Texas Instruments Stupidity by US Fraud 211123
November 23, 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 11/23/21
Texas Instruments just announced a stupid decision to build 4 chip plants in Sherman, TX!
Samsung, as of this morning, is reportedly set to announce a similar stupid decision to build a $17B chip plant in Taylor, TX!
Samsung set to announce new $17 billion advanced chip plant in Texas: report
Creating 1,800 jobs in the city of Taylor
By Mitchell Clark and Jon Porter Nov 23, 2021, 5:14am EST
Texas Instrument’s management has been fooled by the corrupt U.S. Government! The corrupt U.S. Government is fraudulently borrowing an infinite amount of counterfeit money from the future Americans and giving it to the U.S. upper class so it looks like Planet Earth needs an infinite number of computer chips!
This commentary is especially hard for me to write since I am retired Texas Instruments employee and it pains me to see my company make such a monumental mistake!
Texas Instruments should not be making their manufacturing capacity decisions based on a fraudulent requirement for an infinite number of computer chips!
PCMag.com Home > News > Components
Texas Instruments Earmarks $30B for New Chip Plants in Sherman, Texas
Construction begins next year and could end up creating 3,000 new jobs.
By Matthew Humphries
November 19, 2021
Texas Instruments (TI) has selected Sherman, Texas as the location for a massive expansion of its US chip manufacturing facilities, which will bring new jobs and billions of investment to the area over the next few years.
TI is planning to construct up to four 300mm semiconductor wafer fabrication plants in Sherman, with construction on the first two fabs beginning next year. The first fab is set to come online at some point in 2025. If all four fabs are completed, TI expects to have invested around $30 billion in the site and created 3,000 new jobs.
The American tech company already has a 300mm fab called DMOS6 operating in Dallas, and RFAB1 operating in Richardson. A second fab at the Richardson site (RFAB2) is expected to start production in the second half of 2022. TI acquired a fab in Lehi, Utah (LFAB) from Micron earlier this year, which is expected to start producing chips in early 2023. With the Sherman project, TI is effectively doubling its 300mm fab footprint in the US.
This is stupidity! This is stupidity on steroids!
When this corruption within the U.S. Government is properly exposed, it will be clear that this multi-chip plant project is a $30 Billion financial fiasco!
I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books” (See USAPonzi-The Great American Fraud)!
The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $161.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them so the current Americans can buy a whole-hell-of-a-lot of stuff with monopoly money!
The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running 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, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
This fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!
The following notional chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $161.2 Trillion from the future Americans and given it to the U.S. upper class!
This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy a whole-hell-of-a-lot more computer chips with a Quadrillion dollars of imaginary-counterfeit money!
The corrupt U.S. Government has fooled Texas Instruments into thinking they need to build 4 useless chip plants!
The corrupt U.S. Government has fooled Samsung into thinking they need to build a useless $17B chip plant!
My commentary PEMMA-Planet Earth Man-Made Apocalypse 211101 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of this corruption within the U.S. Government!
The fools on Wall Street have been fooled by the criminals in Washington! In the defense of Wall Street, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!
|US National Debt
|Cash Deficit in FY2022
|GAAP Deficit in FY2022
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org November 23, 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 be downloaded from my websites in pdf format.
John W. White