Lennar beats EPS and Rev-The Housing Bubble 210316
March 16, 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 3/16/21
America is in a Housing Bubble because the U.S. Government is corrupt!
Americans are buying houses with imaginary-counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans!
Because the future Americans have an infinite amount of imaginary-counterfeit money, after all it is imaginary, Americans can build an infinite number of houses!
Lennar's earnings report today demonstrates that both the buyers and sellers of housing are totally unaware that we are in the biggest Housing Bubble in history!
Lennar EPS beats by $0.48, beats on revenue
Dec. 16, 2020 5:03 PM ET
Lennar Corporation (LEN)
By: Pranav Ghumatkar, SA News Editor
FQ4 GAAP EPS of $2.82 beats by $0.48.
Revenue of $6.83B (-2.0% Y/Y) beats by $190M.
Q4 Backlog of 18.821 vs. consensus of 18,032; new orders of 15,214 vs. consensus of 14,448 and guidance 13,800-14,300.
Lennar posted outstanding financial results today simply because the corrupt U.S. Government has fraudulently borrowed $159.8 Trillion of imaginary-counterfeit money from the future Americans (US Unfunded Liabilities (GAAP)) so we can build a lot of nice houses!
End of story!
Americans are buying houses with imaginary-counterfeit money! Americans are buying houses with money the corrupt U.S. Government has fraudulently borrowed from the future Americans! The corrupt U.S. Government is in the process of printing an infinite amount of imaginary-counterfeit money so Americans can build an infinite number of houses!
If the corrupt U.S. Government was operating its fiscal policy with proper GAAP Accounting, it would know that it had already borrowed $159.8 Trillion from the future Americans (US Unfunded Liabilities (GAAP)) and should stop borrowing more money from the future Americans!
Because the U.S. Government is corrupt, we are in the process of filling up Planet Earth with useless houses!
This is why we are in a Housing Bubble!
Business is good for Lennar because its customers have an unlimited supply of monopoly money! The corrupt U.S. Government just keeps borrowing more monopoly money from the future Americans so the current Americans can buy more houses!
My Whistleblower Letter #3 to Planet Earth explains how the corrupt U.S. Government is committing a fiscal and accounting fraud so we can keep on building more and more and bigger and bigger houses!
$159.8 Trillion of imaginary-counterfeit money can buy a whole-hell-of-a-lot of houses!
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi and the impact it is having on Planet Earth!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
Destroying Planet Earth
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org March 16, 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 also be downloaded from my www.usaponzi.net website.
John W. White