Coronavirus: Health Crisis or Financial Crisis? 200320
March 20, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 3/20/20
What I am about to say will not be popular and will sound a lot like heresy! I contend that we have created a health crisis (coronavirus) for Planet Earth because the U.S. Government is committing a fiscal and accounting fraud that has produced a financial crisis that is in the process of being exposed by the health crisis!
I contend that we have a health crisis and a financial crisis that have both been brought on by a U.S. Government fiscal and accounting fraud that I call USAPonzi!
The 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. This accounting fraud is in the process of printing an infinite amount of money and giving it to the U.S. upper class! This Ponzi scheme is borrowing money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class at the rate of the U.S. Government GAAP basis deficit spending.
This infinite supply of imaginary-counterfeit money has made it possible for Planet Earth to unnaturally extend the lives of people all over Planet Earth by paying for retirements, pensions, healthcare, veteran's benefits etc. etc. that are not affordable by the earned income of the working population!
This infinite supply of imaginary-counterfeit money has made it possible for people all over the Planet to live in increasingly dense urban areas that provide more and more opportunity for the transmission of contagious diseases!
Because the U.S. Government is in the process of printing an infinite supply of imaginary-counterfeit money, we are filling up Planet Earth with people, cars, airplanes, boats, houses, restaurants, condos, apartments, hotels, resorts, airports, cities etc. etc.
So far, the U.S. Government has printed $132.0 Trillion of imaginary-counterfeit money so that millions of people can ride in cars, fly on airplanes, sail on boats to all parts of Planet Earth without having to earn the money to pay for these travels! That is why the coronavirus has spread so rapidly; infinite money produces infinite travelers to carry infinite germs everywhere!
Let me say that one more time, the U.S. Government has printed $132.0 Trillion of imaginary-counterfeit money, by borrowing it from the future Americans, so millions and millions of people can travel the planet carrying germs! And because of the way this accounting fraud works, the number of people traveling without paying for it, is increasing exponentially!
In theory, we could have everybody on the planet traveling all of the time using the infinite stream of imaginary-counterfeit money that the U.S. Government is borrowing from the future Americans!
The U.S. Government is giving infinite wealth to the U.S. upper class, is causing global warming, and is causing the spread of contagious diseases by committing a fiscal and accounting fraud!
This U.S. Government accounting fraud is borrowing an infinite amount of imaginary-counterfeit money from the future Americans to give infinite wealth to the U.S. upper class!
This U.S. Government accounting fraud is borrowing an infinite amount of imaginary-counterfeit money from the future Americans so Planet Earth can build and buy an infinite number of environment-polluting physical objects which causes global warming!
This U.S. Government accounting fraud is borrowing an infinite amount of imaginary-counterfeit money from the future Americans so an infinite number of travelers can carry an infinite number of germs all over the planet which has caused the coronavirus crisis!
This could be why the coronavirus crisis could be more severe in America than in other parts of the planet because Americans have more imaginary-counterfeit money to travel than any other country on the planet!
This financial crisis will end with a global depression because the U.S. Government has promised future benefits to the U.S. general public that have not been properly funded! A significant portion of the U.S. population will be devastated when they realize that they have been lied to and cheated by the U.S. Government promising U.S. Government benefits that cannot be paid!
This health crisis is causing many people to be out of a job and without an income and the U.S. Government's response is to print more imaginary-counterfeit money to tide these people over while we try to fight off the health crisis! The problem is, we now have $132.0 Trillion of public liabilities and we are going to instantaneously print another trillion or so of imaginary-counterfeit money to add to these public liabilities to try to avoid a financial system collapse that is inevitable!
The fiscal policy of the U.S. Government invokes “the first rule of holes”; if you are digging a hole and can't get out of the hole, stop digging!
As I say, this sounds a lot like heresy but when we try to amend the natural order of life by borrowing from the future, we create an economic system that can only be reconciled by a massive global depression!
The following is a link to my fourth letter to the U.S. Congress in an attempt to expose the fraud and corruption within the U.S. Government!
Whistleblower Letter #4 to the U.S. Congress
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org March 20, 2020
I have written two websites (USAPonzi.com and USAPonzi.net) and seven books (the latest is USAPonziD which is available on Amazon) that explain this fraud and the impact it is having on Planet Earth!
I have also, written Whistleblower Letter #2 to Planet Earth in an effort to provide a concise explanation of this U.S. Government fiscal and accounting fraud that I call USAPonzi.
John W. White