Where will we park all the Damn Airplanes? 190318
March 18, 2019
Emailed to WSJ/NYT/WP/DMN, the US SEC, Fed Chairman Jay Powell, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, and Dallas Mayor Mike Rawlings 3/18/19
Boeing 737 Max 8 aircraft parked
at Phoenix Sky Harbor Airport
March 14, 2019
Where will we park all of the Damn Airplanes?
The U.S. Government is running a Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money so we can appear to fly an infinite number of airplanes!
The U.S. Government has created an Airplane Bubble by printing infinite counterfeit money!
I estimate that when USAPonzi implodes we will need to find permanent parking places for 25,000-30,000 airplanes!
This Ponzi scheme is causing bubbles in all asset classes; airplanes, cars, houses, apartment buildings, skyscrapers, restaurants, banks, sports stadiums, golf courses, hospitals, airports, cities, smartphones, computers, tennis shoes, tee shirts, bitcoins, etc., etc.! We are buying and building a lot more things than we can honestly afford! We are buying and building a lot more things than we can effectively use when USAPonzi implodes!
The U.S. Government is creating bubbles in all asset classes by printing an infinite amount of counterfeit money!
After two recent crashes of the Boeing 737 Max 8, the decision was made to ground all Boeing 737 Max aircraft until the cause of these crashes were understood and appropriate corrective actions taken to prevent further such accidents!
US issues order grounding all Boeing 737 Max 8 and Max 9 jets
I contend that these Airplane Crashes were caused by U.S. Government Fraud!
The U.S. Government is committing a fiscal and accounting fraud, a Ponzi scheme that I call USAPonzi, that is in the process of printing an infinite amount of imaginary-counterfeit money so the airlines can appear to order an unending and ever-increasing number of airplanes! When this Ponzi scheme implodes, this imaginary-counterfeit money will evaporate and the number of people that can afford to fly will be dramatically reduced!
The U.S. Government has already printed $123.1 Trillion of imaginary-counterfeit money and is printing $16.7 Billion more imaginary-counterfeit money every day so airlines all over the planet are foolishly ordering an outrageous number of airplanes! People all over the planet are flying on airplanes with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans!
GAAP basis deficit spending, by the U.S. Government, prints imaginary-counterfeit money and gives it to the U.S. upper class by undertaxing them! The U.S. upper class gets paid an estimated $16.7 Billion every day because the GAAP deficit in 2019 is estimated to be $6.10 Trillion ($6.10T/365 days = $16.7B)!
These two crashes of Boeing 737 Max 8's have grounded the 371 Boeing 737 Max airplanes that are in service today! This is 1.26% of the estimated total number of commercial airliners in service today!
The grounding of the 371 Boeing 737 Max aircraft is just a harbinger of what will happen when USAPonzi implodes!
We had 29,398 commercial airliners in service in 2018 only because the U.S. Government has fraudulently borrowed $123.1 Trillion of imaginary-counterfeit money from the future Americans!
Airliners in service in 2018
Boeing now has 5,826 commercial airplanes on order only because every day the U.S. Government fraudulently borrows $16.7 Billion more imaginary-counterfeit money from the future Americans!
Boeing Airliners on order
Every day the U.S. Government fraudulently borrows enough imaginary-counterfeit money ($16.7 Billion) from the future Americans to buy 222 Boeing 737 Max 8 airplanes at $75 Million each ($16.7B/$75M = 222)!
The above picture from Flightaware demonstrates how many airplanes were in the air on May 14, 2017! Flightaware estimates that in the year prior to that date, there were an average of 9,728 passenger planes in the air at all times carrying 1,270,406 people!
When USAPonzi implodes, airlines all over the planet will need to find parking spaces for thousands of grounded airliners! USAPonzi will implode because the future Americans do not have $123.1 Trillion!
When will USAPonzi implode? That is as yet unknown but it is inevitable!
The U.S. Government is in the process of fraudulently borrowing an unending and ever-increasing (infinite) amount of imaginary-counterfeit money from the future Americans so airlines all over the planet appear to need an unending and ever-increasing number of airplanes!
Until the U.S. Government starts using honest accounting, the planet will continue to build airplanes that are destined to end up in airplane parking lots all over planet earth!
Until the U.S. Government starts using honest accounting, the planet will continue to buy, build, and operate more and more environment-polluting physical objects, like airplanes, that are causing Global Warming which is Destroying Planet Earth!
This airplane bubble was also explained in my politically incorrectly named September 7, 2017 commentary Boeing Stupidity!
By the way, we do not need to have parking places for all 29,398 commercial airplanes right now because we have 6,000-20,000 airliners in the air at all times of the day and night!
But we will need a lot more airplane parking spaces when USAPonzi implodes!
|Cash Deficit in FY2019
|GAAP Deficit in FY2019
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org March 18, 2019
GAAP Accounting, properly applied, would prevent the U.S. Government from borrowing more money from the future Americans than the future Americans can be reasonably expected to pay!
The U.S. Government must adopt GAAP Accounting (Generally Accepted Accounting Principles) and commit to a balanced GAAP basis budget in order to eliminate this fiscal and accounting fraud and properly accrue for the future U.S. Government benefit promises that have been made to the U.S. general public!
The U.S. Government, and all sovereign entities that sponsor a currency that is used in international trade, must adopt GAAP Accounting, or its basic equivalent, to provide a level economic playing field in America and throughout Planet Earth!
This fraud/Ponzi scheme (USAPonzi) is explained in much more detail on my websites www.usaponzi.net and www.usaponzi.com and in my books USAPonzi, USAPonzi2, USAPonzi3, and my latest USAPonziA.
This is the biggest ($123.1 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White