Rags to Riches to Rags in America 201215
December 15, 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 12/15/20
I am going to tell you a story about how, in America, you can go from “Rags to Riches to Rags” in just a few years!
This is also a story about how America has devastated Planet Earth in just a half century!
What a great country we used to live in!
What a corrupt country we now live in!
America has moved the goal posts to enrich America and to colossally enrich the U.S. upper class! America has created a new currency, I call it the imaginary-counterfeit dollar, by using fraudulent accounting. The U.S. Government is borrowing imaginary-counterfeit money from the future Americans, giving it to the U.S. upper class, and pretending like it is real money! America is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!
America moved the goal posts in FY1969 when Lyndon Baines Johnson proposed, and the U.S. Congress approved the Unified Budget. The Unified Budget allowed the U.S. Congress to commit to and pay U.S. Government benefits but not accrue the money to pay future U.S. Government benefits!
This means that for the last 52 years the U.S. upper class has been getting rich with imaginary-counterfeit money and the U.S. general public has been getting cheated!
The U.S. upper class has been given $156.1 Trillion (imaginary-counterfeit dollars) by being undertaxed and the U.S. general public has been promised $128.7 Trillion (real dollars) of future U.S. Government benefits that have not been funded.
The money gained by the U.S. upper class, currently $156.1 Trillion, does not exist (it is both imaginary and counterfeit) but the corrupt U.S. Government has been pretending for the last 52 years that the future Americans will someday find an infinite pot of gold at the end of the rainbow and everything will be okay!
The fiscal policy of the corrupt U.S. Government is a classic Ponzi scheme, I call it USAPonzi, that is borrowing money, I call it 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!
For the last 52 years, the global economy has been operating on imaginary-counterfeit money and the corrupt U.S. Government has been fraudulently printing more imaginary-counterfeit money every day and giving it to the U.S. upper class by undertaxing them!
That is why I say that the U.S. Government is being run by a bunch of common criminals! They have stolen $156.1 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class by hoodwinking the U.S. general public and the rest of the planet!
Now let's get back to the story that I promised at the beginning of this commentary.
“Rags to Riches to Rags in America”
This is a story about Brian Chesky CEO and cofounder of Airbnb.
The rise of Airbnb CEO Brian Chesky, who got his start renting out air mattresses on his floor and is now headed toward a blockbuster IPO
Avery Hartmans and Paige Leskin Dec 10, 2020, 11:00 AM
Brian Chesky didn't take a traditional route into the tech world: He's a former hockey player who studied industrial design in college.
He and cofounder Joe Gebbia had the idea for Airbnb in 2007: When a design conference came to town and all the hotels were booked up, they decided to rent out their apartment for those who needed a place to stay.
Airbnb, then called Airbedandbreakfast.com, officially launched in August 2008. Now, 12 years later, Airbnb is headed toward an initial public offering.
Chesky, Airbnb's CEO, is worth an estimated $3.1 billion these days.
Brian Chesky has gone from “rags to riches” because the U.S. Government is corrupt!
Brian Chesky will go from “riches to rags” when this U.S. Government corruption is exposed!
After the IPO of Airbnb on Dec 10, 2020 Brian Chesky had an apparent net worth of $11 Billion of imaginary-counterfeit dollars because Americans are renting out their homes to people that have $156.1 Trillion of imaginary-counterfeit dollars that the corrupt U.S. Government has fraudulently borrowed from the future Americans!
Brian Chesky will have a net worth of ZERO real dollars when this U.S. Government fiscal and accounting fraud that I call USAPonzi is properly exposed! When USAPonzi is exposed, the imaginary-counterfeit money, currently $156.1 Trillion, will evaporate into the “thin air” from whence it came!
Brian Chesky started with nothing and will end up with nothing!
Brian Chesky and many other imaginary-counterfeit millionaires and imaginary-counterfeit billionaires are in for a rude awakening when the U.S. Government has to start telling the financial truth!
The corrupt U.S. Government is printing monopoly money, so far $156.1 Trillion, so Americans can travel and vacation by spending the future Americans' money!
See Airbnb Miracle/Debacle.
Americans are riding in cars, flying on airplanes, sailing on cruise ships, and renting through Airbnb by spending the $156.1 Trillion of imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!
GAAP basis deficit spending by the U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!
The following commentaries explain how the corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!
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)
|Total National Assets
Source: www.usdebtclock.org December 15, 2020
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting 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