Chip Shortage Insanity Reaches White House 210923
September 23, 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 9/23/21
The Chip Shortage Crisis has now gotten the attention of the White House and President Biden has called a virtual meeting today to try to resolve this issue!
This could be a very short meeting if I could just tell them that this chip shortage is caused by the corrupt U.S. Government fraudulently borrowing $156.5 Trillion of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class so the current Americans can fraudulently buy a whole-hell-of-a-lot chips, cars, houses, etc. etc. with monopoly money!
When the corrupt U.S. Government prints counterfeit money faster than Planet Earth can produce and deliver chips, we are going to experience a gigantic chip shortage!
I certainly hope this impressive collection of senior executives that President Biden is calling together today can figure out a solution to this problem!
The solution is that the corrupt U.S. Government must stop printing imaginary-counterfeit money and giving it to the U.S. upper class!
The Wall Street Journal
Supply-Chain Crunch, Chip Shortage Focus of White House Meeting
Biden administration hosts gathering expected to include Apple, Ford, GM and Intel as it seeks information on bottlenecks
By Alex Leary
Sept. 23, 2021
WASHINGTON—The Biden administration is seeking more information from companies struggling with the global shortage of semiconductors, an effort designed to increase transparency in supply chains and ease bottlenecks.
I am a whistleblower! The U.S. Government is corrupt! 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 $156.5 Trillion 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!
The following chart 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 Americans can buy a whole-hell-of-a-lot-more stuff with a Quadrillion dollars of imaginary-counterfeit money!
The corrupt and criminal U.S. Government is fraudulently printing an infinite amount of imaginary-counterfeit money so Americans can buy more stuff than Planet Earth can produce and deliver!
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
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org September 23, 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