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Summer Solstice Issue

 

Vol. 23 No. 2

 

By Anthony J. Sanders

 

Echinacea Recount Agenda of 2024 HA-22-6-23

 

To ensure everyone knows Echinacea cures COVID, RSV and influenza.  To recount the 2020 and 2022 elections, 2020 payroll tax, 2021 and 2022 income taxes and customs revenues, US population, US GDP, Gross World Product, 2,200 nuclear warhead limit etc.  To increase the federal minimum wage, once and for all, by adding a new subsection at 29USC§206(a)(1)(D) that provides 'a base wage calculation of $10.00 an hour in 2022 with 3 percent annual raise for low-income workers - $10.30 2023, $10.60 2024 etc.'   To get the Federal Reserve and Treasury Balance out of bankruptcy, the Treasury will pay the Fed $25.4 billion to end their 4.75 percent usury, to secure a $535 billion tax day loan to ease the cost of the $1,070 billion FY 23 bill for uncollected back income tax overestimates, having already paid $200 billion for the 2020 payroll tax overestimate, and received a $36 billion payroll tax rescission in 2021, to protect the Treasury against a +/- $49 billion balance FY 23, to be accounted by OMB as Public Debt Held by Federal Reserve pursuant to 31USC§5153 and 31CFR§203.2 and require the Board of Governors to set the discount rate at 2 percent under 12USC§248(r)(2)(A)(iii), §343(3) and §357.   To vote to repeal the tax loophole or authorize the child tax credit 26USC§24 and permanently place the repeal of the adjustment to contribution base in Sec. 230 of the Social Security Act 42USC§430 on the agenda to increase social security payroll tax revenues by 27-30 percent, create a Supplemental Security Income Trust Fund to end child poverty by 2024 and all poverty by 2030 and reduce the on-budget deficit by the $70 billion FY 2024 cost of the SSI program and any child tax credit expansion. Be it enacted in the House and Senate assembled.  This rough draft is published on the summer solstice, to equally inform the public at the usual time, enjoy three free zeros in Lander city park, and protect the work against the elements, before the exact estimates of revenues and outlays for FY 22-FY24 erupt from Old Faithful, for the codification of Congress.

 

New Amex Card HA-19-5-23

 

I am happy to report that I received the new American Express card and shall inform the New Mexico Regulation & Licensing Department and Treasury, when it has been used to buy new shoes, shop for groceries and withdraw cash from an ATM, this afternoon.  The Treasury Secretary is obligated to prescribe regulations best calculated to protect the Government and individuals, who receive and/or engage in issuing those notes, from fraud and loss due to malfeasance of Senate Committee on Banking Housing and Urban Development 31USC§321(5)(A)(B). On second thought, I would like to sweeten the deal, to end all debt ceiling standoffs, by testifying that the $535 billion loan would enable the Federal Reserve to not only liberate the $1,070 billion equivalent of the $1,070 billion 2021 and 2022 income tax overestimate, frozen in the Treasury balance, over two years, and the advance 4.75 percent interest payment would get Federal Reserve remittances out of bankruptcy. $535 billion to be available to pay the FY 23 tax refund would be repaid with another $535 billion from Presidential spending overestimates FY 24. Although liberating money tied up in income tax overestimate duplicate, does not really increase federal debt, treating the tax overestimate dispute as loan, that does retire as it is repaid, is due process of the several Bureau of Fiscal Service frauds that, failing to perform, cause Janet Yellen's habitual loss of balance, slightly more than $1,070 billion this bankruptcy, to compel the Senate to issue the President a 210 day notice to replace the Treasurer pursuant to the Vacancy Act, if she does not cough up the missing trillion dollars of marketed Treasury securities, that is quite different number of zeros, than the equivalent amount of uncollected back income tax overestimates.

 

Annual Social Security Underwriting Report Examination 2023 HA-17-4-23

 

Don't pandemic. The Economic Security Agenda at the end of this brief will permanently place the repeal of adjustment to contribution base in Sec. 230 of the Social Security Act 42USC§430 on the agenda to increase OASDI payroll tax revenues by 27-30 percent, create a SSI Trust Fund to end child poverty by 2024 and all poverty by 2030 and vote to repeal the tax loophole or authorize the child tax credit, in FY 24. It will secure a $535 billion tax-day loan from the Federal Reserve to ease the cost of the $1,070 billion bill for uncollected back income tax overestimates leaving the Treasury with a +/- $49 billion balance FY 23 31USC§5153. It will pay the Fed $25.4 billion 4.75 percent interest today for the tax-day loan to be repaid FY 24 and a token remittance 31CFR§203.2 and set the discount rate at 2 percent under 12USC§248(r)(2)(A)(iii), §343(3) and §357. It will rewrite 10USC498(f) so 'Nuclear Non-proliferation Treaty (NPT) Defined – The 2012 NPT Review Conference set a 1,700 deployed and 2,220 warhead-limit on nuclear weapons. Wherefore, the United States Department of Energy must therefore recycle all nuclear waste and missiles in excess of the 2,200 warhead-limit' and heating and cooling railcars recovered from the NOAA SST anomaly map. It will increase the federal minimum wage, by amending 29USC§206(a)(1)(D) to a base wage calculation of $10.00 an hour in 2022 with 3 percent annual raise for low-income workers - $10.30 2023, $10.60 2024 etc.

 

Treasury Balance Contribution HA-12-4-23

 

FY 23 is a challenging year for the Treasury Balance, but it should be able to afford FY21 and FY22 Combined Statement income tax fraud FY 23, with $34 billion to spare, provided irregular spending on the IRS and clean energy, etc. is prohibited, without exception.  The onset of the COVID pandemic increased spending and deficits to records levels. Actual on-budget spending increased 45 percent from $3.3 trillion in 2019 to $4.8 trillion in 2020 while receipts declined -3 percent from $2.7 trillion in 2019 to $2.6 trillion in 2020. The actual on-budget deficit is estimated to have increased to 10.5 percent in 2020, despite spillover from the overestimation of the payroll tax from the HI Trust Fund. The 2020 payroll tax overestimate was purchased for its estimated value of $200 billion by the Treasury Balance FY 22 and is now reported, as overestimated in the official record. The off-budget OASDI Trust Funds did make a good faith $36 billion repayment in 2021. FY 21 the actual on-budget surplus went down to 6.8 percent of GDP and in FY 22 to -2.4 percent of GDP although debt sales remained excessive, and initial estimates predicted an excessive deficit. In this brief, subsequent on-budget income tax overestimates FY 21 and FY 22 are adjusted to estimate the $1,070 billion purchase price to the Balance, before the worthless official overestimates can be admitted, in future studies.  Costs of market insurance was more underestimated than balance contribution and the FY 22 end balance was only $470 billion.  The lesson this tax-day, April 15, 2023, other than investment income, the lion’s share of Treasury balance contribution is estimated by subtracting actual outlays from gross federal debt accumulation for that year.  Market insurance payments are estimated by subtracting 3 percent of GDP from ‘other’ public debt sold to the public. Furthermore, Treasury and Office of Management and Budget must reform their accounting practices, to stop overestimating outlays by design, by exactly entering the true amount of Cabinet spending in the reformed government outlays by Agency ledger, and between 2020 and 2022 cheating on taxes, and not collecting student loans, at great cost to the Treasury balance.

 

90th Anniversary of the Deposit Insurance Fund HA-22-3-23

 

Silicon Valley Bank (SVB) had $209 billion in assets at the end of 2022 according to the FDIC. The bank reported ($175 billion in deposits), $151.5 billion in uninsured deposits of which $137.5 billion were held by US depositors. A $42 billion run left SVB with negative $980 million in cash equivalents, whereby the bank was failed and the FDIC appointed receiver. All depositors of this institution, and other banks that failed or were downgraded, will be made whole. The reason for the bank failures described as a liquidity crisis due to the usuriously high rates of interest on unaffordable Federal Reserve overnight loans and temptation to over-invest in hold until maturity Treasury bonds, due to widespread losses on the stock exchange. The most significant economic propaganda to be prohibited is that the FDIC may have stolen $3 billion under cover of “unrealized losses”. Furthermore, the Fed needs to reduce interest rates from 4.75 percent to achieve their inflation tarter of 2.0 percent. The Treasury should also reduce inflation protected bonds towards the 2 percent target. A case is made to beg to pass a law to get the Deposit Insurance Fund (DIF) to pay their first genuine deposit insurance benefit to an individual in the ninety-year history of the FDIC concealment, insure depositors embezzled by the Direct Express and Netspend of inequity in 2021 and to re-establish FDIC as DIF.