Goldman Sachs Still Fooled by Fraud 210805
August 5, 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 8/5/21
The folks at Goldman Sachs are fools! This sounds harsh but it is true!
The supposedly “smartest folks on Wall Street”, Goldman Sachs, are still being fooled by the corrupt U.S. Government!
The stock market will crash by 95%+ when Goldman Sachs finds out about this corruption!
I have published two previous commentaries in an attempt to expose this foolishness at Goldman Sachs!
Goldman Sachs-Fools or Criminals 201113
Goldman Sachs (David Kostin) fooled by Fraud 201208
The corrupt U.S. Government has been “cooking the books” for the last 52 years to print $154.5 Trillion of counterfeit money and the experts at Goldman Sachs have not yet been able to discover that this is a $154.5 Trillion crime!
Where have all of the “smart folks” at Goldman Sachs gone?
The stock market is continuing to go up simply because the corrupt U.S. Government is fraudulently borrowing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class! The corrupt U.S. Government is reporting its financial condition on a Cash basis rather than on a proper GAAP basis in an attempt to conceal this $154.5 Trillion crime!
Apparently, this is enough sleight of hand to fool Goldman Sachs!
Goldman Boosts S&P 500 Target on Earnings Growth, Low Rates
By Ksenia Galouchko
August 5, 2021
Goldman strategists raise year-end target to 4,700 from 4,300
New target implies 7% gain in benchmark from current level
Goldman Sachs Group Inc. strategists lifted their outlook for the S&P 500 Index as robust earnings growth and low interest rates fuel optimism that stocks can continue rallying despite record high levels.
David J. Kostin and his colleagues raised the end-2021 target to 4,700 after the benchmark U.S. index surpassed their earlier prediction of 4,300 about a month ago, according to a note. This implies a return of about 7% from current levels for the remainder of the year and is now the highest forecast along with Oppenheimer & Co’s in the monthly Bloomberg survey of Wall Street strategists from July.
Let me say this one more time, the corrupt U.S. Government is fraudulently borrowing an infinite amount of counterfeit money from the future Americans and giving it to the U.S. upper class to cause the stock market to continually go up!
The corrupt U.S. Government has deferred $154.5 Trillion of public liabilities to the future Americans to make the U.S. upper class look rich, to make the U.S. economy look strong, and to make the stock market continually go up!
David J. Kostin needs to incorporate this information into his thinking when making his stock market predictons!
I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting!
The corrupt U.S. Government is promising and paying benefits to the U.S. general public but is not using proper and Generally Accepted Accounting Principles (GAAP Accounting) to accrue the money to pay future benefits!
The U.S. general public is getting cheated, so far by $125.9 Trillion (US Unfunded Future Liabilities), because the corrupt U.S. Government is not accruing for future benefits and these future benefits for the U.S. general public are now unfunded!
The U.S. upper class is getting enriched, so far by $154.5 Trillion (US Unfunded Liabilities (GAAP)), because the corrupt U.S. Government is not accruing for future benefits and the U.S. upper class has been undertaxed by $154.5 Trillion!
Because of this U.S. Government fiscal and accounting fraud, the U.S. upper class is getting filthy rich with counterfeit money and the U.S. general public is getting screwed! Because of this U.S. Government fiscal and accounting fraud, people all over the planet can buy stuff and not pay for it!
Because the U.S. Government is not using proper GAAP Accounting, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that it is fraudulently borrowing an infinite amount of money from the future Americans, I call it imaginary-counterfeit money, and giving it to the U.S. upper class so we can buy an infinite amount of everything under the sun with monopoly money and make the companies selling this stuff look increasingly profitable and valuable!
This is fraud because the corrupt U.S. Government is borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class by undertaxing them! This is not a small fraud! The corrupt U.S. Government has already fraudulently borrowed $154.5 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans so the current Americans buy stuff and let the future Americans worry about how they are going to pay for it!
The following chart gives a graphical projection of how the corrupt U.S. Government could fraudulently borrow as much as a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans over the next three decades and give it to the U.S. upper class so we can have a whole-hell-of-a-lot more imaginary-counterfeit money to buy stuff and not pay for it!
The corrupt U.S. Government needs to understand that GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class, which causes extreme counterfeit wealth and income for the elite, oppresses the unelite, allows Americans to buy stuff with monopoly money, causes Global Warming and the Coronavirus Pandemic, and causes the stock market to continually go up!
The corrupt U.S. Government is lying to and cheating the U.S. general public by promising but not funding future benefits so they can fraudulently enrich the U.S. upper class with trillions of imaginary-counterfeit money so the current Americans can buy and enjoy stuff they really cannot afford!
The U.S. general public and the rest of the planet are going to be MAD-AS-HELL at the U.S. Government when they find out about this fraud and corruption!
The experts at Goldman Sachs are going to feel really foolish when they find out about this fraud and corruption!
|US National Debt
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org August 5, 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 also be downloaded from my www.usaponzi.net website.
John W. White