Destroying Planet Earth-current
June 15, 2021
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $149.4 Trillion crime by borrowing $149.4 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!
The current fiscal policy of the corrupt U.S. Government is a classic Ponzi scheme, I call it USAPonzi, that is in the process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!
The current fiscal policy of the corrupt U.S. Government is promising and paying U.S. Government benefits to the U.S. general public but is not taxing the U.S. upper class to pay for future benefits! The U.S. upper class is getting rich because they are being undertaxed, and the U.S. general public is getting cheated because their promised benefits are not getting funded!
This corrupt fiscal policy is Destroying Planet Earth!
This corrupt fiscal policy was started in FY1969 and therefore has been operating for the last 52 years! This corrupt fiscal policy is moving in stages to Destroy Planet Earth!
This corrupt fiscal policy is fraudulently enriching the U.S. upper class relative to the U.S. general public and fraudulently enriching America relative to the rest of the planet with this infinite supply of imaginary-counterfeit money, so far $149.4 Trillion, that is being fraudulently borrowed from the future Americans! This has been going on for now 52 years and the wealth and income gap has been widening for now a half century creating colossal Economic Inequality!
This corrupt fiscal policy is printing this infinite supply of imaginary-counterfeit money, so far $149.4 Trillion, which Planet Earth is using to build and buy an infinite number of environment-polluting physical objects which is causing Global Warming! This corrupt fiscal policy has been gradually burning up Planet Earth for now a half century!
This corrupt fiscal policy has been printing this infinite supply of imaginary-counterfeit money so more and more people do not have to work for a living and can live wherever they may want to. This has caused people to live closer and closer together in bigger and bigger cities which has created petri dishes of humanity to breed and spread germs locally!
This infinite supply of imaginary-counterfeit money has allowed more and more people to travel whenever and wherever they might wish go, without have to earn the money to pay for their travel! This allows almost instant transmission of any germs produced locally to be spread globally all over Planet Earth!
People all over the planet are riding in cars, flying on airplanes, and sailing on boats that have been purchased with imaginary-counterfeit money, so far $149.4 Trillion, that has been fraudulently borrowed from the future Americans and burning fuel that has been purchased with imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!
This infinite supply of imaginary-counterfeit money has allowed more and more people to buy their food with monopoly money rather than having to work to produce their own food! This has caused the production of food to be concentrated around the most fertile lands and then shipped to the food consumers through what are now food supply chains that can be hundreds of miles long.
Our big cities are actually food deserts that must have their food shipped in from what could be very remote food producers!
This infinite supply of imaginary-counterfeit money has mis-configured our living and working accommodations that make it impossible for people living in these food deserts, without money, to acquire their own food! The food producers are quite reluctant to share their food without it being paid for!
A stable state of food production and distribution means producing food locally and distributing it locally through food supply chains that are miles long rather than hundreds of miles long! This requires un-urbanization and re-ruralization of the global population!
Our big, crowded cities of idle hands will be desperate to survive when the corrupt U.S. Government is forced to quit printing imaginary-counterfeit money!
The Greatest Depression
This fiscal and accounting fraud that I call USAPonzi has created artificial wealth, I call it imaginary-counterfeit wealth, for the U.S. upper class and has not funded the future benefits for the U.S. general public! When this accounting fraud is exposed the entire planet will fall into a global depression!
The imaginary-counterfeit wealth of the U.S. upper class will vanish when this fraud is exposed, and the U.S. upper class will have no money!
The imaginary-counterfeit income of the U.S. general public that has been living on U.S. Government benefits will vanish when this fraud is exposed because the benefits have not been funded, and the U.S. general public will have no money!
How do you run a successful global economy when nobody has any money?
The global economy will pay the price for the radically accelerated consumption rate produced by this fiscal and accounting fraud that I call USAPonzi!
I call this looming global depression, The Greatest Depression, because the current Total Financial Leverage is 4.9X 1929 just prior to The Great Depression!
The Death of Planet Earth
My commentary, the Death of Planet Earth, presents a possible scenario as to how this current physical, financial, economic, and humanitarian crisis could end!
|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 June 15, 2021
While this U.S. Government fiscal and accounting fraud may have already done irreparable damage to Planet Earth, we need to at least try to Save Planet Earth by eliminating this accounting fraud, retiring these fraudulently acquired environment-polluting physical objects, and re-configuring the global population so people can live closer to their own food production and closer to real work opportunities so that they can become self-sufficient!
This accounting fraud/Ponzi scheme can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government!
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 www.usaponzi.net website.
John W White