Board-Ansicht
Mix-Ansicht- Finanzbetrug durch die US-Regierung (Heinz Blasnik/ CB) - Amanito, 26.08.2002, 23:09
- Re: frei nach Goebbels- das Volk glaubt nicht an grosse Luegen - kingsolomon, 27.08.2002, 13:51
Finanzbetrug durch die US-Regierung (Heinz Blasnik/ CB)
-->a few examples in this article by Mark Nestmann, explaining some of the most outrageous fraudulent accounting practices the government employs (the private sector would NEVER get away with something like this):
US Justice Department officials prosecuting the Enron case have won a
round with the guilty plea of Michael KOPPER, former managing
director of Enron Global Finance, to charges of money laundering and
attempted wire fraud. As part of the plea agreement, prosecutors will
seize $22.1 million of profits that Kopper admits"laundering."
But this amount is"small potatoes" compared to the multi-billion dollar
sleight-of-hand conducted each year by the largest money laundering
operation on the planet: the US government.
For instance, Uncle Sam double-counts tax dollars both as a decrease in
the government's deficit and as an increase in the Social Security Trust
Fund. This way, Congress and the President conceal the true size of the
budget deficit. This amounts to several hundred BILLION dollars annually.
( You can probably guess what would happen to corporate honchos who
raided their employees' pension fund and put the money in the bank to
boost profits. )
Then there's what the US Treasury calls"baseline budgeting." Here,
agencies turn a budget increase into a budget cut. For instance, if they
ask for a 15% budget increase and then receive only a 10% increase, they
call that a 5% budget"cut." How would the shareholders of a corporation
react if its CEO tried to carry out the same type of scam?
But the biggest accounting scams perpetrated by the feds are so-called
"off-budget enterprises." The Treasury's Federal Financing Bank ( FFB )
loans billions of dollars each year to federal agencies, but the loans never
appear on the agencies' financial statements. If the agencies pay back the
loans, the Treasury calls it a"spending reduction." Thus, even though the
loans cause an increase in the federal deficit, it is reported as a
decrease!
I'm not defending Michael Kopper or his ilk... just observing that
when it comes to accounting fraud, Kopper and his shifty colleagues at
Enron are mere amateurs compared to the laundering pros at the US
Treasury.
That's the way that it looks from here.
Mark Nestmann
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