Labor Shortage-Why Americans Won't Work 210808
August 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 8/8/21
Why do we have a Labor Shortage?
What Does A Worker Want? What The Labor Shortage Really Tells US
July 8, 2021
Tom Spiggle Senior Contributor
The economic data is fairly clear: employers are getting desperate for workers in the United States. By the end of April 2021, job openings rose to an unprecedented 9.3 million, according to the Bureau of Labor Statistics.
While the actual number might have surprised some, the fact that employers are having difficulty finding enough workers isn’t that surprising. As the country reopened and more people got vaccinated against the coronavirus, many economists thought that people would quickly return to work.
Things haven’t turned out that way and many consumers have felt the effects. For example, restaurants have limited menus or reduced dining room capacity. In an attempt to combat this worker shortage, many states are reducing unemployment benefits. The primary belief (at least publicly) is that reducing unemployment benefits will make unemployed individuals more willing to go back to work.
While the above reasons may contribute to our labor shortage, they are not the real reason for the labor shortage!
The real reason many Americans won't work or don't want to work is because the corrupt U.S. Government is fraudulently printing an infinite amount of counterfeit money so they do not have to work!
Americans do not want to work when U.S. Government benefits exceed the amount of money, they can make by working!
I am a whistleblower! The U.S. Government is corrupt!
The corrupt U.S. Government is “cooking the books” to print an infinite amount of counterfeit money by fraudulently borrowing it from the future Americans and giving it to the current Americans!
So far, the corrupt U.S. Government has printed $154.6 Trillion of counterfeit money!
My Whistleblower Letter #1 to Plant Earth explains in detail how the U.S. Government is printing an infinite amount of counterfeit money so many Americans do not and will not work!
The corrupt U.S. Government is printing counterfeit money faster than the entire working population in America can earn money by working at a typical minimum wage of $15/hour! The following is a notional comparison to demonstrate the magnitude of the counterfeit money printing of the corrupt U.S. Government!
Rate of printing counterfeit money!
GAAP Deficit in FY2021 = $17.67 Trillion/year = $48.4 Billion/day
Rate of earning money at minimum wage
127 million current workers x 8 hours/day x $15/hour = $15.2 Billion/day
Workers earning money at a minimum wage cannot possibly compete in an economy that prints counterfeit money 3 times faster than workers can earn it! The corrupt U.S. Government is cheating and oppressing the U.S. general public by printing counterfeit money and giving it to the U.S. upper class!
The oppressed low paid workers are willing and anxious to accept U.S. Government benefits when these benefits exceed their earning power! But the problem is these benefits are being paid with counterfeit money that the corrupt U.S. Government is borrowing from the future Americans and these benefits cannot continue to be paid because they have not been accrued for!
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 current Americans so an ever-increasing number of Americans do not have to or do not want to work for a living!
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 $154.6 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans so the current Americans can 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, with the current Ponzi scheme fiscal policy, 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 in the limit condition no American will ever have to work again!
Let me say that one more time, if the corrupt U.S. Government continues to run this Ponzi scheme fiscal policy, eventually no American will ever have to work again! But we will have to import an infinite number of immigrants to provide services to these non-working Americans! USAPonzi is causing the immigration policy dilemma, we don't like all these immigrants but our fraudulent fiscal policy demands that we have them to do our work for us!
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 allows more and more Americans to not have to work for a living!
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 even if they do not have a job!
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 current Americans are going to be in real trouble when this fraud and corruption is exposed and they realize that they really do have to work for a living! And the safety net of U.S. Government benefits does not exist because the promised future benefits are unfunded!
|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 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 also be downloaded from my www.usaponzi.net website.
John W. White