"Breaking the Golden Rule"
December 15, 2016
The U.S. Government is "Breaking the Golden Rule". The U.S. Government is committing fiscal and accounting fraud to cheat the U.S. Common Man and the rest of the planet. The U.S. Government is borrowing monopoly money from the future Americans and giving it to the current Americans (See Open Letter to Planet Earth).
One of the fundamental tenets of the Christian faith is taken from Luke 6:31 and is referred to as "The Golden Rule". While translated many different ways, I learned it as:
"do unto others as you would have others do unto you"
This statement, in my mind, should have universal acceptance by all faiths and all people. But the U.S. Government does not abide by that rule because it wants to buy stuff it can't afford, overpay itself, and enrich its U.S. upper class friends.
In 1965, the comic strip "The Wizard of Id" came up with another version of the golden rule:
"whoever has the gold makes the rules"
Unfortunately, the U.S. Government is operating under the satirical version rather than the biblical version of "The Golden Rule".
The U.S. Government has been operating with a dramatically unbalanced budget that is creating monopoly money out of "thin air" by borrowing it from the future Americans and giving it to the current Americans. The U.S. Government is creating its own version of "gold" so that it can "make the rules". The U.S. Government has so far created $104.5 Trillion of monopoly money so that America can "make the rules"! When the U.S. Government needs more "gold" it just borrows some more monopoly money from the future Americans and is doing so at the rate of $15.5 Billion a day! America has gone Rogue!
Implementing this fraud required two significant rule changes and these rules were changed by two consecutive Presidents; Johnson and Nixon. Lyndon Baines Johnson introduced the "Unified Budget" in 1968 that allowed the U.S. Government to borrow monopoly money from the future Americans and Richard Nixon quickly recognized in 1971 that if the U.S. Government was going to "print" monopoly money, because of the Unified Budget, the price of gold could not remain fixed at $35 per ounce. The price of gold has increased dramatically over the last half century (today $1,128.40) largely because the U.S. Government has created $104.5 Trillion of monopoly money since the Unified Budget was implemented in FY1969 (See Inflation-A Byproduct of USAPonzi).
These two actions, by a President from each party, have set rules that favor all Americans over the rest of the Planet, dramatically favors the U.S. ruling over the U.S. Common Man, and colossally favors the U.S. upper class over the U.S. Common Man. The U.S. Government is using fiscal and accounting fraud to overpay itself and enrich its U.S. upper class friends.
By operating with a dramatically unbalanced budget, the U.S. Government is fraudulently borrowing money from the future Americans and distributing it the current Americans by giving some of it to the U.S. Common Man by paying government benefits that are unaffordable, giving some of it to the U.S. ruling class by paying government employees dramatically more than are affordable, and giving most of it to the U.S. upper class by colossally undertaxing them.
The U.S. Government is using fiscal and accounting fraud to achieve economic, political, social(?), and military advantage over the rest of the Planet. I call this fraud USAPonzi since it is a classic Ponzi scheme that is borrowing monopoly money from the future Americans to enhance the lifestyle of the current Americans.
When sovereign entities sponsor a currency that is used for international trade, it is imperative that they use GAAP Accounting (Generally Accepted Accounting Principles) and operate with a nominally balanced budget so that trading partners can "trust" their currency. The "gold standard" was a form of regulation but it is hard to tie value of all money directly to a limited quantity item like gold. However, GAAP Accounting, or its equivalent, should prevent the kind of fraud that the U.S. Government is currently committing.
The U.S. Government has now distributed $104.5 Trillion of monopoly money that Americans are using to buy stuff that they really cannot afford with this fraudulently borrowed money. We are Filling the Planet with Junk that is being purchased with monopoly money.
We now have a President-elect that is a Billionaire, because of this fraud, with children that are looking for $20 Million mansions in Washington, DC so that they can hold court over this corrupt U.S. Government. The U.S. upper class is living in opulence, especially the super elite, while workers around the Planet are struggling to eke out a living making products for Americans to buy with monopoly money produced by this fraud.
America has gone Rogue! America is "Breaking the Golden Rule"!
This monopoly money (currently $104.5 Trillion) will evaporate into the “thin air” from whence it came when USAPonzi implodes (See The Implosion of USAPonzi).
The U.S. Government must get back to the biblical version of "The Golden Rule" and start treating the U.S. Common Man and the rest of the Planet fairly.
This fraud is explained in much more detail on my website www.usaponzi.com and in my book “USAPonzi” which is available on Amazon in Kindle and Paperback formats.
This is the biggest ($104.5 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and it is “The Biggest Ponzi Scheme on the Planet”!