Making Something out of Nothing!
May 25, 2016
The U.S. Government has come up with a financial fraud that makes "Something out of Nothing"! The U.S. Government has created $102.2 Trillion of counterfeit wealth by committing fiscal and accounting fraud. The U.S. Government is creating counterfeit wealth for many of the principals in the U.S. Government and for their rich friends in the U.S. upper class.
The U.S. Government has determined that if they assume massive public liabilities they can appear to make themselves and their rich friends really wealthy. They have been committing this fraud for now 47 years and as a result have created USAPonzi the "Ultimate Government Fraud"!
The U.S. upper class is appearing to get extremely wealthy because the U.S. Government is borrowing imaginary-counterfeit money from the future U.S. taxpayers so that they can overpay themselves and make their rich friends appear to be really wealthy by undertaxing them.
The U.S. Government is corrupt!
The U.S. Government is committing fiscal and accounting fraud!
The U.S. Government is being run by a bunch of crooks!
The U.S. Government is running a massive ($102.2 Trillion) Ponzi scheme that I have named USAPonzi.
The U.S. Government is creating counterfeit wealth for themselves and their rich friends by operating this massive Ponzi scheme. This counterfeit wealth is created out of "thin air". There is no wealth produced, the U.S. Government is using accounting fraud to transfer massive but imaginary and counterfeit money from the pockets of the future U.S. taxpayers into the pockets of the current U.S. citizens and businesses.
This scheme is so massive that, if continued, it will transfer an infinite amount of imaginary-counterfeit money from the future U.S. taxpayers to the current U.S. citizens and businesses. This is why the rich have big houses, big cars, big boats, and big airplanes. This is why we have the "Wealth Gap".
All Americans are using imaginary-counterfeit money that is borrowed from the future U.S. taxpayers to buy a lot of stuff that we cannot afford.
We have a bunch of scoundrels, liars, and cheaters running the U.S. Government. America is not more prosperous and productive than other parts of the planet, we just have more effective crooks running our government than most countries.
This fraud is not creating any wealth at all. It is creating imaginary and counterfeit money with a fraudulent fiscal policy and accounting system.
Public debt becomes counterfeit private wealth for the U.S. upper class and counterfeit purchasing power for all Americans.
|Cash Deficit in FY2016
|GAAP Deficit in FY2016
|Unfunded Future Liabilities
|| $82.9 Trillion
|US Unfunded Liabilities (GAAP)
|| $102.2 Trillion
|Total National Assets
|| $123.8 Trillion
Source: www.usdebtclock.org May 25, 2016
The U.S. Government has created "Something out of Nothing"; by incurring $102.2 Trillion of public liabilities the U.S. Government has produced $102.2 Trillion of imaginary-counterfeit wealth.
This is the biggest ($102.2 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!
The financial data presented in this commentary were sourced from www.usdebtclock.org as of May 25, 2016.