The U.S. Government is Corrupt!
June 9, 2016
The U.S. Government is corrupt! The U.S. Government is operating with a corrupt and fraudulent fiscal policy. The U.S. Government is willingly and knowingly committing fiscal and accounting fraud (using Cash Accounting rather than the proper GAAP Accounting) but is so invested in this fraud that no one in a position of power is willing to expose it.
This is an obvious fraud but the people in the U.S. Government and their upper class friends are appearing to get filthy rich because of this fraud so the fraud continues. The U.S. Government has a bipartisan conspiracy to continue to operate with a dramatically unbalanced budget that overpays the U.S. ruling class, overpays the social benefit recipients, and dramatically undertaxes the U.S. upper class.
This fraud elevates the standard of living of all Americans! This fraud creates an opulent lifestyle for the U.S. ruling class! This fraud creates a super opulent lifestyle for the U.S. upper class!
We have a bunch of scoundrels, liars, and cheaters that are running the U.S. Government so they can line their own pockets and so that they can dramatically line the pockets of their upper class friends.
The fiscal policy of the U.S. Government is a classic Ponzi scheme that rather than taxing the U.S. taxpayers to pay for its spending and committing to spend is making the U.S. upper class appear to be filthy rich. The U.S. government has undertaxed the U.S. taxpayers by $102.4 Trillion making them appear to be super rich with imaginary-counterfeit money by deferring public liabilities to the future U.S. taxpayers (See The Theory of Imaginary Money).
|Cash Deficit in FY2016
|GAAP Deficit in FY2016
|Unfunded Future Liabilities
|| $83.1 Trillion
|US Unfunded Liabilities (GAAP)
|| $102.4 Trillion
|Total National Assets
Source: www.usdebtclock.org June 9, 2016
This is fraud! This is corruption! The people in Congress and the leadership in the Executive Branch should be indicted on fraud and corruption charges for continuing this fraud. This fraud has given $102.4 Trillion of imaginary-counterfeit money to the U.S. upper class.
The U.S. Government has been committing this fraud for 47 years and the people in the U.S. Government refuse to give up this gravy train for themselves and their rich friends.
The apparent wealth and prosperity of the United States of America is just a hoax that is being perpetrated by a corrupt and fraudulent U.S. Government by using a fraudulent accounting system and dramatically undertaxing the current U.S. taxpayers. The U.S. Government is simply increasing the apparent private wealth of the U.S. upper class by assuming public liabilities. The U.S. Government is continuing to increase the apparent wealth of the U.S. upper class every day by another $15.8 Billion (GAAP Deficit of $5.77T/365 = $15.8B).
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 throughout the planet, the U.S. Government must eliminate this fraud and corruption.
You can learn more about this fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi" which is available on Amazon and also on my website in PDF format.
This is the biggest ($102.4 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!