Automobile Bubble by borrowing $148.2T 210601
June 1, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 6/1/21
The corrupt U.S. Government is causing an Automobile Bubble!
The corrupt U.S. Government has been filling up Planet Earth with automobiles for the last 52 years!
Americans are buying automobiles with monopoly money!
America is in an Automobile Bubble because the corrupt U.S. Government has fraudulently borrowed $148.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans so the current Americans can buy a lot automobiles!
The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of money from the future Americans so the current Americans can buy an infinite number of automobiles!
The financial media likes to proclaim that the automobile market is really hot right now! The automobile market is really hot right now because the corrupt U.S. Government is printing an infinite amount of counterfeit money!
Planet Earth is in for a rude awakening! Planet Earth is building too many automobiles (See A Billion Stolen Cars 201026)!
Because the U.S. Government is not using proper GAAP Accounting, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing an infinite amount of money from the future Americans, I call it imaginary-counterfeit money, and giving it to the current Americans, primarily the U.S. upper class, so the current Americans can buy an infinite number of automobiles!
The following chart gives a graphical projection of how the corrupt U.S. Government could fraudulently borrow as much as a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans over the next three decades and give it to the U.S. upper class so Americans can buy a whole hell-of-a-lot of automobiles!
Why can’t the financial experts see where we are getting all of the money to keep buying more and more automobiles?
We are simply robbing the piggy-banks of the future Americans!
|US National Debt
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org June 1, 2021
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.
John W. White