There is an old saying: “Figures don’t lie, but liars figure”. Enter the Accountants.
Accountants use ‘sets’ of books and double entry systems of debits and credits to keep track of complex organizations. This complexity allows for sections or divisions to maintain their own figures, budgets, and expenses.
Lately, the US government has ‘lost’ over 20 trillion dollars in the jumbled relationships between divisional sections. These losses practically double the national debt of the USA.
The solution to this problem is simple. Change the rules. By changing how numbers are reported, the shortfalls can be hidden behind accounting ‘adjustments’. Presto-changeo abra-cadabra... everything is fine.
Most of us live in smaller accounting spaces. We are unable to spend more than we have. Governments are able to spend without limitations or consequences.
The final results of such magic is the loss of value of the currency. Fiat currencies require public confidence. Deceptive accounting destroys public confidence.
When big banks and governments have their lies exposed, People will choose the honesty of blockchain currencies... I hope.
Here is today’s beauty.