Cars-Cars-Cars and Trade Imbalance
March 3, 2018
Emailed to WSJ/NYT/WP/DMN, the US SEC, Congressman Pete Sessions, Congressman Sam Johnson, Senator John Cornyn, and Senator Ted Cruz on 3/3/18
The following is an Op-Ed to “The Wall Street Journal”, “The New York Times”, “The Washington Post”, and “The Dallas Morning News” that explains why we have so damn many cars and why we have a trade imbalance!
The “news media” has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can “feather their own nests” and “dramatically feather the nests of their upper-class friends”!
The “news media” is aiding and abetting the corrupt and criminal U.S. Government by refusing to report this fiscal and accounting fraud!
Cars-Cars-Cars and Trade Imbalance
March 3, 2018
In this commentary, I will explain why we have so damn many cars-cars-cars and why we have a trade imbalance!
The U.S. Government is being run by a bunch of criminals! For the last 48 years we have been operating with a fraudulent accounting system by not using Generally Accepted Accounting Principles (GAAP Accounting). Because of this fraud, the U.S. Government has not been accruing for the future benefit promises to the U.S. general public and has been overspending on a Cash basis!
We now have US Unfunded Future Liabilities of $91.4 Trillion on top of the National Debt of $20.8 Trillion that the U.S. Government properly reports! The U.S. Government has undertaxed the current Americans by $112.2 Trillion (US Unfunded Liabilities (GAAP)) over the last 48+ years by overspending on a cash basis and not properly funding the future U.S. Government benefit promises. Americans have been on an outrageous spending spree for 48+ years buying stuff with this $112.2 Trillion of free money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans by operating with Cash Accounting!
Americans are filling the planet with cars-cars-cars because the U.S. Government is corrupt! We are buying 17 million new cars a year with some of this $112.2 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently borrowed from the future Americans.
But the story does not stop with cars! It is everything! Americans, especially the U.S. upper class, are buying all kinds of stuff with imaginary-counterfeit money that the corrupt and criminal U.S. Government has fraudulently borrowed from the future Americans by operating with Cash Accounting rather than the proper GAAP Accounting!
We are experiencing traffic jams because with the current fiscal policy, I call it USAPonzi, we can buy an infinite number of cars-cars-cars!
Someone in a position of power needs to tell the U.S. Government that they are committing a criminal act by not using proper accounting!
Tariffs on steel and aluminum will maybe slow down the flow cars into America a little but it will not fix our trade imbalance.
We have a trade imbalance because the U.S. Government is digitally printing imaginary-counterfeit money, $16.4 Billion a day, so that Americans can buy everything in sight. We can buy a lot more than we sell because the U.S. Government is running a counterfeit money printing press by operating with a fiscal policy that has GAAP basis deficit spending of $5.99 Trillion in FY2018!
Americans are filling the planet with junk purchased with imaginary-counterfeit money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!
This is why the U.S. upper class get the big fancy cars. The U.S. Government likes the U.S. upper class best so they get most of this imaginary-counterfeit money!
Americans can buy a whole hell of a lot of cars because the future Americans have an infinite supply of imaginary-counterfeit money! After all it is imaginary and it is cheap to print because it is done digitally! The corrupt and criminal U.S. Government has its own crypto-currency that is causing our trade imbalance and our traffic jams!
The corrupt and criminal U.S. Government is running a classic $112.2 Trillion Ponzi scheme (USAPonzi) by not using proper GAAP Accounting!
We have a trade imbalance because we are buying stuff with monopoly money that the corrupt and criminal U.S. Government is fraudulently borrowing from the future Americans! This buying spree will come to an abrupt stop when USAPonzi implodes!
It will then be obvious to everyone that we have been filling the planet with junk purchased with monopoly money for the last five decades! The U.S. Government says it is okay because the future Americans can pay for this stuff! This is the very nature of a Ponzi scheme! The U.S. Government is running a $112.2 Trillion Ponzi scheme!
The corrupt and criminal U.S. Government is being run by either a bunch of fools or a bunch of criminals! Take your pick!
The “news media” is aiding and abetting this criminal act by the U.S. Government by refusing to expose this fiscal and accounting fraud!
|Cash Deficit in FY2018
|GAAP Deficit in FY2018
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Mar 3, 2018
To eliminate this fraud, the U.S. Government must adopt GAAP Accounting and commit to a balanced GAAP basis budget.
I have published a website www.usaponzi.net that explains how this fraud works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books “USAPonzi” (Nov 22, 2015), “USAPonzi2” (May 1, 2017), and “USAPonzi3” (Feb 1, 2018) which are available on Amazon to better explain this fraud/Ponzi scheme.
This is the biggest ($112.2 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W. White