Shutdown a Shocking Sneak Preview 190124
January 24, 2019
America, take a good look at what is happening to 800,000 U.S. Government workers because of the current U.S. Government Shutdown!
The current U.S. Government Shutdown is a Shocking Sneak Preview of what will happen to the entire United States of America when the U.S. Government finally admits to the accounting fraud that I call USAPonzi!
The U.S. Government is running a 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!
The corrupt and criminal U.S. Government has already printed $122.2 Trillion of monopoly money and given it to the U.S. upper class and is giving them $16.7 Billion more monopoly money every day! This is a $122.2 Trillion accounting fraud that is being conducted in plain sight by the U.S. Government!
The U.S. Government is not operating its fiscal policy with proper GAAP Accounting (Generally Accepted Accounting Principles)!
Because of this $122.2 Trillion accounting fraud, the United States of America is running headlong toward a financial and economic cliff, while wringing our hands about 800,000 Americans that are out of money, when we are about to tumble into a financial and economic abyss where 156,000,000 Americans will be out of money!
The U.S. Government has made unaffordable benefit promises to the U.S. general public that it has fraudulently underfunded by $100.2 Trillion!
When the U.S. Government stopped paying 800,000 U.S. Government workers because of the Government Shutdown that began on December 22, 2018, many of them were faced with an almost immediate (2-4 weeks) financial crisis! Getting food for their kids quickly became an urgent need! Paying their rent, making their house payment, making their car payment, and buying gas for their car so they can get to work for which they are not being paid, all became serious problems! How can they cope when they are not being paid?
For the last 49 years, the U.S. Government has been promising that it will pay U.S. Government benefits (Social Security, Healthcare, Veteran's benefits, Government Pensions) that it has not been properly funding! www.usdebtclock.org estimates that these benefits are currently underfunded by $100.2 Trillion (US Unfunded Future Liabilities)! The U.S. Government has had to borrow money, so far $22.0 Trillion (National Debt), so that it can continue paying these unaffordable and unfunded benefits along with its other bills!
When the U.S. Government finally admits that it has been making U.S. Government benefit promises that it cannot keep, the number of people that will not be paid as expected will increase from the current 800,000 U.S. Government employees to 156,000,000 Americans!
Americans counting on
Let's do a “back of the envelope” test!
The U.S. Government has promised 156 Million people that collectively it will pay them Unfunded Benefits of $100.2 Trillion (an average of $641,000 each) that it has not accrued for, owes its debt holders $22.0 Trillion (National Debt), is overspending its Cash budget in FY2019 by $860 Billion, and is overspending its GAAP budget in FY2019 by $6.08 Trillion?
How many of these 156 Million people will get their $641,000 of promised benefits?
The answer is; not very many!
The U.S. Government is lying to and cheating the U.S. general public by falsely promising them future U.S. Government benefits that it has no intention or capability to pay!
The problem is this; instead of accruing the money to pay for these future benefits to the general public, the corrupt and criminal U.S. Government has given the U.S. upper class $122.2 Trillion of imaginary-counterfeit money!
The corrupt and criminal U.S. Government is fraudulently enriching the upper class and cheating the general public by committing fiscal and accounting fraud!
When the U.S. Government runs out of money (it is actually already out of money), a lot of Americans (most of the 156,000,000) will be in serious financial trouble! The U.S. Government has already made $122.2 Trillion (US Unfunded Liabilities (GAAP)) of financial commitments that it cannot keep!
The U.S. Government has committed a $122.2 Trillion criminal act by deferring $122.2 Trillion of public liabilities to the future Americans that can never be paid!
The U.S. Government fiscal and accounting fraud, that I call USAPonzi, is masking a massive economic and financial crisis that is on the verge of creating a global economic meltdown that will likely be much more serious than “The Great Depression”!
The current U.S. financial leverage is, according to my estimate, 4.3X greater, as a percent of GDP, than it was in 1929 when “The Great Depression” first started (See U.S. Total Financial Leverage 4.3X 1929)!
This accounting fraud is not only setting the stage for a financial and economic crisis of epic proportions, it is also Destroying Planet Earth because we are filling Planet Earth with an unending and ever-increasing number of environment-polluting physical objects that are being bought, built, and operated with this unending and ever-increasing stream of imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!