US Treasury: Funny Money Ponzi Scheme
Corporate fines and penalties awarded to the US government have surpassed $1 trillion since 2000. Despite the malfeasance, no one ever went to jail. No one was ‘sanctioned’. How much of the penalties were imposed as a Cartel fee, and how much were for egregious acts that should have resulted in prison? Where does the collected money go?
The US Treasury’s sub-agency General Fund is the depository for all penalties and fines awarded. Their last audit was in 2022 wherein the Auditors claimed they could not render an opinion because the management of funds was wholly and completely corrupted. For fiscal year 2022, the General Fund reported $23.2 trillion in inflows and $22.8 trillion in outflows. The Net Equity of the General Fund was ($32,080,601,000.000). The purpose of an audit is to determine if the reports issued by the Fund fairly represent the truth and can be verified via evidential tracing. The US Treasury Failed – and an additional 6 recommendations for compliance were issued.
The annual revenue from penalties is now over $60 billion annually. Although that number cannot be wholly verified given the Treasury has sloppy record keeping. In essence, the Treasury finances the government by issuing Debt. It does not balance the budget – instead it indebts the budget every single year. And according to their website – that is their purpose – issuing debt.
The Treasury utilizes a Treasury Borrowing Advisory Committee (TBAC), wh
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
