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

Goldman Sachs-Fools or Criminals? 201113
November 13, 2020
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 11/13/20


Hopefully, Goldman Sachs has been fooled by the $155.5 Trillion U.S. Government accounting fraud that I call USAPonzi! It is better to be a fool than a criminal!


Goldman sees the S&P 500 rallying to 4,300 by end of 2021 on vaccine, divided government
PUBLISHED WED, NOV 11 20207:24 AM EST


The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020.


This is the kind of foolish prediction that can be made when one assumes that a Ponzi scheme (USAPonzi) will continue to operate indefinitely!


The people at Goldman Sachs that made this prediction, are either fools or they are common criminals that have agreed to conspire with the corrupt U.S. Government to enrich themselves, the U.S. ruling class, and the U.S. upper class by cheating the U.S. general public!


Because the U.S. Government is operating it fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting), it is not accruing the money to pay for the future benefit promises it has made to the U.S. general public! This corrupt fiscal policy is enriching the U.S. upper class by not taxing them for the future benefit promises and is cheating the U.S. general public by not accruing the money to pay the future benefits!


So, Goldman Sachs which is it? Are you fools or criminals?


Goldman Sachs
, the highly respected multinational investment bank and financial services company, apparently has no clue that the global economy and financial system is operating on imaginary-counterfeit money that the corrupt U.S. Government is fraudulently and continuously borrowing from the future Americans by using fraudulent accounting and giving it to the U.S. upper class!


Hopefully, Goldman Sachs has been fooled by this U.S. Government fiscal and accounting fraud! The corrupt U.S. Government is causing the stock market to continuously go up because the corrupt U.S. Government is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


The corrupt U.S. Government is fraudulently creating massive imaginary-counterfeit private wealth, so far $155.5 Trillion, for the U.S. upper class by assuming $155.5 Trillion of public liabilities!


This is a $155.5 Trillion fraud!


The corrupt U.S. Government has created $155.5 Trillion of monopoly money, I call it imaginary-counterfeit money, out of “thin air” by deferring public liabilities to the future Americans! The U.S. upper class is getting filthy rich with imaginary-counterfeit money because the U.S. Government is corrupt


The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting/accrual accounting)! The corrupt U.S. Government is not accruing the money to pay the future benefits that the U.S. Government has promised to the U.S. general public!


The corrupt U.S. Government is enriching the U.S. upper class by borrowing monopoly money from our kids and our grandkids!


The financial experts at Goldman Sachs would be advised to read and heed my November 2, 2020 commentary USAPonzi-The Blackest Black Swan!


See USAPonzi-The Great American Fraud!
See Whistleblower Letter #6 to the U.S. Congress!
See Quintet of Global Crises (Economy, Climate, Health, Hunger, and Depression)!

 

US National Debt  $27.2 Trillion 
Cash Deficit in FY2021  $3.19 Trillion 
GAAP Deficit in FY2021  $7.30 Trillion 
US Unfunded Future Liabilities  $128.3 Trillion 
US Unfunded Liabilities (GAAP)  $155.5 Trillion 
Imaginary-Counterfeit Money  $155.5 Trillion 
US Total National Assets  $156.3 Trillion 

Source: www.usdebtclock.org November 13, 2020
*
GAAP Deficit-current


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this Ponzi scheme/fraud 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
Plano, TX