The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"                     USAPonzi                                      by John W. White   Mar 29, 2013

GM tops estimates on strong sales of crossovers
April 27, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 4/26/18


The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why “General Motors tops estimates on strong sales of crossovers”! General Motors is selling a lot of automobiles because the corrupt and criminal U.S. Government is “Cooking the Books by $113.0 Trillion


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”!


The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!


GM tops estimates on strong sales of crossovers
April 26, 2018


General Motors tops estimates on strong sales of crossovers
The largest U.S. automaker's earnings beat was fueled by strong sales of crossovers, particularly in North America.
GM says earnings and revenue fell from last year because of its efforts to retool its factories for hot-selling trucks.
Robert Ferris | @RobertoFerris
April 26, 2018


General Motors is building automobiles for the automobile grave yard!


General Motors is selling a lot of automobiles because the U.S. Government is corrupt! The corrupt and criminal U.S. Government is “Cooking the Books” so General Motors can sell a lot of automobiles! The U.S. Government is operating its fiscal policy with cash accounting rather than the proper accrual accounting! Because of this accounting fraud, the corrupt and criminal U.S. Government has fraudulently borrowed $113.0 Trillion from the future Americans and given it to the U.S. upper class!


U.S. Government fiscal and accounting fraud is filling the planet with automobiles!


General Motors will not build many automobiles for a very long time after this U.S. Government fraud is exposed!


The corrupt and criminal U.S. Government is committing fiscal and accounting fraud to enrich the U.S. upper class and give Americans the money to buy automobiles with $113.0 Trillion of imaginary-counterfeit money! Most Americans are driving automobiles without having to pay for their automobiles with real money that they have earned. They simply use the imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans.


This fraud is explained in more detail in my “Cooking the books by $113.0 Trillion” commentary posted on April 25, 2018.


The corrupt and criminal U.S. Government is simply borrowing non-existent money from the future Americans and giving it to the U.S. upper class! GAAP basis deficit spending is digitally printing imaginary-counterfeit money and giving it to the U.S upper class!


General Motors is selling a lot of automobiles because the U.S. Government is corrupt and is digitally printing imaginary-counterfeit money so Americans can buy automobiles using monopoly money!


That is why General Motors has outstanding earnings!


General Motors and all other car makers have already built a whole hell-of-a-lot of automobiles that the real economy cannot support!


As soon as this U.S. Government fraud is properly exposed, General Motors will not be building many automobiles for a very long time! We will have automobiles sitting in garages and driveways all over the planet when this accounting fraud is exposed and eliminated! We already have automobiles coming out of our ears because of this fraud!


The stock market continually goes up because the corrupt and criminal U.S. Government is continually borrowing non-existent money, $16.4 Billion per day, from the future Americans and giving it to the U.S. upper class (GAAP Deficit in FY2018 = $6.00T/365 = $16.4B)! General Motors stock is just one of the many stocks that are dramatically overpriced because of U.S. Government fraud!


The global economy appears to be in synchronized expansion mode because people all over the planet are buying stuff with imaginary-counterfeit money that the corrupt and criminal U.S. Government is creating out of “thin air” with GAAP basis deficit spending! General Motors automobiles are being purchased with some of the $113.0 Trillion of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!


Because of this fiscal and accounting fraud that I call USAPonzi, Americans are filling the planet with junk bought and built with imaginary-counterfeit money so we do not have to pay for any of it! The corrupt and criminal U.S. Government has fraudulently deferred $113.0 Trillion of public liabilities to the future Americans to produce $113.0 Trillion of imaginary-counterfeit money! Automobiles are just one of the many kinds of junk that is being fraudulently purchased with fake money!


This fiscal and accounting fraud that I call USAPonzi, if it is allowed to continue, will produce an infinite amount of imaginary-counterfeit money so General Motors will be able to build an infinite number of automobiles! At that point, General Motors earnings should be fantastic!


This massive fraud/Ponzi scheme that I call USAPonzi was caused by Oswald shooting JFK (See The Oswald Financial Bubble)!


The corrupt and criminal U.S. Government is filled with scoundrels, liars, cheaters, and criminals!


To eliminate this massive fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.

 

National Debt  $21.2 Trillion 
Cash Deficit in FY2018  $0.74 Trillion 
GAAP Deficit in FY2018  $6.00 Trillion 
US Unfunded Future Liabilities  $91.8 Trillion 
US Unfunded Liabilities (GAAP)  $113.0 Trillion 
Imaginary-Counterfeit Money  $113.0 Trillion 
Total National Assets  $138.6 Trillion 

Source: www.usdebtclock.org April 27, 2018


This fraud/Ponzi scheme (USAPonzi) is explained on my websites www.usaponzi.com and www.usaponzi.net and in my books “USAPonzi”, “USAPonzi2”, and “USAPonzi3”!


This is the biggest ($113.0 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.


John W. White
Plano, TX