Causing the Stock Market Bubble-current
May 18, 2020
In this commentary I will explain how the U.S. Government is committing a fiscal and accounting fraud that has created a Stock Market Bubble!
The stock market keeps setting sets new record highs because the U.S. Government is printing an average of >$58.6 Billion of imaginary-counterfeit money a day so far in FY2020 and giving it to the U.S. upper class!
As of May 18, 2020, the U.S. Government has printed $147.6 Trillion of imaginary-counterfeit money!
The stock market appears to be the only place an investor can make money these days! The pundits on TV are amazed that the stock market continues to go up! They say that the stock market is climbing a “wall of worry”! Some say the stock market is undervalued because the earning potential of companies continues to increase! There is a continuous chorus that this company or that company beat revenue projections and beat earning projections! Then we hear that this company or that company is buying back stock because they cannot find a better place to put their money!
Things look like they cannot get any better for the stock market. Warren Buffett is making billions! Bill Gates is making billions! The Walton Family is making billions! Hedge fund managers are making billions! Football players, basketball players, golfers, and entertainers are making millions even billions!
This is all very easily explained!
The U.S. Government has borrowed $147.6 Trillion from the future Americans and given it to the U.S. upper class! No big surprise here! The U.S. Government is simply using fiscal and accounting fraud to borrow/steal $147.6 Trillion of monopoly money from the future Americans and give it to the U.S. upper class! The only problem is that the future Americans do not have $147.6 Trillion!
Apple makes billions because we are buying their iPhones with this monopoly money!
Tesla, Toyota, Mercedes, Honda, GM, Ford, etc. make billions because we are buying their cars with this monopoly money!
Amazon and Nike are making billions because we are buying their stuff with this monopoly money!
The Saudi princes are worth billions because we are buying their oil with this monopoly money!
Vladimir Putin is worth billions because the planet is buying Russian oil with this monopoly money!
House prices continue to go up because we are buying them with this ever-increasing supply of monopoly money!
Donald J. Trump is an imaginary billionaire because of this monopoly money!
Folks, you need to wake up and smell the coffee! The U.S. Government is corrupt! The senior officials in the U.S. Government are criminals! The stock market is a hoax because the global economy is a hoax because we have a bunch of scoundrels, liars, and cheaters running the U.S. Government!
I have prepared a commentary that details my Fraud Charges against the U.S. Government.
The stock market goes up for one reason and one reason only! The U.S. Government has produced $147.6 Trillion of monopoly money by borrowing it from the future Americans. GAAP Accounting reports this amount as US Unfunded Liabilities (GAAP) because the U.S. Government has overspent on a cash basis by $25.3 Trillion and underfunded the future liabilities by $122.3 Trillion!
If the U.S. Government continues to operate this Ponzi scheme, the stock market will continue to set new record highs. When USAPonzi implodes, the stock market will crash by about 95%.
This U.S. Government fiscal and accounting fraud can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
End of commentary.