USA is booming by cheating 191201
December 1, 2019
Emailed to 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/DMN, and Dallas Mayor Eric Johnson on 12/1/19.
The U.S. economy appears to be booming because the U.S. Government is cheating!
The U.S. Government is cheating by printing counterfeit money and giving it to the U.S. upper class! The U.S. Government has printed $127.0 Trillion of counterfeit money and given it to the U.S. upper class!
The U.S. Government is corrupt! The U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting)!
By using Cash Accounting, the U.S. Government is not taxing the U.S. upper class enough to pay for the future benefit promises that the U.S. Government has made to the U.S. general public! The U.S. Government is not accruing the money to pay the future benefits that have been promised to the U.S. general public!
The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of borrowing an infinite amount of money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class by undertaxing them!
The U.S. Government is fraudulently borrowing imaginary-counterfeit money from the future Americans, so far $127.0 Trillion, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The U.S. Government is fraudulently borrowing another $16.8 Billion of imaginary-counterfeit money every day from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending (GAAP Deficit in FY2020 = $6.13T/365 days = $16.8B/day)!
The corrupt U.S. Government has fraudulently created $127.0 Trillion of imaginary-counterfeit money out of “thin air” over the last 50 years and given it to the U.S. upper class by fraudulently deferring $127.0 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans!
Americans have accumulated private net worth (Total National Assets) of $148.4 Trillion over the last 50 years by fraudulently borrowing $127.0 Trillion of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
Americans, and people all over Planet Earth, are building and buying stuff with an infinite supply, so far $127.0 Trillion, of imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!
This is what is Causing Global Warming that is Destroying Planet Earth!
The U.S. upper class has fraudulently gotten rich with $127.0 Trillion of monopoly money that the corrupt U.S. Government has fraudulently borrowed from the future Americans with GAAP basis deficit spending!
This fraud is explained in more detail in my commentary The Great American Fraud!
This fraud is explained to the U.S. Government in my Whistleblower Letter #3 to the 116th U.S. Congress!
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org December 1, 2019
This imaginary-counterfeit money, currently $127.0 Trillion, will evaporate into the “thin air” from whence it came when USAPonzi implodes!
This is the biggest ($127.0 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White