Capital and Labor Imbalance by Fraud 191010
October 10, 2019
Emailed to Fed Chair Jay Powell, 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, NYT/WSJ/WP/DMN, and Dallas Mayor Eric Johnson on 10/14/19.
In this commentary, I will explain how the U.S. Government fiscal and accounting fraud, that I call USAPonzi, has caused labor in the United States of America to lose its value!
The U.S. Government is not operating its fiscal policy with proper and Generally Accepted Accounting Principles (GAAP Accounting)! The U.S. Government is running a classic Ponzi scheme, I call it USAPonzi! that is printing infinite counterfeit money, I call it imaginary-counterfeit money, and giving it to the elite!
The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud that is in the process of printing infinite counterfeit money to fraudulently enrich Americans relative to the rest of the planet and to fraudulently enrich the elite in America relative to the common man in America!
The common man in America often cannot earn a living wage from his/her labor when the elite in America have an infinite amount of counterfeit money!
The corrupt and criminal U.S. Government is fraudulently enriching the elite by fraudulently borrowing an infinite amount of money from the future Americans, money that the future Americans do not have, and giving it to the U.S. upper class by undertaxing them! So far, the U.S. Government has fraudulently given the U.S. upper class $126.2 Trillion of counterfeit money!
This fiscal and accounting fraud has destroyed the relationship between capital and labor!
When the corrupt and criminal U.S. Government is in the process of fraudulently printing an infinite amount of counterfeit money and giving it to the U.S. upper class, it makes working for minimum wage by the U.S. general public a FUTILE FOLLY!
This is why I say that this fiscal and accounting fraud is Causing Social Injustice!
In 1969, when the U.S. Government adopted the Unified Budget, the relationship between labor and capital became dramatically distorted! By not using proper accounting, the U.S. Government began printing counterfeit money and giving it to the U.S. upper class! The elite in America, and even the elite throughout the planet, have become extremely wealthy without doing anything and without expending any labor!
The simple fraudulent act of not using the proper accounting system to manage the finances of the U.S. Government has destroyed the value of labor. When the U.S. Government is printing an infinite supply of counterfeit money and giving it to the elite, the income from the labor of the unelite just cannot compete!
With infinite and ever-increasing counterfeit wealth, the elite can live in luxurious penthouses while the unelite cannot afford even modest accommodations in these exclusive neighborhoods with the income derived from their labor!
The corrupt and criminal U.S. Government is enriching the U.S. upper class and cheating the U.S. general public by using fraudulent accounting!
Until the U.S. Government starts using honest accounting, the elite will get richer and richer and the unelite will become poorer and poorer on a relative basis!
Honest GAAP Accounting by the U.S. Government will immediately restore the value relationship between capital and labor! However, the elite in America are not willing to give up the “bird's nest on the ground” financial situation for the elite that is being orchestrated by the corrupt and criminal U.S. Government!
By printing counterfeit money, the U.S. Government has caused a huge portion of the U.S. population to not have to work for a living! The elite don't have to work because they are gaining infinite wealth without working because the U.S. Government is printing an infinite supply of counterfeit money and giving it to the elite and many of the U.S. Government benefit recipients do not have work because the U.S. Government is printing counterfeit money to pay their benefits!
Who wants to work when you get paid more by not working?
The elite in America are using an accounting fraud to fraudulently skew wealth and income to themselves while oppressing the unelite!
Americans will have to come to accept the fact that they need to do something productive to earn an honest living with real money rather than relying on this U.S. Government accounting fraud to pay their way in the world with counterfeit money! Americans will have to return to performing tasks that support their basic human needs; food, water, clothing, shelter, etc. in order to restore economic equity on planet earth!
Today, many Americans, maybe even most, are buying these basics needs, and even things well beyond their basic needs, with counterfeit money that the U.S. Government is printing with accounting fraud!
See U.S. Government is run by Common Criminals for further explanation of how this accounting fraud that I call USAPonzi works!
This fiscal and accounting fraud that I call USAPonzi has destroyed the proper relationship between capital and labor!
|Cash Deficit in FY2020
|GAAP Deficit in FY2020
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source www.usdebtclock.org October 10, 2019
I have written two websites (usaponzi.net and usaponzi.com) and five books (the latest is USAPonziB) which are available on Amazon that explain how this U.S. Government fiscal and accounting fraud got started, the problems it is causing, and what I predict will happen when USAPonzi Implodes!
This is the biggest ($126.2 Trillion) financial fraud ever perpetrated, I call it “USAPonzi: The Ultimate Government Fraud” and “The Biggest Ponzi Scheme on the Planet”.
John W White