Clinton/Trump: Getting Rich(?) from U.S. Government Fraud!
March 1, 2016
As Posted on www.usaponzi.com
Hillary Clinton and Donald Trump have both appeared to have gotten super rich because of U.S. Government fraud! The leaders of our U.S. Government are operating the Government's finances with a corrupt and fraudulent fiscal policy and accounting system that is issuing counterfeit money to U.S. citizens and businesses with most of it going to the U.S. upper class of which both Hillary and Donald are members!
We live in an amazing time! The U.S. Government is "Cooking the Books" to create the appearance of wealth and prosperity for U.S. citizens and businesses and the U.S. Government is so polarized that they can only seem to agree on a couple of things:
1) to say and do whatever it takes to get elected and re-elected and
2) to continue "Cooking the Books"!
We now appear to have the choice of electing either Hillary Clinton or Donald Trump to be President of this corrupt and fraudulent U.S. Government.
The U.S. Government is running a Ponzi scheme fiscal policy (USAPonzi) that has produced $101.3 Trillion of counterfeit money and both Clinton and Trump have appeared to have gotten "rich and powerful" because of this fraud. Now we appear to have the opportunity to choose which of these two "super-rich by U.S. Government fraud" candidates we want to elect to be our next president!
The first thing we need to do is acknowledge the fact that our U.S. Government is corrupt and fraudulent and adopt an honest fiscal policy and accounting system to terminate this Ponzi scheme. This means adopting GAAP Accounting and balancing the GAAP basis budget. This will be very painful but will be required because the U.S. Government now has a GAAP basis Deficit of $5.82 Trillion in FY2016 and Unfunded Liabilities (GAAP) of $101.3 Trillion as of March 1, 2016. The U.S. Government is in "virtual debt" by $101.3 Trillion! Worse yet, the current fiscal policy is "cheating the common man and the rest of the planet" while making the "U.S. ruling class prosperous" and the "U.S. upper class super prosperous".
Both Hillary Clinton and Donald Trump have gotten "rich and powerful" because of this $101.3 Trillion U.S. Government fraud.
The common man has been promised unaffordable social benefits and the U.S. Government has chosen to not fund these promises so Hillary, Donald, and all of their upper class friends can appear to get richer and richer.
The U.S. Government has given the U.S. citizens and businesses $101.3 Trillion, mostly to the U.S. elite, which most of the rest of the planet does not get to enjoy. The U.S. Government does this simply by not collecting the taxes required to pay for the U.S. Government's spending and promising to spend. Operating with a dramatically unbalanced budget (GAAP Deficit of $5.82 Trillion in FY2016) is making the U.S. upper class appear to be very, very rich. Every dollar of deficit spending becomes a counterfeit dollar in the pocket of the person or business that did not have to pay the tax to cover that dollar of deficit spending.
Bill and Hillary Clinton have accumulated personal wealth of $120 Million and the Clinton Foundation has collected $2 Billion because of this U.S. Government fraud. Nearly 100% of the wealth accumulated by Bill and Hillary Clinton has come from bribes paid by the people, companies, and countries that appear to have gotten rich from this U.S. Government fraud (See Whistleblower Letter #12 to the SEC). I say that nearly 100% of their wealth is due to this U.S. Government fraud, because some of their wealth was appropriately derived from their many, many years of public service.
Bill and Hillary Clinton have collected $2.12 Billion because of fiscal and accounting fraud by the U.S. Government.
Donald Trump has gained enough personal wealth because of this U.S Government fraud so that he can appear to fund his own presidential campaign. He has net worth of between $4 and $10 Billion, depending on who you believe, but nominally 87% of whatever wealth he has was produced by the fiscal and accounting fraud (USAPonzi) of the U.S. Government. All upper class U.S. citizens and businesses are appearing to get rich from USAPonzi (See Buffett makes $9M a day from U.S. Government Fraud).
This week Forbes estimated Donald Trump's net worth at $4.5 Billion but by my estimate (See The Bank Bubble) 86.8% of that is counterfeit money due to USAPonzi. Therefore Donald Trump has gained $3.91 Billion ($4.5Bx0.868=$3.906B) because of fiscal and accounting fraud by the U.S. Government.
Based on this information, who should we elect? Hillary who has picked up $2.12B from USAPonzi or Donald who has picked up $3.91B from USAPonzi.
$2.12 Billion here, $3.91 Billion there, pretty soon you are talking about real money, but in this case it is counterfeit money. In total, USAPonzi has created $101.3 Trillion of counterfeit money.
This U.S. Government fraud (USAPonzi) is very simply explained; the U.S. Government has "borrowed" $101.3 Trillion from the future U.S. taxpayers to overpay the government workers, overpay the social benefit recipients, and undertax the U.S. upper class, by $101.3 Trillion, to make them appear to be very, very rich.
Another way to say it is, USAPonzi has simply "borrowed" $101.3 Trillion from the future U.S. taxpayers to give to the current U.S. upper class. The U.S. Government also pays "hush money" to the social benefit recipients and U.S. Government workers, by overpaying them relative to what the U.S. taxpayers can afford, so that they will not complain too loudly about this fraud and corruption.
Another way to say it is, USAPonzi is creating massive counterfeit private wealth ($101.3 Trillion) by assuming massive public liabilities. USAPonzi is rigged to dramatically favor Americans and within the U.S. it is rigged to favor the U.S. ruling class and to dramatically favor the U.S. upper class.
But any way you say it, this U.S. Government fiscal and accounting fraud has given the U.S. upper class $101.3 Trillion of counterfeit money, money that has been generated by massive and exponentially increasing GAAP basis deficit spending.
This U.S. Government fiscal and accounting fraud is the primary reason that the "Wealth Gap" is so pronounced! Giving the U.S. upper class $101.3 Trillion is surely going to widen the "Wealth Gap" and every day the U.S. Government is giving the U.S. upper class another $16 Billion (GAAP Deficit of $5.82T/365=$16.0B).
$101.3 Trillion is a lot of counterfeit money no matter how you count it! (See How much money is 2.5 Trillion Dollars?)
No wonder the 1%ers are so happy that the U.S. Government is running this Ponzi scheme.
This is a massive Fraud! This is Corruption! This is lying! This is Cheating!
This fraud is explained in much more detail on my website (www.usaponzi.com) and in my book ("USAPonzi" available on Amazon). You can also read my book in PDF format directly from www.usaponzi.com. I would strongly recommend reading Chapter 6 of this book "The Consequences of USAPonzi" to understand the impact that this U.S. Government fraud is having on the U.S. and global economy.
We now may only have a choice of which of these two "super-rich by U.S. Government fraud" scoundrels, Hillary Clinton or Donald Trump, we elect to be President of this corrupt and fraudulent U.S. Government?
When the U.S. Government finally admits to this fraud and corruption, the U.S. Government will have to declare bankruptcy and both Hillary and Donald will likely be bankrupt as well whether they are elected President or not. When USAPonzi implodes, we will not need Donald's higher and higher Mexico border wall because economic conditions will instantly become essentially the same on both sides of the border.
Drug trafficking will also drop precipitously when USAPonzi implodes because $100+ Trillion of counterfeit money will evaporate overnight. When USAPonzi implodes, we will not have the counterfeit money to pay for the expensive drugs that are making drug trafficking profitable today. We are currently buying drugs, houses, cars, airplanes, boats, gold, oil, gas, clothes, food, and just about everything we own, use, and consume with the counterfeit money produced by USAPonzi. $101.3 Trillion of counterfeit money can buy a lot of stuff!
Money owed by the future U.S. taxpayers is counterfeit money and the future U.S. taxpayers now owe $101.3 Trillion; our Unfunded Liabilities (GAAP) as reported on www.usdebtclock.org.
The financial data presented in this commentary was sourced from www.usdebtclock.org as of March 1, 2016.