USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Blackrock-Fink Stupidity by US Gov Fraud 211014
October 14, 2021
Emailed to United Nations, 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/CNBC/DMN on 10/14/21


Blackrock is worth essentially nothing!


Stupid
having or showing a great lack of intelligence or common sense.


Stupid is a harsh and critical word but the corrupt U.S. Government is stupidly causing Planet Earth to do and experience some really stupid even disastrous things! As an example, it is stupid and criminal for the corrupt U.S. Government to promise future benefits to the U.S. general public and not accrue the money to pay for these future benefits! As another example, it is stupid and criminal for the corrupt U.S. Government to burn up Planet Earth!


The stupid and criminal U.S. Government has fraudulently made Blackrock appear to resoundingly successful!


Blackrock CEO Larry Fink proudly but stupidly announced today that Blackrock financial results exceeded estimates!


What Larry Fink failed to mention is that Blackrock had great financial results because the stupid, incompetentcorrupt, and criminal U.S. Government is “printing counterfeit money”!


Blackrock has $9.5 Trillion of counterfeit assets under management because the stupid, incompetentcorrupt, and criminal U.S. Government has printed $157.8 Trillion of counterfeit money!


Blackrock, supposedly one of the
smartest financial management firms on the planet, has not yet discovered that the corrupt U.S. Government is printing counterfeit money so Americans can fraudulently buy a whole lot of stuff and charge it to the future Americans!


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of counterfeit money from the future Americans and giving it to the U.S. upper class so the current Americans can fraudulently buy an infinite amount of stuff without having to pay for it!


Just as a starter, the corrupt U.S. Government has already printed $157.8 Trillion of counterfeit money so we can fraudulently buy a whole lot of stuff without having to pay for it!


The U.S. Government is stupid, incompetent, corrupt, and criminal for promising future benefits to the U.S. general public and not taxing the
U.S. upper class to pay for these future benefits!


Blackrock and its CEO Larry Fink are stupid and incompetent for not recognizing the fact that the U.S. Government is stupid, incompetent, corrupt, and criminal!


NBC Squawk Box
BlackRock Q3 revenue, earnings beat Wall Street's expectations
CNBC's 'Squawk Box' breaks down BlackRock's latest third-quarter earnings, which beat Wall Street's expectations on the top and bottom line.


This is stupidity! This is stupidity on steroids!


Blackrock's earnings, market cap, and assets under management will all plummet to essentially zero when this U.S. Government stupidity, incompetence, corruption, and criminality is properly exposed!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $157.8 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them so the current Americans can buy a whole-hell-of-a-lot of stuff with monopoly money!


The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


This fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $157.8 Trillion and given it to the U.S. upper class!


This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy a whole-hell-of-a-lot more stuff with a Quadrillion dollars of imaginary-counterfeit money!






My 16th whistleblower letter to my congressman Van Taylor 211012 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of the corruption within the U.S. Government!


The fools on Wall Street have been fooled by the criminals in Washington! In the defense of Wall Street, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!

 

US National Debt  $28.9 Trillion 
Cash Deficit in FY2022  $3.00 Trillion 
GAAP Deficit in FY2022 
$7.30 Trillion 
US Unfunded Future Liabilities  $128.9 Trillion 
US Unfunded Liabilities (GAAP)  $157.8 Trillion 
Imaginary-Counterfeit Money 
$157.8 Trillion 
US Total National Assets 

$199.6 Trillion 

Source: www.usdebtclock.org October 14, 2021


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 be downloaded from my websites in pdf format.


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


John W. White

Plano, TX