Where will we park all the Damn Trucks? 190411
April 11, 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 3/18/19
Where will we park all the Damn Trucks?
I think we should park some of them next to all the damn airplanes and the rest of them next to all the damn cars!
The U.S. Government is running a Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money so we can appear to buy an infinite number of everything!
When we are buying an infinite amount of stuff, we need an infinite number of trucks, mostly 18-wheelers, to haul all of this stuff to the buyers that purchased this stuff with counterfeit money, I call it imaginary-counterfeit money, that the U.S. Government is fraudulently borrowing from the future Americans!
The U.S. Government has created a Truck Bubble by printing infinite counterfeit money!
When this Ponzi scheme implodes, I think we should park some of these trucks next to all the damn airplanes and the rest next to all the damn cars!
This Ponzi scheme is causing bubbles in all asset classes; airplanes, cars, trucks, houses, apartment buildings, skyscrapers, restaurants, banks, sports stadiums, golf courses, hospitals, airports, cities, smartphones, computers, tennis shoes, tee shirts, bitcoins, etc., etc.! We are buying and building a lot more things than we can honestly afford! We are buying and building a lot more things than we can effectively use when USAPonzi implodes!
The U.S. Government is creating bubbles in all asset classes by printing an infinite amount of imaginary-counterfeit money!
The U.S. Government has already printed $123.4 Trillion of imaginary-counterfeit money and is printing $16.7 Billion more imaginary-counterfeit money every day so we can buy an outrageous number of everything! People all over the planet are buying stuff with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
GAAP basis deficit spending, by the U.S. Government, prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! The U.S. upper class gets paid an estimated $16.7 Billion every day because the GAAP deficit in 2019 is estimated to be $6.10 Trillion ($6.10T/365 days = $16.7B)!
When will USAPonzi implode? That is as yet unknown but it is inevitable!
The U.S. Government is in the process of fraudulently borrowing an unending and ever-increasing (infinite) amount of imaginary-counterfeit money from the future Americans so vendors all over the planet appear to need an unending and ever-increasing number of trucks to haul all of this stuff around!
Until the U.S. Government starts using honest accounting, the planet will continue to build trucks that are destined to end up in truck parking lots all over planet earth!
Until the U.S. Government starts using honest accounting, the planet will continue to buy, build, rent, and operate more and more environment-polluting physical objects, like trucks, that are causing Global Warming which is Destroying Planet Earth!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org April 11, 2019
GAAP Accounting, properly applied, would prevent the U.S. Government from borrowing more money from the future Americans than the future Americans can be reasonably expected to pay!
The U.S. Government must adopt GAAP Accounting (Generally Accepted Accounting Principles) and commit to a balanced GAAP basis budget in order to eliminate this fiscal and accounting fraud and properly accrue for the future U.S. Government benefit promises that have been made to the U.S. general public!
The U.S. Government, and all sovereign entities that sponsor a currency that is used in international trade, must adopt GAAP Accounting, or its basic equivalent, to provide a level economic playing field in America and throughout 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 ($123.4 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White