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

Pickup Trucks: Infinite, Huge, and Expensive! 201021
October 21, 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 10/21/20


Pickup Trucks are Getting Huge, Expensive, and Plentiful!
(A Billion Stolen Cars and Trucks!)


The Wall Street Journal

Pickup Trucks Are Getting Huge. Got a Problem With That?
America’s hardest-working status symbols, pickups are exploding in size and eating up roadways. Dan Neil questions these behemoths’ styling...and safety.
By Dan Neil Aug. 1, 2020 12:00 am ET


Pickups are getting huge!



Road/Show
GMC Hummer EV revealed with 1,000 hp, 0-60 in 3 sec for $112,595
Hummer's electric pickup launches as a fully loaded Edition 1 trim with removable roof panels, wheel steering with CrabWalk mode and standard Super Cruise.
Daniel Golson Oct. 21, 2020 10:45 a.m. PT


Pickups are getting expensive!



Pickups are getting bigger, more expensive, and more plentiful because the U.S. Government is corrupt!


The corrupt U.S. Government has stolen enough money from the future Americans to build
a billion cars and trucks!


The corrupt U.S. Government has fraudulently borrowed $155.1 Trillion from the future Americans so the current Americans can buy more and more pickups, buy bigger and bigger pickups, and pay more and more for their pickups!


The corrupt U.S. Government is committing a fiscal and accounting fraud, by not using proper GAAP Accounting (accrual accounting), that is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans, money the future Americans do not have, so the current Americans can buy an infinite number of bigger and more expensive pickups!


See USAPonzi-The Great American Fraud and Inverting the Global Monetary System for an explanation of how this fiscal and accounting fraud works! 


The entire planet seems to have been fooled by this $155.1 Trillion U.S. Government fiscal and accounting fraud that I call USAPonzi!


The automobile companies are making a huge mistake by gearing up to build huge and expensive cars and trucks! I estimate that Planet Earth has mistakely built over 1 billion cars and trucks that have been paid for with imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans (See Planet Earth Junkyard: 1.12 billion stolen cars 200105)!


This imaginary-counterfeit money, currently $155.1 Trillion, will evaporate into the “thin air” from whence it came when USAPonzi implodes!


The corrupt U.S. Government is not only in the process of building an infinite number of cars and pickups by printing an infinite amount of imaginary-counterfeit money, the corrupt U.S. Government is also causing multiple global crises for Planet Earth


My Quintet of Global Crises commentary explains how this accounting fraud has caused three global crises (Social Injustice, Global Warming, and The Coronavirus Pandemic) and will cause at least two more global crises (The Hunger Pandemic and The Greatest Depression)!


 

US National Debt  $27.1 Trillion 
Cash Deficit in FY2021  $3.17 Trillion 
*GAAP Deficit in FY2021  $7.30 Trillion 
US Unfunded Future Liabilities  $128.0 Trillion 
US Unfunded Liabilities (GAAP)  $155.1 Trillion 
Imaginary-Counterfeit Money  $155.1 Trillion 
US Total National Assets  $154.8 Trillion 

Source: www.usdebtclock.org October 21, 2020
*GAAP Deficit-current


This accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government!


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.


John W. White
Plano, TX