The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"  USAPonzi    Copyright Declaration     by John W. White   Mar 29, 2013

Boeing Stupidity II-The Airplane Bubble 210311
March 11, 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 3/14/21


The corrupt U.S. Government has caused The Airplane Bubble by “cooking the books”! The corrupt U.S. Government is filling up Planet Earth with airplanes that have been purchased with monopoly money!


The following chart by Statista shows their estimate of how many airplanes (jetliners) we had in 2019 and how many we will have by 2039.


https://www.statista.com/statistics/262971/aircraft-fleets-by-region-worldwide/

Size of aircraft fleets by region worldwide: projection 2019-2039
Published by E. Mazareanu, Oct 21, 2020
The world's aircraft fleet is expected to increase from 25,900 to 48,400 aircraft between 2019 and 2039. While the more established markets of Europe and North America are predicted to increase by around 73 and 40 percent respectively, the Asia Pacific fleet is expected to increase by about 134 percent to 18,770 aircraft in 2039.


These projections will hopefully not be realized because they are based on the assumption that the corrupt U.S. Government will continue “cooking the books” for 18 more years! I certainly hope that will not happen!


Boeing
(and Airbus) are
 making some really stupid financial decisions because the corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is “cooking the books” by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting
The U.S. Government is promising and paying U.S. Government benefits but is not accruing the money to pay future benefits!


Boeing
is selling a lot of airplanes because the corrupt U.S. Government is fraudulently borrowing a lot of money ($159.7 Trillion as of Mar 11, 2021) from the future Americans (US Unfunded Liabilities (GAAP)) and giving it to the U.S. upper class! Apparently, neither Boeing nor the U.S. Government are even aware that this is an accounting fraud!


Boeing
management is asleep at the switch and t
he U.S. Government is corrupt! This is not a good combination!


This commentary (Boeing Stupidity II) is a reprise of my September 7, 2017 commentary Boeing Stupidity that explained how corruption and incompetence in both Washington and Boeing have created The Airplane Bubble!


We are in the process of building an infinite number of airplanes by borrowing an infinite amount of money from the future Americans!


Washington is corrupt and incompetent for committing a fiscal and accounting fraud that is printing an infinite amount of imaginary-counterfeit money so Boeing can sell an an infinite number of airplanes! Boeing management is either incompetent for not recognizing this fiscal and accounting fraud or corrupt for not exposing this fiscal and accounting fraud!


Washington is making some really stupid financial decisions because Washington is “cooking the books”!


Boeing is making some really stupid financial decisions because Washington is “cooking the books”!


Boeing is building airplanes we do not need and cannot afford with money we do not have because Washington is “cooking the books”! We have already built at least 5 times as many jetliners as we need! The above Statista chart indicates that we currently (2021) have 27-28,000 jetliners on a worldwide basis!


We have already borrowed $159.7 Trillion from the future Americans to build the airplanes we already have and do not need and we are going to borrow $10-15 Trillion (GAAP deficit in FY2021) more this year from the future Americans so Boeing can keep on building more airplanes that we do not need!


And the corrupt U.S. Government is subsidizing the Airline Industry with lucrative stimulus money so we can keep on building and flying more airplanes than we can pay for with real money!


I hate to be unkind, but this is really really stupid!


I wrote Boeing Stupidity three and a half years ago explaining this fiscal and accounting fraud and neither party (Washington nor Boeing) has recognized this accounting fraud or has been willing to expose it! We have just kept on building more and more useless airplanes!


I predict that we have at least 20,000 airplanes (jetliners) that will need to go into permanent airplane graveyards when this accounting fraud is exposed!


I predict that we have about a billion cars that will need to go into permanent automobile graveyards when this accounting fraud is exposed (See A Billion Stolen Cars)!


P.S. These are examples of how the corrupt U.S. Government is causing Global Warming! The U.S. Government is in the process of borrowing an infinite amount of money from the future Americans so we can build an infinite number of environment-polluting physical objects!


The entire planet is flying around on airplanes with tickets that have been purchased with imaginary-counterfeit money, so far $159.7 Trillion, that the corrupt U.S. Government is fraudulently borrowing from the future Americans!


The corrupt U.S. Government has fraudulently borrowed $159.7 Trillion from the future Americans and given it to the U.S. upper class so Boeing can sell a whole-hell-of-a-lot-of airplanes!


The corrupt U.S. Government is filling up Planet Earth with useless airplanes that have been purchased with $159.7 Trillion of imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The corrupt U.S. Government started printing counterfeit money, I call it imaginary-counterfeit money, in FY1969 when Lyndon Baines Johnson proposed, and the U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting! This created a classic Ponzi scheme, I call it USAPonzi, that has been borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class for the last 52 years.


The following notional chart shows graphically how the corrupt U.S. Government has been fraudulently borrowing imaginary-counterfeit
 money from the future Americans so the entire planet can buy stuff (including airplanes and cars) and charge these purchases to the future Americans!


This chart estimates that by 2039 the U.S. upper class will have $926 Trillion of imaginary-counterfeit money so Planet Earth can buy a whole-hell-of-a-lot-more airplanes and send the bill to the future Americans!


This is exactly why the above Statista chart indicates that we will have a lot more airplanes in 2039 than we have now! By then the corrupt U.S. Government will have borrowed a lot more money ($926 Trillion) from the future Americans and given it to the U.S. upper class by undertaxing them!


This accounting fraud has been very very good to Boeing and the U.S. upper class by printing an infinite amount of imaginary-counterfeit money so we can enrich the U.S. upper class and build an infinite number of airplanes!


The following chart shows how Boeing's stock price has gone up as the corrupt U.S. Government prints more and more imaginary-counterfeit money!



The corrupt U.S. Government is printing so much imaginary-counterfeit money that it has caused Global Warming and it has caused us to build a whole lot more airplanes than we need and can pay for.


We are filling up Planet Earth with airplanes that have been purchased with monopoly money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!


Americans have been buying stuff with monopoly money for the last 52 years!


The following commentaries explain this fiscal and accounting fraud that I call USAPonzi and the impact it is having on Planet Earth!


USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
Destroying Planet Earth


National Debt  $28.0 Trillion 
Cash Deficit in FY2021  $3.23 Trillion 
GAAP Deficit in FY2021  $11.39 Trillion 
US Unfunded Future Liabilities  $131.7 Trillion 
US Unfunded Liabilities (GAAP)  $159.7 Trillion 
Imaginary-Counterfeit Money  $159.7 Trillion 
Total National Assets  $158.5 Trillion 

Source: www.usdebtclock.org March 11, 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
Plano, TX