Causing Coronavirus Pandemic-current
May 18, 2020
In this commentary, I will explain how the U.S. Government is committing a fiscal and accounting fraud that is causing the Coronavirus Pandemic!
The U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class with GAAP basis deficit spending!
While this U.S. Government fiscal and accounting fraud did not create the germ that is speading the coronavirus, this fiscal and accounting fraud is creating an environment that can breed germs. This fiscal and accounting fraud is allowing more and more people all over the planet to live closer and closer together to transmit germs locally and allowing more and more people to be able to travel globally to almost instantly transmit these germs all over the planet!
This U.S. Government fraud is in the process of printing an infinite amount of imaginary-counterfeit money so people can live in ever more dense population areas without earning real money and can travel globally without spending a single penny of earned income! The U.S. Government is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class!
This infinite stream of imaginary-counterfeit money is allowing people to live closer and closer together to transmit germs locally, some call this packing, and is allowing people to travel extensively to transmit these germs globally, some call this mixing!
The way this accounting fraud works, it is constantly packing people closer and closer together locally and is constantly mixing more and more people together globally by fraudulently printing an infinite supply of imaginary-counterfeit money!
My March 23, 2020 commentary Wuhan: Oswald caused Coronavirus Pandemic provides a more detailed explanation as to how USAPonzi is causing this pandemic!
So far, this accounting fraud has printed $147.6 Trillion of imaginary-counterfeit money and is printing another $58.9 Billion more every day with ongoing GAAP basis deficit spending!
I have written two websites (usaponzi.net and usaponzi.com) and seven books (the latest is USAPonziD) which are available on Amazon that explain how this U.S. Government fiscal and accounting fraud got started, the problems it is causing, and what I predict will happen when USAPonzi implodes!
|US National Debt
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org May 18, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP).
This imaginary-counterfeit money will evaporate into the “thin air” from whence it came when USAPonzi implodes!
This is the biggest ($147.6 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White