No Way Out of Shelter-in-Place! 200405
April 5, 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 4/6/20
The corrupt and criminal U.S. Government has fraudulently borrowed $137.2 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class by undertaxing them (US Unfunded Liabilities (GAAP) = $137.2 Trillion)!
Because of this, there is no way out of Shelter-in-Place!
We are trapped in our homes with no possible way to return to the ‘the strongest economy in history(?)’ as President Trump continues to proclaim! President Trump does not understand that we appear to have ‘the strongest economy in the history of the planet’ because the corrupt U.S. Government has fraudulently printed $137.2 Trillion of imaginary-counterfeit money and given it to the U.S. upper class!
There is no painless escape from the shelter-in-place condition that has been mandated by the coronavirus pandemic! This coronavirus pandemic has caused us to adopt shelter-in-place to fend off a medical crisis that was caused by an accounting fraud that is now being exposed by the shelter-in-place mandate!
If we exit from shelter-in-place too early we could see millions of lives lost to COVID-9 and if we stay in shelter-in-place until coronavirus is controlled we will see tens of millions of people with no job, no money, and no food for several months! The only solution to this second problem seems to be to borrow more and more imaginary-counterfeit money from the future Americans when they already are on the hook for $137.2 Trillion!
That is the nature of a Ponzi scheme, once the operator starts borrowing/stealing significant money from future participants to pay the current participants, the Ponzi scheme operator has no choice but to keep borrowing more and more money from the future participants in order to keep paying the current participants!
P.S. According to the estimates by usdebtclock.org, the Cares Act (coronavirus bail out relief program) that Congress approved on April 1, 2020 had the following impact on the U.S. Government public liabilities!
US Unfunded Liabilities (GAAP)
March 27, 2020 April 5, 2020
$132.1 Trillion $137.2 Trillion
The Cares Act has given the U.S. upper class another $5 Trillion of imaginary-counterfeit money!
Some will contend that this medical/economic crisis is an ‘act of god’ or an ‘act of nature’, depending on their belief system, but this medical/economic crisis is caused by an ‘act of man’, a criminal act by the U.S. Government!
The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! As a result, the 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 and giving it to the U.S. upper class by undertaxing them!
This accounting fraud is fraudulently enriching America, fraudulently enriching the U.S. upper class, and fraudulently cheating the U.S. general public! The corrupt U.S. Government is promising and paying benefits to the U.S. general public but is not accruing the money to pay these benefits in the future which enriches the rich and cheats the unrich!
The corrupt U.S. Government has fraudulently created an economic system that has given the U.S. upper class $137.2 Trillion of imaginary-counterfeit money and cheated the U.S. general public out of $113.4 Trillion!
The corrupt U.S. Government has created a second currency, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans! The way this fraud works, the corrupt U.S. Government is fraudulently borrowing an unending and ever-increasing (infinite) amount of counterfeit money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class by undertaxing them!
The U.S. upper class is getting rich and the U.S. general public is getting screwed!
As long as the corrupt U.S. Government can keep this Ponzi scheme going, the richer the U.S. upper class becomes and the U.S. general public can live on the spending of the fraudulently enriched U.S. upper class! When the music stops and the U.S. upper class stops spending their imaginary-counterfeit money, the U.S. general public finds themselves with no job, no income, and no food! Further, the funds intended to provide the promised future U.S. Government benefits to the U.S. general public do not exist because the corrupt U.S. Government has not been accruing the money to pay these future benefits!
The corrupt and criminal U.S. Government has printed $137.2 Trillion of imaginary-counterfeit money and given it to the U.S. upper class by fraudulently deferring $137.2 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!
This accounting fraud is in the process of printing an infinite amount of imaginary-counterfeit money so that the entire planet can build and buy an infinite number of environment-polluting physical objects that are causing global warming which is destroying planet earth!
See Causing Global Warming!
This accounting fraud is in the process of printing an infinite amount of imaginary-counterfeit money which is allowing people all over the planet to live in ever denser urban areas that can cause germs to be transmitted locally in these ever more dense population areas! This accounting fraud has produced the China economic miracle because the U.S. Government is printing an infinite amount of imaginary-counterfeit money so Americans can buy an infinite amount of whatever the Chinese can make without spending a plugged nickel of earned income!
This accounting fraud is in the process of printing an infinite amount of imaginary-counterfeit money so that an unending and ever-increasing (infinite) number of people all over the planet can travel everywhere causing these germs to be rapidly transmitted globally without spending a plugged nickel of earned income!
This accounting fraud is creating dense population areas to breed germs and transmit them locally and allow people to travel by car, airplane, or boat to distribute these germs globally.
Infinite money produces infinite cars, airplanes, boats, houses, apartments, condos, and tall and densely packed apartment and condo buildings to breed germs and transmit them rapidly everywhere!
Richard Preston, author of ‘The Hot Zone’ about the outbreak of the Ebola virus in the late 1980’s, calls this ‘packing and mixing’ which can create the environment for a pandemic! Because the corrupt U.S. Government is printing an infinite amount of counterfeit money, this accounting fraud has caused both ‘packing and mixing’!
See Wuhan: Oswald caused Coronavirus Pandemic!
The following are links to my whistleblower letters to Planet Earth and the U.S. Congress in an attempt to expose the fraud and corruption within the U.S. Government!
Whistleblower Letter #1 to Planet Earth
Whistleblower Letter #4 to the U.S. Congress
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org April 5, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP).
I have written two websites (USAPonzi.com and USAPonzi.net) and seven books (the latest is USAPonziD which is available on Amazon) that explain this fraud and the impact it is having on Planet Earth!
John W. White