Airplane Crashes caused by US Gov Fraud 190313
March 13, 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 3/13/19
Indonesia Lion Air plane crash: flight JT610 plunges into waters off Jakarta
October 29, 2018
Ethiopian Airlines flight crashes, killing 157; plane same model as jet in Lion Air crash
March 10, 2019
Both of these crashes involved the new Boeing 737 Max 8 airliner!
I contend that the crashes of these airliners have been caused by U.S. Government accounting fraud!
The U.S. Government has fraudulently borrowed $123.0 Trillion of imaginary-counterfeit money from the future Americans so Boeing (and Airbus) can build a hell-of-a-lot of airplanes!
The U.S. Government is printing counterfeit money faster than the airline industry can train pilots and airplane mechanics!
The U.S. Government has created an Airplane Bubble by printing counterfeit money! The airline industry has built many, many more airplanes than the real economy can afford and safely absorb!
The U.S. Government is committing a fiscal and accounting fraud that is fraudulently printing counterfeit money that has dramatically accelerated the consumption rate for everything all over planet earth. The U.S. Government has already printed $123.0 Trillion of counterfeit money and is printing another $16.7 Billion more counterfeit money every day!
This accounting fraud is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, that the planet is using to build, buy, operate, and consume an infinite number of everything; including airplanes!
The U.S. Government has a divergent fiscal policy that is printing an exponentially increasing amount of imaginary-counterfeit money! When this fiscal policy is extended to its limit condition, this means that, in theory, eventually everyone on Planet Earth will be able to afford their own personal Boeing 737 Max 8!
This U.S. Government accounting fraud is allowing Boeing to build an ever-increasing number of airplanes that more and more people appear to be able to fly on so more and more people that are lesser and lesser trained will be operating and maintaining these airplanes!
There are very few people on Planet Earth that can afford to fly on an airplane today with real earned income! Almost everybody on Planet Earth is paying for their flights with imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans!
As soon as the U.S. Government starts telling the financial truth, almost all airplanes will be grounded and Boeing will not make many new airplanes for many, many years!
The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it 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!
GAAP basis deficit spending by the U.S. Government digitally prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! When the U.S. Government assumes public liabilities, the private sector gains imaginary-counterfeit private assets! The U.S. Government has fraudulently assumed $123.0 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) and the U.S. upper class has gained $123.0 Trillion of imaginary-counterfeit money!
When the upper class spends their imaginary-counterfeit money, everybody can earn and spend imaginary-counterfeit money!
The U.S. Government is printing imaginary-counterfeit money by borrowing it from the future Americans so a lot of people can fly on airplanes without have to pay a plugged nickel of earned income! The U.S. Government is printing imaginary-counterfeit money faster than the airline industry can properly train pilots and mechanics!
The U.S. Government has fraudulently borrowed $123.0 Trillion of imaginary-counterfeit money from the future Americans so Boeing can build a hell-of-a-lot of airplanes!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org March 13, 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 ($123.0 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White