The Illegal-Legal Drug Price Bubble
September 19, 2017 Emailed to WSJ/NYT/DMN on 9/20/17
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 fraud has made the pharmaceutical business so lucrative! The U.S. Government creates imaginary-counterfeit money out of "thin air" so we can have an alphabet soup of prescription drugs that can cost a patient hundreds of thousands of dollars, even a million dollars, per year. But the fraudulently filthy rich U.S. upper class can pay for these prescription drugs with their $107.5 Trillion of imaginary-counterfeit money that the U.S. Government has fraudulently stuffed into their pockets.
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 Illegal-Legal Drug Price Bubble
September 19, 2017
The U.S. Government has illegally created a bubble in the price of legal drugs!
U.S. Government fiscal and accounting fraud is causing the market cap of some pharmaceutical companies to exceed the GDP of some small and not so small countries!
America's most expensive prescription drugs
Chris Morris, special to CNBC.com
12:55 PM ET Tue, 30 May 2017
As outrageous as the cost of healthcare can be in the United States, it's nothing compared to the markup on some prescription medicines.
Did you ever wonder why healthcare in general and prescription drugs in particular are so expensive in the United States of America?
Healthcare and prescription drugs are very expensive because the U.S. Government is corrupt! The U.S. Government and the pharmaceutical companies have a conspiracy going to make both of them wealthy. The U.S. Government has fraudulently borrowed $107.5 Trillion from the future Americans to create $107.5 Trillion of imaginary-counterfeit money and the pharmaceutical companies, seeing all of that money coming out of Washington, DC have invested millions even billions creating drugs that only the fraudulently wealthy U.S. upper class and the fraudulently wealthy U.S. Government can afford.
U.S. Government fiscal and accounting fraud has been fraudulently enriching the U.S. upper class ($107.5 Trillion) for now 48 years by operating with Cash Accounting rather than the proper GAAP Accounting. This fraud has caused the cost of both healthcare and prescription drugs to spiral out of control because the U.S. Government is creating what will be an infinite amount of imaginary-counterfeit money by borrowing it from the future Americans and giving it to the U.S. upper class.
The pharmaceutical companies have agreed with the U.S. Government that if the U.S. Government will make fake money they will make fake drugs and both of them can get rich. Yes, some of these drugs may have some real value but none of the fake money has any real value. This money has been fraudulently borrowed from the future Americans and they do not have $107.5 Trillion. This is a $107.5 Trillion fraud that is being perpetrated by the U.S. Government! The price of prescription drugs are increasing dramatically because the U.S. Government has created $107.5 Trillion of imaginary-counterfeit money out of "thin air"!
The U.S. Government is committing the biggest crime ($107.5 Trillion) in the history of the planet to enrich themselves, to enrich their upper class friends, and to enrich the pharmaceutical companies. Most other companies all over the planet have become fraudulently successful because the U.S. Government is creating imaginary-counterfeit money out of "thin air" so the current Americans can buy their products and services with this ever-expanding pool of imaginary-counterfeit money!
And by the way, this U.S. Government accounting fraud has also created "The Illegal-Illegal Drug Price Bubble"! Street drugs only appear to be valuable because the U.S. Government is producing this ever-expanding pool of fake money so Americans can also pay high prices for illegal drugs.
This is just what Ponzi schemes do, they tend to create an ever-increasing pool of phantom assets for the early participants while accruing an ever-increasing pool of liabilities for the late participants. The U.S. upper class and the successful companies are getting richer and richer while the U.S. Government is assuming more and more liabilities for the future Americans.
U.S. Government fiscal and accounting fraud, I call it USAPonzi, is creating bubbles in the price of both legal drugs and illegal drugs.
The U.S. Government is digitally printing counterfeit money and giving it to the current Americans by using fraudulent accounting.
The U.S. Government is creating money, I call it imaginary-counterfeit money, out of "thin air" to enrich the current Americans by borrowing money from the future Americans, that the future Americans do not have, and giving it to the current Americans. As of September 19, 2017, the U.S. Government has borrowed/stolen $107.5 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the current Americans. Every day the U.S. Government fraudulently borrows another $15.1 Billion from the future Americans and gives it to the current Americans (GAAP Deficit in FY2017 = $5.51T/365 days = $15.1B per day).
We are buying "legal drugs" and "illegal drugs" with imaginary-counterfeit money that the U.S. Government has created out of "thin air" with GAAP basis deficit spending. This fraud will create an infinite amount of imaginary-counterfeit money so the price of both legal and illegal drugs will continue to increase toward infinity until this U.S. Government fraud is terminated.
When you are buying stuff with imaginary-counterfeit money, you can pay too much and you can buy too much; Americans are doing both (See An Infinite Amount of The Wrong Stuff)!
The "Dallas Morning News" needs to have a serious and capable investigative reporter study and report on this problem so that we can stop this U.S. Government fiscal and accounting fraud. This is the best and proper way to get healthcare cost in America down to a realistic level. But unfortunately the U.S. upper class will have to start earning "real money" to pay for their healthcare just like the U.S. general public has to do today unless the U.S. Government steps in to pay for their healthcare with their fake money (See Two Classes of People/Two Kinds of Money).
This U.S. Government fiscal and accounting fraud is causing bubbles in essentially all asset classes!
The rich in America are not really rich, they are faux rich, because the U.S. Government is corrupt! The U.S. upper class is appearing to get rich because the U.S. Government is borrowing/stealing imaginary-counterfeit money, $107.5 Trillion so far, from the future Americans and giving it to the U.S. upper class! The "successful" pharmaceutical companies appear to be worth hundreds of billions of dollars because the U.S. Government has given the current Americans, primarily the U.S. upper class, $107.5 Trillion of imaginary-counterfeit money to buy their prescription drugs!
The U.S. economy is all a hoax created by a corrupt U.S. Government!
The U.S. Government has got to start telling the financial truth!
The "Dallas Morning News" has got to start reporting the financial truth!
|Cash Deficit in FY2017
|GAAP Deficit in FY2017
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org Sep 19, 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. The www.usaponzi.net website is an introduction to my more detailed website www.usaponzi.com and my books "USAPonzi" (Nov 22, 2015) and "USAPonzi2" (May 1, 2017) which are available on Amazon to better explain this fraud/Ponzi scheme.
This is the biggest ($107.5 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