Home sales jump from US Government Fraud 200922
September 22, 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 9/22/20.
Home sales jump because the corrupt U.S. Government is printing counterfeit money!
The corrupt U.S. Government has printed $154.6 Trillion of counterfeit money so the current Americans can buy a ton of homes!
The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting!
The corrupt U.S. Government has been printing counterfeit money for the last 51 years so the current Americans can buy homes that they cannot afford! The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing 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 so the current Americans can buy more and more bigger and bigger homes (See USAPonzi-The Great American Fraud)!
CNBC REAL ESTATE
Existing home sales jump to 14-year high, as prices set another record
PUBLISHED TUE SEP 22, 2020 10:00 AM EDT
Sales of existing homes rose 2.4% to a seasonally adjusted annualized rate of 6.0 million units, according to the National Association of Realtors.
Sales were 10.5% higher compared with August 2019. This is the highest sales pace since December 2006, before the Great Recession.
Tough competition has the market moving very quickly. It took just 22 days to sell a home in August, matching the fastest on record.
The pundits on TV cannot understand why the stock market is going up and why the real estate market is going up!
Both are going up because the U.S. Government is corrupt! Both are going up because the corrupt U.S. Government is printing imaginary-counterfeit money by not using proper GAAP Accounting! The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans so the current Americans can fraudulently buy an infinite amount of everything including homes!
GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!
As of today, September 22, 2020, the corrupt U.S. Government has fraudulently borrowed $154.6 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class!
$154.6 Trillion of imaginary-counterfeit money can buy a ton of big homes!
USAPonzi is causing four global crises (See Quadrilogy of Global Crises (economy, climate, health, and hunger)) that are setting the stage for The Greatest Depression and if this Ponzi scheme is continued it will Destroy Planet Earth!
|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 September 22, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP). US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$28.5 Trillion (>$154.6T-$126.1T = >$28.5T).
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
This is the biggest ($154.6 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White