US Stabbed in the Back

548

Operation Disclosure | By David Lifschultz, Contributing Writer

Submitted on June 1, 2021

US STABBED IN THE BACK TWO

Compliments of the Lifschultz Organization founded in 1899

If we compare the burden of German reparations to the reparations that are being paid for the so-called coronavirus pandemic, we can see the unfolding of the destruction of the dollar as the world reserve currency and the destruction of the US economy. The Davos mantra of build back better may end not building back anything at all.

The US has 9 million unemployed that are essentially receiving unemployment benefits superior to what they were earning when they had to work for a living and ten thousand two hundred dollars per year is tax exempt. The various rescue plans will create a four trillion dollar budget deficit this year which will be largely funded by Federal Reserve Credit. This is shown in the following chart in the link.

Federal Reserve Board – Recent balance sheet trends

If we wish to give this four trillion dollar figure some historical perspective, there was only about 900 billion dollars of Federal Reserve Credit created up until 2008. That increased to about four trillion dollars due largely to the 2008 crash by 2014, and now based on the coronavirus crisis about another four trillion dollars has been added in just one year with no end in sight. Now the Federal Reserve was created in 1913-1914 and so it took nearly a hundred years to create one trillion dollars of Federal Reserve Credit by 2008. Six more years to create another three trillion more and one year to create four trillion more. If we use this history as an historical barometer, the air pressure appears to be nearly at a point of explosion now that we have so quickly reached 8 trillion dollars.  Since the newly created dollar fractionalizes as it travels through the banking system, the M-3 base is about 25 trillion for a GDP of 20.93 trillion dollars. It is hardly fully fractionalized and as it fractionalizes further it can create a great deal of inflation unprecedented since the ill fated first US currency called the Continental. It engendered the expression it is not worth a Continental.

In the US in view of the coronavirus crisis they eliminated the reserve requirements as the Fed feared crisis lending write-offs would force the banks to contract credit creating a massive depression. This was purely a defensive action. In theory if you have zero reserve requirements the banks can increase their Federal Reserve Credit an infinite amount. In practice we assume that the credit creation of the banks is being watched so that the expansion is not excessive in relation to the new credit that the Federal Reserve is injecting such as the four trillion dollars just created. Thus it is hardly fully expanded. An extreme inflation can occur if the four trillion dollars that has been injected starts expanding excessively which could create an inflation unprecedented since the ill fated first US currency called the Continental. It engendered the expression it is not worth a Continental.

It is important to note that the gold backed dollar was worth in 1823 $19.39 and in 1929 $20.67.  Under this secure currency the United States became the greatest of world powers producing in 1929 75% of the world’s automobiles. The gold price today is $1,910.64 in dollars and where are we?

World Motor Vehicle Production 2020      77,621,582
Chinese Motor Vehicle Production 2020    25,205,242
US Motor Vehicle Production 2020.        8,822,399

World Steel Production 2019 in million tons    1861.9
Chinese Steel Production 2019 in million tons   996.3
US Steel Production 2019 in million tons        87.9

We need not run the gamut of comparisons with China as the proportions are about the same in all product lines. Our analysis is that the GDP of China is about double that of the US in real terms. China is the greatest industrial power in the world dwarfing the EU and the United States. China graduates about six times the number of engineers than the US and is far more advanced than the US in almost all areas. By 2025 they will excel the US in all areas and the US will not be able to catch up as its economy has become so degraded with corruption that we will discuss shortly.  

Macquarie Research

We saw the Chinese present capabilities when the US cut off the Qualcomm chips for ZTE essentially putting them out of business but within a year they had replaced the chips with Chinese chips. This will happen sooner than anyone expects with Huawei. Apple says the US no longer has any research depth and must go to China to solve their technical problems.

China is a unified country. Everyone is Chinese. The United States is a Balkanized country where everyone is at each others throats. We saw that when hundreds of cities burned last summer but the roots were quite apparent without such a demonstration if we look at the demographic characteristics of the historical rising crime waves that are out of control in the US.  

Race and Crime in America | Ron Unz – Writings and Perspectives

We also see it in the total breakdown of national security based on affirmative action programs as well as sodomy and transgender programs destroying the military together with domestic industries and the national security in the defence industries. For example, the trillion dollar F-35 plans were obtained by a competing country just about as soon as they were available to our defence industries. This applies to all top secret military, scientific advances.  Our underpaid CIA has become just about worthless while our competitors know everything they want to know about our secrets.  The underpaid FBI is similarly worthless. These organizations are not only worthless but corrupt running the heroin operations in Afghanistan and overseeing their distribution systems in the US coordinated with the big city police departments as we saw in the George Floyd incident where George was holding back the heroin money.

The question that was asked last summer about the US military was whether it could be used to put down an insurrection in the cities and it was determined that a civil war might break out in the low caste military itself.  

Yakov Kedmi: US Army a Paper Tiger Composed of Low Caste Mercenaries, Not a Serious Force!

In other words, there is a question mark as to whether in a revolution the military will act on behalf of the US Government as in Tsarist Russia when the head of the Russian Army Aleksei Brusilov shifted to the Bolsheviks.

There is absolutely no loyalty in the officer corps of the US to the Secretary of Defence Lloyd Austin and never will be.

It is obvious that this coronavirus fraud was created to increase control of the US and world population using medicine as a control mechanism and enabling the supra-national deep state to create more control for itself. The plan is to use the vaccination passport as initially a medical control mechanism for the over 7 billion people of the world. A person’s whole history will be eventually contained in this as a social control mechanism in a totalitarian sense of Aldous Huxlely’s “Brave New World” and George Orwell’s “Animal Farm”. Huxley maintained you can control all human behaviour through drugs such as Kolopin, Xanax, Ativan, Librium, Valium, Restoril, etc..   

I would recommend that the reader go through the entire article by Dr. Reiner Fuellmich below that I will summarize in one sentence: The Covid 19 is really the influenza combined with the fake PCR test. 

Influenza has disappeared completely in the statistics and the PCR test has shown billions of false positives. This means that they are now calling Influenza Covid 19. If I had wanted to engineer this in 2018, I could have done it then by calling influenza Covid 19 then and applying the fake PCR test. I could have had my pandemic in 2018. They shut the whole world down using influenza as the vehicle. In the US it was probably administered to defeat Trump and Trump damaged himself by supporting the hoax as he relied on criminal elements as Fauci and Gates. Yet he won anyway if the election had not been stolen.

Why did the deep state get rid of Trump?  Because he refused to accept that we should allow all our industries to be destroyed by our allies who would not ally with us in NATO or the Ghost of SEATO otherwise. In other words, he refused to support treason though they went around him anyway. The trade deficit is worse than ever. He won the working class who finally saw someone who cared about them and not the Democrats who are flooding the country with immigrants to destroy the Anglo-Saxon wage. This is purely class warfare and hatred by the Trotskyites on Wall Street of the Anglo-Saxons whose girls they Portnoy.

I had recommend to Donald how to cure the trade deficit in one step. That step meant we would counter-rig the currencies who had trade surpluses with us as our allies had rigged their currencies against us by depreciating them. We would buy the currencies of all trade surplus countries with the US raising their value so our nation would not buy their products to end the trade deficit and create a surplus to pay off 14 trillion of our net deficit position in the world. Half our industries were destroyed into what we call today rust belts. It is as though Germany and Japan had dropped nuclear bombs on all the US industries. They won World War Two in the end. Trump ran with the idea, created an international storm and backed down under orders from the deep state. That was the end of his presidency. No guts no glory!

This rig is explained in the correspondence below with the then Secretary of the Treasury of the United States Bob Rubin.

Robert Rubin Correspondence – David Lifschultz

Rubin was scared to death when he received the above correspondence. He ran to number one of the deep state, as I was number two, and number one called me saying why do I bother writing a note to this total non-entity. He was only good for the fixes at Goldman Sachs during the Michael Milken period, and that was about all he was good for. We had to kick him upstairs to Treasury get him out of there as he was otherwise totally incompetent. He cannot lift his hand of foot without my permission. This is true of Presidents as Biden who reports to the same number one today as Trump did though that number one over Rubin had died. That number one over Rubin was formerly OSS with Casey under Wild Bill Donovan and later CIA. He married a super rich lady and ran a prosperous company aside from his extracurricular activities as saving Bush and Cheney from their botched up 9-11 where no member of Islam participated.  Bush and Cheney had set up 9-11 with a foreign intelligence agency for the purpose of blaming it on Iraq for an invasion as part of our effort to control our sources of oil 75% which were imported.  The CIA was blindsided and was not involved but you never let a good  crisis go to waste. They offered to take over the cover-up if the first invasion was to be Afghanistan so they could restart the heroin operation that financed their foreign operations.  They doctored the boarding tapes to show members of Islam boarding the planes.  This was a classic form of misdirection.  As number one from the OSS used to explain to me, once you control all the media as we do worldwide you can get away with anything.  He was explaining then how he would cover up the Manchester Guardian article that the Kosovo massacre was a fake as there were no cartridges on the ground and the shot up bodies did not bleed.  As to our missile that we fired at the Chinese Embassy, he was bragging about its accuracy.

Afghanistan and the CIA Heroin Ratline

Footnote one:

THE VACCINE MYTH

Compliments of the Lifschultz Organization founded in 1899

When you read the articles below you cannot help but remember the words of George Bernard Shaw that he sees no reason to trust doctors any more than politicians.

Robert F Kennedy Jr. Exposes Bill Gates’ Vaccine Agenda In Scathing Report

Larry Ellison on Microsoft

While Bill Gates wants to make another fortune with his investments in vaccine manufacturers while filling the world with autistic babies, the Italians are working on antidotes to the Coronavirus virus below. Vaccines do not work as the article in footnote two demonstrates. The estimate is a 15% increase in autism cases from the 1 in 68 rate in 2010, 86% increase from the 1 in 110 rate in 2006 and 154% increase from the 1 in 150 rate in 2000 in direct correlation to the increase in the use and quantity of vaccines injected into children. In footnote one, we show the charts on the failure of vaccines to achieve anything but profits for Big Pharma. Gates is a moral monster who destroyed Netscape because their browser was superior and thought his ill gotten gains made him king of the world.  Actually, his mother, Mary Gates, made him twice. First, she bore him and then her close, close friend that she sat next to at the United Way, John Akers, CEO of IBM, gave him as a favour to his mother the contract of the century by allowing him to use IBM as his base to launch his technology even on IBM’s own competitors. Microsoft now towers over a secondary IBM. The Gates arrogance and illegal activities by which he thumbed his nose up against the system was too much for the “system” who fired him by launching an anti-trust case against Microsoft.  The face of Gates looks like “The Picture of Dorian Gray” and it is no wonder with friends like Jeffrey Epstein.

At Jeffrey Epstein’s Manhattan mansion in 2011, from left: James E. Staley, at the time a senior JPMorgan executive; former Treasury Secretary Lawrence Summers; Mr. Epstein; Bill Gates, Microsoft’s co-founder; and Boris Nikolic, who was the Bill and Melinda Gates Foundation’s science adviser.

The Italian Government it is reported had failed in their early negotiations with the EU on Coronavirus help. This is not surprising when you see how damaged Italy is from joining the EU who saw their manufacturing industries destroyed by the lira exchange for the euro that was rigged in favour of the Germany enabling Germany to destroy all Italy’s industries and those of southern Europe. That is why Italy and Greece and the others are enslaved in debt.

I quote an analysis of what Italy gained by joining the EU or Euroland:  “For one VW sold in Italy, we were selling six FIAT in Germany; for one Renault sold in Italy, we were selling seven FIAT in France; and for one Volvo sold in Italy, we were selling nine FIAT in Sweden. Now is quite reversed.  So, since the Gospel says that the “quality of a tree is visible from his fruits” it is so easy to say that this European Union is poisonous for Italy.” 

So now Germany exports 50% of their GDP.  Well, they are going to be surprised when they lose access to all their export markets. That will be their reward for their BND setting up the 1990s religious strife in Yugoslavia Sudetenland style to destroy that nation for tying up 22 German divisions that they needed at Moscow in 1941. The BND also set up the Kosovo fake massacres leading to the NATO bombing of trillions of dollars of Tito’s infrastructure in Belgrade for 78 days against the German bombing by Hitler in punishment of Yugoslavia in 1941 for two days.  The dead bodies at the Kosovo site though shot up did not bleed indicating that they had died before being dumped there.  To top it off, NATO tested their precision missiles on the Chinese Embassy.  

Operation Retribution (German: Unternehmen Strafgericht), also known as Operation Punishment, was the April 1941 German bombing of Belgrade, the capital of Yugoslavia, in retaliation for the coup d’état that overthrew the government that had signed the Tripartite Pact.

What kindness has Germany showed Italy for siding with them in World War Two? Absolutely none. What kindness did Germany show Russia when Russia let them have East Germany back? Absolutely none but sanctions.  But Germany does not want to understand that the same reason they lost World War Two still exists. They do not have oil and Russia, Iran and China control half the world’s oil production: Russia 11 million barrels a day, Russian controlled former provinces in Central Asia (the stans) 14 million barrels.  Iran, their ally, can close 22 million barrels at the Straits of Hormuz. And China has about 4 million barrels a day of production. That adds up to 51 million barrels a day out of a 100 million barrels coming out of the ground.  At the moment OPEC is holding back some of this.  And yet they sanction Russia over the Kiev coup in the Ukraine that the Germans set up to draw Russia into a Partisan War in the Ukraine as in Afghanistan under the orders of Brzezinski.

Now, what happens if Russia moves on Belarus and the Ukraine and the stans? And China moves on Taiwan? And Turkey moves to take back the Ottoman Empire where all the oil lies in the Gulf States.  Let’s say all this happens at the same time. Can the US face 100 million Chinese troops and the most formidable missile systems in the world in Russia, offensive and defensive, where the Russian S-600 can seal the air space of China against the US even based in Russia it is so advanced. The balance of power has shifted away from the US while this nation commits economic harakari by shutting its entire economy down. This opens up tremendous opportunities to those nations that the US is wielding its sanctions against.

Footnote Two:

DO FLU VACCINES WORK?

Compliments of the Lifschultz Organization founded in 1899

The most popular justification for the use of vaccines is the allegation that the Salk and Sabine vaccines wiped out Polio but the statistical evidence demonstrates that the disease was in a steep decline prior to the introduction of these vaccines and they cannot conclusively demonstrate that they had any effect at all on the wiping out of the disease that was dying out anyway.

Next is a chart of the influenza flu during the period of massive inoculation of vaccines to the general population in the US which shows that the vaccines have had no effect at all.

* Estimates from the 2017-2018 and 2018-2019 seasons are preliminary and may change as data are finalized.

There is now be a mad dash for a Coronavirus vaccine from Big Pharma that they can make billions of dollars from but the question this raises is whether our poor children who are now subjected to a large number of vaccines will be damaged by autism and other diseases as the famous Dr. Andrew Wakefield says though doubtless it can never be said that being injected with all of these poisons can be good for the health of the children.  We are concerned the hysteria surrounding Coronavirus will aid the passage of laws supporting mandatory vaccinations that cannot be beneficial and may be positively dangerous.  Why?  All genetic vaccines heretofore tested negatively and the new ones have only been tested for a couple of months.  The coercive pressure to force the populations to take these experimental vaccines violates the Nuremberg Codes.

“At present, intelligent people do not have their children vaccinated, nor does the law now compel them to. The result is not, as the Jennerians prophesied, the extermination of the human race by smallpox; on the contrary, more people are now killed by vaccination than by smallpox.”
― George Bernard Shaw

Note below for Coronavirus a perspective. Where is the world outcry?

More than one million adults and children die every year from HIV/AIDS in Africa alone. In 2011, 1.7 million people worldwide died from AIDS. Since the epidemic of HIV/AIDS, more than 75 million people have contracted the illness, and over 36 million have died from an HIV-related cause.

HIV/AIDS is a major public health concern and cause of death in many parts of Africa. Although the continent is home to about 15.2 percent of the world’s population, more than two-thirds of the total infected worldwide – some 35 million people – were Africans, of whom 15 million have already died.

Footnote Three:

Can We Trust the WHO?

Footnote Four:

https://www.theepochtimes.com/bill-gates-flu-vaccine-isnt-effective-in-the-elderly-covid-19-vaccine-will-have-to-be-different_3307951.html

Bill Gates: Flu Vaccine Isn’t Effective in the Elderly, COVID-19 Vaccine Will Have to be Different

The flu vaccine “isn’t that effective” in older people so vaccines for COVID-19 will have to be different, according to Bill Gates.

“The efficacy of vaccines in older people is always a huge challenge. Turns out the flu vaccine isn’t that effective in elderly people. Most of the benefit comes from younger people not spreading it because they’re vaccinated and that benefits on a community basis the elderly,” Gates said during an interview with CNBC.

“Here we clearly need a vaccine that works in the upper age range because they’re most at risk of that.”

Vaccine researchers are working to try to create a vaccine that “works in older people” but doesn’t have any side effects, Gates added.

Most vaccines being created are expected to be available next year if they pass through a gamut of tests. It’s possible ones using messenger RNA, a genetic platform, could be ready before earlier than others.

A syringe containing the first shot given in the first-stage safety study clinical trial of a potential vaccine for COVID-19, the disease caused by the CCP virus, rests on a table at the Kaiser Permanente Washington Health Research Institute in Seattle on March 16, 2020. (Ted S. Warren/AP Photo)

Researchers want to be cautious because they expect the vaccine to be injected into people across all age ranges, including pregnant women, undernourished individuals, and people with co-morbidities, or underlying health conditions, Gates told CNBC.

Understanding that projected widespread adoption, “it’s very, very hard, and that actual decision to say, ‘let’s go and give that vaccine to the entire world,’” Gates said. “Governments will have to be involved because there will be some risk and indemnification needed before that can be decided on.”

Gates appeared to be referring in part to the National Vaccine Injury Compensation Program, which was created to largely release vaccine manufacturers from liability for vaccine-related injuries or deaths. The no-fault program gives payouts to people who can prove they or people under their care were injured or killed from vaccines.

Gates, the founder of Microsoft and the nonprofit Bill & Melinda Gates Foundation, is funding seven different efforts to develop vaccines.

“Because our foundation has such deep expertise in infectious diseases, we’ve thought about the epidemic, we did fund some things to be more prepared, like a vaccine effort. Our early money can accelerate things,” he said during an appearance on “The Daily Show” on April 2.

Medical staff receive operating instructions for a ventilator at a hospital in Hamburg, Germany, on March 25, 2020. (Axel Heimken/Pool Photo via AP)

“Even though we’ll end up picking at most two of them, we’re going to fund factories for all seven, just so that we don’t waste time in serially saying, ‘OK, which vaccine works?’ and then building the factory.”

Without a vaccine, people cannot be completely safe from the CCP (Chinese Communist Party) virus, commonly known as the novel coronavirus, Gates told PBS this week.

“The vaccine is critical, because, until you have that, things aren’t really going to be normal. They can open up to some degree, but the risk of a rebound will be there until we have very broad vaccination,” he said.

Once a vaccine is developed, it needs to be cheap, Melinda Gates, Gates wife, told Business Insider.

“We have to make sure that the vaccine is very low priced and that there’s a fund for buying it for everyone, whether you’re in a low-, middle-, or a high-income country,” she said.

Healthcare workers should get the vaccine first, followed by people in high-risk groups, such as people with underlying health conditions.

Continue below:

Footnote Five:

YOU WON’T BELIEVE HOW BANKRUPT THE US IS TILL YOU SEE THIS

By Bill Sardi with Matthew Sardi

There ought to be a law that the United States send to every citizen a copy of the US budget and actual spending by the Federal Government. Fortunately, private enterprise does give us a picture of how well our country is doing financially. It’s the US Debt Clock

It would behoove every American to learn how much money the federal government takes in and spends. The US budget is not what is actually spent. This is revealed in US DEBT CLOCK data. And not all data presented at US DEBT CLOCK is accurate. Official data regarding unemployment released by the Bureau of Labor Standards should be disregarded. Unemployment is rampant and has serious repercussions on the funding of federal programs (Social Security/Medicare) that rely on FICA payroll deductions.

I’m sure most members of Congress don’t fully understand the dire financial predicament the country is in at the present time. Neither does its citizenry.

Fortunately, via the internet and thanks to private enterprise, we have the opportunity to view our country’s financial status on a single printed page or web page. We direct you to the US Debt Clock.

The data in this report is for the fiscal year (not calendar year), tabulated on May 27, 2021.  The entire fiscal year runs from October 1 of the budget’s prior year through September 30 of the year being described. For example: FY 2021 is between October 1, 2020 and September 30, 2021.

The CLOCK provides running totals of collections and payments by the federal government in real time. It is graphically organized into green boxes that indicate INCOME/ASSETS and red boxes that indicate EXPENSES and future financial obligations (outlays).

In the past ten years US federal tax revenues have jumped by a trillion dollars. 

The United States has collected almost $3.5 trillion dollars so far, this fiscal year. Tax receipts for the fiscal year are projected to be $3.86 trillion. But it appears, at the current rate of tax collections, federal tax revenues will actually exceed $4 trillion. 

President Trump’s proposed budget for 2021 was $4.8 trillionPresident Biden is pitching for a $6.1 trillion budget. However, actual spending far exceeds even these outrageous target numbers, as you will learn below. This is in a pandemic-stressed economy where trillions of borrowed dollars are being thrust into the economy. 

Federal spending will surpass $7 trillion/in fiscal year 2021. Last year 2020 there were $6.55 trillion of outlays. This fiscal year outlays hae already exceeded last year’s spending. 

Obviously there is a big difference between what is budgeted and what is spent. Budget projections for FY 2021 were $3.5 trillion in revenues, $5.8 trillion in outlays and a deficit of $2.3 trillion (Congressional Budget Office).

You might ask, if tax revenues exceed $4 trillion and actual spending exceeds $7 trillion, where does that extra $2+ trillion dollars come from to balance revenue with spending?

The US borrows some the difference and pays ~2% interest. It does this by offering IOUs in the form of US Treasury Notes.

The US’s penchant to grow its economy with borrowed money has led to the accumulated national debt of $28 trillion and counting.  Twenty-six percent (26%) of this debt, or $7.28 trillion, is intragovernmental debt that the US owes to itself. So interest is being paid on about $21 trillion to holders of US Treasury Bills.

Out of this $28 trillion, ~$7 trillion is owed to foreign countries (See below).

Interest rates

The United States pays 2% interest on this $21+ trillion of debt, or about $400 billion so far this year (see below).

Today savers receive less then 1% interest on their banked money.

If the interest on the debt increases, let’s say to 5% it would mean savings accounts would be paid $5 interest for every $100 on account.

But then the US Treasury Department would have to pay 5% interest on $21 trillion, or over $1 trillion a year in interest only, which would bankrupt the country. 

So, the nation’s central bank, the Federal Reserve, is trapped into keeping interest rates low at the expense of savers whose accounts are losing purchasing power as the rate of inflation increases. 

Prior to the distribution of COVID-19 stimulus money, there were ~$13 trillion in US savings accounts that earn less than 1% interest. According to Shadowstats.com, the real rate of inflation is ~12% versus official government numbers of ~4%. That means the $13 trillion of banked money is losing ~$2.6 trillion of its purchasing-power each year. 

Future obligations

In addition to this current debt the US has future liabilities. For example, the US owes $21+ trillion dollars for future Social Security and $32+ trillion in future Medicare payments.  

The admission that some of the money for Social Security and Medicare now come out of the general fund indicates the trust funds for these programs are partially depleted. Only the bi-weekly deductions from paychecks (FICA payments) repletes these trust funds.

Gross domestic product

Offsetting all these debts the US generates a total economic productivity exceeding $20 trillion annually. This is called the Gross Domestic Product (GDP). This is an implausible figure in light of 40 million unemployed US workers (discussed further herein).

However, GDP is supposed to represent economic productivity. The growth in the GDP now largely represents borrowing (stimulus money). 

In the past year the US has provided nearly $2.56 trillion of COVID-19 relief, a chunk of that directly to citizens, with most of it fortunately being stashed into savings accounts. Another $6 trillion of COVID-19 related public works and other programs is now being pushed through Congress. 

Americans reportedly stashed $2.56 trillion of this stimulus money into savings accounts. Had the people spent the money rather than saved it, inflation would have risen uncontrollably.   

So, according to Reuters News Service the economy artificially grew a whopping 10.6% in the 1st Quarter of 2021. But all that happened was the federal government has flooded the economy with paper money and direct deposits of electronic money in bank accounts (see MI money supply chart below).

Longevity is financially killing the country

The following mortality table reveals Americans are living longer and longer. Out of 100,000 Americans, 90 years after their birth, 24% are still alive. Medicare and Social Security cannot continue in the present form. These programs cannot afford to continue paying for promised health care and pensions.

Unemployment

According to the US Debt Clock officially there are 9,667,080 unemployed as of May 27, 2021. However, the Debt Clock also recognizes there more unemployed Americans than the official count by the Bureau of Labor Standards. The official unemployed number according to the US DEBT CLOCK is over 17,357,888 million.

But a closer look by economist John Williams of shadowstats.com calculates a 25.5% unemployment rate when you include all the people who have stopped looking for a job. Which means close to 40 million Americans are actually out of work (25.5% of 151 million workers).

Now recognize that these 40 million unemployed Americans are not making FICA contributions out of their paychecks for Medicare and Social Security.

Therefore, there is no possible way Medicare and Social Security payments can continue to be made under the present circumstances.

Can the US continue to fund Medicare and Social Security?

To the financially naïve, it would appear the greatest country in the world could at least offer a universal health care plan. 

Can the US afford to offer free healthcare for all, from a single payer, the US government? 

Even the trillions of borrowed dollars being thrown at the COVID-19 pandemic will have dire consequences for America. 

Turns out, private health plans pay 141% to 259% of Medicare rates to help keep Medicare costs low. In other words, private insurance carriers bear some of Medicare’s freight. Take away private insurance and it will cost a lot more for Medicare. Hospitals lose money on Medicare but make considerable profit from private health plans.

There is an organization, National Nurses United, that wants Medicare for all. Here is a photo from their website (below). Obviously National Nurses United hasn’t read the US Debt Clock or referred to Shadowstats. And to the consternation of this group of nurses, the President of the United States is throwing trillions of borrowed dollars away in the stimulus funding. It appears the US can make all the money it desires.

Other notable data available at US DEBT CLOCK include number of Americans living in poverty (36 million), US bankruptcies (637,238), foreclosures on US homes (74,089), food stamp recipients (42 million), total unfunded liabilities ($148 trillion). The US is increasing the money supply by $33,921 for every new ounce of gold mined; $4767 for every new ounce of silver produced. ####

David Lifschultz
THE LIFSCHULTZ ORGANIZATION
DAVID@LIFSCHULTZORGANIZATION.COM

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