Prof. Antony Davies: 10 Myths About Government Debt

Published: October 16, 2017

Professor Antony Davies explains the many miss-understandings about Government Debt. Myth 1 is that the government owes “only” $20 trillion. (In reality, it’s much more.) But luckily, Myth 10 is that there’s no way to fix this problem…

Myth number one, the government owes $20 trillion. How much is $20 trillion? Suppose you go to Germany, and in Germany, you go to every town. In every town, you visit every store. In every store, you look at every shelf and grab everything that is for sale. The amount of money you spend will not be $20 trillion. If you go to Germany and then to France and you go to every town, and within every town, you go to every store. In every store, you look on every shelf and you buy everything. You still will not have spent $20 trillion. You can go to England and while you’re there, you can go to the North Countries and buy everything that’s for sale, and you still will not have spent $20 trillion. In fact, to spend $20 trillion, you have to go to every country in Europe, visit every town, in every town, go to every store. In every store, look on every shelf and buy everything. And then you will have spent about $20 trillion.

But the myth is that this is how much money the government owes. It turns out that there’s more, called unfunded obligations. Unfunded obligations is money the Federal Government has promised but which it does not and will not have the money to pay. Largely, this consists of promises of retirement and medical benefits. If you would take the present value of all the future promises of retirement and medical benefits the government has made and subtract from that the amount of money that’s in the government’s Social Security and Medicare trust funds, and then subtract from that the amount of money the Federal Government anticipates collecting under the current law from future Social Security and Medicare taxes, you will still have an amount of money left over that the government does not have.

Theo Von Talks To: Robert F. Kennedy Jr. Author of: “The Real Anthony Fauci”

Published: December 09, 2021

Robert F. Kennedy Jr. returns to discuss his new #1 USA Today bestseller, “The Real Anthony Fauci”. Robert and Theo talk about big pharma, captured agencies, the control of information, and whether or not this episode will get banned everywhere. All proceeds from his book go to the Children’s Health Defense. We recommend checking out the audio version as well.

Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “FAIR USE” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Venus Project Foundation is an arts, sciences and educational, non-profit 501(c)(3), public advocacy organization, based in New York City, United States.

Dr. Charles Lieber - Convicted Harvard Scientist For Treason, Paid by Chinese Communist, Behind Genetic Nanotech in COVID Shots

Convicted For Treason On - December 21, 2021

Mike Adams joins The Alex Jones Show to break down the story of Harvard scientist Dr. Charles Lieber who was convicted yesterday on all six counts after lying to authorities about receiving millions of dollars from communist China as he shared his groundbreaking technology with a Wuhan technology institute. Read more here:

https://www.naturalnews.com/2021-12-22-harvard-scientist-dr-charles-lieber...

Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “FAIR USE” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Venus Project Foundation is an arts, sciences and educational, non-profit 501(c)(3), public advocacy organization, based in New York City, United States.

Justice News

Department of Justice - Office of Public Affairs

FOR IMMEDIATE RELEASE - Tuesday, December 21, 2021

Harvard University Professor Convicted of Making False Statements and Tax Offenses

Dr. Charles Lieber Found Guilty of Concealing His Affiliation with the Wuhan University of Technology and His Participation in China’s Thousand Talents Program

The former Chair of Harvard University’s Chemistry and Chemical Biology Department was convicted by a federal jury today in connection with lying to federal authorities about his affiliation with the People’s Republic of China’s Thousand Talents Program and the Wuhan University of Technology (WUT) in Wuhan, China, as well as failing to report income he received from WUT.

Dr. Charles Lieber, 62, was convicted following a six-day jury trial of two counts of making false statements to federal authorities, two counts of making and subscribing a false income tax return and two counts of failing to file reports of foreign bank and financial accounts (FBAR) with the Internal Revenue Service (IRS). U.S. Senior District Court Judge Rya W. Zobel will sentence Lieber at a later date that has not yet been scheduled. Lieber was indicted in June 2020 and was subsequently charged in a superseding indictment in July 2020.

Lieber served as the Principal Investigator of the Lieber Research Group at Harvard University, which received more than $15 million in federal research grants between 2008 and 2019. Unbeknownst to his employer, Harvard University, Lieber became a “Strategic Scientist” at WUT and, later, a contractual participant in China’s Thousand Talents Plan from at least 2012 through 2015. China’s Thousand Talents Plan is one of the most prominent talent recruitment plans designed to attract, recruit and cultivate high-level scientific talent in furtherance of China’s scientific development, economic prosperity and national security.

Under the terms of Lieber’s three-year Thousand Talents contract, WUT paid Lieber a salary of up to $50,000 per month, living expenses of up to $150,000 and awarded him more than $1.5 million to establish a research lab at WUT. In 2018 and 2019, Lieber lied to federal authorities about his involvement in the Thousand Talents Plan and his affiliation with WUT.

In tax years 2013 and 2014, Lieber earned income from WUT in the form of salary and other payments made to him pursuant to the Strategic Scientist and Thousand Talents Contracts, which he did not disclose to the IRS on his federal income tax returns. Lieber, together with WUT officials, opened a bank account at a Chinese bank during a trip to Wuhan in 2012. Thereafter, between at least 2013 and 2015, WUT periodically deposited portions of Lieber’s salary into that account. U.S. taxpayers are required to report the existence of any foreign bank account that holds more than $10,000 at any time during a given year by the filing an FBAR with the IRS. Lieber failed to file FBARs for the years 2014 and 2015.

The charge of making false statements provides for a sentence of up to five years in prison, three years of supervised release and a fine of $250,000. The charge of making and subscribing false income tax returns provides for a sentence of up to three years in prison, one year of supervised release and a $100,000 fine. The charge of failing to file an FBAR provides for a sentence of up to five years in prison, three years of supervised release and a fine of $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.

Acting U.S. Attorney Mendell; National Security AAG Olsen; FBI SAC Bonavolonta; DCIS SAC Hegarty; NCIS SAC Wiest; HHS OIG SAC Coyne; and IRS CI SAC Simpson made this announcement. Assistant U.S. Attorney Jason Casey of Mendell’s National Security Unit and Assistant U.S. Attorney James R. Drabick of Mendell’s Securities, Financial & Cyber Fraud Unit are prosecuting the case.