Yellen-Twice Fooled by US Government Fraud 210128
January 28, 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 1/28/21
Janet Yellen, newly confirmed Secretary of the Treasury, has apparently been fooled twice by the U.S. Government fiscal and accounting fraud that I call USAPonzi!
The corrupt U.S. Government has stolen $159.0 Trillion from the future Americans and given it to the U.S. upper class and Janet Yellen has not yet found out about it!
Both of the most influential economists on the planet, Janet Yellen Secretary of the Treasury and Jay Powell Chairman of the Federal Reserve, have failed to expose the now $159.0 Trillion U.S. Government fiscal and accounting fraud that I call USAPonzi!
Jay Powell has served two years as the Chairman of the Federal Reserve Bank and never exposed the U.S. Government fiscal policy as a Ponzi scheme!
Jay Powell is either a fool or a criminal!
Janet Yellen served four years as the Chairman of the Federal Reserve Bank and never exposed the U.S. Government fiscal policy as a Ponzi scheme!
Janet Yellen is either a fool or a criminal!
The following is an excerpt from my first book on this Ponzi scheme “USAPonzi” initially published November 22, 2015 that commented on how I, at that time, viewed her understanding of this Ponzi scheme that I call USAPonzi.
Janet Yellen surely knows that the U.S. Government is running a massive Ponzi Scheme. However, I do not yet have a confident reading as to just how clearly Janet Yellen understands USAPonzi. Up until the time she assumed the role of Fed Chair, she seemed to be reading and talking out of the same playbook as Ben Bernanke so the above comments related to Ben Bernanke could also apply to Janet Yellen. However, during her Congressional confirmation hearing she did make a comment that makes me think she does not have a full appreciation for just how much impact USAPonzi is having on our fiscal and monetary policy.
Markets 11/14/2013 @ 12:59PM 33,680 views
Janet Yellen: No Equity Bubble, No Real Estate Bubble, And No QE Taper Yet
Janet Yellen claims that she does not see an equity bubble or a real estate bubble forming. I contend that USAPonzi has been creating a bubble in all U.S. private assets for the last 47 years while it has been simultaneously creating public liabilities that are measured by our US Unfunded Liabilities (GAAP) of $99.8 Trillion. USAPonzi, with its massive GAAP basis deficit spending, is creating counterfeit money at the rate of $492 Billion a month and therefore is causing asset prices (in particular stock prices and real estate prices) to inflate quite rapidly. This $99.8 Trillion of GAAP basis deficit spending has been the “hot air” that has been pumped into “The Oswald Financial Bubble” over the last 47 years.
So, while Janet Yellen claims that she does not see an equity bubble or a real estate bubble forming, I contend that the value all U.S. private assets is overstated by as much as 6X solely because of USAPonzi. That is a huge bubble! (see Creating Counterfeit Wealth).
Janet Yellen surely knows about the fiscal crisis that has been created by USAPonzi and even though she may not yet appreciate just how serious the coming fiscal crisis really is, she still does not want to be the one that triggers the coming financial catastrophe.
Janet Yellen was either oblivious to the financial bubble that was forming throughout her tenure as Fed Chairman that has now grown from $99.8 Trillion at the writing of my first book to now $159.0 Trillion or was simply afraid to expose this accounting fraud.
Janet Yellen was apparently fooled once as Fed Chairman!
Now Janet Yellen has been confirmed as Secretary of the U.S. Treasury where at her confirmation hearing she mentioned her support for strong fiscal policy response to the Covid crisis.
Business News January 22, 2021 / 5:03 AM
Yellen’s confirmation hearing on Tuesday highlighted some Republican lawmakers’ concerns about her role in executing Biden’s economic policies, including a bigger federal debt burden and repealing parts of their signature 2017 tax cuts.
Yellen told senators they needed to “act big” on the proposed $1.9 trillion stimulus package or risk a longer recession and long-term economic scarring, job and revenue losses.
Janet Yellen should have told the Senate that they needed to approve an infinite stimulus package so the corrupt U.S. Government can keep giving money to the U.S. upper class!
Janet Yellen missed another chance in this confirmation hearing to expose the Ponzi scheme fiscal policy of the corrupt U.S. Government that is Destroying Planet Earth!
Janet Yellen has apparently been fooled twice by U.S. Government accounting fraud!
Janet Yellen is either afraid to tell the truth or she is not able to see that the corrupt U.S. Government is running a $159.0 Trillion Ponzi scheme!
Either way, we should be greatly concerned about who is holding the purse strings of the most important financial entity on the planet!
Until the Secretary of the Treasury starts using the words “GAAP Accounting”, “accrual accounting”, “Ponzi scheme”, and “radically unbalanced budget” when describing the current U.S. Government fiscal policy, we have no chance of eliminating this corruption within the U.S. Government!
Until we eliminate this corruption within the U.S. Government, we have no chance of restoring a fair, equitable, and sustainable U.S. and global economy! The current U.S. Government fiscal policy is enriching the rich and cheating the unrich! The corrupt U.S. Government is in the process of giving the U.S. upper class an infinite amount of what I call imaginary-counterfeit money!
Apparently, Janet Yellen has been fooled twice by this U.S. Government fiscal corruption!
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org January 28, 2021
The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!
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