USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

U.S. Consumer Spending Strong by Fraud 211124
November 24, 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 11/24/21


U.S. consumer spending is strong because the U.S. Government is corrupt!


U.S. consumer spending
is strong because the corrupt U.S. Government is printing counterfeit money!


U.S. consumer spending
is strong because the corrupt U.S. Government is printing an infinite amount of counterfeit money by borrowing it from the future Americans and giving it to the U.S. upper class so the current Americans can buy an infinite amount of stuff and charge it to the future Americans!


The corrupt U.S. Government has, so far, printed $161.2 Trillion of counterfeit money!


The United States of America appears to be wealthiest country on the planet and appears to have the strongest economy on the planet because 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!


Reuters
U.S. consumer spending strong; robust wage gains hint at long spell of high inflation
October 29, 2021
By Lucia Mutikani


Summary
--Consumer spending increases 0.6% in September
--Personal income drops 1.0%; wages jump 0.8%
--Core PCE price index gains 0.2%; up 3.6% year-on-year
--Compensation surges in third-third quarter


WASHINGTON, Oct 29 (Reuters) - U.S. consumer spending increased solidly in September, but was partly flattered by higher prices, with inflation remaining hot as shortages of motor vehicles and other goods persisted amid global supply constraints.


Inflation pressures are broadening out, with other data on Friday showing employers boosted wages by the most on record in the third quarter as they competed for scarce workers. The industry-wide surge could undercut Federal Reserve Chair Jerome Powell's long-held view that high inflation is transitory.


The strength in consumer spending at the end of last quarter, together with falling COVID-19 infections and recovering consumer confidence bode well for a pickup in economic activity in the final three months of the year, though shortages and more expensive goods pose risks. The economy grew at its slowest pace in more than a year in the third quarter.


"The economy has a supply problem not a demand problem," said Christopher Rupkey, chief economist at FWDBONDS in New York. "The economy has money to burn and that is why inflation will be hard to extinguish."


Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.6% last month after rebounding 1.0% in August, the Commerce Department said. Economists polled by Reuters had forecast consumer spending increasing 0.5%.


Spending was driven by demand for services such as healthcare, dining out as well as hotel and motel accommodation amid declining cases of the coronavirus Delta variant. A wave of infections over summer worsened worker shortages at factories, mines and ports, further stressing supply chains.


This explanation for why U.S. consumer spending is strong is insanity! This is insanity on steroids!


U.S. consumer spending is strong because the corrupt U.S. Government is printing counterfeit money!


U.S. consumer spending is strong because the corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!


The current Americans are able to buy an infinite amount of stuff with the infinite amount of counterfeit money that the corrupt U.S. Government is pretending to borrow from the future Americans!


America is getting rich, the U.S. upper class is getting rich, and the U.S. consumer is buying a whole-hell-of-a-lot of stuff because the corrupt U.S. Government is stealing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!


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 stuff with a Quadrillion dollars of imaginary-counterfeit money!





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  $29.0 Trillion 
Cash Deficit in FY2022  $2.80 Trillion 
GAAP Deficit in FY2022 
$15.15 Trillion 
US Unfunded Future Liabilities  $132.2 Trillion 
US Unfunded Liabilities (GAAP)  $161.2 Trillion 
Imaginary-Counterfeit Money 
$161.2 Trillion 
US Total National Assets 

$202.9 Trillion 

Source: www.usdebtclock.org November 24, 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

Plano, TX