TRUMPISM IS FATALISM WITHOUT REGARD FOR HUMANISM IN DEBT OR WAR episode artwork

EPISODE · Jun 1, 2025 · 39 MIN

TRUMPISM IS FATALISM WITHOUT REGARD FOR HUMANISM IN DEBT OR WAR

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

 THE PROBLEM: Debt and Deficits are 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 in negative GNP growth funding a bloated economic overhead. 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 recession and/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-partypolitical system run by economists, attorneys, bankers, lobbyists, bureaucrats and inept Congress, Administration, Governors, Mayors and County supervisors, who lack entrepreneurial skills using GAS rather than GAAP, required by all businesses in America.The looming financial crisis is not just a reflection of poor 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.  Debt and deficits have been significantly understated by 100% due to the Government Accounting Standards (GAS) system used for federal, state, and local government accounting. This has led to the concealment of deficits and the borrowing of funds through various debt instruments such as US Treasury bonds, bills, and special purpose vehicles, Amounting to approximately $1 trillion per month or $12 trillion annually shifting wealth to the Eastern Hemisphere. The negative growth in Gross National Product and economic prosperity is compounded by an inverted yield curve, where long-term US Treasuries offer a minimal yield of 1.2%, compared to short-term instruments yielding 4.2%. This discrepancy undermines the shasow positive credit rating of the USA and signals a eminent recession or depression akin to the 1929 bankrutptcy collapse.Currently, insolvency with $100 trillion held by foreign entities, US hedge funds, Federal Reserve member banks, Social Security trust funds, government pension debts amounting unrecorded intrest of $17 trillion, and Medicare and Medicaid liabilities totaling $20 trillion, alongside unfunded entitlements scheduled for future dates. Notably, the Chinese Cartel alone holds $20 trillion in negative net worth debt. The impending redemption dates over the next three decades present a formidable challenge, with no existing plan or capacity to avert this global financial derivatie crisis. The American Enterprise "Swing Vote" Party proposes a solution rooted in America's leadership adopting Generally Accepted Accounting Principles (GAAP) to freeze debt and deficits. By leveraging our consumer market, the proposal aims to restructure global trade systems and shift shipping and distribution costs to suppliers, thereby addressing thefiscal imbalance to mitigate these risks and forestall the collapse of the financial system—Not through Trumpism tariffs, duties, embargos, sanctions, or bluffing that only acceerate the invitable bankruptcy and potential takeover by the Communist Chinese Cartel.

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TRUMPISM IS FATALISM WITHOUT REGARD FOR HUMANISM IN DEBT OR WAR

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