Cargo Ship Traffic Jams Caused by US Fraud 210914
September 14, 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 9/14/21
In this commentary, I will explain why we having cargo ships queuing up outside our ports waiting to be unloaded! In theory, we will one day have an infinite number of cargo ships sitting on the water just outside our Southern California ports waiting to be unloaded!
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is “cooking the books” to print an infinite amount of counterfeit money so Americans can fraudulently buy an infinite amount of stuff, without paying for any of it, which is causing cargo ship traffic jams in our major ports!
The corrupt U.S. Government is “cooking the books” by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!
GAAP Basis Deficit Spending by the corrupt U.S. Government prints counterfeit money and the corrupt U.S. Government has already printed $156.4 Trillion of counterfeit money so we can buy so much stuff we do not have the capacity to promptly unload all of this fraudulently purchased stuff!
$156.4 Trillion of counterfeit money can buy enough stuff to fill up a whole-hell-of-a-lot of cargo ships!
A record-breaking 44 container ships are stuck off the coast of California
Hannah Towey , Grace Kay , and Áine Cain
Aug 30, 2021
Forty-four container ships are stuck outside California ports, worsening shipping delays and costs.
This tops the previous pandemic record, set in February, of 40 ships.
The ports account for about one-third of US imports, serving as a main source of trade with China.
Forty-four freight ships are stuck awaiting entry into California's two largest ports, the highest number recorded since the beginning of the COVID-19 pandemic, the Marine Exchange of Southern California reported on Saturday.
The queue is a result of the labor shortage, COVID-19-related disruptions, and holiday-buying surges. Port of Los Angeles data indicated that the ships' average wait time had increased to 7.6 days.
"The normal number of container ships at anchor is between zero and one," Kip Louttit, the executive director of the Marine Exchange of Southern California, told Insider in July.
California ports in Los Angeles and Long Beach account for about one-third of US imports. These ports operate as a primary source of imports from China and have experienced heavy congestion throughout the pandemic.
The corrupt U.S. Government is “cooking the books” by not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit 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 by undertaxing them!
This Ponzi scheme/accounting fraud started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the fraudulent Unified Budget!
The following chart gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so Americans can fraudulently buy so much stuff with imaginary-counterfeit money that we are causing cargo ship traffic jams at our major ports!
WAKE UP PLANET EARTH!
These cargo ship traffic jams are all caused by the corrupt U.S. Government “cooking the books” so the current Americans can fraudulently buy an infinite amount of stuff and charge it all to the future Americans! The current Americans are buying stuff with imaginary-counterfeit money (monopoly money) that the corrupt U.S. Government is pretending to borrow from the future Americans and give to the U.S. upper class by undertaxing them!
This imaginary-counterfeit money is masquerading as real money when it does not exist (imaginary) and has no value (counterfeit)!
Americans, primarily the U.S. upper class, have not paid for hardly anything with real money since FY1969 when USAPonzi was launched! But we have put $156.4 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) on the credit card of the future Americans!
When USAPonzi implodes, this imaginary-counterfeit money will evaporate, nobody will have any money, and we will fall into The Greatest Depression!
|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 September 14, 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 be downloaded from my websites in pdf format.
My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!
John W. White