The End of America and Planet Earth!
June 25, 2019
Emailed to 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/DMN, and Dallas Mayor Eric Johnson on 6/25/19.
The U.S. Government has committed a fiscal and accounting fraud that will lead to The End of America and The End of Planet Earth as we currently know them!
It is commonly stated that the basic needs of the people on Planet Earth are food (including water), shelter, and clothing. When mankind discovered certain fossil fuels, the production of food, shelter and clothing has been automated to the point that these basic needs require fewer and fewer people to meet these basic needs.
As an example, in 1930 it is estimated that 21% of the U.S. population (https://www.agclassroom.org/gan/timeline/1930.htm) was involved in farming. Today, it is estimated that 2% of the U.S. population is involved in farming!
While Planet Earth provides huge quantities of natural resources to produce both food and fuel, these resources are finite as the population of Planet Earth continues to increase (current estimate is 7.2 billion) which means that there will come a time when both food and fuel will be constrained.
The production and distribution of food and fuel are regulated by prices set by the producers and distributors of food and fuel and 98% of the U.S. population is depending on having the money to buy these necessities. The U.S. Government is promising monetary benefits to now about 47% of the population but is not accruing the money to poay for these benefits. America and Planet Earth will soon reach a crisis point when the U.S. Government cannot pay these benefits.
Because more and more people are living in densely populated areas, there is no option to assume a food producing job, in the absence of money!
Since 1969, the U.S. Government has been promising and paying benefits to the U.S. general public but has not been accruing the money to pay for these future promises. The U.S. Goverment has not been operating its fiscal policy with proper GAAP accounting (Generally Accepted Accounting Principles)!
This fiscal and accounting fraud has deferred $124.9 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans and given it the current Americans but primarily to the U.S. upper class. Even today, most Americans are living on imaginary-counterfeit money that has been fraudulently borrowed from the future Americans. The U.S. upper class is getting filthy rich with this imaginary-counterfeit money and the U.S. Government benefit recipients are living on imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
This fiscal and accounting fraud is a classic Ponzi scheme, I call it USAPonzi, that is borrowing, what I call imaginary-counterfeit money, from the future Americans and giving it to the current Americans, primarily the U.S. upper class, by undertaxing them!
This fiscal and accounting fraud has appeared to create massive wealth for the current Americans, currently $124.9 Trillion, and is printing another $16.8 Trillion of imaginary-counterfeit money every day to create unending and ever-increasing wealth for the U.S. upper class?
As the wealth of Americans continues to increase, Americans are buying and building an unending and every increasing number of cars, trucks, airplanes, houses, apartments, condos, skyscrapers, guns and bombs!
This fiscal and accounting fraud is causing people to buy things they have not earned and to live in increasing dense areas. Sometimes the living accomodations
This fiscal and accounting fraud has destroyed the fabric of the nation and it has produced many useless objects that we cannot afford. As stated above, food is the primary need of
This fraud has caused Americans to live in ever more dense cities going vertical when possible, has caused many people tear down so they can build bigger and finer houses,has caused the ultra wealthly to become so rich they can build multiple lavish houses and private airplanes.
This fraud has printed $124.9 Trillion of counterfeit money!
The most basic need of the people is food and this accounting fraud has allowed people in densely populated areas to buy their food with an unending and ever-increasing supply of counterfeit money and has allowed farmers to operate ever larger farms with ever larger pieces of equipment that are being purchased with imaginary-counterfeit money.
By making the U.S. upper class wealthy and paying unaffordable benefits to more and more people which means that an ever-increasing have become dependent on this fraud for their livelihood. In the case of benefit recipients, the benefits being paid to many of them exceeds what they can earn with the available jobs.
This accounting fraud is printing enough imaginary-counterfeit money (so far $124.6 Trillion) to create millions of imaginary-counterfeit millionaires and hundreds of imaginary-counterfeit billionaires while most of the other 7.7 billion people on Planet Earth have to earn what is often a meager living by the sweat of their brows!
Meanwhile, the ultra-rich are getting ultra-richer-and-richer with the fake money that the corrupt and criminal U.S. Government is fraudulently and continuously borrowing from the future Americans with GAAP basis deficit spending!
The corrupt and criminal U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is printing counterfeit money, I call it imaginary-counterfeit money, and giving it to the U.S. upper class by undertaxing them! So far, this accounting fraud has digitally printed $124.6 Trillion of imaginary-counterfeit money and given it to the U.S. upper class which is also causing Global Warming that is Destroying Planet Earth (See Global Warming Apocalypse)!
This accounting fraud is in the process of printing an infinite supply of imaginary-counterfeit money so the entire planet can buy and build an infinite number of environment-polluting physical objects that are causing Global Warming that is Destroying Planet Earth!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org June 25, 2019
The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud to create infinite fake wealth for the ultra-rich!
Author's Note: This commentary is not meant to imply that America is the only country that is using deficit spending to stimulate its economy. America just does more of it, on a dollar basis, than any other country!
This fraud/Ponzi scheme is explained in more detail on my websites www.usaponzi.net and www.usaponzi.com and in my fifth book on this Ponzi scheme, “USAPonziB”!
John W White