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IPFS News Link • United States

US government's net worth is now NEGATIVE $75 TRILLION

• https://www.sovereignman.com

Usually around the middle of February each year, the US Treasury Department releases an annual report of the federal government's financial condition.

It's called the Financial Report of the US Government… and it looks a lot like an annual report that you might see filed by a big company like Apple or Facebook.

Except that, unlike Apple and Facebook, the US government's annual report is absolutely gruesome.

This year's report is no exception, save for one humorous anecdote: they -just- released it. In other words, they're a month and a half LATE (given that the report is typically released in mid-February).

I actually CALLED the Treasury Department myself in early March, asking when they would publish the report.

The bewildered individual on the other end of the line said that he had no earthly idea, given that the government had been shut down for so long earlier this year.

Anyhow, if you want to see the report for yourself, you can download it here.

But I thought I would take the liberty of providing a few highlights–

In Fiscal Year 2018, the government's total net loss was $1.16 TRILLION.

Uncle Sam collected $3.4 trillion in tax revenue in FY18. But they spent over $4.5 trillion.

2 Comments in Response to

Comment by PureTrust
Entered on:

Right!below. And the value of the taxes their chattel pay.

Comment by NakedSheriff
Entered on:

The headline doesn't appear to align with the report. Namely it appears that they aren't including market value of of land owned by the government, like the national parks. For individuals, most of our "net worth" is made up of the value of our home and other property we own, you must do the same with artificial entities like the US Government too if you are going to use net worth as a tool of measurement of value. I personally don't think any of it actually matters. All the debt is Odious Debt and when the people are able to overthrow the state, the international community cannot hold us accountable for it.



JonesPlantation