Drug Prices will fall when USAPonzi Implodes
May 13, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 5/13/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why “Drug Prices will fall when USAPonzi Implodes”!
The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “colossally feather the nests of their upper-class friends”! The U.S. Government is not using accrual accounting!
The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!
Drug Prices will fall when USAPonzi Implodes
May 13, 2018
Drug prices have gone up because the U.S. Government is corrupt!
Drug prices will fall precipitously when this U.S. Government corruption is exposed!
Trump and his team are wasting their time looking for ways to lower drug prices when all they have to do is to start telling the truth by using honest accounting!
Honesty tends to promote fairness and equality! Washington ought to try it sometime!
The U.S. Government is corrupt because it is committing fiscal and accounting fraud by not operating its fiscal policy with accrual accounting! The U.S. Government is running a massive GAAP basis deficit, estimated to be $6.01 Trillion in FY2018, and as a result is digitally printing imaginary-counterfeit money!
The corrupt and criminal U.S. Government, by not using accrual accounting, is running a classic Ponzi scheme, I call it USAPonzi, by deferring an ever-increasing amount ($113.2 Trillion so far) of public liabilities to the future Americans!
To date, May 13, 2018, the corrupt and criminal U.S. Government has issued $113.2 Trillion of imaginary-counterfeit money! The price of everything has gone up for the last 49 years because the corrupt and criminal U.S. Government is digitally printing imaginary-counterfeit money and giving it to the U.S. upper class (See Inflation-A Byproduct of USAPonzi)!
We are paying for our drugs with $113.2 Trillion of imaginary-counterfeit money that the U.S. Government is creating out of “thin air” by pretending to borrow it from the future Americans! If the U.S. Government was using honest accounting, neither the U.S. Government nor the fraudulently enriched upper class would be able to pay these exorbitant prices for drugs! As they say, a pet alligator will grow to fit the size of the bathtub, so as long as the U.S. Government prints more and more imaginary-counterfeit money the drug suppliers will charge more and more for their drugs!
The problem is, the U.S. general public has to use real earned income to buy stuff, while the U.S. Government and the U.S. upper class can use imaginary-counterfeit money to buy stuff! This is why I say the U.S. Government is committing a “Human Rights Violation in America”; the corrupt and criminal U.S. Government is stuffing imaginary-counterfeit money ($113.2 Trillion so far) into the pockets of the U.S. upper class so they can afford to pay high prices for drugs that the U.S. general public cannot afford!
The U.S. Government likes the U.S. upper class a whole lot more than it likes the U.S. general public! One of the reasons being that the U.S. upper class can buy a whole lot more favors from their favorite politicians with their considerable ($113.2 Trillion) stash of imaginary-counterfeit money!
The corrupt and criminal U.S. Government is fraudulently printing counterfeit money, I call it imaginary-counterfeit money, with real but unreported GAAP basis deficit spending! Americans are buying stuff with imaginary-counterfeit money and the U.S. Government is printing more imaginary-counterfeit money every day so prices for everything continue to go up!
This increase in prices is somewhat imperceptible because the U.S. Government is only printing $16.5 Billion of newly minted imaginary-counterfeit money every day (GAAP Deficit in FY2018 of $6.01T/365 days = $16.5B/day)!
When USAPonzi implodes, this stash and stream of imaginary-counterfeit money will evaporate and the price of drugs will fall precipitously!
The corrupt and criminal U.S. Government is causing the price of drugs, healthcare, and essentially everything to inflate because it is not operating its fiscal policy with proper accrual accounting!
We have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
The U.S. Government has committed the biggest financial fraud ever perpetrated; a $113.2 Trillion fiscal and accounting fraud that is a classic Ponzi scheme which I have named USAPonzi!
This fraud is explained in more detail in my Open Letter to Planet Earth commentary!
The U.S. Government is filled with scoundrels, liars, cheaters, and criminals that are running a massive Ponzi scheme because they are not operating the U.S. Government fiscal policy with proper accrual accounting!
The U.S. Government is committing a colossal human rights violation by not using accrual accounting!
To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting!
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 13, 2018
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!
This is the biggest ($113.2 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White