Who is Cheating Who? 191014
October 14, 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 10/14/19
Who is cheating who?
Is China cheating America or is America cheating China?
I contend that each is cheating the other but that America cheating China is the dominant crime!
Donald Trump has initiated a trade war with China, and to some degree with the rest of the planet, because he feels that America is being treated unfairly since the balance of trade has America buying more stuff than America is selling!
Donald Trump is picking on China because that is where we seem to have the largest trade deficit and furthermore America is accusing China of stealing America's intellectual property!
It may be true that China is stealing America's intellectual property, but it is definitely true that America is stealing China's real property!
America is committing a fiscal and accounting fraud that is printing counterfeit money so that America can buy real property from China, and everybody else, without having to pay for it! America has a trade deficit because America is in the process of printing an infinite amount of counterfeit money so America can buy an infinite amount of stuff without paying for any of it!
The U.S. Government is printing counterfeit money by borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!
I think China should agree to stop stealing America's intellectual property if America would agree to stop stealing China's real property!
The U.S. Government is committing a fiscal and accounting fraud that is printing counterfeit money by not using proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting and as a result is reporting a FY2020 Cash deficit of $1.02 Trillion when the real deficit in FY2020, the GAAP deficit, is estimated to be $6.13 Trillion!
The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, by not using proper GAAP Accounting!
The U.S. Government is not telling the truth!
The U.S. Government is printing counterfeit money by spending and committing to spend money that it does not have! GAAP basis deficit spending by the U.S. Government prints counterfeit money and gives it to the U.S. upper class! So far, this fraud has printed $126.3 Trillion of counterfeit money and given it to the U.S. upper class!
This fraud was started in 1969 when Lyndon Baines Johnson proposed, and Congress approved the Unified Budget! Since 1969, the U.S. Government has printed $126.3 Trillion of counterfeit money so Americans can buy stuff without having to pay for it!
Americans are buying stuff with $126.3 Trillion of money, I call it imaginary-counterfeit money, that has been fraudulently borrowed from the future Americans!
The U.S. Government is being run by Common Criminals!
The U.S. Trade Imbalance would evaporate immediately if the U.S. Government would start telling the financial truth! If the U.S. Government was telling the financial truth, America would not be able to buy much of anything from China or from anybody else!
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org October 14, 2019
This counterfeit money, I call it imaginary-counterfeit money currently $126.3 Trillion, will evaporate into the “thin air” from whence it came when USAPonzi implodes!
This is the biggest ($126.3 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White