Fooling the Entire Planet!
April 19, 2016
As Posted on www.usaponzi.com
"You can fool all of the people some of the time, and some of the people all of the time, but you can not fool all of the people all of the time". Abraham Lincoln
The U.S. Government has been fooling almost all of the planet for 47 years. The U.S. Government may in fact be so good at fooling people that it is even fooling itself. America is supposed to be "The Shining City on the Hill" but for 47 years the U.S. Government has been perpetrating a financial fraud that impacts the entire Planet. The exposure and eradication of this fraud will send the entire planet into a devastating and extended economic depression and a financial disaster of epic proportions.
This fraud is very simple. The U.S. Government is borrowing imaginary-counterfeit money from the future U.S. taxpayers and giving it to the current U.S. citizens and businesses (See The Theory of Imaginary Money).
This fraud is deferring an ever increasing percentage of the cost of operating the U.S. Government to the future U.S. taxpayers which has created a classic Ponzi scheme that I have named USAPonzi.
So far the U.S. Government has borrowed $101.9 Trillion from the future U.S. taxpayers which is reported on www.usdebtclock.org as US Unfunded Liabilities (GAAP). The U.S. Government is creating this imaginary, fake, illusionary, counterfeit money out of "thin air" with GAAP basis deficit spending and giving it to the U.S. citizens and businesses. This is a fraud! This is corruption! This is a hoax! This is a myth! This is an illusion! This is a sham! This is absurd!
The U.S. Government does this with a corrupt and fraudulent fiscal policy and accounting system. The U.S. Government attempts to conceal this fraud by reporting its financial condition with Cash Accounting rather than using GAAP Accounting that the U.S. Government itself requires that all public corporations use to avoid fooling the public about their financial condition.
This fraud has created $101.9 Trillion of counterfeit wealth, hundreds of counterfeit Billionaires, and millions of counterfeit Millionaires. This wealth will only be sustainable IF the future U.S. taxpayers can come up with the $101.9 Trillion to pay these US Unfunded Liabilities (GAAP) that are increasing by $15.9 Billion every day (GAAP deficit in FY2016 of $5.79T/365 = $15.9B).
This is totally absurd! And it has been going on for 47 years!
We are almost all a bunch of fools for falling for this fraud!
The U.S. Government is mainlining an ever increasing stream, currently totaling $101.9 Trillion, of counterfeit dollars into the arteries of the global economy thru the unsuspecting hands of U.S. citizens and businesses.
You can learn more about this massive fraud/Ponzi scheme by reading my website www.usaponzi.com or better yet by reading my book "USAPonzi" which is available on Amazon.
This is the biggest financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and "The Biggest Ponzi Scheme on the Planet"!
Financial data presented in this commentary was sourced from www.usdebtclock.org as of April 19, 2016.