I have looked over the treasury's publicly posted balance sheets more times than I can remember. And they engage in some 5D super hyped common core Chinese accounting over there.
Now I am only used to standard business bookkeeping and standard small business taxes and such, but I would love to meet the people that can figure out those fucking records. If the public ones are strange, the ones we don't see have got to be really strange.
Of all the government websites I explore, treasury is the most confounding outside of the LR2000 at BLM. That is going to be replaced with something new sometime in the next few years. I am hoping against hope the new version is more user friendly than the current one.
I do hold some slight hope since the new USDA is marginally easier to deal with.
One of my friends from childhood trying to explain that Enron accounting was industry standard, I looked at him and said that standard is wrong. Have that same feeling now about the Fed. They are stealing.
Well, I posted the links I have, but not being a serious numbers person I don't know where to start digging in Federal Reserve, nor treasury. But the federal reserve link has a ton of data of all kinds.
They call it the "balance sheet". I highly doubt it is actually anything close to that. And I have high doubts their accounting practices meet any logical standard, never mind a good one. No proof, but I have felt for some time that the treasury website and the fed website are "off", so to speak. Something is not right.
I don't think they have discovered them yet. or if they have they don't land in the regular reports, or they have been renamed into something that makes no sense. Most of the shit they do over there is impossible to fathom.
Now granted I am no accountant, by any means. But their shit is massively complex, at least to me. They, like every government website, define everything. So I suggest going through the definitions and noting where those lines can be found on the sheets.
Here, have a look, the link to where you can see the daily balance sheets.
That is why I stick to reading legislation, the Federal Register, USDA, and the LR2000 at BLM. (and that, by the way, is a real nightmare also for different reasons).
Yep, I know it is just the checkbook, but I figure if anyone can find anything useful on the treasury site it will be someone other than me lol. There is plenty of information there, but I am not enough of a numbers person to know what to look for--or where to start digging for what is not there.
Yeah, their checkbook is scary enough that I can't imagine how much worse it is.
Here is the Federal reserve's public shit if you want to see what is missing:
I have looked over the treasury's publicly posted balance sheets more times than I can remember. And they engage in some 5D super hyped common core Chinese accounting over there.
Now I am only used to standard business bookkeeping and standard small business taxes and such, but I would love to meet the people that can figure out those fucking records. If the public ones are strange, the ones we don't see have got to be really strange.
The folks that came up with those accounting practices.....They helped keep Bernie Madoff afloat fren.
That they did fren.
Of all the government websites I explore, treasury is the most confounding outside of the LR2000 at BLM. That is going to be replaced with something new sometime in the next few years. I am hoping against hope the new version is more user friendly than the current one.
I do hold some slight hope since the new USDA is marginally easier to deal with.
One of my friends from childhood trying to explain that Enron accounting was industry standard, I looked at him and said that standard is wrong. Have that same feeling now about the Fed. They are stealing.
Well, I posted the links I have, but not being a serious numbers person I don't know where to start digging in Federal Reserve, nor treasury. But the federal reserve link has a ton of data of all kinds.
They call it the "balance sheet". I highly doubt it is actually anything close to that. And I have high doubts their accounting practices meet any logical standard, never mind a good one. No proof, but I have felt for some time that the treasury website and the fed website are "off", so to speak. Something is not right.
https://www.federalreserve.gov/monetarypolicy/bst_fedsbalancesheet.htm
I don't think they have discovered them yet. or if they have they don't land in the regular reports, or they have been renamed into something that makes no sense. Most of the shit they do over there is impossible to fathom.
Now granted I am no accountant, by any means. But their shit is massively complex, at least to me. They, like every government website, define everything. So I suggest going through the definitions and noting where those lines can be found on the sheets.
Here, have a look, the link to where you can see the daily balance sheets.
https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/operating-cash-balance
That is why I stick to reading legislation, the Federal Register, USDA, and the LR2000 at BLM. (and that, by the way, is a real nightmare also for different reasons).
Yep, I know it is just the checkbook, but I figure if anyone can find anything useful on the treasury site it will be someone other than me lol. There is plenty of information there, but I am not enough of a numbers person to know what to look for--or where to start digging for what is not there.
Yeah, their checkbook is scary enough that I can't imagine how much worse it is.
Here is the Federal reserve's public shit if you want to see what is missing:
https://www.federalreserve.gov/monetarypolicy/bst_fedsbalancesheet.htm
It purports to be "the balance sheet". I am thinking not.