Energy Independence in America by Fraud! 200421
April 21, 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 4/21/20
Some people sold oil yesterday for -$37 a barrel because America is being flooded with Oil! What could possibly cause this to happen?
This is caused by U.S. Government accounting fraud! Americans are buying oil with counterfeit money!
America has appeared to be able to gain energy independence by printing counterfeit money to buy oil from itself and from the rest of the planet!
The U.S. Government is corrupt! The corrupt U.S. Government is committing a fiscal and accounting fraud that is in the process of printing an infinite amount of counterfeit money so that Americans can buy stuff, oil in this case, without having to pay for it!
The corrupt U.S. Government is committing this fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting)!
For the last 51 years, the corrupt U.S. Government has been running 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 with GAAP basis deficit spending!
The United States of America is running out of space to store all of the oil that Americans are buying with imaginary-counterfeit money!
This accounting fraud is filling up America, and much of the planet, with cars, airplanes, houses, tall buildings, and oil by printing imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!
So far, the corrupt U.S. Government has printed $144.6 Trillion of imaginary-counterfeit money to buy oil at high prices! When the price of oil got to $40-50 a barrel, it appeared to make it profitable to drill for oil in America that was previously too expensive to pump!
This accounting fraud is enriching the U.S. upper class, enriching the U.S. ruling class, cheating the U.S. general public, cheating the rest of the planet, causing social injustice, causing the wealth and income gap, causing Global Warming, causing the Coronavirus Pandemic, causing the Death of Planet Earth, and flooding the United States of America with fraudulently acquired oil!
The flooding of America with oil appears to be because the U.S. economy has been put on hold by the Coronavirus Pandemic! This is not the reason that we are being flooded with oil! The reason we are being flooded with oil is because we are printing imaginary-counterfeit money to buy the oil! The Coronavirus Pandemic, which is itself caused by this accounting fraud, has just created a health and economic crisis that is exposing this U.S. Government accounting fraud to anybody that is paying attention!
Yesterday, we saw an amazing situation where the price of oil for delivery in May closed at -$37 a barrel! That's right, some people were willing to spend $37 a barrel to get rid of their excess oil!
When the corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money and giving it to the U.S. upper class, it causes a lot of people to make some really bad financial decisions!
The following are links to my whistleblower letters to Planet Earth and the U.S. Congress in an attempt to expose the fraud and corruption within the U.S. Government!
Whistleblower Letter #1 to Planet Earth
Whistleblower Letter #4 to the U.S. Congress
|US National Debt
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org April 21, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP).
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!
John W. White