The $1B Toyota Debacle!
July 1, 2016
Americans are buying 17+ million cars and trucks this year with money borrowed from the future U.S. taxpayers!
U.S. Government fraud is creating this kind of financial disaster all over the planet. $102.7 Trillion is a lot of fraud!
Somebody in the U.S. Government has got to muster up enough courage to start telling the truth!
Toyota is building a palatial North American headquarters site in Plano, TX with the expectation that Americans will continue to buy cars and trucks at the current rate. However, the only reason Americans can buy vehicles at this rate is because of U.S. Government fraud and corruption.
The U.S. Government is running a Ponzi scheme (USAPonzi) that has borrowed $102.7 Trillion from the future U.S. taxpayers to allow Americans to buy stuff, with imaginary-counterfeit money, that we really cannot afford. When this Ponzi scheme implodes, I predict that the purchase rate of cars and trucks will drop to less than 1/5th of the current run rate (See The Implosion of USAPonzi).
When USAPonzi implodes, it will be painfully obvious that this palatial Toyota headquarters site was a $1 Billion financial debacle.
Toyota has been hoodwinked by U.S. Government fraud. Toyota has made a foolish $1 Billion investment by building a North American headquarters site that will look like a “ghost town” when USAPonzi implodes.
But Toyota should not feel singled out for falling for this fraud because the U.S. Government is deceiving almost everybody including themselves.
|Cash Deficit in FY2016
|GAAP Deficit in FY2016
|Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|| $102.7 Trillion
|Total National Assets
Source: www.usdebtclock.org July 1, 2016
As of July 1, 2016, the U.S. Government has borrowed $102.7 Trillion (US Unfunded Liabilities (GAAP)) from the future U.S. taxpayers so that U.S. citizens can buy, build, and consume a lot of stuff we cannot afford. The U.S. Government is borrowing another $15.8 Billion every day (GAAP Deficit in FY2016 $5.75T/365 = $15.8B).
That's why our roads are filled with so many cars. That's why the sky is filled with so many airplanes. That's why we have so many nice houses. That's why everyone on the planet seems to have a smartphone. We are buying and building most of this stuff with imaginary-counterfeit money that the U.S. Government is pretending to borrow from the future U.S. taxpayers (See Four out of Five Things in America are unaffordable!).
Somebody in the U.S. Government has got to muster up enough courage to start telling the truth or we are going to fill up the planet with junk cars, trucks, planes, houses, smartphones, banks, restaurants, malls, skyscrapers, apartment buildings, office buildings, warehouses, data centers, TVs, computers, etc. etc. that we cannot afford to own, use, operate, or maintain. This stuff will be purchased with imaginary-counterfeit money produced out of “thin air” by deferring what will become an infinite amount of public liabilities to the future U.S. taxpayers.
Somebody has got to turn off The Magic Imaginary-Counterfeit Money Spigot!.
This problem can only be equitably resolved by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
In order to create a level economic playing field that is sustainable over time and equitable throughout the planet, the U.S. Government must eliminate this fraud and corruption. The U.S. Government must stop cheating the future Americans and the rest of the planet just so it can dramatically enhance the lifestyle of current Americans (See Getting Rich on Borrowed Money)!
USAPonzi is explained in much more detail on my website www.usaponzi.com and in my book "USAPonzi" which is available on Amazon in Kindle and paperback format and on www.usaponzi.com in PDF format.
This is the biggest ($102.7 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!