Gambling Growth caused by US Gov Fraud 210907
September 7, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 9/7/21
Planet Earth is gambling more because the corrupt U.S. Government is printing an infinite supply of counterfeit money and giving it to the U.S. upper class! The corrupt U.S. Government has already printed $156.3 Trillion of counterfeit money and is printing another $49.2 Billion of counterfeit money every day with GAAP basis deficit spending so people all over the planet are willing to gamble with more and more of this “free” monopoly money!
The corrupt U.S. Government is “cooking the books” by operating its fiscal policy with Cash Accounting rather than proper and Generally Accepted Accounting Principles (GAAP Accounting) which is printing an infinite stream of counterfeit money and giving it to the U.S. upper class!
Global Gambling Market Report 2021: Market to Grow from $465.76 Billion in 2020 to $516.03 Billion in 2021 - Forecast to 2030
NEWS PROVIDED BY
Research and Markets
Feb 09, 2021
DUBLIN, Feb. 9, 2021 /PRNewswire/ -- The "Gambling Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
Gambling Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global gambling market as it emerges from the COVID-19 shut down.
Major companies in the gambling market include William Hill; MGM Resorts; Las Vegas Sands; Paddy Power and Betfair Entertainment.
The global gambling market is expected to grow from $465.76 billion in 2020 to $516.03 billion in 2021 at a compound annual growth rate (CAGR) of 10.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $674.7 billion in 2025 at a CAGR of 7%.
Planet Earth is gambling more because the corrupt U.S. Government is printing an infinite supply of counterfeit money! Planet Earth would not gamble nearly as much if it only had real money earned by doing something of real value to the global economy!
The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!
The following chart gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so Planet Earth could gamble a whole-hell-of-a-lot-more with a Quadrillion dollars of imaginary-counterfeit money!
The gambling business will come to an abrupt stop when USAPonzi implodes, because this imaginary-counterfeit money will evaporate and people all over Planet Earth will have to start living on real earned income!
|US National Debt
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org September 7, 2021
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.
My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!
John W. White