The Janet Yellen Dilemma!
April 1, 2016
As Posted on www.usaponzi.com
Janet Yellen, as Chairman of the Federal Reserve Bank, has a very serious dilemma! Does she expose the fiscal and accounting fraud of the U.S. Government or does she have to admit that she does not know that the U.S. Government is committing fiscal and accounting fraud? Either way this is going to be a serious embarrassment for Janet Yellen and all of her predecessors as Chairmen of the Federal Reserve Bank.
If the Federal Rererve Bank knows about this fraud then they are co-conspirators in this fraud!
The U.S. Government is committing fiscal and accounting fraud (USAPonzi) that is creating imaginary-counterfeit money that has been the basis of the apparent wealth and prosperity in the United States of America and in fact much of the "developed world". This U.S. Government fraud has been operating for over 47 years; since Lyndon Baines Johnson introduced the "Unified Budget" in FY1969.
This is a fiscal policy problem created by the U.S. Government but most of the world thinks it can be fixed with a monetary policy action by the U.S. Federal Reserve. The people on TV can dance around the "will they or won't they" increase the Fed Funds rate issue all they want to but they are missing the point all together. They should be asking "When will the U.S. Government start telling the financial truth?".
My question is this; does Janet Yellen know about the U.S. Government fiscal and accounting fraud?
If she knows about this fraud and still pretends like everything is going to be okay this must be causing her tremendous personal turmoil and I feel sorry for her having to deal with having to try to conceal this fraud.
If she does not know about this fraud then I fell sorry for her because she will have to deal with the total embarrassment of having this U.S. Government fraud being executed on her watch and that of her predecessors (Bernanke, Greenspan, Volker, etc.).
Either way this cannot be a comfortable time for Janet Yellen and her FOMC committee members.
Do they know about this fraud or are they trying to deal with something they do not understand?
April 1, 2016
National Debt: $19.2 Trillion
GAAP Deficit for FY2016: $5.80 Trillion
US Unfunded Future Liabilities: $82.5 Trillion
US Unfunded Liabilities (GAAP): $101.7 Trillion
Imaginary-counterfeit money: $101.7 Trillion
Total National Assets: $122.6 Trillion
You can learn more about this massive U.S. Government fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi: The Ultimate Government Fraud" which is available on Amazon. This book can also be read directly from my website in PDF format.
This is the biggest financial fraud ever perpetrated, I call it
"USAPonzi: The Ultimate Government Fraud"!
"The Biggest Ponzi Scheme on the Planet"!
The financial data presented in this commentary was sourced from www.usdebtclock.org as of April 1, 2016.