EPISODE · Feb 12, 2023 · 19 MIN
How to Save America's Sovereignty and World Economy https://www.youtube.com/watch?v=jw8wALIIAyo&t=65s
from The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism · host Jerry Rhoads
How to Save America's Sovereign World Economy FOR FUTURE GENERATIONS. All of the financial data extracted from www.usdebtclock.org, and books authored by Jerry Rhoads. www.jerryrhoadsauthor.com. My estimate based on the www.usdebtclock.org, reported in my American Enterprise Swing Vote Trilogy is a plan of reorganization that requires those billionaires, millionaires, and individuals who have generated their wealth from the Great American Enterprise system, must reinvest 15% of their net worth, using GAAP accounting principles, in short term US Treasuries. To be reserved for paying down the current debt of $32 trillion to 75% of GDP in five, and ten-year tranches at a yield of 6 percent. Based on America's $26 trillion GDP, and $6 trillion in deficit spending, the top 1% wealth of $56 trillion, total national assets of $180 trillion, and estimated savings from investing Medicare, and Social Security in the stock market, hedging on America not China, will turn the current $8 trillion negative net worth around in ten years. By deferring the Green New Deal, and implementing the Human New Deal, $1 trillion investment in our inner cities, and disadvantaged small towns, we will generate another $3 trillion in lost energy sales per year. And encourage the existing hedge funds to invest in America not Chinese oligarchs, and Ukraine’s rebuilding that should be Russia’s responsibility, while our cities struggle with ghettos, street living, vagrancy, guns, and rampant crime. What are the ramications if our leaders don't act? The budget has to give a haircut to line items. The 24million government employees with a $1.9 trillion payroll and benefits per year or $125,000 per person, twice the private sector. The $800 billion defense cost, the $4.2 trillion health care cost, the $3 trillion interest cost of the annual debt, 334 million population with only 100 million in work force, 60% not adding to the GDP, increasing entitlements, and overhead costs: $57 million retirees, 18 million vets, 601 thousand homeless, 9 million disabled, 113 thousand drug deaths, 83 million Medicare enrollees, 27 million in poverty, 6 million unemployed, 12 million on unemployment benefits, 22 million millionaires, 63 million Medicaid recipients, 42 million uninsured, 46 million on food stamps, 15 million workers, with only 13 million manufacturing jobs compared to 17 million in 2000, 440 thousand bankruptcies, 127 million taxpayers, with132 million full time workers supporting all of these overhead costs (160 million workforce in 2000). A budgetary nightmare teetering on the edge of a national bankruptcy, a full-blown depression with a run-on banks and collapse of the stock market. Our annual Federal, State and Local spending is $9 trillion with $6 trillion total tax revenue,133% debt to GDP, trade deficit is $1.3 trillion growing at $100k per second, China share is $404 billion, imported oil $270 billion, with $42 billion OPEC, paid by borrowing totaling $7 trillion US debt held by foreign competitors. Our books are cooked by not recording all of this as our financial condition. They are not on GAAP generally accepted accounting principles. The total debt is $32 trillion current liabilities, $184 trillion in unrecorded long-term obligations (including $3 trillion Medicare, Medicaid, Social Security that aren't entitlements) with deficits totaling $6 trillion per year. Making the Green New Deal DOA, not allowing the Federal Reserve increases in interest rates costing $600 million per year, close the borders, with 5 million illegals enterring open borders adding to the welfare rolls, and fix the gridlocked Congress fighting over politics as usual issues, and not working on solving prioritized problems. American voters need to get educated ... read The American Enterprise Party Trilogy., managing the debt, saving Medicare and Social Security.
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How to Save America's Sovereignty and World Economy https://www.youtube.com/watch?v=jw8wALIIAyo&t=65s
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