GM Stupidity caused by US Gov Fraud 211008
October 8, 2021
Emailed to United Nations, Fed Chair Jay Powell, 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, NYT/WSJ/WP/CNBC/DMN on 10/8/21
having or showing a great lack of intelligence or common sense.
Stupid is a harsh and critical word but the stupid and corrupt U.S. Government is causing Planet Earth to do and experience some really stupid even disasterous things! As an example, it is stupid and criminal for the U.S. Government to promise future benefits to the U.S. general public and not accrue the money to pay for these future benefits!
GM has just announced a stupid growth plan because the stupid and incompetent GM management has been fooled by the stupid, incompetent, corrupt, and criminal management of the U.S. Government!
The only reason GM is selling even a single car right now is because the stupid, incompetent, corrupt, and criminal U.S. Government has fraudulently borrowed $157.7 Trillion from the future Americans and given it to the U.S. upper class!
This GM and U.S. Government stupidity and incompetence has already stolen a billion cars from the future Americans (See A Billion Stolen Cars 201026)!
We now have cars and trucks running out of our ears!
And the planet is now convinced that we need a whole-hell-of-a-lot more chips so we can build a whole-hell-of-a-lot more cars and trucks!
Oct 6, 2021 - Economy & Business
GM plans to double revenues by 2030 as it rolls out EVs and services
Joann Muller, author of What's Next
General Motors plans to double its revenues over the next decade as it transitions to an all-electric future, tapping into software and subscription services that enable new vehicle experiences and connect customers' digital lives, the company told reporters on Wednesday.
Why it matters: It's an extraordinary target for a lumbering industrial giant that is trying to transform itself from automaker to "platform innovator."
GM previewed key elements of its growth strategy with journalists ahead of an investor meeting today at its technical center outside Detroit. Key highlights include:
Revenue will double by 2030, along with higher profit margins, it said.
--Chief executive Mary Barra said the company sees "moderate growth" with its current portfolio of gasoline-powered vehicles and automotive financing.
--But most of the growth will come from the addition of electric vehicles to its lineup, as well as new subscriptions and services, including OnStar insurance.
--GM also plans to add revenues from other businesses, including its GM Defense unit, Brightdrop commercial delivery business, Cruise robotaxis — which are getting closer to commercialization — and selling fuel cell technology to partners like Honda.
This is stupidity! This is stupidity on steroids!
GM made this stupid announcement of a doubling of revenues by 2030 because the corrupt U.S. Government is printing an infinite amount of counterfeit money by fraudulently borrowing it from the future Americans so we can buy an infinite number of cars, trucks, airplanes, houses, etc. etc. with monopoly money!
I predict that if the corrupt U.S. Government were to continue this fiscal and accounting fraud until 2030 it would print $378 Trillion of counterfeit money (see chart below) which is more than double what the corrupt U.S. Government has already printed, currently $157.7 Trillion, and that pretty much matches up with Mary Barra's stupid plan to double revenue by 2030!
GM's revenues are not going to double, GM's revenues are going to crash by 95-100% when this U.S. Government stupidity, incompetence, corruption, and criminality is properly exposed! Just about the last thing we need right now is more cars and trucks!
The corrupt U.S. Government has already fraudulently borrowed $157.7 Trillion of counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans so it looks like Americans can buy a whole-hell-of-a-lot of cars and trucks!
GM is making a huge stupid mistake just like many companies have be doing since 1969 when the U.S. Government started “cooking the books”! These mistakes just keep getting bigger and bigger because the corrupt and criminal U.S. Government is printing counterfeit money at an exponentially increasing rate!
I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!
The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $157.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them so the current Americans can buy a whole-hell-of-a-lot of cars and trucks with monopoly money!
The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
This fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!
The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $157.7 Trillion and given it to the U.S. upper class!
This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy and build a whole-hell-of-a-lot more cars, trucks, airplanes, houses, etc, etc, with a Quadrillion dollars of imaginary-counterfeit money!
My 15th whistleblower letter to my congressman Van Taylor 210921 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of the corruption within the U.S. Government!
The fools on Wall Street and the fools in GM have been fooled by the criminals in Washington! In the defense of Wall Street and GM, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!
|US National Debt
|Cash Deficit in FY2022
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org October 8, 2021
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 websites in pdf format.
My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!
John W. White