The Art of making Money!
May 17, 2017 Emailed to WSJ/NYT/DMN on May 17, 2017
The following is an Op-Ed to "The Wall Street Journal", "The New York Times", and "The Dallas Morning News" that explains how the U.S. Government is using a fraudulent fiscal policy and accounting system to dramatically enrich themselves and to colossally enrich the U.S. upper class. The U.S. Government now has perfected "The Art of Making Money".
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".
The Art of making Money!
May 17, 2017
The Stock Market set new record highs yesterday!
The U.S. Government has perfected "The Art of making Money" that causes the Stock Market to set new record highs!
The U.S. Government has determined that it can make the U.S. upper class very wealthy simply by borrowing money from the future Americans and giving it to the U.S. upper class.
Since FY1969 the U.S. Government has borrowed $106.2 Trillion from the future Americans and given it to the current Americans. This is a very easy way for the current Americans and especially for the U.S. upper class to make money!
The only problem is; the future Americans do not have $106.2 Trillion!
The U.S. Government is enriching the U.S. upper class by operating a Ponzi scheme that I have named USAPonzi.
At the end of 1968, nominally the date that USAPonzi was launched, the net worth of all Americans was about $5 Trillion. The U.S. Government has been stuffing money ($106.2 Trillion US Unfunded Liabilities (GAAP)) into the pockets of the U.S. upper class for the last 48 years by undertaxing them and now the net worth (Total National Assets) of all Americans is estimated to be $131.5 Trillion. The U.S. Government is enriching the U.S. upper class simply by assuming public liabilities. The U.S. Government is making the U.S. upper class really, really rich by undertaxing them and deferring public liabilities to the future Americans.
It should be no big mystery why the stock market goes up or why the price of real estate is going up; the U.S. Government is printing imaginary-counterfeit money at an exponentially increasing rate and has been doing so for 48 years. And the U.S. upper class gets almost all of this money, $106.2 Trillion worth of this money! This money is imaginary because the U.S. Government just imagines that the future Americans can pay it but this money is counterfeit because the future Americans can never pay it.
The U.S. Government is corrupt! The senior officials of the U.S. Government are criminals! The U.S. Government is committing fiscal and accounting fraud by not operating its fiscal policy according to Generally Accepted Accounting Principles (GAAP Accounting). Because of this fraud the U.S. Government is enriching itself (the U.S. ruling class has been overpaid by $19.9 Trillion) and is colossally enriching the U.S. upper class (the U.S. upper class has been undertaxed by $106.2 Trillion).
The U.S. Government is promising government benefits to the general public but is not taxing the U.S. upper class enough to pay for these government benefit promises. Because of this fiscal and accounting fraud, the U.S. Government has given the U.S. upper class $106.2 Trillion, has overpaid the U.S. ruling class by $19.9 Trillion, and has underfunded the government benefit promises to the U.S. Common Man by $86.3 Trillion.
This is why all you hear on CNBC is that the stock market is setting new record highs on a regular basis. The U.S. Government has borrowed $106.2 Trillion from the future Americans and given it to the current Americans. This is a Ponzi scheme. This is a fraud. I call this fraud USAPonzi since it is a classic Ponzi scheme that is being operated by the United States of America.
Author's Note: USAPonzi ($106.2 Trillion) is 2000 times as large as Madoff Ponzi (nominally $50 Billion). In fact, Madoff Ponzi could not have happened without USAPonzi. Madoff was claiming stock market gains with faux money that USAPonzi had fraudulently borrowed from the future Americans. USAPonzi caused Madoff Ponzi, the Internet Bubble, and the Housing Bubble. Corruption breeds corruption and the U.S. Government is corrupt!
The U.S. Government is simply borrowing an exponentially increasing stream of imaginary-counterfeit money from the future Americans and giving it to the U.S. upper class. GAAP basis deficit spending creates imaginary-counterfeit money.
The U.S. Government is being run by a bunch of criminals!
This fraud has already produced $106.2 Trillion of imaginary-counterfeit money and is producing another $15.29 Billion every day!
|| $19.9 Trillion
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org May 16, 2017
This U.S. Government fraud 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 fraud 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.
This is the biggest ($106.2 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