Filling the Planet with Junk!
July 19, 2016
"U.S. Government fraud is filling the planet with junk purchased with imaginary-counterfeit money!"
USAPonzi is the reason THEY hate us!
|Cash Deficit in 2016
|GAAP Deficit in 2016
|Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Jul 19, 2016
The U.S. Government is corrupt! The U.S. Government is committing fiscal and accounting fraud! The U.S. Government is running a massive Ponzi scheme which I have named USAPonzi! This Ponzi scheme was created by the U.S. Government using Cash Accounting rather than the proper GAAP Accounting!
The U.S. Government has deferred $102.9 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future U.S. taxpayers! USAPonzi has made the U.S. upper class filthy rich by being undertaxed by $102.9 Trillion! USAPonzi has created the wealth and income gap. $102.9 Trillion can create a massive wealth and income gap! The U.S. Government has given Americans $102.9 Trillion of imaginary-counterfeit money to spend simply by undertaxing them. The U.S. Government has borrowed/stolen $102.9 Trillion from the future U.S. taxpayers and we are buying stuff we cannot afford with this imaginary-counterfeit money (See The Theory of Imaginary Money)! The U.S. Government creates $15.7 Billion more imaginary-counterfeit money every day (GAAP Deficit $5.74T/365 = $15.7B)!
We are filling up the planet with cars, trucks, planes, houses, office buildings, apartment buildings, resorts, hospitals, medical centers, restaurants, athletic stadiums, malls, grocery stores, drug stores, banks, smartphones, TVs, computers, etc. etc. that have been bought and built with the imaginary-counterfeit money created by U.S. Government fraud. This is why you see so many construction cranes. This is why you see so much road construction. This is why you see so many traffic jams.
$102.9 Trillion of imaginary-counterfeit money can buy a lot of junk!
USAPonzi is the reason THEY hate us!
We question why the "radical Muslims" would hate us but I contend that it is because Americans have a standard of living that is not enjoyed in most other parts of the planet. The fact that the U.S. Government is pumping imaginary-counterfeit money into the U.S. economy every day with massive GAAP basis deficit spending, makes life in the U.S. a lot easier.
USAPonzi elevates the U.S. standard of living relative to the rest of the planet.
USAPonzi elevates the U.S. ruling class standard of living relative to the Common Man.
USAPonzi colossally elevates the upper class standard of living all over the planet.
USAPonzi is distributing imaginary-counterfeit money at the rate of $15.7 Billion a day.
I have tried to encourage the U.S. Government to address this U.S. Government fraud by sending 12 Whistleblower letters to the SEC and a Whistleblower letter to each member of Congress and to each member of the Supreme Court (these letters are posted on my website www.usaponzi.com).
This problem can only be equitably resolved by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
This change will be very, very traumatic for the entire planet. This imaginary-counterfeit money, currently $102.9 Trillion, will evaporate into the "thin air" from whence it came when USAPonzi implodes (See The Implosion of USAPonzi).
In order to create a level economic playing field that is sustainable over time and equitable throughout the planet, the U.S. Government must eliminate this fraud and corruption. The U.S. Government must stop cheating the future Americans and the rest of the planet just so it can dramatically enhance the lifestyle of current Americans (See Getting Rich on Borrowed Money)!
USAPonzi is explained in much more detail on my website www.usaponzi.com and in my book "USAPonzi" which is available on Amazon in Kindle and paperback format and on www.usaponzi.com in PDF format.
This is the biggest ($102.9 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet".