Buffett makes $10M a day from U.S. Government Corruption
For a total counterfeit gain of $57 Billion!
Jan 9, 2015
As Posted on www.usaponzi.com
Warren Buffett makes $10,153,320 a day simply because the U.S. Government is operating with a corrupt fiscal policy that does not balance the U.S. Government's budget and therefore undertaxes the U.S. citizens and businesses.
Jerry Jones, the owner of the Dallas Cowboys makes $481,200 a day for the same reason. That is why the Dallas Cowboys can appear to pay Tony Romo a long term contract valued at $106 Million.
Warren Buffett became as rich as he now appears to be because the U.S. Government is corrupt. The UPPER CLASS U.S. citizens and businesses became as rich as they now appear to be because the U.S. Government is corrupt. The U.S. UPPER CLASS is 7-10 times richer than they would be if the U.S. Government was using proper accounting and treating the U.S. middle and lower classes fairly. (see Buffett Investing Genius Magnified by USAPonzi)
The U.S. Government is corrupt because it is lying to the U.S. citizens by promising that it will pay social benefits that it cannot afford and then not funding these promises. The U.S. Government is corrupt because it is pretending to tax the U.S. citizens and businesses to pay for these social benefits and then spending the money it does collect on other things rather than putting it in a trust fund to pay these future promises. The U.S. Government is corrupt because it is cheating U.S. citizens by overspending its budget to overpay themselves and the direct and indirect U.S. Government employees.
The U.S. Government is lying by using corrupt and fraudulent accounting; using Cash Accounting rather than the proper GAAP (General Accepted Accounting Principles) Accounting. The U.S. Government is lying by telling the U.S. citizens that our deficit is a Cash Deficit of $0.5 Trillion in FY2015 when our “real” deficit is a GAAP Deficit of $6.5 Trillion. The U.S. Government is lying by telling the U.S. citizens that our debt is a Cash Debt of $18.0 Trillion when our “real” financial commitments are a GAAP Obligation (Debt plus Unfunded Liabilities) of $100 Trillion.
The U.S. Government has given Warren Buffett $57 Billion!
(90% of his net worth of $63.3 Billion is counterfeit money from undertaxing)
The U.S. UPPER CLASS appears to be $100 Trillion richer because they did not have to pay the taxes that would be required to balance the U.S. Government’s budget. That’s how Warren Buffett got so rich. The U.S. Government has given Warren Buffett $57 Billion which is Warren’s share of the $100 Trillion of counterfeit money that the U.S. Government created by undertaxing the UPPER CLASS. This $100 Trillion is counterfeit because the future U.S. taxpayer is expected to pay back this $100 Trillion, which by the way is increasing by $17.8 Billion every day, but there is no way it can be paid since the U.S. Government is already spending more each year, even on a cash basis, than the U.S. taxpayer is paying in taxes.
Warren Buffett knew about this U.S. Government corruption in 1975 but did not bother to expose it because he knew he could get really rich because of this corruption. Buffett sent a letter in 1975 to Katherine Graham, then CEO of the Washington Post Company, explaining the perils of making pension promises and then not having the conviction to fund these promises. This is precisely what the U.S. Government has done; made unaffordable social benefit promises and not funded these promises. Buffett published this letter to Katherine Graham in the Berkshire Hathaway shareholder letter dated February 28, 2014 to let people know that we were going to have some severe financial crises because governments were making promises that they could not keep (see Buffett on Pensions). Warren Buffett has known, for at least 40 years, that the U.S. Government was using corrupt and fraudulent accounting.
I suspect that most of the UPPER CLASS also realize that they are getting rich because of the corruption in the U.S. Government but they, like Buffett, choose to say nothing so they can appear to get very rich.
By promising to pay more social benefits than the U.S. taxpayer can afford, by not funding these social benefit promises, by undertaxing the U.S. UPPER CLASS, and by using corrupt and fraudulent accounting; the U.S. Government is running
“The Biggest Ponzi Scheme on the Planet”.
It is hard for me to imagine the guilt that Bernie Madoff must have felt to have run his Ponzi scheme for 15 to 20 years and to be knowingly cheating his investors so that he could live an opulent lifestyle. The UPPER CLASS must be feeling somewhat the same way because they are living an opulent lifestyle at the expense of the poor and underprivileged but they can take comfort in the fact that it is not their fraud that is creating their prosperity. The U.S. Government is running USAPonzi so the UPPER CLASS just has to stay quiet, let the U.S. Government do the dirty deed, and let the U.S. Government take the blame. But the people in the U.S. Government do not have that luxury. The people in the U.S. Government must be feeling that guilt. They are running the Ponzi scheme, it is their responsibility, and they must take the blame. And USAPonzi is 2,000 times larger than Madoff Ponzi and it has been running for over 46 years.
The U.S. Government has created $100 Trillion of counterfeit money by undertaxing the U.S. citizens and businesses.
The U.S. Government is creating $17.8 Billion more counterfeit money every day; at the rate of our GAAP basis Deficit Spending ($6.5 Trillion in FY2015).
The U.S. Government has dramatically overpaid itself and its employees, creating $18.0 Trillion of Debt.
The U.S. Government has cheated the common man and the underprivileged by $87 Trillion by not funding the social benefits.
The U.S. Government is systematically taking from the poor and giving to the rich.
Jerry Jones hosts Chris Christie at Cowboy game
Just as a side note, some people may have noticed that Chris Christie, the Governor of New Jersey, was able to enjoy some of Jerry Jones’ wealth by being his guest at a Cowboy football game in Dallas January 4, 2015. Jerry Jones, like Warren Buffett, appears to be nearly 10 times as wealthy as he would be with honest accounting, because of the corruption of the U.S. Government. So it was not a big deal for Jerry to pay for a private jet and other amenities to host one of his government cronies for a weekend of entertainment. The U.S. Government reimbursed Jerry the next day since by my calculation the U.S. Government gives Jerry Jones $481,200 every day. By the way, Warren Buffett gets $10,153,320 from the U.S. Government every day. $17.8 Billion a day of GAAP basis Deficit Spending can keep a lot of folks in pocket change.
U.S. Government daily payments to Mr. Buffett and Mr. Jones were calculated as a pro rata, by net worth, allocation of the $6.5 Trillion GAAP Deficit. You can calculate your approximate daily benefit of USAPonzi by the following calculation:
Your daily benefit = (Your Net Worth/$111 Trillion) *($6.5 Trillion/365) = 0.0001604 * Your Net Worth
The Net Worth of all U.S. citizens and businesses was approximately $111 Trillion as of Jan 9, 2015 and $100 Trillion of that is counterfeit. Therefore your "real" Net Worth is about 10% of your perceived Net Worth based on a pro rata allocation of the public liabilities that created this counterfeit money.
Government officials frequently get the opportunity to enjoy the artificial wealth that the U.S. Government has created with its corrupt fiscal policy.
The U.S. Government has given Jerry Jones $2.7 Billion!
(90% of his net worth of $3 Billion is counterfeit money from undertaxing)
But at the end of the day, the fiscal policy of the U.S. Government has created a classic Ponzi scheme (USAPonzi) and because of that it will eventually implode. When it does implode, it will be evident that the social benefits cannot be paid because the U.S. Government has not funded them and the wealth of the U.S. UPPER CLASS will largely evaporate because consumer spending will evaporate when the social benefit recipients do not have money to spend.
We are headed toward a financial catastrophe of epic proportions.
The U.S. Citizenry must demand that the U.S. Government start using honest accounting!
The U.S. citizenry must demand that the U.S. Government adopt GAAP Accounting and commit to a balanced GAAP basis budget in order to establish an equitable and sustainable fiscal policy for the Government of the United States of America.