Benediction #3 World War III Americanism vs Communism

The Third World War is initially a Trade War that evoolves into a totalitarian takeove by the Chinese and the Arabs. Operationally, due to America’s Federal, State and Local insolvency and likely bankruptcy shown on the Durst debt clock www.usclock.org.  Also, the international debt clock showing America GDP as $27 million (a negative of135% equals current debt), China’s GDP as $17 trillion, and $42 trillionadding the USSR, OPEC and alliances of Africa, India, South and Central America versus $103 trillion worldwide GDP. Eastern Hemisphere $50 trillion and Western Hemisphere $53 trillion, shifting $1 trillion every day to the East, due to the imbalance of Trade. The Mid-East and South America with Venezuela and Guyana having more in fossil fuel reserves than the Middle East.  In waiting to me merged into Chin’s energycartel. For analytical purpose, with a contrived USA, Inc. balance sheet showing Federal current debt $37 trillion (fifteen zeros) ($8 trillion held by foreign exporters) added to $63 trillion State and local current debt equals $101 trillion, current liabilities payable in the next accounting cycle. $150 trillion in long-term obligations for Federal, State and Local governing bodies in many cases having their accrued pensions exceed their GDP. With $171 trillion in total assets. Denoted on the debt clock as hidden wealth backing our USA currency. That is in fact the collateral backing the $251 trillion debt and accumulated deficits. With a negative net worth of $60 trillion. Currently, China, Russia, OPEC have liens on outstandingUS Treasuries that can be used to execute an insolvency filing under USA’S Chapter 15 of the UN International monetary fund to act as the bankruptcy  court that relies on the sovereign country’s debtor nation’s bankruptcy filing and adjudication rules. Post Covid-19 new proposals have been suggested as sovereign nations teeter on having debt exceed 100% of GDP.(USA currently exceeds GDP by 135% for current debt and long term debt of $250 trillion exceeds its collateral of $171 trillion by 146%. And growing at the rate of $1 trillion per year. A gargantuan $251 trillion total debt, including social security, Medicare, Medicaid, 13 entitlements and growing. Accrued interest estimates of $17 trillion accrued interest on $37trillion US Treasuries, with accrued government pension obligations of $17 trillion for 24 million government workers, growing at the rate of one million new hires (87,000 IRS auditors) per year. Supposedly to collect enough taxes topay the $87 billion in additional salaries plus free health care, social security and pension expenses.  Unfortunately, with GAAP set of books at every level (required by law passed by Congress in 1974 as included in the Republican “Contract with America” where Arthur Andersen & Co. did a study that showed that the 1973 Federal deficit for that year was understated by 100% $956 billion not $428 billion), to support a government contract with Arthur Andersen & Co. the largest CPA firm in the world (that I worked for until 1968, then starting my own CPA firm later in the 1980’s) to convert government entities to GAAP accrual accounting. Only standing in the way for total dominance of global trade is America’s control of pricing using the US dollar currency as the reference value for pricing all worldwide products.  Thereby, OPEC recently proposed to the World Import and Export Bank that the Chinese Yaun be the exchange rate for pricingglobal energy and essential products ... thus de-dollarizing global trade. Using Chinese crypto currency and its central banking system as the refence currency for global trade.  CHINA is now proposing to convert its record keeping to GAAP, generally accepted accounting principles for managing their worldwide monopoly of shipping and distribution to the Western Hemisphere.