Chip Shortage Lunacy by Fraud 210310
March 10, 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 3/10/21
We seem to be running out of semiconductor chips!
We are running out of semiconductor chips because the U.S. Government is corrupt!
The corrupt U.S. Government has fraudulently borrowed $159.7 Trillion from the future Americans so we can fraudulently buy a whole-hell-of-a-lot of cars that need a whole-hell-of-a-lot of semiconductor chips!
The Washington Post
Biden can’t fix the chip shortage any time soon. Here’s why.
Soaring demand for the electronic devices has halted auto production in three states.
President Biden holds a semiconductor chip before signing an executive order on Wednesday aimed at preventing future shortages of chips and other materials. (Jonathan Ernst/Reuters)
By Jeanne Whalen, Reed Albergotti and David J. Lynch
March 1, 2021 at 12:28 p.m. CST
Semiconductor executive Tom Caulfield knew a crisis was brewing when he started getting frantic calls from big automakers just before Christmas.
“Tom, you’re killing me. You need to make more,” Caulfield, the chief executive of chipmaker GlobalFoundries, recalls the auto executives saying. “Ford, Volkswagen, BMW, Daimler-Benz, Fiat Chrysler, GM — every one of them became my new best friends.”
The automotive industry is in a panic because they cannot meet the car demand because they cannot get enough semiconductor chips!
People are now saying that this is a high-class problem!
However, the reason we are running out of chips is because the corrupt U.S. Government is printing an infinite amount of counterfeit money so we can buy an infinite number of phones, computers, TVs, cars, airplanes, houses, etc etc!
The corrupt U.S. Government has fraudulently borrowed $159.7 Trillion (US Unfunded Liabilities (GAAP)) of counterfeit money from the future Americans and given it to the U.S. upper class!
This is not a high-class problem! This is lunacy! This is stupidity! This is corruption! This is a $159.7 Trillion crime!
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 how the corrupt U.S. Government has been fraudulently borrowing imaginary-counterfeit money from the future Americans so the entire planet can buy stuff and charge it to the future Americans!
This chart estimates that the U.S. upper class will have $385 Trillion of imaginary-counterfeit money by 2030 so everybody on Planet Earth can buy a whole-hell-of-a-lot-more phones, computers, TVs, cars, airplanes, houses, etc etc and send the bill to the future Americans!
I contend that we have overbuilt the global car supply by a billion cars because of this U.S. Government fiscal and accounting fraud!
The corrupt U.S. Government is printing so much imaginary-counterfeit money that it has caused Global Warming and it has caused us to run out of semiconductor chips to build all of the cars that we appear to need!
We are filling up Planet Earth with cars that have been purchased with monopoly money!
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
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org March 10, 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