Socializing Losses and Privatizing Gains 200420
April 20, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 4/20/20
The U.S. Government is committing a fiscal and accounting fraud that is in the process of fraudulently deferring an infinite amount of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans which is giving infinite imaginary-counterfeit wealth to the U.S. upper class!
This accounting fraud is "Socializing Losses and Privatizing Gains"!
I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting!
By not using accrual accounting, the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently 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!
By "Socializing Losses and Privatizing Gains" the U.S. Government is bailing out companies when they begin to show a significant loss and bailing out the U.S. general public when they lose their jobs!
The U.S. Government is bailing out companies and their employees that do not have a business model that makes them a going concern!
The U.S. Government is printing imaginary-counterfeit money, so far $144.5 Trillion, that makes many companies falsely appear to have a successful business model!
||US Unfunded Liabilities (GAAP)
||US Total National Assets
The U.S. Government has been running a classic Ponzi scheme for the last 51 years that can only be continued by the U.S. Government borrowing an infinite amount of money from the future Americans!
The U.S. Government is bankrupt because it has fraudulently borrowed $144.5 Trillion from the future Americans, that the future Americans can never pay, and given it to the U.S. upper class! The U.S. Government is itself not a going concern!
The U.S. Government is trying to keep the U.S. economy going by borrowing an infinite amount of money from the future Americans! That is just the nature of a Ponzi scheme!
The U.S. Government is Socializing Losses and Privatizing Gains!
The U.S. upper class is getting rich and the U.S. general public is getting screwed!
This U.S. Government accounting fraud is not only enriching the U.S. upper class and screwing the U.S. general public, it is causing Global Warming, it is causing the Coronavirus Pandemic, and it is causing the Death of Planet Earth!
The following are links to my whistleblower letters to Planet Earth and the U.S. Congress in an attempt to expose the fraud and corruption within the U.S. Government!
Whistleblower Letter #1 to Planet Earth
Whistleblower Letter #4 to the U.S. Congress
|US National Debt
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org April 20, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP).
I have written two websites (USAPonzi.com and USAPonzi.net) and seven books (the latest is USAPonziD which is available on Amazon) that explain this fraud and the impact it is having on Planet Earth!
John W. White