American Airlines Expansion Disaster 180919
September 19, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 9/19/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why the current American Airlines expansion plan will prove to be a financial disaster that will bankrupt the company!
The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “dramatically feather the nests of their upper-class friends”.
The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud! The U.S. Government should be operating its fiscal policy with accrual accounting!
American Airlines Expansion Disaster 180919
September 19, 2018
American Airlines is involved in an expansion plan that will prove to be a massive financial disaster that will bankrupt the company! American Airlines is building a second headquarters site (HQ2) to support this expansion plan! American Airlines is engaged in this expansion plan because the U.S. Government is committing fiscal and accounting fraud that appears to make this expansion plan viable!
The corrupt and criminal U.S. Government is printing an infinite amount of counterfeit money so American Airlines can buy an infinite number of airplanes!
American Airlines is expanding because the economy is booming!
The economy is booming because the U.S. Government is corrupt (See White House Fake News)!
The U.S. Government is corrupt because it is using fraudulent accounting!
Because the U.S. Government is using fraudulent accounting, it is printing counterfeit money, $114.8 Trillion as of September 19, 2018, so a lot of people can fly on airplanes with this counterfeit money!
American Airlines will go bankrupt when this U.S. Government accounting fraud is exposed!
American Airlines' message on HQ2: What’s good for us in North Texas would be good for Amazon!
Dallas Morning News Business page headline Sept 18, 2018
American Airlines will not go bankrupt alone; all of its competitors will also go bankrupt when this U.S. Government accounting fraud is exposed!
Amazon, as we currently know it, will also go bankrupt when this U.S. Government accounting fraud is exposed (See Amazon is an Imaginary Company)!
This U.S. Government fiscal and accounting fraud has created bubbles in all asset class including The Airplane Bubble (See Boeing Stupidity)! This accounting fraud has caused us to build way too many airplanes! This accounting fraud has caused us to buy, build, use, and consume way too much of everything!
The global economy and the global financial system are in for an epic shock that will rival “The Great Depression” when this U.S. Government fiscal and accounting fraud is properly exposed!
The U.S. Government is committing fiscal and accounting fraud that is printing an infinite supply of imaginary-counterfeit money so that a lot, and an ever-increasing lot, of people can appear to buy airplane tickets (See Printing Infinite Counterfeit Money)!
Americans, and people all over the planet, can afford to buy airline tickets with the imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans!
The corrupt and criminal U.S. Government is causing us to buy, build, use, and consume things that we cannot afford by not using proper and Generally Accepted Accounting Principles (GAAP Accounting)!
When “the jig is up” and this U.S. Government accounting fraud is exposed, American Airlines will have a lot of airplanes that it won't need, a lot of pilots that it won't need, a lot of stewardesses that it won't need, and a fancy new headquarters complex that will become a virtual ghost town!
American Airlines management has been fooled by a corrupt and criminal U.S. Government that is Printing Infinite Counterfeit Money so people can fly on airplanes without paying for it!
American Airlines management has made a colossal financial mistake that will bankrupt the company!
A robust and expanding global airline business has been fraudulently created by corruption within the U.S. Government!
The U.S. Government uses a very simple technique to effect this fraud; print counterfeit money and give it to the rich!
So far, the corrupt and criminal U.S. Government has printed $114.8 Trillion of imaginary-counterfeit money and is printing $16.6 Billion more imaginary-counterfeit money every day so that we can have plenty of money to buy airplane tickets! The corrupt and criminal U.S. Government gets this money by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class with GAAP basis deficit spending!
The U.S. Government is corrupt!
The senior officials of the U.S. Government are common criminals that have committed a $114.8 Trillion criminal act by not operating the U.S. Government fiscal policy with proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud! The corrupt and criminal U.S. Government is overpaying itself with imaginary-counterfeit money!
We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
I have sent 14 whistleblower letters to the U.S. Securities and Exchange Commission, a whistleblower letter to every member of the U.S. Congress, and 9 whistleblower letters to each member of the U.S. Supreme Court so that all three branches of the U.S. Government would be informed of this massive fraud!
I have also sent over 200 Op-Eds to the “mainstream media” in an attempt to expose this massive fraud to the citizens of Planet Earth! None of these Op-Ed candidates have been published!
This massive fraud is explained in more detail in my Open Letter to US Government, my Open Letter to Planet Earth, and my Open Letter to US General Public!
I have presented specific fraud charges against the U.S. Government in my Fraud Charges against U.S. Government commentary!
I have also explained this fraud to the International Monetary Fund in my Open Letter to the International Monetary Fund commentary!
To eliminate this massive ($114.8 Trillion) fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Sep 19, 2018
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi” 11/22/15, “USAPonzi2” 5/1/17, “USAPonzi3” 2/1/18, and “USAPonziA” 9/1/18! Each of these books have updates that I made every few days until the next book was published. I have published 655 commentaries since March 29, 2013 in an attempt to explain and expose this massive U.S. Government fraud!
This is the biggest ($114.8 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White