The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"                     USAPonzi                                      by John W. White   Mar 29, 2013

Bob Crandall (ex-AA-CEO): “Tax Me More”!
August 12, 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 8/12/19
.


Dallas Morning News article August 11, 2019
former-american-airlines-ceo-crandall-thinks-rich-people-like-him-should-pay-higher-taxes


TO
: Rob Curran writer for Dallas Morning News


CC: Dallas Morning News, Wall Street Journal, Washington Post, New York Times


Rob, I read your article in the Dallas Morning News wherein Bob Crandall, former American Airlines CEO, states that we cannot reduce wealth and income inequality in America until we start taxing the rich more!


I totally agree with Mr. Crandall!


However, the degree to which the rich are being undertaxed will be shocking to everyone when it is properly exposed! The U.S. upper class has been undertaxed by $125.3 Trillion!


Wealth and income inequality in America is caused by U.S. Government fiscal and accounting fraud!


The U.S. Government has rigged the global economic and financial system, by not using proper GAAP Accounting, so that it is enriching the rich, cheating the unrich, building things (cars, trucks, airplanes, houses, apartments, condos, banks, restaurants, skyscrapers, guns, bullets, and bombs) we cannot sustain and utilize, causing Global Warming, and destroying Planet Earth!


America has rigged the economic and financial system to the point that we are headed toward the physical destruction of Planet Earth and the demise of most of the human population of Planet earth!


Destruction of Planet Earth 
Planet Earth is in the process of buying and building an infinite number of things that are being purchased with imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans! This U.S. Government accounting fraud is filling up Planet Earth with environment-polluting physical objects which is causing Global Warming that is Destroying Planet Earth!


We are in the process of filling our roads with an infinite number of cars and trucks, filling our skies with an infinite number of airplanes, filling our cities and countrysides with an infinite number of houses, filling our cities and towns with an infinite number of restaurants and banks, filling our cities with an infinite number of apartment buildings, and filling our cities with an infinite number of  high rise condo buildings and skyscrapers!


This accounting fraud is printing an infinite amount of imaginary-counterfeit money so Planet Earth can buy and build an infinite number of everything


Demise of the human population
Most of the human population on Planet Earth is living on the imaginary-counterfeit money that the U.S. Government is fraudulently borrowing from the future Americans! This imaginary-counterfeit money will evaporate when this accounting fraud is exposed and a lot of people will not be able to pay for their food! In America, those people that are living on U.S. Government benefit promises are going to be devastated when they find out the U.S. Government has not accrued the money to pay these benefits! The U.S. Government benefit recipients will not be paid their benefits and therefore they will not be able to pay for their food!


The U.S. Government is promising U.S. Government benefits to the U.S. general public but is not accruing the money to pay for these promises! The U.S. Government is not using proper GAAP Accounting!


The U.S. Government is enriching the U.S. upper class by $102.8 Trillion (US Unfunded Future Liabilities) by not taxing the U.S. upper class enough to pay for the benefit promises that it has made to the U.S. general public!


The U.S. Government is cheating the U.S. general public by $102.8 Trillion (US Unfunded Future Liabilities) by not taxing the U.S. upper class enough to pay for the benefit promises that it has made to the U.S. general public!


The U.S. Government is destroying Planet Earth with environment-polluting physical objects that are being bought and built with $125.3 Trillion of imaginary-counterfeit money that the U.S. Government has printed by not taxing the U.S. upper class enough to pay for the benefit promises that it has made to the U.S. general public!


The U.S. Government has caused massive economic inequality in America by enriching the rich and cheating the unrich!


Yes, Bob Crandall is correct, we will not fix this economic inequality in America until the U.S. Government taxes the rich a lot more! The U.S. Government has undertaxed the U.S. upper class by $125.3 Trillion over the last 49 years!


The U.S. Government has created this economic inequality in America by simply not using honest accounting! The U.S. Government has deferred $125.3 Trillion (US Unfunded Liabilities (GAAP)) to future Americans by not accruing the money to pay future benefits to the U.S. general public!


The corrupt and criminal U.S. Government is enriching the rich and cheating the unrich!


 

National Debt $22.5 Trillion
Cash Deficit in FY2019 $0.99 Trillion
GAAP Deficit in FY2019 $6.13 Trillion
US Unfunded Future Liabilities $102.8 Trillion
US Unfunded Liabilities (GAAP) $125.3 Trillion
Imaginary-Counterfeit Money $125.3 Trillion
Total National Assets $155.8 Trillion

Source: www.usdebtclock.org August 12, 2019


The corrupt and criminal U.S. Government is lying to and cheating the U.S. general public by promising future benefits that it is not funding because it is not using proper GAAP Accounting!


The corrupt and criminal U.S. Government is in the process of borrowing an infinite amount of money from the future Americans and giving it to the U.S. upper class!


The corrupt and criminal U.S. Government is committing a fiscal and accounting fraud that is destroying Planet Earth!


This fraud/Ponzi scheme is explained in more detail on my websites www.usaponzi.net and www.usaponzi.com and in my fifth book on this Ponzi scheme, “USAPonziB!


John W White

Plano, TX