Article 4498 Video - "Off-Balance Sheet Funds" - Sunday, November 26, 2023 By Anna Von Reitz

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Article 4498 Video - "Off-Balance Sheet Funds" - Sunday, November 26, 2023 By Anna Von Reitz

Although this may be a new concept for you, Joe Average American, it is an old, old concept for banks and bankers, and has been going on in this country since the 1920s.

Ever since the FBI arrested Easy Eddie O'Hara, Al Capone's bookkeeper, and saw the advantages of his "Dual Accrual System" of bookkeeping, honest banks and honest government accounting have been out the window.

In 1946, the Municipal Corporations in the District of Columbia went so far as to formally adopt "Dual Accrual Accounting" as the official accounting system of the U.S. Government.

Con artists and Sharpies call it "keeping two sets of books".

The concept is simple enough. You just divide income into two streams, like -- public and private, on-ledger and off-ledger, budgeted and unbudgeted.

Now you have two sets of accounts -- what you admit and what you don't admit.

Of course, the U.S. Tax Court convicted Al Capone of racketeering and tax evasion anyway, but later on, the District of Columbia politicians embraced the concept whole-heartedly for their own use.

Thus, we hear endlessly about Budget debates, but never a word about all the Unbudgeted money flowing into Congressional coffers.

It's not budgeted, so it doesn't count.

Or, in other words ---what the Public doesn't know, won't hurt them.

Now, hearing this for the first time, you might not believe me, so I am posting an article about Germany's "Creative Accounting" and letting you figure out where this shady accounting system came from:

https://www.zerohedge.com/markets/germanys-creative-accounting-finally-hits-brick-wall

This is also how we came to have CAFR Accounts -- that account for all the unbudgeted money that all the various franchise entities attached to the federal "government" corporations are rat-holing away. Like the billions upon billions in the University of California endowment system. Or the millions of acres of land locked up in "Mental Health Trusts".

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