Chip Shortage Insanity by US Gov Fraud 211228
December 28, 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 12/28/21
It is insane to think that the entire planet is puzzled by why we have a Chip Shortage!
We have a Chip Shortage because the U.S. Government is corrupt!
We are buying an infinite amount of chips with an infinite amount of counterfeit money because of this corruption within the U.S. Government!
The corrupt U.S. Government has created a Chip Shortage by committing a fiscal and accounting fraud! The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!
Because of this fraud, the corrupt U.S. Government has fraudulently borrowed $161.9 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class so Planet Earth can buy a whole-hell-of-a-lot of cars, houses, computers, video games, semiconductor chips, etc. etc. etc.!
We have a Chip Shortage because the corrupt U.S. Government is printing an infinite supply of counterfeit money!
The Chip Shortage is only going to get more acute as long as the corrupt U.S. Government keeps fraudulently borrowing more counterfeit money from the future Americans!
The Year Chip Shortages Changed the World
By Debby Wu
December 28, 2021
In 2021, users of everything from iPhones and PlayStations to cars and ultrasound machines were jolted awake to a new reality: All these things need silicon chips, and there aren’t enough of them.
Chip booms and busts are nothing new, but the unprecedented severity of this year’s crunch lent the issue added geopolitical weight. The shortage showcased how globalized and interconnected the industry has become. At the same time, it galvanized countries to build up their domestic manufacturing in order to ensure some measure of self-reliance — an effort that’s just getting going.
The chip shortage came into view at the beginning of the year, when carmakers began to complain that they didn’t have the silicon to satisfy an unexpectedly quick recovery in demand. The fretting was justified: while poor planning was partly to blame, shortages cost auto companies an estimated $200 billion in sales this year.
Other industries were just as desperate. Ultrasound machine provider Fujifilm SonoSite Inc. paid $65 for a chip that usually costs $1.49.
Even Apple Inc., the largest corporate buyer of chips with superior supply chain management practices, couldn’t escape unscathed. The Cupertino, California giant said it lost $6 billion in revenue in the last quarter due to supply constraints — which will cost the company more than $6 billion again in the current quarter.
Why can’t suppliers just make more? This year’s predicament showed that silicon manufacturing is a time-consuming and expensive venture. Building a chip fabrication plant takes at least two to three years and can easily cost $10 billion or more. For instance, Taiwan Semiconductor Manufacturing Co. is spending a record $100 billion over a three-year period to grow capacity. The company could spend $29 billion on its 2nm fabrication, the mayor of the central Taiwanese city of Taichung reportedly said this week.
TSMC is also currently building a fab in Arizona with a price tag of $12 billion, but the plant will only begin mass production in 2024.
The entire Planet is foolishly chasing this phantom demand for semiconductor chips by spending billions building manufacturing facilities that we do not need and cannot afford!
This accounting fraud is what is causing Global Warming; we are building an infinite number of factories and other environment polluting physical objects because the corrupt U.S. Government is printing an infinite amount of counterfeit money!
I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books” (See USAPonzi-The Great American Fraud)!
The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $161.9 Trillion from the future Americans and given it to the U.S. upper class by undertaxing them so the current Americans can buy a whole-hell-of-a-lot of stuff with monopoly money!
The corrupt U.S. Government is 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!
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 buy a whole-hell-of-a-lot-more stuff with a Quadrillion dollars of imaginary-counterfeit money!
The corrupt and criminal U.S. Government is fraudulently printing an infinite amount of imaginary-counterfeit money so Americans can buy more stuff than Planet Earth can produce and deliver!
This is also what is causing Global Warming, Climate Change, and the Supply Chain Disaster! The corrupt U.S. Government is printing an infinite supply of imaginary-counterfeit money by fraudulently borrowing it from the future Americans so the current Americans can fraudulently buy an infinite amount of stuff without having to pay for any of it!
This is why OPEC can sell so much oil! This is why Apple can sell so many iPhones! This is why Microsoft can sell so much software! This is why Amazon can sell so much stuff! This is why Elon Musk can sell so many Teslas! This is why Netflix can sell so many movies! This is why Google and Facebook can sell so many ads Etc. Etc. Etc.!
The corrupt U.S. Government is fraudulently borrowing counterfeit money from the future Americans and giving it to the U.S. upper class so the entire planet can buy stuff with monopoly money!
The corrupt U.S. Government is “cooking the books” by promising future benefits to the U.S. general public and not taxing the U.S. upper class to pay for these future benefits!
My commentary PEMMA-Planet Earth Man-Made Apocalypse 211101 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of this corruption within the U.S. Government!
The fools on Wall Street have been fooled by the criminals in Washington! In the defense of Wall Street, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!
|US National Debt
|Cash Deficit in FY2022
|GAAP Deficit in FY2022
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org December 28, 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.
John W. White