Dangerous People-Warren, Powell, Yellen 211007
October 7, 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 10/7/21
The U.S. Government is being run by some very “dangerous people”!
The people in the U.S. Government are very dangerous because they are operating the U.S. Government fiscal policy with a fraudulent accounting system, I call it USAPonzi, that is causing economic inequality, is jeopardizing national and global civility and security, and is destroying planet earth! Either nobody in the U.S. Government knows about this fraud and its dangerous nature or everybody that knows about this dangerous and devastating fraud is afraid to admit to it!
The dangerous people in Washington have stolen $157.7 Trillion of monopoly money from the future Americans and given it to the U.S. upper class!
Please pay attention to that last statement, the dangerous people in Washington have stolen $157.7 Trillion of monopoly money from the future Americans and given it to the U.S. upper class with one of the oldest accounting tricks, operating with cash accounting rather than proper accrual accounting!
These dangerous people are either intentional criminals or incompetent fools!
While all of the senior people in the U.S. Government are dangerous, I want to highlight three prominent dangerous people!
Senator Elizabeth Warren (as a proxy for all the members of the U.S. Congress)
Chairman of the Fed Jay Powell
Secretary of the Treasury Janet Yellen
It is clear to me that none of these prominent dangerous people have any clue about the damage that is being done to Planet Earth by the fiscal and accounting fraud that I call USAPonzi! That is what makes these people dangerous!
Interestingly, Senator Warren introduced this term “dangerous people” by calling Fed Chairman Jay Powell a “dangerous man”!
The New York Times
With his reappointment on the line, Elizabeth Warren calls Jerome Powell ‘a dangerous man.’
Sept. 28, 2021
Senator Elizabeth Warren, Democrat of Massachusetts, blasted the Federal Reserve chair, Jerome H. Powell, for his financial regulation track record and said that she would not support him if the White House renominated him, calling him a “dangerous man to head up the Fed.”
I agree with Senator Warren that Jay Powell is a dangerous man but for a different reason! I call Jay Powell a dangerous man because he is asleep at the switch while the U.S. Government is causing an epic financial, economic, physical, and humanitarian disaster by committing a fiscal and accounting fraud that I call USAPonzi (See Fed-Asleep At The Switch 210901)!
Jay Powell is a dangerous person! Jay Powell is a common criminal!
Senator Warren is a dangerous person because she is a principal party to this $157.7 Trillion U.S. Government fiscal and accounting fraud that I call USAPonzi! I have tried to explain the dangerous nature of this accounting fraud to the U.S. Congress by sending eight letters to each member of the congress with only one meaningful response! The dangerous nature of this fiscal and accounting fraud is summarized in my 15th Whistleblower Letter to my Congressman Van Taylor!
Elizabeth Warren is a dangerous person! Elizabeth Warren and all of her fellow members of the U.S. Congress are common criminals!
Secretary of the Treasury Janet Yellen is a dangerous person because she either does not understand the dangerous nature of this U.S. Government accounting fraud or does not have the courage to expose this fraud! Her recent comments cement the fact that she is dangerous because she is calling for eliminating the debt limit!
The New York Times
Janet Yellen says she supports eliminating the debt limit.
Sept. 30, 2021
Treasury Secretary Janet L. Yellen said on Thursday that the statutory debt limit should be abolished, arguing that the borrowing cap is “destructive” and poses unnecessary risks to the economy.
Treasurer Yellen, because of her reputation as one of the most knowledgeable economists on the planet, should be able to recognize that this accounting fraud is a classic $157.7 Trillion Ponzi scheme that is causing economic inequality, is setting the stage for The Greatest Depression, and is destroying planet earth!
Treasurer Yellen wants to eliminate the debt limit because it is an inconvenient reminder that the U.S. Government is corrupt and bankrupt!
Janet Yellen is a dangerous person! Janet Yellen is a common criminal!
So, we need to find out which of these dangerous people are intentional criminals and which are accidental fools!
Given a choice, it is better to be an accidental fool than an intentional criminal but we cannot afford to have either criminals or fools in such prominent positions within the U.S. Government!
All three of these people are “dangerous persons” that are common criminals (they are being fraudulently enriched by this accounting fraud) whether they know it or not!
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 by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting) which has produced a classic $157.7 Trillion Ponzi scheme fiscal policy, I call it USAPonzi, that is not accruing for future U.S. Government benefit promises to the U.S. general public!
When the corrupt U.S. Government does not accrue for future benefit promises, this has the effect of fraudulently borrowing money from the future Americans, I call it imaginary-counterfeit money since the future Americans can never pay this fraudulently borrowed money, and giving it to the U.S. upper class by undertaxing them!
As of today, the corrupt U.S. Government has fraudulently borrowed $157.7 Trillion of imaginary-counterfeit money from the future Americans (US Unfunded Liabilities (GAAP)), money the future Americans do not have, and given it to the U.S. upper class and is fraudulently borrowing more imaginary-counterfeit money every day and giving it to the U.S. upper class with ongoing GAAP basis deficit spending!
This 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 $157.7 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 so the entire planet can buy and build a whole-hell-of-a-lot of stuff with a Quadrillion dollars of imaginary-counterfeit money!
My 15th whistleblower letter to my congressman Van Taylor 210921 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!
The fools on Wall Street and the fools on Planet Earth have been fooled by the criminals in Washington! In the defense of Wall Street and the rest of Planet Earth, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!
|US National Debt
|Cash Deficit in FY2022
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org October 7, 2021
My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!
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