Planet Earth Junkyard: 1.12 billion stolen cars! 200105
January 5, 2020
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, and Dallas Mayor Eric Johnson on 1/7/20.
I contend that we have at least 1.12 billion fraudulently acquired (stolen) cars on a worldwide basis! We are building and buying too many cars and the cars that we are building and buying are much more expensive than we can afford!
The corrupt U.S. Government is operating a Ponzi scheme that is turning Planet Earth into a Junkyard filled with environment-polluting physical objects that will be mostly unusable when this Ponzi scheme implodes! The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money which is causing Global Warming that is destroying Planet Earth!
I estimate that 80-90%, possibly even more, of the physical assets on planet earth have been built and bought with imaginary-counterfeit money and will need to be disposed of in some manner if we are going to save planet earth! While this commentary focuses on cars, this same argument applies to all asset classes!
This accounting fraud has produced $127.5 Trillion of imaginary-counterfeit money that we are using to buy cars and as of Aug 2018 we had an estimated 1.4 billion vehicles worldwide. So if my estimate is correct we will need to put more than 1.12 billion cars on cinder blocks some place when USAPonzi implodes (0.80 x 1.4b = 1.12b)!
I make this estimate because, as the usdebtclock.org table shown below indicates, Total National Assets = $145.6 Trillion and this accounting fraud has produced $127.5 Trillion of imaginary-counterfeit money yielding a gross estimate of $127.5T/$145.6T = 0.876 = 87.6% of the assets in the United States have been produced by U.S. Government accounting fraud! This estimate is for the United States but with our now highly integrated global economy and the fact that United States owns about 30-40% of global assets, the global percentage would tend to be similar to the U.S. number.
Author's Note: Of course the reason that the United States owns 30-40% of the global assets is because the U.S. Government has printed $127.5 Trillion of imaginary-counterfeit money and given it to the U.S. upper class!
We are building and buying too many of everything because the U.S. Government accounting fraud that I call USAPonzi, is printing imaginary-counterfeit money at the rate of $16.8 Billion a day and giving it to the U.S. upper class!
Number and Value of cars 1970-2020
This Ponzi scheme, that I call USAPonzi, started in FY1969 so I will compare the number and value of cars in 1970 with the number and value of cars today! These are gross estimates of number and value of cars in an attempt to demonstrate the absurdity of the impact the financial corruption within the U.S. Government!
The U.S. Government has fraudulently borrowed $127.5 Trillion from the future Americans and given it to the U.S. upper class so we can pretend to buy 1.4 billion cars!
We have got cars, airplanes, houses, apartments, condos, and whatever running out of our ears because the U.S. Government is corrupt!
United States Worldwide Counterfeit
Price Number Value Number Value Money
1970 $3,542 89m $0.315T 250m $0.885T $0.371T
2020 $37,185 276m $10.263T 1,400m $52.059T $127.500T
Sources of Data:
$3,542 price 1970 thepeoplehistory.com
$37,185 price May 2019 Kelly Blue Book
89m United States 1970 State Motor Vehicle Registration
276m United States Q1 2019 Statista
250m Worldwide 1970 Wikipedia
1,400m Worldwide Aug 2018 urbanguide
The question that my readers may be asking is where are we getting the money to buy all of these increasingly expensive cars! The answer is very simple; the corrupt U.S. Government is fraudulently borrowing it from the future Americans and giving it to the U.S. upper class! The problem is this, the future Americans do not have $127.5 Trillion!
This U.S. Government accounting fraud is building unusable assets, even cities, all over planet earth! As an example, the glamorous new cities in the Middle East and China would not exist without this accounting fraud!
The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of counterfeit money from the future Americans so the entire planet can build and buy an infinite amount of everything without paying for any of it!
The corrupt U.S. Government has already fraudulently borrowed $127.5 Trillion of counterfeit money from the future Americans and is fraudulently borrowing another $16.8 Billion of counterfeit money from the future Americans every day!
By fraudulently printing $127.5 Trillion of counterfeit money, the U.S. Government has caused the entire planet to make some very foolish financial decisions and to build and buy stuff that would not make sense if the U.S. Government was telling the financial truth!
The corrupt U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is not accruing for future benefit promises to the U.S. general public, is colossally undertaxing the U.S. upper class, and is fraudulently deferring colossal public liabilities, so far $127.5 Trillion, to the future Americans!
The corrupt U.S. Government is operating 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 so the current Americans can buy an infinite amount of everything without having to pay for any of it!
Planet Earth is being filled with an infinite number of cars, trucks, boats, airplanes, houses, apartments, condos, restaurants, banks, office facilities, medical facilities, hotels, resorts, cruise ships, cargo carriers, airports, and cities that are being built, bought, rented, and operated with an infinite stream of imaginary-counterfeit money that is being fraudulently borrowed from the future Americans!
When this Ponzi scheme implodes, this imaginary-counterfeit money will evaporate and people will not have the money to buy fuel to run their cars, trucks, boats, and airplanes or have the time to operate these vehicles! People will have to start earning real money to meet their basic needs of food, shelter and clothing!
When this Ponzi scheme implodes, the jobs that will allow people to earn real money to pay for their basic needs or to produce products to meet their basic needs will not be in reasonable proximity to their current living accommodations in houses, apartments, and condos that are being built and purchased with this infinite stream of imaginary-counterfeit money! The current housing accommodations tend to be built in urban environments and people will need to be living in close proximity to the land so they can meet their basic needs!
This accounting fraud is building too many big houses in urban areas! This accounting fraud is building too many densely packed middle income houses in urban areas! This accounting fraud is building too many luxurious high-rise condos in urban areas! This accounting fraud is building too many large apartment complexes in urban areas!
These housing accommodations appear to be viable because the U.S. Government is printing imaginary-counterfeit money at the rate of $16.8 Billion a day to provide fraudulent income for the U.S. population. When this Ponzi scheme implodes, this fraudulent income will vanish and people will be living in housing that is unaffordable and unsustainable! There will be no real jobs in these urban areas to provide a real income for basic needs, let alone provide the income to support these housing accommodations that far exceed the earning potential of the occupants!
When this Ponzi scheme implodes, people will not have money to go to restaurants, to go to resorts, to stay in hotels, to go on cruises, to buy an unending stream of stuff from Amazon, to fly on airplanes, to go to expensive football games, or to put money in their banks!
This accounting fraud is building massive amounts of warehouses, data centers, stores, malls, and restaurants so we can be assured to have what we want delivered to us almost immediately whenever and wherever we want it! Printing an infinite amount of imaginary-counterfeit money can make a lot of things appear to be possible!
The corrupt U.S. Government is creating an infinite stream of imaginary-counterfeit money by fraudulently borrowing it from the future Americans so we can fill Planet Earth with an infinite number of environment-polluting physical objects that are causing Global Warming which is destroying Planet Earth!
The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money to turn Planet Earth into a Junkyard filled with an infinite amount of stuff that we will not be able to effectively use when this Ponzi scheme that I call USAPonzi implodes!
This U.S. Government accounting fraud is causing the entire planet to build and buy things that will be unusable when USAPonzi implodes! We will likely have entire cities that become virtual ghost towns when this Ponzi scheme implodes!
USAPonzi is a $127.5 Trillion criminal act by the senior officials of the U.S. Government!
The following commentaries give further explanations of this absurd and criminal fiscal policy of the U.S. Government.
Whistleblower Letter #1 to Planet Earth
USAPonzi-The Great American Con Game
Whistleblower Letter #3 to the U.S. Congress 191110
Whistleblower Letter #1 to the United Nations 191203
Death of Planet Earth
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP))
|Total National Assets
Source: www.usdebtclock.org January 5, 2020
You can learn much more detailed information about this Con Game/accounting fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or my sixth book on USAPonzi “USAPonziC” which is available on Amazon.
John W. White