Cooking the Books by US Gov Fraud 210512
May 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 5/12/21
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 “Cooking the Books” by promising future U.S. Government benefits to the U.S. general public but not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) to accrue the money to pay these future benefits!
The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting!
Because of this accounting fraud, the U.S. upper class is getting rich (US Unfunded Liabilities (GAAP) = $147.8T) because they are undertaxed and the U.S general public is getting cheated (US Unfunded Future Liabilities = $119.5T) because their future benefits are unfunded!
Because of this accounting fraud, the corrupt U.S. Government is deferring public liabilities to the future Americans and undertaxing the U.S. upper class! This has the effect of fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! I call this fraudulently borrowed money, imaginary-counterfeit money, because it does not exist (imaginary) and has no value (counterfeit)!
The corrupt U.S. Government is printing imaginary-counterfeit money and giving it to the U.S. upper class with GAAP basis deficit spending!
The current Americans, primarily the U.S. upper class, are fraudulently buying stuff with imaginary-counterfeit money that the corrupt U.S. Government has produced by fraudulently borrowing it from the future Americans!
The way this accounting fraud works, the corrupt U.S. Government is in the process of printing an infinite amount of this imaginary-counterfeit money so the entire planet can fill up Planet Earth with an infinite number of T-shirts, tennis shoes, smartphones, computers, cars, airplanes, houses, apartments, condos, restaurants, resorts, sports venues, airports, cities, etc etc.
Author's Note: This is what is causing Global Warming!
The corrupt U.S. Government has tricked the entire planet into thinking this imaginary-counterfeit money can buy things just like it was real earned income!
We now have $147.8 Trillion worth of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) in the global financial system that is masquerading as real money and this giant pool of imaginary-counterfeit money is expanding exponentially with ongoing GAAP basis deficit spending!
The following chart gives a graphical projection of how the corrupt U.S. Government could fraudulently borrow as much as a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans over the next three decades and give it to the U.S. upper class so Americans can fraudulently buy a whole lot more stuff with imaginary-counterfeit money!
The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not funding future benefits so they can enrich the U.S. upper class with trillions of imaginary-counterfeit money and so Americans can buy a whole lot of stuff with imaginary-counterfeit money!
The U.S. general public is not going to be happy when they find out that they are being cheated so the U.S. upper class can get really rich with imaginary-counterfeit money!
The rest of the planet is not going to be happy when they find out that they are being cheated because Americans are fraudulently buying stuff with imaginary-counterfeit money!
This commentary (Chaos-Civil Unrest-Depression by US Gov Fraud 120508) presents my prediction of what will likely happen when this Ponzi scheme implodes!
|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 May 12, 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