Cooking the Books-current
May 18, 2020
The U.S. Government is “Cooking the Books”!
The U.S. Government is corrupt!
The U.S. Government is “Cooking the Books” to fraudulently elevate the standard of living in America and to fraudulently and dramatically elevate the standard of living for the upper class all over the planet!
The U.S. Government, by “Cooking the Books”, is causing Global Warming that is Destroying Planet Earth!
Because the U.S. Government is “Cooking the Books”; the senior officials of the U.S. Government are common criminals!
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 printing counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing money from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class!
The U.S. Government is promising future benefits to the U.S. general public but is not taxing the U.S. upper class enough to pay for these future benefit promises!
The U.S. Government is knowingly and willingly lying to and cheating the U.S. general public so that it can enrich the U.S. ruling class and dramatically enrich the U.S. upper class!
This accounting fraud is allowing Americans to buy stuff without paying for it by spending the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!
This accounting fraud is in the process of borrowing an infinite amount of imaginary-counterfeit money from the future Americans so that the entire planet can build, buy, rent, and operate an infinite number of environment-polluting physical objects which is causing Global Warming that is Destroying Planet Earth!
So far, this accounting fraud has printed $147.3 Trillion of imaginary-counterfeit money and given it to the U.S. upper class!
Every day, this accounting fraud borrows another $58.1 Billion of imaginary-counterfeit money from the future Americans and gives it to the U.S. upper class!
The U.S. Government is “Cooking the Books” to fraudulently “Make America (appear to be) Great”!
|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 1, 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 accounting fraud/Ponzi scheme 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!
You can learn more about this accounting fraud/Ponzi scheme by reading my websites www.usaponzi.net and www.usaponzi.com or better yet by reading my seventh book on USAPonzi “USAPonziD” which is available on Amazon and on my websites in Kindle and PDF formats.
This is the biggest ($147.3 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White