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The Department of Treasury is issuing record levels of debt, with $7 trillion issued in just 3 months and $23 trillion in a year. This has bloated the treasury market, raising concerns about a potential crash. The economy is propped up by debt, with federal debt rising by $1 trillion every 90 days. US treasuries are seen as cash but are actually promises to pay back in the future. The illusion that all debt will be repaid is crucial, as any doubts could lead to a financial system collapse. Fiscal trends are worsening, with a $2 trillion deficit that will increase during a recession. Collapse seems inevitable without intervention. Visit profsaintonj.com for more details.

The federal government is overspending, with deficits hitting record highs due to wars, welfare, and interest on debt. Tax revenue is not keeping up with spending, leading to a ballooning national debt. Interest payments on debt are consuming a large portion of tax revenue, making the situation unsustainable. The government shows no signs of cutting spending, leading to predictions of inflation, defaults, and debt crises in the future. This financial Ponzi scheme could end in disaster if not addressed soon.

The speaker asked Chat GPT how much money the Pentagon had unaccounted for in its last audit. Chat GPT initially stated the Pentagon had about $220 billion in assets. The speaker thought the figure was closer to $1.5 trillion and corrected Chat GPT. Chat GPT responded that the speaker was correct and that in its most recent audit, the Pentagon could not account for $1.5 trillion in assets. The speaker then prompted Chat GPT to put $1.5 trillion into perspective. Chat GPT stated that if you spent $1 million every day since the birth of Christ, you still would not have spent $1.5 trillion, and it would take over 4,100 years to reach that amount. The speaker emphasizes that $1.5 trillion is just the amount of money that is unaccounted for.

This hearing of the Oversight Subcommittee on Doge will focus on bringing full transparency to waste, fraud, and abuse within the federal government. Our national debt is $36 trillion, and the compounding interest is growing out of control, projected to exceed our entire military budget. These interest payments don't serve Americans; they enslave us to those who own our debt, driving inflation and crippling small businesses. This debt results from Congress and elected administrations, betraying the American people. Unlike private businesses that depend on customer service and smart financial management, the federal government takes our tax dollars regardless of its performance. We must tackle this problem together, setting aside political theater. This subcommittee will fight the war on waste with President Trump, Elon Musk, and the Doge team, starting with improper payments in Medicaid and Medicare. The American people are watching.

The speaker argues for a movement to deflate what is termed “the parasitic system,” describing it as large-scale states and corporations that siphon wealth from grassroots communities. The core idea is to live independently and locally—growing, preparing, fermenting, storing, foraging, hunting one’s own food and medicine, and swapping within local networks—so as to reduce support for large governments and big corporations. This shift, the speaker claims, destroys inflation, corruption, and power abuse allegedly used by “rich elites” to steal money and power. Key premises include: - Deflating the parasitic system is necessary because people must “start living independently locally and no longer feed and support large scale states and companies.” Otherwise, the decay repeats itself. - Large-scale states and corporations are described as parasitic and destructive by nature due to their excessive scale, which enables wealth to be siphoned upward and concentrates power among an “extreme parasitic sociopathic elite.” - The relationship between parasite and host is invoked: in a healthy parasite-host dynamic, the parasite remains subordinate and non-destructive toward its host. - The speaker characterizes the system as an overarching “multiple host cancer” driven by parasitic sociopathic elites, enabled by the scale of the elites and institutions. - The National Jamming of anti-monopoly or anti-government sentiment (referred to as “NJAM”) is presented as a more gradual return to local living, or a collapse with significant suffering, depending on outcomes. On justice and resistance: - The speaker claims that seeking justice through courts within the parasitic system—described as “the parasitic monster, biggolfpluscorp”—will fail, equating this to asking justice from the parasites that feed on you. - The recommended response is to “starve the parasitic monster” and instead “feed yourself, your household and your local community.” Geopolitical note: - The speaker issues a warning to Belgium to brace for the process described as deflation, citing specific 2024 Belgian debt figures and extrapolations: “Belgian national debt 2024 in billions of euros. Federal Janapr, plus 29.6 to 534.89, sub governments, plus 22%, 652.57, equals 113% of bbp. Extrapolation 2024, plus 108.3 to 724.79, = 125% of BBP.” Source attribution: - The message references Source2mia.org and ends with a request to “Please like and follow.”

The Federal deficit is much larger than reported due to the way Biden's team hid student loan cancellations. The deficit for the previous fiscal year was $1.7 trillion, a 20% increase from the previous year. However, the actual increase was $600 billion, making the deficit $2 trillion. This puts the US on track to be $45 trillion in debt by 2033 and $144 trillion by 2053. Debt service, recessions, and wars further contribute to the deficit. Debt service costs are rising, recessions increase spending and decrease tax revenue, and wars add to the financial burden. With additional plans for global warming funds, corporate welfare, and welcoming illegal immigrants, the Treasury will continue to be looted until there are consequences.

Speaker 0: The seventy six day period is the time between when President Trump was elected and President Biden left office. Is that right? Speaker 1: Correct. During that period, from the loan program office in loans and commitments, $93,000,000,000 went out the door—well over twice as much as in the previous fifteen years. There were funds that went out the door and commitments made from businesses that provided no business plan and no numbers about their own financial solvency or how this project... Speaker 0: So you’re telling me that the Department of Energy, in the seventy six day period, before their boss was going to leave office, gave our loan money to entities that had no business plan? Correct. No financials? Speaker 1: Correct. I’ve come in with great concern about how this institution, Speaker 0: this great American institution has been run and how American taxpayer money has been handled. You’re going back through and checking each one of these loans and these grants to make sure there was no stealing, aren’t you? Speaker 1: We’re looking at that, and yes, my blood pressure is rising right now just thinking about what we have seen and what did happen at the moment. Gonna tell some of these boondoggles no, aren’t you? Speaker 0: That’s correct. I am. It’s rare that I’m speechless, but I want to be sure I understood. The people running the Department of Energy for President Biden’s administration shoveled $93,000,000,000 out the door in seventy six days, and it just happened to be the time between when President Trump was elected and President Biden, their boss, was leaving. Is that right? Speaker 1: It is correct and distasteful. Confidence undermining. My god.

Speakers analyze a Treasury/GAO annual report, focusing on page 215 and the independent auditor's report from the US Government Accountability Office. They quote that "for twenty eight consecutive years now, the Government Accountability Office has been disclaiming opinions about all of this information" and that "we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion." They highlight "material weaknesses in internal control over financial reporting and other limitations on the scope of our work" and that "the federal government is not able to demonstrate the reliability of significant portions of the accompanying accrual based consolidated financial statements." They note weaknesses across DoD, SBA, Education, and environmental liabilities, and that the American Rescue Plan Act 2021 program was "not adequately accounted for." The document also presents "Social Security and Medicare sensitivity analysis" with a "low cost alternative" described as "slower improvement in mortality, beneficiaries die younger." The speakers argue the government's size and complexity impede accountability, that the Federal Reserve is not a government agency, and advocate a "trust game" and a "debt jubilee" to restart.

Speaker 0 presents a call to “deflate the Parasitic System,” arguing that growing, preparing, fermenting, storing, foraging, hunting one’s own food and medicine, living off grid, and swapping with local communities—while avoiding big government and big corporations—creates deflation that destroys inflation, corruption, and power abuse by “rich elites.” The goal is to deflate the parasitic big government and corp more and more. Why deflate the parasitic system? The speaker asserts people must begin living independently locally and cease feeding and supporting large-scale states and companies; otherwise decay reoccurs. States and companies are described as parasitic and destructive due to their excessive scale. In a healthy parasite-host relationship, the parasite remains subordinate and non-destructive toward the host. The speaker claims large-scale states and corporations rise above and destroy their hosts until the entire system collapses, characterizing the elites and their parasitic system as an overarching multiple-host cancer that sucks life from common people while enabled by large-scale systems. The NJAM is presented as a more gradual return to independent, local living, or a collapse with significant suffering. The parasitic destructive behavior is attributed to the opportunity their excessive scale provides to siphon wealth from the grassroots to higher levels, creating an increasingly extreme parasitic sociopathic elite. The speaker claims attempts to obtain justice from courts within the parasitic monster (referred to as “biggolfpluscorp”) will always fail, equating seeking justice from parasites that feed on you. Therefore, the recommended strategy is to starve the parasitic monster and instead feed oneself, one’s household, and the local community, with a note to “Brace yourselves in Belgium.” Debt data are provided to illustrate systemic deflation: “System is set to deflate by itself.” Belgian national debt 2024 in billions of euros. Federal Janapr, plus 29.6 to 534.89, sub governments, plus 22%, 652.57, equals 113% of bbp. Extrapolation 2024, plus 108.3 to 724.79, = 125% of BBP. The speaker concludes: “Therefore, let's deflate the parasitic system even more!” The message ends with a source attribution: Source2mia.org, and a call to like and follow.

Our financial systems are antiquated. We're unable to track trillions of dollars in transactions. Information sharing is severely limited by outdated and incompatible technological systems.

A report discusses the possibility that a firm owned by Venezuela could take over one of the United States’ top voting machine companies, sparking concerns that American democracy could be affected by Venezuelan interests. The report notes that Hugo Chávez’s Venezuela moved to the left and critics claim the deal puts democracy “for sale.” In Chicago, about 19,000 electronic voting machines were used in the city and Cook County’s primary on March 21, and the US company that makes the machines, Sequoia, had been bought in 2005 by Smartmatic, a private company primarily owned by Venezuelan businessmen. When Chicago encountered problems with the machines, a dozen Venezuelan employees were on hand to assist. Chicago officials expressed anger, with one stating that American elections ought to be run by American companies and American citizens, not Venezuelan nationals. Smartmatic is technically based in Boca Raton, Florida, but its president, Jack Blaine, testified to the Chicago City Council. Fewer than a dozen Smartmatic employees work in Florida; the majority are based in Venezuela. Watchdog groups question why US voting machines would be under the control of citizens of another country, particularly a country whose own election process is described as highly suspect. They view it as a national security issue, arguing that companies owned by non-US entities should not have access to US elections. The Treasury Department is expected to monitor sales of US companies to overseas investors where national security is a concern, such as in the Dubai ports deal. Some in Congress are demanding an investigation. Speaker 2 notes several unanswered questions about Smartmatic, including offshore ownership and murkiness, and says someone should know who owns it. They believe the government should know. There is concern about a potential risk to the democratic process. A request was made to the Secretary of the Treasury to review the ownership of Smartmatic/Sequoia; Treasury acknowledged awareness of the sale but could not confirm whether it had been reviewed. Some in Congress and voter watchdog groups urged a clearer explanation than what had been provided. There is criticism of the Treasury Department as allegedly incompetent, with claims that they have halted more than 1,500 reviews while not confirming whether the Committee on Foreign Investment in the United States reviewed this voting-machine sale. The speakers express frustration at the lack of a clear answer, calling for action from officials, including possibly John Snow, and promising to continue pursuing the matter. Representatives and media figure Kitty are credited with advancing the inquiry and expressing appreciation for the congresswoman’s efforts, while urging White House involvement to provide an answer by Monday evening.

I didn't hear any mention of spending or national debt, which is concerning. We need to control spending to address broader issues. The national debt is a symptom of the nanny state, which consists of three parts: the entitlement state, the regulatory state, and the foreign policy nanny state. To tackle the entitlement state, we should attach work requirements to government aid. For the regulatory state, we need to reduce the number of federal bureaucrats and eliminate unconstitutional regulations. Lastly, we should implement zero-based budgeting for federal expenditures, including foreign aid. By dismantling these areas of unnecessary spending, we can effectively address the national debt and restore self-governance in the country. The focus should be on these root causes, as resolving them will lead to a healthier economy and civic responsibility.

In the last 48 hours, there has been bad news. The rating agency has downgraded the American government's ability to repay from AAA to AA. This is concerning because it means the cost of borrowing money to cover our deficits has increased. A double A bond is not as reliable as a triple A bond.

The speaker explains that the government's decision to pay off debts, including precatory and ICMS on fuel, resulted in the mentioned outcome. Around half of the 230 billion is attributed to the previous government's debt, which could have been extended until 2027. The speaker believes it was unfair to burden any future president with this debt. They argue that the informed public should appreciate the government's effort to restore financial order in its first year.

The US government prints its own money, so why borrow in the same currency? Confusion arises from the language and concepts surrounding this. The government prints money and sells bonds to borrow. This process leads to debt and deficit discussions.

During my brief work involving budget review, a high-ranking official at the Ministry of Foreign Affairs revealed a shocking detail. I questioned why the state holds a minority stake in the board overseeing Mr. Rioux and the French Development Agency (AFD). The official explained that if the state became the majority shareholder, the AFD's debt, totaling €50 billion loaned to countries unlikely to repay, would have to be included in France's national debt. So, beyond the uncontrolled spending with little benefit for France or the aided populations, a significant portion of France's debt is concealed within the AFD's balance sheet.

A report discusses a deal that could allow a Venezuela-owned firm to take over one of the United States’ top voting machine companies, as Hugo Chávez-led Venezuela shifts the region leftward. Critics claim this places democracy “for sale” without action. The focus centers on the Chicago and Cook County primary on March 21, which used about 19,000 electronic voting machines. The machines’ manufacturer, Sequoia, was bought in 2005 by Smartmatic, a private company primarily owned by Venezuelan businessmen. When Chicago experienced problems with the machines, a dozen Venezuelan employees were on hand to assist. Chicago officials argued that American elections should be run by American companies and American citizens, not Venezuelan nationals. Smartmatic is technically based in Boca Raton, Florida; however, the company’s president testified to the Chicago City Council. Fewer than a dozen Smartmatic employees work in Florida, while the majority of workers are based in Venezuela. Watchdog groups questioned why US voting machines would be under the control of citizens of another country, especially a country with a voting process deemed highly suspect. They framed the issue as a national security concern, arguing that companies owned by non-US nationals should not have access to US elections. The treasury department’s role in monitoring sales of US companies to overseas investors—where national security is a concern, similar to the Dubai ports deal and the CFIUS process—was highlighted. Some in Congress demanded an investigation. In Smartmatic’s case, questions remained regarding ownership, which led to a letter to the secretary of the treasury requesting a review of the ownership. The process is described as offshore and murky, with unclear ownership details. It was asserted that the government should have clarity on this matter. reporters attempted to verify whether the 2005 Sequoia sale had been reviewed by CFIUS. Treasury officials acknowledged awareness of the sale but could not confirm whether it had been reviewed. Congress members and voter watchdog groups pressed for a clearer answer and a formal review. The dialogue included strong criticisms of the Treasury Department, with speakers accusing it of incompetence for reportedly stopping over 1,500 reviews while failing to provide a clear answer about whether CFIUS reviewed the voting-machine sale. The discussion noted the need for accountability and information, including potential outreach to John Snow, then the Treasury secretary, to obtain a definitive explanation for the public. Ultimately, the speakers emphasized that the issue deserved examination and pledged to continue pursuing answers, praising a Congresswoman for her efforts and calling on the White House to provide an explanation by Monday evening. The conversation ended with a commitment to actively seek clarity.

During a congressional hearing, a senator questioned a secretary about the Department of Energy's spending. The senator highlighted that $93 billion in loans and commitments were issued in the 76-day period between President Trump's election and President Biden leaving office, more than double the amount from the previous 15 years. The secretary admitted that due diligence was likely not done in many cases, with funds going to entities lacking business plans or financial solvency. The secretary stated that they are reviewing loans and grants to check for stealing and incompetence. The senator expressed concern over potential "boondoggles" and hoped for referrals of "thieves" to the Department of Justice. The secretary also confirmed a planned reduction of several thousand employees, crediting President Trump for empowering departments to make necessary changes.

Moody's, downgraded The US's credit rating from its highest triple a rating to double a one. Moody's cited the growing US debt currently at about $36,000,000,000,000 and the inability of politicians on both sides to manage it. This means The US does not have a perfect credit rating at any major agency for the first time since the invention of government credit ratings in the nineteen tens. S and P downgraded The US in 2011 to its second highest ranking after that year's debt ceiling fight. Fitch downgraded The US also to its second highest ranking in 2023 over similar concerns raised by S and P and specifically citing The US's, quote, erosion of governance. So why does this matter? A credit rating from these agencies signifies how likely a country is to meet its debt obligations and affect borrowing costs for projects.

In 1994, the New York Fed and the Federal Reserve bought shares in the Bank of International Settlements (BIS). The BIS is described as the central bank of central banks in Sweden/Switzerland, said to operate above the law, with sovereign immunity, the ability to receive and hold money secretly, and to keep money on its balance sheet secretly. The Fed’s purchase allegedly made their relationship with the BIS closer. In 1995, a budget deal “crashed and burned,” and in October there was a claim from the president of the largest pension fund that “they, whoever they are, have given up on the country and moving all the money out starting in the fall.” It was around October 1997 that money purportedly began to go missing from HUD and the Department of Defense. The speaker asserts that from 1998 to 2015, $20,000,000,000,000 was missing from COD and $1,000,000,000,000 missing from HUD. With money going missing, the speaker describes the onset of the “great poisoning.” The argument continues that the next month after the budget deal collapse, OxyContin was approved, HUD predatory lending began, pill mills started, and targeting of low-income neighborhoods intensified, with roundups from the private prison movement. The speaker notes undocumentable adjustments rising sharply. By 09:11, the speaker claims, a reporter had been covering missing money and a large spread was planned for Insight magazine about $3,300,000,000,000 missing, demanding accountability and identifying which private corporations and banks ran the payment systems. The story was expected to run on 09/15/2001. On 09/10/2001, Donald Rumsfeld held a press conference at the Department of Defense stating that the DoD was missing $2.3 trillion (or $3 trillion, depending on version). The next day, 9/11 occurred. James Corbett later released a video, “Nine Eleven Trillions,” describing how offices blown up at the Pentagon and World Trade Center related to securities and financial operations connected to the missing money. The speaker asserts that the Pentagon office blown up housed the Office of Naval Intelligence Research Group investigating the missing money. The Patriot Act followed, DoD received large appropriations, and attention to missing money diminished. Fast forward to 2015, the financials allegedly showed the greatest missing money in one year: the DoD was missing $6.5 trillion in that year. Dr. Mark Skidmore, a budgeting expert at Michigan State University, investigated, and, after reviewing DoD financials, confirmed substantial undocumentable adjustments. He contacted the speaker to help conduct a complete survey of all financial statements from fiscal 1997 to 2015. The survey yielded figures increasing from $12 trillion to $21 trillion missing. When Skidmore published his 2017 report (at missingmoney.solari.com), it was found that the amount missing from the U.S. Treasury matched the total outstanding debt of the United States on the books—$21 trillion. Authorities reportedly pressed the DoD to produce audited financial statements; DoD refused. The Kavanaugh hearings are cited as the moment when the Federal Accounting Standards Advisory Board (FASB) Statement 56 was issued, allowing the government to keep books secret as a matter of administrative policy, extending to private companies and banks doing business with the government. The result, according to the speaker, is that much of the disclosure in the U.S. securities market is meaningless due to government secrecy. The speaker notes that COVID-19 operations could not have happened without FASB 56, claiming it enabled access to unlimited secret money. A quoted anecdote is that one month after FASB 56 passed, Moderna reportedly raised $500,000,000.

The speaker mentioned that there were several steps that were intentionally delayed by the Department of Justice. When asked if they had encountered this situation before, they replied that they had not.

The US government prints its own money, so why borrow in the same currency? Confusing language aside, the government sells bonds to borrow money. Despite the confusion, it's clear the government prints money and borrows, leading to debt and deficits.

During the 76-day period between President Trump's election and President Biden leaving office, the Department of Energy's loan program office issued $93 billion in loans and commitments. This sum is reportedly more than double the amount disbursed in the preceding 15 years. These funds and commitments were allegedly given to businesses lacking business plans or proof of financial solvency. The Department of Energy purportedly gave taxpayer money to entities with no business plan or financials during this period. There are concerns about how the institution was run and how taxpayer money was handled. Each loan and grant is being reviewed to ensure there was no stealing. The Department of Energy under President Biden's administration allegedly shoveled $93 billion out the door in 76 days, between President Trump's election and President Biden leaving.

Our financial systems are outdated, hindering our progress. It is estimated that $2.3 trillion in transactions cannot be tracked. Additionally, we face challenges in sharing information within this building due to incompatible and inaccessible technological systems.

Mister President, can you address the funding pause? I don’t think this is the right time for that question. The government is performing well, and we are making significant cuts. Thank you.