Power Shortages caused by US Gov Fraud 210219
February 19, 2021
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 2/19/21
In this commentary I will explain why I contend that the U.S. Government fiscal and accounting fraud that I call USAPonzi is causing power shortages!
The U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) and as a result is not accruing for future benefits to the U.S. general public! When the U.S. Government does not accrue for future benefits, the cost of these benefits are deferred to the future Americans and the U.S. upper class is undertaxed.
This has the effect of borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!
This fiscal policy has produced a classic Ponzi scheme, I call it USAPonzi, that is in the process of borrowing an infinite amount of money, I call it imaginary counterfeit money, from the future Americans and giving it to the U.S. upper class. Printing this infinite supply of imaginary-counterfeit money is what is causing Global Warming. The U.S. Government is printing an infinite amount of imaginary-counterfeit money so the entire planet can buy and build an infinite number of environment polluting physical objects (EPPO).
This is explained in more detail in my commentary Causing Global Warming!
Borrowing an infinite amount of money from the future Americans and giving it to the U.S. upper class is not only causing Global Warming it is putting in place environment polluting physical objects that typically require some source of power or fuel to operate smartphones, computers, TVs, cars, airplanes, houses, condos, apartments, medical facilities, sports arenas, etc. etc. etc.
Since the U.S. Government is printing an unending and ever-increasing (infinite) amount of imaginary-counterfeit money so that we can buy and build and unending and ever-increasing (infinite) number of environment polluting physical objects, these physical objects will require an unending and ever-increasing (infinite) amount of power and fuel to operate these physical objects.
The following chart shows how the corrupt U.S. Government is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans so Planet Earth can buy and build an infinite amount of environment polluting physical objects (EPPO) that consume an infinite amount of power and fuel (PF).
Author's Note: These charts are notional but do show imaginary-counterfeit money that approximates the estimate by www.usdebtclock.org! These charts make the assumption that people will start buying stuff with imaginary-counterfeit money five years after the U.S. Government prints the money and that they will on average start using power and fuel two years after the assets are bought and built.
Author's Note: The curve for imaginary-counterfeit money in these charts was derived from an initial value of Unfunded Liabilities in 1969 of $1 Trillion and a compound rate of increase of 10.024% to match the usdebtclock.org estimate of $159.5 Trillion on Feb 18, 2021! This 10% growth rate is similar to the growth rate of the stock market over the last half century! The stock market is going up because the corrupt U.S. Government is borrowing imaginary-countefeit money from the future Americans! The U.S. upper class is getting rich because the corrupt U.S. Government is borrowing imaginary-counterfeit money from the future Americans!
In theory, the U.S. Government can print an infinite amount of imaginary-counterfeit money, but Planet Earth cannot produce an infinite amount of power and fuel!
If the corrupt U.S. Government were to continue to operate its fiscal policy with the classic Ponzi scheme that I call USAPonzi, imaginary-counterfeit money will continue to increase exponentially and would follow a trajectory over the next ten years similar to the one shown in the following chart!
This projection would imply that imaginary-counterfeit wealth of the U.S. upper class could more than double over the next decade, the number of cars, airplanes, houses, etc. etc. could double over the next decade, and the demand for power and fuel could also double over the next decade!
The U.S. upper class is getting filthy rich because the corrupt U.S. Government is fraudulently borrowing money from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government is burning up Planet Earth by printing an infinite amount of imaginary-counterfeit money so we can buy and build an infinite amount of stuff that requires an infinite amount of power and fuel to keep it operating!
The corrupt U.S. Government has got to stop this Ponzi scheme that is in the process of printing an infinite amount of imaginary-counterfeit money!
GAAP Accounting shows that the corrupt U.S. Government has already borrowed $159.5 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans to dramatically accelerate the global consumption rate and it does not take a genius to realize that the future Americans can never pay back this $159.5 Trillion!
GAAP Accounting, properly applied, will restrict how much the U.S. Government can reasonably borrow from the future Americans!
That is why we are having severe power shortages, every day we have more imaginary-counterfeit money, more stuff, and a demand for more power and fuel!
And the corrupt U.S. Government is causing this crisis by committing a fiscal and accounting fraud!
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
|Cash Deficit in FY2021
|*GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org February 19, 2021
The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi 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