Stealing from Future Americans!
April 25, 2016
As Posted on www.usaponzi.com
|GAAP Deficit in FY2016
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|| $101.9 Trillion
Because the U.S. Government is operating with a Ponzi scheme fiscal policy (USAPonzi), it is continuously stealing money, a lot of money, from future Americans so that it can overpay itself and appear to make its upper class friends really rich. The U.S. Government is, in effect, treating the future U.S. taxpayers' tax revenue stream as an unlimited piggy bank to cover its spending and committing to spend. This is the signature attribute of a Ponzi scheme.
How does the U.S. Government steal this money? With GAAP basis deficit spending. The current U.S. taxpayers are undertaxed by the GAAP deficit ($5.79 Trillion in FY2016) and the future U.S. taxpayers are now stuck with the tax bill. This is grand larceny on a colossal scale. The U.S. Government, by using a corrupt and fraudulent fiscal policy, has stolen $101.9 Trillion (US Unfunded Liabilities (GAAP)) from future Americans, with GAAP basis deficit spending, so that it could overpay itself by $19.2 Trillion and make the U.S. upper class appear to be really rich by giving them this $101.9 Trillion of stolen money.
But this $101.9 Trillion of stolen money is also counterfeit money because the future Americans cannot pay the resulting tax bill and it is imaginary money because the U.S. Government pretends (imagines) that the future Americans will someday be able to come up with that money (See The Theory of Imaginary Money). Therefore, this money, stolen from the future Americans with GAAP basis deficit spending, is both imaginary and counterfeit; i.e. it is imaginary-counterfeit money.
The U.S. Government conducts this fraud by promising future Americans that it will pay them wonderful benefits in the future but it is not funding these promises. The U.S. Government is committing the biggest crime ever perpetrated by having already stolen $101.9 Trillion of imaginary-counterfeit money from future Americans and is continuing to steal $15.9 Billion more imaginary-counterfeit money from the future Americans every day with GAAP basis deficit spending (GAAP basis deficit in FY2016 of $5.79 Trillion/365 = $15.9 Billion).
This is why we appear to have so many Billionaires and Millionaires. The U.S. Government has "borrowed/stolen" $101.9 Trillion of imaginary-counterfeit money from future Americans so that it can undertax the U.S. upper class. This is why Donald Trump can fund his own campaign for president. This why the Clintons have a $2 Billion Foundation. This is why Goldman Sachs and other companies have paid Bill and Hillary $225,000 for 45-60 minute speeches. They truly appreciate the fact that the U.S. Government has made them really rich with this Government fraud (See Clinton/Trump: Getting Rich from Government Fraud).
Hillary Clinton has repeatedly been paid $225,000 in imaginary-counterfeit money by imaginary-counterfeit wealthy entities that have gotten super prosperous with the imaginary-counterfeit money that has been stolen from the future Americans by a corrupt U.S. Government every time she gives an imaginary-counterfeit speech to one of these imaginary-counterfeit wealthy entities.
The global economy is operating, and appearing to be very prosperous (at least the upper class), because the U.S. Government has created $101.9 Trillion of imaginary-counterfeit money by stealing it from future Americans with GAAP basis deficit spending.
This is why approximately 5 out of 6 cars and trucks on the road today have been purchased with imaginary-counterfeit money causing The Automobile Bubble.
This is why approximately 5 out of 6 airplanes in the sky today have been purchased with imaginary-counterfeit money causing The Airplane Bubble.
This is why almost all of the oil and gas that we buy in the U.S. is being purchased with the imaginary-counterfeit money that the U.S. Government has stolen from the future Americans. By inference, almost all oil and gas purchased anywhere on the planet is being purchased with this imaginary-counterfeit money. That is why I predict that the price of oil will likely drop to single digit dollars when USAPonzi implodes.
This is why approximately 5 out of 6 houses that we live in today have been purchased with imaginary-counterfeit money causing The Housing Bubble.
This is why approximately 5 out of 6 skyscrapers that exist on the planet today have been built with imaginary-counterfeit money causing The Skyscraper Bubble.
This is why almost all of the smartphones on the planet today have been purchased with imaginary-counterfeit money causing The Smartphone Bubble.
This is why approximately 85% of the money we have deposited into our banks is imaginary-counterfeit money causing The Bank Bubble.
Etc., etc., etc.
This is why Warren Buffett, Bill Gates, and the Walton family have gotten really rich. This is why all of the global upper class have gotten really rich. The $101.9 Trillion of imaginary-counterfeit money, stolen from the future Americans, has made a lot of people appear to be really rich and businesses appear to be really profitable and valuable.
The U.S. Government, by committing “The Ultimate Government Fraud”, is systematically stealing $15.9 Billion a day of imaginary-counterfeit money from the future U.S. citizens and giving it to the current U.S. citizens but they are very careful to give it to the right folks so that they can get their cut from the proceeds of this fraud.
Now the future Americans, and in fact citizens throughout the entire planet, are faced with what will be the worst economic and financial disaster ever experienced because the U.S. Government did not hold up its end of the deal since it has not properly funded the benefit promises it has made to the future Americans. The U.S. Government has been lying to the Common Man and stealing from the future Americans for 47 years by operating with a corrupt and fraudulent fiscal policy.
But this is just what happens with Ponzi schemes. The operators and their friends make out like bandits and the unsuspecting suckers get screwed. In this case, the operators of this fraud have been elected to protect, both physically and financially, the very people that they are cheating and from whom they are stealing.
You can learn more about this massive fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi" which is available on Amazon.
This is the biggest financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!
Financial data presented in this commentary was sourced from www.usdebtclock.org as of April 25, 2016.