Housing Bubble/Fraud in America 200925
September 25, 2020
Emailed to The United Nations, Fed Chair Jay Powell, St Louis Fed President James Bullard, 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, and NYT/WSJ/WP/DMN/CNBC on 9/25/20.
We have a Housing Bubble in America because the U.S. Government is corrupt!
We are filling up America and all of Planet Earth with houses, apartments, and condos, that have been built and bought with $154.6 Trillion of counterfeit money that the corrupt U.S. Government has fraudulently borrowed from the future Americans!
We are building and buying houses we cannot afford and will not be able to effectively use because the corrupt U.S. Government is printing counterfeit money! The corrupt U.S. Government has printed $154.6 Trillion of counterfeit money and given it to the U.S. upper class so Americans can buy and rent houses, apartments, and condos we cannot afford without having to pay for them!
The corrupt U.S. Government is committing a fiscal and accounting fraud that has caused the Coronavirus Pandemic and now this fraud is letting us build houses at an ever-increasing pace even as many, maybe even most, people have lost or will lose their jobs because of this fraud!
Because of the way this fraud works, enriching the haves by cheating the have-nots, the haves can eat gourmet food and buy bigger and bigger houses while the have-nots cannot afford food for their families or pay their rent/mortgage payments!
The corrupt U.S. Government has given the haves $154.6 Trillion of counterfeit money by not taxing them enough to pay the benefit promises to the have-nots (US Unfunded Liabilities (GAAP) = $154.6 Trillion) !
US new-home sales surge to fastest pace since 2006 as housing market shines through pandemic
Sep. 24, 2020, 07:03 PM
Sales of new US homes accelerated by 4.8% in August, to an annual rate of 1 million units, the Census Bureau reported Thursday.
That rate was the highest since 2006 and marked four consecutive months of increasing sales.
The agency's estimate of new homes for sale fell to 282,000, reflecting 3.3 months of supply at the current pace of sales. That's the shortest period in data going back to 1963.
The housing market is shining through the pandemic, as falsely reported in the above article, because the U.S. Government is corrupt! Because of the pandemic stimulus, the corrupt U.S. Government has printed $26.3 Trillion of counterfeit money since February 17, 2020 and Americans (the haves) are using some of this newly minted counterfeit money to buy houses!
US Unfunded Liabilities (GAAP)/Counterfeit Money
September 25, 2020 $154.6 Trillion
February 17, 2020 $128.3 Trillion
Newly Minted $26.3 Trillion
The corrupt U.S. Government is committing a fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting) also called accrual accounting!
The corrupt U.S. Government has been printing counterfeit money for the last 51 years so the current Americans can buy homes that they cannot afford! The corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is fraudulently borrowing money, I call it imaginary-counterfeit money, from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class so the current Americans (the haves) can buy more and more bigger and bigger homes (See USAPonzi-The Great American Fraud)!
The pundits on TV do not understand why the stock market is going up or why the real estate market is going up!
Both the stock market and the real estate market are going up because the U.S. Government is corrupt! Both are going up because the corrupt U.S. Government is printing imaginary-counterfeit money by not using proper GAAP Accounting! The corrupt U.S. Government is in the process of fraudulently borrowing an infinite amount of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class so the current Americans (the haves) can fraudulently buy an infinite amount of everything including homes!
GAAP basis deficit spending by the corrupt U.S. Government prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them!
As of today, September 25, 2020, the corrupt U.S. Government has fraudulently borrowed $154.6 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class!
$154.6 Trillion of imaginary-counterfeit money can buy a lot of nice homes!
We have a housing bubble in America because the corrupt U.S. Government is running a classic Ponzi scheme, I call it USAPonzi, that is printing an infinite amount of imaginary-counterfeit money with GAAP basis deficit spending and giving it to the U.S. upper class!
USAPonzi is also causing four global crises (See Quadrilogy of Global Crises (economy, climate, health, and hunger)) that are setting the stage for The Greatest Depression and if this Ponzi scheme is continued it will Destroy Planet Earth!
|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 September 25, 2020
*usdebtclock.org has stopped explicitly reporting the GAAP Deficit. The GAAP Deficit is implicitly reported as the change in US Unfunded Liabilities (GAAP). US Unfunded Liabilities (GAAP) were $126.1 Trillion on October 1, 2019 the start date for FY2020, therefore the GAAP Deficit in FY2020 will be >$28.5 Trillion (>$154.6T-$126.1T = >$28.5T).
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain this accounting fraud and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my www.usaponzi.net website.
This is the biggest ($154.6 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White