Two Classes of People-Two Kinds of Money 210319
March 19, 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 3/19/21
The corrupt U.S. Government is operating with a fiscal policy that is a fiscal and accounting fraud that has bifurcated the U.S. population into “Two Classes of People and Two Kinds of Money”!
The corrupt U.S. Government has given the U.S. upper class $159.9 Trillion and cheated the U.S. general public out of $131.8 Trillion!
We have a bunch of criminals running the U.S. Government!
Two Classes of People
U.S. upper class
U.S. general public
Two Kinds of Money
real money: money earned by doing something of value
imaginary-counterfeit money: money borrowed from the future Americans
Imaginary-counterfeit money is not real money, it is an empty promise by the U.S. Government that it will pay real money someday! Imaginary-counterfeit money is monopoly money!
The corrupt U.S. Government has tricked the entire planet into thinking that imaginary-counterfeit dollars are just as good as real dollars!
How They Live
The working U.S. general public lives desperately to modestly on real money.
The non-working U.S. general public lives desperately to modestly on imaginary-counterfeit money.
The U.S. upper class lives opulently to super-opulently on imaginary-counterfeit money.
The corrupt U.S. Government has fraudulently borrowed $159.9 Trillion of imaginary-counterfeit money from the future Americans and given it to the U.S. upper class so the U.S. upper class can live opulently and even super-opulently on monopoly money!
This is a reprise of my February 9, 2017 commentary of the same name Two Kinds of People-Two kinds of Money that explained how the corrupt U.S. Government is committing a fiscal and accounting fraud, by not using proper and Generally Accepted Accounting Principles (GAAP Accounting), that is systematically and fraudulently enriching the U.S. upper class and cheating the U.S. general public!
The corrupt U.S. Government is lying to and cheating the U.S. general public by promising the U.S. general public that they will get U.S. Government benefits, but the corrupt U.S. Government is not accruing the money to pay for these benefits!
The U.S. upper class is getting rich because they are being undertaxed and the U.S. general public is getting cheated because their future benefits are not being funded!
The U.S. Government should be operating its fiscal policy with GAAP Accounting (accrual accounting) to properly accrue for the future benefit promises to the U.S. general public!
When the corrupt U.S. Government does not accrue for these future benefits, these future liabilities get deferred to the future Americans and the U.S. upper class gets undertaxed by that same amount!
This fiscal policy has the effect of fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving this money to the U.S. upper class! I call this fraudulently borrowed money “imaginary-counterfeit money” because this money does not exist (imaginary) and has no value (counterfeit).
The U.S. upper class is getting rich with monopoly money but since this monopoly money is being issued by the U.S. Government, the entire planet has been fooled into believing this is real money!
The U.S. upper class is getting rich with monopoly money by doing nothing!
The U.S. general public has to work for a living to earn real money!
Both the U.S. upper class and the U.S. general public are buying stuff with the monopoly money (imaginary-counterfeit money) that the corrupt U.S. Government is fraudulently borrowing from the future Americans, the U.S. upper class just has a whole-hell-of-a-lot more monopoly money than the U.S. general public!
The U.S. general public is going to be MAD-AS-HELL at the U.S. Government when they find out that the U.S. Government has been “cooking the books” for the last 52 years to fraudulently enrich the U.S. upper class and cheat the U.S. general public!
This is what is causing economic inequality in America, the U.S. upper class has been given $159.9 Trillion of monopoly money (US Unfunded Liabilities (GAAP)) and the U.S. general public has been cheated out of $131.8 Trillion of future benefits (US Unfunded Future Liabilities)!
Further, the working U.S. general public has to work for a living, oftentimes at a minimal wage, when the U.S. upper class is in the process of being given an infinite amount of imaginary-counterfeit money (monopoly money) for doing nothing!
How can we expect to have an equitable economy when the U.S. Government is the ringleader in a now $159.9 Trillion crime to enrich the elite and oppress the common man!
The corrupt U.S. Government is operating its fiscal policy with a classic $159.9 Trillion Ponzi scheme, I call it USAPonzi, that is in the process of fraudulently borrowing an infinite amount of monopoly money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class!
The following table, sourced from usdebtclock.org, shows their estimates of our public liabilities (US Unfunded Liabilities (GAAP) = $159.9 Trillion) and our private assets (Total National Assets = $158.8 Trillion).
Incurring public liabilities produces imaginary-counterfeit private assets!
The corrupt U.S. Government is using “smoke and mirrors” to borrow monopoly money from the future Americans and give it to the U.S. upper class!
This imaginary-counterfeit money will evaporate into the “thin air” from whence it came when this fiscal and accounting fraud is exposed and USAPonzi implodes!
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi and the impact it is having on Planet Earth!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
Destroying Planet Earth
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org March 19, 2021
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 also be downloaded from my www.usaponzi.net website.
John W. White