All-Time Highs in the Stock Market
October 20, 2017 Emailed to WSJ/NYT/DMN on 10/20/17
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times” and “The Dallas Morning News” that again explains why stocks are hitting "All-Time Highs"!
The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “dramatically feather the nests of their upper-class friends”!
All-Time Highs in the Stock Market
October 20, 2017
The stock market is hitting “All-Time Highs” because the U.S. Government is corrupt!
We repeatedly hear someone on CNBC say that this stock or that stock just hit an all-time high! This is an inevitable but fraudulent outcome for the stock market. The U.S. Government is stuffing fake money into the pockets of Americans with fraudulent accounting. Americans are getting rich because the U.S. Government is corrupt. The U.S. Government is borrowing imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class (See American Accounting Fraud).
The U.S. Government is borrowing money from the future Americans, that the future Americans do not have, and giving it to the U.S. upper class. That is why I call this fraudulently borrowed money imaginary-counterfeit money; it does not exist (it is imaginary) and therefore it has no value (it is counterfeit)!
As of today, October 20, 2017, the U.S. Government has borrowed $108.6 Trillion of imaginary-counterfeit money (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class. The U.S. Government is giving the U.S. upper class $15.5 Billion more imaginary-counterfeit money every day (GAAP Deficit in FY2018 = $5.65T/ 365 = $15.5B).
Americans are cheating each other and the rest of the planet by buying stuff with imaginary-counterfeit money that the corrupt U.S. Government has created out of “thin air” with fraudulent accounting!
The U.S. Government is operating a Ponzi scheme so the U.S. upper class will get richer and richer and the stock market will go higher and higher with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!
This chorus of “All-Time High” comments will continue until the U.S. Government starts using honest Accounting!
The U.S. Government is corrupt!
The U.S. Government is using fraudulent accounting to enrich the U.S. upper class and cause the stock market to go ever higher! The only problem is that this is monopoly money, I call it imaginary-counterfeit money, that is enriching the U.S. upper class and causing the stock market to go up because the future Americans can never pay the now $108.6 Trillion of public liabilities!
The U.S. upper class gets rich and the stock market goes up because the U.S. Government has assumed $108.6 Trillion of public liabilities that can never be paid! This is fraud!
This U.S. Government accounting fraud has produced a classic $108.6 Trillion Ponzi scheme!
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Oct 20, 2017
To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.
I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015) and “USAPonzi2” (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This fraud/Ponzi scheme is also explained in “short story style” in my October 1, 2017 commentary USAPonzi CliffsNotes and in my October 8, 2017 commentary USAPonzi Elevator Speech.
This is the biggest ($108.6 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White