American Dream is a Hoax-a Malicious Lie-current
January 1, 2021
The American Dream is a hoax, a malicious lie that is being perpetrated by the corrupt U.S. Government!
The ideal by which equality of opportunity is available to any American, allowing the highest aspirations and goals to be achieved. Dictionary.com
The American Dream is a national ethos of the United States, the set of ideals in which freedom includes the opportunity for prosperity and success, as well as an upward social mobility for the family and children, achieved through hard work in a society with few barriers. Wikipedia
In FY1969, the U.S. Government destroyed any semblance of equal opportunity for all Americans by adopting the Unified Budget! The Unified Budget allowed the corrupt U.S. Government to promise future benefits to the U.S. general public but not tax the U.S. upper class to pay for these future benefits!
For the last 52 years, the corrupt U.S. Government has been lying to and cheating the U.S. general public by promising future benefits that it has no intention or capability to pay and has enriched the U.S. upper class by undertaxing them!
The corrupt U.S. Government is committing a fiscal and accounting fraud, by not using accrual accounting (GAAP Accounting), to enrich the U.S. upper class by cheating the U.S. general public!
This accounting fraud, I call it USAPonzi, has enriched the U.S. upper class by $156.5 Trillion (US Unfunded Liabilities (GAAP)) and underfunded the future benefits to the U.S. general public by $128.9 Trillion (US Unfunded Future Liabilities)!
The corrupt U.S. Government has created a $285.4 Trillion social injustice gap between the U.S. upper class and the U.S. general public (upper class wins ($156.5T) + general public loses ($128.9T) = social injustice gap ($285.4T))!
Does that look like equal opportunity for all???
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
|Cash Deficit in FY2021
|*GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org January 1, 2021
The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.
John W. White