DFW home prices keep climbing 5/31/17
May 31, 2017 Emailed to WSJ/NYT/DMN on May 31, 2017
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains why home prices are continuing to climb. Home prices continue to increase because the U.S. Government is using a fraudulent fiscal policy and accounting system to borrow imaginary-counterfeit money from the future Americans. This is an open letter to Steve Brown, Real Estate Editor for the Dallas Morning News that explains why home prices are climbing in the Dallas/Fort Worth Metroplex.
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".
DFW home prices keep climbing 5/31/17
May 31, 2017
Home Prices climb because the U.S. Government is corrupt!
To: Steve Brown
Dallas Morning News
Real Estate Editor
I read your article in the Dallas Morning News this morning which reports that "D-FW home prices keep climbing"! It is not at all surprising that home prices keep climbing! Home prices are continuing to climb because the U.S. Government is "printing" counterfeit money by borrowing money, $106.3 Trillion so far, from the future Americans and giving it to the current Americans! Americans are buying homes with counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
Home prices are climbing everywhere for one reason and one reason only. Home prices climb because the U.S. Government is corrupt! Home prices do not increase because we have an under supply of homes as most people claim. Home prices increase because we have an over supply of money, $106.3 Trillion of counterfeit money.
The U.S. Government is creating imaginary-counterfeit money out of "thin air" by pretending to borrow it from the future Americans. The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting). The U.S. Government is operating with Cash Accounting rather than the proper GAAP Accounting (Accrual Accounting). The U.S. Government, by using Cash Accounting, is not accruing the money that is required to pay the future benefits that it is promising to the general public.
The U.S. Government is promising government benefits to the general public but is not taxing the U.S. upper class enough to pay for these U.S. Government benefit promises. Because of this fiscal and accounting fraud, the U.S. Government has given the U.S. upper class $106.3 Trillion (US Unfunded Liabilities (GAAP)), has overpaid the U.S. ruling class by $19.9 Trillion (National Debt), and has underfunded the U.S. Government benefit promises to the general public by $86.4 Trillion (US Unfunded Future Liabilities).
This is a Ponzi scheme (USAPonzi) that is borrowing an exponentially increasing and unlimited amount of imaginary-counterfeit money from the future Americans and giving it to the current Americans with the U.S. upper class getting almost all of this money. The U.S. Government has so far deferred $106.3 Trillion of public liabilities (US Unfunded Liabilities (GAAP)) to the future Americans. The U.S. upper class is appearing to get super rich simply because the U.S. Government is fraudulently borrowing faux money from the future Americans and giving it to the U.S. upper class by undertaxing them. This is fraud because the future Americans do not have $106.3 Trillion. The U.S. Government is imagining that the future Americans can pay an infinite amount of taxes forever. This is a classic Ponzi scheme.
The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals because they are direct financial beneficiaries of this U.S. Government fiscal and accounting fraud! This $106.3 Trillion fraud, which I have named USAPonzi, has a direct parallel in the Madoff Ponzi scheme, it is just 2,000 times larger than Madoff Ponzi ($50 Billion).
The U.S. Government has "printed" $106.3 Trillion of imaginary-counterfeit money since FY1969, and with the current fiscal policy will print an infinite amount of imaginary-counterfeit money so the price of homes will climb to infinity.
The U.S. Government prints this money by undertaxing, on a GAAP basis, the current Americans and the U.S. upper class gets most of this imaginary-counterfeit money because they are the taxpayers that should be funding our future government benefit promises. That is also why the high end home prices tend to go up more than low end home prices. The U.S. Government likes the U.S. upper class a lot more than it likes the U.S. Common Man. The U.S. Government has fraudulently given the U.S. upper class $106.3 Trillion. This is not a small gift! This is also what is causing the wealth and income gap!
Simple accounting fraud is causing the U.S. upper class to appear to be super rich! The U.S. Government has created $106.3 Trillion of imaginary-counterfeit money out of "thin air" by borrowing money from the future Americans that the future Americans do not have and giving it to the U.S. upper class. GAAP basis deficit spending creates imaginary-counterfeit money.
The U.S. Government has created $106.3 Trillion of imaginary-counterfeit money by borrowing it from the future Americans that we can all use to buy houses, and whatever else we might want, but that we cannot afford!
U.S. Government fiscal and accounting fraud is causing home prices to go to infinity!
Also see "The Cause of the Internet and Housing Bubbles".
|| $19.9 Trillion
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 31, 2017
This U.S. Government 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.
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.
This is the biggest ($106.3 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White