Drinking The U.S. Government Kool-Aid!
Mar 5, 2015
As posted on www.usaponzi.com
I am absolutely amazed at the number of people that are "Drinking the U.S. Government Kool-Aid" in regard to the performance of the U.S. economy. I see almost everywhere I look that the U.S. economy is recovering nicely. I see it in the Wall Street Journal, the New York Times, the Dallas Morning News, the network news, and the cable news.
The U.S. economy appears to be performing better than most economies right now because the U.S. Government has the best Ponzi scheme on the Planet. Most countries have fiscal policies (Ponzi schemes) that are designed to keep their economies moving forward or at least staying afloat but the U.S. Government's Ponzi scheme (USAPonzi) is not only "The Best Ponzi Scheme on the Planet" it is "The Biggest Ponzi Scheme on the Planet".
By using corrupt and fraudulent accounting, the U.S. Government is currently running with GAAP basis Deficit Spending of $6.5 Trillion a year (FY2015) that stimulates our U.S. economy enough to make it look nearly twice as good as it really is (See U.S. "Real GDP FY2015). The U.S. Government does this with a very simple technique. It gives nearly half of the U.S. citizens money to spend, social benefits, that the U.S. Government does not have and tells them that they will be getting that money for the rest of their lives. It tells U.S. citizens that many of them will have most of their health care paid for by the U.S. Government for the rest of their lives when the U.S. Government does not have the money. The U.S. Government is, by not funding these social benefit promises, printing counterfeit money at the current, but increasing, rate of $17.8 Billion a day by undertaxing on a GAAP basis for these social benefit promises.
Anyone can look very prosperous by printing counterfeit money if they could get a way with it but because the U.S. Government is the U.S. Government they seem to think they can do it and get away with it. The media, the economists, the financial advisors, the people in business, and the people on Wall Street all seem to be "Drinking the U.S. Government Kool-Aid". The people on Main Street are not so sure that the economy is doing so well because they are not getting the same benefit from "the U.S. economic recovery" as are the people in the ruling class and the upper class. In fact they are getting ripped off and most of them do not yet know the disaster that awaits them when USAPonzi implodes (See Cheating the Common Man).
The longer I observe what is happening with U.S. Fiscal policy the more I think that the weighting of "Fools to Foxes" is skewed much more to the Fools than I originally thought. Many people in powerful positions are "Drinking the U.S. Government Kool-Aid". Or maybe they are pretending to "Drink the U.S. Government Kool-Aid" because they know that if they stopped pretending they would have to face the reality that this is in fact a fantasy (Ponzi) economy created by the U.S. Government using a corrupt and fraudulent accounting system to print counterfeit money.