EPISODE · May 22, 2025 · 54 MIN
TSOT107: $115 TRILLION in "Adjustments"? Nothing to See Here.
from The Scales of Truth · host The Scales of Truth
A Follow-Up to TSOT116. A look at the specifics of approximately ONE-HUNDRED-AND-FIFTEEN-TRILLION in "accounting adjustments" across 21 years. On its face, sheer looney-tunes fishy, we delve into the specifics, to try to understand what we know, and the largest "benefit of the doubt" we could give it, to scale the likelihood and level of the shenanigans? Purely incompetence? Bad systems? Some of the factors can point to SOME innocent mistakes being involved, but in no world could they logically make up for everything. Fitts' website sub-section on topic.Specific page for focus of episode. Bloomberg article on the most recent three years. =========================================Thanks for listening! Please feel free to email me at [email protected] with requests for appearances, thoughts, feedback, questions, observations, or show ideas! Please like my episodes and follow my show if that is what feels right to you!
What this episode covers
A Follow-Up to TSOT116, specifically delving into the logic, scale, and implications of, first, $21 TRILLION in unsupported accounting adjustments over just an 18-year period, and then $94 TRILLION in adjustments that might be unsupported in just a three year period.
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TSOT107: $115 TRILLION in "Adjustments"? Nothing to See Here.
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