U.S. Treasury Commits Accounting Fraud To Create Budget Surplus

The U.S. Treasury has committed fraud in order to avoid the $16.7 trillion debt limit set by congress. Since May 15, 2013 the Treasury has borrowed at least $51 billion and reported no additional national debt.

Treasury Secretary Lew implemented a not-so “standard set of extraordinary measures” and wrote House Speaker John Boehner explaining the book cooking. Business Insider has the full letter posted. Lord Monckton explains the details in Outright Fraud at the U.S. Treasury:

That limit was – and is – $16.7 trillion. A trillion is a 1 with 12 noughts on the end. It is a million millions. It’s a whole lot. $16.7 trillion is 16.7 whole lots. You could buy most of my art collection with that.

But Obust just went on spending. By close of what passes for business May 17, the U.S. debt subject to congressional limit rose to $16,699,396,000,000.00. That is what passes for a smidgen below the limit.

But Obankrupt just went on spending. By close of what once passed for business July 12, he had borrowed another $51 billion.

Yet by close of casino July 12, according to the Treasury’s accounting, the U.S. debt subject to congressional limit had risen, compared with 56 days previously, by exactly $0,000,000,000,000.00.

What about the net $51 billion in extra borrowing over the past couple of months? Secretary Lew has vanished it.

If you think I’m foaming at the mouth, here is the Treasury’s own graph:

...

In the commercial sector, false accounting is a felony. Armies of overpaid, under-skilled regulators are waiting to pounce upon every cent that goes astray.

In the State sector, false accounting is also supposed to be a felony. Yet armies of overpaid, under-skilled Republicans are waiting to draw their next fat check out of the Treasury. As long as their checks keep coming, they will not – will not – ask the right questions and demand honest answers and straight accounting.

Corruption was once something that happened only in third-world countries. But then, the current administration’s wanton profligacy with other people’s money has reduced the United States to third-world status. Bankruptcy and corruption tend to go hand in hand.

Despite this information, financial news failed to put two and two together and reported the cooked books as a $117 billion budget surplus in June:

WASHINGTON (MarketWatch) - The U.S. federal government ran a budget surplus of $117 billion in June, the Treasury Department reported Thursday, as receipts rose and spending fell compared to the same month a year ago. For the fiscal year to date, the deficit is $510 billion, 44% less than the shortfall recorded in the same period last year, thanks mostly to increased revenue . The government's receipts totaled $287 billion in June, and spending was $170 billion. In June last year, the government posted a deficit of $60 billion. The government's fiscal year runs from October to September.

More Doo Doo Economics from the Obama Administration.

San Diego: Lord Monckton Battles Global Warming Mad Men

Photo by Anthony Porrello

Lord Christopher Monckton gave a real Reason Rally at the Joan B. Kroc Institute for Peace & Justice Theater at the University of San Diego. The crowd rose to their feet on several occasions as Lord Monckton presented the truth about global warming "science" and the consequences to human freedom. The Viscount Monckton of Brenchley mixed good humor and good information for an terrific presentation.

Some of the key points of the presentation

The primary formula used to calculate "feedback" warming from CO2 is clearly wrong. Observational data was presented that clearly shows global climate is cooler now than it was in the Medieval warm period and within the natural climate variation of the last several thousand years. The "feedback" formula was shown to be a factor of 4.4 times the actual observed and measured value. Further, the actual "feedback" works to stabilize temperatures, not exacerbate them.

The computer models used by the IPCC are based upon a decline in escaping heat with increased CO2. The observed data, in green at the center, shows the opposite result.

Lord Monckton walked through the four IPCC climate reports and showed the evolution of lies and "tricks" used to create and maintain the Global Warming Scam. The take away from this portion of the presentation is the discredited "Hockey Stick."  To create the hockey stick, numbers were not just manipulated and "tricked," they were generated. You can read an entire book on this subject called The Hockey Stick Illusion.

Another key presentation point was on the validity of "Consensus." Science is not consensus and consensus is not science.The notion that "2,500 scientists can't be wrong," is just a fallacy. The climate models and data actually all boils down to one scientist who used the formula for electrical feedback (aka microphones) as the basis for the modeling of CO2 "feedback." There is no scientific consensus on how much the world has warmed or will warm.

If you want all the nitty gritty details on the global warming scam, here is a list of some of my previous posts:

• Global Warming Hoax Update: Little Ice Age Censored from Books
• An Astronomical Theory of Climate Change
• Milankovitch Cycles
• Heroes of the Republic at the AFA/UCLA Big Footprint Conference (featuring Lord Monckton)
• Harold Lewis Emeritus Professor of Physics Resigns over Climate Change Fraud
• Solar Irradiance Causes Climate Change

The Point to the Conference

The point to the conference was the peril California faces this summer. In August 2012, California holds the first cap and trade / carbon tax credits auction. It is expected to raise one billion dollars for the state. At that point, this will become a revenue source with big bank and political ties that will never be undone. CO2 becomes a  commodity to be traded and taxed. It will mark the largest transfer of wealth from private citizens to big banks and big government in American history. Europe is already wasting hundreds of billions on this useless scam. The impact on the economy is apparent. The impact on the environment is not.

The best case scenario is that California will raise 400+ billion dollars in taxes to reduce global warming by .001 degree Celsius over 100 years. In reality, the scheme will enrich the regulators and break the public. It will do nothing of worth.

In Britain a similar scheme was passed with absolutely no measurable benefits. No study to gauge the benefits of taxing the public for "carbon pollution" was done prior to the law being passed. Estimates of revenue generated were completed.

In Europe 5/6 of government decisions are made by regional regulators who are not elected nor held accountable. America, through cap-and-trade and agenda 21, is facing the same fate. America is bowing to the same global governance scheme. We Americans will have all the trappings of democracy without the messy democratic process.

The Conference

This important and hugely successful event was organized by Americans Protecting Property Rights and CfactSoCal.org. The hall was overflowing and video conference rooms were required for the additional attendees. Lord Monckton was friendly and open to questions before and after the event. The excellent efforts of the volunteer organizers are greatly appreciated. It is good to see such forward thinking and competence in organization from fellow tea party volunteers. The familiar faces and welcoming attitudes are a hallmark of the movement. For examples of attitudes from the left, look no further than ThinkProgress.org's coverage of Lord Monckton. You can also follow Lord Monckton's exploits as a contributor at Whats Up With That. Americans Protecting Property Rights is also found on facebook.

Conclusion

From the beginning of the Global Warming Hoax, I have been trying to expose the utter ignorance of the entire argument. It appears the end game has arrived. While we have successfully debunked the science, politicians are woefully ignorant of the facts. There are also progressive forces who are actively trying to destroy our economic and political freedoms to undermine our constitutional rights in order to accumulate power and control. 

California Assemblyman (77th) Brian Jones commented that many lawmakers who passed The California Global Warming Solutions Act of 2006 (AB32) did not know what it was. It turned out to be the United Nations 1997 Kyoto Accord. AB32 is the entry point for global governance.

The members of the California Air Resources Board (CARB) are appointed and operate outside any legislative oversight. CARB will be implementing Cap and Trade.

If you ask why these people would harm you and your family, the answer lies in these anti-American comments:

• "All of these dangers are caused by human intervention... the real enemy then, is humanity" Alexander King 
• "...current lifestyles and consumption patterns of the affluent middle class--involving high meat intake, use of fossil fuels, appliances, home and work air conditioning, and suburban housing --are not sustainable" Maurice Strong, Secretary General, UN Conference on Environment & Development, 1992 (Rio Earth Summit)

This is the last call for freedom. As Lord Monckton emphatically proclaims,

"I was born in a democracy. I will die in a democracy."

 America is an idea, based in freedom. So I proclaim that our ally Lord Monckton is a great American. We need more great Americans to stand at our side.