Suicides will skyrocket when USAPonzi Implodes!
June 11, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 6/11/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why I predict that “Suicides will skyrocket when USAPonzi Implodes”!
The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “colossally feather the nests of their upper-class friends”! The U.S. Government is not using proper accrual accounting!
The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!
Suicides will skyrocket when USAPonzi Implodes!
June 11, 2018
In this commentary, I feel compelled to explain why I predict that “Suicides will skyrocket when USAPonzi Implodes”! When major economic and financial crises occur, there tends to be a significant increase in the suicide rate. A study published in the British Journal of Psychiatry June 12, 2014 concluded that 10,000 suicides were linked with the economic crisis of 2008 as was reported by Forbes.com.
More Than 10,000 Suicides Tied To Economic Crisis, Study Says
Jun 12, 2014, 05:39pm •24,350 views
A dramatic spike in suicides between 2008 and 2010 can be linked with the economic crisis, according to a study published today in the British Journal of Psychiatry.
Researchers from the University of Oxford compared suicide data from before 2007 with the years of the crisis and found more than 10,000 "economic suicides" associated with the recession across the U.S., Canada and Europe.
“There has been a substantial rise in suicides during the recession, considerably more than we would have expected based on previous trends,” says lead author Aaron Reeves, a postdoctoral researcher in the sociology department at Oxford University.
And, says senior author David Stuckler, also of Oxford: “Suicides are just the tip of the iceberg. These data reveal a looming mental health crisis in Europe and North America.”
The corrupt and criminal U.S. Government has been committing fiscal and accounting fraud since 1969 by not operating its fiscal policy with proper accrual accounting! Because of this fraud, Americans have been living in a fantasy world for the last 49 years that has fraudulently created a markedly elevated standard of living for all Americans but especially for the U.S. upper class!
The U.S. Government does this by paying unreasonable and unaffordable U.S. Government benefits to Americans but not properly accruing for future benefits! This has produced a dramatically accelerated consumption rate for the current Americans! This fraud has allowed the U.S. Government to fraudulently borrow $113.5 Trillion from the future Americans and give it to the U.S. upper class!
This U.S. Government is not operating its fiscal policy with proper GAAP Accounting (Generally Accepted Accounting Principles)!
This fiscal and accounting fraud has produced a classic Ponzi scheme, I call it USAPonzi, that pays the early participants in the scheme with money that is projected to be paid by late participants in the scheme! Americans are buying stuff with $113.5 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!
All Americans benefit from this Ponzi scheme but the U.S. upper class is colossally benefiting from this fiscal and accounting fraud! This fraud has created millions of imaginary millionaires and hundreds of imaginary billionaires! This fraud is paying business executives, wall street investors, politicians, athletes, and entertainers $millions! This fraud has created the wealth and income gap!
This fraud has caused prices for everything to inflate! This fraud has caused the stock market to continually go up! This fraud has caused the U.S. and global economies to appear to be very strong! This fraud has caused a trade imbalance between America and the rest of the planet! America is buying more than we are selling because Americans are buying stuff with $113.5 Trillion of imaginary-counterfeit money that has been fraudulently borrowed from the future Americans!
This fraud has built big houses for the U.S. upper class! This fraud is filling America with cars and airplanes! This fraud is building luxury office buildings, condo buildings, and apartment buildings all over the planet! This fraud is building skyscraper cities and fancy airports in the Middle East! This fraud is building ghost cities and airports in China! This fraud has built the city of Las Vegas!
Many people think they are wealthy and have a huge income simply because the U.S. Government has created $113.5 Trillion of imaginary-counterfeit money out of “thin air” by fraudulently borrowing it from the future Americans!
Many people that appear to be rich and famous today are going to be broke and destitute tomorrow when USAPonzi implodes!
Many people will not be able to live with the despair that results from the realization that they have gone from feast to famine when the U.S. Government starts telling the financial truth!
The Implosion of USAPonzi will affect all Americans but professional athletes and entertainers will be some of the prominent victims of the collapse of the global financial system when the U.S. Government finally admits to this fraud! Many athletes and entertainers that are currently making $millions a year will be broke and out of a job when this fraud is exposed!
The Implosion of USAPonzi will be dramatically more devastating than “The Great Recession of 2008” and that is why I predict that “Suicides will skyrocket when USAPonzi Implodes”!
This economic euphoria produced by USAPonzi will be replaced with a global economic depression that will rival “The Great Depression” when USAPonzi implodes!
When the U.S. Government finally admits to this fiscal and accounting fraud, this stash (currently $113.5 Trillion) and stream (currently $6.02 Trillion per year) of imaginary counterfeit money will evaporate into the “thin air” from whence it came!
The U.S. Government is corrupt!
The senior officials of the U.S. Government are common criminals that have committed a $113.5 Trillion criminal act by not using proper accrual accounting! The senior officials of the U.S. Government are common criminals because they are direct financial beneficiaries of this massive fraud!
We now have 535 criminals in the U.S. Congress and an untold number of criminals in the White House!
This fraud is explained in more detail in my Open Letter to Planet Earth!
To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget. GAAP Accounting (Generally Accepted Accounting Principles) is the commonly used name in America for the accounting guidelines for accrual accounting.
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Jun 11, 2018
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!
This is the biggest ($113.5 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White