USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Consumer Spending Strong-Inflation High 211112
November 12, 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 11/12/21


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 financial experts and economists are mystified as to what is causing strong consumer demand and high inflation! Both of these trends are happening because the U.S. Government is corrupt! The corrupt U.S. Government is printing counterfeit money at an exponentially increasing rate and giving it to the U.S. upper class!


Reuters Macro Matters

U.S. consumer spending strong; robust wage gains hint at long spell of high inflation
October 29, 2021
By Lucia Mutikani


Summary
--Consumer spending increases 0.6% in September
--Personal income drops 1.0%; wages jump 0.8%
--Core PCE price index gains 0.2%; up 3.6% year-on-year
--Compensation surges in third-third quarter


WASHINGTON, Oct 29 (Reuters) - U.S. consumer spending increased solidly in September, but was partly flattered by higher prices, with inflation remaining hot as shortages of motor vehicles and other goods persisted amid global supply constraints.


Inflation pressures are broadening out, with other data on Friday showing employers boosted wages by the most on record in the third quarter as they competed for scarce workers. The industry-wide surge could undercut Federal Reserve Chair Jerome Powell's long-held view that high inflation is transitory.


The strength in consumer spending at the end of last quarter, together with falling COVID-19 infections and recovering consumer confidence bode well for a pickup in economic activity in the final three months of the year, though shortages and more expensive goods pose risks. The economy grew at its slowest pace in more than a year in the third quarter.


"The economy has a supply problem not a demand problem," said Christopher Rupkey, chief economist at FWDBONDS in New York. "The economy has money to burn and that is why inflation will be hard to extinguish."


Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.6% last month after rebounding 1.0% in August, the Commerce Department said. Economists polled by Reuters had forecast consumer spending increasing 0.5%.


The financial experts tend to attribute this strong consumer demand and the increasing inflation to the "re-open trade"! This is not the reason! The reason for strong consumer demand and high inflation is because corrupt U.S. Government is printing an infinite supply of counterfeit money and giving it to the U.S. upper class!


I contend that inflation is not transitory as Fed Chair Powell postulates but rather is systemic and will escalate as long as the corrupt U.S. Government continues to print counterfeit money at an exponentially rate!


The criminals in Washington are operating the U.S. Government fiscal policy with a fraudulent accounting system, cash accounting vs proper accrual accounting, that is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class so the current Americans can buy stuff and charge it to the future Americans!


The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing an infinite amount of money from the future Americans, I call it imaginary-counterfeit money, money the future Americans do not have, and giving it to the U.S. upper class so the current Americans can buy an infinite amount of stuff which causes the price of the stuff to continue to go up!


This corrupt U.S. Government accounting fraud is producing infinite retail demand and unending and ever increasing inflation!


The U.S. upper class can deal with this inflation because the corrupt U.S. Government is giving this infinite supply of counterfeit money to the U.S. upper class by undertaxing them!


The U.S. general public cannot deal with this inflation because their wages are not keeping pace with the rate at which the corrupt U.S. Government is printing counterfeit money and giving it to the U.S. upper class!


The cost of goods and services tends to track the price that the U.S. upper class can and will pay!


The corrupt U.S. Government has created a bifurcated society that is corruptly producing Billionaires and Paupers where the Billionaires can pay for stuff and the Paupers cannot pay for the same stuff!


U.S. consumer demand is increasing and inflation is increasing because the corrupt U.S. Government is fraudulently borrowing an infinite amount counterfeit money from the future Americans and giving it to the U.S. upper class!


So far, the corrupt U.S. Government has fraudulently borrowed $159.4 Trillion from the future Americans and given it to the U.S. upper class!


I am a
whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


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 $159.4 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them to create hundreds of counterfeit billionaires and millions of counterfeit millionaires!


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 corrupt U.S. Government has created a new but artificial currency that I call the imaginary-counterfeit dollar! The imaginary-counterfeit dollar, as the name implies, is imaginary (it does not exist) and counterfeit (it has no value), but it is masquerading as a real dollar! The entire planet is now operating on the imaginary-counterfeit dollar and the corrupt U.S. Government is printing more imaginary-counterfeit dollars every day by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending!


Just as an example, the corrupt U.S. Government is filling up Planet Earth with an infinite number of cars that are being purchased with the infinite number of imaginary-counterfeit dollars that the corrupt U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class by undertaxing them!


This is why the U.S. Government accounting fraud that I call USAPonzi is causing Global Warming!


Americans are fraudulently buying an infinite amount of stuff with the infinite amount of monopoly money that the corrupt U.S. Government is pretending to borrow from the future Americans!


This U.S. Government accounting fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $159.4 Trillion and given it to the U.S. upper class!


This chart also 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!






My 17th Whistleblower Letter to my congressman Van Taylor explains in more detail how this corrupt U.S. Government accounting fraud that I call USAPonzi is enriching America, cheating the rest of the planet, enriching the U.S. upper class, cheating the U.S. general public, causing global warming, causing the coronavirus pandemic, causing a hunger pandemic, setting the stage for The Greatest Depression, and destroying planet earth!


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!


This imaginary-counterfeit money will evaporate when this U.S. Government fiscal and accounting fraud is properly exposed and essentially nobody with have any money marking the start of The Greatest Depression!


At that point in time the Billionaires and the Paupers will be in essentially the same desperate economic situation!


The corrupt U.S. Government must start operating its fiscal policy with GAAP Accounting and commit to a balanced GAAP basis budget to eliminate this U.S. Government corruption and create a level playing field for the entire planet!


 

US National Debt  $29.0 Trillion 
Cash Deficit in FY2022  $2.80 Trillion 
GAAP Deficit in FY2022 
$17.01 Trillion 
US Unfunded Future Liabilities  $130.4 Trillion 
US Unfunded Liabilities (GAAP)  $159.4 Trillion 
Imaginary-Counterfeit Money 
$159.4 Trillion 
US Total National Assets 

$201.9 Trillion 

Source: www.usdebtclock.org November 11, 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

Plano, TX