The US National Budget

 

A (FY) Federal Budget (FY=Fiscal Year - meaning govt revenue/tax related and projected for the year. The actual budget will always exceed these figures).

In order to best understand the black budget and nuances of spending I suggest first reading: 

https://dwahts.blogspot.com/2020/02/the-united-states-worlds-most-socialist.html

&

https://dwahts.blogspot.com/2019/11/the-brazen-theft-of-21-trillion-from.html

(FY) Budgets are usually far too conservative to be adhered to, even a record $4.829 trillion federal budget proposal which was made for fiscal year (FY) 2021 on Feb. 5, 2020.1 The U.S. government estimates it will receive $3.863 trillion in revenue, creating a $966 billion deficit for Oct. 1, 2020, through Sept. 30, 2021. 

The Congressional Budget Office predicted that the COVID-19 pandemic would raise the FY 2021 deficit to $2.1 trillion. The FY 2020 deficit will be $3.7 trillion.

Spending

Government spending is broken down into three categories: 

• Mandatory spending, budgeted at $2.966 trillion; 
• Discretionary spending, forecasted to be $1.485 trillion; and 
• Interest on the national debt, estimated to be $378 billion. 

Each category of spending has different subcategories. 

The DEFICIT is the shortfall.

2021 in a nutshell

• President Trump’s budget for Fiscal Year (FY) 2021 totals $4.829 trillion, eclipsing all other previous budgets.
• Mandatory expenditures, such as Social Security, Medicare, and the Supplemental Nutrition Assistance Program account for over 50% of the budget, but much of this is considered profiteering by pharmaceutical companies or goes to Wall Street under the pretence of "good investment" but in reality these are all vultures after their piece of the pie.
• For FY 2021, budget expenditures exceed federal revenues by $966 billion.
• Most of these revenues come from taxes and earnings from QE.
• Case in point:  Obama doubled the National debt with the 2008 bailouts. DOUBLED. There is no public shareholding in the banks for this even though its actually the taxpayer that is on the hook for the debt plus interests. Only bank shareholders enjoy the profit, but the banks lost pensions, properties and savings of ours won't be repaid to us. Take and debt is for the little people, the peasants, almost all of us.

Revenue

The federal government estimates it will receive $3.863 trillion in revenue in FY 2021. Most of the revenue is in the form of taxes, paid by taxpayers, either through income or payroll taxes. The estimate for each type of revenue is as follows:1

The IRS and Fed were set up in the same year. Income tax on wage earners was never paid before then on wages, only on Capital Gains tax. There is still no law requiring US citizens to pay income tax, it is voluntary, but the cabal in power is an illegal criminal organisation the controls all branches of govt and courts, they will coerce and threaten us into paint income tax to fund the world most oligarchical

• Income taxes contribute $1.932 trillion or 50% of total receipts.
• Social Security, Medicare, and other payroll taxes add $1.373 trillion or 36%.
• Corporate taxes supply $284 billion or 7%.
• Excise taxes and tariffs contribute $141 billion or 4%.
• Earnings from the Federal Reserve's holdings add $71 billion or 2%. Those are interest payments on the U.S. Treasury debt the Fed acquired through quantitative easing.
• Estate taxes and other miscellaneous revenue supply the remaining 1%.
• 
  

Interest on the U.S. debt is estimated to be $378 billion. Interest on the approximate $23 trillion debt is the fastest-growing federal expense, mostly its military and bank bailouts, interest on sovereign debt is expected to more than double by 2028 with all the new Covid bailouts planned to rob Amerucans such as Amazon, Wall Street and other multinational monstrosity companies

The U.S. Treasury must pay the interest on behalf of the people the bondholders brokered by the banksters to avoid a U.S. debt default. A debt default by the U.S. has unknown consequences since it has never happened before. The USD is global reserve currency, if treasury bondholders lost faith in the USD backing them the dollar would plummet, and further issuence of bonds will be almost impossible with no market to purchase them (as it already is)

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid.

Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion.

Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus, a meaningless token gesture designed to create a perception of responsibility against the Trillion's the government of the US caters for allowing crooks to plunder  your ney

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, in fact it will cover only 79% of the benefits promised to retirees, but that's a stretch, bank on half.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4

Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion.1 More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for needless wars to enrich contractors and their investors, funding rogue states like Israel or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief 

Military Spending

Military spending is included in the budget under discretionary spending. The biggest expense for the military is the Department of Defense base budget, estimated at $636 billion.1

Overseas Contingency Operations are estimated to cost approximately $69 billion but in reality are far, FAR higher. It pays for the war OF terror costs triggered by the false flag psyop 9/11 attacks. These include ongoing costs from the wars in Iraq and Afghanistan.

Military spending is at least $700 billion itincludes $228 billion for defense-related departments. These include, spying on citizens, arresting whilsteblowers and tracing and bugginging you. Also includes Homeland Security, the State Department, and Veterans Affairs.

All these military costs combined equal $705 billion.

The Deficit

The budget deficit is estimated at $966 billion. That's the difference between $3.863 trillion in revenue and $4.829 trillion in spending. This shortfall is added to the existing national debt.

The Congressional Budget Office (CBO) projected in April that the budget deficit for 2021 would be about $2.1 trillion, assuming no additional changes to spending and revenues. The difference between the CBO projection and the Trump budget can be attributed mainly to the impact of the coronavirus fake pandemic. The CBO expects the real GDP to decrease by about 12% in the second quarter of 2020 and for unemployment to average about 14%.5  *That figure is a posture, since it does NOT include those no longer looking for work or unemployed over 6 months 

Each president and their administration is credited or blamed with increases in national debt due to the budgets their administration proposes. The approval of the budget is delegated to Congress. In other words, it's not the president alone who bears the burden of deficit creation and national debt generation, he's the fall guy.—other elected officials do so as well  tiny bit by making marking he

How the Deficit Contributes to the National Debt

Each year, the deficit adds to the U.S. debt. To raise funds to cover the deficit, the government issues securities such as Treasury notes, which are purchased by many investors. Japan and China are two countries whose governments have purchased large amounts of U.S. debt, in a manner of speaking owning the U.S. debt.6

An anticipated budget deficit can slow economic growth. It influences rising interest rates, as investors demand more return. Eventually, investors may become hesitant to purchase Treasury notes because they fear the U.S. government may not be able to repay the debt.

Budget Process

Congress created the budget process in 1974. The process is supposed to follow four steps:

• The Executive Office of Management and Budget prepares the budget.7
• The president submits it to Congress on or before the first Monday in February.
• Congress responds with spending appropriation bills that go to the president by June 30.
• The president has 10 days to reply.

Congress has followed the budget process only twice since creating the FY 2010 budget. Since that time, the process and deadlines within it have been ignored, due to political disagreements, posturing, and government inefficiencies.

The hard deadline for budget approval is September 30. If Congress doesn't approve it by then, the government can shut down. It did just that in 2013, in January 2018, and in December 2018. To avoid shutdowns, Congress usually passes continuing resolutions.8

If the government does shut down, it signals a complete breakdown in the budget creation process, or an attempt to appear as such to distract voters.

Where did all the bailout money go that is causing all this inflation due to expanding the currency supply? Not to you or I, it went to rich companies.

See HERE

Black Budget

The trillion dollar black budget is not covered here, but it must come from somewhere, I assert it is stolen from the American Taxpayer and the  victims of US wars of aggression where US funded rebels function as weapons transporters to the terrorists trained by black ops. Oil and Opium are just two examples of how off-budget dark programs get their funding.

The little legal case that threatened the entire banking system.

The following is an article I am hosting from www.thetruthaboutthelaw.com. It can be found here: 
http://www.thetruthaboutthelaw.com/banks-lend-money-they-create-out-of-thin-air/

I want to tell you about a simple little case from an obscure little court, where the findings and verdict posed such a danger to the money power, that they tried to prevent the judge from even entering the verdict. He refused. One week later the judge had an “unfortunate” fishing accident and died.

As for the lawyer/individual who brought the case and won it to the jury? Well he was coincidentally disbarred. Oh and the case findings? they were “nullified” on procedural grounds because well, “that’s the law”. And now of course, any lawyer who attempts to cite the case, well, they too face sanctions and possible disbarment by the “licensing” system the government runs that “allows” them to operate in the “legal system” the government runs. Remember, it is all just “following the law”.  What, do you not “support law and order”? You probably hate kittens too then.

So what in the world could the case have stood for that made the system react so violently? Simple. It exposed the truth about the banking system in a simple and straightforward way that allowed anyone to understand the fraud that it is. 

And, just as importantly, it showed how the people could defend themselves. 

Before I tell you about “The Credit River Case” I want to make sure you understand the legal issue.  In order to have a contract even the NSA admits you need the following.
At common law, the elements of a contract are offer, acceptance, intention to create legal relations, and consideration.

This just means the parties have to discuss terms, come to agreement on the terms and then we both have to be OBLIGATED to exchange something of value. The something of value is called “consideration” in the law. Here, from the same NSA link, is what they say about that.

Consideration is something of value given by a promissor to a promisee in exchange for something of value given by a promisee to a promissor. Typically, the thing of value is a payment, although it may be an act, or forbearance to act, when one is privileged to do so, such as an adult refraining from smoking. This thing of value or forbearance from some legal right is considered to be a legal detriment. In the exchange of legal detriments, a bargain is created.

It’s so beautiful isn’t it? Here is an excellent example of a legally binding contract where it can be difficult to determine whether the “consideration” was valid, and what the exact terms were.

So not only do we have to agree to the exchange, but you have to each exchange something of value that is considered a “legal detriment”. It must be real. If you pay me with counterfeit money, well, the contract “fails for lack of consideration”, in legal terminology. You “gave me” something that “was not real and not what we discussed” so I didn’t get the “benefit of the bargain”  That is really all contract law is, a formal discussion of agreements between people.

So now with that legal understanding, let’s look at the  “Credit River Case”.  I encourage you to go look at all of the paperwork yourself if you are interested go to page and search the link for credit river docs mid page.

The case is straightforward.  The Bank/Plaintiff was trying to foreclose, and the property owner/Defendant was defending the action claiming that there was no valid consideration given by the bank under the contract because it simply created the “money” that it “gave” by making a bookkeeping entry. Here is how the court described it.

Lawrence V. Morgan was the only witness called for Plaintiff (Bank)  and Defendant testified as the only witness in his own behalf.   Plaintiff brought this as a Common Law action for the recovery of the possession …by foreclosure of a Note and Mortgage Deed….

Defendant appeared and answered that the Plaintiff created the money and credit upon its own books by bookkeeping entry as the consideration for the Note and Mortgage of May 8, 1964 and alleged failure of the consideration for the Mortgage Deed and alleged that the Sheriff’s sale passed no title to plaintiff.

The issues tried to the Jury were whether there was a lawful consideration and whether Defendant had waived his rights to complain about the consideration having paid on the Note for almost 3 years.

Mr. Morgan (the Bank’s only witness) admitted that all of the money or credit which was used as a consideration was created upon their books, that this was standard banking practice exercised by their bank in combination with the Federal Reserve Bank of Minneapolis, another private Bank, further that he knew of no United States Statute or Law that gave the Plaintiff the authority to do this.

“Owned”, hmmm, exactly what did they use to buy it with again?  I’m a bit unclear on that.

So a straightforward simple case with very straightforward allegations.  The case was tried to a jury.  They found against the bank.  Basically finding that the bank WAS NOT ENTITLED TO POSSESSION because it hadn’t given ANY CONSIDERATION when it made the mortgage!!  

Here is the short memorandum opinion that the court entered into the record with the order after the trial.  The order the powers that be did everything they could to prevent the judge from entering.

MEMORANDUM
The issues in this case were simple. There was no material dispute of the facts for the Jury to resolve.
Plaintiff admitted that it, in combination with the Federal Reserve Bank of Minneapolis, which are for all practical purposes, because of their interlocking activity and practices, and both being Banking Institutions Incorporated under the Laws of the United States, are in the Law to be treated as one and the same Bank, did create the entire $14,000.00 in money or credit upon its own books by bookkeeping entry.That this was the Consideration used to support the Note dated May 8, 1964 and the Mortgage of the same date. The money and credit first came into existence when they created it. Mr. Morgan admitted that no United States Law Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note. See Ansheuser-Busch Brewing Company v. Emma Mason, 44 Minn. 318, 46 N.W. 558. The Jury found that there was no consideration and I agree. Only God can create something of value out of nothing….

Plaintiff’s (Bank’s) act of creating credit is not authorized by the Constitution and Laws of the United States, is unconstitutional and void, and is not a lawful consideration in the eyes of the Law to support any thing or upon which any lawful right can be built….

Both parties were given complete liberty to submit any and all facts to the Jury, at least in so far as they saw fit.  No complaint was made by Plaintiff that Plaintiff did not receive a fair trial. From the admissions made by Mr. Morgan the path of duty was direct and clear for the Jury.

Banker’s are hardly man’s best friend.

And that is the case and the opinion that quite literally set off a sh**storm.  Why? Because it very simply explained the fraud that is Banking.  And when given the undisputed facts, the jury had quite RIGHTLY found that there is no actual consideration given by the Bank because the bank just creates the money out of thin air. It doesn’t actually LEND MONEY IT HAS so the contract is not valid!

Do you see how dangerous this case is?  Under no circumstances can these ideas become known or discussed openly as anything even POSSIBLY legitimate.  It Had to be “erased” and found to be “kookery”.

Think of the implications otherwise.   A jury of regular people had been told the truth about what banks clearly do EVERYDAY and they saw that it is nothing but fraud. Nobody has agreed to allow banks to create money out of thin air.  The mortgages and other loans the bank’s make do not have any actual consideration!

Most people in the country assume that when someone borrows money from a bank that the bank is actually lending you some of the money that it has on deposit. But that is just not true under the fractional reserve system we have.  And if people understood this undeniable fact, as Henry Ford said, there would be a revolution overnight.  And so those in charge make sure nobody does find out.

“The process by which money is created is so simple the mind is repelled.”—John Kenneth Galbraith

The law quite literally gives a protected class of private individuals, “central bankers”, (and their facilitators) the right to create money out of thin air, and then to “lend out” the made up money and collect interest on it.  You have to work. They do not.

An honest thief, Josiah Stamp

“The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” — Josiah Stamp Former Director of the Bank of England

The poor soon to be dead judge in this case clearly was a man of principle.  He believed the big lie he had been told about our country and the founding documents and our supposed “freedom”.  He believed the system was what he had been taught.  He was sadly mistaken and apparently paid for that mistake with his life in the form of a fishing accident.

The modern banker plying his craft.

There are two basic types of control systems. Overt systems,  meaning openly with force or threats, and covert systems, enforced, by way of disguise or in secret. In an OVERT system of control, the people CAN SEE the force used to keep them down, like in North Korea.  Therefore they KNOW that the legal system is rigged against them.  In a covert system the people are tricked into imagining they are in control and that therefore the legal system is “fair”. That is the key difference.

Our system is a covert system.  Therefore the ENTIRE system relies upon the people believing that they are in charge of the system, that the system works for them and that it is fair.

One of the most difficult concepts for people to grasp and accept is that the legal system is not there to dispense justice. It is there to control you under the GUISE that it is there to dispense justice.

The only obstacle that any covert system faces, such as ours, is making sure the people don’t find out  the TRUTH about the system.  Like the truth that this case exposes. And that is why so much time and money is spent brainwashing people very early on in government schools under government curriculum about justice and liberty and pledges of allegiance, etc. etc. And that is why the media tells us nonstop about how just and wonderful a country we have our whole lives.

So now that you see the reality of the system, let’s recap what happened in this case.  The BANK filed the case in the court. The BANK looked to the Court to take the property.  The bank did not complain it didn’t get a fair trial.  The bank did not complain it was not allowed to put on its evidence. The evidence used by the jury was the BANK’S own witness’ admissions.  The facts of this case were not in dispute! 

And what was the result of all this after the jury found against the bank?  The bank ended up winning “later” on procedural grounds after the judge ended up dead, and the lawyer ended up disbarred.   Do you see the real system yet?

I don’t know whether to laugh or cry when I see people who are so deluded. They actually think that they have to WAIT for 9 guys and gals to GIVE them their RIGHTS.

What more does it take for you to see that the Constitution prevents NOTHING!  It is not part of the solution, it is part of the problem.  Continuously talking about “getting back to it” and “enforcing it” and “its principles and limitations” just drains off energy that could be used to create REAL change.

If the constitution or the system actually did anything that people imagine, then outcomes like THIS could never happen. And if they did, the people would know about them and those responsible would have been brought to justice.  But none of THAT ACTUALLY happened because that is not what the system ACTUALLY does.

The system is there to control you, but its success depends entirely on you never finding this fact out.

I can’t take anymore freedom today.  Plus there are the limitations of space. There is a lot more to the case that happened afterwards. If you want to find out about it, I wrote about that here.  Because I am done for today. 

I hope you learned something. Take care my brainwashed Brethren.  Live in the light and tell someone the truth about the law.

And the truth shall set you free.

Money Printing For Dummies

The easiest way to get people to appreciate the fundamental fraud of the two forms of bankster currency creation is with an oversimplification. Below are some links to more detailed posts regarding currency creation through history and today.

For Dummies ;)

Central/Reserve bank currency creation (also Quantitative Easing)

By having a private central bank create currency rather than have the state mint it interest-free the state enters into immediate inflation because the private central banks have interest attached for revenue or treasury bondholder profit purposes. The central banks tend to spin what amounts to lack of taxpayer oversight as a good thing and endlessly brag about "independence". The inflation, which is largely due to the money supply being created for the state (for no reason) then becomes the reason itself used to justify its existence, and "price stability" has become the only concern of central banks such as the Federal Reserve Bank in the United States.  Repeat: Inflation due to interest being inherent in debt-based currency as well as interest as well as inflation from expanding the money supply by printing faster than goods and services expand, is something they themselves cause and thereby justify their own existence. The state could simply print its own currency interest-free and devise a means to mitigate deficit spending which should become enforceable by becoming a constitutional matter.

A persuasive case could be made that this would also eliminate wars relating to central bankers and the Petrodollar, which is the vast majority of all wars..

Meme Fuel:  Central Banks sell us money at a very reasonable profit.  I want to know why I can't set up my printer to sell a country its money, I'll beat anyone's price!

Commercial Banks.

Banks don't loan you your mortgage/home loan from a capital account or asset account which would justify the interest in the practices of traditional banking, instead the create new currency on the national balance sheet and for the the privileged position as state counterfeiter then charge us exorbitant interest for money not loaned out in the first place. To add insult to injury, these fake loans are securitised anyway,  protecting the banks. If you repay your 'loan" principal plus interest, the effect of the interest on the currency is inflationary whereas the principal amount is effectively destroyed as new currency in a complex process explained in one of the below links.

The real tragedy comes in when a taxpayer is foreclosed on, losing his house at the massive penalty for the crime of not replacing counterfeited currency with genuine currency repaid from the existing money supply. What this effectively results in the source of the wealth transfer/wealth divide plaguing the neoliberal West today. It is built into the system.

Here is the relationship between money printing and markets, evidencing how the corruption at source by a central command economy regulated by monetary policymakers has effectively replaced free market capitalism and the true market-driven economies which produced the wealth for the populations that the banksters are slowly draining with their sorcery.

Meme Fuel: Commercial Banks launder the counterfeit counter-fiat currency in mortgages and swap them sellable properties that represent land and real value, which is getting scarcer as their currency becomes common.

So now you know, the banksters are systemically responsible for half of societies ills, without committing a single additional sin. Naturally, they will also commit further sins...

Links to follow...

https://dwahts.blogspot.com/2016/09/how-south-african-reserve-bank-steals.html

https://dwahts.blogspot.com/2018/11/empires-only-collapse-for-one-reason.html

https://dwahts.blogspot.com/2016/04/the-sa-reserve-bank-67-tons-of-rands-on.html

https://dwahts.blogspot.com/2018/12/american-people-buy-stuff-they-dont.html

https://dwahts.blogspot.com/2018/02/seeing-bitcoin-as-investment-only-is.html

https://dwahts.blogspot.com/2015/07/the-myth-of-fractional-reserve-banking.html

https://dwahts.blogspot.com/2018/02/facts-how-much-taxpayer-money-has-us.html

https://dwahts.blogspot.com/2018/02/alternatives-modern-monetary-theory-mmt.html