade system based on our consumer market, with shipping and distribution costs being shifted to the suppliers.  The looming financial crisis is not just a reflection ofpoor policy but a monument to the systemic failure of governance and accountability. The absence of GAAP standards in government accounting has allowed for a level of fiscal irresponsibility that is unsustainable. The consequence is a vicious cycle of borrowing, Misrepresentation, and impending insolvency. As the redemption dates approach, urgent action is necessary tomitigate the risks and prevent the collapse of the financial system. Not with tariffs, duties, embargos, sanctions and bluffing that merely defer the inevitable bankruptcy and takeover by the Communist Chinese Cartel.

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