More and Bigger Pickup Trucks by Fraud 190212
February 12, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 2/12/19
Heavy duty: Detroit's 'Big Three' automakers roll out biggest pickups this year
By TOM KRISHER
Posted: 10:01 AM, February 05, 2019
Updated: 10:01 AM, February 05, 2019
Pickups from the Detroit automakers were the three top-selling vehicles in the U.S. last year, totaling more than 2 million in sales. Heavy-duty versions, with bigger frames, beds, interiors and engines, make up about 30 percent of that. They’re for those who need to tow and haul big things. Most buyers pull trailers with heavy items including boats, horses and recreational campers that can weigh around 10 tons. Many are used to pull trailers laden with equipment to job sites.
The above article demonstrates the impact the U.S. Government accounting fraud, that I call USAPonzi, is having on the automotive industry! The “Big Three” automakers are selling more and more and bigger and bigger trucks because the U.S. Government is printing more and more counterfeit money every day so we can buy more and bigger trucks!
The U.S. Government is in the process of printing an infinite amount of counterfeit money so we can buy an infinite number of cars and trucks (and an infinite number of everything)!
The U.S. Government is committing fiscal and accounting fraud by not using proper GAAP accounting (Generally Accepted Accounting Principles) and as a result is printing counterfeit money at the current rate of $16.7 Billion a day (GAAP Deficit in FY2019 of $6.09T/365 days = $16.7B/day) to now a total of $122.6 Trillion (US Unfunded Liabilities (GAAP))!
The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently and continuously borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class with GAAP basis deficit spending! I call this fraudulently borrowed money, imaginary-counterfeit money, since it does not exist (imaginary) and has no value (counterfeit)!
Automakers are selling more and bigger cars and trucks that Americans are buying with imaginary-counterfeit money that the U.S. Government is creating out of “thin air” by pretending to borrow it from the future Americans! Sadly, the future Americans do not have $122.6 Trillion!
The U.S. upper class has gotten super rich over the last 50 years and automakers have appeared to become more and more successful because the U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting (Generally Accepted Accounting Principles)!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|| $122.6 Trillion
|Total National Assets
Source www.usdebtclock.org Feb 12, 2019
The U.S. Government is fraudulently borrowing $16.7 Billion every day from the future Americans and giving it to the U.S. upper class by undertaxing them! This fraud was launched in FY1969 by LBJ when he convinced the U.S. Congress to adopt the Unified Budget! Since FY1969, the U.S. Government has fraudulently borrowed $122.6 Trillion from the future Americans and has given it to the U.S. upper class! This accounting fraud, that I call USAPonzi, is what is creating the wealth and income gap!
The 400 richest Americans own more than the bottom 150 million Americans
This accounting fraud is why America appears to be rich and prosperous, is why the U.S. upper class is getting richer and richer, and is why automakers can sell more and bigger cars and trucks; the U.S. Government is digitally printing imaginary-counterfeit money at an exponentially increasing rate and giving it to the U.S. upper class! GAAP basis deficit spending by the U.S. Government digitally prints imaginary-counterfeit money and gives it to the U.S. upper class!
This accounting fraud is in the process of Destroying Planet Earth because we are buying and building an unending and ever-increasing (infinite) number of environment-polluting physical objects, like pickup trucks, with an unending and ever-increasing (infinite) supply of imaginary-counterfeit money which is causing Global Warming that is Destroying Planet Earth!
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books USAPonzi, USAPonzi2, USAPonzi3, and my latest USAPonziA.
This is the biggest ($122.6 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White