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When I respond, or seek responses, I think of the Internet Republic and the people [[whump]] and the places who have made our water world Eden brave and free and fair. Permitted, required, and impossible. Stand alone or stand with, whose choice to what degree [[Thn/]] O[[thn/]]ne water world Eden under "We the people" – created by whom?

Assets = Liabilities + Owner’s (s’) Equity

bama to Ask for $1.2 Trillion Increase in Debt Limit
By ROBERT PEAR
Published: December 27, 2011
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WASHINGTON — President Obama will ask Congress this week for $1.2 trillion in additional borrowing authority, which would raise the federal debt limit to $16.4 trillion and avoid the need for further increases before the 2012 elections, administration officials said Tuesday.
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Times Topic: Federal Debt Ceiling

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This would be the final increase allowed under the budget agreement reached in August after the government came close to default. Since signing legislation to codify that agreement on Aug. 2, Mr. Obama has obtained two increases totaling $900 billion.

The budget agreement largely pre-empts the partisan debate over federal deficits and debt that the request might otherwise have touched off in Congress.

While the House, controlled by Republicans, could try to block the proposed increase in the debt limit, the Senate, with a Democratic majority, is unlikely to go along. If both houses of Congress voted to block the increase, Mr. Obama could veto the legislation.

The government’s need for more borrowing results from the fact that it spends far more than it raises in revenue; it makes up the difference by borrowing 36 cents of every dollar it spends. In the fiscal year that ended Sept. 30, the government spent $3.6 trillion and collected $2.3 trillion.

Despite record debt, the Treasury still finds that it can borrow at extraordinarily low interest rates, contrary to predictions by some Republican lawmakers, who had warned that soaring deficits would require the government to pay more to lenders and investors in Treasury debt.

In the last decade, the government has borrowed record sums to pay for the wars in Iraq and Afghanistan, tax cuts adopted under President George W. Bush and economic stimulus measures enacted in 2009 to address the worst economic slump since the 1930s.

Since President Obama took office, the debt has shot up 42 percent, to the current level of $15.1 trillion. Of that amount, $10.4 trillion is borrowed from the public, and $4.7 trillion consists of special-issue Treasury securities held by Social Security and other government trust funds. Debt held by the public, considered by many economists to be the more significant indicator, is 65 percent higher now than in January 2009.

Treasury officials said the debt often increased at the end of the year because of large interest payments that the government makes to Social Security and other trust funds. These payments will total $82 billion this month, the Treasury said. Money not immediately needed by the trust funds is invested in the special Treasury securities.

In September, the House voted to block Mr. Obama’s request to raise the debt limit by $500 billion, the second increase. However, the Senate had already turned back a similar move.

Representative Tom Reed, a Republican from upstate New York, who led the House effort, said, “Dealing with this national debt is one of the primary reasons why I ran for Congress — to stop the endless borrowing of Washington, D.C., on the backs of our children and our grandchildren.” He said the debt was a “threat to national security.”

=========NH:
[””thn//] National Debt: a threat to national security… [””thn/]; xref: if “Money can be used as ‘bullets,” DHP, Dir. CIA, 2010, then surely a $16.4 X 10^12 national debt is proportionally a potential weapon of awesome mass self-destruction. Is that right?
=========NH//

HEADER PLACED AS FOOTER
if “Money can be used as ‘bullets,” DHP, Dir. CIA, 2010, then surely a $16.4 X 10^12 national debt ( % of global asset values) is proportionally a potential weapon of awesome mass self-destruction. Is that right? Vote Ron Paul ! Start [thn/] the long journey back to firm floors and ceilings on wages and prices.

Filed under: stable environment, stand with, Stand with rights, US Citizens, US Political Dynasty, us supreme court, USA, When, WIC, world bank world development indicators, [thn/] Chinese laborers, , , , , , , , , ,

Email to the Finance Ministry of Egypt

TO: http://www.mof.gov.eg/english/pages/home.aspx
FROM: https://waterworldeden4.wordpress.com/2011/12/25/translate-google-com/

RE: BALANCE SHEET of the Government of Egypt – and the SOVEREIGN Balance Sheet of Egypt

Egypt GDP Screen Shot 2011-12-25 at 4.44.51 PM

Gross Domestic Product, Egypt

http://www.google.com/publicdata
$218.91 Billion US dollars at current prices – 2010
Source: World Bank, World Development Indicators

Disclaimer
CIA The World Factbook Egypt
https://www.cia.gov/library/publications/the-world…/geos/eg.html
Dec 5, 2011 – The budget deficit climbed to over 8% of GDP and Egypt’s GDP growth slowed to 4.6% in 2009, predominately due to reduced growth in …
Economy of Egypt – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Economy_of_Egypt
This has promoted a steady increase of GDP and the annual growth rate. The Government of Egypt tamed inflation bringing it down from double-digit to a single …
Macroeconomic trend – Reform era – Natural resources – Main economic sectors

Gross Domestic Product, Egypt

http://www.google.com/publicdata
$218.91 Billion US dollars at current prices – 2010
Source: World Bank, World Development Indicators

Disclaimer

PROPOSAL
If you assume an 18% R.O.I. on the assets of Egypt, then a $218 X 10^9 GDP, or twice that in purchasing power, would indicate underlying assets of $1.211 X 10^12, or $2.4, in terms of purchasing power.

So, based upon the potential of eminent domain, without exercising it, if the assets of Egypt were to be placed in trust accounts in which the government of Egypt was the trustor and the citizens of Egypt were the trustees, then $14,929 could be credited to each account.

If you assume a 3% R.O.I. on the assets of Egypt then the starting balance would be $89,578 per account.

Or if you assume a 0.3% R.O.I., then…

Each citizen could choose from an approved list what bank he, or she, wanted the funds held in.

Any deposits, or withdrawals, or encumbering of said funds would show up on the monthly bank statement which the trustee would be able to review and audit via electronic serial numbers.

The trustee would be paid $1 a month to do this, but would have no control over the funds, other than to track the electronic serial numbers and audit the accounts of the government and launch investigations into any waste, fraud, or abuse uncovered.

Incentives to carefully audit and investigate would be motivated by the promise of a percentage of any court determinations. Like Ebay, or Amazon.com, ratings would be given to those who presented audits and investigations based upon peer review and court determinations, but the system would be forgiving enough so learning curves have a chance to develop. [thn/]

Trustees would be required to share the allowance and any proceeds from successful audits and Egyptian Lokpal investigations equally with each of their dependents and give proof of so doing.

Any funds over and above the allowance flowing to minors would be kept in a personal bank account as savings for college and / or marriage.

The last will and testament of each Egyptian Citizen could pass the trust account to any other Egyptian citizen or entity the trustee so indicates. This would give an incentive for children to obey their parents, or, in the case of orphans, their legal guardian (s).

As the Egyptian balance sheet grows and trustee allowances increase, and audit awards are distributed in part to the auditors and in part to a general fund for all Egyptians, this could grow into a meaningful source of family revenue – without ever needing to draw down the principal to pay the trustee.

The trust legislation would give the Egyptian Government, who is the trustor, the sole authority to draw down the principle [thn/]. And it would set strict limits on such draws because this represents the asset base of the private economy as well as the government assets – this is the sovereign balance sheet [Whump] – the sum total of all assets public and private under Egyptian Jurisdiction.

Also, banks would compete for deposit of the funds – despite very conservative leveraging ratios regarding them, and this would add revenue to the trustees’ allowances and through a large, but conservative capital base, increase tax revenue and banking and loan fees to the national treasury.

Attached is the post regarding this made earlier today and my research notes.

If I have made any significant errors, please let me know. I was unable to find a balance sheet for the Government of Egypt, though I did find the government warehouse accounting project, and the IMF International statistics (which I did not open, but hopefully will another day).

Thank you for having an accessible web site.

Truly,

haji Mohammed Omar, aka, W. Hale
citizen.waterworldeden@aol.com
202-465-0067

cc: IKH
Ambassador of Egypt to the US

blind cc:

5. Enough food on everybody’s table. The National Treasury of Egypt shall be audited. The Assets shall be inventoried. Each of the 81.12 X 10^6 people of Egypt shall each have a National Treasury Trust Account opened in his, or her, name. The Assets of the national treasury shall be pro-rated and an equal amount deposited into each trust account. The terms of the trust will permit the trustee to audit the account and trace all transactions into and out of the account. The trustee shall have no control over the account other than to choose from a list of approved banks regarding what bank it shall be in [thnk/]. The truster, the government of Egypt, shall pay each trustee a minimum allowance of $1 / month for auditing the account. If the trustee is able to use the electronic serial numbers attached to all transactions [[thnk/]] to find and trace any waste, fraud, or abuse, associated with the funds coming into or going out of the account, then the trustee (and other trustees participating [[thn/]]) shall share in 1/2 of the waste, fraud, or abuse so uncovered. Egyptian Lokpals and Lokpal training centers with the Egyptian Postal Service and tax preparers shall be available in person and on line. The Trustor, the government of Egypt, shall be able to use the funds in the 81.12 X 10^6 trust accounts in the same way it normally does. Computerization – and electronic serial numbers attached to all funds in the same way paper currency has serial numbers – shall permit deposits, and withdrawals from the accounts in a pro-rated fashion so the average balance of all accounts remains equal. Banks get more deposits. Egyptians get more transparency into their government. The government gets more participation from citizens.

Research links:
http://www.mof.gov.eg/MOFGallerySource/English/State_Budget2011-2012/vol1-CAB.pdf
Total State’s General Budget

Total Expenditures

387،914،222،000

Chapter Seven ‐ Acquisition of Domestic and Foreign Financial Assets Chapter Eight ‐ Domestic and Foreign Loans repayment

4،249،190،000 98،521،116،000

Total Uses

490،684،528،000

# Revenues
Chapter one ‐ Taxes Chapter two ‐ Grants

Chapter three ‐ Other Revenues

Total Revenues

Chapter four‐ Lending proceeds and Sales of Financial Assets and other assets financial

230،565،809،000 9،479،986،000 88،642،109،000

328،687،904،000

11،218،828،000

Total revenues and Lending proceeds and Sales of Financial Assets and other financial assets

339،906،732،000

http://www.mof.gov.eg/English/Main%20Topics/Pages/GovernmentalStocks.aspx

http://www.mof.gov.eg/English/MOFNews/Media/Pages/Egyptbudgetdeficitmaytop10pctin201112Radwan.aspx
Egypt budget deficit may top 10 pct in 2011/12: Radwan
RIYADH: Egypt’s budget deficit may top 10 percent of gross domestic product in the next fiscal year as the government responds to demands for jobs and higher wages in the wake of a popular uprising, its finance minister said.
Samir Radwan, speaking to the Egyptian community in Saudi capital Riyadh late on Monday, reiterated Egypt needed $10 billion in the fiscal year beginning in July to ease the strain.

“The budget deficit will rise to 9.1 percent, from 8.5 percent in 2010-2011,” Radwan said. “And if all demands are met, it (the deficit) might go up to over 10 percent (of GDP). Next year we need $10 billion (to support the balance sheet).”

Earlier this month, Radwan forecast the deficit would surge somewhere between 9.1 to 9.2 percent of GDP in the 2011/2012 fiscal year.

He also said that Egypt is still in talks with the International Monetary Fund for a $3 billion to $4 billion loan and the country’s economy should grow faster next year than in 2011. “We are still negotiating a loan with the IMF for $3 (billion) to $4 billion,” he told reporters after a meeting at Kuwait’s Chamber of Commerce and Industry.

Anti-government protests fueled by soaring prices, unemployment and repression brought much of Egypt’s economy to its knees for nearly three weeks until president Hosni Mubarak, the country’s ruler for 30 years, resigned on Feb. 11.

“Economic growth is unfortunately going down. Our estimate is 2 percent this year … next year it is about 4 percent,” he said.

(Source:Reuters)

Mint and Egyptian Government Bank Sign a MOU for Significant …
ca.finance.yahoo.com/…/Mint-Egyptian-Government-Bank-m… – Canada
4 days ago – PBDAC, founded in 1931 and with Total Assets of over $6 Billion is a 100% Egyptian Government owned Agricultural Bank, rendering …

http://siteresources.worldbank.org/INTEGYPT/Resources/Access_to_Finance.pdf

Expanding Postal System and Microfinance Institutions

The postal system’s potential contribution to improved access to financial services is great, especially in rural areas, and is crucial for enhancing access in Egypt as a whole. Authorities can make better use of the network of postal offices to expand access by encouraging Egypt Post to diversify the range of services it offers. Such diversification may entail distribution of credit, provided it is regulated by CBE, which would require postal financial services being institutionally split from Egypt Post. Another option would be for Egypt Post to distribute credit on behalf of a commercial bank through a strategic partnership, which would not require a banking license. Such an ambitious diversification strategy entails capacity-building in many fields, including cost accounting, negotiations, market-driven product development, and information technologies. The government should promote the complete integration of all postal outlets into its online network to enhance postal payments and savings products, and consider using this distribution and IT infrastructure for credit extension, tapping relevant international expertise to promote successful expansion.

IMF -SDDS Egypt – Analytical accounts of the banking sector – DQAF …
dsbb.imf.org/pages/sdds/DQAFBase.aspx?ctycode=EGY&catcode…
1.2.2 Internal governmental access to statistics prior to release … Nevertheless, AIB sends its quarterly balance sheet data to two AIB Board members in CBE …
IMF -SDDS Egypt – Balance of payments – DQAF Base Page (DSBB)
dsbb.imf.org/pages/sdds/DQAFBase.aspx?ctycode=EGY&catcode…
The Central Bank of Egypt is entitled to collect, compile and publish Balance of Payments data and … 1.2.2 Internal governmental access to statistics prior to release…. The compilers derive them from the balance sheets of the banking system. …
Transformations to Open Market – International Monetary Fund
http://www.imf.org/external/pubs/ft/issues5/index.htm
[Flexible Open Market Operations] [Government Debt Management] …. the riskiness of its own balance sheet, which may in turn diminish its credibility and stature. …. and Brazil, M3 in India and Malaysia, and the foreign exchange rate in Egypt. …
Balance of Payments Statistics Yearbook, 2008 – Google Books Result
books.google.com/books?isbn=1589067533…
International Monetary Fund – 2008 – Business & Economics – 1732 pages
The entries for direct investment in Egypt cover cash inflows net of outflows as … dollar sovereign bonds issued abroad by the Egyptian government in July 2001 , …Compilers derive the entries from the balance sheets of the banking system . …Portfolio Investment Survey, conducted under the guidance of the IMF. …
Business Today: Downgraded – Business Today Egypt
http://www.businesstodayegypt.com/news/display/article/artId…/secId:3
Dec 8, 2011 – Moody’s third downgrade of Egypt’s sovereign risk rating spooks investors … large exposure of their balance sheets to Egyptian government bonds. …(LE 18.03 billion) loan from the International Monetary Fund (IMF) in June, …
IMF International Financial Statistics dataset guide
http://www.esds.ac.uk › ESDS International Home Page › Support
Oct 13, 2011 – Further information about the IMF International Financial Statistics. …The IFS data are drawn from a huge variety of sources including governmentdepartments , national accounts, central banks, the … These are supplemented, where available, by balance sheet information. …. 469 Egypt (Egyptian Pounds) …
Egypt Economic Statistics, Egypt Economic Indicators for the Year …
http://www.economywatch.com/economic-statistics/country/Egypt/
Aug 1, 2011 – Economic Statistics Database for Egypt for the year 2010 (Egypt …General Government Balance (National Currency), EGP -56.685 … Please note: TheIMF is not a primary source for purchasing power … Note: Transactions that merely change the composition of the balance sheet do not change the net …
I.M.F. Candidates, by the Numbers – NYTimes.com
http://www.nytimes.com/2011/05/23/business/global/23views.html
May 22, 2011 – What if the I.M.F. chose its next leader based on the economic … a reminder of the importance of a strong government balance sheet. … However, Myanmar, Paraguay and — surprisingly — Egypt are in even better balance. …
Balance of payments statistics: yearbook. World and regional … – Google Books Result
books.google.com/books?isbn=1589063821…
Medzinárodný menový fond – 2004 – Business & Economics – 490 pages
Current transfers General government The credit entries cover grants and donations received in cash and … and grants and donations paid by the Egyptian government. …The compilers derive them from the balance sheets of the banking system. …International Monetary Fund : Balance ofPayments Statistics Yearbook …
Egypt: Economy Update 16-31 October 2011
http://www.ukti.gov.uk/export/howwehelp/…/item/print/216640.html
Nov 9, 2011 – An IMF mission is in town to assess economic developments and the country’s … Moody’s Investors Service downgraded Egypt’s government bond ratings by … and ease pressure on the commercial banks balance sheets. …

http://www.nytimes.com/2011/05/23/business/global/23views.html

The current-account balance is another important barometer, because big deficits and surpluses are the source of much global economic instability. Canada’s deficit of just 0.65 percent of G.D.P. should favor Mark J. Carney, the country’s central bank governor. However, Myanmar, Paraguay and — surprisingly — Egypt are in even better balance.

Most important, though, is the overall mix of policy. Ranking the I.M.F.’s members on each measure and adding up the scores suggests South Korea is the winner. Its well-distributed income, low unemployment, current-account surplus and relatively low government debt make it a role model, albeit an unlikely one. France, the home country of Christine Lagarde, front-runner for the I.M.F. post, looks shoddy by comparison.

National economic statistics are crude, and any single policy maker’s contribution to success is impossible to measure. Even so, if the I.M.F. wanted to set an example for the rest of its members, it would replace Mr. Strauss-Kahn with a South Korean.

http://www.economywatch.com/economic-statistics/country/Egypt/

http://en.wikipedia.org/wiki/Category:Government_of_Egypt

http://www.mof.gov.eg/English/MOFNews/Media/Pages/Egyptbudgetdeficitmaytop10pctin201112Radwan.aspx

email

email

@Nervana_1 @Ikhwanweb @ghonim 1. BALANCE SHEET of Egyptian Government 2. SOVEREIGN Balance Sheet of all Egypt 3. Trusts https://waterworldeden4.wordpress.com/2011/12/26/email-to-the-finance-ministry-of-egypt/

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