USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

Supply-Chain Disaster only gets worse 211008
October 8, 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 10/8/21


The U.S. Government is causing a “supply-chain disaster” by “cooking the books”!


Bloomberg

Christmas at Risk as Supply Chain ‘Disaster’ Only Gets Worse
Stock prices of retailers are near all-time highs.
Global trade is a mess, and peak shipping has just begun. 
October 3, 2021


It’s the beginning of October, just the start of what the retail world simply calls “peak.” But the industry is already in various forms of panic that usually don’t take hold until the weeks before Christmas.


Early in the year, the hope was that the bottlenecks that gummed up the global supply chain in 2020 would be mostly cleared by now. They’ve actually only gotten worse — much worse — and evidence is mounting that the holiday season is at risk.


Across Europe, retailers such as apparel chain H&M can’t meet demand because of delivery delays. In the U.S., Nike cut its sales forecast after Covid-19 triggered factory closures in Vietnam that wiped out months of production. And Bed Bath & Beyond’s stock plunged amid shipping woes, with Chief Executive Officer Mark Tritton warning that disruptions would last well into next year. “There is pressure across the board, and you will hear about that from others.”


Covid outbreaks have idled port terminals. There still aren’t enough cargo containers, causing prices to spike 10-fold from a year ago. Labor shortages have stalled trucking and pushed U.S. job openings to all-time highs. And that was before UPS, Walmart and others embark on hiring hundreds of thousands of seasonal workers to take on the peak of peak.


The corrupt U.S. Government is causing congestion and delays in the global supply-chains by fraudulently borrowing an infinite amount of counterfeit money from the future Americans! The corrupt U.S. Government has already fraudulently borrowed $157.7 Trillion from the future Americans!


The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of 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 so the entire planet can build and buy an infinite amount of stuff by charging it to the future Americans!


The corrupt U.S. Government is causing delays and congestion in the global supply-chains by printing imaginary-counterfeit money faster than we can unload the cargo ships!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting)! The corrupt U.S. Government is being run by common criminals that have committed a $157.7 Trillion crime by fraudulently borrowing $157.7 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and giving it to the U.S. upper class!


In this commentary, I will explain how this corrupt U.S. Government fiscal and accounting fraud is causing the Supply-Chain Disaster!


The corrupt U.S. Government is promising ridiculous, unaffordable, and unpayable future U.S. Government benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these future U.S. Government benefits! The U.S. upper class is getting richer and richer every day because they are being undertaxed! As of today, the corrupt U.S. Government has fraudulently given the U.S. upper class $157.7 Trillion of imaginary-counterfeit money by undertaxing them (US Unfunded Liabilities (GAAP))!


The corrupt U.S. Government is committing a fiscal and accounting fraud by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting) which has produced a classic $157.7 Trillion Ponzi scheme fiscal policy, I call it USAPonzi, that is not accruing for future U.S. Government benefit promises to the U.S. general public!


When the corrupt U.S. Government does not accrue for future benefit promises, this has the effect of fraudulently borrowing money from the future Americans, I call it imaginary-counterfeit money since the future Americans can never pay this fraudulently borrowed money, and giving it to the U.S. upper class by undertaxing them!


As of today, the corrupt U.S. Government has fraudulently borrowed $157.7 Trillion of imaginary-counterfeit money from the future Americans, money the future Americans do not have, and given it to the U.S. upper class and is fraudulently borrowing more imaginary-counterfeit money every day and giving it to the U.S. upper class with ongoing GAAP basis deficit spending!


The corrupt U.S. Government is in the process of fraudulently printing an infinite supply of imaginary-counterfeit money, by borrowing it from the future Americans, that the entire planet is using to fill up Planet Earth with an infinite number of environment-polluting physical objects which is causing Global Warming that is Destroying Planet Earth! But it is also causing an overload of the global supply chains because $157.7 Trillion of imaginary-counterfeit money can buy a whole lot of stuff!


By not using proper GAAP Accounting, the corrupt U.S. Government is not properly accruing for future U.S. Government benefit promises creating US Unfunded Future Liabilities of $128.9T and total public liabilities (US Unfunded Liabilities (GAAP)) of $157.7T, the sum of our US National Debt ($28.8T) and our US Unfunded Future Liabilities ($128.9T)!


This is why we have Global Warming and a Supply-Chain Disaster, the corrupt U.S. Government is in the process of digitally and fraudulently printing an infinite amount of imaginary-counterfeit money, by pretending to borrow it from the future Americans and giving it to the U.S. upper class, so the entire planet can build and buy an infinite number of environment-polluting physical objects!


This fraud was started in 1969 when a scoundrelLyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and so far has fraudulently borrowed $157.7 Trillion and given it to the U.S. upper class!


This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy and build a whole-hell-of-a-lot of Care Bears, T-shirts, tennis shoes, smartphones, computers, cars, trucks, boats, airplanes, houses, condos, apartment buildings, airports, cities etc. etc. with a Quadrillion dollars of imaginary-counterfeit money!



 


My 15th whistleblower letter to my congressman Van Taylor 210921 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of this corruption within the U.S. Government!


The fools on Wall Street and the fools on Planet Earth have been fooled by the criminals in Washington! In the defense of Wall Street and the rest of Planet Earth, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!

 

US National Debt  $28.8 Trillion 
Cash Deficit in FY2022  $3.00 Trillion 
GAAP Deficit in FY2021  $18.04 Trillion 
US Unfunded Future Liabilities  $128.9 Trillion 
US Unfunded Liabilities (GAAP)  $157.7 Trillion 
Imaginary-Counterfeit Money  $157.7 Trillion 
US Total National Assets  $199.1 Trillion 

Source: www.usdebtclock.org October 8, 2021


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


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 be downloaded from my websites in pdf format.


John W White
Plano, TX