Stock Market Highs caused by US Gov Fraud 200818
August 18, 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 8/18/20.
This is a recording!
This is a recording!
This is a recording!
The corrupt U.S. Government is causing the stock market to continuously set new record highs because for the last 51 years the corrupt U.S. Government has been committing a fiscal and accounting fraud! The corrupt U.S. Government is promising future benefits to the U.S. general public but has not been accruing the money to pay for these benefits by dramatically undertaxing the U.S. upper class!
By not accruing for these future benefit promises, the corrupt U.S. Government is colossaly enriching the U.S. upper class and is colossally screwing the U.S. general public! The corrupt U.S. Government has tricked the U.S. general public into thinking that they will get paid future benefits that it has no intention or capablity to pay!
The corrupt U.S. Government is not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting).
When the corrupt U.S. Government does not accrue the money to pay these future benefits, it just defers these expenses to the future Americans and undertaxes the U.S. upper class!
For the last 51 years the corrupt U.S. Government has been fraudulently borrowing money from the future Americans and giving it to the U.S. upper class! As of today, the corrupt U.S. Government has fraudulently borrowed $153.9 Trillion from the future Americans so the current Americans can buy products and services from these stock market companies and then buy stock in these companies.
I does not take a genius to figure out that if the corrupt U.S. Government borrows an infinite amount of money from the future Americans and gives it to the U.S. upper class, the stock market will go to infinity!
As shown in the table below, the corrupt U.S. Government has deferred $153.9 Trillion (US Unfunded Liabilities (GAAP)) to future Americans and given the U.S. upper class $153.9 Trillion of imaginary-counterfeit money! Americans, largely the U.S. upper class, have been buying stuff for the last 51 years with imaginary-counterfeit money because the future Americans do not have $153.9 Trillion! This money is imaginary because it only exists in the criminal minds of the U.S. Government and is counterfeit because it will never be paid!
The corrupt U.S. Government has created the wealth and income gap by not accruing for the future benefit promises to the U.S. general public! The corrupt U.S. Government is dramatically enriching the U.S. upper class by dramatically screwing the U.S. general public!
The corrupt and criminal U.S. Government likes the U.S. upper class a lot more than it likes the U.S. general public; $153.9 Trillion more than it likes the U.S. general public!
The corrupt U.S. Government fiscal and accounting fraud, that I call USAPonzi, is what has produced the inequitable economy in America wherein the haves are doing great and the have-nots are getting screwed!
This accounting fraud is not only causing the stock market to continously go up, it is causing a Trilogy of Global Crises (inequitable economy, global warming, and the coronavirus pandemic)!
The following table gives a summary assessment of the U.S. Government financial condition as of August 18, 2020 as estimated by www.usdebtclock.org.
|Cash Deficit in FY2020
|*GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org August 18, 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 >$27.8 Trillion (>$153.9T-$126.1T = >$27.8T).
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 ($153.9 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Great American Fraud” and “The Biggest Ponzi Scheme on the Planet”!
John W. White