Plano, TX: Influx of Millions!
May 12, 2017 Emailed to WSJ/NYT/DMN on May 13, 2017
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how U.S. Government corruption is causing millions of people to want to live and work in Plano, TX.
The "news media" has an ethical responsibility to inform the general public of how the U.S. Government is committing fiscal and accounting fraud to cheat the general public and the rest of the planet so they can "feather their own nests" and "dramatically feather the nests of their upper-class friends".
Plano, TX: Influx of Millions!
May 12, 2017
Dear Steve Brown
I just read your column in the Dallas Morning News this morning "No-grow cries won't stop the influx of millions" into Collin County, Texas and in particular Plano, TX.
I am writing you to say that this "influx of millions" is caused by U.S. Government fiscal and accounting fraud. The U.S. Government is running a massive Ponzi scheme that is dramatically over stimulating the U.S. and global economy by borrowing $106.1 Trillion from the future Americans.
The simple little accounting fraud, by the U.S. Government, of using Cash Accounting rather than the proper GAAP Accounting has produced enough imaginary-counterfeit money, $106.1 Trillion as of May 12, 2017, to entice these companies to invest in moving their headquarters to this area and to cause us to build elaborate office towers, hotels, gourmet restaurants, shopping centers, apartment buildings, and executive mansions, that we really cannot afford, to support this influx of companies and people!
The fraudulent accounting of USAPonzi is producing imaginary-counterfeit money, $106.1 Trillion as of May 12, 2017, by borrowing it from the future Americans that is causing the urbanization of the entire planet. The influx of companies and people into Collin County, Texas is just one vivid example of how this U.S. Government fraud is causing urbanization. I have written a commentary that explains this phenomenon (See Urbanization: A Byproduct of USAPonzi).
These luxurious accommodations will become silent sculptures and monuments to the fiscal and accounting fraud of the U.S. Government. Someone needs to step up and explain to Washington how this fiscal and accounting fraud is causing the entire planet to invest in the wrong kind of projects rather than projects that will constructively and sustainably help the real economy.
We are currently living in a fantasy economy (Ponzi scheme economy) created by a corrupt U.S. Government!
I wrote a July 1, 2016 commentary "The $1B Toyota Debacle" that explains why Toyota is making a big mistake by investing in a $1 Billion Headquarters complex in Plano, TX. They are doing so because they think that Americans will continue to buy cars and trucks from them with the imaginary-counterfeit money that the U.S. Government is borrowing from the future Americans with GAAP basis deficit spending.
U.S. Government fiscal and accounting fraud is causing us to do the wrong thing in many personal, business, and governmental situations.
The U.S. Government is operating a massive Ponzi scheme, I call it USAPonzi, that is causing major financial commitments to be made that are not grounded on sound accounting principles.
Mr. Brown, I would encourage you to study my websites and my books to understand why so many people are moving into North Texas. They are doing so because the U.S. Government is corrupt.
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 12, 2017
This USAPonzi scheme has produced $106.1 Trillion of imaginary-counterfeit money out of "thin air" by fraudulently borrowing it from the future Americans and giving it to the U.S. upper class by undertaxing the U.S. upper class by $106.1 Trillion on a GAAP Accounting basis. US Unfunded Liabilities (GAAP) = $106.1 Trillion.
This U.S. Government fraud, that I call USAPonzi, can only be equitably eliminated by the adoption of GAAP Accounting and a commitment to a balanced GAAP basis budget by the U.S. Government.
I have published a website www.usaponzi.net that explains how this USAPonzi scheme works to create a massive global wealth and income gap between the haves and the have-nots and to create false wealth and prosperity for the current Americans. My books "USAPonzi" and "USAPonzi2" are both available on this website in both Kindle and PDF formats.
USAPonzi is the biggest ($106.1 Trillion) financial fraud ever perpetrated, I call it "USAPonzi: The Ultimate Government Fraud" and it is "The Biggest Ponzi Scheme on the Planet"!
John W. White