Dear President Donald Trump.
Applying the three levels of knowledge to the Stock Exchanges of the USA and the Western
World.
1. What we know we know. I call this baseline knowledge.
2. What we know we don’t know. I call this life’s knowledge which makes the unknown,
known.
3. What we don’t know we don’t know. I call this seniors knowledge which discloses the
unknown.
Historically the Stock Exchanges were a True Barometer of the Market Value of shares
based on the Shareholders’ Equity and return on this investment. My Dad was a Member of
the London Stock Exchange and a Stockbroker in his working life. He was a numbers person.
The funding that was invested in manufacturing has found its way into Stock Markets and
together with unbridled credit is sloshing around the Stock Market with grossly overvalued
Share Prices unrelated to their Net Asset backing and return on this investment.
Nobody has the baseline knowledge to trade these markets on a true and fair basis. Existing
trading is pure speculation based on the volume of money and credit in these markets.
New International Accounting and Reporting Standards are required for Financial Statement
and Reports to show
1. up to 10 years comparative figures subject to a separate Audit Report as to their truth and
fairness. This is essential to disclose the trend line for the line item figures and totals in
the Financial Statements.
2. at least every 3 years Independent Expert Valuation of the Financial Assets and Liabilities
and movement in the Revaluation Reserve Account. This is a must, to disclose a current
market value of the shareholders’ equity in the company.
3. Valuation of trading assets based on their current open market value with the variation
from book cost taken to the Revaluation Reserve Account in the Statement of Assets and
Liabilities.
4. Disclosure of the depreciation of fixed assets based on the Expert Valuations in (2)
5. Disclosure of the secured creditors’ net asset backing of their loans or credit based on (2).
6. Disclosure of the unsecured creditors’ net asset backing of their loans or credit based on
(2).
7. Disclosure of the $ exposure to derivatives and the term of this exposure.
8. Disclosure of the cost of derivatives in the financial year in which they are paid.
LIBERTY TAX will greatly simplify the disclosure of the True and Fair Value of SHARES
TRADED. Equity Funds etc. will be forced to pay a ‘True and Fair Value’ for businesses they
wish to takeover.
At the age of 28 I became the Company Secretary and Financial Executive of a Public Group
of Companies listed on the Australian Stock Exchange. There was little trading in the shares
at $1.50. An Independent Expert Valuation was made of the Financial Assets and Liabilities
and recorded in the books and Financial Statements. 10year, comparative figures were
added in the Annual Report, and these were subject to a separate audit report. The share
price increased to $1.70 on little trading. After PM Gough Whitlam opened the Australian
Market to ‘Made in China,’ the Board decided to sell the business to an overseas company
that paid $2.50 per share. The shareholders received fair value for their investment.
Communist China is buying out America and I can guarantee at PRICES that are not ‘True
and Fair Value.’
Do you know the ‘True and Fair value’ of your businesses? Without this knowledge how can
you make realistic decisions about the future of your businesses and the future of your family.
With LIBERTY TAX you can END this buyout by Communist China and secure the ownership
of America in American hands. Only LIBERTY TAX can have ‘Made in America’ replace
‘Made in China and BRICS’ to MAGA.
Without LIBERTY TAX you are flying blind into a savage storm and inevitable disaster for
Americans and America.
With Elon Musk or one of your Sons we can PLAN the research and implementation of
LIBERTY TAX to MAGA.
Derek Smith CA
Your willing to help, Aussie Mate.
2percent-liberty-tax.com
On the President’s email site.
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