Alaska Airlines/Ryanair 737 Max Debacles 201223
December 23, 2020
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 12/23/20
Alaska Airlines has just made a colossal mistake that will prove to be a financial debacle by ordering more Boeing 737 Max airplanes!
December 22, 2020
Alaska Airlines Boosts 737 MAX Orders and Options to 120 Jets
SEATTLE, Dec. 22, 2020 /PRNewswire/ -- Boeing [NYSE: BA] and Alaska Airlines announced that the carrier is buying 23 more 737-9 airplanes, building on its original order and an agreement last month to acquire new 737-9s through lease. The new deal brings Alaska Airlines' total 737 MAX orders and options to 120 airplanes, which will give the fifth largest U.S. carrier the scale, efficiency and flexibility to expand as air travel recovers.
Ryanair has just made a colossal mistake that will prove to be a financial debacle by ordering more Boeing 737 Max airplanes!
December 22, 2020
Ryanair buys 75 Boeing MAX jets in largest order since grounding
SEATTLE/DUBLIN (Reuters) - Budget airline Ryanair on Thursday ordered 75 Boeing 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban.
The corrupt U.S. Government has tricked both Alaska Airlines and Ryanair into buying airplanes they cannot afford and do not need!
The corrupt U.S. Government is committing a fiscal and accounting fraud that is in the process of printing an infinite amount of imaginary-counterfeit money by borrowing it from the future Americans so an infinite number of people can buy an infinite number of airplane tickets so the airline business appears to need an infinite number of airplanes to meet this travel demand!
The corrupt U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)!
Planet Earth is driving in cars, flying on airplanes, and sailing on ships that are being purchased with imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!
People are traveling all over Planet Earth on money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!
The corrupt U.S. Government is filling up Planet Earth with cars, airplanes, and ships that have been built, bought, and operated with imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans with GAAP basis deficit spending!
Alaska Airlines does not need more airplanes!
Ryanair does not need more airplanes!
I contend that this fiscal and accounting fraud has already fraudulently produced over 25,000 airplanes, over a billion cars, and an untold number of houses that have been built and bought with the $156.3 Trillion of imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!
Every dollar of GAAP basis deficit spending by the corrupt U.S. Government produces an imaginary-counterfeit dollar that magically shows up in the pocket of the entity (person or company) that did not have to pay the taxes to cover that dollar of GAAP basis deficit spending!
Americans are building and buying stuff with imaginary-counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans! So far, the corrupt U.S. Government has fraudulently borrowed $156.3 Trillion from the future Americans and given it to the U.S. upper class by undertaxing them!
The corrupt U.S. Government is causing Global Warming by printing an infinite amount of imaginary-counterfeit money so we can fill up Planet Earth with an infinite number of cars, airplanes, houses, and other things!
GAAP Accounting, properly applied, would not allow the U.S. Government to borrow more money from the future Americans than the future Americans can be reasonably be expected to pay! The future Americans cannot pay for an infinite number of cars, airplanes, and houses!
The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is borrowing monopoly money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class by undertaxing them!
Alaska Airlines and Ryanair have just committed to purchase or lease a lot of Boeing 737 Max airplanes that are destined to end up in airplane grave yards when this fiscal and accounting fraud that I call USAPonzi is properly exposed!
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 December 23, 2020
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