Boeing Stupidity! The Airplane Bubble
September 7, 2017 Emailed to WSJ/NYT/DMN 9/7/17
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains that when you combine U.S. Government fraud with incompetent management you get "Boeing Stupidity"!
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".
Boeing Stupidity! The Airplane Bubble
September 7, 2017
This commentary explains what can happen when you have incompetent management in both Washington, DC and Boeing!
The planet is building dramatically more aircraft than our economy can support because the U.S. Government is committing fiscal and accounting fraud!
This fraud is a classic Ponzi scheme that is being operated by the U.S. Government, therefore I have named this fraud USAPonzi.
Boeing just announced a ridiculous 20-year forecast of demand for aircraft in China!
Boeing boosts China 20-year demand outlook to 7,240 new aircraft
Boeing has forecast China will require 7,240 new aircraft through 2036, valued at approximately $1.1 trillion, according to the US manufacturer’s annual China Current Market Outlook released Sept 6. Boeing’s new estimate is 6.3% higher than last year’s projection.
This is the kind of outrageous forecasts a company can make when they project that a Ponzi scheme like USAPonzi will continue for another 20-years. This is especially true when you have a management team that can be "fooled by U.S. Government fraud"!
China's economy appears to be growing because the U.S. Government is corrupt! The U.S. Government is using fraudulent accounting that is printing imaginary-counterfeit money at the rate of our GAAP basis deficit spending. $107.4 Trillion as of September 7, 2017. This means that Americans can buy a lot of stuff from China with this $107.4 Trillion of fake money producing tremendous fake demand and a fake economy in China! The U.S. Government prints this fake money by borrowing it from the future Americans!
USAPonzi is producing what will be an infinite amount of imaginary-counterfeit money so Boeing, in theory, could sell an infinite number of aircraft to China. Hopefully someone will step forward and expose this U.S. Government fraud before that happens! That would be a lot of airplanes!
We are filling up America with junk that Americans are buying with this fake money and now Boeing is expecting to fill up China with aircraft because of this U.S. Government fiscal and accounting fraud!
The planet is already filled with thousands of airplanes that are going to go into airplane graveyards because of this fiscal and accounting fraud and now Boeing is planning on building airplane graveyards in China.
Boeing management needs to get their head out of the sand and take another look at their 20-year forecast!
This is Boeing Stupidity!
The use of fraudulent accounting by the U.S. Government is the cause of this Boeing Stupidity!
The entire planet is buying and building stuff with $107.4 Trillion of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
Someone has got to stop this fraud!
The U.S. Government has got to start telling the financial truth!
The "News Media" has got to start reporting the financial truth!
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Sep 7, 2017
This U.S. Government fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This is the biggest ($107.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White