Jeremy Siegel-Wharton-Fooled by Gov Fraud 210902
September 2, 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 9/2/21
Jeremy Siegel, the distinguished Professor of Finance at the Wharton School has been fooled, as has most of Planet Earth, by the U.S. Government fiscal and accounting fraud that I call USAPonzi!
The corrupt U.S. Government has borrowed $156.2 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class and Professor Siegel apparently has no clue that this has happened!
Jeremy James Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania. Siegel comments extensively on the economy and financial markets. Wikipedia
Jeremy Siegel quote this morning on CNBC: “We're still in bull market, momentum players are piling on”.
Jeremy Siegel has been a long-time cheerleader for the stock market and of course he has been correct for the last several decades! But what Professor Siegel is missing is that the corrupt U.S. Government has been “cooking the books” since 1969 by operating its fiscal policy with Cash Accounting rather than proper GAAP Accounting!
This U.S. Government fiscal and accounting fraud has inverted the global financial system and now we are operating the global economy on assumed liabilities by the U.S. Government rather than earned assets by the economy!
The U.S. Government has created a new currency, I call it the imaginary-counterfeit dollar, that the U.S. Government prints by borrowing it from the future Americans with GAAP Basis Deficit Spending! The imaginary-counterfeit dollar is masquerading as a real dollar! The imaginary-counterfeit dollar looks like a real dollar, it acts like a real dollar, but it is not a real dollar! It is imaginary i.e., it does not exist and it is counterfeit i.e., it has no value!
The future Americans simply do not have $156.2 Trillion!
The stock market has been in a long-term bull market because the U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class!
Jeremy Siegel has been fooled by this accounting trick by the U.S. Government just like almost everybody on Plant Earth has been fooled by this accounting fraud!
The stock market has been going up for the last 52 years because the corrupt U.S. Government has been “cooking the books” since 1969! The corrupt U.S. Government is not operating its fiscal policy with proper GAAP Accounting and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is borrowing monopoly money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class by undertaxing them!
This Ponzi scheme 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 stock market will keep on making new highs as long as the criminals in Washington continue to give money to the U.S. upper class! So far, the corrupt U.S. Government has given the U.S. upper class $156.2 Trillion and the rate that it is giving money to the U.S. upper class is increasing exponentially so the time between hitting new highs in the stock market will become shorter and shorter!
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 the stock market can keep going up faster and faster!
The corrupt U.S. Government is printing an infinite amount of imaginary-counterfeit money, by borrowing it from the future Americans, so the stock market can go toward infinity UNTIL this Ponzi scheme implodes!
Professor Jeremy Siegel has been fooled by the criminals in Washington!
|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 2, 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.
John W. White