Trump Economic Miracle by Fraud 190207
February 07, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 2/7/19
Trump boasts ‘economic miracle’ in State of the Union speech!
“An economic miracle is taking place in the United States and the only thing that can stop it are foolish wars, politics, or ridiculous partisan investigations,” he said.
President Donald Trump made the false claim on February 5, 2019 in his ‘State of the Union speech’ that he was orchestrating an ‘economic miracle’! The U.S. economy appears to be strong but only because the U.S. Government is committing a fiscal and accounting fraud!
President Trump does not understand that he is presiding over the biggest accounting fraud ever perpetrated! This accounting fraud is a classic $122.5 Trillion Ponzi scheme that I have named USAPonzi!
The United States of America appears to be the richest and most prosperous country on Planet Earth because the U.S. Government is fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class! The U.S. Government is digitally printing counterfeit money, I call it imaginary-counterfeit money, and giving it to the U.S. upper class!
The U.S. upper class has gotten super rich and the U.S. economy has soared over the last 50 years because the U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting (Generally Accepted Accounting Principles)! The fundamental problem is that the U.S. Government is not accruing for future financial commitments and is deferring these public liabilities to the future Americans!
These public liabilities are reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP)!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|| $122.5 Trillion
|Total National Assets
Source www.usdebtclock.org Feb 7, 2019
The U.S. Government is fraudulently borrowing $16.7 Billion every day from the future Americans and giving it to the U.S. upper class by undertaxing them! This fraud was launched in FY1969 by LBJ when he convinced the U.S. Congress to adopt the Unified Budget! Since FY1969, the U.S. Government has fraudulently borrowed $122.5 Trillion from the future Americans and has given it to the U.S. upper class!
That is why America looks rich and prosperous; the U.S. Government is digitally printing imaginary-counterfeit money and giving it to the U.S. upper class! GAAP basis deficit spending by the U.S. Government digitally prints imaginary-counterfeit money and gives it to the U.S. upper class!
Donald Trump has done basically nothing to produce this ‘economic miracle’, he just inherited an accounting fraud that is printing imaginary-counterfeit money at the rate of $16.7 Billion a day and giving it to the U.S. upper class! Donald Trump did put a little more ‘juice’ into this fraud by giving tax breaks, starting in 2018, to the U.S. upper class so the U.S. upper class could get richer just a little bit faster!
The U.S. economy appears to be getting stronger and stronger because the U.S. Government has been intentionally and fraudulently operating its fiscal policy with a dramatically unbalanced budget for the last half century!
Because of this accounting fraud, the U.S. upper class gets undertaxed and rich while the U.S. general public gets cheated and oppressed because future benefits are underfunded!
The U.S. Government has created $122.5 Trillion of imaginary-counterfeit money out of ‘thin air’ and given it to the U.S. upper class!
The U.S. Government has promised the U.S. general public that it will pay them $100.5 Trillion in benefits that it has no intention or capability to pay!
This is fraud!
And the really sad thing is that this fraud is causing Global Warming that is in the process of Destroying Planet Earth! The U.S. Government is in the process of printing an infinite supply of imaginary-counterfeit money that the planet is using to buy, build, and operate an infinite number of environment-polluting physical objects which are causing Global Warming that is Destroying Planet Earth!
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, USAPonzi3, and my latest USAPonziA.
This is the biggest ($122.5 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White