Chapter 7 Creating Counterfeit Wealth
November 22, 2015
84% of U.S. Private Wealth is counterfeit money created by the GAAP basis deficit spending of USAPonzi.
The U.S. Government is creating counterfeit wealth and counterfeit prosperity for the United States of America by operating with a corrupt and fraudulent fiscal policy that is a massive Ponzi scheme (USAPonzi). .
According to usdebtclock.org Nov 22, 2015 this fiscal policy has produced a total of $99.8 Trillion of US Unfunded Liabilities (GAAP) since FY1969 when the U.S. Government adopted the Unified Budget. The current U.S. citizens and businesses have therefore been given $99.8 Trillion of counterfeit wealth because the U.S. Government did not collect the taxes required to pay for the Government's spending and committing to spend. Most of this counterfeit wealth will be gained by the upper class citizens and businesses since they would be the primary candidates to pay these taxes.
The following analysis will assess just how much this Ponzi scheme fiscal policy is enhancing the private net worth of the U.S. citizens and businesses.
According to usdebtclock.org Nov 22, 2015 we have the following:
private net worth = US Total Assets = $118.7 Trillion
public liabilities = US Unfunded Liabilities (GAAP) = $99.8 Trillion = counterfeit money
Therefore 84% of US private net worth is counterfeit money ($99.8T/$118.7T=0.84).
The U.S. Government is using a corrupt and fraudulent fiscal policy to make the U.S. upper class appear to be very wealthy and to make the U.S. appear to be very prosperous simply by undertaxing the U.S.citizens and businesses and incurring public liabilities.
This fiscal policy will create an infinite amount of public liabilities and eventually will create an infinite amount of Debt. There is surely a limit to the amount of U.S. Government debt that the public will buy from a corrupt and fraudulent Washington D.C.
Financial data sourced from usdebtclock.org Nov 22, 2015.
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