USAPonzi enriches Gates/Buffett/Clinton/Trump!
June 6, 2016
The U.S. Government, with its Ponzi scheme fiscal policy, is massively and fraudulently enriching Bill Gates, Warren Buffett, Bill and Hillary Clinton, and Donald Trump. In fact, the U.S. Government is massively and fraudulently enriching all of the U.S. upper class.
The fiscal policy of the U.S. Government is a classic Ponzi scheme that I have named USAPonzi. This Ponzi scheme is produced because the U.S. Government is using Cash Accounting rather than the proper GAAP Accounting (Generally Accepted Accounting Principles). As a result, the U.S. Government is operating with a dramatically unbalanced budget as indicated in the following table by a GAAP Deficit of $5.77 Trillion in FY2016 when the U.S. Government reports a Cash Deficit of $0.51 Trillion.
|Cash Deficit in FY2016
|GAAP Deficit in FY2016
|Unfunded Future Liabilities
|| $83.1 Trillion
|US Unfunded Liabilities (GAAP)
|| $102.4 Trillion
|Total National Assets
Source: www.usdebtclock.org June 6, 2016
Because the U.S. Government is not operating with GAAP Accounting, it is not assessing and collecting sufficient tax revenue to adequately fund the future liabilities for the veteran benefits, pensions, and social benefits promises that the U.S. Government has made. These Unfunded Future Liabilities now total $83.1 Trillion.
This Ponzi scheme fiscal policy has also dramatically overpaid the social benefit recipients, the U.S. Government employees, and the Government related businesses increasing our National Debt to $19.3 Trillion.
The U.S. upper class is appearing to get very wealthy because the U.S. Government has undertaxed them by $102.4 Trillion ($83.1T+$19.3T). But this is imaginary money because the U.S. Government has just borrowed/stolen it from the future U.S. taxpayers. This is counterfeit money because the future U.S. taxpayers cannot pay these deferred liabilities. The U.S. upper class it not really as rich as they appear to be because this is just $102.4 Trillion of imaginary-counterfeit money (See The Theory of Imaginary Money).
*Undertaxing allocated by Net Worth (82.4%)
**Includes the money in the Clinton Foundation
Gates, Buffett, the Clintons, and Trump are all getting richer and richer from U.S. Government fraud!
The apparent wealth and prosperity of the United States of America is just a hoax that is being perpetrated by a corrupt and fraudulent U.S. Government by using a fraudulent accounting system and dramatically undertaxing the current U.S. taxpayers. The U.S. Government is simply increasing the apparent private wealth of the U.S. upper class by assuming public liabilities. The U.S. Government has been doing this for 47 years and is continuing to increase the apparent wealth of the U.S. upper class every day by another $15.8 Billion (GAAP Deficit of $5.77T/365 = $15.8B).
This is why we have a "Wealth Gap" and this is why the U.S. upper class will become infinitely rich if the U.S. Government continues with this corrupt and fraudulent fiscal policy.
The Stock Market is a hoax! The Real Estate Market is a hoax! The price of oil is a hoax! The price of gold is a hoax! All because more than 80% of our wealth and purchasing power has been produced as imaginary-counterfeit money by U.S. Government fraud and corruption.
Hoax: A humorous or malicious deception. USAPonzi is a malicious deception!
This problem can only be equitably resolved by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
In order to create a level economic playing field throughout the planet, the U.S. Government must eliminate this fraud and corruption.
You can learn more about this fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi" which is available on Amazon and also on my website in PDF format.
This is the biggest ($102.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!